| (a) | Intangible assets are composed as follows: |
|
|
| December 31, 2017 |
| |||||||||
|
|
| Cost |
|
| Accumulated |
|
| Net |
| |||
| Expenditures related to software and technology (i) |
|
| 241,490 |
|
|
| (115,665 | ) |
|
| 125,825 |
|
| Software licenses |
|
| 9,510 |
|
|
| (2,043 | ) |
|
| 7,467 |
|
| Customer relationships |
|
| 1,981 |
|
|
| (91 | ) |
|
| 1,890 |
|
| Goodwill (ii) |
|
| 23,686 |
|
|
| - |
|
|
| 23,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
| 276,667 |
|
|
| (117,799 | ) |
|
| 158,868 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
December 31, 2016 |
| |||||||||
|
|
| Cost |
|
| Accumulated |
|
| Net |
| |||
| Expenditures related to software and technology (i) |
|
| 143,989 |
|
|
| (61,858 | ) |
|
| 82,131 |
|
| Software licenses |
|
| 5,393 |
|
|
| (1,416 | ) |
|
| 3,977 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
| 149,382 |
|
|
| (63,274 | ) |
|
| 86,108 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
(i) PagSeguro Group capitalizes the expenses incurred with the development of platforms, which are amortized over the useful lives, within a range from three to five years.
(ii) Goodwill provided on the acquisition of the companies R2TECH and BIVA as described in Note 10.
| (b) | The changes in cost and accumulated amortization were as follows: |
|
|
| Expenditures with |
|
| Software |
|
| Customer |
|
| Goodwill (ii) |
|
| Total |
| |||||
| At December 31, 2016 |
|
|
|
|
| |||||||||||||||
| Cost |
|
| 143,989 |
|
|
| 5,393 |
|
|
| - |
|
|
| - |
|
|
| 149,382 |
|
| Accumulated amortization |
|
| (61,858 | ) |
|
| (1,416 | ) |
|
| - |
|
|
| - |
|
|
| (63,274 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Net book value |
|
| 82,131 |
|
|
| 3,977 |
|
|
| - |
|
|
| - |
|
|
| 86,108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| At December 31, 2017 |
|
|
|
|
| |||||||||||||||
| Opening balance |
|
| 82,131 |
|
|
| 3,977 |
|
|
| - |
|
|
| - |
|
|
| 86,108 |
|
| Cost |
|
|
|
|
| |||||||||||||||
| Additions |
|
| 97,491 |
|
|
| 1,210 |
|
|
| 971 |
|
|
| 26,184 |
|
|
| 125,856 |
|
| Acquisition of subsidiary |
|
| 10 |
|
|
| 1,419 |
|
|
| - |
|
|
| - |
|
|
| 1,429 |
|
| Transfer |
|
| - |
|
|
| 1,488 |
|
|
| 1,010 |
|
|
| (2,498 | ) |
|
| - |
|
| Amortization |
|
|
|
|
| |||||||||||||||
| Amortization |
|
| (53,807 | ) |
|
| (627 | ) |
|
| (91 | ) |
|
| - |
|
|
| (54,526 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Net book value |
|
| 125,825 |
|
|
| 7,467 |
|
|
| 1,890 |
|
|
| 23,686 |
|
|
| 158,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| At December 31, 2017 |
|
|
|
|
| |||||||||||||||
| Cost |
|
| 241,490 |
|
|
| 9,510 |
|
|
| 1,981 |
|
|
| 23,686 |
|
|
| 276,667 |
|
| Accumulated amortization |
|
| (115,665 | ) |
|
| (2,043 | ) |
|
| (91 | ) |
|
| - |
|
|
| (117,799 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Net book value |
|
| 125,825 |
|
|
| 7,467 |
|
|
| 1,890 |
|
|
| 23,686 |
|
|
| 158,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |