$viv 2023 Q4 20-F

Concept	2023 Q4	2023
Revenue	$13.53B	$52.10B
YoY Change	6.92%	8.45%
Cost Of Revenue	$7.705B	$29.42B
YoY Change	6.22%	7.23%
Gross Profit	$5.830B	22.68B brls
YoY Change	7.86%	10.07%
Gross Profit Margin	43.08%	43.54%
Selling, General & Admin	$3.331B	-15.40B brls
YoY Change	6.0%	-205.62%
% of Gross Profit	57.14%	-67.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.504B	$13.39B
YoY Change	7.39%	5.76%
% of Gross Profit	60.11%	59.02%
Operating Expenses	$4.015B	-15.40B brls
YoY Change	9.86%	-205.62%
Operating Profit	$1.815B	38.08B brls
YoY Change	3.68%	531.24%
Interest Expense	-$477.7M	-$927.9M
YoY Change	-10.91%	-28.69%
% of Operating Profit	-26.32%	-2.44%
Other Income/Expense, Net	-$149.1M	-$1.427B
YoY Change	91.02%	191.88%
Pretax Income	$1.621B	$5.574B
YoY Change	19.44%	15.36%
Income Tax	$12.88M	$533.9M
% Of Pretax Income	0.79%	9.58%
Net Earnings	$1.601B	5.040B brls
YoY Change	42.11%	24.2%
Net Earnings / Revenue	11.83%	9.67%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.97	$3.03
COMMON SHARES
Basic Shares Outstanding	1.653B shares
Diluted Shares Outstanding

Concept	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.359B	$4.359B
YoY Change	91.64%	91.64%
Cash & Equivalents	$4.290B	$4.290B
Short-Term Investments	$1.148M	$1.148M
Other Short-Term Assets	$1.795B	$1.795B
YoY Change	-13.77%	-13.77%
Inventory	$822.8M	$822.8M
Prepaid Expenses
Receivables	$9.318B	$9.318B
Other Receivables	$2.950B	$2.950B
Total Short-Term Assets	$19.24B	$19.24B
YoY Change	11.35%	11.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$46.32B	$46.32B
YoY Change	0.91%	0.91%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$475.0M	$475.0M
YoY Change	15.38%	15.38%
Other Assets	$4.702B	$4.702B
YoY Change	8.01%	8.01%
Total Long-Term Assets	101.5B brls	$101.5B
YoY Change	-0.34%	-0.34%
TOTAL ASSETS
Total Short-Term Assets	$19.24B	$19.24B
Total Long-Term Assets	101.5B brls	$101.5B
Total Assets	120.7B brls	$120.7B
YoY Change	1.36%	1.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.170B	$8.170B
YoY Change	10.17%	10.17%
Accrued Expenses	$1.586B	$1.586B
YoY Change	26.57%	26.57%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$4.476B	$4.476B
YoY Change	-25.65%	-25.65%
Total Short-Term Liabilities	$20.08B	$20.08B
YoY Change	-9.41%	-9.41%
LONG-TERM LIABILITIES
Long-Term Debt	$14.26B	$14.26B
YoY Change	7.38%	7.38%
Other Long-Term Liabilities	$13.35B	$13.35B
YoY Change	17.26%	17.26%
Total Long-Term Liabilities	$27.61B	$27.61B
YoY Change	11.94%	11.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$20.08B	$20.08B
Total Long-Term Liabilities	$27.61B	$27.61B
Total Liabilities	51.11B brls	$51.17B
YoY Change	0.88%	0.89%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$69.57B	$69.57B
YoY Change
Total Liabilities & Shareholders Equity	$120.7B	$120.7B
YoY Change	1.36%	1.36%

Concept	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$1.601B	5.040B brls
YoY Change	42.11%	24.2%
Depreciation, Depletion And Amortization	$3.504B	$13.39B
YoY Change	7.39%	5.76%
Cash From Operating Activities	$3.835B	$18.79B
YoY Change	-17.99%	-0.82%
INVESTING ACTIVITIES
Capital Expenditures	$2.664B	$8.811B
YoY Change	-8.76%	-10.94%
Acquisitions
YoY Change
Other Investing Activities	$408.7M	$960.4M
YoY Change	-244.59%	-122.29%
Cash From Investing Activities	-$2.255B	-$7.851B
YoY Change	-29.57%	-44.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.777B	-8.850B
YoY Change	-66.0%	-0.71%
NET CHANGE
Cash From Operating Activities	3.835B	18.79B
Cash From Investing Activities	-2.255B	-7.851B
Cash From Financing Activities	-1.777B	-8.850B
Net Change In Cash	-197.2M	2.084B
YoY Change	-94.74%	-149.93%
FREE CASH FLOW
Cash From Operating Activities	$3.835B	$18.79B
Capital Expenditures	$2.664B	$8.811B
Free Cash Flow	$1.171B	$9.975B
YoY Change	-33.33%	10.24%

