Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

Schedule of property, plant and equipment

13 Property, plant and equipment

The cost, weighted average depreciation rates and accumulated depreciation are as follows:

		December 31, 2022				December 31, 2021
	Weighted average depreciation rate	Cost	Accumulated depreciation		Net book value	Cost	Accumulated depreciation		Net book value
IT equipment	10% - 33%	80,262	(43,294	)	36,968	44,181	(27,565	)	16,615
Furniture, equipment and fittings	10% - 33%	60,920	(36,818	)	24,102	38,116	(29,726	)	8,390
Property, buildings and improvements	5%-20%	53,027	(40,381	)	12,646	54,508	(36,636	)	17,872
In progress	-	4,494	-		4,494	677	-		677
Right of use assets	6%-33%	257,034	(137,948	)	119,086	251,694	(109,957	)	141,737
Land	-	391	-		391	391	-		391
Total		456,128	(258,441	)	197,688	389,567	(203,885	)	185,682

Changes in property, plant and equipment are as follows:

	IT equipment		Furniture, equipment and fittings		Property, buildings and improvements		In progress		Right of use assets ⁽ⁱ⁾		Land	Total
As of December 31, 2021	16,615		8,390		17,872		677		141,737		391	185,682
Additions	35,086		21,571		657		3,829		12,002		-	73,145
Additions through business combinations	54		12		-		6		-		-	72
Disposals / Cancelled contracts	-		(6	)	-		(18	)	(3,796	)	-	(3,820	)
Depreciation	(15,727	)	(5,379	)	(5,428	)	-		(30,857	)	-	(57,391	)
Transfers	941		(486	)	(455	)	-		-		-	-
As of December 31, 2022	36,968		24,102		12,646		4,494		119,086		391	197,688

(i)	Refers to recognition of new lease agreements of R$ 12,002 which the Company considers as part of its digital learning solutions through computer tablets that have been part of current learning system solutions. See the corresponding lease liabilities in Note 17.

	IT equipment		Furniture, equipment and fittings		Property, buildings and improvements		In progress		Right of use assets		Land		Total
As of December 31, 2020	1,479		9,908		19,978		315		159,873		453		192,006
Additions (i)	16,105		1,028		597		2,732		25,513		-		45,975
Additions through business combinations	1,041		835		135		-		-		-		2,011
Renegotiation (ii)	-		-		-		-		(12,439	)	-		(12,439	)
Disposals / Cancelled contracts	-		(124	)	-		-		(3,286	)	-		(3,410	)
Depreciation	(2,010	)	(3,319	)	(5,208	)	-		(27,924	)	-		(38,461	)
Transfers	-		62		2,370		(2,370	)	-		(62	)	-
As of December 31, 2021	16,615		8,390		17,872		677		141,737		391		185,682

(i)	Refers substantially to recognition of new lease agreements of R$ 25,513 which the Company considers as part of its digital learning solutions through computer tablets that have been part of current learning system solutions. See the corresponding lease liabilities in Note 17.
(ii)	The Company returned part of the São José dos Campos warehouse to the lessor in September 2021, maintaining the lease agreement and term, changing only in the subsequent lease installments leading to the reversal adjustments of the right-of-use asset and corresponding lease liabilities.

The Company assesses at each reporting date, whether there is an indication that a property, plant and equipment asset may be impaired. If any indication exists, the Company estimates the asset’s recoverable amount. There were no indications of impairment of property, plant and equipment as of December 31, 2022 and 2021.