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v3.23.1

Bonds and financing (Tables) | 12 Months Ended
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Dec. 31, 2022
Bonds and financing |
Schedule of bonds and financing | The balance of bonds and financing comprises the following amounts:
| December 31, 2021 |  |  | Additions (i) |  |  | Payment of interest (ii) |  |  | Payment of principal (ii) |  |  | Interest accrued |  |  | Transaction cost of bonds |  |  | Transfers |  |  | December 31, 2022 |
Bonds with Related Parties | 264,673 |  |  | - |  |  | (33,921 | ) |  | (254,885 | ) |  | 36,573 |  |  | - |  |  | 50,885 |  |  | 63,325 |
Bonds | 16,581 |  |  | - |  |  | (58,425 | ) |  | - |  |  | 72,298 |  |  | 1,018 |  |  | (1,018 | ) |  | 30,454 |
Financing | 237 |  |  | - |  |  | (154 | ) |  | (759 | ) |  | 25 |  |  | - |  |  | 651 |  |  | - |
Current liabilities | 281,491 |  |  | - |  |  | (92,500 | ) |  | (255,644 | ) |  | 108,896 |  |  | 1,018 |  |  | 50,518 |  |  | 93,779 |
Bonds with Related Parties | 51,091 |  |  | 250,000 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (50,885 | ) |  | 250,206 |
Bonds | 497,993 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 1,018 |  |  | 499,011 |
Financing | 651 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (651 | ) |  | - |
Non-current liabilities | 549,735 |  |  | 250,000 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (50,518 | ) |  | 749,217 |
Total | 831,226 |  |  | 250,000 |  |  | (92,500 | ) |  | (255,644 | ) |  | 108,896 |  |  | 1,018 |  |  | - |  |  | 842,996 |
(i) | On September 28, 2022, the Company issued simple debentures not convertible into shares, subject to remunerative interest of 100% of the CDI, plus a spread of 2.40% per year, in the total amount of R$250,000. The debentures aim to strengthen the Company's capital structure and lengthen the maturity profile of the debt, whose average term has become 37 months.
(ii) | We present below the composition of interest and principal payments considering the issues made:
| December 31, 2020 |  |  | Additions (ii) |  |  | Payment of interest (i) |  |  | Payment of principal (i) |  |  | Interest accrued |  |  | Transaction cost of bonds |  |  | Transfers |  |  | December 31, 2021 |
Bonds with related parties | 502,743 |  |  | - |  |  | (24,873 | ) |  | (477,564 | ) |  | 25,859 |  |  | - |  |  | 238,509 |  |  | 264,673 |
Bonds | - |  |  | - |  |  | - |  |  | - |  |  | 17,574 |  |  | (993 | ) |  | - |  |  | 16,581 |
Financing | 139 |  |  | - |  |  | (49 | ) |  | (177 | ) |  | 116 |  |  | - |  |  | 208 |  |  | 237 |
Current liabilities | 502,882 |  |  | - |  |  | (24,922 | ) |  | (477,741 | ) |  | 43,549 |  |  | (993 | ) |  | 238,717 |  |  | 281,491 |
Bonds with related parties(i) | 289,600 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (238,509 | ) |  | 51,091 |
Bonds | - |  |  | 500,000 |  |  | - |  |  | - |  |  | - |  |  | (2,007 | ) |  | - |  |  | 497,993 |
Financing | 859 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (208 | ) |  | 651 |
Non-current liabilities | 290,459 |  |  | 500,000 |  |  | - |  |  | - |  |  | - |  |  | (2,007 | ) |  | (238,717 | ) |  | 549,735 |
Total | 793,341 |  |  | 500,000 |  |  | (24,922 | ) |  | (477,741 | ) |  | 43,549 |  |  | (3,000 | ) |  | - |  |  | 831,226 |
(i) | On March 15, 2021, the Company, substantially settled bonds with related parties amounting to R$ 100,000 and R$ 1,488, in principal and interest, respectively as follows: 5 th Issuance, 1 st series – R$ 101,488. In addition, the Company settled only interest on the following bonds: 5 th Issuance, 2 nd series – R$ 1,451, 6 th Issuance, 2 nd series – R$ 3,613 and 7 th Issuance, single series – R$ 5,663. This measure is part of a commitment with shareholders as a result of the IPO.
| On May 31, 2021, the Company partially settled bonds with related parties amounting to R$ 188,000, of principal of the 7 th issuance single series.
| On August 6, 2021, the Company settled the remaining 7 th issuance with related parties in the amounts of R$189,564 and R$5,871, as principal and interest. In addition, the Company settled only interest on the following bonds: 5 th Issuance, 2 nd series – R$ 2,029 and 6 th Issuance, 2 nd series – R$ 4,758.
| Regarding the financing with Banco de Desenvolvimento de Minas Gerais SA - BDMG, the Company pays monthly the amount of R$ 15 and R$ 4, respectively, of principal and interest, totaling on December 31, 2021 an amount of R$177 and R$49, respectively, of principal and interest
(ii) | On August 6, 2021, the Company´s subsidiary Somos Sistemas de Ensino S.A. issued R$ 500 million in simple debentures not convertible into shares, subject to compensatory interest of 100% of DI Interest Deposit rate (CDI), plus spread of 2.30% per year. The debentures are aimed at reinforcing the Company’s capital structure and elongating the debt maturity profile, which average maturity now stands at 35 months.
Schedule of composition of interest and principal payments of bonds and financing |
Emission |  | Payments |  |  | Interest |  |  | Principal |
SSED21 – 6th. SOMOS – 2nd. Série |  | 02/15/2022 and 08/11/2022 |  |  | (10,792 | ) |  | (50,885 | )
SEDU21 – 7th. SOMOS 2nd. Série |  | 02/15/2022 and 08/11/2022 |  |  | (23,129 | ) |  | (204,000 | )
GAGL11 – Somos Sistemas |  | 02/07/2022 and 08/05/2022 |  |  | (58,425 | ) |  | - |
Financing |  | 06/22/2022 |  |  | (154 | ) |  | (759 | )
|  | Total |  |  | (92,500 | ) |  | (255,644 | )
Schedule of bonds' description |
Subscriber | Related Parties |  | Related Parties |  | Third parties
Issuance | 5th |  | 9th |  | 1st
Series | 2 nd Series |  | 2nd Series |  | Single Series
Date of issuance | 08/15/2018 |  | 09/28/2022 |  | 08/06/2021
Maturity Date | 08/15/2023 |  | 09/28/2025 |  | 08/05/2024
First payment after | 60 months |  | 36 months |  | 35 months
Remuneration payment | Semi-annual interest |  | Semi-annual interest |  | Semi-annual interest
Financials charges | CDI + 1.00% p.a. |  | CDI + 2.40% p.a. |  | CDI + 2.30% p.a.
Principal amount (in millions of R$) | 100 |  | 250 |  | 500
Schedule of bonds and financing maturities |
Maturity of installments |  | December 31, 2022 |  | % |  | December 31, 2021 |  | %
2023 |  | 93,779 |  | 11.1 |  | 281,491 |  | 33.9
2024 |  | 499,217 |  | 59.2 |  | 51,063 |  | 6.1
2025 |  | 250,000 |  | 29.7 |  | 498,672 |  | 60.0
Total non-current liabilities |  | 749,217 |  | 88.9 |  | 549,735 |  | 66.1
|  | 842,996 |  | 100.0 |  | 831,226 |  | 100.0

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