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Intangible assets - Goodwill (Tables)
 12 Months Ended
Dec. 31, 2018
Intangible assets - Goodwill (Tables) [Abstract]  
Breakdown

Based on the assumptions described above, no impairment loss was recognized for goodwill at December 31, 2018, 2017 and 2016.

 

Thousand of reais

 

 

 

 

2018

2017

2016

 

 

 

 

 

 

 

 

Breakdown

 

 

 

 

 

 

 

Banco ABN Amro Real S.A. (Banco Real)

 

 

 

 

27,217,565

27,217,565

27,217,565

Olé Consignado (Current Company name of Banco Bonsucesso Consignado)

 

 

62,800

62,800

62,800

Super Pagamentos e Administração de Meios Eletrônicos Ltda. (Super)

 

 

13,050

13,050

13,050

Banco PSA Finance Brasil S.A.

 

 

 

 

1,557

1,557

-

Getnet Adquirência e Serviços para Meios de Pagamento S.A. (Santander Getnet)

 

 

1,039,304

1,039,304

1,039,304

BW Guirapá I S.A.

 

 

 

 

-

-

22,320

Ipanema Empreendimentos e Participações Ltda.

 

 

 

 

27,630

28,120

-

Santander Brasil Tecnologia S.A.

 

 

 

 

16,382

-

-

Others

 

 

 

 

-

1,860

-

Total

 

 

 

 

28,378,288

28,364,256

28,355,039
Main assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial Banking

 

 

 

 

 

2018

2017

2016

Main assumptions:

 

 

 

 

 

 

 

Basis of determining recoverable amounts

 

 

 

 Value in use: cash flows

Period of the projections of cash flows (1)

 

 

 

 

 5 years

 5 years

 5 years

Growth rate perpetual

 

 

 

 

5.1%

8.3%

8.0%

Discount rate (2)

 

 

 

 

13.6%

14.6%

15.2%

(1) The projections of cash flow are prepared using Management´s growth plans and internal budget, based on historical data, market expectations and conditions such as industry growth, interest rate and inflation.

(2) The discount rate is calculated based on the capital asset pricing model (CAPM). The discount rate before tax is 19.33% (2017 - 20.42% and 2016 - 20.23%).               

Changes of goodwill

The changes of goodwill in December 31, 2018, 2017 and 2016 were as follows:        

 

Thousand of reais

 

 

 

 

2018

2017

2016

 

 

 

 

 

 

 

 

Balance at beginning of the year

 

 

 

 

28,364,256

28,355,039

28,332,719

Additions (loss):

 

 

 

 

 

 

 

BW Guirapá (Note 3.c)

 

-

(22,320)

22,320

Banco PSA Finance Brasil S.A.

 

 

 

 

-

1,557

-

Ipanema Empreendimentos e Participações Ltda.

 

 

 

 

(490)

28,120

-

Santander Brasil Tecnologia S.A.

 

 

 

 

16,382

-

-

Others

 

 

 

 

(1,860)

1,860

-

Balance at end of the year

 

 

 

 

28,378,288

28,364,256

28,355,039