DOEPE 28/03/2019 - Pág. 37 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 28 de março de 2019
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCVI • NÀ 59 - 37
SER EDUCACIONAL S.A. - CNPJ nº 04.986.320/0001-13
27. Lucro básico e diluído por ação: 2OXFUREiVLFRSRUDomRpFDOFXODGRPHGLDQWHDGLYLVmRGROXFURDWULEXtYHODRVDFLRQLVWDVGDVRFLHGDGHSHODTXDQWLGDGHPpGLDSRQGHUDGDGHDo}HVRUGLQiULDVHPLWLGDVGXUDQWHRH[HUFtFLR$&RPSDQKLDQmRSRVVXLDo}HVRUGLQiULDV
potenciais com efeitos diluidores.
2018
2017
/XFURGRH[HUFtFLRDWULEXtYHODRVDFLRQLVWDVGD&RQWURODGRUD
4XDQWLGDGHPpGLDSRQGHUDGDGHDo}HVRUGLQiULDVHPFLUFXODomR PLOKDUHV
/XFUREiVLFRHGLOXtGRSRUDomR5
28. Seguros: $VFREHUWXUDVGHVHJXURVHPGHGH]HPEURGHIRUDPFRQWUDWDGDVSHORVPRQWDQWHVDVHJXLULQGLFDGRVFRQVRDQWH
apólices de seguros:
Ramos
Coberturas (Em milhares)
'DQRVPDWHULDLVDRLPRELOL]DGR SUpGLRVHTXLSDPHQWRV
5
&DVFR$HURQiXWLFRH5HVSRQVDELOLGDGHFLYLO
86
5(7$$HURQiXWLFR3DVVDJHLURV7ULSXODQWHVHWHUFHLURVQRVROR
5
5HVSRQVDELOLGDGH&LYLOFRPWHUFHLURV
5
)URWD'DQRVPDWHULDLVFRUSRUDLVHGHREMHWRVWUDQVSRUWDGRV
)LSH
5HVSRQVDELOLGDGHFLYLOGRVDGPLQLVWUDGRUHV
5
Seção F - Políticas contábeis: 29. Resumo das políticas contábeis: $VSULQFLSDLVSROtWLFDVFRQWiEHLVDSOLFDGDVQDSUHSDUDomRGHVVDV
GHPRQVWUDo}HV¿QDQFHLUDVHVWmRGH¿QLGDVDEDL[R(VVDVSROtWLFDVIRUDPDSOLFDGDVGHPRGRFRQVLVWHQWHQRVH[HUFtFLRVDSUHVHQWDGRV
VDOYRGLVSRVLomRHPFRQWUiULR29.1. Consolidação:$VVHJXLQWHVSROtWLFDVFRQWiEHLVVmRDSOLFDGDVQDHODERUDomRGDVGHPRQVWUDo}HV
¿QDQFHLUDVFRQVROLGDGDV(a) Controladas: &RQWURODGDVVmRWRGDVDVHQWLGDGHVQDVTXDLVR*UXSRGHWpPRFRQWUROH$VFRQWURODGDVVmR
WRWDOPHQWHFRQVROLGDGDVDSDUWLUGDGDWDHPTXHRFRQWUROHpWUDQVIHULGRSDUDR*UXSR$FRQVROLGDomRpLQWHUURPSLGDDSDUWLUGDGDWDHP
TXHR*UXSRGHL[DGHWHURFRQWUROH2VDWLYRVLGHQWL¿FiYHLVDGTXLULGRVHRVSDVVLYRVHSDVVLYRVFRQWLQJHQWHVDVVXPLGRVSDUDDDTXLVLomR
GHFRQWURODGDVHPXPDFRPELQDomRGHQHJyFLRVVmRPHQVXUDGRVLQLFLDOPHQWHSHORVYDORUHVMXVWRVQDGDWDGDDTXLVLomR2*UXSRUHFRQKHFHDSDUWLFLSDomRQmRFRQWURODGRUDQDDGTXLULGDWDQWRSHORVHXYDORUMXVWRFRPRSHODSDUFHODSURSRUFLRQDOGDSDUWLFLSDomRQmRFRQWURODGDQRYDORUMXVWRGHDWLYRVOtTXLGRVGDDGTXLULGD$PHQVXUDomRGDSDUWLFLSDomRQmRFRQWURODGRUDpGHWHUPLQDGDHPFDGDDTXLVLomR
UHDOL]DGD&XVWRVUHODFLRQDGRVFRPDTXLVLomRVmRFRQWDELOL]DGRVQRUHVXOWDGRGRH[HUFtFLRFRQIRUPHLQFRUULGRV7UDQVDo}HVVDOGRVH
JDQKRVQmRUHDOL]DGRVHPWUDQVDo}HVHQWUHHPSUHVDVGR*UXSRVmRHOLPLQDGRV2VSUHMXt]RVQmRUHDOL]DGRVWDPEpPVmRHOLPLQDGRVD
PHQRVTXHDRSHUDomRIRUQHoDHYLGrQFLDVGHXPDSHUGD impairment GRDWLYRWUDQVIHULGR$VSROtWLFDVFRQWiEHLVGDVFRQWURODGDVVmR
DOWHUDGDV TXDQGR QHFHVViULR SDUD DVVHJXUDU D FRQVLVWrQFLD FRP DV SROtWLFDV DGRWDGDV SHOR *UXSR 29.2. Caixa e equivalentes de
caixa: &DL[DHHTXLYDOHQWHVGHFDL[DLQFOXHPRFDL[DRVGHSyVLWRVEDQFiULRVHRXWURVLQYHVWLPHQWRVGHFXUWRSUD]RGHDOWDOLTXLGH]FRP
YHQFLPHQWRVRULJLQDLVGHDWpWUrVPHVHVHFRPULVFRLQVLJQL¿FDQWHGHPXGDQoDGHYDORU $WLYRVHSDVVLYRV¿QDQFHLURV. 29.3.1
5HFRQKHFLPHQWRLQLFLDOHPHQVXUDomRGHDWLYRV¿QDQFHLURV $WLYRV¿QDQFHLURVVmRFODVVL¿FDGRVQRUHFRQKHFLPHQWRLQLFLDOFRPR
VXEVHTXHQWHPHQWHPHQVXUDGRVDRFXVWRDPRUWL]DGRDRYDORUMXVWRSRUPHLRGHRXWURVUHVXOWDGRVDEUDQJHQWHVHDRYDORUMXVWRSRUPHLR
GRUHVXOWDGR$FODVVL¿FDomRGRVDWLYRV¿QDQFHLURVQRUHFRQKHFLPHQWRLQLFLDOGHSHQGHGDVFDUDFWHUtVWLFDVGRVÀX[RVGHFDL[DFRQWUDWXDLV
