TELEFONICA BRASIL S.A. | CIK:0001066119 | 3

  • Filed: 3/19/2018
  • Entity registrant name: TELEFONICA BRASIL S.A. (CIK: 0001066119)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1066119/000129281418000755/0001292814-18-000755-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1066119/000129281418000755/viv-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001066119
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    • ifrs-full:DisclosureOfDeferredIncomeExplanatory

    19)  DEFERRED REVENUE

     

     

     

     

     

     

        

    12/31/17

        

    12/31/16

    Services and goods (1)

     

    301,292

     

    389,706

    Disposal of PP&E (2)

     

    165,162

     

    227,397

    Activation revenue (3)

     

    7,959

     

    44,914

    Customer loyalty program (4)

     

    50,354

     

    56,210

    Government grants (5)

     

    115,379

     

    133,300

    Other (6)

     

    83,052

     

    90,112

    Total

     

    723,198

     

    941,639

     

     

     

     

     

    Current

     

    372,561

     

    429,853

    Noncurrent

     

    350,637

     

    511,786

    (1)

    This refers mainly to the balances of revenues from recharging prepaid services, which are recognized in income as services are provided to customers. It includes the amount of the agreement the Company entered into for industrial use of its mobile network by a different SMP operator in Regions I, II and III of the general authorizations plan, which is intended solely for the rendering of SMP services by the operator for its customers.

    (2)

    Includes the net balances of the residual values from sale of non- strategic towers and rooftops, which are transferred to income as the conditions for recognition are fulfilled.

    (3)

    This refers to the deferred activation revenue (fixed) recognized in income over the estimated period in which a customer remains in the base.

    (4)

    This refers to points earned under the Company’s loyalty program, which enables customers to accumulate points by paying bills relating to use of services offered. The balance represents the Company’s estimate of customers exchanging points for goods and / or services in the future.

    (5)

    This refers to: i) government subsidy arising from funds obtained from BNDES credit lines to be used in the acquisition of domestic equipment, which have been amortized over the useful life cycle of the equipment; and ii) subsidies arising from projects related to state taxes, which are being amortized over the contractual period.

    (6)

    Includes mainly reimbursement for costs for leaving radio frequency sub-bands 2,500MHz to 2,690MHz due to cancellation of the Multichannel Multipoint Distribution Service (MMDS).