PROVISION FOR EMPLOYEE BENEFITS (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| PROVISION FOR EMPLOYEE BENEFITS |
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| Summary of short term provision for employee benefits |
| | | | | | | 2024 | | 2023 | | | | | | Provision for personnel bonus | | 405,791 | | 290,998 | Provision for unused vacation | | 116,333 | | 126,848 | | | | | | | | 522,124 | | 417,846 |
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| Summary of movements in provisions for personnel bonus and unused vacation |
| | | | | | | | | | | | | | | Current | | Paid | | | | | | | 1 January | | year | | during | | Monetary | | 31 December | | | 2024 | | charge | | the year | | gain | | 2024 | | | | | | | | | | | | Personnel bonus | | 290,998 | | 459,019 | | (272,718) | | (71,508) | | 405,791 | Unused vacation | | 126,848 | | 41,712 | | (8,861) | | (43,366) | | 116,333 | | | | | | | | | | | | | | 417,846 | | 500,731 | | (281,579) | | (114,874) | | 522,124 |
| | | | | | | | | | | | | | | Current | | Paid | | | | | | | 1 January | | year | | during | | Monetary | | 31 December | | | 2023 | | charge | | the year | | gain | | 2023 | | | | | | | | | | | | Personnel bonus | | 285,432 | | 372,066 | | (253,671) | | (112,829) | | 290,998 | Unused vacation | | 85,851 | | 113,671 | | (16,222) | | (56,452) | | 126,848 | | | | | | | | | | | | | | 371,283 | | 485,737 | | (269,893) | | (169,281) | | 417,846 |
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| Summary of long term provision for employee benefits |
| | | | | | | 2024 | | 2023 | | | | | | Provision for post-employment benefits | | 153,780 | | 150,563 | | | | | | | | 153,780 | | 150,563 |
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| Summary of actuarial assumptions used in the calculation of the total liability |
| | | | | | | 2024 | | 2023 | | | | | | Discount rate (%) | | 3.00 | | 2.46 | Probability of retirement (%) | | 74.65 | | 74.63 |
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| Summary of movements in provision for the post-employment benefit |
| | | | | | | 2024 | | 2023 | | | | | | At 1 January | | 150,563 | | 39,151 | Charge for the year | | 48,252 | | 65,236 | Interest cost | | 21,504 | | 17,990 | Actuarial losses | | 22,071 | | 108,441 | Payments during the year | | (35,363) | | (29,923) | Monetary gain | | (53,247) | | (50,332) | | | | | | At 31 December | | 153,780 | | 150,563 |
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| Schedule of restricted stock unit activity |
| | | | | | | | | Weighted average | | | Number of units | | grant date fair value | Outstanding as of 31 December 2023 | | 2,835,380 | | 324.74 | | | | | | Units granted | | 2,367,881 | | 98.34 | Units vested | | (2,632,362) | | 68.36 | Units forfeited (vested) | | (83,945) | | 44.17 | | | | | | Outstanding as of 31 December 2024 | | 2,486,954 | | 442.59 |
| | | | | | | | | Weighted average | | | Number of units | | grant date fair value | Outstanding as of 31 December 2022 | | 1,766,235 | | 294.20 | | | | | | Units granted | | 2,726,388 | | 56.39 | Units vested | | (1,631,405) | | 94.17 | Units forfeited (not yet vested) (*) | | (25,838) | | 32.34 | | | | | | Outstanding as of 31 December 2023 | | 2,835,380 | | 324.74 |
(*) | Forfeited but not yet vested units consist of units granted on 9 December 2022 and forfeited before vesting period. |
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| Scheduled vesting of outstanding restricted stock units |
| | | | | | | 2024 | | 2023 | 2024 | | — | | 1,639,156 | 2025 | | 1,792,403 | | 857,167 | 2026 | | 653,423 | | 319,632 | 2027 | | 41,128 | | 19,425 | | | | | | Total | | 2,486,954 | | 2,835,380 |
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