GRDWLYR¿QDQFHLURHGRPRGHORGHQHJyFLRVGR*UXSRSDUDDJHVWmRGHVVHVDWLYRV¿QDQFHLURV7RGRVRVDWLYRV¿QDQFHLURVVmRUHFRQKHFLGRVDYDORUMXVWRDFUHVFLGRQRFDVRGHDWLYRV¿QDQFHLURVQmRFRQWDELOL]DGRVDYDORUMXVWRSRUPHLRGRUHVXOWDGRGRVFXVWRVGHWUDQVDomRTXHVmRDWULEXtYHLVjDTXLVLomRGRDWLYR¿QDQFHLUR0HQVXUDomRVXEVHTXHQWH: 3DUD¿QVGHPHQVXUDomRVXEVHTXHQWHRVDWLYRV¿QDQFHLURVVmRFODVVL¿FDGRVHPTXDWURFDWHJRULDV $WLYRV¿QDQFHLURVDRFXVWRDPRUWL]DGR $WLYRV¿QDQFHLURVDRYDORUMXVWRSRUPHLRGH
RXWURVUHVXOWDGRVDEUDQJHQWHVFRPUHFODVVL¿FDomRGHJDQKRVHSHUGDVDFXPXODGDV LQVWUXPHQWRVGHGtYLGD $WLYRV¿QDQFHLURVGHVLJQDGRVDRYDORUMXVWRSRUPHLRGHRXWURVUHVXOWDGRVDEUDQJHQWHVVHPUHFODVVL¿FDomRGHJDQKRVHSHUGDVDFXPXODGDVQRPRPHQWRGHVHX
GHVUHFRQKHFLPHQWR LQVWUXPHQWRVSDWULPRQLDLV H$WLYRV¿QDQFHLURVDRYDORUMXVWRSRUPHLRGRUHVXOWDGR2*UXSRQmRSRVVXLDWLYRV
¿QDQFHLURVFODVVL¿FDGRVQDVFDWHJRULDVGHDWLYRV¿QDQFHLURVDRYDORUMXVWRSRUPHLRGHRXWURVUHVXOWDGRVDEUDQJHQWHVFRPUHFODVVL¿FDomRGHJDQKRVHSHUGDVDFXPXODGDV LQVWUXPHQWRVGHGtYLGD HDWLYRV¿QDQFHLURVGHVLJQDGRVDRYDORUMXVWRSRUPHLRGHRXWURVUHVXOWDGRV
DEUDQJHQWHVVHPUHFODVVL¿FDomRGHJDQKRVHSHUGDVDFXPXODGDVQRPRPHQWRGHVHXGHVUHFRQKHFLPHQWR LQVWUXPHQWRVSDWULPRQLDLV
$WLYRV¿QDQFHLURVDRFXVWRDPRUWL]DGR 2*UXSRPHQVXUDRVDWLYRV¿QDQFHLURVDRFXVWRDPRUWL]DGRVHDPEDVDVVHJXLQWHV
FRQGLo}HVIRUHPDWHQGLGDV 2DWLYR¿QDQFHLURIRUPDQWLGRGHQWURGHPRGHORGHQHJyFLRVFXMRREMHWLYRVHMDPDQWHUDWLYRV¿QDQFHLURV
FRPR¿PGHUHFHEHUÀX[RVGHFDL[DFRQWUDWXDLV H2VWHUPRVFRQWUDWXDLVGRDWLYR¿QDQFHLURGHUHPRULJHPHPGDWDVHVSHFL¿FDGDVD
ÀX[RVGHFDL[DTXHFRQVWLWXDPH[FOXVLYDPHQWHSDJDPHQWRVGHSULQFLSDOHMXURVVREUHRYDORUGRSULQFLSDOHPDEHUWR2VDWLYRV¿QDQFHLURVDRFXVWRDPRUWL]DGRVmRVXEVHTXHQWHPHQWHPHQVXUDGRVXVDQGRRPpWRGRGHMXURVHIHWLYRVHHVWmRVXMHLWRVDUHGXomRDRYDORUUHFXSHUiYHO*DQKRVHSHUGDVVmRUHFRQKHFLGRVQRUHVXOWDGRTXDQGRRDWLYRpEDL[DGRPRGL¿FDGRRXDSUHVHQWDUHGXomRDRYDORUUHFXSHUiYHO2VDWLYRV¿QDQFHLURVGR*UXSRDRFXVWRDPRUWL]DGRLQFOXHPFDL[DHHTXLYDOHQWHVGHFDL[DFRQWDVDUHFHEHUGHFOLHQWHVHGHSyVLWRV
HEORTXHLRVMXGLFLDLV $WLYRV¿QDQFHLURVDRYDORUMXVWRSRUPHLRGRUHVXOWDGR $WLYRV¿QDQFHLURVDRYDORUMXVWRSRUPHLRGR
UHVXOWDGRFRPSUHHQGHPDWLYRV¿QDQFHLURVPDQWLGRVSDUDQHJRFLDomRDWLYRV¿QDQFHLURVGHVLJQDGRVQRUHFRQKHFLPHQWRLQLFLDODRYDORU
MXVWRSRUPHLRGRUHVXOWDGRRXDWLYRV¿QDQFHLURVDVHUREULJDWRULDPHQWHPHQVXUDGRVDRYDORUMXVWR$WLYRV¿QDQFHLURVVmRFODVVL¿FDGRV
FRPRPDQWLGRVSDUDQHJRFLDomRVHIRUHPDGTXLULGRVFRPRREMHWLYRGHYHQGDRXUHFRPSUDQRFXUWRSUD]R$WLYRV¿QDQFHLURVFRPÀX[RV
GHFDL[DTXHQmRVHMDPH[FOXVLYDPHQWHSDJDPHQWRVGRSULQFLSDOHMXURVVmRFODVVL¿FDGRVHPHQVXUDGRVDRYDORUMXVWRSRUPHLRGRUHVXOWDGRLQGHSHQGHQWHPHQWHGRPRGHORGHQHJyFLRV$WLYRV¿QDQFHLURVDRYDORUMXVWRSRUPHLRGRUHVXOWDGRVmRDSUHVHQWDGRVQREDODQoRSDWULPRQLDOSHORYDORUMXVWRFRPDVYDULDo}HVOtTXLGDVGRYDORUMXVWRUHFRQKHFLGDVQDGHPRQVWUDomRGRUHVXOWDGR2VDWLYRV¿QDQFHLURV
GR*UXSRFODVVL¿FDGRVYDORUMXVWRSRUPHLRGRUHVXOWDGRLQFOXHPWtWXORVHYDORUHVPRELOLiULRV29.3.4 Desreconhecimento (baixa): 8P
DWLYR¿QDQFHLUR RXTXDQGRIRURFDVRXPDSDUWHGHXPDWLYR¿QDQFHLURRXSDUWHGHXPJUXSRGHDWLYRV¿QDQFHLURVVHPHOKDQWHV p
EDL[DGRSULQFLSDOPHQWH RXVHMDH[FOXtGRGRUHVXOWDGRGRH[HUFtFLR TXDQGR RVGLUHLWRVGHUHFHEHUÀX[RVGHFDL[DGRDWLYRH[SLUDUHP R
*UXSRWUDQVIHULXRVVHXVGLUHLWRVGHUHFHEHUÀX[RVGHFDL[DGRDWLYRRXDVVXPLXXPDREULJDomRGHSDJDULQWHJUDOPHQWHRVÀX[RVGH
FDL[DUHFHELGRVVHPGHPRUDVLJQL¿FDWLYDDXPWHUFHLURSRUIRUoDGHXPDFRUGRGHUHSDVVH H D R*UXSRWUDQVIHULXVXEVWDQFLDOPHQWH
