XML 59 R26.htm IDEA: XBRL DOCUMENT
v3.23.1

Related parties | 12 Months Ended
--- | ---
Dec. 31, 2022
Related parties |
Related parties | 21 Related parties As presented in note 1, the Company is part of Cogna Group and some of the Company’s transactions and arrangements involve entities that belong to the Cogna Group. The effect of these transactions is reflected in these Consolidated Financial Statements, with these related parties segregated by nature of transaction measured on an arm’s length basis and determined by intercompany agreements and approved by the Company’s Management. Furthermore, all of them are settled in cash, except for certain intangibles described in item 21(d). The balances and transactions between the Company and its associates have been eliminated in the Company’s Consolidated Financial Statements. The balances and transactions between related parties are shown below:
|  | December 31, 2022 |
|  | Other receivables (i) |  |  | Trade receivables (Note 10 and 21C) |  |  | Indemnification asset (note 21 b) |  |  | Other payments |  |  | Suppliers (note 16) |  |  | Bonds (note 15) |
Cogna Educação S.A. |  | - |  |  | - |  |  | 180,417 |  |  | - |  |  | 3,828 |  |  | 313,531 |
Editora Atica S.A. |  | - |  |  | 5,754 |  |  | - |  |  | - |  |  | 9,778 |  |  | - |
Editora E Distribuidora Educacional S.A. |  | 1,722 |  |  | 19 |  |  | - |  |  | - |  |  | - |  |  | - |
Educação Inovação e Tecnologia S.A. |  | - |  |  | 389 |  |  | - |  |  | - |  |  | 175 |  |  | - |
Nice Participações Ltda |  | - |  |  | 37 |  |  | - |  |  | - |  |  | - |  |  | - |
Saraiva Educação S.A. |  | - |  |  | 749 |  |  | - |  |  | - |  |  | - |  |  | - |
Somos Idiomas S.A. |  | - |  |  | 229 |  |  | - |  |  | - |  |  | - |  |  | - |
Others |  | 37 |  |  | - |  |  | - |  |  | 54 |  |  | - |  |  | - |
|  | 1,759 |  |  | 7,177 |  |  | 180,417 |  |  | 54 |  |  | 13,781 |  |  | 313,531 |
(i) | Refers substantially to accounts receivable generated from sharing costs e.g IT services shared by the Company to Cogna Group.
| December 31, 2021
| Other receivables (i) |  |  | Trade receivables (Note 10 and 21c) |  |  | Indemnification asset (note 21b) |  |  | Other payments (ii) |  |  | Suppliers (note 16) |  |  | Bonds (note 15) |
Acel Adminstração de Cursos Educacionais Ltda | - |  |  | 6,482 |  |  | - |  |  | - |  |  | 474 |  |  | - |
Anhanguera Educacional Participacoes S.A. | - |  |  | 413 |  |  | - |  |  | - |  |  | - |  |  | - |
Centro Educacional Leonardo Da Vinci SS | - |  |  | - |  |  | - |  |  | - |  |  | 6 |  |  | - |
Cogna Educação S.A. | - |  |  | - |  |  | 160,470 |  |  | 3,021 |  |  | - |  |  | 315,764 |
Colégio Ambiental Ltda | - |  |  | 805 |  |  | - |  |  | - |  |  | - |  |  | - |
Colégio JAO Ltda. | - |  |  | 4,974 |  |  | - |  |  | - |  |  | 33 |  |  | - |