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001066119
CY2023	dei	Document Type DocumentType	20-F
CY2023	dei	Document Registration Statement DocumentRegistrationStatement	false
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Document Shell Company Report DocumentShellCompanyReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-14475
CY2023	dei	Entity Registrant Name EntityRegistrantName	TELEFÔNICA BRASIL S.A.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	D5
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	Avenida Engenheiro Luis Carlos Berrini
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	1,376
CY2023	dei	Entity Address Address Line3 EntityAddressAddressLine3	32º floor
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	São Paulo
CY2023	dei	Entity Address Country EntityAddressCountry	BR
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	04571-936
CY2023Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1652588360	shares
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Document Accounting Standard DocumentAccountingStandard	International Financial Reporting Standards
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023	viv	Maximum Number Of Shares Repurchase MaximumNumberOfSharesRepurchase	40550121	shares
CY2023	viv	Maximum Value To Be Used In The Shares Repurchase Program MaximumValueToBeUsedInTheSharesRepurchaseProgram	500	brl
CY2023	dei	Auditor Firm AuditorFirmId	1351
CY2023	dei	Auditor Name AuditorName	PricewaterhouseCoopers Auditores Independentes Ltda.
CY2023	dei	Auditor Location AuditorLocation	São Paulo
CY2023Q4	ifrs-full	Current Assets CurrentAssets	19244962000	brl
CY2022Q4	ifrs-full	Current Assets CurrentAssets	17283910000	brl
CY2023Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	4358276000	brl
CY2022Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	2273834000	brl
CY2023Q4	ifrs-full	Current Investments CurrentInvestments	1148000	brl
CY2022Q4	ifrs-full	Current Investments CurrentInvestments	1016000	brl
CY2023Q4	ifrs-full	Trade And Other Current Receivables TradeAndOtherCurrentReceivables	9318077000	brl
CY2022Q4	ifrs-full	Trade And Other Current Receivables TradeAndOtherCurrentReceivables	8691114000	brl
CY2023Q4	ifrs-full	Inventories Inventories	822814000	brl
CY2022Q4	ifrs-full	Inventories Inventories	789724000	brl
CY2023Q4	ifrs-full	Current Prepayments CurrentPrepayments	1434042000	brl
CY2022Q4	ifrs-full	Current Prepayments CurrentPrepayments	1141521000	brl
CY2023Q4	viv	Income And Social Contribution Taxes Recoverable Current IncomeAndSocialContributionTaxesRecoverableCurrent	752593000	brl
CY2022Q4	viv	Income And Social Contribution Taxes Recoverable Current IncomeAndSocialContributionTaxesRecoverableCurrent	622460000	brl
CY2023Q4	viv	Taxes Charges And Contributions Recoverable Current TaxesChargesAndContributionsRecoverableCurrent	1937770000	brl
CY2022Q4	viv	Taxes Charges And Contributions Recoverable Current TaxesChargesAndContributionsRecoverableCurrent	2571170000	brl
CY2023Q4	ifrs-full	Current Restricted Cash And Cash Equivalents CurrentRestrictedCashAndCashEquivalents	72516000	brl
CY2022Q4	ifrs-full	Current Restricted Cash And Cash Equivalents CurrentRestrictedCashAndCashEquivalents	592369000	brl
CY2023Q4	viv	Dividends And Interest On Equity DividendsAndInterestOnEquity	51000	brl
CY2022Q4	viv	Dividends And Interest On Equity DividendsAndInterestOnEquity	0	brl
CY2023Q4	ifrs-full	Current Derivative Financial Assets CurrentDerivativeFinancialAssets	8336000	brl
CY2022Q4	ifrs-full	Current Derivative Financial Assets CurrentDerivativeFinancialAssets	113501000	brl
CY2023Q4	ifrs-full	Other Current Assets OtherCurrentAssets	539339000	brl
CY2022Q4	ifrs-full	Other Current Assets OtherCurrentAssets	487201000	brl
CY2023Q4	ifrs-full	Noncurrent Assets NoncurrentAssets	101493018000	brl
CY2022Q4	ifrs-full	Noncurrent Assets NoncurrentAssets	101837573000	brl
CY2023Q4	ifrs-full	Noncurrent Investments Other Than Investments Accounted For Using Equity Method NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod	36169000	brl
CY2022Q4	ifrs-full	Noncurrent Investments Other Than Investments Accounted For Using Equity Method NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod	43522000	brl
CY2023Q4	ifrs-full	Noncurrent Receivables NoncurrentReceivables	351036000	brl
CY2022Q4	ifrs-full	Noncurrent Receivables NoncurrentReceivables	399029000	brl
CY2023Q4	ifrs-full	Noncurrent Prepayments NoncurrentPrepayments	1472615000	brl
CY2022Q4	ifrs-full	Noncurrent Prepayments NoncurrentPrepayments	993391000	brl
CY2023Q4	ifrs-full	Net Deferred Tax Assets NetDeferredTaxAssets	177245000	brl
CY2022Q4	ifrs-full	Net Deferred Tax Assets NetDeferredTaxAssets	379093000	brl
CY2023Q4	viv	Taxes Charges And Contributions Recoverable Non Current TaxesChargesAndContributionsRecoverableNonCurrent	675305000	brl
CY2022Q4	viv	Taxes Charges And Contributions Recoverable Non Current TaxesChargesAndContributionsRecoverableNonCurrent	869460000	brl
CY2023Q4	ifrs-full	Noncurrent Restricted Cash And Cash Equivalents NoncurrentRestrictedCashAndCashEquivalents	2839413000	brl
CY2022Q4	ifrs-full	Noncurrent Restricted Cash And Cash Equivalents NoncurrentRestrictedCashAndCashEquivalents	2790618000	brl
CY2023Q4	ifrs-full	Noncurrent Derivative Financial Assets NoncurrentDerivativeFinancialAssets	76952000	brl
CY2022Q4	ifrs-full	Noncurrent Derivative Financial Assets NoncurrentDerivativeFinancialAssets	44522000	brl
CY2023Q4	ifrs-full	Other Noncurrent Assets OtherNoncurrentAssets	144291000	brl
CY2022Q4	ifrs-full	Other Noncurrent Assets OtherNoncurrentAssets	326308000	brl
CY2023Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	438870000	brl
CY2022Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	368195000	brl
CY2023Q4	ifrs-full	Property Plant And Equipment PropertyPlantAndEquipment	46318147000	brl
CY2022Q4	ifrs-full	Property Plant And Equipment PropertyPlantAndEquipment	45898185000	brl
CY2023Q4	ifrs-full	Intangible Assets And Goodwill IntangibleAssetsAndGoodwill	48962975000	brl
CY2022Q4	ifrs-full	Intangible Assets And Goodwill IntangibleAssetsAndGoodwill	49725250000	brl
CY2023Q4	ifrs-full	Assets Assets	120737980000	brl
CY2022Q4	ifrs-full	Assets Assets	119121483000	brl
CY2023Q4	ifrs-full	Current Liabilities CurrentLiabilities	20084184000	brl
CY2022Q4	ifrs-full	Current Liabilities CurrentLiabilities	22170720000	brl
CY2023Q4	ifrs-full	Current Provisions For Employee Benefits CurrentProvisionsForEmployeeBenefits	1204183000	brl
CY2022Q4	ifrs-full	Current Provisions For Employee Benefits CurrentProvisionsForEmployeeBenefits	1035652000	brl
CY2023Q4	ifrs-full	Trade And Other Current Payables TradeAndOtherCurrentPayables	8169945000	brl
CY2022Q4	ifrs-full	Trade And Other Current Payables TradeAndOtherCurrentPayables	7415798000	brl
CY2023Q4	viv	Income And Social Contribution Taxes Payable Current IncomeAndSocialContributionTaxesPayableCurrent	3515000	brl
CY2022Q4	viv	Income And Social Contribution Taxes Payable Current IncomeAndSocialContributionTaxesPayableCurrent	3064000	brl
CY2023Q4	ifrs-full	Current Tax Liabilities Current CurrentTaxLiabilitiesCurrent	1605505000	brl
CY2022Q4	ifrs-full	Current Tax Liabilities Current CurrentTaxLiabilitiesCurrent	1097512000	brl
CY2023Q4	viv	Dividend And Interest On Equity Current Payable DividendAndInterestOnEquityCurrentPayable	2247884000	brl
CY2022Q4	viv	Dividend And Interest On Equity Current Payable DividendAndInterestOnEquityCurrentPayable	3187417000	brl
CY2023Q4	ifrs-full	Other Shortterm Provisions OtherShorttermProvisions	900971000	brl
CY2022Q4	ifrs-full	Other Shortterm Provisions OtherShorttermProvisions	1878086000	brl
CY2023Q4	viv	Loans Financing Debentures And Leases Current LoansFinancingDebenturesAndLeasesCurrent	4475660000	brl
CY2022Q4	viv	Loans Financing Debentures And Leases Current LoansFinancingDebenturesAndLeasesCurrent	6019945000	brl
CY2023Q4	ifrs-full	Current Deferred Income Including Current Contract Liabilities CurrentDeferredIncomeIncludingCurrentContractLiabilities	960078000	brl
CY2022Q4	ifrs-full	Current Deferred Income Including Current Contract Liabilities CurrentDeferredIncomeIncludingCurrentContractLiabilities	845645000	brl
CY2023Q4	ifrs-full	Current Derivative Financial Liabilities CurrentDerivativeFinancialLiabilities	6948000	brl
CY2022Q4	ifrs-full	Current Derivative Financial Liabilities CurrentDerivativeFinancialLiabilities	86548000	brl
CY2023Q4	ifrs-full	Other Current Liabilities OtherCurrentLiabilities	509495000	brl
CY2022Q4	ifrs-full	Other Current Liabilities OtherCurrentLiabilities	601053000	brl
CY2023Q4	ifrs-full	Noncurrent Liabilities NoncurrentLiabilities	31026476000	brl
CY2022Q4	ifrs-full	Noncurrent Liabilities NoncurrentLiabilities	28494916000	brl
CY2023Q4	ifrs-full	Noncurrent Provisions For Employee Benefits NoncurrentProvisionsForEmployeeBenefits	81151000	brl
CY2022Q4	ifrs-full	Noncurrent Provisions For Employee Benefits NoncurrentProvisionsForEmployeeBenefits	61674000	brl
CY2023Q4	viv	Income And Social Contribution Taxes Payable Non Current IncomeAndSocialContributionTaxesPayableNonCurrent	197155000	brl
CY2022Q4	viv	Income And Social Contribution Taxes Payable Non Current IncomeAndSocialContributionTaxesPayableNonCurrent	104438000	brl
CY2023Q4	ifrs-full	Current Tax Liabilities Noncurrent CurrentTaxLiabilitiesNoncurrent	3895732000	brl
CY2022Q4	ifrs-full	Current Tax Liabilities Noncurrent CurrentTaxLiabilitiesNoncurrent	2788735000	brl
CY2023Q4	ifrs-full	Net Deferred Tax Liabilities NetDeferredTaxLiabilities	3418740000	brl
CY2022Q4	ifrs-full	Net Deferred Tax Liabilities NetDeferredTaxLiabilities	3831721000	brl
CY2023Q4	ifrs-full	Other Longterm Provisions OtherLongtermProvisions	7081666000	brl
CY2022Q4	ifrs-full	Other Longterm Provisions OtherLongtermProvisions	6732745000	brl
CY2023Q4	viv	Loans Financing Debentures And Leases Non Current LoansFinancingDebenturesAndLeasesNonCurrent	14261567000	brl
CY2022Q4	viv	Loans Financing Debentures And Leases Non Current LoansFinancingDebenturesAndLeasesNonCurrent	13281851000	brl
CY2023Q4	ifrs-full	Noncurrent Deferred Income Including Noncurrent Contract Liabilities NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities	126525000	brl
CY2022Q4	ifrs-full	Noncurrent Deferred Income Including Noncurrent Contract Liabilities NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities	137778000	brl
CY2023Q4	ifrs-full	Noncurrent Derivative Financial Liabilities NoncurrentDerivativeFinancialLiabilities	87755000	brl
CY2022Q4	ifrs-full	Noncurrent Derivative Financial Liabilities NoncurrentDerivativeFinancialLiabilities	77593000	brl
CY2023Q4	ifrs-full	Other Noncurrent Liabilities OtherNoncurrentLiabilities	1876185000	brl
CY2022Q4	ifrs-full	Other Noncurrent Liabilities OtherNoncurrentLiabilities	1478381000	brl
CY2023Q4	ifrs-full	Liabilities Liabilities	51110660000	brl
CY2022Q4	ifrs-full	Liabilities Liabilities	50665636000	brl
CY2023Q4	ifrs-full	Equity Attributable To Owners Of Parent EquityAttributableToOwnersOfParent	69566795000	brl
CY2022Q4	ifrs-full	Equity Attributable To Owners Of Parent EquityAttributableToOwnersOfParent	68403740000	brl
CY2023Q4	ifrs-full	Issued Capital IssuedCapital	63571416000	brl
CY2022	ifrs-full	Profit Loss ProfitLoss	4057902000	brl
CY2021	ifrs-full	Profit Loss ProfitLoss	6229357000	brl
CY2023	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	5029389000	brl
CY2022	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	4085013000	brl
CY2021	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	6239364000	brl
CY2023	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	10588000	brl
CY2022	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	-27111000	brl
CY2022Q4	ifrs-full	Issued Capital IssuedCapital	63571416000	brl
CY2023Q4	viv	Capital And Capital Redemption Reserves CapitalAndCapitalRedemptionReserves	63095000	brl
CY2022Q4	viv	Capital And Capital Redemption Reserves CapitalAndCapitalRedemptionReserves	149409000	brl
CY2023Q4	viv	Income Reserves IncomeReserves	5885575000	brl
CY2022Q4	viv	Income Reserves IncomeReserves	3804001000	brl
CY2023Q4	viv	Additional Proposed Dividends AdditionalProposedDividends	0	brl
CY2022Q4	viv	Additional Proposed Dividends AdditionalProposedDividends	826731000	brl
CY2023Q4	viv	Equity Valuation Adjustment EquityValuationAdjustment	46709000	brl
CY2022Q4	viv	Equity Valuation Adjustment EquityValuationAdjustment	52183000	brl
CY2023Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	60525000	brl
CY2022Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	52107000	brl
CY2023Q4	ifrs-full	Equity Equity	69627320000	brl
CY2022Q4	ifrs-full	Equity Equity	68455847000	brl
CY2023Q4	ifrs-full	Equity And Liabilities EquityAndLiabilities	120737980000	brl
CY2022Q4	ifrs-full	Equity And Liabilities EquityAndLiabilities	119121483000	brl
CY2023	ifrs-full	Revenue From Rendering Of Telecommunication Services RevenueFromRenderingOfTelecommunicationServices	52100151000	brl
CY2022	ifrs-full	Revenue From Rendering Of Telecommunication Services RevenueFromRenderingOfTelecommunicationServices	48041162000	brl
CY2021	ifrs-full	Revenue From Rendering Of Telecommunication Services RevenueFromRenderingOfTelecommunicationServices	44032613000	brl
CY2023	ifrs-full	Cost Of Sales CostOfSales	29415400000	brl
CY2022	ifrs-full	Cost Of Sales CostOfSales	27431680000	brl
CY2021	ifrs-full	Cost Of Sales CostOfSales	24781369000	brl
CY2023	ifrs-full	Gross Profit GrossProfit	22684751000	brl
CY2022	ifrs-full	Gross Profit GrossProfit	20609482000	brl
CY2021	ifrs-full	Gross Profit GrossProfit	19251244000	brl
CY2023	viv	Operating Expense Income Excluding Cost Of Sales OperatingExpenseIncomeExcludingCostOfSales	-14766926000	brl
CY2022	viv	Operating Expense Income Excluding Cost Of Sales OperatingExpenseIncomeExcludingCostOfSales	-14011571000	brl
CY2021	viv	Operating Expense Income Excluding Cost Of Sales OperatingExpenseIncomeExcludingCostOfSales	-12165135000	brl
CY2023	ifrs-full	Selling Expense SellingExpense	-12439240000	brl
CY2022	ifrs-full	Selling Expense SellingExpense	-11839126000	brl
CY2021	ifrs-full	Selling Expense SellingExpense	-11594117000	brl
CY2023	ifrs-full	General And Administrative Expense GeneralAndAdministrativeExpense	-2957296000	brl
CY2022	ifrs-full	General And Administrative Expense GeneralAndAdministrativeExpense	-2737600000	brl
CY2021	ifrs-full	General And Administrative Expense GeneralAndAdministrativeExpense	-2615905000	brl
CY2023	ifrs-full	Other Operating Income Expense OtherOperatingIncomeExpense	-640320000	brl
CY2022	ifrs-full	Other Operating Income Expense OtherOperatingIncomeExpense	-588897000	brl
CY2021	ifrs-full	Other Operating Income Expense OtherOperatingIncomeExpense	-1927625000	brl
CY2023	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	10710000	brl
CY2022	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	23742000	brl
CY2021	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	-117262000	brl
CY2023	ifrs-full	Profit Loss From Operating Activities ProfitLossFromOperatingActivities	7917825000	brl
CY2022	ifrs-full	Profit Loss From Operating Activities ProfitLossFromOperatingActivities	6597911000	brl
CY2021	ifrs-full	Profit Loss From Operating Activities ProfitLossFromOperatingActivities	7086109000	brl
CY2023	viv	Finance Income Expenses Net FinanceIncomeExpensesNet	2343909000	brl
CY2022	viv	Finance Income Expenses Net FinanceIncomeExpensesNet	1766320000	brl
CY2021	viv	Finance Income Expenses Net FinanceIncomeExpensesNet	1126580000	brl
CY2023	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	5573916000	brl
CY2022	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	4831591000	brl
CY2021	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	5959529000	brl
CY2023	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	533939000	brl
CY2022	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	773689000	brl
CY2021	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	-269828000	brl
CY2023	ifrs-full	Profit Loss ProfitLoss	5039977000	brl
CY2021	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	-10007000	brl
CY2023	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	3.03
CY2022	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	2.44
CY2021	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	3.71
CY2023	ifrs-full	Profit Loss ProfitLoss	5039977000	brl
CY2022	ifrs-full	Profit Loss ProfitLoss	4057902000	brl
CY2021	ifrs-full	Profit Loss ProfitLoss	6229357000	brl
CY2023	ifrs-full	Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax	-5414000	brl
CY2022	ifrs-full	Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax	-15834000	brl
CY2021	ifrs-full	Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax	2552000	brl
CY2023	ifrs-full	Other Comprehensive Income Before Tax Cash Flow Hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges	-922000	brl
CY2022	ifrs-full	Other Comprehensive Income Before Tax Cash Flow Hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges	642000	brl
CY2021	ifrs-full	Other Comprehensive Income Before Tax Cash Flow Hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges	5664000	brl
CY2023	ifrs-full	Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome	-314000	brl
CY2022	ifrs-full	Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome	218000	brl
CY2021	ifrs-full	Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome	1926000	brl
CY2023	ifrs-full	Other Comprehensive Income Net Of Tax Exchange Differences On Translation OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation	-4806000	brl
CY2022	ifrs-full	Other Comprehensive Income Net Of Tax Exchange Differences On Translation OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation	-16258000	brl
CY2021	ifrs-full	Other Comprehensive Income Net Of Tax Exchange Differences On Translation OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation	-1186000	brl
CY2023	ifrs-full	Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax	-99017000	brl
CY2022	ifrs-full	Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax	-51729000	brl
CY2021	ifrs-full	Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax	262615000	brl
CY2023	ifrs-full	Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-90000	brl
CY2022	ifrs-full	Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-212000	brl
CY2021	ifrs-full	Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-429000	brl
CY2023	ifrs-full	Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-30000	brl
CY2022	ifrs-full	Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-72000	brl
CY2021	ifrs-full	Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-146000	brl
CY2023	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans	-147882000	brl
CY2022	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans	-77924000	brl
CY2021	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans	396923000	brl
CY2023	ifrs-full	Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome	-48925000	brl
CY2022	ifrs-full	Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome	-26335000	brl
CY2021	ifrs-full	Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome	134025000	brl
CY2023	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	-104431000	brl
CY2022	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	-67563000	brl
CY2021	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	265167000	brl
CY2023	ifrs-full	Comprehensive Income ComprehensiveIncome	4935546000	brl
CY2022	ifrs-full	Comprehensive Income ComprehensiveIncome	3990339000	brl
CY2021	ifrs-full	Comprehensive Income ComprehensiveIncome	6494524000	brl
CY2023	ifrs-full	Comprehensive Income Attributable To Owners Of Parent ComprehensiveIncomeAttributableToOwnersOfParent	4924755000	brl
CY2022	ifrs-full	Comprehensive Income Attributable To Owners Of Parent ComprehensiveIncomeAttributableToOwnersOfParent	4017653000	brl
CY2021	ifrs-full	Comprehensive Income Attributable To Owners Of Parent ComprehensiveIncomeAttributableToOwnersOfParent	6504534000	brl
CY2023	ifrs-full	Comprehensive Income Attributable To Noncontrolling Interests ComprehensiveIncomeAttributableToNoncontrollingInterests	10791000	brl
CY2022	ifrs-full	Comprehensive Income Attributable To Noncontrolling Interests ComprehensiveIncomeAttributableToNoncontrollingInterests	-27314000	brl
CY2021	ifrs-full	Comprehensive Income Attributable To Noncontrolling Interests ComprehensiveIncomeAttributableToNoncontrollingInterests	-10010000	brl
CY2020Q4	ifrs-full	Equity Equity	69556764000	brl
CY2021	ifrs-full	Dividends Recognised As Distributions To Owners Of Parent Relating To Prior Years DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears	1587518000	brl
CY2021	viv	Increase Decrease Through Prescribed Equity Instruments Including Unclaimed Dividends And Interest On Equity Equity IncreaseDecreaseThroughPrescribedEquityInstrumentsIncludingUnclaimedDividendsAndInterestOnEquityEquity	116236000	brl
CY2021	viv	Tax Incentives On Corporate Income Tax Return Adjustments TaxIncentivesOnCorporateIncomeTaxReturnAdjustments	0	brl
CY2021	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	265167000	brl
CY2021	viv	Increase Decrease Through Equity In Fibrasil Equity IncreaseDecreaseThroughEquityInFibrasilEquity	2182000	brl
CY2021	viv	Increase Decrease Through Sale Of Investment In Cloudco Brasil Equity IncreaseDecreaseThroughSaleOfInvestmentInCloudcoBrasilEquity	79041000	brl
CY2021	viv	Increase Decrease Through Sale Of Investment Iotco Brasil Equity IncreaseDecreaseThroughSaleOfInvestmentIotcoBrasilEquity	75980000	brl
CY2021	viv	Decrease From Premium On Acquisition Of Subsidiary Equity DecreaseFromPremiumOnAcquisitionOfSubsidiaryEquity	-18000	brl
CY2021	viv	Repurchase Of Common Shares RepurchaseOfCommonShares	-495995000	brl
CY2021	ifrs-full	Profit Loss ProfitLoss	6229357000	brl
CY2021	viv	Allocation Of Income To Legal Reserve AllocationOfIncomeToLegalReserve	0	brl
CY2021	viv	Interest On Equity Gross InterestOnEquityGross	-2735000000	brl
CY2021	viv	Interest On Equity And Dividends Gross Amount InterestOnEquityAndDividendsGrossAmount	-1500000000	brl
CY2021	viv	Allocation Of Income To Additional Dividend Proposed AllocationOfIncomeToAdditionalDividendProposed	0	brl
CY2021Q4	ifrs-full	Equity Equity	70006196000	brl
CY2022	ifrs-full	Dividends Recognised As Distributions To Owners Of Parent Relating To Prior Years DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears	2028524000	brl
CY2022	viv	Increase Decrease Through Prescribed Equity Instruments Including Unclaimed Dividends And Interest On Equity Equity IncreaseDecreaseThroughPrescribedEquityInstrumentsIncludingUnclaimedDividendsAndInterestOnEquityEquity	167449000	brl
CY2022	viv	Tax Incentives On Corporate Income Tax Return Adjustments TaxIncentivesOnCorporateIncomeTaxReturnAdjustments	0	brl
CY2022	viv	Cancellation Of Common Shares To Be Held In Treasury CancellationOfCommonSharesToBeHeldInTreasury	0	brl
CY2022	viv	Repurchase Of Common Shares RepurchaseOfCommonShares	-607429000	brl
CY2022	viv	Right Of Withdrawal Approval Of Acquisition Of Garliava RightOfWithdrawalApprovalOfAcquisitionOfGarliava	-14000	brl
CY2022	viv	Decrease From Premium On Acquisition Of Subsidiary Equity DecreaseFromPremiumOnAcquisitionOfSubsidiaryEquity	2409000	brl
CY2022	viv	Effects Of Non Controlling Shareholders On Investments In Vivo Ventures EffectsOfNonControllingShareholdersOnInvestmentsInVivoVentures	421000	brl
CY2022	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	-67563000	brl
CY2022	ifrs-full	Profit Loss ProfitLoss	4057902000	brl
CY2022	viv	Allocation Of Income To Legal Reserve AllocationOfIncomeToLegalReserve	0	brl
CY2022	viv	Interest On Equity Gross InterestOnEquityGross	-2075000000	brl
CY2022	viv	Interest On Equity And Dividends Gross Amount InterestOnEquityAndDividendsGrossAmount	-1000000000	brl
CY2022	viv	Allocation Of Income To Additional Dividend Proposed AllocationOfIncomeToAdditionalDividendProposed	0	brl
CY2022Q4	ifrs-full	Equity Equity	68455847000	brl
CY2023	ifrs-full	Dividends Recognised As Distributions To Owners Of Parent Relating To Prior Years DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears	826731000	brl
CY2023	viv	Increase Decrease Through Prescribed Equity Instruments Including Unclaimed Dividends And Interest On Equity Equity IncreaseDecreaseThroughPrescribedEquityInstrumentsIncludingUnclaimedDividendsAndInterestOnEquityEquity	139766000	brl
CY2023	viv	Tax Incentives On Corporate Income Tax Return Adjustments TaxIncentivesOnCorporateIncomeTaxReturnAdjustments	0	brl
CY2023	viv	Cancellation Of Common Shares To Be Held In Treasury CancellationOfCommonSharesToBeHeldInTreasury	0	brl
CY2023	viv	Repurchase Of Common Shares RepurchaseOfCommonShares	-488758000	brl
CY2023	viv	Decrease From Premium On Acquisition Of Subsidiary Equity DecreaseFromPremiumOnAcquisitionOfSubsidiaryEquity	23000	brl
CY2023	viv	Effects Of Non Controlling Shareholders On Investments In Vivo Ventures EffectsOfNonControllingShareholdersOnInvestmentsInVivoVentures	511000	brl
CY2023	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	-104431000	brl
CY2023	ifrs-full	Profit Loss ProfitLoss	5039977000	brl
CY2023	viv	Allocation Of Income To Legal Reserve AllocationOfIncomeToLegalReserve	0	brl
CY2023	viv	Interim Interest On Equity InterimInterestOnEquity	-2588884000	brl
CY2023	viv	Reserve For Remuneration And Investments ReserveForRemunerationAndInvestments	0	brl
CY2023Q4	ifrs-full	Equity Equity	69627320000	brl
CY2023	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	5573916000	brl
CY2022	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	4831591000	brl
CY2021	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	5959529000	brl
CY2023	ifrs-full	Adjustments For Depreciation And Amortisation Expense AdjustmentsForDepreciationAndAmortisationExpense	13389573000	brl
CY2022	ifrs-full	Adjustments For Depreciation And Amortisation Expense AdjustmentsForDepreciationAndAmortisationExpense	12659873000	brl
CY2021	ifrs-full	Adjustments For Depreciation And Amortisation Expense AdjustmentsForDepreciationAndAmortisationExpense	12038331000	brl
CY2023	ifrs-full	Adjustments For Unrealised Foreign Exchange Losses Gains AdjustmentsForUnrealisedForeignExchangeLossesGains	57836000	brl
CY2022	ifrs-full	Adjustments For Unrealised Foreign Exchange Losses Gains AdjustmentsForUnrealisedForeignExchangeLossesGains	199625000	brl
CY2021	ifrs-full	Adjustments For Unrealised Foreign Exchange Losses Gains AdjustmentsForUnrealisedForeignExchangeLossesGains	-5056000	brl
CY2023	viv	Indexation Accruals On Assets And Liabilities IndexationAccrualsOnAssetsAndLiabilities	583912000	brl
CY2022	viv	Indexation Accruals On Assets And Liabilities IndexationAccrualsOnAssetsAndLiabilities	761128000	brl
CY2021	viv	Indexation Accruals On Assets And Liabilities IndexationAccrualsOnAssetsAndLiabilities	823257000	brl
CY2023	viv	Write Offs In Operations With Disposal Of Investments WriteOffsInOperationsWithDisposalOfInvestments	0	brl
CY2022	viv	Write Offs In Operations With Disposal Of Investments WriteOffsInOperationsWithDisposalOfInvestments	0	brl
CY2021	viv	Write Offs In Operations With Disposal Of Investments WriteOffsInOperationsWithDisposalOfInvestments	-358439000	brl
CY2023	ifrs-full	Adjustments For Undistributed Profits Of Associates AdjustmentsForUndistributedProfitsOfAssociates	-10710000	brl
CY2022	ifrs-full	Adjustments For Undistributed Profits Of Associates AdjustmentsForUndistributedProfitsOfAssociates	-23742000	brl
CY2021	ifrs-full	Adjustments For Undistributed Profits Of Associates AdjustmentsForUndistributedProfitsOfAssociates	117262000	brl
CY2023	ifrs-full	Adjustments For Losses Gains On Disposal Of Noncurrent Assets AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets	-403335000	brl
CY2022	ifrs-full	Adjustments For Losses Gains On Disposal Of Noncurrent Assets AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets	-708475000	brl
CY2021	ifrs-full	Adjustments For Losses Gains On Disposal Of Noncurrent Assets AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets	-847865000	brl
CY2023	ifrs-full	Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Trade And Other Receivables AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables	1362678000	brl
CY2022	ifrs-full	Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Trade And Other Receivables AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables	1315614000	brl
CY2021	ifrs-full	Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Trade And Other Receivables AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables	1436288000	brl
CY2023	ifrs-full	Adjustments For Provisions AdjustmentsForProvisions	24320000	brl
CY2022	ifrs-full	Adjustments For Provisions AdjustmentsForProvisions	251116000	brl
CY2021	ifrs-full	Adjustments For Provisions AdjustmentsForProvisions	293935000	brl
CY2023	ifrs-full	Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories	67748000	brl
CY2022	ifrs-full	Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories	34672000	brl
CY2021	ifrs-full	Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories	38441000	brl
CY2023	ifrs-full	Adjustments For Increase Decrease In Employee Benefit Liabilities AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities	66733000	brl
CY2022	ifrs-full	Adjustments For Increase Decrease In Employee Benefit Liabilities AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities	33775000	brl
CY2021	ifrs-full	Adjustments For Increase Decrease In Employee Benefit Liabilities AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities	70148000	brl
CY2023	ifrs-full	Adjustments For Increase In Other Provisions Arising From Passage Of Time AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime	661743000	brl
CY2022	ifrs-full	Adjustments For Increase In Other Provisions Arising From Passage Of Time AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime	653686000	brl
CY2021	ifrs-full	Adjustments For Increase In Other Provisions Arising From Passage Of Time AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime	1066022000	brl
CY2023	ifrs-full	Adjustments For Interest Expense AdjustmentsForInterestExpense	2092184000	brl
CY2022	ifrs-full	Adjustments For Interest Expense AdjustmentsForInterestExpense	1850286000	brl
CY2021	ifrs-full	Adjustments For Interest Expense AdjustmentsForInterestExpense	940766000	brl
CY2023	viv	Partial Debt Reversal Through Post Closing Price Adjustment Garliava Acquisition PartialDebtReversalThroughPostClosingPriceAdjustmentGarliavaAcquisition	-244229000	brl
CY2022	viv	Partial Debt Reversal Through Post Closing Price Adjustment Garliava Acquisition PartialDebtReversalThroughPostClosingPriceAdjustmentGarliavaAcquisition	0	brl
CY2021	viv	Partial Debt Reversal Through Post Closing Price Adjustment Garliava Acquisition PartialDebtReversalThroughPostClosingPriceAdjustmentGarliavaAcquisition	0	brl
CY2023	viv	Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts	340034000	brl
CY2022	viv	Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts	9811000	brl
CY2022	viv	Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts	9811000	brl
CY2021	viv	Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts	28900000	brl
CY2023	ifrs-full	Other Adjustments To Reconcile Profit Loss OtherAdjustmentsToReconcileProfitLoss	-38889000	brl
CY2022	ifrs-full	Other Adjustments To Reconcile Profit Loss OtherAdjustmentsToReconcileProfitLoss	377000	brl
CY2021	ifrs-full	Other Adjustments To Reconcile Profit Loss OtherAdjustmentsToReconcileProfitLoss	0	brl
CY2023	ifrs-full	Adjustments For Decrease Increase In Trade Account Receivable AdjustmentsForDecreaseIncreaseInTradeAccountReceivable	-1943089000	brl
CY2022	ifrs-full	Adjustments For Decrease Increase In Trade Account Receivable AdjustmentsForDecreaseIncreaseInTradeAccountReceivable	-854322000	brl
CY2021	ifrs-full	Adjustments For Decrease Increase In Trade Account Receivable AdjustmentsForDecreaseIncreaseInTradeAccountReceivable	-1404934000	brl
CY2023	ifrs-full	Adjustments For Decrease Increase In Inventories AdjustmentsForDecreaseIncreaseInInventories	-100838000	brl
CY2022	ifrs-full	Adjustments For Decrease Increase In Inventories AdjustmentsForDecreaseIncreaseInInventories	-179613000	brl
CY2021	ifrs-full	Adjustments For Decrease Increase In Inventories AdjustmentsForDecreaseIncreaseInInventories	-45166000	brl
CY2023	viv	Adjustments For Taxes Recoverable AdjustmentsForTaxesRecoverable	-376330000	brl
CY2022	viv	Adjustments For Taxes Recoverable AdjustmentsForTaxesRecoverable	-631528000	brl
CY2021	viv	Adjustments For Taxes Recoverable AdjustmentsForTaxesRecoverable	-2366998000	brl
CY2023	ifrs-full	Adjustments For Decrease Increase In Prepaid Expenses AdjustmentsForDecreaseIncreaseInPrepaidExpenses	-473260000	brl
CY2022	ifrs-full	Adjustments For Decrease Increase In Prepaid Expenses AdjustmentsForDecreaseIncreaseInPrepaidExpenses	-483711000	brl
CY2021	ifrs-full	Adjustments For Decrease Increase In Prepaid Expenses AdjustmentsForDecreaseIncreaseInPrepaidExpenses	-393333000	brl
CY2023	ifrs-full	Adjustments For Decrease Increase In Other Assets AdjustmentsForDecreaseIncreaseInOtherAssets	61646000	brl
CY2022	ifrs-full	Adjustments For Decrease Increase In Other Assets AdjustmentsForDecreaseIncreaseInOtherAssets	139213000	brl
CY2021	ifrs-full	Adjustments For Decrease Increase In Other Assets AdjustmentsForDecreaseIncreaseInOtherAssets	41987000	brl
CY2023	viv	Adjustments For Decrease Increase In Personnel Social Charges And Benefits AdjustmentsForDecreaseIncreaseInPersonnelSocialChargesAndBenefits	169537000	brl
CY2022	viv	Adjustments For Decrease Increase In Personnel Social Charges And Benefits AdjustmentsForDecreaseIncreaseInPersonnelSocialChargesAndBenefits	184741000	brl
CY2021	viv	Adjustments For Decrease Increase In Personnel Social Charges And Benefits AdjustmentsForDecreaseIncreaseInPersonnelSocialChargesAndBenefits	141849000	brl
CY2023	ifrs-full	Adjustments For Increase Decrease In Trade Account Payable AdjustmentsForIncreaseDecreaseInTradeAccountPayable	800249000	brl
CY2022	ifrs-full	Adjustments For Increase Decrease In Trade Account Payable AdjustmentsForIncreaseDecreaseInTradeAccountPayable	231890000	brl
CY2021	ifrs-full	Adjustments For Increase Decrease In Trade Account Payable AdjustmentsForIncreaseDecreaseInTradeAccountPayable	1046087000	brl
CY2023	viv	Adjustments For Decrease Increase In Taxes Charges And Contributions AdjustmentsForDecreaseIncreaseInTaxesChargesAndContributions	2421640000	brl
CY2022	viv	Adjustments For Decrease Increase In Taxes Charges And Contributions AdjustmentsForDecreaseIncreaseInTaxesChargesAndContributions	2136829000	brl
CY2021	viv	Adjustments For Decrease Increase In Taxes Charges And Contributions AdjustmentsForDecreaseIncreaseInTaxesChargesAndContributions	1715965000	brl
CY2023	viv	Adjustments For Increase Decrease In Provisions For Tax Civil Labor And Regulatory Contingencies AdjustmentsForIncreaseDecreaseInProvisionsForTaxCivilLaborAndRegulatoryContingencies	-1742676000	brl
CY2022	viv	Adjustments For Increase Decrease In Provisions For Tax Civil Labor And Regulatory Contingencies AdjustmentsForIncreaseDecreaseInProvisionsForTaxCivilLaborAndRegulatoryContingencies	-1144779000	brl
CY2021	viv	Adjustments For Increase Decrease In Provisions For Tax Civil Labor And Regulatory Contingencies AdjustmentsForIncreaseDecreaseInProvisionsForTaxCivilLaborAndRegulatoryContingencies	-1111086000	brl
CY2023	ifrs-full	Adjustments For Increase Decrease In Other Liabilities AdjustmentsForIncreaseDecreaseInOtherLiabilities	60147000	brl
CY2022	ifrs-full	Adjustments For Increase Decrease In Other Liabilities AdjustmentsForIncreaseDecreaseInOtherLiabilities	291406000	brl
CY2021	ifrs-full	Adjustments For Increase Decrease In Other Liabilities AdjustmentsForIncreaseDecreaseInOtherLiabilities	90217000	brl
CY2023	viv	Cash Flows From Operating Activities Before Interest And Taxes CashFlowsFromOperatingActivitiesBeforeInterestAndTaxes	16167976000	brl
CY2022	viv	Cash Flows From Operating Activities Before Interest And Taxes CashFlowsFromOperatingActivitiesBeforeInterestAndTaxes	16755734000	brl
CY2021	viv	Cash Flows From Operating Activities Before Interest And Taxes CashFlowsFromOperatingActivitiesBeforeInterestAndTaxes	13064254000	brl
CY2023	ifrs-full	Cash Flows From Used In Operations CashFlowsFromUsedInOperations	21741892000	brl
CY2022	ifrs-full	Cash Flows From Used In Operations CashFlowsFromUsedInOperations	21587325000	brl
CY2021	ifrs-full	Cash Flows From Used In Operations CashFlowsFromUsedInOperations	19023783000	brl
CY2023	ifrs-full	Interest Paid Classified As Operating Activities InterestPaidClassifiedAsOperatingActivities	2054278000	brl
CY2022	ifrs-full	Interest Paid Classified As Operating Activities InterestPaidClassifiedAsOperatingActivities	1531511000	brl
CY2021	ifrs-full	Interest Paid Classified As Operating Activities InterestPaidClassifiedAsOperatingActivities	853805000	brl
CY2023	ifrs-full	Income Taxes Paid Refund Classified As Operating Activities IncomeTaxesPaidRefundClassifiedAsOperatingActivities	901688000	brl
CY2022	ifrs-full	Income Taxes Paid Refund Classified As Operating Activities IncomeTaxesPaidRefundClassifiedAsOperatingActivities	1113889000	brl
CY2021	ifrs-full	Income Taxes Paid Refund Classified As Operating Activities IncomeTaxesPaidRefundClassifiedAsOperatingActivities	97378000	brl
CY2023	ifrs-full	Cash Flows From Used In Operating Activities CashFlowsFromUsedInOperatingActivities	18785926000	brl
CY2022	ifrs-full	Cash Flows From Used In Operating Activities CashFlowsFromUsedInOperatingActivities	18941925000	brl
CY2021	ifrs-full	Cash Flows From Used In Operating Activities CashFlowsFromUsedInOperatingActivities	18072600000	brl
CY2023	ifrs-full	Purchase Of Property Plant And Equipment Classified As Investing Activities PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities	8811346000	brl
CY2022	ifrs-full	Purchase Of Property Plant And Equipment Classified As Investing Activities PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities	9894116000	brl
CY2021	ifrs-full	Purchase Of Property Plant And Equipment Classified As Investing Activities PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities	9295484000	brl
CY2023	ifrs-full	Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities	434446000	brl
CY2022	ifrs-full	Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities	777996000	brl
CY2021	ifrs-full	Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities	760254000	brl
CY2023	ifrs-full	Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities	63799000	brl
CY2022	ifrs-full	Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities	4907282000	brl
CY2021	ifrs-full	Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities	0	brl
CY2023	viv	Receipts Payments Net Of Judicial Deposits ReceiptsPaymentsNetOfJudicialDeposits	-393649000	brl
CY2022	viv	Receipts Payments Net Of Judicial Deposits ReceiptsPaymentsNetOfJudicialDeposits	411682000	brl
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CY2023	ifrs-full	Proceeds From Sales Of Investments Accounted For Using Equity Method ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod	196057000	brl
CY2022	ifrs-full	Proceeds From Sales Of Investments Accounted For Using Equity Method ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod	232057000	brl
CY2021	ifrs-full	Proceeds From Sales Of Investments Accounted For Using Equity Method ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod	244139000	brl
CY2023	ifrs-full	Cash Flows From Used In Investing Activities CashFlowsFromUsedInInvestingActivities	-7850993000	brl
CY2022	ifrs-full	Cash Flows From Used In Investing Activities CashFlowsFromUsedInInvestingActivities	-14203027000	brl
CY2021	ifrs-full	Cash Flows From Used In Investing Activities CashFlowsFromUsedInInvestingActivities	-8127768000	brl
CY2023	ifrs-full	Proceeds From Borrowings Classified As Financing Activities ProceedsFromBorrowingsClassifiedAsFinancingActivities	30025000	brl
CY2022	ifrs-full	Proceeds From Borrowings Classified As Financing Activities ProceedsFromBorrowingsClassifiedAsFinancingActivities	4500000000	brl
CY2021	ifrs-full	Proceeds From Borrowings Classified As Financing Activities ProceedsFromBorrowingsClassifiedAsFinancingActivities	0	brl
CY2023	ifrs-full	Repayments Of Borrowings Classified As Financing Activities RepaymentsOfBorrowingsClassifiedAsFinancingActivities	4451943000	brl
CY2022	ifrs-full	Repayments Of Borrowings Classified As Financing Activities RepaymentsOfBorrowingsClassifiedAsFinancingActivities	6986220000	brl
CY2021	ifrs-full	Repayments Of Borrowings Classified As Financing Activities RepaymentsOfBorrowingsClassifiedAsFinancingActivities	3901147000	brl
CY2023	viv	Proceeds From Derivative Financial Instruments ProceedsFromDerivativeFinancialInstruments	27484000	brl
CY2022	viv	Proceeds From Derivative Financial Instruments ProceedsFromDerivativeFinancialInstruments	55617000	brl
CY2021	viv	Proceeds From Derivative Financial Instruments ProceedsFromDerivativeFinancialInstruments	47661000	brl
CY2023	viv	Payments For Derivative Financial Instruments PaymentsForDerivativeFinancialInstruments	135198000	brl
CY2022	viv	Payments For Derivative Financial Instruments PaymentsForDerivativeFinancialInstruments	166659000	brl
CY2021	viv	Payments For Derivative Financial Instruments PaymentsForDerivativeFinancialInstruments	52623000	brl
CY2023	ifrs-full	Payments To Acquire Or Redeem Entitys Shares PaymentsToAcquireOrRedeemEntitysShares	488758000	brl
CY2022	ifrs-full	Payments To Acquire Or Redeem Entitys Shares PaymentsToAcquireOrRedeemEntitysShares	607443000	brl
CY2021	ifrs-full	Payments To Acquire Or Redeem Entitys Shares PaymentsToAcquireOrRedeemEntitysShares	495995000	brl
CY2023	ifrs-full	Dividends Paid Classified As Financing Activities DividendsPaidClassifiedAsFinancingActivities	3832612000	brl
CY2022	ifrs-full	Dividends Paid Classified As Financing Activities DividendsPaidClassifiedAsFinancingActivities	5709263000	brl
CY2021	ifrs-full	Dividends Paid Classified As Financing Activities DividendsPaidClassifiedAsFinancingActivities	4901326000	brl
CY2023	viv	Proceeds From Capital Subscriptions Made By Noncontrolling Shareholders In Subsidiaries ProceedsFromCapitalSubscriptionsMadeByNoncontrollingShareholdersInSubsidiaries	511000	brl
CY2022	viv	Proceeds From Capital Subscriptions Made By Noncontrolling Shareholders In Subsidiaries ProceedsFromCapitalSubscriptionsMadeByNoncontrollingShareholdersInSubsidiaries	421000	brl
CY2021	viv	Proceeds From Capital Subscriptions Made By Noncontrolling Shareholders In Subsidiaries ProceedsFromCapitalSubscriptionsMadeByNoncontrollingShareholdersInSubsidiaries	45000000	brl
CY2023	ifrs-full	Cash Flows From Used In Financing Activities CashFlowsFromUsedInFinancingActivities	-8850491000	brl
CY2022	ifrs-full	Cash Flows From Used In Financing Activities CashFlowsFromUsedInFinancingActivities	-8913547000	brl
CY2021	ifrs-full	Cash Flows From Used In Financing Activities CashFlowsFromUsedInFinancingActivities	-9258430000	brl
CY2023	ifrs-full	Increase Decrease In Cash And Cash Equivalents IncreaseDecreaseInCashAndCashEquivalents	2084442000	brl
CY2022	ifrs-full	Increase Decrease In Cash And Cash Equivalents IncreaseDecreaseInCashAndCashEquivalents	-4174649000	brl
CY2021	ifrs-full	Increase Decrease In Cash And Cash Equivalents IncreaseDecreaseInCashAndCashEquivalents	686402000	brl
CY2022Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	2273834000	brl
CY2021Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	6448483000	brl
CY2020Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	5762081000	brl
CY2023Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	4358276000	brl
CY2022Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	2273834000	brl
CY2021Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	6448483000	brl
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CY2023	viv	Agreement Term AgreementTerm	P20Y
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CY2023	viv	Period Of Authorizations For The Use Of Smp Radio Spectrum With Possible Extension PeriodOfAuthorizationsForTheUseOfSMPRadioSpectrumWithPossibleExtension	P15Y
CY2023Q4	viv	Percentage Of Service Concession Fees Based On Prior Year Personal Mobile Service Revenues PercentageOfServiceConcessionFeesBasedOnPriorYearPersonalMobileServiceRevenues	0.02
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CY2022Q4	ifrs-full	Noncurrent Receivables NoncurrentReceivables	399029000	brl
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CY2022Q2	viv	Transaction Costs TransactionCosts	49600000	brl
CY2023	viv	Pencentage Of The Sale Of Customized Renewable Energy Solutions PencentageOfTheSaleOfCustomizedRenewableEnergySolutions	0.50
CY2023Q4	viv	Number Of Accesses In Vivo Platforms NumberOfAccessesInVivoPlatforms	112000000	acesses
CY2023	ifrs-full	Disclosure Of Basis Of Preparation Of Financial Statements Explanatory DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory	<span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.66pt">BASIS OF PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS</span><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span id="i355d349de70d4afbb399e67767764924_6754"></span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">a)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.11pt">Statement of compliance</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The consolidated financial statements were prepared and are being presented in accordance with the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards“).</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span id="i355d349de70d4afbb399e67767764924_6755"></span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">b)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:8.56pt">Basis of preparation and presentation</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The financial statements were prepared on a historical cost basis (except where different criteria are required) and adjusted to reflect the valuation of assets and liabilities measured at fair value or considering the mark-to-market valuation when such valuations are required by IFRS Accounting Standards.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Assets and liabilities are classified as current when it is probable that their realization or settlement will occur in the next 12 months (normal operating cycle). Otherwise, they are classified and shown as non-current. The only exception relates to the balances of deferred tax assets and liabilities, which are classified and fully shown as non-current.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Statement of Cash Flows was prepared in accordance with IAS 7 – Statement of Cash Flows and reflects the changes in cash that occurred in the years presented using the indirect method.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Board of Directors authorized the issuance of this consolidated financial statements at the meeting held on February 7, 2024.</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span id="i355d349de70d4afbb399e67767764924_6756"></span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">c)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:10.23pt">Functional and reporting currency </span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company’s financial statements for the years ended December 31, 2023, 2022 and 2021 are presented in thousands of Brazilian </span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Real/Reais</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> (R$), unless otherwise stated.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company's functional and reporting currency is the Brazilian </span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Real</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">. Transactions in foreign currency are translated into Brazilian </span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%">Reais</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> as follows: (i) assets, liabilities and shareholders' equity (excluding capital stock and capital reserves) are translated at the closing exchange rate on the balance sheet date; (ii)</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:140%"> </span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">expenses and revenues are translated at the average exchange rate, except for specific transactions that are converted by the transaction date rate; and (iii) the capital stock and capital reserves are converted at the transaction date rate.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Gains and losses from the conversion of investments abroad are recognized in the statement of comprehensive income. Gains and losses from the translation of monetary assets and liabilities between the exchange rate prevailing at the date of the transaction and the year-end closing (except for the conversion of investments abroad) are recognized in the statement of income.</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span id="i355d349de70d4afbb399e67767764924_6757"></span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">d)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:8.56pt">Basis of consolidation</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Interest held in subsidiaries or joint ventures is measured under the equity method in the individual financial statements. In the consolidated financial statements, investments and all asset and liability balances, revenues and expenses arising from transactions and equity interest in subsidiaries are eliminated entirely. Investments in joint ventures are measured under the equity method in the consolidated financial statements.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Information on the investees is presented in Note 12.b).</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span id="i355d349de70d4afbb399e67767764924_6759"></span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">e)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.11pt">Segment reporting </span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Business segments are defined as components of a company for which separate financial information is available and regularly assessed by the operational decision-making professional in definition of how to allocate funds to an individual segment and in the assessment of segment performance. Considering that: (i) all officers and managers' decisions are based on consolidated reports; (ii) the Company and its subsidiaries' mission is to provide their customers with quality telecommunications services; and (iii) all decisions related to strategic planning, finance, purchases, short- and long-term investments are made on a consolidated basis, the Company and its subsidiaries operate in a single operating segment, namely the provision of telecommunications services. </span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span id="i355d349de70d4afbb399e67767764924_6752"></span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">f)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:10.78pt">Significant accounting practices</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Significant and relevant accounting policies for the understanding of the basis of recognition and measurement applied in the preparation of the Company's financial statements are included in the respective notes to which they refer.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The accounting policies adopted in the preparation of the consolidated financial statements for the year ended December 31, 2023 are consistent with those used in the preparation of the consolidated annual financial statements for the year ended December 31, 2022 except for the changes required by the new pronouncements, interpretations and amendments, approved by the International Accounting Standards Board (IASB), which are effective from January 1, 2023, as follows:</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:13pt;text-decoration:underline">Amendment to IAS 12 – Deferred tax related to assets and liabilities arising from a single transaction:</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> In May 2021, the IASB released amendments to IAS 12, which restrict the scope of the initial recognition exception under IAS 12, so that it does not applies more to transactions that give rise to equal taxable and deductible temporary differences. The changes shall apply to transactions occurring in annual periods beginning on or after the earliest comparative period presented. In addition, at the beginning of the earliest comparative period presented, a deferred tax asset (provided there is sufficient taxable profit available) and a deferred tax liability should also be recognized for all deductible and taxable temporary differences associated with leases and decommissioning obligations.</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:13pt;text-decoration:underline">Amendments to IAS 8:</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> Definition of accounting estimates: In February 2021, the IASB issued amendments to IAS 8, which introduces the definition of 'accounting estimates'. The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and error correction. In addition, they clarify how entities use measurement techniques and inputs to develop accounting estimates.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:13pt;text-decoration:underline">Amendments to IAS 1 and IFRS Practice Statement 2:</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> Disclosure of Accounting Policies; In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgments, which provide guides and examples to help entities apply materiality judgments to the disclosure of accounting policies. The amendments are to help entities disclose accounting policies that are more useful by replacing the requirement to disclose significant accounting policies for material accounting policies and adding guidance for how entities should apply the concept of materiality to make decisions about policy disclosures accounting. Since amendments to Practice Statement 2: Making Materiality Judgments provide non-mandatory guidance on applying the definition of material to accounting policy information, an adoption date for this amendment is not required.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The adoption of these amendments did not have any impact on the individual and consolidated financial statements in the initial period of adoption (January 1, 2023).</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:underline">New IFRS pronouncements, issues, amendments and interpretations of the IASB</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The new and amended standards and interpretations issued, but not yet effective up to the date of issue of the Company's financial statements, are described below. The Company intends to adopt these new and amended standards and interpretations, if applicable, when they become effective.</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:13pt;text-decoration:underline">Amendments to IFRS 16 – Lease liability in a sale and leaseback:</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> In September 2022, the IASB issued amendments to IFRS 16 to specify the requirements that a lessee uses in measuring the lease liability arising from a sale and leaseback transaction, to ensure that the lessee does not recognize any amount of gain or loss related to the right of use that it retains. The changes must be applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16. Early application is permitted and this fact must be disclosed.</span></div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:13pt;text-decoration:underline">Amendments to IAS 1: Classification of liabilities as current or non-current:</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> In January 2020, the IASB issued changes to IAS 1, in order to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: (i) what a right to postpone settlement means; (ii) that the right to postpone must exist on the reporting date; (iii) that this classification is not affected by the likelihood of an entity exercising its right of postponement; and (iv) that only if a derivative embedded in a convertible liability is itself an equity instrument would the terms of a liability not affect its classification. Furthermore, a requirement has been introduced to require disclosure when a liability arising under a loan agreement is classified as non-current and the entity's right to defer settlement depends on compliance with future commitments within twelve months. Changes must be applied retrospectively.</span></div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">•</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;padding-left:13pt;text-decoration:underline">Supplier financing agreements - Amendments to IAS 7 and IFRS 7:</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> In May 2023, the IASB issued amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments, being: Disclosures to clarify the characteristics of financing agreements of suppliers and require additional disclosure of such agreements. The disclosure requirements in the amendments are intended to assist users of financial information in understanding the effects of supplier financing arrangements on an entity's liabilities, cash flows, and exposure to liquidity risk. Early application is permitted but will need to be disclosed.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company estimates that the adoption of these standards and amendments will not have a significant impact on the individual and consolidated financial statements in the initial period of adoption (January 1, 2024).</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company does not anticipate the early adoption of any pronouncement, interpretation or amendment that has been issued before application is mandatory. </span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span id="i355d349de70d4afbb399e67767764924_6753"></span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">g)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:8.56pt">Significant accounting judgments estimates and assumptions</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The preparation of the financial statements requires the use of certain critical accounting estimates and the exercise of judgment by the Company's management in applying its accounting policies. These estimates are based on experience, knowledge, information available at the end of the year, and other factors, including expectations of future events that are believed to be reasonable in the circumstances. Actual results involving these estimates could differ in values from those recorded in the financial statements due to the criteria inherent in the estimation process. The Company reviews its estimates at least annually.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The significant and relevant estimates and judgments applied by the Company in the preparation of these financial statements are presented in the following notes: corporate events in 2022 and 2023 (Business Combinations), trade accounts receivable; income and social contribution taxes; property, plant and equipment; intangible assets; provision and contingencies; loans and financing, debentures, leases and other creditors; pension plans and other post-employment benefits; and financial instruments and risk and capital management.</span></div>
CY2023	ifrs-full	Disclosure Of Cash And Cash Equivalents Explanatory DisclosureOfCashAndCashEquivalentsExplanatory	<span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.66pt">CASH AND CASH EQUIVALENTS</span><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">a)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.11pt">Accounting policy</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These are financial assets, measured at amortized cost, maintained in order to meet short-term cash commitments and not for investment or other purposes. The Company and its subsidiaries consider cash equivalents a short-term investment readily convertible into a known amount of cash and subject to insignificant risk of change in value and when redeemable within 90 days.</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">b)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:8.56pt">Breakdown</span></div><div style="padding-left:18pt;text-align:justify;text-indent:3.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.833%"><tr><td style="width:1.0%"></td><td style="width:71.363%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.378%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.380%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2022</span></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Short-term investments</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">4,289,932 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">2,220,385 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Cash and banks</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">68,344 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">53,449 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">4,358,276</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">2,273,834</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%">.</span></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;padding-left:11.35pt">Highly liquid short-term investments basically comprise Bank Deposit Certificates (“CDB”) and Repurchase Agreements with first tier rated financial institutions, indexed to the Interbank Deposit Certificate (“CDI”) rate, with original maturities of up to three months, and with immaterial risk of change in value, therefore classified as cash and cash equivalents. Income from these investments are recorded as financial income. On December 31, 2023, the average remuneration of these short-term investments corresponded to 101,5% of the CDI (96.70% on December 31, 2022).</span></div>
CY2023	ifrs-full	Description Of Accounting Policy To Determine Components Of Cash And Cash Equivalents DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents	<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These are financial assets, measured at amortized cost, maintained in order to meet short-term cash commitments and not for investment or other purposes. The Company and its subsidiaries consider cash equivalents a short-term investment readily convertible into a known amount of cash and subject to insignificant risk of change in value and when redeemable within 90 days.</span></div>
CY2023Q4	ifrs-full	Shortterm Investments Classified As Cash Equivalents ShorttermInvestmentsClassifiedAsCashEquivalents	4289932000	brl
CY2022Q4	ifrs-full	Shortterm Investments Classified As Cash Equivalents ShorttermInvestmentsClassifiedAsCashEquivalents	2220385000	brl
CY2023Q4	ifrs-full	Cash Cash	68344000	brl
CY2022Q4	ifrs-full	Cash Cash	53449000	brl
CY2023Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	4358276000	brl
CY2022Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	2273834000	brl
CY2022	viv	Proportion Of Average Remuneration Of Short Term Investments Corresponded To Cdi ProportionOfAverageRemunerationOfShortTermInvestmentsCorrespondedToCdi	0.9670
CY2023Q4	viv	Investment Funds Federal Deposit Insurance Corporation InvestmentFundsFederalDepositInsuranceCorporation	36169000	brl
CY2022Q4	viv	Investment Funds Federal Deposit Insurance Corporation InvestmentFundsFederalDepositInsuranceCorporation	43522000	brl
CY2023Q4	viv	Guarantee For Legal Proceedings GuaranteeForLegalProceedings	1148000	brl
CY2022Q4	viv	Guarantee For Legal Proceedings GuaranteeForLegalProceedings	1016000	brl
CY2023Q4	ifrs-full	Investments Other Than Investments Accounted For Using Equity Method InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod	37317000	brl
CY2022Q4	ifrs-full	Investments Other Than Investments Accounted For Using Equity Method InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod	44538000	brl
CY2023Q4	ifrs-full	Current Investments CurrentInvestments	1148000	brl
CY2022Q4	ifrs-full	Current Investments CurrentInvestments	1016000	brl
CY2023Q4	ifrs-full	Noncurrent Investments Other Than Investments Accounted For Using Equity Method NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod	36169000	brl
CY2022Q4	ifrs-full	Noncurrent Investments Other Than Investments Accounted For Using Equity Method NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod	43522000	brl
CY2023	ifrs-full	Disclosure Of Trade And Other Receivables Explanatory DisclosureOfTradeAndOtherReceivablesExplanatory	<span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.66pt">TRADE ACCOUNTS RECEIVABLE</span><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">a)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.11pt">Accounting policy</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These are financial assets measured initially at fair value and subsequently, at amortized cost and are evaluated by the value of the services provided and goods sold in accordance with the contracted conditions, net of estimated impairment losses. These include the services provided to customers, which were still not billed at the balance sheet date, as well as other trade accounts receivable related to the sale of cell phones, SIM cards, accessories, advertising and rent of IT equipment (“Vivo Tech” product) and credit rights of the Vivo Money FIDC. </span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company measures the provision for estimated impairment losses in an amount equal to the loss of credit expected for a lifetime.</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">b)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:8.56pt">Critical estimates and judgments</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">In determining whether the credit risk of a financial asset has increased significantly since the initial recognition and in estimating the expected credit losses, the Company considers reasonable and bearable information that is relevant and available. This includes quantitative and qualitative information and analysis, based on the Company's historical experience, credit assessment and considering forward-looking information. Although the Company believes that the assumptions used are reasonable, the results may be different.</span></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">c)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:10.23pt">Breakdown</span></div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2022</span></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Services and goods</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">10,996,158 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">10,411,091 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Interconnection amounts</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)/(2)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">683,876 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">824,960 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Vivo Money FIDC</span></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">358,000 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">182,805 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Amounts from related parties (Note 29)</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">68,924 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">67,669 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Gross accounts receivable</span></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12,106,958</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">11,486,525</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Estimated impairment losses</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2,437,845)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2,396,382)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Net accounts receivable</span></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,669,113</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,090,143</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Current </span></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">9,318,077 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">8,691,114 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Non-current </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">351,036 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">399,029 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;padding-left:11.35pt">The consolidated include R$2,551,270 and R$2,339,241 to be billed to customers on December 31, 2023 and 2022, respectively. It also includes the amounts of contractual assets (Note 25.a), shown in item d), of this note.</span></div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%">(2)</span><span style="background-color:#ffffff;color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;padding-left:11.35pt">Refer to billed amounts from other telecommunications operators.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">Balances of non-current trade accounts receivable include:</span></div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2022</span></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">B2B merchandise resale portion – 24 months</span></div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">207,405 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">235,368 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Vivo TECH product</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">424,404 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">443,761 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Nominal amount receivable</span></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">631,809</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">679,129</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Deferred financial income</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(73,696)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(88,610)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Present value of accounts receivable</span></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">558,113</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">590,519</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Estimated impairment losses</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(207,077)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(191,490)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Net amount receivable </span></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">351,036</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">399,029</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;padding-left:11.35pt">The maturity schedule of the nominal amounts and the present value of the Vivo TECH product does not exceed five years.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">On December 31, 2023, and 2022, no customer represented more than 10% of trade accounts receivable, net.</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The following are amounts receivable, by maturity:</span></div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:69.589%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.267%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">12.31.2022</span></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Falling due</span></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">7,887,693 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">7,575,318 </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Overdue – 1 to 30 days</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,134,381 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">876,229 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Overdue – 31 to 60 days</span></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">270,926 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">189,164 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Overdue – 61 to 90 days</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">140,426 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">139,827 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Overdue – 91 to 120 days</span></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">138,234 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">121,984 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Overdue – over 120 days</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">97,453 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">187,621 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Total</span></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,669,113</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">9,090,143</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">a)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:9.11pt">Changes in contractual assets</span></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:54.647%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.267%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.267%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.271%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Contract assets, gross</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Provision for losses</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Contract assets, net</span></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balance on December 31, 2021</span></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">178,601</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(31,491)</span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">147,110</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">342,688 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">342,688 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs</span></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(390,046)</span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">4,940 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(385,106)</span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balance on December 31, 2022</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">131,243</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(26,551)</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">104,692</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Additions </span></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">254,379 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">— </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">254,379 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Write-offs</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(267,826)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,861 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(265,965)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balance on December 31, 2023</span></td><td colspan="2" style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">117,796</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(24,690)</span></td><td style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">93,106</span><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt"><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%">b)</span><span style="color:#00497f;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:700;line-height:140%;padding-left:8.56pt">Changes in estimated losses for impairment</span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:83.957%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.269%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balance on December 31, 2021</span></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,171,336)</span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Supplement to estimated losses, net of reversal (Note 26)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1,315,614)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Write-off</span></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,126,600 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Business combination – Garliava (note 1.c.3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(36,032)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balance on December 31, 2022</span></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,396,382)</span></td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Supplement to estimated losses, net of reversal (Note 26)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1,362,678)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:7pt;font-weight:400;line-height:120%">Write-off</span></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1,321,215 </span></td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Balance on December 31, 2023</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(2,437,845)</span></td><td style="background-color:#ffffff;border-bottom:2pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>
CY2023	ifrs-full	Description Of Accounting Policy For Trade And Other Receivables Explanatory DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory	<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">These are financial assets measured initially at fair value and subsequently, at amortized cost and are evaluated by the value of the services provided and goods sold in accordance with the contracted conditions, net of estimated impairment losses. These include the services provided to customers, which were still not billed at the balance sheet date, as well as other trade accounts receivable related to the sale of cell phones, SIM cards, accessories, advertising and rent of IT equipment (“Vivo Tech” product) and credit rights of the Vivo Money FIDC. </span></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%">The Company measures the provision for estimated impairment losses in an amount equal to the loss of credit expected for a lifetime.</span></div>
CY2023Q4	viv	Trade And Other Receivables Services And Goods TradeAndOtherReceivablesServicesAndGoods	10996158000	brl
CY2022Q4	viv	Trade And Other Receivables Services And Goods TradeAndOtherReceivablesServicesAndGoods	10411091000	brl
CY2023Q4	viv	Trade And Other Receivables Interconnection Amounts TradeAndOtherReceivablesInterconnectionAmounts	683876000	brl
CY2022Q4	viv	Trade And Other Receivables Interconnection Amounts TradeAndOtherReceivablesInterconnectionAmounts	824960000	brl
CY2023Q4	viv	Investment Fund Receivables InvestmentFundReceivables	358000000	brl
CY2022Q4	viv	Investment Fund Receivables InvestmentFundReceivables	182805000	brl
CY2023Q4	viv	Trade Receivables Due From Related Parties TradeReceivablesDueFromRelatedParties	68924000	brl
CY2022Q4	viv	Trade Receivables Due From Related Parties TradeReceivablesDueFromRelatedParties	67669000	brl
CY2023Q4	ifrs-full	Trade And Other Receivables TradeAndOtherReceivables	9669113000	brl
CY2022Q4	ifrs-full	Trade And Other Receivables TradeAndOtherReceivables	9090143000	brl
CY2023Q4	ifrs-full	Trade And Other Current Receivables TradeAndOtherCurrentReceivables	9318077000	brl
CY2022Q4	ifrs-full	Trade And Other Current Receivables TradeAndOtherCurrentReceivables	8691114000	brl