WRGRVRVULVFRVHEHQHItFLRVUHODWLYRVDRDWLYRRX E R*UXSRQmRWUDQVIHULXQHPUHWHYHVXEVWDQFLDOPHQWHWRGRVRVULVFRVHEHQHItFLRV
UHODWLYRVDRDWLYRPDVWUDQVIHULXRFRQWUROHVREUHRDWLYR 5HFRQKHFLPHQWRLQLFLDOHPHQVXUDomRGHSDVVLYRV¿QDQFHLURV
3DVVLYRV¿QDQFHLURVVmRFODVVL¿FDGRVFRPRUHFRQKHFLPHQWRLQLFLDOFRPRSDVVLYRV¿QDQFHLURVDYDORUMXVWRSRUPHLRGRUHVXOWDGRHPSUpVWLPRVHUHFHEtYHLVRXFRQWDVDSDJDURXFRPRGHULYDWLYRVGHVLJQDGRVFRPRLQVWUXPHQWRVGHKHGJHHPXPKHGJHHIHWLYRFRQIRUPH
DSURSULDGR3DVVLYRV¿QDQFHLURVVmRLQLFLDOPHQWHUHFRQKHFLGRVDYDORUMXVWRHQRFDVRGHHPSUpVWLPRVH¿QDQFLDPHQWRVHFRQWDVD
SDJDUVmRDFUHVFLGRVGRFXVWRGDWUDQVDomRGLUHWDPHQWHUHODFLRQDGR2VSDVVLYRV¿QDQFHLURVGR*UXSRLQFOXHPFRQWDVDSDJDUDIRUQHFHGRUHV HPSUpVWLPRV H ¿QDQFLDPHQWRV GHErQWXUHV FRPSURPLVVRV D SDJDU H REULJDo}HV GH DUUHQGDPHQWR PHUFDQWLO Mensuração
VXEVHTXHQWH: $SyV UHFRQKHFLPHQWR LQLFLDO HPSUpVWLPRV H ¿QDQFLDPHQWRV VXMHLWRV D MXURV VmR PHQVXUDGRV VXEVHTXHQWHPHQWH SHOR
FXVWRDPRUWL]DGRXWLOL]DQGRRPpWRGRGDWD[DGHMXURVHIHWLYRV*DQKRVHSHUGDVVmRUHFRQKHFLGRVQDGHPRQVWUDomRGRUHVXOWDGRQR
PRPHQWRGDEDL[DGRVSDVVLYRVEHPFRPRGXUDQWHRSURFHVVRGHDPRUWL]DomRSHORPpWRGRGDWD[DGHMXURVHIHWLYRV29.3.6 Desreconhecimento (baixa): 8PSDVVLYR¿QDQFHLURpEDL[DGRTXDQGRDREULJDomRIRUUHYRJDGDFDQFHODGDRXH[SLUDU4XDQGRXPSDVVLYR¿QDQFHLURH[LVWHQWHIRUVXEVWLWXtGRSRURXWURGRPHVPRPXWXDQWHFRPWHUPRVVXEVWDQFLDOPHQWHGLIHUHQWHVRXRVWHUPRVGHXPSDVVLYR
H[LVWHQWHIRUHPVLJQL¿FDWLYDPHQWHDOWHUDGRVHVVDVXEVWLWXLomRRXDOWHUDomRpWUDWDGDFRPREDL[DGRSDVVLYRRULJLQDOHUHFRQKHFLPHQWR
GHXPQRYRSDVVLYRVHQGRDGLIHUHQoDQRVFRUUHVSRQGHQWHVYDORUHVFRQWiEHLVUHFRQKHFLGDQDGHPRQVWUDomRGRUHVXOWDGR 29.4. Contas
a receber de clientes:$VFRQWDVDUHFHEHUVmRGHFRUUHQWHVGDSUHVWDomRGHVHUYLoRVGHDWLYLGDGHVGHHQVLQRHQmRLQFOXHPPRQWDQWHV
GHVHUYLoRVSUHVWDGRVDSyVDVGDWDVGRVEDODQoRV2VVHUYLoRVDUUHFDGDGRVHDLQGDQmRSUHVWDGRVQDVGDWDVGRVEDODQoRVVmRFRQWDELOL]DGRVFRPRPHQVDOLGDGHVUHFHELGDVDQWHFLSDGDPHQWHHVmRUHFRQKHFLGRVQRUHVSHFWLYRUHVXOWDGRGRH[HUFtFLRGHDFRUGRFRPRUHJLPHGHFRPSHWrQFLD&RQWDVDUHFHEHUGHFOLHQWHVVmRLQLFLDOPHQWHUHFRQKHFLGDVSHORYDORUMXVWRHVXEVHTXHQWHPHQWHPHQVXUDGDV
SHORFXVWRDPRUWL]DGRFRPRXVRGRPpWRGRGDWD[DHIHWLYDGHMXURVPHQRVDSURYLVmRSDUDFUpGLWRVGHOLTXLGDomRGXYLGRVD ³LPSDLUPHQW´ 5HGXomRGRYDORUUHFXSHUiYHOGHDWLYRV¿QDQFHLURV LQFOXLDSURYLVmRSDUDFUpGLWRVGHOLTXLGDomRGXYLGRVD As
H[SRVLo}HVGHFUpGLWRSDUDDVTXDLVQmRKRXYHDXPHQWRVLJQL¿FDWLYRQRULVFRGHFUpGLWRGHVGHRUHFRQKHFLPHQWRLQLFLDOVmRSURYLVLRQDGDVFRPRUHVXOWDGRGHHYHQWRVGHLQDGLPSOrQFLDSRVVtYHLVQRVSUy[LPRVPHVHV SHUGDGHFUpGLWRHVSHUDGDGHPHVHV 3DUDDV
H[SRVLo}HVGHFUpGLWRSDUDDVTXDLVKRXYHXPDXPHQWRVLJQL¿FDWLYRQRULVFRGHFUpGLWRGHVGHRUHFRQKHFLPHQWRLQLFLDOpQHFHVViULDXPD
provisão para perdas de crédito esperadas durante a vida remanescente da exposição, independentemente do momento da inadimplênFLD XPDSHUGDGHFUpGLWRHVSHUDGDYLWDOtFLD (VWDPHWRGRORJLDpDSOLFiYHODRVLQVWUXPHQWRV¿QDQFHLURVFODVVL¿FDGRVFRPRFXVWRDPRUWL]DGR3DUDRFRQWDVDUHFHEHUGHFOLHQWHVGDGDDQDWXUH]DGHFXUWRSUD]RGRVUHFHEtYHLVGR*UXSRHGDVXDSROtWLFDGHFRQFHVVmRH
JHUHQFLDPHQWRGHULVFRHGHFUpGLWRXWLOL]DGRVR*UXSRQmRLGHQWL¿FRXQHQKXPLPSDFWRUHOHYDQWHTXHSXGHVVHDIHWDUVXDVGHPRQVWUDo}HV¿QDQFHLUDVFRQVROLGDGDVSHODDGRomRGLIHUHQWHGDTXHOHPHQFLRQDGRQD1RWD3DUDRVGHPDLVDWLYRV¿QDQFHLURVSDVVtYHLVGH
DQiOLVHGHUHGXomRDRYDORUUHFXSHUiYHOQmRIRLUHFRQKHFLGDQHQKXPDSHUGDHVSHUDGDQRH[HUFtFLR¿QGRHPGHGH]HPEURGH
