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v3.23.1

Provision for tax, civil and labor losses and Judicial deposits and escrow accounts (Tables) | 12 Months Ended
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Dec. 31, 2022
Provision for tax, civil and labor losses and Judicial deposits and escrow accounts |
Schedule of contingent liabilities |
| December 31, 2022 |  |  | December 31, 2021 |
Proceedings whose likelihood of loss is probable |  |  |  |  |
Tax proceedings (i) | 622,440 |  |  | 607,084 |
Labor proceedings (ii) | 25,812 |  |  | 38,159 |
Civil proceedings | 496 |  |  | 376 |
| 648,748 |  |  | 645,619 |
Liabilities assumed in Business Combination |  |  |  |  |
Labor proceedings (ii) | 1,755 |  |  | - |
Civil proceedings | - |  |  | 1,231 |
Tax proceedings | 749 |  |  | - |
| 2,504 |  |  | 1,231 |
Total of provision for tax, civil and labor losses | 651,252 |  |  | 646,850 |
(i) Primarily refers to income tax positions taken by Somos and the Company in connection with a corporate restructuring held by the predecessor in 2010, In 2018, given a tax assessment via an Infraction Notice received by the predecessor for certain periods opened for tax audit coupled with unfavorable case law on a similar tax case also reached in 2018, the Company reassessed this income tax position and recorded a liability, including interest and penalties. (ii) The Company is a party to labor demands, which mostly refer to proportional vacation, salary difference, night shift premium, overtime and social charges, among others. There are no individual labor demands with material amounts that require specific disclosure.
Schedule of changes in provision for contingent liabilities | The changes in provision for the years ended December 31, 2022 and 2021 were as follows:
|  | December 31, 2021 |  |  | Business combination |  |  | Additions |  |  | Reversals |  |  | Interest |  |  | Payments |  |  | Decem ber 31, 2022 |
Tax proceedings |  | 607,084 |  |  | 749 |  |  | 2,904 |  |  | (27,790 | ) |  | 41,261 |  |  | (1,019 | ) |  | 623,189 |
Labor proceedings |  | 38,159 |  |  | 1,755 |  |  | 3,376 |  |  | (16,045 | ) |  | 776 |  |  | (454 | ) |  | 27,567 |
Civil proceedings |  | 1,607 |  |  | - |  |  | 368 |  |  | (1,615 | ) |  | 26 |  |  | 110 |  |  | 496 |
Total |  | 646,850 |  |  | 2,504 |  |  | 6,648 |  |  | (45,450 | ) |  | 42,063 |  |  | (1,363 | ) |  | 651,252 |
Reconciliation with profit or loss for the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance expense |  |  |  |  |  |  |  | - |  |  | - |  |  | (42,063 | ) |  |  |  |  |  |
General and administrative expenses |  |  |  |  |  |  |  | (6,648 | ) |  | 21,747 |  |  | - |  |  |  |  |  |  |
Income tax and social contribution |  |  |  |  |  |  |  | - |  |  | 23,703 |  |  | - |  |  |  |  |  |  |
Total |  |  |  |  |  |  |  | (6,648 | ) |  | 45,450 |  |  | (42,063 | ) |  |  |  |  |  |
| December 31, 2020 |  |  | Business combination |  |  | Additions |  |  | Reversals |  |  | Interest |  |  | Payments |  |  | December 31, 2021 |
Tax proceedings | 575,724 |  |  | - |  |  | 16 |  |  | (262 | ) |  | 31,623 |  |  | (17 | ) |  | 607,084 |
Labor proceedings | 37,896 |  |  | - |  |  | 3,468 |  |  | (5,294 | ) |  | 2,636 |  |  | (547 | ) |  | 38,159 |
Civil proceedings | 313 |  |  | 1,231 |  |  | 110 |  |  | (24 | ) |  | 41 |  |  | (64 | ) |  | 1,607 |
Total | 613,933 |  |  | 1,231 |  |  | 3,594 |  |  | (5,580 | ) |  | 34,300 |  |  | (628 | ) |  | 646,850 |
Reconciliation with profit or loss for the period |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finance costs |  |  |  |  |  |  | - |  |  | - |  |  | (34,300 | ) |  |  |  |  |  |
General and administrative expenses |  |  |  |  |  |  | (3,594 | ) |  | 5,580 |  |  | - |  |  |  |  |  |  |
Total |  |  |  |  |  |  | (3,594 | ) |  | 5,580 |  |  | (34,300 | ) |  |  |  |  |  |
Schedule of judicial deposits and escrow accounts |
| December 31, 2022 |  |  | December 31, 2021 |
Tax proceedings | 2,126 |  |  | 2,300 |
Indemnification asset -Former owner | 1,801 |  |  | 1,998 |
Indemnification asset – Related parties (i) | 180,417 |  |  | 160,470 |
Escrow-account (ii) | 10,515 |  |  | 14,055 |
| 194,859 |  |  | 178,824 |
(i) Refers to an indemnification asset of the seller in connection with the acquisition of Somos (Vasta’s Predecessor) by Cogna Group (Vasta’s Parent Company) and recognized at the date of the business combination, in order to indemnify the Company for all losses that may be incurred in connection with all contingencies or lawsuits, substantially tax proceedings related to business combinations up to the maximum amount of R$180,417 (R$ 160,470 on December 31, 2021). See Note 21. This asset is indexed to CDI (Certificates of Interbank Deposits). (ii) Refers to guarantees received as a consequence of business combinations, in connection with contingencies whose likelihood of loss is probable, and for which the former owners are liable. According to the Sale Agreement, these former owners will reimburse the Company in case payments are required and if those contingencies materialize.

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