Colegio Manauara Lato Sensu Ltda. | - |  |  | 3,291 |  |  | - |  |  | - |  |  | 458 |  |  | - |
Colegio Manauara Cidade Nova Ltda. |  |  |  | 395 |  |  |  |  |  |  |  |  | - |  |  |  |
Colegio Visao Eireli | - |  |  | 132 |  |  | - |  |  | - |  |  | 13 |  |  | - |
Colégio Cidade Ltda | - |  |  | 397 |  |  | - |  |  | - |  |  | 15 |  |  | - |
COLEGIO DO SALVADOR LTDA |  |  |  | 1 |  |  |  |  |  |  |  |  | - |  |  |  |
Curso e Colégio Coqueiro Ltda | - |  |  | 434 |  |  | - |  |  | - |  |  | 20 |  |  | - |
ECSA Escola A Chave do Saber Ltda | - |  |  | 1,444 |  |  | - |  |  | - |  |  | 16 |  |  | - |
Editora Atica S.A. | - |  |  | 2,207 |  |  | - |  |  | 20,040 |  |  | 9,239 |  |  | - |
Editora E Distribuidora Educacional S.A. | - |  |  | 436 |  |  | - |  |  | 15,754 |  |  | 88 |  |  | - |
Editora Scipione S.A. | - |  |  | 445 |  |  | - |  |  | 211 |  |  | 556 |  |  | - |
Educação Inovação e Tecnologia S.A. | - |  |  | - |  |  | - |  |  | 128 |  |  | - |  |  | - |
Escola Mater Christi Ltda. | - |  |  | 765 |  |  | - |  |  | - |  |  | 139 |  |  | - |
Escola Riacho Doce Ltda | - |  |  | - |  |  | - |  |  | - |  |  | 24 |  |  | - |
Maxiprint Editora Ltda. | - |  |  | 1,205 |  |  | - |  |  | 117 |  |  | 76 |  |  | - |
Nucleo Brasileiro de Estudos Avançados Ltda | - |  |  | 420 |  |  | - |  |  | - |  |  | 45 |  |  | - |
Papelaria Brasiliana Ltda | - |  |  | 644 |  |  | - |  |  | - |  |  | - |  |  | - |
Pitagoras Sistema De Educacão Superior Ltda. | - |  |  | 76 |  |  | - |  |  | - |  |  | - |  |  | - |
Saber Serviços Educacionais S.A. | 14 |  |  | 7,269 |  |  | - |  |  | - |  |  | 578 |  |  | - |
Saraiva Educacão S.A. | 365 |  |  | 1,179 |  |  | - |  |  | - |  |  | 5,136 |  |  | - |
SGE Comercio De Material Didatico Ltda. | - |  |  | - |  |  | - |  |  | - |  |  | 1,687 |  |  | - |
Sistema P H De Ensino Ltda. | - |  |  | 4,421 |  |  | - |  |  | - |  |  | 177 |  |  | - |
Sociedade Educacional Alphaville Ltda | - |  |  | 1,257 |  |  | - |  |  | - |  |  | 1 |  |  | - |
Sociedade Educacional Doze De Outubro Ltda. | - |  |  | 734 |  |  | - |  |  | - |  |  | 47 |  |  | - |
Sociedade Educacional Parana Ltda. | - |  |  | 91 |  |  | - |  |  | - |  |  | 11 |  |  | - |
Somos Idiomas S.A. | 122 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Somos Operações Escolares S.A. | - |  |  | 3,305 |  |  | - |  |  | - |  |  | 29 |  |  | - |
SSE Serviços Educacionais Ltda. | - |  |  | 3,602 |  |  | - |  |  | - |  |  | 665 |  |  | - |
| 501 |  |  | 46,824 |  |  | 160,470 |  |  | 39,271 |  |  | 19,533 |  |  | 315,764 |
(i)
(i) | Refers substantially to accounts receivable generated from sharing costs e.g IT services shared by the Company to Cogna Group.
(ii) | Refers substantially to accounts payable by sharing expenses e.g property leasing, personnel and IT licenses shared with Cogna Group.
