Accounting policies (Tables)

12 Months Ended

Dec. 31, 2019

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Schedule of Exchange Rates of Real for Functional Currencies of Subsidiaries

The exchange rates of the Real (R$) for the functional currencies of its subsidiaries on December 31, 2019 and 2018 are:

Currency	December 31, 2019		December 31, 2018
United States dollar (U.S.$)		4.0307		3.8748
British pound (GBP)		5.3270		4.9617
Euro (EUR)		4.5305		4.4390

Summary of Total Impact on IFRS 9 Financial Instruments

The total impact on the Company’s financial position as of January 1, 2019 is as follows:

Assets
Current assets
Other current assets	1,526
Non-current assets
Other non-current assets	7,520
Deferred tax assets	41,709
Right-of-use assets	892,219
Current liabilities
Leases	(65,680	)
Non-current liabilities
Leases	(1,352,685	)
Equity
Retained earnings	475,391