CY2023

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Amendment Flag

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false

CY2023

dei

Document Fiscal Year Focus

DocumentFiscalYearFocus

2023

CY2023

dei

Document Fiscal Period Focus

DocumentFiscalPeriodFocus

FY

CY2023

dei

Entity Central Index Key

EntityCentralIndexKey

0001066119

CY2023

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Document Type

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20-F

CY2023

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Document Registration Statement

DocumentRegistrationStatement

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CY2023

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Document Annual Report

DocumentAnnualReport

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CY2023

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Document Period End Date

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2023-12-31

CY2023

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Current Fiscal Year End Date

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--12-31

CY2023

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Document Transition Report

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CY2023

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Document Shell Company Report

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false

CY2023

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Entity File Number

EntityFileNumber

001-14475

CY2023

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Entity Registrant Name

EntityRegistrantName

TELEFÔNICA BRASIL S.A.

CY2023

dei

Entity Incorporation State Country Code

EntityIncorporationStateCountryCode

D5

CY2023

dei

Entity Address Address Line1

EntityAddressAddressLine1

Avenida Engenheiro Luis Carlos Berrini

CY2023

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Entity Address Address Line2

EntityAddressAddressLine2

1,376

CY2023

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Entity Address Address Line3

EntityAddressAddressLine3

32º floor

CY2023

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Entity Address City Or Town

EntityAddressCityOrTown

São Paulo

CY2023

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Entity Address Country

EntityAddressCountry

BR

CY2023

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Entity Address Postal Zip Code

EntityAddressPostalZipCode

04571-936

CY2023Q4

dei

Entity Common Stock Shares Outstanding

EntityCommonStockSharesOutstanding

1652588360

shares

CY2023

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Entity Well Known Seasoned Issuer

EntityWellKnownSeasonedIssuer

Yes

CY2023

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Entity Voluntary Filers

EntityVoluntaryFilers

No

CY2023

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Entity Current Reporting Status

EntityCurrentReportingStatus

Yes

CY2023

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Entity Interactive Data Current

EntityInteractiveDataCurrent

Yes

CY2023

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Entity Filer Category

EntityFilerCategory

Large Accelerated Filer

CY2023

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Entity Emerging Growth Company

EntityEmergingGrowthCompany

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CY2023

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Document Fin Stmt Error Correction Flag

DocumentFinStmtErrorCorrectionFlag

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Document Accounting Standard

DocumentAccountingStandard

International Financial Reporting Standards

CY2023

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Entity Shell Company

EntityShellCompany

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CY2023

viv

Maximum Number Of Shares Repurchase

MaximumNumberOfSharesRepurchase

40550121

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CY2023

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Maximum Value To Be Used In The Shares Repurchase Program

MaximumValueToBeUsedInTheSharesRepurchaseProgram

500

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CY2023

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Auditor Firm

AuditorFirmId

1351

CY2023

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Auditor Name

AuditorName

PricewaterhouseCoopers Auditores Independentes Ltda.

CY2023

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Auditor Location

AuditorLocation

São Paulo

CY2023Q4

ifrs-full

Current Assets

CurrentAssets

19244962000

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CY2022Q4

ifrs-full

Current Assets

CurrentAssets

17283910000

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ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

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ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

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brl

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Current Investments

CurrentInvestments

1148000

brl

CY2022Q4

ifrs-full

Current Investments

CurrentInvestments

1016000

brl

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Trade And Other Current Receivables

TradeAndOtherCurrentReceivables

9318077000

brl

CY2022Q4

ifrs-full

Trade And Other Current Receivables

TradeAndOtherCurrentReceivables

8691114000

brl

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Inventories

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Inventories

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Current Prepayments

CurrentPrepayments

1434042000

brl

CY2022Q4

ifrs-full

Current Prepayments

CurrentPrepayments

1141521000

brl

CY2023Q4

viv

Income And Social Contribution Taxes Recoverable Current

IncomeAndSocialContributionTaxesRecoverableCurrent

752593000

brl

CY2022Q4

viv

Income And Social Contribution Taxes Recoverable Current

IncomeAndSocialContributionTaxesRecoverableCurrent

622460000

brl

CY2023Q4

viv

Taxes Charges And Contributions Recoverable Current

TaxesChargesAndContributionsRecoverableCurrent

1937770000

brl

CY2022Q4

viv

Taxes Charges And Contributions Recoverable Current

TaxesChargesAndContributionsRecoverableCurrent

2571170000

brl

CY2023Q4

ifrs-full

Current Restricted Cash And Cash Equivalents

CurrentRestrictedCashAndCashEquivalents

72516000

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Current Restricted Cash And Cash Equivalents

CurrentRestrictedCashAndCashEquivalents

592369000

brl

CY2023Q4

viv

Dividends And Interest On Equity

DividendsAndInterestOnEquity

51000

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Dividends And Interest On Equity

DividendsAndInterestOnEquity

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CY2023Q4

ifrs-full

Current Derivative Financial Assets

CurrentDerivativeFinancialAssets

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CY2022Q4

ifrs-full

Current Derivative Financial Assets

CurrentDerivativeFinancialAssets

113501000

brl

CY2023Q4

ifrs-full

Other Current Assets

OtherCurrentAssets

539339000

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CY2022Q4

ifrs-full

Other Current Assets

OtherCurrentAssets

487201000

brl

CY2023Q4

ifrs-full

Noncurrent Assets

NoncurrentAssets

101493018000

brl

CY2022Q4

ifrs-full

Noncurrent Assets

NoncurrentAssets

101837573000

brl

CY2023Q4

ifrs-full

Noncurrent Investments Other Than Investments Accounted For Using Equity Method

NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod

36169000

brl

CY2022Q4

ifrs-full

Noncurrent Investments Other Than Investments Accounted For Using Equity Method

NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod

43522000

brl

CY2023Q4

ifrs-full

Noncurrent Receivables

NoncurrentReceivables

351036000

brl

CY2022Q4

ifrs-full

Noncurrent Receivables

NoncurrentReceivables

399029000

brl

CY2023Q4

ifrs-full

Noncurrent Prepayments

NoncurrentPrepayments

1472615000

brl

CY2022Q4

ifrs-full

Noncurrent Prepayments

NoncurrentPrepayments

993391000

brl

CY2023Q4

ifrs-full

Net Deferred Tax Assets

NetDeferredTaxAssets

177245000

brl

CY2022Q4

ifrs-full

Net Deferred Tax Assets

NetDeferredTaxAssets

379093000

brl

CY2023Q4

viv

Taxes Charges And Contributions Recoverable Non Current

TaxesChargesAndContributionsRecoverableNonCurrent

675305000

brl

CY2022Q4

viv

Taxes Charges And Contributions Recoverable Non Current

TaxesChargesAndContributionsRecoverableNonCurrent

869460000

brl

CY2023Q4

ifrs-full

Noncurrent Restricted Cash And Cash Equivalents

NoncurrentRestrictedCashAndCashEquivalents

2839413000

brl

CY2022Q4

ifrs-full

Noncurrent Restricted Cash And Cash Equivalents

NoncurrentRestrictedCashAndCashEquivalents

2790618000

brl

CY2023Q4

ifrs-full

Noncurrent Derivative Financial Assets

NoncurrentDerivativeFinancialAssets

76952000

brl

CY2022Q4

ifrs-full

Noncurrent Derivative Financial Assets

NoncurrentDerivativeFinancialAssets

44522000

brl

CY2023Q4

ifrs-full

Other Noncurrent Assets

OtherNoncurrentAssets

144291000

brl

CY2022Q4

ifrs-full

Other Noncurrent Assets

OtherNoncurrentAssets

326308000

brl

CY2023Q4

ifrs-full

Investment Accounted For Using Equity Method

InvestmentAccountedForUsingEquityMethod

438870000

brl

CY2022Q4

ifrs-full

Investment Accounted For Using Equity Method

InvestmentAccountedForUsingEquityMethod

368195000

brl

CY2023Q4

ifrs-full

Property Plant And Equipment

PropertyPlantAndEquipment

46318147000

brl

CY2022Q4

ifrs-full

Property Plant And Equipment

PropertyPlantAndEquipment

45898185000

brl

CY2023Q4

ifrs-full

Intangible Assets And Goodwill

IntangibleAssetsAndGoodwill

48962975000

brl

CY2022Q4

ifrs-full

Intangible Assets And Goodwill

IntangibleAssetsAndGoodwill

49725250000

brl

CY2023Q4

ifrs-full

Assets

120737980000

brl

CY2022Q4

ifrs-full

Assets

119121483000

brl

CY2023Q4

ifrs-full

Current Liabilities

CurrentLiabilities

20084184000

brl

CY2022Q4

ifrs-full

Current Liabilities

CurrentLiabilities

22170720000

brl

CY2023Q4

ifrs-full

Current Provisions For Employee Benefits

CurrentProvisionsForEmployeeBenefits

1204183000

brl

CY2022Q4

ifrs-full

Current Provisions For Employee Benefits

CurrentProvisionsForEmployeeBenefits

1035652000

brl

CY2023Q4

ifrs-full

Trade And Other Current Payables

TradeAndOtherCurrentPayables

8169945000

brl

CY2022Q4

ifrs-full

Trade And Other Current Payables

TradeAndOtherCurrentPayables

7415798000

brl

CY2023Q4

viv

Income And Social Contribution Taxes Payable Current

IncomeAndSocialContributionTaxesPayableCurrent

3515000

brl

CY2022Q4

viv

Income And Social Contribution Taxes Payable Current

IncomeAndSocialContributionTaxesPayableCurrent

3064000

brl

CY2023Q4

ifrs-full

Current Tax Liabilities Current

CurrentTaxLiabilitiesCurrent

1605505000

brl

CY2022Q4

ifrs-full

Current Tax Liabilities Current

CurrentTaxLiabilitiesCurrent

1097512000

brl

CY2023Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

2247884000

brl

CY2022Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

3187417000

brl

CY2023Q4

ifrs-full

Other Shortterm Provisions

OtherShorttermProvisions

900971000

brl

CY2022Q4

ifrs-full

Other Shortterm Provisions

OtherShorttermProvisions

1878086000

brl

CY2023Q4

viv

Loans Financing Debentures And Leases Current

LoansFinancingDebenturesAndLeasesCurrent

4475660000

brl

CY2022Q4

viv

Loans Financing Debentures And Leases Current

LoansFinancingDebenturesAndLeasesCurrent

6019945000

brl

CY2023Q4

ifrs-full

Current Deferred Income Including Current Contract Liabilities

CurrentDeferredIncomeIncludingCurrentContractLiabilities

960078000

brl

CY2022Q4

ifrs-full

Current Deferred Income Including Current Contract Liabilities

CurrentDeferredIncomeIncludingCurrentContractLiabilities

845645000

brl

CY2023Q4

ifrs-full

Current Derivative Financial Liabilities

CurrentDerivativeFinancialLiabilities

6948000

brl

CY2022Q4

ifrs-full

Current Derivative Financial Liabilities

CurrentDerivativeFinancialLiabilities

86548000

brl

CY2023Q4

ifrs-full

Other Current Liabilities

OtherCurrentLiabilities

509495000

brl

CY2022Q4

ifrs-full

Other Current Liabilities

OtherCurrentLiabilities

601053000

brl

CY2023Q4

ifrs-full

Noncurrent Liabilities

NoncurrentLiabilities

31026476000

brl

CY2022Q4

ifrs-full

Noncurrent Liabilities

NoncurrentLiabilities

28494916000

brl

CY2023Q4

ifrs-full

Noncurrent Provisions For Employee Benefits

NoncurrentProvisionsForEmployeeBenefits

81151000

brl

CY2022Q4

ifrs-full

Noncurrent Provisions For Employee Benefits

NoncurrentProvisionsForEmployeeBenefits

61674000

brl

CY2023Q4

viv

Income And Social Contribution Taxes Payable Non Current

IncomeAndSocialContributionTaxesPayableNonCurrent

197155000

brl

CY2022Q4

viv

Income And Social Contribution Taxes Payable Non Current

IncomeAndSocialContributionTaxesPayableNonCurrent

104438000

brl

CY2023Q4

ifrs-full

Current Tax Liabilities Noncurrent

CurrentTaxLiabilitiesNoncurrent

3895732000

brl

CY2022Q4

ifrs-full

Current Tax Liabilities Noncurrent

CurrentTaxLiabilitiesNoncurrent

2788735000

brl

CY2023Q4

ifrs-full

Net Deferred Tax Liabilities

NetDeferredTaxLiabilities

3418740000

brl

CY2022Q4

ifrs-full

Net Deferred Tax Liabilities

NetDeferredTaxLiabilities

3831721000

brl

CY2023Q4

ifrs-full

Other Longterm Provisions

OtherLongtermProvisions

7081666000

brl

CY2022Q4

ifrs-full

Other Longterm Provisions

OtherLongtermProvisions

6732745000

brl

CY2023Q4

viv

Loans Financing Debentures And Leases Non Current

LoansFinancingDebenturesAndLeasesNonCurrent

14261567000

brl

CY2022Q4

viv

Loans Financing Debentures And Leases Non Current

LoansFinancingDebenturesAndLeasesNonCurrent

13281851000

brl

CY2023Q4

ifrs-full

Noncurrent Deferred Income Including Noncurrent Contract Liabilities

NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities

126525000

brl

CY2022Q4

ifrs-full

Noncurrent Deferred Income Including Noncurrent Contract Liabilities

NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities

137778000

brl

CY2023Q4

ifrs-full

Noncurrent Derivative Financial Liabilities

NoncurrentDerivativeFinancialLiabilities

87755000

brl

CY2022Q4

ifrs-full

Noncurrent Derivative Financial Liabilities

NoncurrentDerivativeFinancialLiabilities

77593000

brl

CY2023Q4

ifrs-full

Other Noncurrent Liabilities

OtherNoncurrentLiabilities

1876185000

brl

CY2022Q4

ifrs-full

Other Noncurrent Liabilities

OtherNoncurrentLiabilities

1478381000

brl

CY2023Q4

ifrs-full

Liabilities

51110660000

brl

CY2022Q4

ifrs-full

Liabilities

50665636000

brl

CY2023Q4

ifrs-full

Equity Attributable To Owners Of Parent

EquityAttributableToOwnersOfParent

69566795000

brl

CY2022Q4

ifrs-full

Equity Attributable To Owners Of Parent

EquityAttributableToOwnersOfParent

68403740000

brl

CY2023Q4

ifrs-full

Issued Capital

IssuedCapital

63571416000

brl

CY2022

ifrs-full

Profit Loss

ProfitLoss

4057902000

brl

CY2021

ifrs-full

Profit Loss

ProfitLoss

6229357000

brl

CY2023

ifrs-full

Profit Loss Attributable To Owners Of Parent

ProfitLossAttributableToOwnersOfParent

5029389000

brl

CY2022

ifrs-full

Profit Loss Attributable To Owners Of Parent

ProfitLossAttributableToOwnersOfParent

4085013000

brl

CY2021

ifrs-full

Profit Loss Attributable To Owners Of Parent

ProfitLossAttributableToOwnersOfParent

6239364000

brl

CY2023

ifrs-full

Profit Loss Attributable To Noncontrolling Interests

ProfitLossAttributableToNoncontrollingInterests

10588000

brl

CY2022

ifrs-full

Profit Loss Attributable To Noncontrolling Interests

ProfitLossAttributableToNoncontrollingInterests

-27111000

brl

CY2022Q4

ifrs-full

Issued Capital

IssuedCapital

63571416000

brl

CY2023Q4

viv

Capital And Capital Redemption Reserves

CapitalAndCapitalRedemptionReserves

63095000

brl

CY2022Q4

viv

Capital And Capital Redemption Reserves

CapitalAndCapitalRedemptionReserves

149409000

brl

CY2023Q4

viv

Income Reserves

IncomeReserves

5885575000

brl

CY2022Q4

viv

Income Reserves

IncomeReserves

3804001000

brl

CY2023Q4

viv

Additional Proposed Dividends

AdditionalProposedDividends

0

brl

CY2022Q4

viv

Additional Proposed Dividends

AdditionalProposedDividends

826731000

brl

CY2023Q4

viv

Equity Valuation Adjustment

EquityValuationAdjustment

46709000

brl

CY2022Q4

viv

Equity Valuation Adjustment

EquityValuationAdjustment

52183000

brl

CY2023Q4

ifrs-full

Noncontrolling Interests

NoncontrollingInterests

60525000

brl

CY2022Q4

ifrs-full

Noncontrolling Interests

NoncontrollingInterests

52107000

brl

CY2023Q4

ifrs-full

Equity

69627320000

brl

CY2022Q4

ifrs-full

Equity

68455847000

brl

CY2023Q4

ifrs-full

Equity And Liabilities

EquityAndLiabilities

120737980000

brl

CY2022Q4

ifrs-full

Equity And Liabilities

EquityAndLiabilities

119121483000

brl

CY2023

ifrs-full

Revenue From Rendering Of Telecommunication Services

RevenueFromRenderingOfTelecommunicationServices

52100151000

brl

CY2022

ifrs-full

Revenue From Rendering Of Telecommunication Services

RevenueFromRenderingOfTelecommunicationServices

48041162000

brl

CY2021

ifrs-full

Revenue From Rendering Of Telecommunication Services

RevenueFromRenderingOfTelecommunicationServices

44032613000

brl

CY2023

ifrs-full

Cost Of Sales

CostOfSales

29415400000

brl

CY2022

ifrs-full

Cost Of Sales

CostOfSales

27431680000

brl

CY2021

ifrs-full

Cost Of Sales

CostOfSales

24781369000

brl

CY2023

ifrs-full

Gross Profit

GrossProfit

22684751000

brl

CY2022

ifrs-full

Gross Profit

GrossProfit

20609482000

brl

CY2021

ifrs-full

Gross Profit

GrossProfit

19251244000

brl

CY2023

viv

Operating Expense Income Excluding Cost Of Sales

OperatingExpenseIncomeExcludingCostOfSales

-14766926000

brl

CY2022

viv

Operating Expense Income Excluding Cost Of Sales

OperatingExpenseIncomeExcludingCostOfSales

-14011571000

brl

CY2021

viv

Operating Expense Income Excluding Cost Of Sales

OperatingExpenseIncomeExcludingCostOfSales

-12165135000

brl

CY2023

ifrs-full

Selling Expense

SellingExpense

-12439240000

brl

CY2022

ifrs-full

Selling Expense

SellingExpense

-11839126000

brl

CY2021

ifrs-full

Selling Expense

SellingExpense

-11594117000

brl

CY2023

ifrs-full

General And Administrative Expense

GeneralAndAdministrativeExpense

-2957296000

brl

CY2022

ifrs-full

General And Administrative Expense

GeneralAndAdministrativeExpense

-2737600000

brl

CY2021

ifrs-full

General And Administrative Expense

GeneralAndAdministrativeExpense

-2615905000

brl

CY2023

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-640320000

brl

CY2022

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-588897000

brl

CY2021

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-1927625000

brl

CY2023

ifrs-full

Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method

ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod

10710000

brl

CY2022

ifrs-full

Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method

ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod

23742000

brl

CY2021

ifrs-full

Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method

ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod

-117262000

brl

CY2023

ifrs-full

Profit Loss From Operating Activities

ProfitLossFromOperatingActivities

7917825000

brl

CY2022

ifrs-full

Profit Loss From Operating Activities

ProfitLossFromOperatingActivities

6597911000

brl

CY2021

ifrs-full

Profit Loss From Operating Activities

ProfitLossFromOperatingActivities

7086109000

brl

CY2023

viv

Finance Income Expenses Net

FinanceIncomeExpensesNet

2343909000

brl

CY2022

viv

Finance Income Expenses Net

FinanceIncomeExpensesNet

1766320000

brl

CY2021

viv

Finance Income Expenses Net

FinanceIncomeExpensesNet

1126580000

brl

CY2023

ifrs-full

Profit Loss Before Tax

ProfitLossBeforeTax

5573916000

brl

CY2022

ifrs-full

Profit Loss Before Tax

ProfitLossBeforeTax

4831591000

brl

CY2021

ifrs-full

Profit Loss Before Tax

ProfitLossBeforeTax

5959529000

brl

CY2023

ifrs-full

Income Tax Expense Continuing Operations

IncomeTaxExpenseContinuingOperations

533939000

brl

CY2022

ifrs-full

Income Tax Expense Continuing Operations

IncomeTaxExpenseContinuingOperations

773689000

brl

CY2021

ifrs-full

Income Tax Expense Continuing Operations

IncomeTaxExpenseContinuingOperations

-269828000

brl

CY2023

ifrs-full

Profit Loss

ProfitLoss

5039977000

brl

CY2021

ifrs-full

Profit Loss Attributable To Noncontrolling Interests

ProfitLossAttributableToNoncontrollingInterests

-10007000

brl

CY2023

ifrs-full

Diluted Earnings Loss Per Share

DilutedEarningsLossPerShare

3.03

CY2022

ifrs-full

Diluted Earnings Loss Per Share

DilutedEarningsLossPerShare

2.44

CY2021

ifrs-full

Diluted Earnings Loss Per Share

DilutedEarningsLossPerShare

3.71

CY2023

ifrs-full

Profit Loss

ProfitLoss

5039977000

brl

CY2022

ifrs-full

Profit Loss

ProfitLoss

4057902000

brl

CY2021

ifrs-full

Profit Loss

ProfitLoss

6229357000

brl

CY2023

ifrs-full

Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax

OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax

-5414000

brl

CY2022

ifrs-full

Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax

OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax

-15834000

brl

CY2021

ifrs-full

Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax

OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax

2552000

brl

CY2023

ifrs-full

Other Comprehensive Income Before Tax Cash Flow Hedges

OtherComprehensiveIncomeBeforeTaxCashFlowHedges

-922000

brl

CY2022

ifrs-full

Other Comprehensive Income Before Tax Cash Flow Hedges

OtherComprehensiveIncomeBeforeTaxCashFlowHedges

642000

brl

CY2021

ifrs-full

Other Comprehensive Income Before Tax Cash Flow Hedges

OtherComprehensiveIncomeBeforeTaxCashFlowHedges

5664000

brl

CY2023

ifrs-full

Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income

IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome

-314000

brl

CY2022

ifrs-full

Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income

IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome

218000

brl

CY2021

ifrs-full

Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income

IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome

1926000

brl

CY2023

ifrs-full

Other Comprehensive Income Net Of Tax Exchange Differences On Translation

OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation

-4806000

brl

CY2022

ifrs-full

Other Comprehensive Income Net Of Tax Exchange Differences On Translation

OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation

-16258000

brl

CY2021

ifrs-full

Other Comprehensive Income Net Of Tax Exchange Differences On Translation

OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation

-1186000

brl

CY2023

ifrs-full

Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax

OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax

-99017000

brl

CY2022

ifrs-full

Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax

OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax

-51729000

brl

CY2021

ifrs-full

Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax

OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax

262615000

brl

CY2023

ifrs-full

Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income

OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-90000

brl

CY2022

ifrs-full

Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income

OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-212000

brl

CY2021

ifrs-full

Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income

OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-429000

brl

CY2023

ifrs-full

Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income

IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-30000

brl

CY2022

ifrs-full

Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income

IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-72000

brl

CY2021

ifrs-full

Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income

IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-146000

brl

CY2023

ifrs-full

Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans

OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans

-147882000

brl

CY2022

ifrs-full

Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans

OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans

-77924000

brl

CY2021

ifrs-full

Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans

OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans

396923000

brl

CY2023

ifrs-full

Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income

IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome

-48925000

brl

CY2022

ifrs-full

Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income

IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome

-26335000

brl

CY2021

ifrs-full

Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income

IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome

134025000

brl

CY2023

ifrs-full

Other Comprehensive Income

OtherComprehensiveIncome

-104431000

brl

CY2022

ifrs-full

Other Comprehensive Income

OtherComprehensiveIncome

-67563000

brl

CY2021

ifrs-full

Other Comprehensive Income

OtherComprehensiveIncome

265167000

brl

CY2023

ifrs-full

Comprehensive Income

ComprehensiveIncome

4935546000

brl

CY2022

ifrs-full

Comprehensive Income

ComprehensiveIncome

3990339000

brl

CY2021

ifrs-full

Comprehensive Income

ComprehensiveIncome

6494524000

brl

CY2023

ifrs-full

Comprehensive Income Attributable To Owners Of Parent

ComprehensiveIncomeAttributableToOwnersOfParent

4924755000

brl

CY2022

ifrs-full

Comprehensive Income Attributable To Owners Of Parent

ComprehensiveIncomeAttributableToOwnersOfParent

4017653000

brl

CY2021

ifrs-full

Comprehensive Income Attributable To Owners Of Parent

ComprehensiveIncomeAttributableToOwnersOfParent

6504534000

brl

CY2023

ifrs-full

Comprehensive Income Attributable To Noncontrolling Interests

ComprehensiveIncomeAttributableToNoncontrollingInterests

10791000

brl

CY2022

ifrs-full

Comprehensive Income Attributable To Noncontrolling Interests

ComprehensiveIncomeAttributableToNoncontrollingInterests

-27314000

brl

CY2021

ifrs-full

Comprehensive Income Attributable To Noncontrolling Interests

ComprehensiveIncomeAttributableToNoncontrollingInterests

-10010000

brl

CY2020Q4

ifrs-full

Equity

69556764000

brl

CY2021

ifrs-full

Dividends Recognised As Distributions To Owners Of Parent Relating To Prior Years

DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears

1587518000

brl

CY2021

viv

Increase Decrease Through Prescribed Equity Instruments Including Unclaimed Dividends And Interest On Equity Equity

IncreaseDecreaseThroughPrescribedEquityInstrumentsIncludingUnclaimedDividendsAndInterestOnEquityEquity

116236000

brl

CY2021

viv

Tax Incentives On Corporate Income Tax Return Adjustments

TaxIncentivesOnCorporateIncomeTaxReturnAdjustments

0

brl

CY2021

ifrs-full

Other Comprehensive Income

OtherComprehensiveIncome

265167000

brl

CY2021

viv

Increase Decrease Through Equity In Fibrasil Equity

IncreaseDecreaseThroughEquityInFibrasilEquity

2182000

brl

CY2021

viv

Increase Decrease Through Sale Of Investment In Cloudco Brasil Equity

IncreaseDecreaseThroughSaleOfInvestmentInCloudcoBrasilEquity

79041000

brl

CY2021

viv

Increase Decrease Through Sale Of Investment Iotco Brasil Equity

IncreaseDecreaseThroughSaleOfInvestmentIotcoBrasilEquity

75980000

brl

CY2021

viv

Decrease From Premium On Acquisition Of Subsidiary Equity

DecreaseFromPremiumOnAcquisitionOfSubsidiaryEquity

-18000

brl

CY2021

viv

Repurchase Of Common Shares

RepurchaseOfCommonShares

-495995000

brl

CY2021

ifrs-full

Profit Loss

ProfitLoss

6229357000

brl

CY2021

viv

Allocation Of Income To Legal Reserve

AllocationOfIncomeToLegalReserve

0

brl

CY2021

viv

Interest On Equity Gross

InterestOnEquityGross

-2735000000

brl

CY2021

viv

Interest On Equity And Dividends Gross Amount

InterestOnEquityAndDividendsGrossAmount

-1500000000

brl

CY2021

viv

Allocation Of Income To Additional Dividend Proposed

AllocationOfIncomeToAdditionalDividendProposed

0

brl

CY2021Q4

ifrs-full

Equity

70006196000

brl

CY2022

ifrs-full

Dividends Recognised As Distributions To Owners Of Parent Relating To Prior Years

DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears

2028524000

brl

CY2022

viv

Increase Decrease Through Prescribed Equity Instruments Including Unclaimed Dividends And Interest On Equity Equity

IncreaseDecreaseThroughPrescribedEquityInstrumentsIncludingUnclaimedDividendsAndInterestOnEquityEquity

167449000

brl

CY2022

viv

Tax Incentives On Corporate Income Tax Return Adjustments

TaxIncentivesOnCorporateIncomeTaxReturnAdjustments

0

brl

CY2022

viv

Cancellation Of Common Shares To Be Held In Treasury

CancellationOfCommonSharesToBeHeldInTreasury

0

brl

CY2022

viv

Repurchase Of Common Shares

RepurchaseOfCommonShares

-607429000

brl

CY2022

viv

Right Of Withdrawal Approval Of Acquisition Of Garliava

RightOfWithdrawalApprovalOfAcquisitionOfGarliava

-14000

brl

CY2022

viv

Decrease From Premium On Acquisition Of Subsidiary Equity

DecreaseFromPremiumOnAcquisitionOfSubsidiaryEquity

2409000

brl

CY2022

viv

Effects Of Non Controlling Shareholders On Investments In Vivo Ventures

EffectsOfNonControllingShareholdersOnInvestmentsInVivoVentures

421000

brl

CY2022

ifrs-full

Other Comprehensive Income

OtherComprehensiveIncome

-67563000

brl

CY2022

ifrs-full

Profit Loss

ProfitLoss

4057902000

brl

CY2022

viv

Allocation Of Income To Legal Reserve

AllocationOfIncomeToLegalReserve

0

brl

CY2022

viv

Interest On Equity Gross

InterestOnEquityGross

-2075000000

brl

CY2022

viv

Interest On Equity And Dividends Gross Amount

InterestOnEquityAndDividendsGrossAmount

-1000000000

brl

CY2022

viv

Allocation Of Income To Additional Dividend Proposed

AllocationOfIncomeToAdditionalDividendProposed

0

brl

CY2022Q4

ifrs-full

Equity

68455847000

brl

CY2023

ifrs-full

Dividends Recognised As Distributions To Owners Of Parent Relating To Prior Years

DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears

826731000

brl

CY2023

viv

Increase Decrease Through Prescribed Equity Instruments Including Unclaimed Dividends And Interest On Equity Equity

IncreaseDecreaseThroughPrescribedEquityInstrumentsIncludingUnclaimedDividendsAndInterestOnEquityEquity

139766000

brl

CY2023

viv

Tax Incentives On Corporate Income Tax Return Adjustments

TaxIncentivesOnCorporateIncomeTaxReturnAdjustments

0

brl

CY2023

viv

Cancellation Of Common Shares To Be Held In Treasury

CancellationOfCommonSharesToBeHeldInTreasury

0

brl

CY2023

viv

Repurchase Of Common Shares

RepurchaseOfCommonShares

-488758000

brl

CY2023

viv

Decrease From Premium On Acquisition Of Subsidiary Equity

DecreaseFromPremiumOnAcquisitionOfSubsidiaryEquity

23000

brl

CY2023

viv

Effects Of Non Controlling Shareholders On Investments In Vivo Ventures

EffectsOfNonControllingShareholdersOnInvestmentsInVivoVentures

511000

brl

CY2023

ifrs-full

Other Comprehensive Income

OtherComprehensiveIncome

-104431000

brl

CY2023

ifrs-full

Profit Loss

ProfitLoss

5039977000

brl

CY2023

viv

Allocation Of Income To Legal Reserve

AllocationOfIncomeToLegalReserve

0

brl

CY2023

viv

Interim Interest On Equity

InterimInterestOnEquity

-2588884000

brl

CY2023

viv

Reserve For Remuneration And Investments

ReserveForRemunerationAndInvestments

0

brl

CY2023Q4

ifrs-full

Equity

69627320000

brl

CY2023

ifrs-full

Profit Loss Before Tax

ProfitLossBeforeTax

5573916000

brl

CY2022

ifrs-full

Profit Loss Before Tax

ProfitLossBeforeTax

4831591000

brl

CY2021

ifrs-full

Profit Loss Before Tax

ProfitLossBeforeTax

5959529000

brl

CY2023

ifrs-full

Adjustments For Depreciation And Amortisation Expense

AdjustmentsForDepreciationAndAmortisationExpense

13389573000

brl

CY2022

ifrs-full

Adjustments For Depreciation And Amortisation Expense

AdjustmentsForDepreciationAndAmortisationExpense

12659873000

brl

CY2021

ifrs-full

Adjustments For Depreciation And Amortisation Expense

AdjustmentsForDepreciationAndAmortisationExpense

12038331000

brl

CY2023

ifrs-full

Adjustments For Unrealised Foreign Exchange Losses Gains

AdjustmentsForUnrealisedForeignExchangeLossesGains

57836000

brl

CY2022

ifrs-full

Adjustments For Unrealised Foreign Exchange Losses Gains

AdjustmentsForUnrealisedForeignExchangeLossesGains

199625000

brl

CY2021

ifrs-full

Adjustments For Unrealised Foreign Exchange Losses Gains

AdjustmentsForUnrealisedForeignExchangeLossesGains

-5056000

brl

CY2023

viv

Indexation Accruals On Assets And Liabilities

IndexationAccrualsOnAssetsAndLiabilities

583912000

brl

CY2022

viv

Indexation Accruals On Assets And Liabilities

IndexationAccrualsOnAssetsAndLiabilities

761128000

brl

CY2021

viv

Indexation Accruals On Assets And Liabilities

IndexationAccrualsOnAssetsAndLiabilities

823257000

brl

CY2023

viv

Write Offs In Operations With Disposal Of Investments

WriteOffsInOperationsWithDisposalOfInvestments

0

brl

CY2022

viv

Write Offs In Operations With Disposal Of Investments

WriteOffsInOperationsWithDisposalOfInvestments

0

brl

CY2021

viv

Write Offs In Operations With Disposal Of Investments

WriteOffsInOperationsWithDisposalOfInvestments

-358439000

brl

CY2023

ifrs-full

Adjustments For Undistributed Profits Of Associates

AdjustmentsForUndistributedProfitsOfAssociates

-10710000

brl

CY2022

ifrs-full

Adjustments For Undistributed Profits Of Associates

AdjustmentsForUndistributedProfitsOfAssociates

-23742000

brl

CY2021

ifrs-full

Adjustments For Undistributed Profits Of Associates

AdjustmentsForUndistributedProfitsOfAssociates

117262000

brl

CY2023

ifrs-full

Adjustments For Losses Gains On Disposal Of Noncurrent Assets

AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets

-403335000

brl

CY2022

ifrs-full

Adjustments For Losses Gains On Disposal Of Noncurrent Assets

AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets

-708475000

brl

CY2021

ifrs-full

Adjustments For Losses Gains On Disposal Of Noncurrent Assets

AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets

-847865000

brl

CY2023

ifrs-full

Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Trade And Other Receivables

AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables

1362678000

brl

CY2022

ifrs-full

Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Trade And Other Receivables

AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables

1315614000

brl

CY2021

ifrs-full

Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Trade And Other Receivables

AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables

1436288000

brl

CY2023

ifrs-full

Adjustments For Provisions

AdjustmentsForProvisions

24320000

brl

CY2022

ifrs-full

Adjustments For Provisions

AdjustmentsForProvisions

251116000

brl

CY2021

ifrs-full

Adjustments For Provisions

AdjustmentsForProvisions

293935000

brl

CY2023

ifrs-full

Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories

AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories

67748000

brl

CY2022

ifrs-full

Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories

AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories

34672000

brl

CY2021

ifrs-full

Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss Inventories

AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories

38441000

brl

CY2023

ifrs-full

Adjustments For Increase Decrease In Employee Benefit Liabilities

AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities

66733000

brl

CY2022

ifrs-full

Adjustments For Increase Decrease In Employee Benefit Liabilities

AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities

33775000

brl

CY2021

ifrs-full

Adjustments For Increase Decrease In Employee Benefit Liabilities

AdjustmentsForIncreaseDecreaseInEmployeeBenefitLiabilities

70148000

brl

CY2023

ifrs-full

Adjustments For Increase In Other Provisions Arising From Passage Of Time

AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime

661743000

brl

CY2022

ifrs-full

Adjustments For Increase In Other Provisions Arising From Passage Of Time

AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime

653686000

brl

CY2021

ifrs-full

Adjustments For Increase In Other Provisions Arising From Passage Of Time

AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime

1066022000

brl

CY2023

ifrs-full

Adjustments For Interest Expense

AdjustmentsForInterestExpense

2092184000

brl

CY2022

ifrs-full

Adjustments For Interest Expense

AdjustmentsForInterestExpense

1850286000

brl

CY2021

ifrs-full

Adjustments For Interest Expense

AdjustmentsForInterestExpense

940766000

brl

CY2023

viv

Partial Debt Reversal Through Post Closing Price Adjustment Garliava Acquisition

PartialDebtReversalThroughPostClosingPriceAdjustmentGarliavaAcquisition

-244229000

brl

CY2022

viv

Partial Debt Reversal Through Post Closing Price Adjustment Garliava Acquisition

PartialDebtReversalThroughPostClosingPriceAdjustmentGarliavaAcquisition

0

brl

CY2021

viv

Partial Debt Reversal Through Post Closing Price Adjustment Garliava Acquisition

PartialDebtReversalThroughPostClosingPriceAdjustmentGarliavaAcquisition

0

brl

CY2023

viv

Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts

ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts

340034000

brl

CY2022

viv

Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts

ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts

9811000

brl

CY2022

viv

Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts

ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts

9811000

brl

CY2021

viv

Reversals Of Provisions For Fines For Canceling Leases And Dismantling Contracts

ReversalsOfProvisionsForFinesForCancelingLeasesAndDismantlingContracts

28900000

brl

CY2023

ifrs-full

Other Adjustments To Reconcile Profit Loss

OtherAdjustmentsToReconcileProfitLoss

-38889000

brl

CY2022

ifrs-full

Other Adjustments To Reconcile Profit Loss

OtherAdjustmentsToReconcileProfitLoss

377000

brl

CY2021

ifrs-full

Other Adjustments To Reconcile Profit Loss

OtherAdjustmentsToReconcileProfitLoss

0

brl

CY2023

ifrs-full

Adjustments For Decrease Increase In Trade Account Receivable

AdjustmentsForDecreaseIncreaseInTradeAccountReceivable

-1943089000

brl

CY2022

ifrs-full

Adjustments For Decrease Increase In Trade Account Receivable

AdjustmentsForDecreaseIncreaseInTradeAccountReceivable

-854322000

brl

CY2021

ifrs-full

Adjustments For Decrease Increase In Trade Account Receivable

AdjustmentsForDecreaseIncreaseInTradeAccountReceivable

-1404934000

brl

CY2023

ifrs-full

Adjustments For Decrease Increase In Inventories

AdjustmentsForDecreaseIncreaseInInventories

-100838000

brl

CY2022

ifrs-full

Adjustments For Decrease Increase In Inventories

AdjustmentsForDecreaseIncreaseInInventories

-179613000

brl

CY2021

ifrs-full

Adjustments For Decrease Increase In Inventories

AdjustmentsForDecreaseIncreaseInInventories

-45166000

brl

CY2023

viv

Adjustments For Taxes Recoverable

AdjustmentsForTaxesRecoverable

-376330000

brl

CY2022

viv

Adjustments For Taxes Recoverable

AdjustmentsForTaxesRecoverable

-631528000

brl

CY2021

viv

Adjustments For Taxes Recoverable

AdjustmentsForTaxesRecoverable

-2366998000

brl

CY2023

ifrs-full

Adjustments For Decrease Increase In Prepaid Expenses

AdjustmentsForDecreaseIncreaseInPrepaidExpenses

-473260000

brl

CY2022

ifrs-full

Adjustments For Decrease Increase In Prepaid Expenses

AdjustmentsForDecreaseIncreaseInPrepaidExpenses

-483711000

brl

CY2021

ifrs-full

Adjustments For Decrease Increase In Prepaid Expenses

AdjustmentsForDecreaseIncreaseInPrepaidExpenses

-393333000

brl

CY2023

ifrs-full

Adjustments For Decrease Increase In Other Assets

AdjustmentsForDecreaseIncreaseInOtherAssets

61646000

brl

CY2022

ifrs-full

Adjustments For Decrease Increase In Other Assets

AdjustmentsForDecreaseIncreaseInOtherAssets

139213000

brl

CY2021

ifrs-full

Adjustments For Decrease Increase In Other Assets

AdjustmentsForDecreaseIncreaseInOtherAssets

41987000

brl

CY2023

viv

Adjustments For Decrease Increase In Personnel Social Charges And Benefits

AdjustmentsForDecreaseIncreaseInPersonnelSocialChargesAndBenefits

169537000

brl

CY2022

viv

Adjustments For Decrease Increase In Personnel Social Charges And Benefits

AdjustmentsForDecreaseIncreaseInPersonnelSocialChargesAndBenefits

184741000

brl

CY2021

viv

Adjustments For Decrease Increase In Personnel Social Charges And Benefits

AdjustmentsForDecreaseIncreaseInPersonnelSocialChargesAndBenefits

141849000

brl

CY2023

ifrs-full

Adjustments For Increase Decrease In Trade Account Payable

AdjustmentsForIncreaseDecreaseInTradeAccountPayable

800249000

brl

CY2022

ifrs-full

Adjustments For Increase Decrease In Trade Account Payable

AdjustmentsForIncreaseDecreaseInTradeAccountPayable

231890000

brl

CY2021

ifrs-full

Adjustments For Increase Decrease In Trade Account Payable

AdjustmentsForIncreaseDecreaseInTradeAccountPayable

1046087000

brl

CY2023

viv

Adjustments For Decrease Increase In Taxes Charges And Contributions

AdjustmentsForDecreaseIncreaseInTaxesChargesAndContributions

2421640000

brl

CY2022

viv

Adjustments For Decrease Increase In Taxes Charges And Contributions

AdjustmentsForDecreaseIncreaseInTaxesChargesAndContributions

2136829000

brl

CY2021

viv

Adjustments For Decrease Increase In Taxes Charges And Contributions

AdjustmentsForDecreaseIncreaseInTaxesChargesAndContributions

1715965000

brl

CY2023

viv

Adjustments For Increase Decrease In Provisions For Tax Civil Labor And Regulatory Contingencies

AdjustmentsForIncreaseDecreaseInProvisionsForTaxCivilLaborAndRegulatoryContingencies

-1742676000

brl

CY2022

viv

Adjustments For Increase Decrease In Provisions For Tax Civil Labor And Regulatory Contingencies

AdjustmentsForIncreaseDecreaseInProvisionsForTaxCivilLaborAndRegulatoryContingencies

-1144779000

brl

CY2021

viv

Adjustments For Increase Decrease In Provisions For Tax Civil Labor And Regulatory Contingencies

AdjustmentsForIncreaseDecreaseInProvisionsForTaxCivilLaborAndRegulatoryContingencies

-1111086000

brl

CY2023

ifrs-full

Adjustments For Increase Decrease In Other Liabilities

AdjustmentsForIncreaseDecreaseInOtherLiabilities

60147000

brl

CY2022

ifrs-full

Adjustments For Increase Decrease In Other Liabilities

AdjustmentsForIncreaseDecreaseInOtherLiabilities

291406000

brl

CY2021

ifrs-full

Adjustments For Increase Decrease In Other Liabilities

AdjustmentsForIncreaseDecreaseInOtherLiabilities

90217000

brl

CY2023

viv

Cash Flows From Operating Activities Before Interest And Taxes

CashFlowsFromOperatingActivitiesBeforeInterestAndTaxes

16167976000

brl

CY2022

viv

Cash Flows From Operating Activities Before Interest And Taxes

CashFlowsFromOperatingActivitiesBeforeInterestAndTaxes

16755734000

brl

CY2021

viv

Cash Flows From Operating Activities Before Interest And Taxes

CashFlowsFromOperatingActivitiesBeforeInterestAndTaxes

13064254000

brl

CY2023

ifrs-full

Cash Flows From Used In Operations

CashFlowsFromUsedInOperations

21741892000

brl

CY2022

ifrs-full

Cash Flows From Used In Operations

CashFlowsFromUsedInOperations

21587325000

brl

CY2021

ifrs-full

Cash Flows From Used In Operations

CashFlowsFromUsedInOperations

19023783000

brl

CY2023

ifrs-full

Interest Paid Classified As Operating Activities

InterestPaidClassifiedAsOperatingActivities

2054278000

brl

CY2022

ifrs-full

Interest Paid Classified As Operating Activities

InterestPaidClassifiedAsOperatingActivities

1531511000

brl

CY2021

ifrs-full

Interest Paid Classified As Operating Activities

InterestPaidClassifiedAsOperatingActivities

853805000

brl

CY2023

ifrs-full

Income Taxes Paid Refund Classified As Operating Activities

IncomeTaxesPaidRefundClassifiedAsOperatingActivities

901688000

brl

CY2022

ifrs-full

Income Taxes Paid Refund Classified As Operating Activities

IncomeTaxesPaidRefundClassifiedAsOperatingActivities

1113889000

brl

CY2021

ifrs-full

Income Taxes Paid Refund Classified As Operating Activities

IncomeTaxesPaidRefundClassifiedAsOperatingActivities

97378000

brl

CY2023

ifrs-full

Cash Flows From Used In Operating Activities

CashFlowsFromUsedInOperatingActivities

18785926000

brl

CY2022

ifrs-full

Cash Flows From Used In Operating Activities

CashFlowsFromUsedInOperatingActivities

18941925000

brl

CY2021

ifrs-full

Cash Flows From Used In Operating Activities

CashFlowsFromUsedInOperatingActivities

18072600000

brl

CY2023

ifrs-full

Purchase Of Property Plant And Equipment Classified As Investing Activities

PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities

8811346000

brl

CY2022

ifrs-full

Purchase Of Property Plant And Equipment Classified As Investing Activities

PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities

9894116000

brl

CY2021

ifrs-full

Purchase Of Property Plant And Equipment Classified As Investing Activities

PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities

9295484000

brl

CY2023

ifrs-full

Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities

ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities

434446000

brl

CY2022

ifrs-full

Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities

ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities

777996000

brl

CY2021

ifrs-full

Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities

ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities

760254000

brl

CY2023

ifrs-full

Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities

OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities

63799000

brl

CY2022

ifrs-full

Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities

OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities

4907282000

brl

CY2021

ifrs-full

Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities

OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities

0

brl

CY2023

viv

Receipts Payments Net Of Judicial Deposits

ReceiptsPaymentsNetOfJudicialDeposits

-393649000

brl

CY2022

viv

Receipts Payments Net Of Judicial Deposits

ReceiptsPaymentsNetOfJudicialDeposits

411682000

brl

CY2021

viv

Receipts Payments Net Of Judicial Deposits

ReceiptsPaymentsNetOfJudicialDeposits

-163323000

brl

CY2023

ifrs-full

Proceeds From Sales Of Investments Accounted For Using Equity Method

ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod

196057000

brl

CY2022

ifrs-full

Proceeds From Sales Of Investments Accounted For Using Equity Method

ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod

232057000

brl

CY2021

ifrs-full

Proceeds From Sales Of Investments Accounted For Using Equity Method

ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod

244139000

brl

CY2023

ifrs-full

Cash Flows From Used In Investing Activities

CashFlowsFromUsedInInvestingActivities

-7850993000

brl

CY2022

ifrs-full

Cash Flows From Used In Investing Activities

CashFlowsFromUsedInInvestingActivities

-14203027000

brl

CY2021

ifrs-full

Cash Flows From Used In Investing Activities

CashFlowsFromUsedInInvestingActivities

-8127768000

brl

CY2023

ifrs-full

Proceeds From Borrowings Classified As Financing Activities

ProceedsFromBorrowingsClassifiedAsFinancingActivities

30025000

brl

CY2022

ifrs-full

Proceeds From Borrowings Classified As Financing Activities

ProceedsFromBorrowingsClassifiedAsFinancingActivities

4500000000

brl

CY2021

ifrs-full

Proceeds From Borrowings Classified As Financing Activities

ProceedsFromBorrowingsClassifiedAsFinancingActivities

0

brl

CY2023

ifrs-full

Repayments Of Borrowings Classified As Financing Activities

RepaymentsOfBorrowingsClassifiedAsFinancingActivities

4451943000

brl

CY2022

ifrs-full

Repayments Of Borrowings Classified As Financing Activities

RepaymentsOfBorrowingsClassifiedAsFinancingActivities

6986220000

brl

CY2021

ifrs-full

Repayments Of Borrowings Classified As Financing Activities

RepaymentsOfBorrowingsClassifiedAsFinancingActivities

3901147000

brl

CY2023

viv

Proceeds From Derivative Financial Instruments

ProceedsFromDerivativeFinancialInstruments

27484000

brl

CY2022

viv

Proceeds From Derivative Financial Instruments

ProceedsFromDerivativeFinancialInstruments

55617000

brl

CY2021

viv

Proceeds From Derivative Financial Instruments

ProceedsFromDerivativeFinancialInstruments

47661000

brl

CY2023

viv

Payments For Derivative Financial Instruments

PaymentsForDerivativeFinancialInstruments

135198000

brl

CY2022

viv

Payments For Derivative Financial Instruments

PaymentsForDerivativeFinancialInstruments

166659000

brl

CY2021

viv

Payments For Derivative Financial Instruments

PaymentsForDerivativeFinancialInstruments

52623000

brl

CY2023

ifrs-full

Payments To Acquire Or Redeem Entitys Shares

PaymentsToAcquireOrRedeemEntitysShares

488758000

brl

CY2022

ifrs-full

Payments To Acquire Or Redeem Entitys Shares

PaymentsToAcquireOrRedeemEntitysShares

607443000

brl

CY2021

ifrs-full

Payments To Acquire Or Redeem Entitys Shares

PaymentsToAcquireOrRedeemEntitysShares

495995000

brl

CY2023

ifrs-full

Dividends Paid Classified As Financing Activities

DividendsPaidClassifiedAsFinancingActivities

3832612000

brl

CY2022

ifrs-full

Dividends Paid Classified As Financing Activities

DividendsPaidClassifiedAsFinancingActivities

5709263000

brl

CY2021

ifrs-full

Dividends Paid Classified As Financing Activities

DividendsPaidClassifiedAsFinancingActivities

4901326000

brl

CY2023

viv

Proceeds From Capital Subscriptions Made By Noncontrolling Shareholders In Subsidiaries

ProceedsFromCapitalSubscriptionsMadeByNoncontrollingShareholdersInSubsidiaries

511000

brl

CY2022

viv

Proceeds From Capital Subscriptions Made By Noncontrolling Shareholders In Subsidiaries

ProceedsFromCapitalSubscriptionsMadeByNoncontrollingShareholdersInSubsidiaries

421000

brl

CY2021

viv

Proceeds From Capital Subscriptions Made By Noncontrolling Shareholders In Subsidiaries

ProceedsFromCapitalSubscriptionsMadeByNoncontrollingShareholdersInSubsidiaries

45000000

brl

CY2023

ifrs-full

Cash Flows From Used In Financing Activities

CashFlowsFromUsedInFinancingActivities

-8850491000

brl

CY2022

ifrs-full

Cash Flows From Used In Financing Activities

CashFlowsFromUsedInFinancingActivities

-8913547000

brl

CY2021

ifrs-full

Cash Flows From Used In Financing Activities

CashFlowsFromUsedInFinancingActivities

-9258430000

brl

CY2023

ifrs-full

Increase Decrease In Cash And Cash Equivalents

IncreaseDecreaseInCashAndCashEquivalents

2084442000

brl

CY2022

ifrs-full

Increase Decrease In Cash And Cash Equivalents

IncreaseDecreaseInCashAndCashEquivalents

-4174649000

brl

CY2021

ifrs-full

Increase Decrease In Cash And Cash Equivalents

IncreaseDecreaseInCashAndCashEquivalents

686402000

brl

CY2022Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

2273834000

brl

CY2021Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

6448483000

brl

CY2020Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

5762081000

brl

CY2023Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

4358276000

brl

CY2022Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

2273834000

brl

CY2021Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

6448483000

brl

CY2023

viv

Periodicity Of Payment Of Fee Payable In Service Concession Agreement Term

PeriodicityOfPaymentOfFeePayableInServiceConcessionAgreementTerm

P2Y

CY2023

viv

Agreement Term

AgreementTerm

P20Y

CY2023Q4

viv

Percentage Of Service Concession Fees Based On Prior Year Fixed Switched Telephone Service Concession Arrangement Revenues

PercentageOfServiceConcessionFeesBasedOnPriorYearFixedSwitchedTelephoneServiceConcessionArrangementRevenues

0.02

CY2023

viv

Period Of Authorizations For The Use Of Smp Radio Spectrum With Possible Extension

PeriodOfAuthorizationsForTheUseOfSMPRadioSpectrumWithPossibleExtension

P15Y

CY2023Q4

viv

Percentage Of Service Concession Fees Based On Prior Year Personal Mobile Service Revenues

PercentageOfServiceConcessionFeesBasedOnPriorYearPersonalMobileServiceRevenues

0.02

CY2023Q4

viv

Percentage Of Service Concession Fees Based On Prior Year Personal Mobile Service Revenues In Fifteen Year Of Agreement Term

PercentageOfServiceConcessionFeesBasedOnPriorYearPersonalMobileServiceRevenuesInFifteenYearOfAgreementTerm

0.01

CY2022Q2

viv

Period Of Investment To Be Made

PeriodOfInvestmentToBeMade

P5Y

CY2022Q2

viv

Payment Amount Subject To Achievement Of Certain Targets For Migrating Customer Bases And Frequencies

PaymentAmountSubjectToAchievementOfCertainTargetsForMigratingCustomerBasesAndFrequencies

