XML 106 R73.htm IDEA: XBRL DOCUMENT v3.23.1
Business Combinations (Details) - BRL (R$)
R$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Oct. 29, 2021
Aug. 01, 2021
May 27, 2021
Mar. 02, 2021
Current assets            
Cash and cash equivalents R$ 379 R$ 19,062        
Trade receivables 196 20,599 [1]        
Inventories [2]   4,534        
Prepayments   97        
Taxes recoverable 5 1,956        
Other receivables   192        
Total current assets 580 46,440        
Non-current assets            
Property, plant and equipment 72 2,011        
Other intangible assets   1,138        
Intangible assets - Customer Portfolio 3,834 83,589 [3]        
Intangible assets - Trade agreement [4]   247,622        
Intangible assets - Software 3,225 11,036 [5]        
Total non-current assets 7,131 345,396        
Total Assets 7,711 391,836        
Current liabilities            
Suppliers   1,300        
Salaries and social contributions 62 3,596        
Taxes payable 10 326        
Income tax and social contribution payable 80 5,265        
Provision for trade discount   15,000        
Other liabilities 12 1,700        
Total current liabilities 164 27,187        
Non-current liabilities            
Provision for tax, civil and labor losses 2,504 1,231        
Provision for trade discount   47,234        
Total non-current liabilities 2,504 48,465        
Total liabilities 2,668 75,652        
Net identifiable assets at fair value (A) 5,043 316,184        
Total Consideration transferred (B) 21,966 703,258        
Goodwill (B – A) 16,923 [6] 387,074 [7]        
Total            
Non-current assets            
Intangible assets - Software           R$ 11,036
Phidelis            
Current assets            
Cash and cash equivalents 162          
Trade receivables 65          
Taxes recoverable 1          
Total current assets 228          
Non-current assets            
Property, plant and equipment 0          
Intangible assets - Customer Portfolio 1,521          
Intangible assets - Software 523          
Total non-current assets 2,044          
Total Assets 2,272          
Current liabilities            
Salaries and social contributions 58          
Taxes payable 0          
Income tax and social contribution payable 0          
Other liabilities 0          
Total current liabilities 58          
Non-current liabilities            
Provision for tax, civil and labor losses 0          
Total non-current liabilities 0          
Total liabilities 58          
Net identifiable assets at fair value (A) 2,214          
Total Consideration transferred (B) 3,600          
Goodwill (B – A) [6] 1,386          
MVP            
Current assets            
Cash and cash equivalents 217          
Trade receivables 131          
Taxes recoverable 4          
Total current assets 352          
Non-current assets            
Property, plant and equipment 72          
Intangible assets - Customer Portfolio 2,313          
Intangible assets - Software 2,702          
Total non-current assets 5,087          
Total Assets 5,439          
Current liabilities            
Salaries and social contributions 4          
Taxes payable 10          
Income tax and social contribution payable 80          
Other liabilities 12          
Total current liabilities 106          
Non-current liabilities            
Provision for tax, civil and labor losses 2,504          
Total non-current liabilities 2,504          
Total liabilities 2,610          
Net identifiable assets at fair value (A) 2,829          
Total Consideration transferred (B) 18,366          
Goodwill (B – A) [6] R$ 15,537          
SEL            
Current assets            
Cash and cash equivalents   1,461        
Trade receivables [1]   0        
Inventories [2]   0        
Prepayments   0        
Taxes recoverable   0        
Other receivables   180        
Total current assets   1,641        
Non-current assets            
Property, plant and equipment   611        
Other intangible assets   0        
Intangible assets - Customer Portfolio [3]   18,783        
Intangible assets - Trade agreement [4]   0        
Intangible assets - Software [5]   1,296        
Total non-current assets   20,690        
Total Assets   22,331        
Current liabilities            
Suppliers   0        
Salaries and social contributions   1        
Taxes payable   17        
Income tax and social contribution payable   33        
Provision for trade discount   0        
Other liabilities   0        
Total current liabilities   51        
Non-current liabilities            
Provision for tax, civil and labor losses   0        
Provision for trade discount   0        
Total non-current liabilities   0        
Total liabilities   51        
Net identifiable assets at fair value (A)   22,280        
Total Consideration transferred (B)   65,000       R$ 65,000
Goodwill (B – A) [7]   42,720        
Redação Nota 1000            
Current assets            
Cash and cash equivalents   525        
Trade receivables [1]   1,327        
Inventories [2]   0        
Prepayments   0        
Taxes recoverable   0        
Other receivables   0        
Total current assets   1,852        
Non-current assets            
Property, plant and equipment   0        
Other intangible assets   1,099        
Intangible assets - Customer Portfolio [3]   0        
Intangible assets - Trade agreement [4]   0        
Intangible assets - Software [5]   5,692        
Total non-current assets   6,791        
Total Assets   8,643        
Current liabilities            
Suppliers   180        
Salaries and social contributions   124        
Taxes payable   207        
