v3.25.1
Property and Equipment, Net and Right-of-Use Assets, Net
 12 Months Ended
Dec. 31, 2024
Property and Equipment, Net and Right-of-Use Assets, Net [Abstract]  
Property and Equipment, Net and Right-of-Use Assets, Net

Note 10. Property and equipment, net and right-of-use assets, net

 

The balances of the fixed and right-of-use assets are presented as follows:

 

   December 31, 2024 
   Machinery
and
Equipment		   Furniture   Computers
and
Peripherals		   Facilities   Work in
Progress		   Leasehold
Improvements		   Right-of-Use
Asset		   Total 
Cost:                                
At January 1   108    809    3,826    229    47    320    3,190    8,529 
Additions   
-
    100    1,572    157    
-
    
-
    1,247    3,076 
Disposals   
-
    (11)   (147)   
-
    
-
    
-
    
-
    (158)
At December 31   108    898    5,251    386    47    320    4,437    11,447 
Accumulated depreciation:                                        
At January 1   (19)   (241)   (895)   (57)   
-
    (137)   (1,755)   (3,104)
Depreciation expense   (11)   (87)   (1,027)   (34)   
-
    (125)   (891)   (2,175)
Disposals   
-
    7    95    
-
    
-
    
-
    
-
    102 
At December 31   (30)   (321)   (1,827)   (91)   
-
    (262)   (2,646)   (5,177)
Net amount   78    577    3,424    295    47    58    1,791    6,270 
Depreciation period (in years)   3    10    5    10                     

 

   December 31, 2023 
   Machinery
and
Equipment		   Furniture   Computers
and
Peripherals		   Facilities   Vehicles   Work in
Progress		   Leasehold
Improvements		   Right-of-Use
Asset		   Total 
Cost:                                    
At January 1   108    556    2,871    272    (50)   47    204    3,143    7,151 
Additions   
-
    384    2,918    24    
-
    
-
    179    768    4,273 
Acquisitions   
-
    12    225    
-
    
-
    
-
    
-
    108    345 
Disposals   
-
    (143)   (2,188)   (67)   50    
-
    (63)   (829)   (3,240)
At December 31   108    809    3,826    229    
-
    47    320    3,190    8,529 
Accumulated depreciation:                                             
At January 1   (8)   (151)   (803)   (54)   50    
-
    (110)   (1,702)   (2,778)
Depreciation expense   (11)   (88)   (832)   (21)   
-
    
-
    (98)   (862)   (1,912)
Acquisitions   
-
    (2)   (63)   
-
    
-
    
-
    
-
         (65)
Disposals   
-
    
-
    803    18    (50)   
-
    71    809    1,651 
At December 31   (19)   (241)   (895)   (57)   
-
    
-
    (137)   (1,755)   (3,104)
Net amount   89    568    2,931    172    
-
    47    183    1,435    5,425 

 

   December 31, 2022 
   Machinery
and
Equipment		   Furniture   Computers
and
Peripherals		   Facilities   Vehicles   Work in
Progress		   Leasehold
Improvements		   Right-of-Use
Asset		   Total 
Cost:                                    
At January 1   50    548    1,849    272    (50)   62    127    3,030    5,888 
Additions   58    12    1,131    
-
    
-
    52    77    113    1,443 
Disposals   
-
    (4)   (109)   
-
    
-
    (67)   
-
    
-
    (180)
At December 31   108    556    2,871    272    (50)   47    204    3,143    7,151 
Accumulated depreciation:                                             
At January 1   
-
    (58)   (342)   (31)   44    
-
    (73)   (573)   (1,033)
Depreciation expense   (8)   (94)   (519)   (23)   
-
    
-
    (37)   (1,129)   (1,810)
Disposals   
-
    1    58    
-
    6    
-
    
-
    
-
    65 
At December 31   (8)   (151)   (803)   (54)   50    
-
    (110)   (1,702)   (2,778)
Net amount   100    405    2,068    218    
-
    47    94    1,441    4,373 

The Company tested its CGUs (cash-generating units) for impairment for the years ended December 31, 2024, 2023, and 2022. For further details, refer to note 11.

 

Right-of-use asset and lease liabilities

 

The Group leases commercial office space under rental agreements with terms that range between two and five years. Rental payments are generally fixed over the non-cancellable term of the lease and indexed to local inflation. The discount rate applied to lease agreements ranges from 10.5%—20% per annum for assets held, which represents the estimated incremental borrowing rate for the Company at the date of lease inception.

 

The Company applied judgment to determine the lease term of some contracts, considering the provisions of Brazilian Law No. 8,245 (tenant law), which grants the lessee the right to contract renewals when certain conditions are met, as well as past practices regarding the success of the Company in the renewal of their contracts. The assessment of whether the Company is reasonably certain to exercise these options has an impact on the lease term, which significantly affects the value of lease liabilities and right-of-use assets recognized.

 

The following tables show the changes in the right-of-use asset and lease liabilities:

 

Right-of-use asset:    
Balance as of January 1, 2022   2,457 
Additions   113 
Amortization   (1,129)
Balance as of December 31, 2022   1,441 
Additions   876 
Amortization   (862)
Disposals   (20)
Balance as of December 31, 2023   1,435 
Additions   1,247 
Amortization   (891)
Disposals   
-
 
Balance as of December 31, 2024   1,791 
Lease liabilities:     
Balance as of January 1, 2022   2,537 
Interest accrued   175 
Consideration paid   (1,238)
Remeasurement   113 
Balance as of December 31, 2022   1,587 
Interest accrued   316 
Additions   1,341 
Consideration paid   (1,053)
Cancellations   (710)
Remeasurement   38 
Balance as of December 31, 2023   1,519 
Interest accrued   227 
Additions   1,242 
Consideration paid   (1,101)
Remeasurement   4 
Balance as of December 31, 2024   1,891 

The following provides information regarding the timing of future contractual lease payments at December 31, 2024, and 2023:

 

   2024   2023 
Amounts payable under leases:        
Up to 1 year   959    912 
From 2 to 3 years   1,234    894 
Less: Interest to be appropriated   (302)   (287)
Present value of lease liabilities   1,891    1,519