110205

brl

CY2023Q4

ifrs-full

Contingent Liabilities Recognised As Of Acquisition Date

ContingentLiabilitiesRecognisedAsOfAcquisitionDate

453697

brl

CY2023Q4

ifrs-full

Current Assets Recognised As Of Acquisition Date

CurrentAssetsRecognisedAsOfAcquisitionDate

542289000

brl

CY2023Q4

ifrs-full

Current Liabilities Recognised As Of Acquisition Date

CurrentLiabilitiesRecognisedAsOfAcquisitionDate

1157474000

brl

CY2023Q4

ifrs-full

Cash And Cash Equivalents Recognised As Of Acquisition Date

CashAndCashEquivalentsRecognisedAsOfAcquisitionDate

64056000

brl

CY2023Q4

viv

Leases Current Recognised As Of Acquisition Date

LeasesCurrentRecognisedAsOfAcquisitionDate

107590000

brl

CY2023Q4

viv

Other Current Assets Recognised As Of Acquisition Date

OtherCurrentAssetsRecognisedAsOfAcquisitionDate

478233000

brl

CY2023Q4

viv

Provisions As Of Acquisition Date

ProvisionsAsOfAcquisitionDate

655827000

brl

CY2023Q4

viv

Other Current Liabilities Recognised As Of Acquisition Date

OtherCurrentLiabilitiesRecognisedAsOfAcquisitionDate

394057000

brl

CY2023Q4

ifrs-full

Noncurrent Assets Recognised As Of Acquisition Date

NoncurrentAssetsRecognisedAsOfAcquisitionDate

3647190000

brl

CY2023Q4

ifrs-full

Noncurrent Liabilities Recognised As Of Acquisition Date

NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate

935131000

brl

CY2023Q4

ifrs-full

Longterm Deposits

LongtermDeposits

264263000

brl

CY2023Q4

viv

Leases Non Current Recognised As Of Acquisition Date

LeasesNonCurrentRecognisedAsOfAcquisitionDate

481434000

brl

CY2023Q4

ifrs-full

Deferred Tax Assets Recognised As Of Acquisition Date

DeferredTaxAssetsRecognisedAsOfAcquisitionDate

218670000

brl

CY2023Q4

viv

Provisions Non Current Recognised As Of Acquisition Date

ProvisionsNonCurrentRecognisedAsOfAcquisitionDate

453697000

brl

CY2023Q4

viv

Other Noncurrent Assets Recognised As Of Acquisition Date

OtherNoncurrentAssetsRecognisedAsOfAcquisitionDate

45593000

brl

CY2023Q4

ifrs-full

Property Plant And Equipment Recognised As Of Acquisition Date

PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate

674166000

brl

CY2023Q4

viv

Liabilities Assumed As Of Acquisition Date

LiabilitiesAssumedAsOfAcquisitionDate

2092605000

brl

CY2023Q4

ifrs-full

Identifiable Intangible Assets Recognised As Of Acquisition Date

IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate

2708761000

brl

CY2023Q4

ifrs-full

Identifiable Assets Acquired Liabilities Assumed

IdentifiableAssetsAcquiredLiabilitiesAssumed

2096874000

brl

CY2023Q4

ifrs-full

Goodwill Recognised As Of Acquisition Date

GoodwillRecognisedAsOfAcquisitionDate

3394710000

brl

CY2023Q4

ifrs-full

Noncurrent Receivables

NoncurrentReceivables

351036000

brl

CY2022Q4

ifrs-full

Noncurrent Receivables

NoncurrentReceivables

399029000

brl

CY2023Q4

ifrs-full

Financial Assets Recognised As Of Acquisition Date

FinancialAssetsRecognisedAsOfAcquisitionDate

4189479000

brl

CY2023Q4

ifrs-full

Acquisitiondate Fair Value Of Total Consideration Transferred

AcquisitiondateFairValueOfTotalConsiderationTransferred

5491584000

brl

CY2023

ifrs-full

Writedowns Reversals Of Property Plant And Equipment

WritedownsReversalsOfPropertyPlantAndEquipment

131578

brl

CY2023Q4

ifrs-full

Contingent Liabilities Recognised As Of Acquisition Date

ContingentLiabilitiesRecognisedAsOfAcquisitionDate

453697

brl

CY2023Q4

viv

Penalties Related To Termination Of Tower Contracts

PenaltiesRelatedToTerminationOfTowerContracts

589024000

brl

CY2023Q4

ifrs-full

Deferred Tax Liabilities Recognised As Of Acquisition Date

DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate

154257

brl

CY2022Q2

viv

Transaction Costs

TransactionCosts

49600000

brl

CY2023

viv

Pencentage Of The Sale Of Customized Renewable Energy Solutions

PencentageOfTheSaleOfCustomizedRenewableEnergySolutions

0.50

CY2023Q4

viv

Number Of Accesses In Vivo Platforms

NumberOfAccessesInVivoPlatforms

112000000

acesses

CY2023

ifrs-full

Disclosure Of Basis Of Preparation Of Financial Statements Explanatory

DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory

BASIS OF PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Statement of compliance</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The consolidated financial statements were prepared and are being presented in accordance with the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards“).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Basis of preparation and presentation</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The financial statements were prepared on a historical cost basis (except where different criteria are required) and adjusted to reflect the valuation of assets and liabilities measured at fair value or considering the mark-to-market valuation when such valuations are required by IFRS Accounting Standards.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Assets and liabilities are classified as current when it is probable that their realization or settlement will occur in the next 12 months (normal operating cycle). Otherwise, they are classified and shown as non-current. The only exception relates to the balances of deferred tax assets and liabilities, which are classified and fully shown as non-current.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Statement of Cash Flows was prepared in accordance with IAS 7 – Statement of Cash Flows and reflects the changes in cash that occurred in the years presented using the indirect method.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Board of Directors authorized the issuance of this consolidated financial statements at the meeting held on February 7, 2024.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Functional and reporting currency </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company’s financial statements for the years ended December 31, 2023, 2022 and 2021 are presented in thousands of Brazilian Real/Reais (R$), unless otherwise stated.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's functional and reporting currency is the Brazilian Real. Transactions in foreign currency are translated into Brazilian Reais as follows: (i) assets, liabilities and shareholders' equity (excluding capital stock and capital reserves) are translated at the closing exchange rate on the balance sheet date; (ii) expenses and revenues are translated at the average exchange rate, except for specific transactions that are converted by the transaction date rate; and (iii) the capital stock and capital reserves are converted at the transaction date rate.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Gains and losses from the conversion of investments abroad are recognized in the statement of comprehensive income. Gains and losses from the translation of monetary assets and liabilities between the exchange rate prevailing at the date of the transaction and the year-end closing (except for the conversion of investments abroad) are recognized in the statement of income.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Basis of consolidation</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Interest held in subsidiaries or joint ventures is measured under the equity method in the individual financial statements. In the consolidated financial statements, investments and all asset and liability balances, revenues and expenses arising from transactions and equity interest in subsidiaries are eliminated entirely. Investments in joint ventures are measured under the equity method in the consolidated financial statements.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Information on the investees is presented in Note 12.b).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">e)Segment reporting </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Business segments are defined as components of a company for which separate financial information is available and regularly assessed by the operational decision-making professional in definition of how to allocate funds to an individual segment and in the assessment of segment performance. Considering that: (i) all officers and managers' decisions are based on consolidated reports; (ii) the Company and its subsidiaries' mission is to provide their customers with quality telecommunications services; and (iii) all decisions related to strategic planning, finance, purchases, short- and long-term investments are made on a consolidated basis, the Company and its subsidiaries operate in a single operating segment, namely the provision of telecommunications services. </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">f)Significant accounting practices</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Significant and relevant accounting policies for the understanding of the basis of recognition and measurement applied in the preparation of the Company's financial statements are included in the respective notes to which they refer.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The accounting policies adopted in the preparation of the consolidated financial statements for the year ended December 31, 2023 are consistent with those used in the preparation of the consolidated annual financial statements for the year ended December 31, 2022 except for the changes required by the new pronouncements, interpretations and amendments, approved by the International Accounting Standards Board (IASB), which are effective from January 1, 2023, as follows:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Amendment to IAS 12 – Deferred tax related to assets and liabilities arising from a single transaction: In May 2021, the IASB released amendments to IAS 12, which restrict the scope of the initial recognition exception under IAS 12, so that it does not applies more to transactions that give rise to equal taxable and deductible temporary differences. The changes shall apply to transactions occurring in annual periods beginning on or after the earliest comparative period presented. In addition, at the beginning of the earliest comparative period presented, a deferred tax asset (provided there is sufficient taxable profit available) and a deferred tax liability should also be recognized for all deductible and taxable temporary differences associated with leases and decommissioning obligations.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Amendments to IAS 8: Definition of accounting estimates: In February 2021, the IASB issued amendments to IAS 8, which introduces the definition of 'accounting estimates'. The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and error correction. In addition, they clarify how entities use measurement techniques and inputs to develop accounting estimates.</div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Amendments to IAS 1 and IFRS Practice Statement 2: Disclosure of Accounting Policies; In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgments, which provide guides and examples to help entities apply materiality judgments to the disclosure of accounting policies. The amendments are to help entities disclose accounting policies that are more useful by replacing the requirement to disclose significant accounting policies for material accounting policies and adding guidance for how entities should apply the concept of materiality to make decisions about policy disclosures accounting. Since amendments to Practice Statement 2: Making Materiality Judgments provide non-mandatory guidance on applying the definition of material to accounting policy information, an adoption date for this amendment is not required.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The adoption of these amendments did not have any impact on the individual and consolidated financial statements in the initial period of adoption (January 1, 2023).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">New IFRS pronouncements, issues, amendments and interpretations of the IASB</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The new and amended standards and interpretations issued, but not yet effective up to the date of issue of the Company's financial statements, are described below. The Company intends to adopt these new and amended standards and interpretations, if applicable, when they become effective.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Amendments to IFRS 16 – Lease liability in a sale and leaseback: In September 2022, the IASB issued amendments to IFRS 16 to specify the requirements that a lessee uses in measuring the lease liability arising from a sale and leaseback transaction, to ensure that the lessee does not recognize any amount of gain or loss related to the right of use that it retains. The changes must be applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16. Early application is permitted and this fact must be disclosed.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Amendments to IAS 1: Classification of liabilities as current or non-current: In January 2020, the IASB issued changes to IAS 1, in order to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: (i) what a right to postpone settlement means; (ii) that the right to postpone must exist on the reporting date; (iii) that this classification is not affected by the likelihood of an entity exercising its right of postponement; and (iv) that only if a derivative embedded in a convertible liability is itself an equity instrument would the terms of a liability not affect its classification. Furthermore, a requirement has been introduced to require disclosure when a liability arising under a loan agreement is classified as non-current and the entity's right to defer settlement depends on compliance with future commitments within twelve months. Changes must be applied retrospectively.</div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Supplier financing agreements - Amendments to IAS 7 and IFRS 7: In May 2023, the IASB issued amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments, being: Disclosures to clarify the characteristics of financing agreements of suppliers and require additional disclosure of such agreements. The disclosure requirements in the amendments are intended to assist users of financial information in understanding the effects of supplier financing arrangements on an entity's liabilities, cash flows, and exposure to liquidity risk. Early application is permitted but will need to be disclosed.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company estimates that the adoption of these standards and amendments will not have a significant impact on the individual and consolidated financial statements in the initial period of adoption (January 1, 2024).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company does not anticipate the early adoption of any pronouncement, interpretation or amendment that has been issued before application is mandatory. </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">g)Significant accounting judgments estimates and assumptions</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The preparation of the financial statements requires the use of certain critical accounting estimates and the exercise of judgment by the Company's management in applying its accounting policies. These estimates are based on experience, knowledge, information available at the end of the year, and other factors, including expectations of future events that are believed to be reasonable in the circumstances. Actual results involving these estimates could differ in values from those recorded in the financial statements due to the criteria inherent in the estimation process. The Company reviews its estimates at least annually.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The significant and relevant estimates and judgments applied by the Company in the preparation of these financial statements are presented in the following notes: corporate events in 2022 and 2023 (Business Combinations), trade accounts receivable; income and social contribution taxes; property, plant and equipment; intangible assets; provision and contingencies; loans and financing, debentures, leases and other creditors; pension plans and other post-employment benefits; and financial instruments and risk and capital management.</div>

CY2023

ifrs-full

Disclosure Of Cash And Cash Equivalents Explanatory

DisclosureOfCashAndCashEquivalentsExplanatory

CASH AND CASH EQUIVALENTS<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are financial assets, measured at amortized cost, maintained in order to meet short-term cash commitments and not for investment or other purposes. The Company and its subsidiaries consider cash equivalents a short-term investment readily convertible into a known amount of cash and subject to insignificant risk of change in value and when redeemable within 90 days.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Breakdown</div><div style="padding-left:18pt;text-align:justify;text-indent:3.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.833%"><tr><td style="width:1.0%"></td><td style="width:71.363%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.378%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.380%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Short-term investments(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,289,932 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,220,385 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Cash and banks(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,344 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">53,449 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,358,276 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,273,834 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table>.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Highly liquid short-term investments basically comprise Bank Deposit Certificates (“CDB”) and Repurchase Agreements with first tier rated financial institutions, indexed to the Interbank Deposit Certificate (“CDI”) rate, with original maturities of up to three months, and with immaterial risk of change in value, therefore classified as cash and cash equivalents. Income from these investments are recorded as financial income. On December 31, 2023, the average remuneration of these short-term investments corresponded to 101,5% of the CDI (96.70% on December 31, 2022).</div>

CY2023

ifrs-full

Description Of Accounting Policy To Determine Components Of Cash And Cash Equivalents

DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are financial assets, measured at amortized cost, maintained in order to meet short-term cash commitments and not for investment or other purposes. The Company and its subsidiaries consider cash equivalents a short-term investment readily convertible into a known amount of cash and subject to insignificant risk of change in value and when redeemable within 90 days.</div>

CY2023Q4

ifrs-full

Shortterm Investments Classified As Cash Equivalents

ShorttermInvestmentsClassifiedAsCashEquivalents

4289932000

brl

CY2022Q4

ifrs-full

Shortterm Investments Classified As Cash Equivalents

ShorttermInvestmentsClassifiedAsCashEquivalents

2220385000

brl

CY2023Q4

ifrs-full

Cash

68344000

brl

CY2022Q4

ifrs-full

Cash

53449000

brl

CY2023Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

4358276000

brl

CY2022Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

2273834000

brl

CY2022

viv

Proportion Of Average Remuneration Of Short Term Investments Corresponded To Cdi

ProportionOfAverageRemunerationOfShortTermInvestmentsCorrespondedToCdi

0.9670

CY2023Q4

viv

Investment Funds Federal Deposit Insurance Corporation

InvestmentFundsFederalDepositInsuranceCorporation

36169000

brl

CY2022Q4

viv

Investment Funds Federal Deposit Insurance Corporation

InvestmentFundsFederalDepositInsuranceCorporation

43522000

brl

CY2023Q4

viv

Guarantee For Legal Proceedings

GuaranteeForLegalProceedings

1148000

brl

CY2022Q4

viv

Guarantee For Legal Proceedings

GuaranteeForLegalProceedings

1016000

brl

CY2023Q4

ifrs-full

Investments Other Than Investments Accounted For Using Equity Method

InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod

37317000

brl

CY2022Q4

ifrs-full

Investments Other Than Investments Accounted For Using Equity Method

InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod

44538000

brl

CY2023Q4

ifrs-full

Current Investments

CurrentInvestments

1148000

brl

CY2022Q4

ifrs-full

Current Investments

CurrentInvestments

1016000

brl

CY2023Q4

ifrs-full

Noncurrent Investments Other Than Investments Accounted For Using Equity Method

NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod

36169000

brl

CY2022Q4

ifrs-full

Noncurrent Investments Other Than Investments Accounted For Using Equity Method

NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod

43522000

brl

CY2023

ifrs-full

Disclosure Of Trade And Other Receivables Explanatory

DisclosureOfTradeAndOtherReceivablesExplanatory

TRADE ACCOUNTS RECEIVABLE<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are financial assets measured initially at fair value and subsequently, at amortized cost and are evaluated by the value of the services provided and goods sold in accordance with the contracted conditions, net of estimated impairment losses. These include the services provided to customers, which were still not billed at the balance sheet date, as well as other trade accounts receivable related to the sale of cell phones, SIM cards, accessories, advertising and rent of IT equipment (“Vivo Tech” product) and credit rights of the Vivo Money FIDC. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company measures the provision for estimated impairment losses in an amount equal to the loss of credit expected for a lifetime.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In determining whether the credit risk of a financial asset has increased significantly since the initial recognition and in estimating the expected credit losses, the Company considers reasonable and bearable information that is relevant and available. This includes quantitative and qualitative information and analysis, based on the Company's historical experience, credit assessment and considering forward-looking information. Although the Company believes that the assumptions used are reasonable, the results may be different.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Breakdown</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Services and goods(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,996,158 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,411,091 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Interconnection amounts(1)/(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">683,876 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">824,960 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Vivo Money FIDC</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">358,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">182,805 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Amounts from related parties (Note 29)(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,924 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">67,669 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Gross accounts receivable</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,106,958 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11,486,525 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,437,845)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,396,382)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net accounts receivable</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,669,113 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,090,143 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,318,077 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,691,114 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">351,036 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">399,029 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)The consolidated include R$2,551,270 and R$2,339,241 to be billed to customers on December 31, 2023 and 2022, respectively. It also includes the amounts of contractual assets (Note 25.a), shown in item d), of this note.</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Refer to billed amounts from other telecommunications operators.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Balances of non-current trade accounts receivable include:</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">B2B merchandise resale portion – 24 months</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">207,405 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">235,368 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Vivo TECH product(1)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">424,404 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">443,761 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Nominal amount receivable</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">631,809 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">679,129 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred financial income</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(73,696)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(88,610)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Present value of accounts receivable</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">558,113 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">590,519 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(207,077)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(191,490)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net amount receivable </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">351,036 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">399,029 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)The maturity schedule of the nominal amounts and the present value of the Vivo TECH product does not exceed five years.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, and 2022, no customer represented more than 10% of trade accounts receivable, net.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The following are amounts receivable, by maturity:</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:69.589%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.267%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Falling due</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,887,693 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,575,318 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Overdue – 1 to 30 days</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,134,381 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">876,229 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Overdue – 31 to 60 days</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">270,926 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">189,164 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Overdue – 61 to 90 days</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">140,426 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">139,827 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Overdue – 91 to 120 days</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">138,234 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">121,984 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Overdue – over 120 days</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">97,453 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">187,621 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,669,113 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,090,143 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Changes in contractual assets</div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:54.647%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.267%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.267%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.271%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Contract assets, gross</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Provision for losses</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Contract assets, net</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">178,601 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(31,491)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">147,110 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">342,688 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">342,688 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(390,046)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,940 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(385,106)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">131,243 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(26,551)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104,692 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">254,379 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">254,379 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(267,826)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,861 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(265,965)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">117,796 </td><td style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,690)</td><td style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">93,106 </td><td style="background-color:#eeefef;border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Changes in estimated losses for impairment</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:83.957%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.269%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,171,336)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Supplement to estimated losses, net of reversal (Note 26)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,315,614)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Write-off</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,126,600 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Business combination – Garliava (note 1.c.3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,032)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,396,382)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Supplement to estimated losses, net of reversal (Note 26)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,362,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Write-off</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,321,215 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,437,845)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023

ifrs-full

Description Of Accounting Policy For Trade And Other Receivables Explanatory

DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are financial assets measured initially at fair value and subsequently, at amortized cost and are evaluated by the value of the services provided and goods sold in accordance with the contracted conditions, net of estimated impairment losses. These include the services provided to customers, which were still not billed at the balance sheet date, as well as other trade accounts receivable related to the sale of cell phones, SIM cards, accessories, advertising and rent of IT equipment (“Vivo Tech” product) and credit rights of the Vivo Money FIDC. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company measures the provision for estimated impairment losses in an amount equal to the loss of credit expected for a lifetime.</div>

CY2023Q4

viv

Trade And Other Receivables Services And Goods

TradeAndOtherReceivablesServicesAndGoods

10996158000

brl

CY2022Q4

viv

Trade And Other Receivables Services And Goods

TradeAndOtherReceivablesServicesAndGoods

10411091000

brl

CY2023Q4

viv

Trade And Other Receivables Interconnection Amounts

TradeAndOtherReceivablesInterconnectionAmounts

683876000

brl

CY2022Q4

viv

Trade And Other Receivables Interconnection Amounts

TradeAndOtherReceivablesInterconnectionAmounts

824960000

brl

CY2023Q4

viv

Investment Fund Receivables

InvestmentFundReceivables

358000000

brl

CY2022Q4

viv

Investment Fund Receivables

InvestmentFundReceivables

182805000

brl

CY2023Q4

viv

Trade Receivables Due From Related Parties

TradeReceivablesDueFromRelatedParties

68924000

brl

CY2022Q4

viv

Trade Receivables Due From Related Parties

TradeReceivablesDueFromRelatedParties

67669000

brl

CY2023Q4

ifrs-full

Trade And Other Receivables

TradeAndOtherReceivables

9669113000

brl

CY2022Q4

ifrs-full

Trade And Other Receivables

TradeAndOtherReceivables

9090143000

brl

CY2023Q4

ifrs-full

Trade And Other Current Receivables

TradeAndOtherCurrentReceivables

9318077000

brl

CY2022Q4

ifrs-full

Trade And Other Current Receivables

TradeAndOtherCurrentReceivables

8691114000

brl

CY2023Q4

viv

Trade And Other Receivables Unbilled Amounts

TradeAndOtherReceivablesUnbilledAmounts

2551270000

brl

CY2022Q4

viv

Trade And Other Receivables Unbilled Amounts

TradeAndOtherReceivablesUnbilledAmounts

2339241000

brl

CY2023Q4

viv

Non Current Receivables From Resale Of Goods To Other Entities

NonCurrentReceivablesFromResaleOfGoodsToOtherEntities

207405000

brl

CY2022Q4

viv

Non Current Receivables From Resale Of Goods To Other Entities

NonCurrentReceivablesFromResaleOfGoodsToOtherEntities

235368000

brl

CY2023Q4

viv

Noncurrent Net Investment In Finance Lease

NoncurrentNetInvestmentInFinanceLease

424404000

brl

CY2022Q4

viv

Noncurrent Net Investment In Finance Lease

NoncurrentNetInvestmentInFinanceLease

443761000

brl

CY2023Q4

viv

Gross Investment In Finance Lease

GrossInvestmentInFinanceLease

631809000

brl

CY2022Q4

viv

Gross Investment In Finance Lease

GrossInvestmentInFinanceLease

679129000

brl

CY2023Q4

viv

Unearned Finance Income On Finance Leases

UnearnedFinanceIncomeOnFinanceLeases

73696000

brl

CY2022Q4

viv

Unearned Finance Income On Finance Leases

UnearnedFinanceIncomeOnFinanceLeases

88610000

brl

CY2023Q4

viv

Minimum Finance Lease Payments Receivables At Present Value

MinimumFinanceLeasePaymentsReceivablesAtPresentValue

558113000

brl

CY2022Q4

viv

Minimum Finance Lease Payments Receivables At Present Value

MinimumFinanceLeasePaymentsReceivablesAtPresentValue

590519000

brl

CY2023Q4

viv

Estimated Impairment Losses In Finance Lease

EstimatedImpairmentLossesInFinanceLease

207077000

brl

CY2022Q4

viv

Estimated Impairment Losses In Finance Lease

EstimatedImpairmentLossesInFinanceLease

191490000

brl

CY2023Q4

ifrs-full

Net Investment In Finance Lease

NetInvestmentInFinanceLease

351036000

brl

CY2022Q4

ifrs-full

Net Investment In Finance Lease

NetInvestmentInFinanceLease

399029000

brl

CY2023

viv

Lease Maturity Term Maximum

LeaseMaturityTermMaximum

P5Y

CY2023

viv

Percent Of Trade Account Receivables

PercentOfTradeAccountReceivables

0.10

CY2023Q4

ifrs-full

Trade Receivables

TradeReceivables

9669113000

brl

CY2022Q4

ifrs-full

Trade Receivables

TradeReceivables

9090143000

brl

CY2023

ifrs-full

Explanation Of Significant Changes In Contract Assets And Contract Liabilities Explanatory

ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory

CY2021Q4

ifrs-full

Contract Assets

ContractAssets

147110000

brl

CY2022

ifrs-full

Increase Decrease Through Cumulative Catchup Adjustments To Revenue Contract Assets

IncreaseDecreaseThroughCumulativeCatchupAdjustmentsToRevenueContractAssets

342688000

brl

CY2022

ifrs-full

Decrease Through Impairment Contract Assets

DecreaseThroughImpairmentContractAssets

385106000

brl

CY2022Q4

ifrs-full

Contract Assets

ContractAssets

104692000

brl

CY2023

ifrs-full

Increase Decrease Through Cumulative Catchup Adjustments To Revenue Contract Assets

IncreaseDecreaseThroughCumulativeCatchupAdjustmentsToRevenueContractAssets

254379000

brl

CY2023

ifrs-full

Decrease Through Impairment Contract Assets

DecreaseThroughImpairmentContractAssets

265965000

brl

CY2023Q4

ifrs-full

Contract Assets

ContractAssets

93106000

brl

CY2023

ifrs-full

Disclosure Of Allowance For Credit Losses Explanatory

DisclosureOfAllowanceForCreditLossesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:83.957%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.269%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,171,336)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Supplement to estimated losses, net of reversal (Note 26)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,315,614)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Write-off</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,126,600 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Business combination – Garliava (note 1.c.3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,032)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,396,382)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Supplement to estimated losses, net of reversal (Note 26)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,362,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Write-off</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,321,215 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,437,845)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2022Q4

viv

Prepaid Financial Charges

PrepaidFinancialCharges

37585000

brl

CY2023

ifrs-full

Disclosure Of Inventories Explanatory

DisclosureOfInventoriesExplanatory

INVENTORIES<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are evaluated and presented at the lower of average acquisition cost and net realizable value, whichever is lower. These include resale materials such as cellphones, SIM cards, accessories, consumption materials and maintenance. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs to sell.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Estimated impairment losses are set up for materials and devices considered obsolete or whose carrying amounts are in excess of those usually sold within a reasonable period. Additions and reversals of estimated impairment losses and inventory obsolescence are included in cost of goods sold (Note 26).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Breakdown</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials for resale</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">836,799 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">772,469 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials for consumption</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,422 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,255 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other inventories</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,263 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45,906 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Gross inventories</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">914,484 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">854,630 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated losses from impairment or obsolescence</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(91,670)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(64,906)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Net total</td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">822,814 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">789,724 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023

ifrs-full

Description Of Accounting Policy For Measuring Inventories

DescriptionOfAccountingPolicyForMeasuringInventories

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are evaluated and presented at the lower of average acquisition cost and net realizable value, whichever is lower. These include resale materials such as cellphones, SIM cards, accessories, consumption materials and maintenance. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs to sell.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Estimated impairment losses are set up for materials and devices considered obsolete or whose carrying amounts are in excess of those usually sold within a reasonable period. Additions and reversals of estimated impairment losses and inventory obsolescence are included in cost of goods sold (Note 26).</div>

CY2023Q4

ifrs-full

Current Inventories Held For Sale

CurrentInventoriesHeldForSale

836799000

brl

CY2022Q4

ifrs-full

Current Inventories Held For Sale

CurrentInventoriesHeldForSale

772469000

brl

CY2023Q4

ifrs-full

Raw Materials

RawMaterials

38422000

brl

CY2022Q4

ifrs-full

Raw Materials

RawMaterials

36255000

brl

CY2023Q4

ifrs-full

Other Inventories

OtherInventories

39263000

brl

CY2022Q4

ifrs-full

Other Inventories

OtherInventories

45906000

brl

CY2023Q4

ifrs-full

Inventories

822814000

brl

CY2022Q4

ifrs-full

Inventories

789724000

brl

CY2023

ifrs-full

Disclosure Of Prepayments And Other Assets Explanatory

DisclosureOfPrepaymentsAndOtherAssetsExplanatory

<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Incremental costs in obtaining contracts with customers (1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,986,764 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,433,893 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Software and networks maintenance</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">397,931 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">306,438 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Advertising and publicity</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">197,315 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">191,366 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Personal</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">120,138 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">78,698 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Financial charges </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">101,743 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">37,585 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Rental</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,067 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">35,336 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Insurance, satellites and links and other </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">82,701 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,596 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,906,657 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,134,912 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,434,042 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,141,521 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,472,615 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">993,391 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Incremental costs in obtaining contracts with customers are substantially represented by sales commissions paid to partners to obtain customer contracts arising from the adoption of IFRS 15, which are deferred to income in accordance with the term of the contract and/or economic benefit to be generated, usually 2 to 6 years.</div>

CY2023Q4

viv

Prepaid Incremental Costs

PrepaidIncrementalCosts

1986764000

brl

CY2022Q4

viv

Prepaid Incremental Costs

PrepaidIncrementalCosts

1433893000

brl

CY2023Q4

viv

Prepaid Software And Networks Maintenance

PrepaidSoftwareAndNetworksMaintenance

397931000

brl

CY2022Q4

viv

Prepaid Software And Networks Maintenance

PrepaidSoftwareAndNetworksMaintenance

306438000

brl

CY2023Q4

viv

Prepaid Advertising And Publicity

PrepaidAdvertisingAndPublicity

197315000

brl

CY2022Q4

viv

Prepaid Advertising And Publicity

PrepaidAdvertisingAndPublicity

191366000

brl

CY2023Q4

viv

Prepaid Personal

PrepaidPersonal

120138000

brl

CY2022Q4

viv

Prepaid Personal

PrepaidPersonal

78698000

brl

CY2023Q4

viv

Prepaid Financial Charges

PrepaidFinancialCharges

101743000

brl

CY2023Q4

viv

Prepaid Rental

PrepaidRental

20067000

brl

CY2022Q4

viv

Prepaid Rental

PrepaidRental

35336000

brl

CY2023Q4

viv

Prepayments Insurance Satellites And Links And Other

PrepaymentsInsuranceSatellitesAndLinksAndOther

82701000

brl

CY2022Q4

viv

Prepayments Insurance Satellites And Links And Other

PrepaymentsInsuranceSatellitesAndLinksAndOther

51596000

brl

CY2023Q4

ifrs-full

Prepayments

2906657000

brl

CY2022Q4

ifrs-full

Prepayments

2134912000

brl

CY2023Q4

ifrs-full

Current Prepayments

CurrentPrepayments

1434042000

brl

CY2022Q4

ifrs-full

Current Prepayments

CurrentPrepayments

1141521000

brl

CY2023Q4

ifrs-full

Noncurrent Prepayments

NoncurrentPrepayments

1472615000

brl

CY2022Q4

ifrs-full

Noncurrent Prepayments

NoncurrentPrepayments

993391000

brl

CY2024

ifrs-full

Disclosure Of Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers Explanatory

DisclosureOfAssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomersExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:84.963%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2021</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">766,730 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,165,051 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs (amortizations)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(578,671)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Garliava (Note 1.c.3)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">80,783 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,433,893 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,255,877 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs (amortizations)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(703,006)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,986,764 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2021Q4

ifrs-full

Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers

AssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomers

766730000

brl

CY2022

viv

Increase Through Additions Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers

IncreaseThroughAdditionsAssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomers

1165051000

brl

CY2022

ifrs-full

Amortisation Assets Recognised From Costs Incurred To Obtain Or Fulfil Contracts With Customers

AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers

578671000

brl

CY2022

viv

Increase Decrease Through Business Combinations Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers

IncreaseDecreaseThroughBusinessCombinationsAssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomers

80783000

brl

CY2022Q4

ifrs-full

Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers

AssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomers

1433893000

brl

CY2023

viv

Increase Through Additions Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers

IncreaseThroughAdditionsAssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomers

1255877000

brl

CY2023

ifrs-full

Amortisation Assets Recognised From Costs Incurred To Obtain Or Fulfil Contracts With Customers

AmortisationAssetsRecognisedFromCostsIncurredToObtainOrFulfilContractsWithCustomers