SRLVGHDFRUGRFRPDDYDOLDomRGR*UXSRDOpPGRULVFRDVVRFLDGRVHUEDL[RQmRKiKLVWyULFRGHSHUGDV8PDWLYR¿QDQFHLURpEDL[DGR
TXDQGRQmRKiH[SHFWDWLYDUD]RiYHOGHUHFXSHUDomRGRVÀX[RVGHFDL[DFRQWUDWXDLV29.6. Investimentos em controladas (aplicável
VRPHQWHSDUDDVGHPRQVWUDo}HV¿QDQFHLUDVLQGLYLGXDLV 2VLQYHVWLPHQWRVHPHPSUHVDVFRQWURODGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVGDFRQWURODGRUDHVWmRUHJLVWUDGRVSHORPpWRGRGDHTXLYDOrQFLDSDWULPRQLDO$SDUWLFLSDomRVRFLHWiULDHPFRQWURODGDVpDSUHVHQWDGD
QDGHPRQVWUDomRGRUHVXOWDGRGDFRQWURODGRUDFRPRHTXLYDOrQFLDSDWULPRQLDOUHSUHVHQWDQGRROXFUROtTXLGRDWULEXtYHODRVDFLRQLVWDVGD
FRQWURODGD 1DV GHPRQVWUDo}HV ¿QDQFHLUDV LQGLYLGXDLV R iJLR SRU H[SHFWDWLYD GH UHQWDELOLGDGH IXWXUD JRRGZLOO p DSUHVHQWDGR FRPR
SDUWHGRLQYHVWLPHQWR2VPHVPRVDMXVWHVIHLWRVQDVGHPRQVWUDo}HV¿QDQFHLUDVFRQVROLGDGDVVmRIHLWRVQDVGHPRQVWUDo}HV¿QDQFHLUDV
LQGLYLGXDLVSDUDVHFKHJDUDRVPHVPRVYDORUHVGHSDWULP{QLROtTXLGRHUHVXOWDGR 29.7. Ativos intangíveis: (a) Ágio: 2iJLR JRRGZLOO p
UHSUHVHQWDGRSHODGLIHUHQoDSRVLWLYDHQWUHRYDORUMXVWRSDJRHRXDSDJDUSHODDTXLVLomRGHXPQHJyFLRHRPRQWDQWHOtTXLGRGRYDORU
MXVWRGRVDWLYRVHSDVVLYRVGDFRQWURODGDDGTXLULGD2iJLRGHDTXLVLo}HVGHFRQWURODGDVpUHJLVWUDGRFRPR³$WLYRLQWDQJtYHO´QRFRQVROLGDGR2iJLRpWHVWDGRDQXDOPHQWHSDUDYHUL¿FDUSHUGDV LPSDLUPHQW ÈJLRpFRQWDELOL]DGRSHORVHXYDORUGHFXVWRPHQRVDVSHUGDV
DFXPXODGDVSRULPSDLUPHQW3HUGDVSRULPSDLUPHQWUHFRQKHFLGDVVREUHiJLRQmRVmRUHYHUWLGDV2VJDQKRVHDVSHUGDVGDDOLHQDomRGH
XPDHQWLGDGHLQFOXHPRYDORUFRQWiELOGRiJLRUHODFLRQDGRFRPDHQWLGDGHYHQGLGD(b) Carteira de alunos: As relações contratuais com
DOXQRVDGTXLULGDVHPXPDFRPELQDomRGHQHJyFLRVVmRUHFRQKHFLGDVSHORYDORUMXVWRQDGDWDGDDTXLVLomR$VUHODo}HVFRQWUDWXDLVWrP
YLGD~WLOGH¿QLGDHVmRFRQWDELOL]DGDVSHORVHXYDORUGHFXVWRPHQRVDDPRUWL]DomRDFXPXODGD$DPRUWL]DomRpFDOFXODGDXVDQGRR
método linear durante o período esperado da relação com o aluno. (c) Licenças e implantações de softwares: $VOLFHQoDVGHVRIWZDUHV
VmRFDSLWDOL]DGDVFRPEDVHQRVFXVWRVLQFRUULGRVSDUDDGTXLULURVVRIWZDUHVHID]HUFRPTXHHOHVHVWHMDPSURQWRVSDUDVHUHPXWLOL]DGRV
(VVHVFXVWRVVmRDPRUWL]DGRVGXUDQWHDYLGD~WLOHVWLPDGDGRVVRIWZDUHVGHFLQFRDQRV2VFXVWRVDVVRFLDGRVjPDQXWHQomRGHsoftwaresVmRUHFRQKHFLGRVFRPRGHVSHVDFRQIRUPHLQFRUULGRV2XWURVJDVWRVGHGHVHQYROYLPHQWRTXHQmRDWHQGDPDHVVHVFULWpULRVVmR
UHFRQKHFLGRV FRPR GHVSHVD FRQIRUPH LQFRUULGRV 2V FXVWRV GH GHVHQYROYLPHQWR SUHYLDPHQWH UHFRQKHFLGRV FRPR GHVSHVD QmR VmR
UHFRQKHFLGRVFRPRDWLYRHPSHUtRGRVXEVHTXHQWH2VFXVWRVGHGHVHQYROYLPHQWRGHsoftwaresUHFRQKHFLGRVFRPRDWLYRVVmRDPRUWL]DGRVGXUDQWHVXDYLGD~WLOHVWLPDGDQmRVXSHULRUDFLQFRDQRV(d) Credenciamento e licenças de operação: Os credenciamentos e as
OLFHQoDVGHRSHUDomRVmRFDSLWDOL]DGRVFRPEDVHQRVJDVWRVLQFRUULGRVMXQWRDR0LQLVWpULRGH(GXFDomRUHIHUHQWHVjDXWRUL]DomRHDR
UHFRQKHFLPHQWRGRVFXUVRVRIHUHFLGRVDVVLPFRPRUHFUHGHQFLDPHQWRGDV8QLGDGHV2VFUHGHQFLDPHQWRVHDVOLFHQoDVWrPYLGD~WLO
GH¿QLGDHVmRFRQWDELOL]DGDVSHORVHXYDORUGHFXVWRPHQRVDDPRUWL]DomRDFXPXODGD$DPRUWL]DomRpFDOFXODGDXVDQGRRPpWRGROLQHDUGXUDQWHRSHUtRGRGHYLJrQFLDGDVOLFHQoDVREWLGDVMXQWRDR0LQLVWpULRGD(GXFDomR(e) Conteúdo digital: 2&RQWH~GRGLJLWDOpFDSL-
WDOL]DGRFRPEDVHQRVFXVWRVLQFRUULGRVSDUDDGTXLULUGLUHLWRVGHXVRGHFRQWH~GRVGLJLWDLVDVHUHPXWLOL]DGRVQDSUHVWDomRGHVHUYLoRGR
*UXSR(VVHVFXVWRVVmRDPRUWL]DGRVGXUDQWHRSUD]RGRFRQWUDWR(f) Convênios: 2VFRQYrQLRVVmRFDSLWDOL]DGRVFRPEDVHQRVFXVWRV