|  | Year ended December 31, 2022 |  |  | Year ended December 31, 2021 |  |  | Year ended December 31, 2020
Transactions held: |  | Revenues |  |  | Finance costs (i) note 15 |  |  | Cost Sharing (note 21d) |  |  | Sublease (note 21f) |  |  | Revenues |  |  | Finance costs |  |  | Cost Sharing (note 21d) |  |  | Sublease (note 21f) |  |  | Revenues |  |  | Finance costs |  |  | Cost Sharing (note 21 d) |  |  | Sublease (note 21 f) |
Acel Administracao De Cursos Educacionais Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | 2,790 |  |  | - |  |  | - |  |  | - |  |  | 1,230 |  |  | - |  |  | - |  |  | - |
Centro Educacional Leonardo Da Vinci SS |  | - |  |  | - |  |  | - |  |  | - |  |  | 41 |  |  | - |  |  | - |  |  | - |  |  | 1,319 |  |  | - |  |  | - |  |  | - |
Cogna Educação S.A. |  | - |  |  | 36,573 |  |  | - |  |  | - |  |  | - |  |  | 25,859 |  |  | - |  |  | - |  |  | - |  |  | 48,432 |  |  | - |  |  | - |
Colégio Ambiental Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 496 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Colégio Cidade Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 146 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Colegio JAO Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,582 |  |  | - |  |  | - |  |  | - |  |  | 387 |  |  | - |  |  | - |  |  | - |
Colégio Manauara Lato Sensu Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,903 |  |  | - |  |  | - |  |  | - |  |  | 3,139 |  |  | - |  |  | - |  |  | - |
Colégio Manauara Cidade Nova Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 275 |  |  | - |  |  |  |  |  |  |  |  | - |  |  | - |  |  | - |  |  | - |
Colégio Motivo Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | 35 |  |  | - |  |  | - |  |  | - |  |  | 1,308 |  |  | - |  |  | - |  |  | - |
Colégio Visão Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 287 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Cursos e Colégio Coqueiros Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 268 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Ecsa Escola A Chave Do Saber Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | 593 |  |  | - |  |  | - |  |  | - |  |  | 657 |  |  | - |  |  | - |  |  | - |
Editora Atica S.A. |  | 16,286 |  |  | - |  |  | 5,757 |  |  | 8,551 |  |  | 5,374 |  |  | - |  |  | 6,130 |  |  | 13,153 |  |  | 7,287 |  |  | 229 |  |  | 11,989 |  |  | 15,364 |
Editora E Distribuidora Educacional SA. |  | - |  |  | - |  |  | 29,475 |  |  | - |  |  | - |  |  | - |  |  | 31,384 |  |  | - |  |  | 1,841 |  |  | - |  |  | 36,144 |  |  | 1,489 |
Editora Scipione SA. |  | 3,096 |  |  | - |  |  | - |  |  | - |  |  | 1,341 |  |  | - |  |  | - |  |  | - |  |  | 1,551 |  |  | - |  |  | - |  |  | - |
Escola Mater Christi |  | - |  |  | - |  |  | - |  |  | - |  |  | 311 |  |  | - |  |  | - |  |  | - |  |  | 246 |  |  | - |  |  | - |  |  | - |
Escola Riacho Doce Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 77 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Maxiprint Editora Ltda. |  | 6,665 |  |  | - |  |  | - |  |  | - |  |  | 1,107 |  |  | - |  |  | - |  |  | - |  |  | 612 |  |  | - |  |  | - |  |  | - |
Nucleo Brasileiro de Estudos Avancados Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 276 |  |  | - |  |  | - |  |  | - |  |  | 423 |  |  | - |  |  | - |  |  | - |
Papelaria Brasiliana Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 249 |  |  | - |  |  | - |  |  | - |  |  | 1,287 |  |  | - |  |  | - |  |  | - |
Saber Serviços Educacionais S.A. |  | 41 |  |  | - |  |  | - |  |  | - |  |  | 900 |  |  | - |  |  | - |  |  | - |  |  | 1,254 |  |  | 6,740 |  |  | - |  |  | 729 |
Saraiva Educacao SA. |  | 4,090 |  |  | - |  |  | - |  |  | 1,905 |  |  | 2,405 |  |  | - |  |  | - |  |  | 2,528 |  |  | 3,364 |  |  | - |  |  | - |  |  | 3,739 |
Sistema P H De Ensino Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | 4,417 |  |  | - |  |  | - |  |  | - |  |  | 5,776 |  |  | - |  |  | - |  |  | - |
Sociedade Educacional Alphaville SA |  | - |  |  | - |  |  | - |  |  | - |  |  | 414 |  |  | - |  |  | - |  |  | - |  |  | 317 |  |  | - |  |  | - |  |  | - |
Sociedade Educacional Doze De Outubro Ltda |  | - |  |  | - |  |  | - |  |  | - |  |  | 360 |  |  | - |  |  | - |  |  | - |  |  | 295 |  |  | - |  |  | - |  |  | - |
Sociedade Educacional Neodna Cuiaba Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | 224 |  |  | - |  |  | - |  |  | - |  |  | 367 |  |  | - |  |  | - |  |  | - |
