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Significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2021
The table below is a list of the Company’s subsidiaries and associate:

The table below is a list of the Company’s subsidiaries and associate:

 

        Direct and indirect interest
Name Principal activities Location Investment type December 31, 2021 December 31, 2020
Afya Participações S.A. (“Afya Brazil”) Holding Nova Lima - MG Subsidiary 100% 100%
Instituto Tocantinense Presidente Antônio Carlos Porto S.A. – (“ITPAC Porto”) Undergraduate degree programs Porto Nacional - TO Subsidiary 100% 100%
Instituto Tocantinense Presidente Antônio Carlos S.A. – (“ITPAC Araguaina”) Undergraduate degree programs Araguaína - TO Subsidiary 100% 100%
União Educacional do Vale do Aço S.A. – (“UNIVAÇO”) Medicine undergraduate degree program Ipatinga - MG Subsidiary 100% 100%
IPTAN - Instituto de Ensino Superior Presidente Tancredo de Almeida Neves S.A. (“IPTAN”) Undergraduate degree programs São João Del Rei - MG Subsidiary 100% 100%
Instituto de Educação Superior do Vale do Parnaíba S.A. (“IESVAP”) Undergraduate degree programs Parnaíba - PI Subsidiary 80% 80%
Centro de Ciências em Saúde de Itajubá S.A. (“CCSI”) Medicine undergraduate degree program Itajubá - MG Subsidiary 60% 60%
Instituto de Ensino Superior do Piauí S.A. (”IESP”) Undergraduate and graduate degree programs Teresina - PI Subsidiary 100% 100%
Centro Integrado de Saúde de Teresina (“CIS”) Outpatient care Teresina - PI Subsidiary 100% 100%
FADEP - Faculdade Educacional de Pato Branco Ltda. (“FADEP”) Undergraduate degree programs Pato Branco - PR Subsidiary 100% 100%
Medcel Editora e Eventos S.A. (“Medcel”) Medical education content São Paulo - SP Subsidiary 100% 100%
Instituto Educacional Santo Agostinho S.A. (“FASA”) Undergraduate degree programs Montes Claros - MG Subsidiary 100% 100%
ESMC Educação Superior Ltda. (“ESMC”) Undergraduate degree programs Montes Claros - MG Subsidiary 100% 100%
Instituto de Pesquisa e Ensino Médico do Estado de Minas Gerais Ltda. (“IPEMED”) Graduate Belo Horizonte - MG Subsidiary 100% 100%
Instituto Paraense de Educação e Cultura Ltda (“IPEC”) Medicine degree programs Marabá - PA Subsidiary 100% 100%
Sociedade Universitária Redentor S.A. (“UniRedentor”) Undergraduate and graduate degree programs Itaperuna - RJ Subsidiary 100% 100%
Centro Universitário São Lucas Ltda. (“UniSL”) Undergraduate degree programs Porto Velho - RO Subsidiary 100% 100%
Peb Med Instituição de Pesquisa Médica e Serviços Ltda (“PebMed”) Content and clinical tools and online platform Rio de Janeiro - RJ Subsidiary 100% 100%
Faculdade de Ensino Superior da Amazônia Reunida – (“FESAR”) Undergraduate degree programs Redenção – PA Subsidiary 100% 100%
Centro Superior de Ciências da Saúde S/S Ltda. (“FCMPB”) Medicine degree programs João Pessoa – PB Subsidiary 100% 100%
MedPhone Tecnologia em Saúde Ltda. (“MedPhone”) Content and clinical tools and online platform Recife – PE Subsidiary 100% 100%
iClinic Desenvolvimento de Software Ltda (“iClinic”)* Electronic Medical Record, Clinical Management System Ribeirão Preto - SP Subsidiary 100% 100%
Medicinae Solutions S.A. (“Medicinae”)* Healthcare payments and financial services Rio de Janeiro – RJ Subsidiary 100% 100%
Medical Harbour Aparelhos Médico Hospitalares e Serviços em Tecnologia Ltda. (“Medical Harbour”) * Educational health and medical imaging Florianópolis – SC Subsidiary 100% 100%
Cliquefarma Drogarias Online Ltda.(“Cliquefarma”)* Online platform São Paulo – SP Subsidiary 100% 100%
Shosp Tecnologia da Informação Ltda. (“Shosp”)* Electronic Medical Record, Clinical Management System Rio de Janeiro – RJ Subsidiary 100% 100%
Sociedade Padrão de Educação Superior Ltda. (“UnifipMoc”) * Undergraduate degree programs Montes Claros - MG Subsidiary 100% 100%
Companhia Nilza Cordeiro Herdy de Educação e Cultura. (“Unigranrio”) * Undergraduate and graduate degree programs Duque de Caxias - RJ Subsidiary 100% 100%
Policlínica e Centro de Estética Duque de Caxias Ltda. (“Policlínica”) * Medical Care Duque de Caxias - RJ Subsidiary 100% 100%
Sociedade Educacional de Palhoça S/A Ltda. (“SOCIESP”) * Basic Education Palhoça - SC Subsidiary 100% 100%
Instituto de Ensino Superior de Palhoça S/S Ltda. (“IESP PALHOÇA”) * Undergraduate degree programs Palhoça - SC Subsidiary 100% 100%
RX PRO Soluções de Tecnologia Ltda. (“RX PRO”) Marketing for pharmaceutical industry São Paulo – SP Subsidiary 100% 100%
RX PRO LOG Transporte e Logística Ltda. (“RX PRO LOG”) Marketing for pharmaceutical industry São Paulo – SP Subsidiary 100% 100%
União Educacional do Planalto Central S.A. (“UEPC”) Undergraduate degree programs Brasília - DF Associate 30% 30%

 

* See Note 5 for further details of the business combinations during 2021.
Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:

Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:

 

Building 25 years
Machinery and equipment 10 years
Vehicles 4 years
Furniture and fixtures 10 years
IT equipment 5 years
Library books 10 years
Laboratories and clinics 10 years
Leasehold improvements 20 years