LQFRUULGRVSDUD¿UPDUFRQWUDWRVMXQWRDHPSUHVDVSDUFHLUDVTXHFRQ¿UDPDRVDOXQRVGR*UXSRRGLUHLWRGHH[HUFHUDVDWLYLGDGHVGH
JUDGXDomRFRPSOHPHQWDUHVQHFHVViULDVSDUDVXDIRUPDomRDFDGrPLFD(VVHVFXVWRVVmRDPRUWL]DGRVGXUDQWHRSUD]RGRVUHIHULGRV
contrato. (g) Fundo de comércio: 6mRDWLYRVLQWDQJtYHLVFRPSUD]RGHYLGD~WLOGH¿QLGDUHSUHVHQWDGRVSRUYDORUHVSDJRVQDDTXLVLomR
GHQRYRVSRQWRVFRPHUFLDLV IXQGRGHFRPpUFLR 6mRDPRUWL]DGRVOLQHDUPHQWHGHDFRUGRFRPRSUD]RGRFRQWUDWRGHDOXJXHOGRVLPyYHLV
alugados. K ,QWDQJtYHLVLGHQWL¿FDGRVHPDTXLVLo}HV/LFHQoDVGHFXUVRV $VOLFHQoDVGHFXUVRVLGHQWL¿FDGDVHPDTXLVLo}HVUHIHUHPVHEDVLFDPHQWHDRVYDORUHVGHOLFHQoDVHFUHGHQFLDPHQWRVGHFXUVRVSHUDQWHR0(&HVmRUHJLVWUDGDVLQLFLDOPHQWHSHORVVHXVYDORUHVMXVWRVFRPEDVHHPODXGRVGHDYDOLDomRVXSRUWDQGRRVPRQWDQWHVDORFDGRVQDVFRPELQDo}HVGHQHJyFLRV(VVHVDWLYRVLGHQWL¿FDGRVHPDTXLVLo}HVSRVVXHPYLGD~WLOLQGH¿QLGDHHVWmRVXMHLWRVDWHVWHVDQXDLVGHUHFXSHUDELOLGDGH L ,QWDQJtYHLVLGHQWL¿FDGRVHP
aquisições - Marcas registradas: $VPDUFDVLGHQWL¿FDGDVHPDTXLVLo}HVVmRUHJLVWUDGDVLQLFLDOPHQWHSHORVVHXVYDORUHVMXVWRVFRP
EDVHHPODXGRVGHDYDOLDomRVXSRUWDQGRRVPRQWDQWHVDORFDGRVQDVFRPELQDo}HVGHQHJyFLRV(VVHVDWLYRVLGHQWL¿FDGRVHPDTXLVLo}HV
SRVVXHPYLGD~WLOGH¿QLGDHHVWmRVXMHLWRVDDPRUWL]DomRFDOFXODGDSHORPpWRGROLQHDUSDUDDORFDURFXVWRGXUDQWHVXDYLGD~WLOHVWLPDGD
29.8. Imobilizado: 2 LPRELOL]DGR p PHQVXUDGR SHOR VHX FXVWR KLVWyULFR PHQRV GHSUHFLDomR DFXPXODGD H SHUGD SDUD impairment. O
FXVWRKLVWyULFRLQFOXLRVJDVWRVGLUHWDPHQWHDWULEXtYHLVjDTXLVLomRGRVLWHQV2VWHUUHQRVQmRVmRGHSUHFLDGRV$GHSUHFLDomRGHRXWURV
DWLYRVpFDOFXODGDXVDQGRRPpWRGROLQHDUSDUDDORFDUVHXVFXVWRVPHQRVRYDORUUHVLGXDOGXUDQWHDYLGD~WLO2LPRELOL]DGRHPDQGDPHQWRUHIHUHVHjFRQVWUXomRGHQRYRVSUpGLRVHDGHTXDomRGHSUpGLRVGHWHUFHLURVjDWLYLGDGHGR*UXSR6HPHVWUDOPHQWHRVVDOGRV
GHVWHJUXSRVmRUHYLVDGRVHWUDQVIHULGRVSDUDDVVXDVGHYLGDVFRQWDVVHFRQFOXtGRVSDUDLQtFLRGDGHSUHFLDomR2VFXVWRVVXEVHTXHQWHV DR GR UHFRQKHFLPHQWR LQLFLDO VmR LQFRUSRUDGRV DR YDORU UHVLGXDO GR LPRELOL]DGR RX UHFRQKHFLGRV FRPR LWHP HVSHFt¿FR FRQIRUPH
DSURSULDGRVRPHQWHVHRVEHQHItFLRVHFRQ{PLFRVDVVRFLDGRVDHVVHVLWHQVIRUHPSURYiYHLVHRVYDORUHVPHQVXUDGRVGHIRUPDFRQ¿iYHO
2VDOGRUHVLGXDOGRLWHPVXEVWLWXtGRpEDL[DGR'HPDLVUHSDURVHPDQXWHQo}HVVmRUHFRQKHFLGRVGLUHWDPHQWHQRUHVXOWDGRTXDQGRLQFRUULGRV2VLWHQVGRDWLYRLPRELOL]DGRVmREDL[DGRVTXDQGRYHQGLGRVRXTXDQGRQHQKXPEHQHItFLRHFRQ{PLFRIXWXURIRUHVSHUDGRGRVHX
XVRRXYHQGD(YHQWXDOJDQKRRXSHUGDUHVXOWDQWHGDEDL[DGRDWLYR FDOFXODGRFRPRVHQGRDGLIHUHQoDHQWUHRYDORUOtTXLGRGDYHQGDH
RYDORUUHVLGXDOGRDWLYR VmRUHFRQKHFLGRVQDGHPRQVWUDomRGRUHVXOWDGRGRSHUtRGRHPTXHRDWLYRIRUEDL[DGR2VYDORUHVUHVLGXDLVD
YLGD~WLOHRVPpWRGRVGHGHSUHFLDomRGRVDWLYRVVmRUHYLVDGRVHDMXVWDGRVVHQHFHVViULRTXDQGRH[LVWLUXPDLQGLFDomRGHPXGDQoD
VLJQL¿FDWLYDGHVGHD~OWLPDGDWDGHEDODQoR29.9. Custos de empréstimo capitalizados 2FXVWRKLVWyULFRGRLPRELOL]DGRLQFOXLMXURV
VREUHGHHPSUpVWLPRVGLUHWDPHQWHUHODFLRQDGRVFRPDDTXLVLomRFRQVWUXomRRXSURGXomRGHXPDWLYRTXHQHFHVVDULDPHQWHUHTXHUXP
WHPSRVLJQL¿FDWLYRSDUDVHUFRQFOXtGRSDUD¿QVGHXVRRXYHQGDVmRFDSLWDOL]DGRVFRPRSDUWHGRFXVWRGRFRUUHVSRQGHQWHDWLYR7RGRV
RVGHPDLVFXVWRVGHHPSUpVWLPRVVmRUHJLVWUDGRVHPGHVSHVDQRSHUtRGRHPTXHVmRLQFRUULGRV&XVWRVGHHPSUpVWLPRFRPSUHHQGHP
juros e outros custos incorridos por uma entidade relativos ao empréstimo. 29.10. Impairment GHDWLYRVQmR¿QDQFHLURV 2VDWLYRVTXH