703006000

brl

CY2023Q4

ifrs-full

Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers

AssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomers

1986764000

brl

CY2023

ifrs-full

Disclosure Of Income Tax Explanatory

DisclosureOfIncomeTaxExplanatory

INCOME AND SOCIAL CONTRIBUTION TAXES<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">a.1)Current taxes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Current tax assets and liabilities are measured at the estimated amount recoverable from, or payable to, the tax authorities. The tax rates and laws used in calculating the amounts referred to above are those in effect, or substantially in effect, at year-end. In the balance sheet, current taxes are presented net of prepayments over the year. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Current income and social contribution taxes, related to items directly recognized in equity, are also recognized in equity. Management regularly assesses the tax position in circumstances in which tax regulation requires interpretation and sets up provision therefore when appropriate.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">a.2)Deferred taxes </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Deferred tax is generated by temporary differences at the balance sheet date between the tax bases of assets and liabilities and their carrying amounts.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Deferred tax assets are recognized for all deductible temporary differences, unused tax credits and losses, to the extent that taxable profit is likely to be available for realization of deductible temporary differences and unused tax credits and losses are likely to be used, except: (i) when the deferred tax asset related to the deductible temporary difference arises from initial recognition of an asset or liability in a transaction other than a business combination and does not impact, at the transaction date, the book profit, income or loss for tax purposes; and (ii) on deductible temporary differences related to investments in subsidiaries that deferred tax assets are recognized only to the extent that it is probable that temporary differences will be reversed in the near future and taxable profit is likely be available so that temporary differences can be used.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit shall be available to allow all or part of the deferred tax asset to be used. Derecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Deferred tax liabilities are recognized on all temporary tax differences, except: (i) when the deferred tax liability arises from initial recognition of non-deductible goodwill, or an asset or liability in a transaction other than a business combination, and does not affect book profit or taxable profit or tax losses on the transaction date; and (ii) on temporary tax differences related to investments in subsidiaries, in which the temporary difference reversal period can be controlled and temporary differences are not likely to be reversed in the near future.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Deferred tax assets and liabilities are measured at the tax rate expected to be applicable for the year the asset will be realized, or the liability will be settled, based on the rates provided in tax legislation and that were published as at year-end.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Deferred tax assets and liabilities are not discounted to present value and are classified in the balance sheet as non-current, irrespective of their expected realization.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The tax effects of items recorded directly in equity are also recognized in equity. Deferred tax items are recognized based on the transaction which gave rise to that deferred tax, in comprehensive income or directly in equity.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Deferred tax assets and liabilities are presented net when there is a legal or constructive right to offset a tax asset against a tax liability and deferred taxes relate to the same taxpaying entity and are subject to the same tax authority.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">There are uncertainties regarding the interpretation of complex tax regulations and the amount and timing of future taxable profits. The Company and its subsidiaries set up provision, based on estimates, for possible consequences of different interpretation by the tax authorities. The amount of this provision is based on various factors, such as previous tax audit experience and different interpretations of tax regulations by the taxable entity and by the relevant tax authority. Such differences in interpretation may arise on a wide variety of issues depending on the conditions prevailing in the respective domicile of the Company or those of its subsidiaries.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries evaluate the recoverability of deferred tax assets based on estimates of future profits. This recoverability ultimately depends on the ability to generate taxable profits over the period in which the deferred tax asset is deductible. The analysis considers the reversal period of deferred tax liabilities, as well as estimates of taxable profits, based on updated internal projections reflecting the latest trends. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Determining the proper classification of the tax items depends on several factors, including an estimate of the period and the realization of the deferred tax asset and the expected date of payments of these taxes. The actual flow of receipt and payment of income tax could differ from estimates made by the Company and its subsidiaries, as a result of changes in tax laws or of unexpected future transactions that may have an impact on tax balances. </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Income and social contribution taxes recoverable</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Income taxes recoverable</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">649,400 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">542,325 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Social contribution taxes recoverable</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">103,193 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">80,135 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">752,593 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">622,460 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Income and social contribution taxes payable</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Income taxes payable</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">149,763 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">80,828 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Social contribution taxes payable </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50,907 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,674 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">200,670 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">107,502 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,515 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,064 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">197,155 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104,438 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The amounts on December 31, 2023 and 2022, include R$198,205 and R$104,438, respectively, referring to taxes covered by IFRIC 23 (Note 8.g).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">e)Deferred taxes</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.1)Breakdown and changes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the composition and movement of the main components of deferred income tax (“IR”) and social contribution (“CS”).</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:31.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.811%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2021</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Income statement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on Business combination – Garliava (Note 1.3.c)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Income statement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2023</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax assets (liabilities)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div>Income and social contribution taxes on tax losses(1)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,812,790 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(446,080)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,366,710 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(268,979)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,097,731 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Income and social contribution taxes on temporary differences(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,863,086)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">798,889 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,189 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">218,670 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,819,338)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">400,539 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,573 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,339,226)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Provision for legal, labor, tax civil and regulatory contingencies</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,079,570 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">183,889 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">191,930 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,455,389 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(65,121)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,390,268 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trade accounts payable and other provision</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,134,942 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">370,418 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,505,360 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">390,283 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,895,643 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Customer portfolio and trademarks</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(236,918)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,477 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(210,441)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,283 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(178,158)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated losses on impairment of accounts receivable</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">610,332 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">56,067 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">666,399 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(44,353)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">622,046 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated losses from modems and other P&E items</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">125,218 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,906)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,509 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">181,821 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(71,836)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">109,985 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Pension plans and other post-employment benefits </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">217,894 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,079 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">258,308 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,798 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,229 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">364,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Profit sharing</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">163,268 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,480 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">189,748 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,672 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">223,420 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Licenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,681,921)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">228,663 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,453,258)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">86,856 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,366,402)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Goodwill (Spanish and Navytree, Vivo Part., GVT Part. and Garliava)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,240,590)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,240,590)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(203,217)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,443,807)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Property, plant and equipment of small value</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(889,433)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(139,905)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,029,338)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(161,340)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,190,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Technological Innovation Law</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,093)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,319 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,774)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,616 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,158)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">On other temporary differences (3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(132,355)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">41,308 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(146)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(41,769)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(132,962)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">373,898 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">344 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">241,280 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total deferred tax (Liabilities), non-current</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,050,296)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,809 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,189 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">218,670 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,452,628)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">131,560 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,573 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,241,495)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax assets</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,898,149 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,674,222 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,177,084 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax liabilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,948,445)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(12,126,850)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(12,418,579)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax liabilities, net</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,050,296)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,452,628)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,241,495)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Represented in the balance sheet as follows:</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Deferred tax assets of subsidiaries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">121,748 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">379,093 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">177,245 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Deferred tax (Liabilities)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,172,044)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,831,721)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,418,740)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Under Brazilian tax legislation these may be offset up to 30% of the annual taxable income but otherwise have no expiry date.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Amounts that will be realized upon payment of provision, occurrence of impairment losses for trade accounts receivable, or realization of inventories, as well as upon reversal of other provision.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Includes R$320,700 relating to deductible temporary differences arising from the Garliava acquisition whose corresponding deferred income tax asset was not recognized upon acquisition and realized during the year 2023.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.2)Unrecognized tax credits</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023 and 2022, the Company has unrecognized deferred tax assets related to IR on tax losses and CS on negative basis on the accounting books of some of its subsidiaries, being: (i) R$24,199 on December 31, 2023 for the subsidiaries POP, Recicla V, TGLog, and CloudCo; and (ii) R$75,003 on December 31, 2022 for the subsidiaries POP, Recicla V, TGLog, CloudCo and TIS as the generation of future taxable profits for the use of these credits is not likely.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the subsidiaries TIS and IoTCo recognized the amounts of R$81,652 and R$6,454, respectively, referring to deferred tax assets relating to IR on tax losses and CS on a negative basis as they began to generate future taxable profits for the use of these credits.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.3)Expected realization</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the expected periods for the realization of net deferred taxes, based on projections that may change in the future.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:83.957%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.269%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Year</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,818,862 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2025</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">406,649 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2026</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">571,076 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">852,317 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2028</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">228,779 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2029 onwards</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,119,178)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,241,495)</td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">f)Reconciliation of income tax and social contribution expense</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries recognize income and social contribution taxes on a monthly basis, on an accrual basis, and pay taxes based on estimates, as per the tax auxiliary trial balance. Taxes calculated on profits up to the balance sheet date are recorded in liabilities or assets, as applicable.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below we present the reconciliations of the tax expense and the amounts is calculated by applying the statutory tax rate of 34% (income tax of 25% and social contribution tax of 9%) in the table below for the year ended December 31, 2023, 2022 and 2021.</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:62.693%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Income before taxes</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,573,916 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,831,591 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,959,529 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Income and social contribution tax expenses, at the tax rate of 34%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,895,131)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,642,741)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,026,240)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Permanent differences</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Tax benefit related to interest on equity allocated</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">881,202 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">705,500 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">929,900 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">IR and CS on interest SELIC update of undue debts</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">89,254 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">277,424 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-deductible expenses, gifts, incentives</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(95,677)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(84,844)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(87,115)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Exploration profit</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">90,258 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76,174 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">24,185 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Equity pickup</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,623)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,072)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,869 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Unclaimed interest on equity</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,253)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(56,933)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38,311)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred taxes on tax losses, negative basis and temporary differences recognized in subsidiaries</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">84,274 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Composition of CSLL tax loss and negative base (SELIC update of undue debts)(1)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,407,523 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other (2)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">335,757 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(40,197)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,017 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Tax debits</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(533,939)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(773,689)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">269,828 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Effective rate</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9.6 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.0 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4.5)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current income and social contribution taxes</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(665,499)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,126,498)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(84,661)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred income and social contribution taxes</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">131,560 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,809 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">354,489 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table>.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)On July 8, 2020, the Company filed Writ of Mandamus No. 5012373-88.2020.4.03.6100 providing protection in recognizing challenges of its claims of illegality and unconstitutionality of the requirement to pay Corporate Income Tax (“IRPJ”) and Social Contribution on Net Income (“CSLL”) on interest income accruals at the SELIC rate arising from improperly collected taxes.</div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"> On September 24, 2021, the plenary of the Federal Supreme Court ("STF") judged, under the virtual system, the Extraordinary Appeal No. 1.063.187/SC, under general repercussion topic 962, which deals with IRPJ and CSLL on SELIC interest income on overpayments, similar to the Writ of Mandamus above. This judgment accepted, by unanimous vote, agreed to the claims of unconstitutionality for levying IRPJ and CSLL on tax overpayment. On September 30, 2021, the Judgment Minutes were published and, on December 16, 2021, the full decision was published.</div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"> Considering the effects of the general repercussion, the Company reprocess previous years' calculations and its tax losses increased. The company determined it will be able to utilize those additional tax losses based on future projections for profitability/profitability of the business. As a result of these assessments, in 2021 the Company recognized the amount of R$1,407,523, of which R$1,405,565 in deferred income tax and social contribution assets and R$1,958 in recoverable income tax and social contribution assets with a corresponding credit in the income tax and social contribution result. For 2022, as a result of the final and unappealable decision favorable to the claim, certified in the records on August 27, 2022, the Company has already been excluding the SELIC update on tax undue debts based on IRPJ and CSLL.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Includes R$320,700 relating to deductible temporary differences arising from the Garliava acquisition whose corresponding deferred income tax asset was not recognized upon acquisition and realized during the year 2023.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">g)Uncertainties about Income tax treatments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries have several assessments issued by the Federal Revenue of Brazil (“RFB”) for allegedly undue deductions of expenses, mainly related to the amortization of goodwill, in various administrative and judicial bodies, in the consolidated amount of R$30,577,416 on December 31, 2023 (R$29,882,262 on December 31, 2022). The Administration, supported by the position of its legal advisors, understands that a large part of these deductions will probably be accepted in decisions of higher courts of last instance (probability of acceptance greater than 50%).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Of this amount, for tax treatments in which the Company and its subsidiaries understand that the probability of loss is greater than 50%, non-current income tax and social contribution liabilities were recognized in the amount of R$198,205 on December 31, 2023 (R$104,438 on December 31, 2022). These actions involve compensation for overpayment of income tax and social contribution not approved by the RFB.</div>

CY2023Q4

viv

Income Taxes Recoverable

IncomeTaxesRecoverable

649400000

brl

CY2022Q4

viv

Income Taxes Recoverable

IncomeTaxesRecoverable

542325000

brl

CY2023Q4

viv

Social Contribution Taxes Recoverable

SocialContributionTaxesRecoverable

103193000

brl

CY2022Q4

viv

Social Contribution Taxes Recoverable

SocialContributionTaxesRecoverable

80135000

brl

CY2023Q4

viv

Income And Social Contribution Taxes Recoverable

IncomeAndSocialContributionTaxesRecoverable

752593000

brl

CY2022Q4

viv

Income And Social Contribution Taxes Recoverable

IncomeAndSocialContributionTaxesRecoverable

622460000

brl

CY2023Q4

viv

Income Taxes Payable

IncomeTaxesPayable

149763000

brl

CY2022Q4

viv

Income Taxes Payable

IncomeTaxesPayable

80828000

brl

CY2023Q4

viv

Social Contribution Taxes Payable

SocialContributionTaxesPayable

50907000

brl

CY2022Q4

viv

Social Contribution Taxes Payable

SocialContributionTaxesPayable

26674000

brl

CY2023Q4

viv

Income And Social Contribution Taxes Payable

IncomeAndSocialContributionTaxesPayable

200670000

brl

CY2022Q4

viv

Income And Social Contribution Taxes Payable

IncomeAndSocialContributionTaxesPayable

107502000

brl

CY2023Q4

viv

Income And Social Contribution Taxes Payable Current

IncomeAndSocialContributionTaxesPayableCurrent

3515000

brl

CY2022Q4

viv

Income And Social Contribution Taxes Payable Current

IncomeAndSocialContributionTaxesPayableCurrent

3064000

brl

CY2023Q4

viv

Income And Social Contribution Taxes Payable Non Current

IncomeAndSocialContributionTaxesPayableNonCurrent

197155000

brl

CY2022Q4

viv

Income And Social Contribution Taxes Payable Non Current

IncomeAndSocialContributionTaxesPayableNonCurrent

104438000

brl

CY2023Q4

viv

Income Tax And Social Contribution Liabilities

IncomeTaxAndSocialContributionLiabilities

198205

brl

CY2022Q4

viv

Income Tax And Social Contribution Liabilities

IncomeTaxAndSocialContributionLiabilities

104438

brl

CY2023

ifrs-full

Disclosure Of Deferred Taxes Explanatory

DisclosureOfDeferredTaxesExplanatory

<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:31.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.811%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2021</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Income statement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on Business combination – Garliava (Note 1.3.c)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Income statement</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2023</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax assets (liabilities)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div>Income and social contribution taxes on tax losses(1)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,812,790 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(446,080)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,366,710 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(268,979)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,097,731 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Income and social contribution taxes on temporary differences(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,863,086)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">798,889 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,189 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">218,670 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,819,338)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">400,539 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,573 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,339,226)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Provision for legal, labor, tax civil and regulatory contingencies</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,079,570 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">183,889 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">191,930 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,455,389 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(65,121)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,390,268 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trade accounts payable and other provision</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,134,942 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">370,418 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,505,360 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">390,283 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,895,643 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Customer portfolio and trademarks</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(236,918)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,477 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(210,441)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,283 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(178,158)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated losses on impairment of accounts receivable</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">610,332 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">56,067 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">666,399 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(44,353)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">622,046 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated losses from modems and other P&E items</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">125,218 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,906)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,509 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">181,821 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(71,836)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">109,985 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Pension plans and other post-employment benefits </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">217,894 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,079 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">258,308 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,798 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,229 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">364,335 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Profit sharing</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">163,268 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,480 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">189,748 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,672 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">223,420 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Licenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,681,921)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">228,663 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,453,258)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">86,856 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,366,402)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Goodwill (Spanish and Navytree, Vivo Part., GVT Part. and Garliava)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,240,590)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,240,590)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(203,217)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,443,807)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Property, plant and equipment of small value</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(889,433)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(139,905)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,029,338)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(161,340)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,190,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Technological Innovation Law</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,093)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,319 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,774)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,616 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,158)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">On other temporary differences (3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(132,355)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">41,308 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(146)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(41,769)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(132,962)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">373,898 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">344 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">241,280 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total deferred tax (Liabilities), non-current</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,050,296)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,809 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,189 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">218,670 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,452,628)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">131,560 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,573 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,241,495)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax assets</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,898,149 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,674,222 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,177,084 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax liabilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,948,445)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(12,126,850)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(12,418,579)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Deferred tax liabilities, net</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,050,296)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,452,628)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,241,495)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Represented in the balance sheet as follows:</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Deferred tax assets of subsidiaries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">121,748 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">379,093 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">177,245 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Deferred tax (Liabilities)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,172,044)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,831,721)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,418,740)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Under Brazilian tax legislation these may be offset up to 30% of the annual taxable income but otherwise have no expiry date.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Amounts that will be realized upon payment of provision, occurrence of impairment losses for trade accounts receivable, or realization of inventories, as well as upon reversal of other provision.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Includes R$320,700 relating to deductible temporary differences arising from the Garliava acquisition whose corresponding deferred income tax asset was not recognized upon acquisition and realized during the year 2023.</div>

CY2021Q4

ifrs-full

Deferred Tax Liability Asset

DeferredTaxLiabilityAsset

-4050296000

brl

CY2022

ifrs-full

Deferred Tax Expense Income Recognised In Profit Or Loss

DeferredTaxExpenseIncomeRecognisedInProfitOrLoss

352809000

brl

CY2022

ifrs-full

Income Tax Relating To Components Of Other Comprehensive Income

IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome

26189000

brl

CY2022

ifrs-full

Deferred Tax Relating To Items Charged Or Credited Directly To Equity

DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity

218670000

brl

CY2022Q4

ifrs-full

Deferred Tax Liability Asset

DeferredTaxLiabilityAsset

-3452628000

brl

CY2023

ifrs-full

Deferred Tax Expense Income Recognised In Profit Or Loss

DeferredTaxExpenseIncomeRecognisedInProfitOrLoss

131560000

brl

CY2023

ifrs-full

Income Tax Relating To Components Of Other Comprehensive Income

IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome

79573000

brl

CY2023Q4

ifrs-full

Deferred Tax Liability Asset

DeferredTaxLiabilityAsset

-3241495000

brl

CY2021Q4

ifrs-full

Deferred Tax Assets

DeferredTaxAssets

7898149000

brl

CY2022Q4

ifrs-full

Deferred Tax Assets

DeferredTaxAssets

8674222000

brl

CY2023Q4

ifrs-full

Deferred Tax Assets

DeferredTaxAssets

9177084000

brl

CY2021Q4

ifrs-full

Deferred Tax Liabilities

DeferredTaxLiabilities

11948445000

brl

CY2022Q4

ifrs-full

Deferred Tax Liabilities

DeferredTaxLiabilities

12126850000

brl

CY2023Q4

ifrs-full

Deferred Tax Liabilities

DeferredTaxLiabilities

12418579000

brl

CY2021Q4

ifrs-full

Deferred Tax Liability Asset

DeferredTaxLiabilityAsset

-4050296000

brl

CY2022Q4

ifrs-full

Deferred Tax Liability Asset

DeferredTaxLiabilityAsset

-3452628000

brl

CY2023Q4

ifrs-full

Deferred Tax Liability Asset

DeferredTaxLiabilityAsset

-3241495000

brl

CY2021Q4

viv

Deferred Tax Assets Of Subsidiaries

DeferredTaxAssetsOfSubsidiaries

121748000

brl

CY2022Q4

viv

Deferred Tax Assets Of Subsidiaries

DeferredTaxAssetsOfSubsidiaries

379093000

brl

CY2023Q4

viv

Deferred Tax Assets Of Subsidiaries

DeferredTaxAssetsOfSubsidiaries

177245000

brl

CY2021Q4

viv

Deferred Tax Liabilities Without Considering The Subsidiarys Deferred Tax Assets

DeferredTaxLiabilitiesWithoutConsideringTheSubsidiarysDeferredTaxAssets

4172044000

brl

CY2022Q4

viv

Deferred Tax Liabilities Without Considering The Subsidiarys Deferred Tax Assets

DeferredTaxLiabilitiesWithoutConsideringTheSubsidiarysDeferredTaxAssets

3831721000

brl

CY2023Q4

viv

Deferred Tax Liabilities Without Considering The Subsidiarys Deferred Tax Assets

DeferredTaxLiabilitiesWithoutConsideringTheSubsidiarysDeferredTaxAssets

3418740000

brl

CY2024

viv

Percentage Of Tax Bases

PercentageOfTaxBases

0.30

CY2023

viv

Percentage Of Tax Bases

PercentageOfTaxBases

0.30

CY2023Q4

viv

Unrecognized Deferred Tax Assets Related To Ir On Tax Losses And Cs On Negative Basis On The Accounting Books

UnrecognizedDeferredTaxAssetsRelatedToIROnTaxLossesAndCSOnNegativeBasisOnTheAccountingBooks

24199

brl

CY2022Q4

viv

Unrecognized Deferred Tax Assets Related To Ir On Tax Losses And Cs On Negative Basis On The Accounting Books

UnrecognizedDeferredTaxAssetsRelatedToIROnTaxLossesAndCSOnNegativeBasisOnTheAccountingBooks

75003

brl

CY2023Q4

viv

Deferred Tax Assets Relating To Ir On Tax Losses And Cs On A Negative Basis

DeferredTaxAssetsRelatingToIROnTaxLossesAndCSOnANegativeBasis

81652

brl

CY2022Q4

viv

Deferred Tax Assets Relating To Ir On Tax Losses And Cs On A Negative Basis

DeferredTaxAssetsRelatingToIROnTaxLossesAndCSOnANegativeBasis

6454

brl

CY2023Q4

ifrs-full

Deferred Tax Liability Asset

DeferredTaxLiabilityAsset

-3241495000

brl

CY2023

viv

Income Tax And Social Contribution Tax Combined Tax Rate

IncomeTaxAndSocialContributionTaxCombinedTaxRate

34

CY2023

viv

Income Tax Rate

IncomeTaxRate

0.25

CY2023

viv

Social Contribution Tax Rate

SocialContributionTaxRate

0.09

CY2023

ifrs-full

Accounting Profit

AccountingProfit

5573916000

brl

CY2022

ifrs-full

Accounting Profit

AccountingProfit

4831591000

brl

CY2021

ifrs-full

Accounting Profit

AccountingProfit

5959529000

brl

CY2023

viv

Tax Expense Income Income Tax And Social Contribution Tax At Combined Tax Rate

TaxExpenseIncomeIncomeTaxAndSocialContributionTaxAtCombinedTaxRate

1895131000

brl

CY2022

viv

Tax Expense Income Income Tax And Social Contribution Tax At Combined Tax Rate

TaxExpenseIncomeIncomeTaxAndSocialContributionTaxAtCombinedTaxRate

1642741000

brl

CY2021

viv

Tax Expense Income Income Tax And Social Contribution Tax At Combined Tax Rate

TaxExpenseIncomeIncomeTaxAndSocialContributionTaxAtCombinedTaxRate

2026240000

brl

CY2023

viv

Tax Effects Of Interest On Equity Allocated

TaxEffectsOfInterestOnEquityAllocated

881202000

brl

CY2022

viv

Tax Effects Of Interest On Equity Allocated

TaxEffectsOfInterestOnEquityAllocated

705500000

brl

CY2021

viv

Tax Effects Of Interest On Equity Allocated

TaxEffectsOfInterestOnEquityAllocated

929900000

brl

CY2023

viv

Tax Effect Of Composition Of Csll Tax Loss And Negative Base Selic Update Of Undue Debts

TaxEffectOfCompositionOfCsllTaxLossAndNegativeBaseSelicUpdateOfUndueDebts

89254000

brl

CY2022

viv

Tax Effect Of Composition Of Csll Tax Loss And Negative Base Selic Update Of Undue Debts

TaxEffectOfCompositionOfCsllTaxLossAndNegativeBaseSelicUpdateOfUndueDebts

277424000

brl

CY2021

viv

Tax Effect Of Composition Of Csll Tax Loss And Negative Base Selic Update Of Undue Debts

TaxEffectOfCompositionOfCsllTaxLossAndNegativeBaseSelicUpdateOfUndueDebts

0

brl

CY2023

viv

Non Deductible Expenses Gifts Incentives

NonDeductibleExpensesGiftsIncentives

95677000

brl

CY2022

viv

Non Deductible Expenses Gifts Incentives

NonDeductibleExpensesGiftsIncentives

84844000

brl

CY2021

viv

Non Deductible Expenses Gifts Incentives

NonDeductibleExpensesGiftsIncentives

87115000

brl

CY2023

viv

Tax Effect On Exploration Profit

TaxEffectOnExplorationProfit

90258000

brl

CY2022

viv

Tax Effect On Exploration Profit

TaxEffectOnExplorationProfit

76174000

brl

CY2021

viv

Tax Effect On Exploration Profit

TaxEffectOnExplorationProfit

24185000

brl

CY2023

viv

Tax Effects Of Equity Pickup Net Of Effects From Interest On Equity Received And Surplus Value Of Assets Purchased

TaxEffectsOfEquityPickupNetOfEffectsFromInterestOnEquityReceivedAndSurplusValueOfAssetsPurchased

-4623000

brl

CY2022

viv

Tax Effects Of Equity Pickup Net Of Effects From Interest On Equity Received And Surplus Value Of Assets Purchased

TaxEffectsOfEquityPickupNetOfEffectsFromInterestOnEquityReceivedAndSurplusValueOfAssetsPurchased

-8072000

brl

CY2021

viv

Tax Effects Of Equity Pickup Net Of Effects From Interest On Equity Received And Surplus Value Of Assets Purchased

TaxEffectsOfEquityPickupNetOfEffectsFromInterestOnEquityReceivedAndSurplusValueOfAssetsPurchased

39869000

brl

CY2023

viv

Tax Effects Of Unclaimed Interest On Equity

TaxEffectsOfUnclaimedInterestOnEquity

19253000

brl

CY2022

viv

Tax Effects Of Unclaimed Interest On Equity

TaxEffectsOfUnclaimedInterestOnEquity

56933000

brl

CY2021

viv

Tax Effects Of Unclaimed Interest On Equity

TaxEffectsOfUnclaimedInterestOnEquity

38311000

brl

CY2023

viv

Deferred Taxes On Tax Losses Negative Basis And Temporary Differences

DeferredTaxesOnTaxLossesNegativeBasisAndTemporaryDifferences

84274000

brl

CY2022

viv

Deferred Taxes On Tax Losses Negative Basis And Temporary Differences

DeferredTaxesOnTaxLossesNegativeBasisAndTemporaryDifferences

0

brl

CY2021

viv

Deferred Taxes On Tax Losses Negative Basis And Temporary Differences

DeferredTaxesOnTaxLossesNegativeBasisAndTemporaryDifferences

0

brl

CY2023

viv

Tax Effect Of Corporate Income Tax And Social Contribution On Net Income On Interest Income Accruals At Selic Rate Overdue

TaxEffectOfCorporateIncomeTaxAndSocialContributionOnNetIncomeOnInterestIncomeAccrualsAtSelicRateOverdue

0

brl

CY2022

viv

Tax Effect Of Corporate Income Tax And Social Contribution On Net Income On Interest Income Accruals At Selic Rate Overdue

TaxEffectOfCorporateIncomeTaxAndSocialContributionOnNetIncomeOnInterestIncomeAccrualsAtSelicRateOverdue

0

brl

CY2021

viv

Tax Effect Of Corporate Income Tax And Social Contribution On Net Income On Interest Income Accruals At Selic Rate Overdue

TaxEffectOfCorporateIncomeTaxAndSocialContributionOnNetIncomeOnInterestIncomeAccrualsAtSelicRateOverdue

1407523000

brl

CY2023

viv

Other Tax Effects For Reconciliation Between Accounting Profit And Combined Income Tax And Social Contribution Tax Tax Expense Income

OtherTaxEffectsForReconciliationBetweenAccountingProfitAndCombinedIncomeTaxAndSocialContributionTaxTaxExpenseIncome

-335757000

brl

CY2022

viv

Other Tax Effects For Reconciliation Between Accounting Profit And Combined Income Tax And Social Contribution Tax Tax Expense Income

OtherTaxEffectsForReconciliationBetweenAccountingProfitAndCombinedIncomeTaxAndSocialContributionTaxTaxExpenseIncome

40197000

brl

CY2021

viv

Other Tax Effects For Reconciliation Between Accounting Profit And Combined Income Tax And Social Contribution Tax Tax Expense Income

OtherTaxEffectsForReconciliationBetweenAccountingProfitAndCombinedIncomeTaxAndSocialContributionTaxTaxExpenseIncome

-20017000

brl

CY2023

ifrs-full

Income Tax Expense Continuing Operations

IncomeTaxExpenseContinuingOperations

533939000

brl

CY2022

ifrs-full

Income Tax Expense Continuing Operations

IncomeTaxExpenseContinuingOperations

773689000

brl

CY2021

ifrs-full

Income Tax Expense Continuing Operations

IncomeTaxExpenseContinuingOperations

-269828000

brl

CY2023

viv

Combined Income Tax And Social Contribution Effective Tax Rate

CombinedIncomeTaxAndSocialContributionEffectiveTaxRate

0.096

CY2022

viv

Combined Income Tax And Social Contribution Effective Tax Rate

CombinedIncomeTaxAndSocialContributionEffectiveTaxRate

0.160

CY2021

viv

Combined Income Tax And Social Contribution Effective Tax Rate

CombinedIncomeTaxAndSocialContributionEffectiveTaxRate

-0.045

CY2023

viv

Combined Current Income Tax And Social Contribution Tax Expense Income And Adjustments For Current Tax Of Prior Periods

CombinedCurrentIncomeTaxAndSocialContributionTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods

-665499000

brl

CY2022

viv

Combined Current Income Tax And Social Contribution Tax Expense Income And Adjustments For Current Tax Of Prior Periods

CombinedCurrentIncomeTaxAndSocialContributionTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods

-1126498000

brl

CY2021

viv

Combined Current Income Tax And Social Contribution Tax Expense Income And Adjustments For Current Tax Of Prior Periods

CombinedCurrentIncomeTaxAndSocialContributionTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods

-84661000

brl

CY2023

viv

Combined Deferred Income Tax And Social Contribution Tax Expense Income

CombinedDeferredIncomeTaxAndSocialContributionTaxExpenseIncome

131560000

brl

CY2022

viv

Combined Deferred Income Tax And Social Contribution Tax Expense Income

CombinedDeferredIncomeTaxAndSocialContributionTaxExpenseIncome

352809000

brl

CY2021

viv

Combined Deferred Income Tax And Social Contribution Tax Expense Income

CombinedDeferredIncomeTaxAndSocialContributionTaxExpenseIncome

354489000

brl

CY2021

viv

Tax Effect Of Corporate Income Tax And Social Contribution On Net Income On Interest Income Accruals At Selic Rate Overdue

TaxEffectOfCorporateIncomeTaxAndSocialContributionOnNetIncomeOnInterestIncomeAccrualsAtSelicRateOverdue

1407523000

brl

CY2021

viv

Others Deferred Income Tax And Social Contribution Tax Expense Income

OthersDeferredIncomeTaxAndSocialContributionTaxExpenseIncome

1405565000

brl

CY2021

viv

Recoverable Income Tax And Social Contribution Assets With A Corresponding Credit

RecoverableIncomeTaxAndSocialContributionAssetsWithACorrespondingCredit

1958000

brl

CY2023Q4

viv

Provision For Tax Litigation

ProvisionForTaxLitigation

30577416

brl

CY2022Q4

viv

Provision For Tax Litigation

ProvisionForTaxLitigation

29882262

brl

CY2023Q4

viv

Income Tax And Social Contribution Liabilities

IncomeTaxAndSocialContributionLiabilities

198205

brl

CY2022Q4

viv

Income Tax And Social Contribution Liabilities

IncomeTaxAndSocialContributionLiabilities

104438

brl

CY2023Q4

ifrs-full

Value Added Tax Receivables

ValueAddedTaxReceivables

2062276000

brl

CY2022Q4

ifrs-full

Value Added Tax Receivables

ValueAddedTaxReceivables

2181377000

brl

CY2023Q4

viv

Social Contribution Tax Recoverable For Social Integration Program And Social Security Financing

SocialContributionTaxRecoverableForSocialIntegrationProgramAndSocialSecurityFinancing

261261000

brl

CY2022Q4

viv

Social Contribution Tax Recoverable For Social Integration Program And Social Security Financing

SocialContributionTaxRecoverableForSocialIntegrationProgramAndSocialSecurityFinancing

981848000

brl

CY2023Q4

viv

Withholding Taxes And Contributions

WithholdingTaxesAndContributions

191475000

brl

CY2022Q4

viv

Withholding Taxes And Contributions

WithholdingTaxesAndContributions

140686000

brl

CY2023Q4

viv

Fistel Inss Iss And Other Taxes

FistelInssIssAndOtherTaxes

98063000

brl

CY2022Q4

viv

Fistel Inss Iss And Other Taxes

FistelInssIssAndOtherTaxes

136719000

brl

CY2023Q4

viv

Taxes Charges And Contributions Recoverable

TaxesChargesAndContributionsRecoverable

2613075000

brl

CY2022Q4

viv

Taxes Charges And Contributions Recoverable

TaxesChargesAndContributionsRecoverable

3440630000

brl

CY2023Q4

viv

Taxes Charges And Contributions Recoverable Current

TaxesChargesAndContributionsRecoverableCurrent

1937770000

brl

CY2022Q4

viv

Taxes Charges And Contributions Recoverable Current

TaxesChargesAndContributionsRecoverableCurrent

2571170000

brl

CY2023Q4

viv

Taxes Charges And Contributions Recoverable Non Current

TaxesChargesAndContributionsRecoverableNonCurrent

675305000

brl

CY2022Q4

viv

Taxes Charges And Contributions Recoverable Non Current

TaxesChargesAndContributionsRecoverableNonCurrent

869460000

brl

CY2023

viv

Tax Credits Offsetting Period

TaxCreditsOffsettingPeriod

P48M

CY2023Q4

viv

Deferred Tax Credits From Acquisition Of Property And Equipment

DeferredTaxCreditsFromAcquisitionOfPropertyAndEquipment

635800

brl

CY2022Q4

viv

Deferred Tax Credits From Acquisition Of Property And Equipment

DeferredTaxCreditsFromAcquisitionOfPropertyAndEquipment

626636

brl

CY2021Q4

viv

Icms Credits Recognized

IcmsCreditsRecognized

2269391

brl

CY2022Q3

viv

Icms Credits Recognized

IcmsCreditsRecognized

1145658

brl

CY2023Q4

viv

Icms Credits Recognized

IcmsCreditsRecognized

522217

brl

CY2023Q4

viv

Icms Credits Recognized In Current Assets

IcmsCreditsRecognizedInCurrentAssets

786857

brl

CY2022Q4

viv

Icms Credits Recognized In Current Assets

IcmsCreditsRecognizedInCurrentAssets

786857

brl

CY2023Q4

viv

Judicial Tax Deposits

JudicialTaxDeposits

1628645000

brl

CY2022Q4

viv

Judicial Tax Deposits

JudicialTaxDeposits

1558762000

brl

CY2023Q4

viv

Judicial Civil Deposits

JudicialCivilDeposits

860248000

brl

CY2022Q4

viv

Judicial Civil Deposits

JudicialCivilDeposits

1379698000

brl

CY2023Q4

viv

Judicial Regulatory Deposits

JudicialRegulatoryDeposits

312520000

brl

CY2022Q4

viv

Judicial Regulatory Deposits

JudicialRegulatoryDeposits

303274000

brl

CY2023Q4

viv

Judicial Labor Deposits

JudicialLaborDeposits

88986000

brl

CY2022Q4

viv

Judicial Labor Deposits

JudicialLaborDeposits

117825000

brl

CY2023Q4

viv

Judicial Deposits

JudicialDeposits

2890399000

brl

CY2022Q4

viv

Judicial Deposits

JudicialDeposits

3359559000

brl

CY2023Q4

viv

Garnishments

21530000

brl

CY2022Q4

viv

Garnishments

23428000

brl

CY2023Q4

ifrs-full

Restricted Cash And Cash Equivalents

RestrictedCashAndCashEquivalents

2911929000

brl

CY2022Q4

ifrs-full

Restricted Cash And Cash Equivalents

RestrictedCashAndCashEquivalents

3382987000

brl

CY2023Q4

ifrs-full

Current Restricted Cash And Cash Equivalents

CurrentRestrictedCashAndCashEquivalents

72516000

brl

CY2022Q4

ifrs-full

Current Restricted Cash And Cash Equivalents

CurrentRestrictedCashAndCashEquivalents

592369000

brl

CY2023Q4

ifrs-full

Noncurrent Restricted Cash And Cash Equivalents

NoncurrentRestrictedCashAndCashEquivalents

2839413000

brl

CY2022Q4

ifrs-full

Noncurrent Restricted Cash And Cash Equivalents

NoncurrentRestrictedCashAndCashEquivalents

2790618000

brl

CY2022Q4

viv

Judicial Deposit For Business Acquisition

JudicialDepositForBusinessAcquisition

522297000

brl

CY2023

viv

Value Of The Judicial Deposit Write Off

ValueOfTheJudicialDepositWriteOff

488458000

brl

CY2023

viv

Updated Amount Of The Judicial Deposits

UpdatedAmountOfTheJudicialDeposits

277198000

brl

CY2023Q4

viv

Judicial Tax Deposits

JudicialTaxDeposits

1628645000

brl

CY2022Q4

viv

Judicial Tax Deposits

JudicialTaxDeposits

1558762000

brl

CY2023

ifrs-full

Disclosure Of Other Assets Explanatory

DisclosureOfOtherAssetsExplanatory

OTHER ASSETS<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Related-party receivables (Note 29)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">268,246 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">434,229 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Sale of real estate and other receivables</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">157,352 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">141,480 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Advances to employees and suppliers</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">133,615 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">120,914 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Surplus from post-employment benefit plans (Note 31)(1)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">74,048 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,161 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Subscription bonus(2)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">56,409 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Subletting of assets and other amounts to be realized</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50,369 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">56,316 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">683,630 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">813,509 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">539,339 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">487,201 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">144,291 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">326,308 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)On December 31, 2023 includes the amount of R$69,015 referring to the distribution of the PBS-A surplus.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)On December 31, 2023, the Company exercised the right to subscribe to the bonus, transferring the interest adjusted amount of R$57,001 to investments and maintaining its equity interest (<a href="viv-20231231.htm#i56d0c5632e91422790ffd650ccd24ab8_274-bookmark-2b85e96bcb6b4c9184357871fc56a7b3" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;text-decoration:none">Note</a> 12.b), pursuant to the contractual conditions of the FiBrasil Transaction in 2021.</div>

CY2023Q4

viv

Other Receivables Due From Related Parties

OtherReceivablesDueFromRelatedParties

268246000

brl

CY2022Q4

viv

Other Receivables Due From Related Parties

OtherReceivablesDueFromRelatedParties

434229000

brl

CY2023Q4

viv

Sale Of Real Estate And Other Receivables

SaleOfRealEstateAndOtherReceivables

157352000

brl

CY2022Q4

viv

Sale Of Real Estate And Other Receivables

SaleOfRealEstateAndOtherReceivables

141480000

brl

CY2023Q4

viv

Advances To Employees And Suppliers

AdvancesToEmployeesAndSuppliers

133615000

brl

CY2022Q4

viv

Advances To Employees And Suppliers

AdvancesToEmployeesAndSuppliers

120914000

brl

CY2023Q4

ifrs-full

Recognised Assets Defined Benefit Plan

RecognisedAssetsDefinedBenefitPlan

74048000

brl

CY2022Q4

ifrs-full

Recognised Assets Defined Benefit Plan

RecognisedAssetsDefinedBenefitPlan

4161000

brl

CY2023Q4

viv

Subscription Bonus

SubscriptionBonus

0

brl

CY2022Q4

viv

Subscription Bonus

SubscriptionBonus

56409000

brl

CY2023Q4

ifrs-full

Other Receivables

OtherReceivables

50369000

brl

CY2022Q4

ifrs-full

Other Receivables

OtherReceivables

56316000

brl

CY2023Q4

ifrs-full

Other Assets

OtherAssets

683630000

brl

CY2022Q4

ifrs-full

Other Assets

OtherAssets

813509000

brl

CY2023Q4

ifrs-full

Other Current Assets

OtherCurrentAssets

539339000

brl

CY2022Q4

ifrs-full

Other Current Assets

OtherCurrentAssets

487201000

brl

CY2023Q4

ifrs-full

Other Noncurrent Assets

OtherNoncurrentAssets

144291000

brl

CY2022Q4

ifrs-full

Other Noncurrent Assets

OtherNoncurrentAssets

326308000

brl

CY2023

ifrs-full

Disclosure Of Interests In Other Entities Explanatory

DisclosureOfInterestsInOtherEntitiesExplanatory

INVESTMENTS<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries hold investments in subsidiaries and jointly controlled companies, in addition to business combinations.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.1)Subsidiary</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The consolidation of a subsidiary begins when the Company obtains control over the subsidiary and ends when the Company ceases to exercise said control. Assets, liabilities and results of a subsidiary acquired or sold during the year are included in the consolidated financial statements from the date on which the Company obtains control until the date on which the Company ceases to exercise control over the subsidiary.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Specifically, the Company controls an investee if, and only if, it has: (i) power over the investee (that is, existing rights that guarantee it the current ability to direct the relevant activities of the investee); (ii) exposure or right to variable returns arising from its involvement with the investee; and (iii) the ability to use its power over the investee to affect the value of its returns.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">There is usually a presumption that a majority of voting rights results in control. To support this presumption and when the Company has less than a majority of the voting rights of an investee, the Company considers all relevant facts and circumstances when assessing whether it has power over an investee, including: (i) the contractual agreement between the investor and other holders of voting rights; (ii) rights arising from other contractual agreements; and (iii) the Company's voting rights and potential voting rights. The Company assesses whether it exercises control over an investee if facts and circumstances indicate that there are changes in one or more of the three aforementioned control elements.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The financial statements of investees are prepared for the same reporting period of the Company. Whenever necessary, adjustments are made so that the accounting policies are in accordance with those adopted by the Company.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.2)Joint control</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Joint control is the contractually agreed sharing of a control, only existing when decisions about relevant activities call for unanimous agreement by the parties sharing control.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Based on the equity method, investments are recorded in balance sheets at cost plus changes after the acquisition of the equity interest. The statement of income reflects the portion of the results of operations of the investees.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Foreign exchange variations in Aliança’s equity (jointly controlled entity) are recognized in the Company’s equity in other comprehensive income (“Effects on conversion of investments abroad”, Note 24.f).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">When changes are directly recognized in the investees' equity, the Company will recognize its portion in variations occurred, and record these variations in the statements of changes in equity and in the statements of comprehensive income, where applicable.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The financial statements of investees are prepared for the same reporting period of the Company. Whenever necessary, adjustments are made so that the accounting policies are in accordance with those adopted by the Company. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">After the equity method is applied, the Company determines whether there is any need to recognize additional impairment of its investment in investees. At each closing date, the Company determines whether there is objective evidence of impairment of investment in the affiliate. If so, the Company calculates the recoverable amount as the difference between the recoverable value of the investees and their carrying amount and recognizes the amount in the statement of incomes.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">When there is loss of significant influence over the investees, the Company evaluates and recognizes the investment, at that moment, at fair value. Any difference between the investees’ carrying amount by the time it loses significant influence and the fair value of the remaining investment and revenue from sale is recognized in the statement of incomes.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.3)Business combination</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Pursuant to IFRS 3, business acquisitions are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the fair values of assets acquired and liabilities assumed on the acquisition date from the acquiree's former controlling shareholders and any interests issued in exchange for control of the acquiree.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In the parent company, the difference between the amount paid and the equity value of the acquired entities is recognized in investments. For the consolidated information, the amounts of fair values and goodwill are allocated according to their nature.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Information on investees</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023 and 2022, the Company held direct equity interests in subsidiaries and jointly controlled companies, as follows:</div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Equity interests</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Investees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type of investment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">31.12.2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">31.12.2022</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Country (Headquarters)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Core activity</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Terra Networks Brasil Ltda ("Terra Networks")(1)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">100.00 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.00 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">Portals, content providers and other information services on the internet</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Transportes e Logística Ltda ("TGLog")</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">100.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Transports and logistics</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">POP Internet Ltda ("POP")(2)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">100.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Internet</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Vivo Money Fundo de Investimento em Direitos Creditórios ("Vivo Money")</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">100.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Credit Rights Investment Fund</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Vivo Money Fundo de Investimento em Direitos Creditórios II ("Vivo Money II") (nota 1.c.6)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">100.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Credit Rights Investment Fund</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Garliava RJ Infraestrutura e Redes de Telecomunicações S.A. (“Garliava”)(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Telecommunications</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Vivo Ventures Fundo de Investimento em Participações Multiestratégia (“Vivo Ventures”)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">98.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">98.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Investment funds</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Cloud e Tecnologia do Brasil S.A. (“CloudCo Brasil”)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">50.01 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50.01 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Consulting in information technology</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica IoT, Big Data e Tecnologia do Brasil S.A. (“IoTCo Brasil”)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Controlled</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">50.01 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50.01 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Consulting in information technology</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Aliança Atlântica Holding B.V. ("Aliança")</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Joint control</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">50.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Holanda</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Telecommunications sector holdings</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Companhia AIX de Participações ("AIX")</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Joint control</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">50.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Operation of underground telecommunications networks</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Companhia ACT de Participações ("ACT")</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Joint control</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">50.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Operation of underground telecommunications networks</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VivaE Educação Digital S.A. ("VIVAE")</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Joint control</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">50.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50.00 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Training in professional and managerial development</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil Infraestrutura e Fibra Ótica S.A. (“FiBrasil”)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Joint control</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;text-indent:-4.5pt;vertical-align:middle">25.01 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25.01 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Technical advice on telecommunications networks</td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Terra Networks is the full and direct controller of TIS, a company based in Brazil, whose main activities are the exploration and provision of services and security activities, among others. On October 3, 2022, TIS acquired all of the shares representing the share capital of Vita IT. On November 30, 2023, TIS incorporated Vita IT (note 1.c.4.).</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)POP is the full and direct controller of Recicla V Comércio e Reciclagem de Sucatas e Metais Ltda. (“Recicla V”), headquartered in Brazil, whose main activities are the purchase and sale of scrap copper, aluminum, lead, iron and other materials, among others. POP is also the controller of Vale Saúde Semper, acquired on March 3, 2023, headquartered in Brazil, with its main activities being accreditation, capture, transmission, processing and financial settlement with prepaid debit cards in the healthcare segment (note 1.c.5).</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Garliava was acquired by the Company on April 20, 2022 and incorporated on February 28, 2023 (note 1.c.3).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present summarized information on the jointly controlled subsidiaries of the Company:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:38.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Investees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Liabilities</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equity</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net operating revenue</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net profit (loss)</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Aliança</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">240,018 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,727 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">238,291 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">– </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,556 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">AIX</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50,097 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,720 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,377 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">69,083 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">246 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">ACT</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">95 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VIVAE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">18,096 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,410 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,686 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">73 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,697)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,019,278 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,143,749 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">875,529 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">289,097 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39,057)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:38.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Investees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Liabilities</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equity</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net operating revenue</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net profit (loss)</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Aliança</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">242,652 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">305 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">242,347 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">912 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">AIX</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,733 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,548 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,185 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">65,681 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">178 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">ACT</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">41 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VIVAE</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">18,842 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,694 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17,148 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,852)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,881,965 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,195,384 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">686,581 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">176,660 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(94,384)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Changes in investments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:62.693%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Joint control</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other investments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total investments</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2021</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">355,942 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">348 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">356,290 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Share of net profit of joint ventures accounted for using the equity method</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,742)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,742)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Capital contribution – cash and cash equivalents (FiBrasil and ViivaE)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,750 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,750 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Investments by the subsidiary Vivo Ventures</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,958 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,958 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Equity transactions (FiBrasil)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,409 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,409 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other comprehensive income (Aliança and other investments)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(16,258)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(212)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(16,470)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,101 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,094 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">368,195 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Share of net profit of joint ventures accounted for using the equity method</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,710)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,710)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Capital contribution – cash and cash equivalents (VivaE)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,117 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,117 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Dividends (AIX and ACT)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(51)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(51)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Capital Transactions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Investments by the subsidiary Vivo Ventures</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Bonus subscription exercise (FiBrasil)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">57,001 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">57,001 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other comprehensive income (Aliança and other investments)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,806)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(90)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,896)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">396,675 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,195 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">438,870 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023

ifrs-full

Disclosure Of Joint Ventures Explanatory

DisclosureOfJointVenturesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:38.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Investees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Liabilities</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equity</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net operating revenue</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net profit (loss)</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Aliança</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">240,018 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,727 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">238,291 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">– </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,556 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">AIX</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50,097 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,720 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,377 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">69,083 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">246 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">ACT</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">95 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VIVAE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">18,096 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,410 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,686 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">73 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,697)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,019,278 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,143,749 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">875,529 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">289,097 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39,057)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:38.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.399%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Investees</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Liabilities</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equity</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net operating revenue</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net profit (loss)</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Aliança</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">242,652 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">305 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">242,347 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">912 </td><td style="background-color:#eeefef;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">AIX</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,733 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,548 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,185 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">65,681 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">178 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">ACT</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">41 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VIVAE</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">18,842 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,694 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17,148 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,852)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,881,965 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,195,384 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">686,581 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">176,660 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(94,384)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023

viv

Disclosure Of Changes In Investments

DisclosureOfChangesInInvestments

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:62.693%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Joint control</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other investments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total investments</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2021</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">355,942 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">348 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">356,290 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Share of net profit of joint ventures accounted for using the equity method</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,742)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,742)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Capital contribution – cash and cash equivalents (FiBrasil and ViivaE)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,750 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,750 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Investments by the subsidiary Vivo Ventures</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,958 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,958 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Equity transactions (FiBrasil)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,409 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,409 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other comprehensive income (Aliança and other investments)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(16,258)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(212)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(16,470)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,101 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,094 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">368,195 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Share of net profit of joint ventures accounted for using the equity method</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,710)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,710)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Capital contribution – cash and cash equivalents (VivaE)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,117 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,117 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Dividends (AIX and ACT)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(51)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(51)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Capital Transactions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Investments by the subsidiary Vivo Ventures</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,191 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Bonus subscription exercise (FiBrasil)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">57,001 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">57,001 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other comprehensive income (Aliança and other investments)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,806)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(90)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,896)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">396,675 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,195 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">438,870 </td><td style="background-color:#eeefef;border-bottom:3pt double #929292;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023

ifrs-full

Disclosure Of Property Plant And Equipment Explanatory

DisclosureOfPropertyPlantAndEquipmentExplanatory

PROPERTY, PLANT AND EQUIPMENT<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">It is measured at acquisition and/or construction cost, net of accumulated depreciation and/or accumulated impairment losses, if any. Such cost includes the borrowing costs for long-term construction projects if the recognition criteria are met and is stated net of ICMS (State VAT) credits (Note 9), which were recorded as recoverable taxes. The Company does not have loans that meet the criteria for recognition of cost capitalization.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Asset costs are capitalized until the asset becomes operational. Costs incurred after the asset becomes operational and that do not improve the functionality or extend the useful life of the asset are immediately recognized on an accrual basis. When significant parts of fixed assets are required to be replaced at intervals, the Company recognizes such parts as individual assets with specific useful lives and depreciation. Likewise, expenses that represent asset improvement (expanded installed capacity or useful life) are capitalized. All the other repair and maintenance costs are recognized in the statement of income as incurred.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The present value of the expected cost for the decommissioning of property, plant and equipment items (towers and equipment on leased property) is capitalized at the cost of the respective asset matched against the provision for dismantling obligations (Note 20) and depreciated over the useful lives of the related assets, which do not exceed the lease term. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Depreciation is calculated by the straight-line method over the useful lives of assets at rates that take into account the estimated useful lives of assets based on technical analyses. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The assets’ residual values, useful lives and methods of depreciation are reviewed on a yearly basis, adjusted prospectively, if appropriate.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Property, plant and equipment items are written off when sold or when no future economic benefit is expected from their use or sale. Any gains or losses arising from write-off (measured as the difference between the net disposal proceeds and the carrying amount) are recognized in the statement of income in the year in which the asset is written off.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Leases</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low value assets, as permitted by IFRS 16. They recognize lease liabilities to make lease payments and assets rights of use representing the right of use of the underlying assets.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company recognizes the right-of-use assets on the lease start date (that is, on the date the asset is available for use). The rights of use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any new remeasurement of lease liabilities.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company acts as a lessee in a significant number of lease agreements on different assets, such as structures (towers and rooftops) and the respective land where they are located; sites built in the Built to Suit (“BTS”) modality for installing antennas and other equipment and means of transmission; computer equipment; offices, shops and commercial properties. </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The accounting treatment of investment in fixed assets includes estimating the useful life period for depreciation purposes, particularly for assets acquired in business combinations.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Useful life determination requires estimates regarding the expected technological developments and alternative uses of assets. The hypotheses related to the technological aspect and its future development imply a significant level of analysis, considering the difficulties in forecasting the time and nature of future technological changes.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Information on the recoverability of fixed assets is presented in Note 15.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Description, Breakdown and changes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">We present a brief description of the main items that make up fixed assets.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Switching and transmission media equipment: Includes switching and control centers, gateway, platforms, base radio station, microcells, minicells, repeaters, antennas, radios, access networks, concentrators, cables, TV equipment and other switching and transmission media equipment.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Infrastructure: This includes buildings, elevators, central air conditioning equipment, towers, posts, containers, energy equipment, land piping, support and protectors, leasehold improvements, etc.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Lending equipment: Includes cellphones and modems in the lending modality.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Terminal equipment: Includes private telephone switching centers, public telephones and other terminal equipment.</div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Other fixed asset items: These include vehicles, repair and construction tools and instruments, telesupervision equipment, IT equipment, testing and measurement equipment, fixtures and other goods for general use.</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:29.216%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.099%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Switching and transmission equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Infrastructure</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Lending equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Terminal equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Land</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other P&E</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Assets and facilities under construction</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,661,180 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,801,906 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,330,107 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,031,510 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">266,946 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">649,604 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,667,238 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,408,491 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">74,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,208,050 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">110,072 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,852 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">191,469 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,559,874 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,147,131 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Write-offs, net(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,607)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(58,311)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(81)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,861)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,346)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,131)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(94,330)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Net transfers(3)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,828,009 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">310,129 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,301,010 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">80,963 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,328 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,631,285)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(100,846)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Subletting</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Garliava (note 1.c.3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">126,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">541,826 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,589 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,221 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">674,166 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vita IT (note 1.c.4)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,853 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,853 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Depreciation (Note 26)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,366,948)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,522,398)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,592,158)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(438,026)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(220,415)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,139,945)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,314,978 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,282,867 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,149,038 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">677,218 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252,085 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">632,082 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,589,917 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45,898,185 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">166,766 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,540,935 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">102,262 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,406 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">75,836 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,609,550 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,501,755 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Write-offs, net(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,914)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(346,320)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(133)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(81)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,549)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,214)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,694)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(369,905)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Net transfers(3)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,163,467 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">278,710 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,993,228 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">75,793 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,651,218)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(134,490)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Subletting</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – VSS (note 1.c.5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Depreciation (Note 26)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,375,429)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,790,213)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,842,701)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(337,951)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(194,338)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,540,632)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,266,868 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,929,179 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,401,694 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">421,385 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">249,536 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">512,930 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,536,555 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,318,147 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85,373,094 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,168,495 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,432,268 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,503,428 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252,085 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,770,136 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,589,917 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">166,089,423 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(63,058,116)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,885,628)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(22,283,230)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,826,210)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,138,054)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(120,191,238)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,314,978 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,282,867 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,149,038 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">677,218 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252,085 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">632,082 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,589,917 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45,898,185 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">88,601,631 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,700,577 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,511,295 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,571,924 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">249,536 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,836,449 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,536,555 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">175,007,967 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(65,334,763)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,771,398)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,109,601)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,150,539)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,323,519)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(128,689,820)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,266,868 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,929,179 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,401,694 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">421,385 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">249,536 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">512,930 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,536,555 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,318,147 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Additions from property, plant and equipment mainly refers to: (i) in 2023: investments mainly concentrated in networks, which included 4G and 5G mobile access, transmission backhaul, backbone and network and FTTH customers. The investments helped sustain our commercial and revenue growth, whilst maintaining the quality of services provided and were also designed to prepare us for medium-term growth.; (ii) in 2022: expansion of the fiber network, maintenance and expansion of the 4G mobile network and launch of the 5G mobile network in Brazilian capitals, in addition to investments to integrate Oi Móvel customers.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)In infrastructure, includes the amounts of R$335,351 and R$52,092 in 2023 and 2022, respectively, referring to the cancellation of lease agreements.</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Total balances refer to transfers between classes of fixed and intangible assets (<a href="viv-20231231.htm#i56d0c5632e91422790ffd650ccd24ab8_280-bookmark-94059e39aa6b40f3863e712c8f1f751b" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;text-decoration:none">no</a><a href="viv-20231231.htm#i56d0c5632e91422790ffd650ccd24ab8_280-bookmark-94059e39aa6b40f3863e712c8f1f751b" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;text-decoration:none">t</a><a href="viv-20231231.htm#i56d0c5632e91422790ffd650ccd24ab8_280-bookmark-94059e39aa6b40f3863e712c8f1f751b" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;text-decoration:none">e</a> 14.c).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Depreciation rates</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In the years ended December 31, 2023 and 2022, the Company carried out, with the help of a specialized company, valuations of the useful lives applied to its property, plant and equipment through the direct comparative method of market data.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The work indicated the need for changes in the useful life and annual depreciation rates of some items in the asset classes. These changes in the accounting estimate reduced depreciation expenses by R$88,292 and R$295,464 in 2023 and 2022, respectively.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the annual depreciation rates for the years ended December 31, 2023 and 2022, except for lease assets, which are presented in note 13.e.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:64.417%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.232%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Description</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Switching and transmission equipment and media</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">19.67%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">14.29%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Infrastructure</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Lending equipment</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">50.00%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">50.00%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Terminal equipment</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">50.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">25.00%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other P&E assets</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">25.00%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">25.00%</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">e)Additional information on leases</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.1)Breakdown and changes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the movement of leases, already included in the tables for the movement of fixed assets (Note 13.c).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:43.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Infrastructure</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Switching and transmission equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,461,558 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">280,912 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,315 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,752,785 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,118,054 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,688 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,596 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,229,338 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Subletting (note 13.c)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,973,283)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(75,384)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(903)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,049,570)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Garliava (nota 1.c.3)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">526,515 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">526,515 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cancellation of contracts</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(52,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(52,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,082,417 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">245,216 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,008 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,408,641 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,442,927 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(61,223)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,401,838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Subletting (Note 13.c)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,290,201)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(61,831)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,312)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,353,344)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cancellation of contracts</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(335,351)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,867)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(340,218)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,862,992 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">203,519 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,606 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,080,117 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,946,410 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">375,767 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">199,695 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,521,872 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,863,993)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(130,551)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(118,687)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,113,231)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,082,417 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">245,216 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,008 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,408,641 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,166,150 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">395,901 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">133,432 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,695,483 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,303,158)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(192,382)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(119,826)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,615,366)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,862,992 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">203,519 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,606 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,080,117 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.2)Depreciation rates </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the annual depreciation rates for the years ended December 31, 2023 and 2022.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:69.014%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.647%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.647%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.647%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.651%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Description</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Infrastructure</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.36%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">92.31%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.36%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">92.31%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Switching and transmission equipment and media</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">66.67%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">66.67%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other P&E assets</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">26.09%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">40.00%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">26.09%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">40.00%</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">f)Property, plant and equipment items pledged in guarantee</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the Company had property and equipment pledged in guarantee for lawsuits, of R$101,220 (R$95,980 on December 31, 2022).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">g)Concession balance</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Fixed Switched Telephone Service concession model, adopted in 1998 with the signing of contracts following the privatization of the telecommunications sector, served as the new basis for the provision of telecommunications services in Brazil. Over more than 20 years, concessionaires had expanded the universalization of the fixed telephone service, which, before privatization, was expensive, out of reach of the populace and suffered long installation queues of months or years. During this period, the concession contracts suffered shocks as a result of several events that occurred throughout their term, which have repercussions on the originally contracted financial equation to this day, causing a reduction in revenue and increases in planned costs.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">As the end of the term of the concession contracts approaches, a consensus is being sought with the regulatory body to assure a fair economic-financial equilibrium. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">However, management's efforts have largely been frustrated and discussions through administrative channels have been exhausted without consensus having been reached. Hence, on July 1, 2021, the Company signed an arbitration agreement with ANATEL. The Company submitted to the International Chamber of Commerce, on July 10, 2021, a request to initiate an arbitration against ANATEL, as provided for in the concession agreement and pursuant to Law 9,307/1996, as well as the General Telecommunications Law.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On March 21, 2022, the Company presented its opening arguments in the arbitration proceeding requiring, among other issues, the recognition of events that occurred during the concession agreement that need to be rebalanced in the Company's favor to preserve the sustainability of the agreement, as well as compensation for the period in which the contract terms were untenable. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">After the Company's initial allegations, in June 2022 ANATEL presented its defense. On August 19, 2022, the Company filed a reply to ANATEL's defense. On October 18, 2022, a response was presented by ANATEL. On November 17, 2022, the parties laid out the evidence and on December 8, 2022 a hearing was held with the arbitral tribunal for the presentation of the case.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">At that hearing, it was agreed that the Parties would present a statement on the bifurcation of the arbitration procedure, so that part of the procedure could be judged by means of a partial award. Both did so and, on March 23, 2023, the Arbitral Tribunal decided that it would issue a partial judgment on the issues related to (i) the objective arbitrability of the claimant's indemnity claim for the period after 2020, with regard to the alleged unsustainability of the concession; (ii) the objective arbitrability of the indemnity claim referring to the material error in the granting of STFC tariff adjustments and (iii) the incidence of estoppel and prescription phenomena on claims related to supposedly unbalanced events. Based on the decision that there would be a partial sentence on the subject, the Company, on May 22, 2023, presented its final arguments and was awaiting the sentence that would be handed down by the Court. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">However, the parties began debates on the possibility of a potential consensual solution to the matters exposed in the arbitration, together with the TCU. Therefore, the Company presented a request to suspend the arbitration procedure, which was corroborated by ANATEL and accepted by the TCU and which is expected to be renewed while debates on consensuality continue. On September 26, 2023, ANATEL approved and then, on October 4, 2023, forwarded to the TCU the request for a Consensual Solution to resolve existing disputes between ANATEL and the Company, registered under Process No. 036.366/2023 -4. The parties await the TCU's deliberation on the admissibility of the aforementioned request for a consensual solution. If the request is accepted by the TCU, a Commission will be established and will have a maximum of 120 days to reach a consensus. After that, final approval by the TCU may take up to 90 days.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">h)Adaptation of the model</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On October 4, 2019, Law 13.879/2019 (enacted from PLC 79/2016) was sanctioned, which introduced changes to the telecommunication's regulatory framework allowing fixed telephony concessionaires to migrate from a concession regime to an authorization regime with lower regulatory charges, including those associated with the continuity and universalization of the STFC in the concession area, as well as any restrictions on the goods associated with its provision. </div><div style="padding-left:18pt">In accordance with this Law, ANATEL presented on July 5, 2022 a methodology with an estimate of the economic value associated with the adaptation of the concession instrument for authorization, to be validated by TCU. In a session held on March 22, 2023, the methodology applied by ANATEL was approved by TCU, conditioned on the Agency guaranteeing the adoption of values that approximate market values for the evaluation of the more significant reversible assets. The process was forwarded to ANATEL, which evaluated and approved on July 24, 2023, the balance of service adequacy (from concession to authorization) based on the determinations presented by the TCU, presenting a new estimate of economic value. The value of the balance should be assessed by the Company, within 120 (one hundred and twenty) days, however with the possibility of an agreement between ANATEL and the concessionaires involving arbitration and migration to be taken within the scope of a consensual solution with the TCU, ANATEL granted the suspension of the aforementioned deadline. In any case,if the balance value is confirmed and accepted by the Company,it will be converted into investment projects not yet defined by ANATEL.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">i)Reversible assets</div><div style="padding-left:18pt">The concession contract for the Company's STFC identifies the assets essential to the provision of such service in the concession area. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On April 12, 2021, Resolution 744 was published in the official gazette (“DOU“), approved by the Ministry of Telecommunications and by the Board of Directors of ANATEL on April 4, 2021, which addresses the Regulation of Continuity of Provision of Switched Fixed Telephone Service Intended for Use of the General Public under the Public Regime (“RCON“). </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Resolution, which became effective on May 3, 2021, addresses how the continuity of STFC services under the concession regime are treated once the Company's STs STFC concession contract terminates. The assets identified as being essential to the provision of multiple services, among which the STFC under the public system, will be included in a contract for the assignment of their rights of use, to be agreed under fair and reasonable economic terms and conditions, transferring them from the Company to the new Concessionaire or the Federal Government, should they wish to make use of such assets to maintain the continuity of STFC provision under the public regime. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The assets, being deemed essential, are effectively and exclusively used to ensure the continuity and timely provision of STFC under the public regime, and will be revert to the Public Authority, according to the terms of the RCON, if such service continues to be provided, either by the Federal authority, or by a new Concessionaire, under a public agreement. Hence, the assets for the exclusive use of the STFC and, therefore, subject to the 'reversal regime' provided for in the regulation, constitute a residual and decreasing asset of the Company. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Accordingly, the Concessionaire's assets, at the end of the concession contract on December 31, 2025, will not be returned to the Federal Government. The shared assets and those used exclusively for the STFC will fall within the scope of specific contracts already provided for in the operational manual of the Continuity Regulation, approved by Decision No. 269/2021/COUN/SCO, which complements provisions of the Continuity Regulation.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Although Resolution 744 requires a list of Reversible Assets (“RBR“) to be submitted to ANATEL, such obligation, upon approval under the contractual model described above, is merely informative by nature, in order to maintain transparency of the assets used by the Concessionaire in the provision of STFC under the public regime.</div><div style="padding-left:18pt">However, within the scope of the administrative proceeding TC no.003.342/2022-0, pending at the TCU, a technical report was issued addressing the new understanding that the RCON should be revised. This understanding will still be examined by the Court. The process is suspended due to a decision made by TCU minister.</div>

CY2023

ifrs-full

Description Of Accounting Policy For Property Plant And Equipment Explanatory

DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">It is measured at acquisition and/or construction cost, net of accumulated depreciation and/or accumulated impairment losses, if any. Such cost includes the borrowing costs for long-term construction projects if the recognition criteria are met and is stated net of ICMS (State VAT) credits (Note 9), which were recorded as recoverable taxes. The Company does not have loans that meet the criteria for recognition of cost capitalization.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Asset costs are capitalized until the asset becomes operational. Costs incurred after the asset becomes operational and that do not improve the functionality or extend the useful life of the asset are immediately recognized on an accrual basis. When significant parts of fixed assets are required to be replaced at intervals, the Company recognizes such parts as individual assets with specific useful lives and depreciation. Likewise, expenses that represent asset improvement (expanded installed capacity or useful life) are capitalized. All the other repair and maintenance costs are recognized in the statement of income as incurred.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The present value of the expected cost for the decommissioning of property, plant and equipment items (towers and equipment on leased property) is capitalized at the cost of the respective asset matched against the provision for dismantling obligations (Note 20) and depreciated over the useful lives of the related assets, which do not exceed the lease term. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Depreciation is calculated by the straight-line method over the useful lives of assets at rates that take into account the estimated useful lives of assets based on technical analyses. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The assets’ residual values, useful lives and methods of depreciation are reviewed on a yearly basis, adjusted prospectively, if appropriate.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Property, plant and equipment items are written off when sold or when no future economic benefit is expected from their use or sale. Any gains or losses arising from write-off (measured as the difference between the net disposal proceeds and the carrying amount) are recognized in the statement of income in the year in which the asset is written off.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Leases</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low value assets, as permitted by IFRS 16. They recognize lease liabilities to make lease payments and assets rights of use representing the right of use of the underlying assets.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company recognizes the right-of-use assets on the lease start date (that is, on the date the asset is available for use). The rights of use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any new remeasurement of lease liabilities.</div>The Company acts as a lessee in a significant number of lease agreements on different assets, such as structures (towers and rooftops) and the respective land where they are located; sites built in the Built to Suit (“BTS”) modality for installing antennas and other equipment and means of transmission; computer equipment; offices, shops and commercial properties.