SOE Operações Escolares SA. |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,086 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Somos Idiomas Ltda |  | 641 |  |  | - |  |  | - |  |  | 2,591 |  |  | - |  |  | - |  |  | - |  |  | 258 |  |  | - |  |  | - |  |  | - |  |  | - |
Somos Operações Escolares SA. |  | - |  |  | - |  |  | - |  |  | - |  |  | 243 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
SSE Serviços Educacionais Ltda. |  | 863 |  |  | - |  |  | - |  |  | - |  |  | 1,463 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |
Sociedade Educacional Paraná Ltda. |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 795 |  |  | - |  |  | - |  |  | - |
Sociedade Educacional Neodna Cuiaba Ltda. - EPP |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 367 |  |  | - |  |  | - |  |  | - |
Somos Educação S.A. |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 278 |  |  | - |  |  | - |
Others |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 362 |
|  | 31,682 |  |  | 36,573 |  |  | 35,232 |  |  | 13,047 |  |  | 28,663 |  |  | 25,859 |  |  | 37,514 |  |  | 15,939 |  |  | 33,822 |  |  | 55,679 |  |  | 48,133 |  |  | 21,683 |
(i) | Refers to debentures interest; see Note 15.
a. Suppliers and other arrangements with related parties In consequence to carve out process on December 31, 2019, Cogna’s associates also had some shared expenses such as property lease, expenses with personnel and software license, which continued even after the carve-out process was completed and still remain today. As of December 31, 2022, only shared expense transactions are part of these commitments, which amounted to R$54 (R$39,271 as of December 31, 2021). b. Indemnification asset In December 2019, the Company and Cogna Group signed the agreement to legally bind the indemnification from the seller in connection with the acquisition of Somos by the Cogna Group, in order to indemnify the Company for any and all losses that may be incurred in connection with all contingencies or lawsuits related to Somos-Anglo up to the maximum amount of R$ 180,417 as of December 31, 2022 (R$ 160,470 as of December 31, 2021). See Provision for risks of tax, civil and labor losses and judicial deposits and escrow account footnote (note 22). c. Trade receivables The Company and its subsidiaries provide learning systems, textbooks, and complementary educational solutions to the Cogna Group which substantially comprises schools, publishers, language schools and stationery shops. All sales and services provided are based on intercompany contracts and its commercial conditions, which include price, margin and payment terms, were determined on an arm’s length basis. d. Cost sharing agreements with related parties The Company expensed certain amounts based on an apportionment from Cogna Group related to shared services, including the shared service center, IT expenses, proprietary IT systems and legal and accounting activities, and shared warehouses and other logistic activities based on agreements. Those expenses, in the amount of R$ 35,232 as of December 31, 2022 (R$ 37,514 for the year ended December 31, 2021) are related to these apportionments. e. Brand and Copyrights sharing agreements with related parties In November and December 2019, the Company entered into brand and copyrights sharing agreements with related parties, as follows:
(i) | On November 6, 2019, the Company entered into a trademark license agreement (as amended in 2020) with EDE whereby the Company was granted at no cost rights to use related to the trademark “Pitágoras,” This agreement is valid for a period of 20 years, automatically and successively renewable for the same period.
(ii) | On November 11, 2019, the Company and EDE (Cogna Group’s Parent Company) entered into a copyright license agreement whereby EDE agreed to grant a license, at no cost, to the Company, for commercial exploitation and use of copyrights related to the educational platform materials. This agreement was valid for three years, and it has not been renewed.
(iii) | On December 6, 2019, the Company also entered into two trademark license agreements (as amended in 2020) whereby the rights to use related to certain trademarks, such as “Somos Educação”, “Editora Atica”, “Editora Scipione,” “Atual Editora,” “Par Plataforma Educacional,” “Sistema Maxi de Ensino,” “Bilingual Experience,” “English Stars” and “Rede Cristã de Educação,” were granted at no cost to certain related parties, this agreement is valid for a period of 20 years, automatically and successively renewable for the same period.