WrPXPDYLGD~WLOLQGH¿QLGDFRPRRiJLRQmRHVWmRVXMHLWRVjDPRUWL]DomRHVmRWHVWDGRVDQXDOPHQWHSDUDLGHQWL¿FDUHYHQWXDOQHFHVVLGDGHGHUHGXomRDRYDORUUHFXSHUiYHO impairment).2VDWLYRVTXHHVWmRVXMHLWRVjDPRUWL]DomRVmRUHYLVDGRVSDUDDYHUL¿FDomRGHimpairmentVHPSUHTXHHYHQWRVRXPXGDQoDVQDVFLUFXQVWkQFLDVLQGLFDUHPTXHRYDORUFRQWiELOSRGHQmRVHUUHFXSHUiYHO8PDSHUGDSRU
impairmentpUHFRQKHFLGDTXDQGRRYDORUFRQWiELOGRDWLYRH[FHGHVHXYDORUUHFXSHUiYHORTXDOUHSUHVHQWDRPDLRUYDORUHQWUHRYDORU
MXVWRGHXPDWLYRPHQRVVHXVFXVWRVGHYHQGDHRVHXYDORUHPXVR3DUD¿QVGHDYDOLDomRGRimpairment, os ativos são agrupados nos
QtYHLVPDLVEDL[RVSDUDRVTXDLVH[LVWHPÀX[RVGHFDL[DLGHQWL¿FiYHLVVHSDUDGDPHQWH³8QLGDGHV*HUDGRUDVGH&DL[D´ 8*&V 2VDWLYRVQmR¿QDQFHLURVH[FHWRRiJLRTXHWHQKDPVLGRDMXVWDGRVSRUimpairmentVmRUHYLVDGRVVXEVHTXHQWHPHQWHSDUDDDQiOLVHGHXPD
possível reversão do impairment QDGDWDGREDODQoR 29.11. Fornecedores e compromissos a pagar: As contas a pagar aos forneceGRUHVVmRREULJDo}HVDSDJDUSRUEHQVRXVHUYLoRVTXHIRUDPDGTXLULGRVQRFXUVRQRUPDOGRVQHJyFLRVHRVFRPSURPLVVRVDSDJDUVmR
REULJDo}HVGHFRUUHQWHVGDDTXLVLomRGHLPyYHLVHGRVVDOGRVDSDJDURULXQGRVGHFRPELQDo}HVGHQHJyFLRVVHQGRFODVVL¿FDGRVFRPR
SDVVLYRVFLUFXODQWHVVHRSDJDPHQWRIRUGHYLGRQRSHUtRGRGHDWpXPDQR&DVRFRQWUiULRDVFRQWDVDSDJDUDIRUQHFHGRUHVHRVFRPpromissos a pagar são apresentados como passivo não circulante. As contas a pagar aos fornecedores e os compromissos a pagar são
LQLFLDOPHQWHUHFRQKHFLGRVSHORYDORUMXVWRHVXEVHTXHQWHPHQWHPHQVXUDGRVSHORFXVWRDPRUWL]DGRFRPRXVRGRPpWRGRGHWD[DHIHWLva de juros. 29.12. Arrendamento mercantil:2VDUUHQGDPHQWRVQRVTXDLVXPDSDUFHODVLJQL¿FDWLYDGRVULVFRVHEHQHItFLRVGDSURSULHGDGH p UHWLGD SHOR DUUHQGDGRU VmR FODVVL¿FDGRV FRPR DUUHQGDPHQWRV RSHUDFLRQDLV 2V SDJDPHQWRV HIHWXDGRV SDUD DUUHQGDPHQWRV
RSHUDFLRQDLV OtTXLGRVGHTXDLVTXHULQFHQWLYRVUHFHELGRVGRDUUHQGDGRU VmRUHFRQKHFLGRVQDGHPRQVWUDomRGRUHVXOWDGRSHORPpWRGR
OLQHDUGXUDQWHRSHUtRGRGRDUUHQGDPHQWR2*UXSRDUUHQGDFHUWRVEHQVGRLPRELOL]DGR2VDUUHQGDPHQWRVGRLPRELOL]DGRQRVTXDLVR
*UXSRGHWpPVXEVWDQFLDOPHQWHWRGRVRVULVFRVHEHQHItFLRVGDSURSULHGDGHVmRFODVVL¿FDGRVFRPRDUUHQGDPHQWRV¿QDQFHLURV(VWHV
VmRFDSLWDOL]DGRVQRLQtFLRGRDUUHQGDPHQWRSHORPHQRUYDORUHQWUHRYDORUMXVWRGREHPDUUHQGDGRHRYDORUSUHVHQWHGRVSDJDPHQWRV
mínimos do arrendamento em contrapartida de um passivo de arrendamento a pagar. Cada parcela paga do arrendamento é alocada,
SDUWHDRSDVVLYRHSDUWHDRVHQFDUJRV¿QDQFHLURVSDUDTXHGHVVDIRUPDVHMDREWLGDXPDWD[DFRQVWDQWHVREUHRVDOGRGDGtYLGDHP
DEHUWR$VREULJDo}HVFRUUHVSRQGHQWHVOtTXLGDVGRVHQFDUJRV¿QDQFHLURVVmRLQFOXtGDVHPREULJDo}HVGHDUUHQGDPHQWRVPHUFDQWLV2V
MXURVGDVGHVSHVDV¿QDQFHLUDVVmRUHFRQKHFLGRVQDGHPRQVWUDomRGRUHVXOWDGRGXUDQWHRSHUtRGRGRDUUHQGDPHQWRSDUDSURGX]LUXPD
WD[DSHULyGLFDFRQVWDQWHGHMXURVVREUHRVDOGRUHPDQHVFHQWHGRSDVVLYRSDUDFDGDSHUtRGR2LPRELOL]DGRDGTXLULGRSRUPHLRGHDUUHQGDPHQWRV¿QDQFHLURVpGHSUHFLDGRGXUDQWHDYLGD~WLOGRDWLYR (PSUpVWLPRVH¿QDQFLDPHQWRV 2VHPSUpVWLPRVH¿QDQFLDPHQWRVVmRUHFRQKHFLGRVLQLFLDOPHQWHSHORYDORUMXVWROtTXLGRGRVFXVWRVLQFRUULGRVQDWUDQVDomRHVmRVXEVHTXHQWHPHQWHGHPRQVWUDGRV
SHORFXVWRDPRUWL]DGR4XDOTXHUGLIHUHQoDHQWUHRVYDORUHVFDSWDGRV OtTXLGRVGRVFXVWRVGDWUDQVDomR HRYDORUWRWDODSDJDUpUHFRQKHFLGDQDGHPRQVWUDomRGRUHVXOWDGRGXUDQWHRSHUtRGRHPTXHRVHPSUpVWLPRVHVWHMDPHPDEHUWRXWLOL]DQGRRPpWRGRGDWD[DHIHWLYDGH
MXURV2VHPSUpVWLPRVH¿QDQFLDPHQWRVVmRFODVVL¿FDGRVFRPRSDVVLYRFLUFXODQWHDPHQRVTXHR*UXSRWHQKDXPGLUHLWRLQFRQGLFLRQDO
GDOLTXLGDomRGRSDVVLYRSRUSHORPHQRVPHVHVDSyVDGDWDGREDODQoR2VFXVWRVGHHPSUpVWLPRVJHUDLVHHVSHFt¿FRVTXHVmR
GLUHWDPHQWHDWULEXtYHLVjDTXLVLomRFRQVWUXomRRXSURGXomRGHXPDWLYRTXDOL¿FiYHOTXHpXPDWLYRTXHQHFHVVDULDPHQWHGHPDQGDXP
SHUtRGRGHWHPSRVXEVWDQFLDOSDUD¿FDUSURQWRSDUDVHXXVRRXYHQGDSUHWHQGLGRVVmRFDSLWDOL]DGRVFRPRSDUWHGRFXVWRGRDWLYRTXDQGRIRUSURYiYHOTXHHOHVLUmRUHVXOWDUHPEHQHItFLRVHFRQ{PLFRVIXWXURVSDUDDHQWLGDGHHTXHWDLVFXVWRVSRVVDPVHUPHQVXUDGRVFRP
FRQ¿DQoD'HPDLVFXVWRVGHHPSUpVWLPRVVmRUHFRQKHFLGRVFRPRGHVSHVDQRSHUtRGRHPTXHVmRLQFRUULGRV29.14. Debêntures: As
GHErQWXUHVVmRUHFRQKHFLGDVLQLFLDOPHQWHSHORYDORUMXVWROtTXLGRGRVFXVWRVLQFRUULGRVQDWUDQVDomRHVmRVXEVHTXHQWHPHQWHGHPRQVWUDGDVSHORFXVWRDPRUWL]DGR4XDOTXHUGLIHUHQoDHQWUHRVYDORUHVFDSWDGRV OtTXLGRVGRVFXVWRVGDWUDQVDomR HRYDORUWRWDOD
SDJDUpUHFRQKHFLGDQDGHPRQVWUDomRGRUHVXOWDGRGXUDQWHRSHUtRGRHPTXHDVGHErQWXUHVHVWHMDPHPDEHUWRXWLOL]DQGRRPpWRGRGD
WD[DHIHWLYDGHMXURV$VGHErQWXUHVVmRFODVVL¿FDGDVFRPRSDVVLYRFLUFXODQWHDPHQRVTXHR*UXSRWHQKDXPGLUHLWRLQFRQGLFLRQDOGD
OLTXLGDomRGRSDVVLYRSRUSHORPHQRVPHVHVDSyVDGDWDGREDODQoR2VFXVWRVGHGHErQWXUHVJHUDLVHHVSHFt¿FRVTXHVmRGLUHWDPHQWHDWULEXtYHLVjDTXLVLomRFRQVWUXomRRXSURGXomRGHXPDWLYRTXDOL¿FiYHOTXHpXPDWLYRTXHQHFHVVDULDPHQWHGHPDQGDXPSHUtRGRGHWHPSRVXEVWDQFLDOSDUD¿FDUSURQWRSDUDVHXXVRRXYHQGDSUHWHQGLGRVVmRFDSLWDOL]DGRVFRPRSDUWHGRFXVWRGRDWLYRTXDQGR
IRUSURYiYHOTXHHOHVLUmRUHVXOWDUHPEHQHItFLRVHFRQ{PLFRVIXWXURVSDUDDHQWLGDGHHTXHWDLVFXVWRVSRVVDPVHUPHQVXUDGRVFRP
FRQ¿DQoD'HPDLVFXVWRVGHGHErQWXUHVVmRUHFRQKHFLGRVFRPRGHVSHVDQRSHUtRGRHPTXHVmRLQFRUULGRV29.15. Provisões: As proYLV}HVSDUDFRQWLQJrQFLDV WUDEDOKLVWDVFtYHLVHWULEXWiULDV VmRUHFRQKHFLGDVTXDQGR L H[LVWHXPDREULJDomRSUHVHQWHRXQmRIRUPDOL]DGDFRPRUHVXOWDGRGHHYHQWRVMiRFRUULGRV LL pSURYiYHOTXHXPDVDtGDGHUHFXUVRVVHMDQHFHVViULDSDUDOLTXLGDUDREULJDomR H LLL
RYDORUSXGHUVHUHVWLPDGRFRPVHJXUDQoDFRPEDVHQRVMXOJDPHQWRVGRVFRQVXOWRUHVMXUtGLFRV$VSURYLV}HVVmRPHQVXUDGDVSHOR
YDORUSUHVHQWHGRVJDVWRVTXHGHYHPVHUQHFHVViULRVSDUDOLTXLGDUDREULJDomRXVDQGRXPDWD[DDQWHVGRVHIHLWRVWULEXWiULRVDTXDO
UHÀLWDDVDYDOLDo}HVDWXDLVGHPHUFDGRGRYDORUGRGLQKHLURQRWHPSRHGRVULVFRVHVSHFt¿FRVGDREULJDomR2DXPHQWRGDREULJDomRHP
GHFRUUrQFLDGDSDVVDJHPGRWHPSRpUHFRQKHFLGRFRPRGHVSHVD¿QDQFHLUD 29.16. Tributação: (a) Imposto de renda e contribuição
social corrente: $VGHVSHVDVGHLPSRVWRGHUHQGDHFRQWULEXLomRVRFLDOGRSHUtRGRFRPSUHHQGHPRLPSRVWRFRUUHQWH2VLPSRVWRVVREUH
DUHQGDVmRUHFRQKHFLGRVQDGHPRQVWUDomRGRUHVXOWDGRH[FHWRQDSURSRUomRHPTXHHVWLYHUHPUHODFLRQDGRVFRPLWHQVUHFRQKHFLGRV
GLUHWDPHQWHQRSDWULP{QLROtTXLGR1HVVHFDVRRLPSRVWRWDPEpPpUHFRQKHFLGRQRSDWULP{QLROtTXLGR3DUDDVXQLGDGHVTXHDGHULUDP
DR3URJUDPD8QLYHUVLGDGHSDUD7RGRV³35281,´DVDWLYLGDGHVGHHQVLQRVXSHULRUGHJUDGXDomRJR]DPGHLVHQomRSHORSHUtRGRGH
YLJrQFLDGRWHUPRGHDGHVmRFRPUHODomRDR,PSRVWRGH5HQGDGH3HVVRD-XUtGLFD³,53-´H&RQWULEXLomR6RFLDOVREUHR/XFUR/tTXLGR
³&6//´(b) PIS e COFINS: 3DUDDVUHFHLWDVGDVDWLYLGDGHVGHHQVLQRFRPH[FHomRGDVDWLYLGDGHVGHJUDGXDomRGDVXQLGDGHVTXH
DGHULUDPDR3URJUDPD8QLYHUVLGDGHSDUD7RGRV³35281,´LQFLGHPR3URJUDPDGH,QWHJUDomR6RFLDO³3,6´HD&RQWULEXLomRSDUDR)LQDQFLDPHQWRGD6HJXULGDGH6RFLDO³&2),16´QDVDOtTXRWDVGHHUHVSHFWLYDPHQWHHSDUDDVDWLYLGDGHVQmRUHODFLRQDGDV
DHQVLQRLQFLGHPR3,6jDOtTXRWDGHHD&2),16D$VDWLYLGDGHVGHJUDGXDomRQDVXQLGDGHVTXHDGHULUDPDR3URJUDPD
8QLYHUVLGDGHSDUD7RGRV³35281,´VmRLVHQWDVGR3URJUDPDGH,QWHJUDomR6RFLDO³3,6´HGD&RQWULEXLomRSDUDR)LQDQFLDPHQWRGD
6HJXULGDGH6RFLDO³&2),16´(c) PROUNI $VXQLGDGHVTXHDGHULUDPDR35281,JR]DPGHLVHQomRSHORSHUtRGRGHYLJrQFLDGRWHUPR
GHDGHVmRFRPUHODomRDRVVHJXLQWHVWULEXWRVIHGHUDLV ,PSRVWRGH5HQGDGH3HVVRD-XUtGLFD³,53-´H&RQWULEXLomR6RFLDOVREUHR
/XFUR/tTXLGR³&6//´LQVWLWXtGDSHOD/HLQ GHGHGH]HPEURGH &2),16LQVWLWXtGDSHOD/HL&RPSOHPHQWDUQGH
GHGH]HPEURGH H3,6LQVWLWXtGDSHOD/HL&RPSOHPHQWDUQGHGHVHWHPEURGH $VLVHQo}HVDFLPDPHQFLRQDGDVVmR
RULJLQDOPHQWHFDOFXODGDVVREUHRYDORUGDUHFHLWDDXIHULGDHPGHFRUUrQFLDGDUHDOL]DomRGHDWLYLGDGHVGHHQVLQRVXSHULRUSURYHQLHQWHV
GHFXUVRVGHJUDGXDomRHFXUVRVVHTXHQFLDLVGHIRUPDomRHVSHFt¿FD(d) ISS $VUHFHLWDVGDVDWLYLGDGHVGHHQVLQRLQFLGHPR,PSRVWR
VREUH6HUYLoRVGH4XDOTXHU1DWXUH]D³,66´FRQIRUPHUHJXODPHQWDGRQDOHLFRPSOHPHQWDUQDVDOtTXRWDVGHDD
GHSHQGHUGRPXQLFtSLR2WULEXWRpUHFRQKHFLGRGHDFRUGRFRPRUHFRQKHFLPHQWRGHUHFHLWDGR*UXSR29.17. Lucro por ação: A ComSDQKLDHIHWXDRVFiOFXORVGROXFURSRUORWHGHPLODo}HVXWLOL]DQGRRQ~PHURPpGLRSRQGHUDGRGHDo}HVRUGLQiULDVWRWDLVHPFLUFXODomR
GXUDQWHRSHUtRGRFRUUHVSRQGHQWHDRUHVXOWDGRFRQIRUPH3URQXQFLDPHQWR7pFQLFR&3& ,$6 $VDo}HVRUGLQiULDVVmRFODVVL¿FDGDVQRSDWULP{QLROtTXLGR2VFXVWRVLQFUHPHQWDLVGLUHWDPHQWHDWULEXtYHLVjHPLVVmRGHQRYDVDo}HVRXRSo}HVVmRGHPRQVWUDGRVQR
SDWULP{QLROtTXLGRFRPRXPDGHGXomRGRYDORUFDSWDGROtTXLGDGHLPSRVWRV29.19. Reconhecimento da receita, custos e despesas:
$VUHFHLWDVFXVWRVHGHVSHVDVVmRUHFRQKHFLGRVSHORUHJLPHGHFRPSHWrQFLD(a) Receita de serviços: A receita compreende o valor
MXVWRGDFRQWUDSUHVWDomRUHFHELGDRXDUHFHEHUGDVDWLYLGDGHVGHHQVLQRVXSHULRUSyVJUDGXDomRFXUVRVOLYUHVHDWLYLGDGHVHGXFDFLRQDLV
FRUUHODWDV$UHFHLWDpDSUHVHQWDGDOtTXLGDGRVLPSRVWRVGDVGHYROXo}HVGRVDEDWLPHQWRVHGRVGHVFRQWRV$UHFHLWDSHODSUHVWDomRGH
VHUYLoRVpUHFRQKHFLGDWHQGRFRPREDVHRVVHUYLoRVUHDOL]DGRVDWpDGDWDGREDODQoR$VPHQVDOLGDGHVGRVFXUVRVHVHXVUHVSHFWLYRV
GHVFRQWRVYDULDPGHDFRUGRFRPRFXUVRDXQLGDGHRXRWHUPRDFDGrPLFR$VUHFHLWDVVmRJHUDGDVFRPEDVHHPFRQWUDWRVGHSUHoR
¿[RVHQGRUHFRQKHFLGDVPHQVDOPHQWHFRPEDVHQDSUHVWDomRGRVHUYLoR2*UXSRDGHULXHPRXWXEURGHDR3URJUDPD1DFLRQDO
GH$FHVVRDR(QVLQR7pFQLFR 3521$7(& FULDGRSHOR0LQLVWpULRGD(GXFDomR 0(& SDUDH[SDQGLUDRIHUWDGHFXUVRVWpFQLFRVHSUR¿VVLRQDLVGHQtYHOPpGLRHGHFXUVRVGHIRUPDomRLQLFLDOHFRQWLQXDGDSDUDWUDEDOKDGRUHVEUDVLOHLURV$VUHFHLWDVVmRJHUDGDVFRPEDVH
QDEROVDIRUPDomRVHQGRUHFRQKHFLGDVPHQVDOPHQWHFRPEDVHQDSUHVWDomRGHVHUYLoRFRQVLGHUDQGRDFRQ¿UPDomRGHSUHVHQoDSRU
FDGDDOXQRGHDFRUGRFRPDVFRQGLo}HVHUHTXLVLWRVGRSURJUDPD2*UXSRUHJLVWUDFRPRGHVFRQWRRVHQFDUJRVHGXFDFLRQDLVGHFRUUHQWHVGRVFRQWUDWRVGH¿QDQFLDPHQWRJDUDQWLGRVSHORVDOXQRVTXHDGHULUDPDR)*('8&GHDFRUGRFRPD3RUWDULD1RUPDWLYD1GH
GHRXWXEURGH3RUWDULD1RUPDWLYD1GHGHMXQKRGHH3RUWDULD1RUPDWLYD1GHGHMDQHLURGH2VHQFDUJRV
HGXFDFLRQDLVVRPDPGDUHFHLWDRULXQGDGRVDOXQRVTXHSRVVXHPDGHVmRDR)*('8&SHOR),(6$GLFLRQDOPHQWHDSDUWLUGH
IRLLQFOXtGRXPQRYRGHVFRQWRGHUHODWLYRVDRVHQFDUJRV),(6FRQIRUPH0HGLGD3URYLVyULD1 ³03´ (b) Receitas e desSHVDV¿QDQFHLUDV $UHFHLWD¿QDQFHLUDpUHFRQKHFLGDFRQIRUPHRSUD]RGHFRUULGRSHORUHJLPHGHFRPSHWrQFLDXVDQGRRPpWRGRGDWD[D
efetiva de juros. 29.20. Distribuição de dividendos e juros sobre capital próprio: $GLVWULEXLomRGHGLYLGHQGRVHMXURVVREUHFDSLWDO
SUySULRSDUDRVDFLRQLVWDVGD&RPSDQKLDpUHFRQKHFLGDFRPRXPSDVVLYRQDVGHPRQVWUDo}HV¿QDQFHLUDVGR*UXSRDR¿QDOGRH[HUFtFLR