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Intangible assets, net (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of reconciliation of changes in intangible assets and goodwill [abstract] |
Summary of Reconciliation of Changes in Intangible Assets and Goodwill |
|  | Software |  |  | Trademark |  |  | Intellectual Property |  |  | Customer relationship |  |  | Goodwill |  |  | Others |  |  | Total |
At December 31, 2019 |  |  | 1,665 |  |  |  | — |  |  |  | 2,462 |  |  |  | 2,310 |  |  |  | 11,941 |  |  |  | — |  |  |  | 18,378 |
Acquisitions of subsidiary (note 3) |  |  | — |  |  |  | — |  |  |  | 729 |  |  |  | — |  |  |  | 380 |  |  |  | — |  |  |  | 1,109 |
Disposals/write-downs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (117 | ) |  |  | — |  |  |  | (117 | )
Amortization |  |  | (227 | ) |  |  | — |  |  |  | (154 | ) |  |  | (429 | ) |  |  | — |  |  |  | — |  |  |  | (810 | )
Exchange rate effect |  |  | (284 | ) |  |  | — |  |  |  | (562 | ) |  |  | (302 | ) |  |  | (2,319 | ) |  |  | — |  |  |  | (3,467 | )
At December 31, 2020 |  |  | 1,154 |  |  |  | — |  |  |  | 2,475 |  |  |  | 1,579 |  |  |  | 9,885 |  |  |  | — |  |  |  | 15,093 |
Acquisitions (i) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 368 |  |  |  | 368 |
Acquisitions of subsidiary (note 3) |  |  | 1,519 |  |  |  | 220 |  |  |  | — |  |  |  | 6,781 |  |  |  | 12,535 |  |  |  | 145 |  |  |  | 21,200 |
Amortization |  |  | (463 | ) |  |  | (12 | ) |  |  | (394 | ) |  |  | (1,100 | ) |  |  | — |  |  |  | (37 | ) |  |  | (2,006 | )
Exchange rate effect |  |  | (426 | ) |  |  | (13 | ) |  |  | (134 | ) |  |  | 404 |  |  |  | (822 | ) |  |  | (20 | ) |  |  | (1,011 | )
At December 31, 2021 |  |  | 1,784 |  |  |  | 195 |  |  |  | 1,947 |  |  |  | 7,664 |  |  |  | 21,598 |  |  |  | 456 |  |  |  | 33,644 |
(i) | On August 04, 2021, the Group signed a share purchase agreement to acquire Guava Desenvolvimento De Software LTDA. - ME (“Guava”), which was merged into VTEX BRA on December 15, 2021. The agreement has the primary purpose of obtaining access to Guava’s key employees for the VTEX design and software teams. The value attributed to the assembled workforce intangible asset should include the value of that workforce’s skills.

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- Definition The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2021-01-01 -Paragraph 118 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2021-en-r&anchor=para_118&doctype=Standard -URIDate 2021-03-24 + Details
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