Income tax and social contribution payable   0        
Provision for trade discount   0        
Other liabilities   1,673        
Total current liabilities   2,184        
Non-current liabilities            
Provision for tax, civil and labor losses   0        
Provision for trade discount   0        
Total non-current liabilities   0        
Total liabilities   2,184        
Net identifiable assets at fair value (A)   6,459        
Total Consideration transferred (B)   11,387     R$ 11,387  
Goodwill (B – A) [7]   4,928        
EMME            
Current assets            
Cash and cash equivalents   637        
Trade receivables [1]   1,082        
Inventories [2]   0        
Prepayments   14        
Taxes recoverable   9        
Other receivables   0        
Total current assets   1,742        
Non-current assets            
Property, plant and equipment   128        
Other intangible assets   1        
Intangible assets - Customer Portfolio [3]   0        
Intangible assets - Trade agreement [4]   0        
Intangible assets - Software [5]   4,048        
Total non-current assets   4,177        
Total Assets   5,919        
Current liabilities            
Suppliers   13        
Salaries and social contributions   600        
Taxes payable   102        
Income tax and social contribution payable   0        
Provision for trade discount   0        
Other liabilities   2        
Total current liabilities   717        
Non-current liabilities            
Provision for tax, civil and labor losses   0        
Provision for trade discount   0        
Total non-current liabilities   0        
Total liabilities   717        
Net identifiable assets at fair value (A)   5,202        
Total Consideration transferred (B)   15,317   R$ 15,317    
Goodwill (B – A) [7]   10,115        
De Gouges            
Current assets            
Cash and cash equivalents   16,439        
Trade receivables [1]   18,190        
Inventories   4,534 [2] R$ 4,534      
Prepayments   83        
Taxes recoverable   1,947        
Other receivables   12        
Total current assets   41,205        
Non-current assets            
Property, plant and equipment   1,272        
Other intangible assets   38        
Intangible assets - Customer Portfolio [3]   64,806        
Intangible assets - Trade agreement   247,622 [4] 247,622      
Intangible assets - Software [5]   0        
Total non-current assets   313,738        
Total Assets   354,943        
Current liabilities            
Suppliers   1,107        
Salaries and social contributions   2,871        
Taxes payable   0        
Income tax and social contribution payable   5,232        
Provision for trade discount   15,000        
Other liabilities   25        
Total current liabilities   24,235        
Non-current liabilities            
Provision for tax, civil and labor losses   1,231        
Provision for trade discount   47,234        
Total non-current liabilities   48,465        
Total liabilities   72,700        
Net identifiable assets at fair value (A)   282,243        
Total Consideration transferred (B)   611,554 R$ 611,554      
Goodwill (B – A) [7]   R$ 329,311        
[1] Accounts receivable from customers comprise gross contractual amounts due of R$24,344, of which R$3,746 were uncollectible on the acquisition date. See Note 10e.
[2] As a result of the purchase price allocation, the Company identified R$ 4,534 in inventories (“De Gouges”), based on the expectation of sales of this inventory at around 33% per year.
[3] As a result of purchase price allocation, the Company identified R$ 18,783, customer portfolio (“SESI”), and R$ 64,806, customer portfolio (“De Gouges”) based on customer portfolio receivables expectation around 8% per year. See Note 14.
[4] As a result of the purchase price allocation, the Company identified R$ 247,622, a commercial agreement (“Eleva Holding”), which corresponds to the sale of teaching material from "De Gouges" to partner schools of "Eleva Holding" within 10 years, with an estimated sales rate of 10% per year.
[5] As a result of purchase price allocation, the Company identified R$ 11,036, Educational Software applied in the “SESI” learning system, Writing Correction Software for Education System “Redação Nota 1000” and software that produces digital marketing material solutions for schools “EMME”, all of them based on relief from royalties’ criteria (RIR) and each acquisition with its corresponding rate of net revenue by investment. See Note 14.
[6] Goodwill is recognized based on expected synergies from combining the operations of the acquirees and of the Company, as well as an expected increase in the Company’s market-share due to the penetration of the Company’s products and services in regions where the Company did not operate before. At the time of the acquisition, future tax deductibility is probable as certain actions, necessary to integrate the businesses from a tax perspective, are intended by management and considered feasible from a legal perspective.
[7] Goodwill is recognized based on expected synergies from combining the operations of the acquirees and of the acquiror, as well as an expected increase in the Company’s market-share due to the penetration of the Company’s products and services in regions where the Company did not operate before. Also, the current tax law allows the deductibility of the acquisition date goodwill and fair value of net assets acquired when a non-substantive action is taken after acquisition by the Company (i.e. when the Company merges or spins off the companies acquired) and therefore the tax and accounting bases of the net assets acquired are the same as of the acquisition date.