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Intangible assets, net (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of reconciliation of changes in intangible assets and goodwill [abstract] |
Summary of Reconciliation of Changes in Intangible Assets and Goodwill | Details of intangible assets and changes in the Group’s intangible assets balances are presented below:
|  | Software |  |  | Trademark |  |  | Intellectual Property |  |  | Customer relationship |  |  | Goodwill |  |  | Other |  |  | Total |
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 differences |  |  | (426 | ) |  |  | (13 | ) |  |  | (134 | ) |  |  | 404 |  |  |  | (822 | ) |  |  | (20 | ) |  |  | (1,011 | )
At December 31, 2021 |  |  | 1,784 |  |  |  | 195 |  |  |  | 1,947 |  |  |  | 7,664 |  |  |  | 21,598 |  |  |  | 456 |  |  |  | 33,644 |
Cost |  |  | 4,091 |  |  |  | 207 |  |  |  | 2,540 |  |  |  | 9,336 |  |  |  | 21,598 |  |  |  | 493 |  |  |  | 38,265 |
Accumulated amortization |  |  | (2,307 | ) |  |  | (12 | ) |  |  | (593 | ) |  |  | (1,672 | ) |  |  | — |  |  |  | (37 | ) |  |  | (4,621 | )
Net book amount |  |  | 1,784 |  |  |  | 195 |  |  |  | 1,947 |  |  |  | 7,664 |  |  |  | 21,598 |  |  |  | 456 |  |  |  | 33,644 |
Amortization |  |  | (438 | ) |  |  | (22 | ) |  |  | (346 | ) |  |  | (1,177 | ) |  |  | — |  |  |  | (93 | ) |  |  | (2,076 | )
Others (ii) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,141 | ) |  |  | — |  |  |  | (1,141 | )
Exchange differences |  |  | 92 |  |  |  | 11 |  |  |  | 104 |  |  |  | 42 |  |  |  | 508 |  |  |  | 26 |  |  |  | 783 |
At December 31, 2022 |  |  | 1,438 |  |  |  | 184 |  |  |  | 1,705 |  |  |  | 6,529 |  |  |  | 20,965 |  |  |  | 389 |  |  |  | 31,210 |
Cost |  |  | 4,291 |  |  |  | 218 |  |  |  | 2,675 |  |  |  | 9,394 |  |  |  | 20,965 |  |  |  | 519 |  |  |  | 38,062 |
Accumulated amortization |  |  | (2,853 | ) |  |  | (34 | ) |  |  | (970 | ) |  |  | (2,865 | ) |  |  | — |  |  |  | (130 | ) |  |  | (6,852 | )
Net book amount |  |  | 1,438 |  |  |  | 184 |  |  |  | 1,705 |  |  |  | 6,529 |  |  |  | 20,965 |  |  |  | 389 |  |  |  | 31,210 |
(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.
(ii) | Includes a earn-out adjustment of US$897 related to the Workarea acquisition. In January 2022 the Company carried out an assessment of the Purchase Price Consideration of Workarea’s acquisition, having identified an immaterial adjustment. The Purchase Price Consideration recognized on December 31, 2021, financial statements were based on a provisional assessment. In January 2022, the valuation sought by an independent valuation and assessment were completed. Also includes a fixed installment immaterial adjustment of US$244 related to the Ciashop acquisition .

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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 2022-03-24 -Paragraph 118 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2022-en-r&anchor=para_118&doctype=Standard -URIDate 2022-03-24 + Details
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