f. Lease and sublease agreements with related parties The Company and its related parties also shared the infrastructure of leased warehouses and other properties, which are direct expenses of the Cogna Group, The expenses related to these lease payments were recognized in the consolidated financial statements according to assumptions defined by Management based on utilization of these properties by the Company, However, as part of its corporate restructuring (Note 1), the Company entered into lease and sublease agreements with its related parties on December 5, 2019, to continue to share these leased warehouses and other properties, as follows: f,1 Commercial lease agreement
Lessee Entity | Counterparty to lease agreement (Lessor) | Monthly payments | Maturity | Rate | State of the property in use
Somos Sistemas de Ensino S.A. | Editora Scipione S.A. | R$44 | 60 months from the agreement date | Inflation index | Pernambuco (Recife)
Somos Sistemas de Ensino S.A. | Editora Ática S.A. | R$37 | 60 months from the agreement date | Inflation index | Bahia (Salvador)
f,2 Commercial sublease agreement
Entity (Sublessor) | Counterparty to the sublease agreement (Sublessee) | Monthly payments | Maturity | Rate | State of the property in use
Editora e Distribuidora Educacional S.A. (“EDE”) | Somos Sistemas de Ensino S.A. | R$ 430 | September 30, 2025. | Inflation index | São Paulo (São Paulo)
Somos Sistemas de Ensino S.A. | Editora Ática S.A. | R$827 | September 30, 2025. | Inflation index | São Paulo (São José dos Campos)
Somos Sistemas de Ensino S.A. | Somos Idiomas S.A. | R$ 53 | September 30, 2025. | Inflation index | São Paulo (São José dos Campos)
Somos Sistemas de Ensino S.A. | Saraiva Educação S.A (“Saraiva”) | R$ 207 | September 30, 2025. | Inflation index | São Paulo (São José dos Campos)
Somos Sistemas de Ensino S.A. | Livraria Livro Fácil Ltda,(“Livro Fácil”) | R$ 1,160 | September 30, 2025. | Inflation index | São Paulo (São José dos Campos)
Income from these lease and sublease agreements with related parties was recognized in the Consolidated Financial Statements as of December 31, 2022 in the amount of R$ 13,047 (R$ 15,939 for the year ended December 31, 2021). g. Compensation of key management personnel Key management personnel include the members of the Board of Directors, Audit Committee, the CEO and the vice-presidents, for which the nature of the tasks performed were related to the activities of the Company. For the year ended December 31, 2022, key management compensation, including charges and variable compensation amounted to R$ 20,426 (R$ 12,990 for the year ended December 31, 2021). The Audit Committee and Board of Directors were established in July 2020 as a result of the IPO. The following benefits are granted to the Company’s management members: healthcare plan, share-based compensation plan, discounts on monthly tuition of K-12 in the Cogna Group’s schools, besides discounts over the Company’ own products. See below the compensation of key management personnel by nature:
a) | Short term benefits - Short-term benefits include fixed compensation (salaries and fees, vacation, mandatory bonus, and “13th salary” bonus), payroll charges (Company share of contributions to social security – INSS) and variable compensation such as profit sharing, the short-term benefits, that included Bonus IPO. For the year ended December 31, 2022 amounted to R$ 10,786 (R$ 4,685 for the year ended December 31, 2021), including payroll charges.
b) | Long-term benefits - The Company also offered to certain key management personnel payment based on its restricted shares units – ILP, amounting to R$ 9,640 for the year ended December 31, 2022 (R$ 8,305 for the year ended December 31, 2021) including payroll charges.
The Key management personnel compensation expenses comprised the following:
| December 31, 2022 |  |  | December 31, 2021 |  |  | December 31, 2020 |
Short-term employee benefits | 10,786 |  |  | 4,685 |  |  | 6,982 |
Share-based compensation plan | 9,640 |  |  | 8,305 |  |  | 33,594 |
| 20,426 |  |  | 12,990 |  |  | 40,576 |
h. Guarantees related to finance On November 21, 2018, Mind Makers entered into a bank credit note in favor of Banco de Desenvolvimento de Minas Gerais SA - BDMG, for an aggregate amount of R$1,676 with maturity on November 15, 2026. A personal lien to secure this bank credit note was granted by certain individuals, including, our Chief Executive Officer. This liability was settled during 2022.

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2022-03-24 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS24_g13-24__IAS24_g13-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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