Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Significant Accounting Policies (Tables) [Abstract]

Financial assets and liabilities subject to ofsetting

The following table provides details of financial assets and liabilities subject to offsetting at December 31, 2018, 2017 and 2016:

Thousand of reais					2018
	Financial assets, gross		Financial assets offset in the balance sheet, gross	Financial assets offset in the balance sheet, net
Assets:
Derivatives		18,667,611	(304,165)	18,363,446
Repurchase agreements		44,836,491	-	44,836,491
	Financial liabilities, gross		Financial liabilities offset in the balance sheet, gross	Financial liabilities offset in the balance sheet, net
Liabilities:
Derivatives		18,771,000	(304,165)	18,466,835
Repurchase agreements		101,647,013	-	101,647,013
Thousand of reais					2017
	Financial assets, gross		Financial assets offset in the balance sheet, gross	Financial assets offset in the balance sheet, net
Assets:
Derivatives		17,262,888	-	17,262,888
Repurchase agreements		34,505,671	-	34,505,671
	Financial liabilities, gross		Financial liabilities offset in the balance sheet, gross	Financial liabilities offset in the balance sheet, net
Liabilities:
Derivatives		16,677,486	-	16,677,486
Repurchase agreements		97,421,579	-	97,421,579
Thousand of reais					2016
	Financial assets, gross		Financial assets offset in the balance sheet, gross	Financial assets offset in the balance sheet, net
Assets:
Derivatives		24,702,973	-	24,702,973
Repurchase agreements		47,528,393	-	47,528,393
	Financial liabilities, gross		Financial liabilities offset in the balance sheet, gross	Financial liabilities offset in the balance sheet, net
Liabilities:
Derivatives		20,236,615	-	20,236,615
Repurchase agreements		129,817,727	-	129,817,727

Tangible asset depreciation charge

The tangible asset depreciation charge is recognized in the consolidated income statement and is calculated basically using the following depreciation rates (based on the average years of estimated useful life of the various assets): 

		Annual Rate
Buildings for own use		4%
Furniture		10%
Fixtures		10%
Office and IT equipment		20%
Leasehold improvements	10% or up to contractual maturity