PagSeguro Group estimates the fair value of its financial instruments using available market information and appropriate valuation methodologies for each situation.
The interpretation of market data, as regards the choice of methodologies, requires considerable judgment and the establishment of estimates to reach an amount considered appropriate to each situation. Therefore, the estimates presented may not necessarily indicate the amounts that could be obtained in the current market. The use of different hypotheses to calculate market value or fair value may have a material impact on the amounts obtained. The assets and liabilities presented in this note were selected based on their relevance.
PagSeguro Group believes that the financial instruments recognized in these consolidated financial statements at their carrying amount are substantially similar to their fair value. However, since they do not have an active market, variations could occur in the event PagSeguro Group were to decide to settle or realize them in advance.
PagSeguro Group classifies its financial instruments into the following categories:
|
|
| December 31, |
| |||||
|
|
| 2017 |
|
| 2016 |
| ||
| Financial assets |
|
| ||||||
| Measured at fair value through profit or loss: |
|
| ||||||
| Financial investments |
|
| 210,103 |
|
|
| 131,239 |
|
| Loans and receivables: |
|
| ||||||
| Cash and cash equivalents |
|
| 66,767 |
|
|
| 79,969 |
|
| Note receivables |
|
| 3,522,349 |
|
|
| 1,715,514 |
|
| Receivables from related parties |
|
| 124,723 |
|
|
| 300,809 |
|
| Other receivables |
|
| 27,956 |
|
|
| 4,495 |
|
|
|
|
|
|
|
|
|
| |
|
|
| 3,951,898 |
|
|
| 2,232,026 |
| |
|
|
|
|
|
|
|
|
| |
|
|
| December 31, |
| |||||
|
|
| 2017 |
|
| 2016 |
| ||
| Financial liabilities |
|
| ||||||
| Measured at fair value through profit or loss: |
|
| ||||||
| Derivative financial instruments |
|
| - |
|
|
| 6,613 |
|
|
|
|
|
|
|
|
|
| |
|
|
| - |
|
|
| 6,613 |
| |
|
|
|
|
|
|
|
|
| |
| Amortized cost: |
|
| ||||||
| Payables to third parties |
|
| 3,080,569 |
|
|
| 1,304,031 |
|
| Trade payables |
|
| 92,444 |
|
|
| 61,719 |
|
| Trade payables to related parties |
|
| 39,101 |
|
|
| 76,249 |
|
| Borrowings |
|
| - |
|
|
| 205,204 |
|
| Dividends payable and interest on own capital |
|
| - |
|
|
| 22,243 |
|
| Other payables |
|
| 15,872 |
|
|
| 15,244 |
|
|
|
|
|
|
|
|
|
| |
|
|
| 3,227,986 |
|
|
| 1,684,690 |
| |
|
|
|
|
|
|
|
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| |