CY2023

ifrs-full

Disclosure Of Detailed Information About Property Plant And Equipment Explanatory

DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory

<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:29.216%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.099%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Switching and transmission equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Infrastructure</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Lending equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Terminal equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Land</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other P&E</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Assets and facilities under construction</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,661,180 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,801,906 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,330,107 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,031,510 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">266,946 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">649,604 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,667,238 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,408,491 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">74,814 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,208,050 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">110,072 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,852 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">191,469 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,559,874 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,147,131 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Write-offs, net(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,607)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(58,311)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(81)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,861)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,346)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,131)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(94,330)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Net transfers(3)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,828,009 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">310,129 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,301,010 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">80,963 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,328 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,631,285)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(100,846)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Subletting</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Garliava (note 1.c.3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">126,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">541,826 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,589 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,221 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">674,166 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vita IT (note 1.c.4)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,853 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,853 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Depreciation (Note 26)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,366,948)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,522,398)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,592,158)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(438,026)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(220,415)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,139,945)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,314,978 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,282,867 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,149,038 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">677,218 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252,085 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">632,082 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,589,917 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45,898,185 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">166,766 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,540,935 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">102,262 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,406 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">75,836 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,609,550 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,501,755 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Write-offs, net(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,914)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(346,320)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(133)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(81)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,549)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,214)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,694)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(369,905)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Net transfers(3)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,163,467 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">278,710 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,993,228 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">75,793 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,651,218)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(134,490)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Subletting</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – VSS (note 1.c.5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Depreciation (Note 26)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,375,429)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,790,213)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,842,701)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(337,951)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(194,338)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,540,632)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,266,868 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,929,179 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,401,694 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">421,385 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">249,536 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">512,930 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,536,555 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,318,147 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85,373,094 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,168,495 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,432,268 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,503,428 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252,085 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,770,136 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,589,917 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">166,089,423 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(63,058,116)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,885,628)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(22,283,230)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,826,210)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,138,054)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(120,191,238)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,314,978 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,282,867 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,149,038 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">677,218 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252,085 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">632,082 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,589,917 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45,898,185 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">88,601,631 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,700,577 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,511,295 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,571,924 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">249,536 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,836,449 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,536,555 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">175,007,967 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(65,334,763)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,771,398)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,109,601)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,150,539)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,323,519)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(128,689,820)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,266,868 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,929,179 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,401,694 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">421,385 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">249,536 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">512,930 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,536,555 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,318,147 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Additions from property, plant and equipment mainly refers to: (i) in 2023: investments mainly concentrated in networks, which included 4G and 5G mobile access, transmission backhaul, backbone and network and FTTH customers. The investments helped sustain our commercial and revenue growth, whilst maintaining the quality of services provided and were also designed to prepare us for medium-term growth.; (ii) in 2022: expansion of the fiber network, maintenance and expansion of the 4G mobile network and launch of the 5G mobile network in Brazilian capitals, in addition to investments to integrate Oi Móvel customers.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)In infrastructure, includes the amounts of R$335,351 and R$52,092 in 2023 and 2022, respectively, referring to the cancellation of lease agreements.</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Total balances refer to transfers between classes of fixed and intangible assets (<a href="viv-20231231.htm#i56d0c5632e91422790ffd650ccd24ab8_280-bookmark-94059e39aa6b40f3863e712c8f1f751b" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;text-decoration:none">no</a><a href="viv-20231231.htm#i56d0c5632e91422790ffd650ccd24ab8_280-bookmark-94059e39aa6b40f3863e712c8f1f751b" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;text-decoration:none">t</a><a href="viv-20231231.htm#i56d0c5632e91422790ffd650ccd24ab8_280-bookmark-94059e39aa6b40f3863e712c8f1f751b" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:120%;text-decoration:none">e</a> 14.c).</div>

CY2021Q4

ifrs-full

Property Plant And Equipment

PropertyPlantAndEquipment

44408491000

brl

CY2022

ifrs-full

Additions Other Than Through Business Combinations Property Plant And Equipment

AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment

10147131000

brl

CY2022

ifrs-full

Revaluation Increase Decrease Property Plant And Equipment

RevaluationIncreaseDecreasePropertyPlantAndEquipment

-94330000

brl

CY2022

ifrs-full

Increase Decrease Through Transfers Property Plant And Equipment

IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment

-100846000

brl

CY2022

viv

Decrease Through Subletting Arrangements Property Plant And Equipment

DecreaseThroughSublettingArrangementsPropertyPlantAndEquipment

1665000

brl

CY2022

ifrs-full

Depreciation Property Plant And Equipment

DepreciationPropertyPlantAndEquipment

9139945000

brl

CY2022Q4

ifrs-full

Property Plant And Equipment

PropertyPlantAndEquipment

45898185000

brl

CY2023

ifrs-full

Additions Other Than Through Business Combinations Property Plant And Equipment

AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment

10501755000

brl

CY2023

ifrs-full

Revaluation Increase Decrease Property Plant And Equipment

RevaluationIncreaseDecreasePropertyPlantAndEquipment

-369905000

brl

CY2023

ifrs-full

Increase Decrease Through Transfers Property Plant And Equipment

IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment

-134490000

brl

CY2023

viv

Decrease Through Subletting Arrangements Property Plant And Equipment

DecreaseThroughSublettingArrangementsPropertyPlantAndEquipment

-36800000

brl

CY2023

ifrs-full

Depreciation Property Plant And Equipment

DepreciationPropertyPlantAndEquipment

9540632000

brl

CY2023Q4

ifrs-full

Property Plant And Equipment

PropertyPlantAndEquipment

46318147000

brl

CY2022Q4

ifrs-full

Property Plant And Equipment

PropertyPlantAndEquipment

45898185000

brl

CY2023Q4

ifrs-full

Property Plant And Equipment

PropertyPlantAndEquipment

46318147000

brl

CY2023

viv

Write Offs Net Related To Cancellation Of Lease Agreements

WriteOffsNetRelatedToCancellationOfLeaseAgreements

335351000

brl

CY2022

viv

Write Offs Net Related To Cancellation Of Lease Agreements

WriteOffsNetRelatedToCancellationOfLeaseAgreements

-52092000

brl

CY2023

ifrs-full

Increase Decrease In Accounting Estimate

IncreaseDecreaseInAccountingEstimate

88292000

brl

CY2022

ifrs-full

Increase Decrease In Accounting Estimate

IncreaseDecreaseInAccountingEstimate

295464000

brl

CY2022

ifrs-full

Increase Decrease In Accounting Estimate

IncreaseDecreaseInAccountingEstimate

295464000

brl

CY2023

viv

Disclosure Of Depreciation Rates Of Property Plant And Equipment Explanatory

DisclosureOfDepreciationRatesOfPropertyPlantAndEquipmentExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:64.417%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.232%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Description</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Switching and transmission equipment and media</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">19.67%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">14.29%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Infrastructure</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2.50%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Lending equipment</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">50.00%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">50.00%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Terminal equipment</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">50.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle">25.00%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other P&E assets</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">25.00%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">25.00%</td></tr></table></div>

CY2023

viv

Disclosure Of Changes In Leases After Adoption Of Ifrs16 Already Included In Asset Movement Tables Explanatory

DisclosureOfChangesInLeasesAfterAdoptionOfIFRS16AlreadyIncludedInAssetMovementTablesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:43.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Infrastructure</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Switching and transmission equipment</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,461,558 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">280,912 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,315 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,752,785 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,118,054 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,688 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,596 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,229,338 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Subletting (note 13.c)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,665 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,973,283)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(75,384)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(903)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,049,570)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Garliava (nota 1.c.3)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">526,515 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">526,515 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cancellation of contracts</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(52,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(52,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,082,417 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">245,216 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,008 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,408,641 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,442,927 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(61,223)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,401,838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Subletting (Note 13.c)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(36,800)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,290,201)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(61,831)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,312)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,353,344)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cancellation of contracts</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(335,351)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,867)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(340,218)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,862,992 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">203,519 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,606 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,080,117 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,946,410 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">375,767 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">199,695 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,521,872 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,863,993)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(130,551)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(118,687)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,113,231)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,082,417 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">245,216 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,008 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,408,641 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,166,150 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">395,901 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">133,432 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,695,483 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Accumulated depreciation</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,303,158)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(192,382)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(119,826)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,615,366)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,862,992 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">203,519 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,606 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,080,117 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.2)Depreciation rates </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the annual depreciation rates for the years ended December 31, 2023 and 2022.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:69.014%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.647%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.647%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.647%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.651%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Description</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Infrastructure</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.36%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">92.31%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">2.36%</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">92.31%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Switching and transmission equipment and media</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">66.67%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">10.00%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">66.67%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other P&E assets</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">26.09%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">40.00%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">26.09%</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">40.00%</td></tr></table></div>

CY2022

viv

Write Offs Net Related To Cancellation Of Lease Agreements

WriteOffsNetRelatedToCancellationOfLeaseAgreements

-52092000

brl

CY2023Q4

ifrs-full

Property Plant And Equipment Pledged As Security

PropertyPlantAndEquipmentPledgedAsSecurity

101220000

brl

CY2022Q4

ifrs-full

Property Plant And Equipment Pledged As Security

PropertyPlantAndEquipmentPledgedAsSecurity

95980000

brl

CY2023

ifrs-full

Disclosure Of Intangible Assets And Goodwill Explanatory

DisclosureOfIntangibleAssetsAndGoodwillExplanatory

INTANGIBLE ASSETS<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Intangible assets acquired separately are measured at acquisition / formation cost upon their initial recognition. The cost of an intangible asset are capitalized until the asset becomes operational. The cost of an intangible asset acquired in a business combination is its fair value at the acquisition date.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">After initial recognition, intangible assets are stated at acquisition and/or buildup cost, net of amortization and accumulated provision for impairment, where applicable. Intangible assets generated internally, excluding capitalized development costs, are not capitalized, and the expense is reflected in the statement of income for the year in which it is incurred.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The useful lives of intangible assets are considered finite or indefinite.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Intangible assets with finite useful lives are amortized over their economic useful lives under the straight-line method and are tested for impairment whenever there is any indication of impairment loss. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed on an annual basis. Changes in the estimated useful life or the expected pattern of consumption of future economic benefits embodied in an asset are accounted for by changing the amortization period or method, as appropriate, and treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the statement of income in the cost/expense category consistent with the function of the intangible assets.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the CGU level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be justifiable. Otherwise, changes in useful life – from indefinite to finite - are carried out prospectively. Goodwill generated upon investment acquisition is treated as an intangible asset with indefinite useful lives. When goodwill has been allocated to a CGU and part of the operation within that CGU is disposed that, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill disposed in these circumstances is allocated based on the relative fair values of the disposed operation and the portion of the CGU retained.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Gains and losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and recognized in the statement of income on disposal. </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The accounting treatment of the investment in intangible assets includes making estimates to determine the useful life for amortization purposes, particularly for assets acquired in business combinations.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The determination of the useful lives requires estimates in relation to the expected technological evolution and the alternative use of the assets. Hypotheses related to the technological aspect and its future development imply a significant degree of analysis, since the timing and nature of future technological changes are difficult to predict.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Information on the recoverability of fixed assets is presented in note 15.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Breakdown and changes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">A brief description of the key intangible asset items with finite useful lives, is as follows:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Licenses: These include concession and authorization licenses, acquired from ANATEL for provision of telecommunication services. These also include licenses from business combinations.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Software: This includes licenses for software used in the Company’s operating, commercial and administrative activities.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Trademarks and customer portfolio: This includes intangible assets acquired through business combination.</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.527%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Indefinite useful life</td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Finite useful life</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Goodwill(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Licenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Software</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Trademarks</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Customer portfolio</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Other intangible assets</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Software under development</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,868,268 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,906,531 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,771,275 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">736,794 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">369,238 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,524 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">412,677 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,104,307 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(2)</div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">190,066 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,128 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,260,031 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,802,225 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Write-offs, net(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,378 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(149)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,229 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Net transfers(3)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,077,044 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,976,198)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100,846 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Garliava (Note 1.c.3)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,394,710 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,612,566 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,195 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,103,471 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vita IT (note 1.c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">98,851 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">177 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,527 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,545 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">133,100 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Amortization (Note 26)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,417,412)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,853,464)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(84,770)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(161,188)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,094)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,519,928)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,361,829 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,291,751 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,348,538 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">656,551 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">333,790 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,430 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">696,361 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">49,725,250 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,132 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">182,161 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,677,678 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,922,971 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Write-offs, net(3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(969)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(969)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net transfers</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,706,031 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,571,541)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">134,490 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vita IT (note 1.c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(22,770)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(451)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,122)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,324 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(29,019)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vale Saúde Sempre (Note 1 c.5)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,637 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">774 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">607 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,175 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">59,193 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Amortization (Note 26)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,467,824)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,178,762)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(84,972)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(110,475)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,908)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,848,941)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,390,696 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,887,059 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,056,999 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">571,902 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">205,800 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,021 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">802,498 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,962,975 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,361,829 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,685,824 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,029,658 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,663,424 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,566,457 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">269,639 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">696,361 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">88,273,192 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated amortization</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,394,073)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,681,120)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,006,873)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,232,667)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(233,209)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38,547,942)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,361,829 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,291,751 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,348,538 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">656,551 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">333,790 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,430 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">696,361 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">49,725,250 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,390,696 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,748,956 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,908,360 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,663,747 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,548,942 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">288,112 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">802,498 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">91,351,311 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated amortization</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,861,897)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(21,851,361)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,091,845)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,343,142)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(240,091)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(42,388,336)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,390,696 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,887,059 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,056,999 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">571,902 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">205,800 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,021 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">802,498 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,962,975 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Refer to the operations of Santo Genovese Participações (2004); Spanish and Figueira (2006); Telefônica Televisão Participações (2008); Vivo Participações (2011); GVT Participações (2015); Garliava and Vita IT (2022) and VSS (2023).</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Licenses refer to the acquisition of 5G licenses (in 2021) and extensions of authorizations for the right to use radio frequencies for SMP exploration.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Total balances refer to transfers between classes of fixed and intangible assets (Note 13.c).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Amortization rates</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the annual amortization rates for the years ended December 31, 2023 and 2022.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:63.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.940%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.943%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Description</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Licenses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.60 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.34 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.60 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Softwares</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="8" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="8" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trademarks</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.13 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.50 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="8" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.7 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Customer portfolio</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">9.52%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">20.70%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.50 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other intangible assets</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">6.67%</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.67 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">e)Licenses / authorizations</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In the following table, we briefly present the information on the authorizations of each sub-band held by the Company for use in the SMP, as well as the events that occurred in 2023 related to their respective extensions (when applicable).</div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:11.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.020%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.365%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.135%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.141%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Subband-Radio Frequency</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Geographic coverage</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Comments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Expiration of authorizations</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Events in 2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">700 MHz</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">—</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2029</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">850 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National (except AL, CE, PB, PE, PI e RN)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">GO (sector of 24 do PGO); MS (sector 21 of PGO); MG (sector2 of PGO); RS (sector 29 of PGO); and SP (except sector 33 of PGO)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2023-2028</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">(1)</td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">900 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">ES, RJ, AM, AP, RR, PA, MA, SE, BA, AC, DF, MT, RO, MS, SC, TO, RS, GO and PR</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">MS (sector 21 of PGO); RS (sector 29 of PGO); GO (sector of 24 do PGO) and PR (sector 19 of PGO)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2023 (expired)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">(2)</td></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">MG, AM, RR, AP, PA, MA, BA, SE and SP (except area 11)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Authorizations arising from the acquisition of part of UPI Ativos Móveis from Oi in 2022 (note 1.c.3)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2031-2032</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">1.800 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National (except MG)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">—</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2032</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">(3)</td></tr><tr style="height:32pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National (except area 43 – PR)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Authorizations arising from the acquisition of part of UPI Ativos Móveis from Oi in 2022 (note 1.c.3)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2031-2032</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">900 MHz / 1.800 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">MG (sector 3 PGO)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">—</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2035</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">MG (sector 2 PGO)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">—</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2032</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">(4)</td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2.100 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">—</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2038</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">(5)</td></tr><tr style="height:50pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">ES, MG, AM, AP, PA, MA, RR, AL, CE, PB, PE, PI, RN, AC, RO, MT, MS, TO, GO, DF, SP (except sector 33 PGO), RS, PR and SC</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Authorizations arising from the acquisition of part of UPI Ativos Móveis from Oi in 2022 (note 1.c.3)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2038</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2.300 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">RJ, SP, ES, MG, AM, AC, AP, RR, RO, TO, PA, MT, MS, GO and DF</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">SP (except sector 33 of PGO); MG (sector 2 of PGO); MS (except sector 22 of PGO) and GO (except sector 25 of PGO)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2041</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2.500 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">—</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2027-2031</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">3.500 MHz</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2041</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">26 GHz</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">National</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">2041</td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">—</td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Extension of authorizations in 850 MHz: In accordance with the provisions of Agreement No. 618, of November 26, 2020, ANATEL extended, until November 29, 2028, the terms of authorization for the use of subbands in 850 MHz MHz held by Telefônica states of Minas Gerais, Bahia, São Paulo, Tocantins, Goiás, Espírito Santo and Sergipe whose terms ended, respectively, in the months of April, June, August, October (Goiás and Tocantins), November and December 2023. As with the other authorizations in 850 MHz, the Agency determined that the amount due for the extension must be calculated based on net present value (“NPV”) parameters, in order to reflect, according to ANATEL, the real economic value (market value) of the sub-bands.</div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Non-extension of authorizations in 900 MHz (except MG): The Board of Directors of ANATEL, through Agreement nºNo. 105, of April 28, 2023, determined that the terms of authorization associated with the sub-bands in 900 MHz would not be extended, except in the state of MG (sectors 2 and 3 of the PGO), claiming that the efficient use of this spectrum has not been properly demonstrated, since the low capacity associated with this band (2.5 + 2.5 MHz) imposes limitations on its effective use. The non-renewal of these 900 MHz licenses, however, does not affect the services currently provided by the Company.</div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Extension of radio frequency authorizations in 1800 MHz (except MG): Also through Agreement nº 105, of April 28, 2023, the Board of Directors of ANATEL decided to extend the terms of authorization for the use of sub-bands in 1800 MHz until 2032, signaling the completion on this date of a sectoral relocation of the channels associated with the sub-bands, along the same lines as that intended for the sub-bands in 850 MHz. Considering the forecast established in the original renewal authorization terms for a period of 15 years (expiring in 2038), this decision resulted in a reduction of 6 years in the expected validity of the extended terms, with the exception of the 900 MHz and 1800 MHz authorizations in sector 3 of the PGO (region of the state of Minas Gerais), already previously extended until 2035.</div><div style="margin-bottom:4pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(4)Extension of authorizations at 900 and 1800 MHz (MG): In relation to authorizations at 900 and 1,800 MHz for the state of MG (sector 2 of the PGO), it is important to inform that ANATEL, through Ruling No. 215, of 25 August 2023, determined the extension, until December 22, 2032, of the right-of-use authorizations held by Telefônica,the first extension of which expired in April 2023</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(5)Extension of authorizations in 2,100 MHz: Through Ruling No. 102, of April 28, 2023, ANATEL communicated the decision to extend the authorizations held by the Company for the 2,100 MHz radio frequency sub-band until 2038.As this concerns the In the first extension period, payment will be made on a biannual basis (note 23) starting in 2025.</div>

CY2023

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Description Of Accounting Policy For Intangible Assets And Goodwill Explanatory

DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Intangible assets acquired separately are measured at acquisition / formation cost upon their initial recognition. The cost of an intangible asset are capitalized until the asset becomes operational. The cost of an intangible asset acquired in a business combination is its fair value at the acquisition date.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">After initial recognition, intangible assets are stated at acquisition and/or buildup cost, net of amortization and accumulated provision for impairment, where applicable. Intangible assets generated internally, excluding capitalized development costs, are not capitalized, and the expense is reflected in the statement of income for the year in which it is incurred.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The useful lives of intangible assets are considered finite or indefinite.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Intangible assets with finite useful lives are amortized over their economic useful lives under the straight-line method and are tested for impairment whenever there is any indication of impairment loss. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed on an annual basis. Changes in the estimated useful life or the expected pattern of consumption of future economic benefits embodied in an asset are accounted for by changing the amortization period or method, as appropriate, and treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the statement of income in the cost/expense category consistent with the function of the intangible assets.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or at the CGU level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be justifiable. Otherwise, changes in useful life – from indefinite to finite - are carried out prospectively. Goodwill generated upon investment acquisition is treated as an intangible asset with indefinite useful lives. When goodwill has been allocated to a CGU and part of the operation within that CGU is disposed that, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal. Goodwill disposed in these circumstances is allocated based on the relative fair values of the disposed operation and the portion of the CGU retained.</div>Gains and losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and recognized in the statement of income on disposal.

CY2023

ifrs-full

Disclosure Of Detailed Information About Intangible Assets Explanatory

DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory

<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.527%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Indefinite useful life</td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Finite useful life</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Goodwill(1)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Licenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Software</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Trademarks</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Customer portfolio</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Other intangible assets</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Software under development</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,868,268 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,906,531 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,771,275 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">736,794 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">369,238 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,524 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">412,677 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,104,307 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(2)</div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">190,066 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,128 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,260,031 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,802,225 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Write-offs, net(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,378 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(149)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,229 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Net transfers(3)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,077,044 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,976,198)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100,846 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Garliava (Note 1.c.3)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,394,710 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,612,566 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,195 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,103,471 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vita IT (note 1.c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">98,851 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">177 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,527 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,545 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">133,100 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Amortization (Note 26)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,417,412)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,853,464)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(84,770)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(161,188)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,094)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,519,928)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,361,829 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,291,751 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,348,538 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">656,551 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">333,790 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,430 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">696,361 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">49,725,250 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Additions(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,132 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">182,161 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,677,678 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,922,971 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Write-offs, net(3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(969)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(969)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net transfers</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,706,031 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,571,541)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">134,490 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vita IT (note 1.c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(22,770)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(451)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,122)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,324 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(29,019)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Business combination – Vale Saúde Sempre (Note 1 c.5)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,637 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">774 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">607 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,175 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">59,193 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Amortization (Note 26)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,467,824)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,178,762)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(84,972)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(110,475)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,908)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,848,941)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,390,696 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,887,059 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,056,999 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">571,902 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">205,800 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,021 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">802,498 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,962,975 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,361,829 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,685,824 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,029,658 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,663,424 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,566,457 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">269,639 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">696,361 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">88,273,192 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated amortization</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,394,073)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,681,120)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,006,873)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,232,667)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(233,209)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38,547,942)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,361,829 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,291,751 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,348,538 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">656,551 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">333,790 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,430 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">696,361 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">49,725,250 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,390,696 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,748,956 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,908,360 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,663,747 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,548,942 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">288,112 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">802,498 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">91,351,311 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accumulated amortization</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,861,897)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(21,851,361)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,091,845)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,343,142)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(240,091)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(42,388,336)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,390,696 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,887,059 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,056,999 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">571,902 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">205,800 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,021 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">802,498 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,962,975 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Refer to the operations of Santo Genovese Participações (2004); Spanish and Figueira (2006); Telefônica Televisão Participações (2008); Vivo Participações (2011); GVT Participações (2015); Garliava and Vita IT (2022) and VSS (2023).</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Licenses refer to the acquisition of 5G licenses (in 2021) and extensions of authorizations for the right to use radio frequencies for SMP exploration.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Total balances refer to transfers between classes of fixed and intangible assets (Note 13.c).</div>

CY2021Q4

ifrs-full

Intangible Assets And Goodwill

IntangibleAssetsAndGoodwill

44104307000

brl

CY2022

ifrs-full

Additions Other Than Through Business Combinations Intangible Assets Other Than Goodwill

AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill

2802225000

brl

CY2022

ifrs-full

Revaluation Increase Decrease Intangible Assets Other Than Goodwill

RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill

1229000

brl

CY2022

ifrs-full

Increase Decrease Through Transfers Intangible Assets And Goodwill

IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill

100846000

brl

CY2022

ifrs-full

Amortisation Intangible Assets Other Than Goodwill

AmortisationIntangibleAssetsOtherThanGoodwill

3519928000

brl

CY2022Q4

ifrs-full

Intangible Assets And Goodwill

IntangibleAssetsAndGoodwill

49725250000

brl

CY2023

ifrs-full

Additions Other Than Through Business Combinations Intangible Assets Other Than Goodwill

AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill

2922971000

brl

CY2023

ifrs-full

Revaluation Increase Decrease Intangible Assets Other Than Goodwill

RevaluationIncreaseDecreaseIntangibleAssetsOtherThanGoodwill

-969000

brl

CY2023

ifrs-full

Increase Decrease Through Transfers Intangible Assets And Goodwill

IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill

134490000

brl

CY2023

ifrs-full

Amortisation Intangible Assets Other Than Goodwill

AmortisationIntangibleAssetsOtherThanGoodwill

3848941000

brl

CY2023Q4

ifrs-full

Intangible Assets And Goodwill

IntangibleAssetsAndGoodwill

48962975000

brl

CY2022Q4

ifrs-full

Intangible Assets And Goodwill

IntangibleAssetsAndGoodwill

49725250000

brl

CY2023Q4

ifrs-full

Intangible Assets And Goodwill

IntangibleAssetsAndGoodwill

48962975000

brl

CY2023

viv

Disclosure Of Annual Amortization Rates For Intangible Assets Explanatory

DisclosureOfAnnualAmortizationRatesForIntangibleAssetsExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:63.555%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.940%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.943%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Description</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Licenses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.60 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.34 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.60 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Softwares</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="8" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="8" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trademarks</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.13 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.50 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="8" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.7 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Customer portfolio</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">9.52%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">20.70%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.50 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other intangible assets</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">6.67%</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">20.00%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.67 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:middle">to</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.00 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="display:none"></td></tr></table></div>

CY2023

ifrs-full

Disclosure Of Impairment Of Assets Explanatory

DisclosureOfImpairmentOfAssetsExplanatory

IMPAIRMENT OF NON-FINANCIAL ASSETS<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company annually reviews the net carrying amount of assets in order to evaluate events or changes in economic, operating or technological circumstances that may indicate impairment losses. When such evidence is found, and net carrying amount exceeds recoverable amount, a provision for impairment is recorded so as to adjust the net carrying amount to the recoverable amount. The recoverable amount of an asset or a Cash-Generating Unit ("CGU") is defined as the higher of value in use and net sales value. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Considering the convergence of product and service offerings, in addition, the Company's main operating asset is a single, broadly integrated network, which is used to provide all telecommunications services to its customers, the Company defines your business as a single CGU.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Upon estimation of the value in use of an asset or cash-generating unit, estimated future cash flows are discounted at present value using a discount rate Weighted Average Cost of Capital “WACC” which reflects the weighted rate between (i) the cost of capital (including specific risks) based on the Capital Asset Pricing Model; and (ii) the debt these components being applicable to the asset or CGU before taxes. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The net fair value of sales is determined, whenever possible, based on recent market transactions between knowledgeable and interested parties with similar assets. In the absence of observable transactions in this regard, an appropriate valuation methodology is used. The calculations provided in this model are corroborated by available fair value indicators, such as prices quoted for listed entities, among other available indicators.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For assets excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If the indication exists, the Company estimates the recoverable amount of the asset or the CGU.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine an asset’s or CGU recoverable amount since the last impairment loss was recognized. Any reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount or exceeds the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the statement of income.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The following assets have specific characteristics for impairment testing:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Goodwill: Goodwill is tested for impairment annually at the reporting date or earlier when circumstances indicate that the carrying amount may be impaired. Where the recoverable amount is lower than the carrying amount, an impairment loss is recognized. Impairment losses relating to goodwill cannot be reversed in future periods.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Intangible assets: Intangible assets with indefinite useful lives are tested for impairment annually at the reporting date either individually or at the CGU level, as appropriate, and when circumstances indicate that the carrying amount may be impaired.</div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Determination of value in use of property, plant and equipment, goodwill and intangibles: The key assumptions used to estimate value in use through the discounted cash flow methodology are: (i) revenues (projected considering the growth in customer base, growth in market revenue against GDP and the Company’s share of this market); (ii) variable costs and expenses (projected in accordance with the dynamics of the customer base, and fixed costs are projected in line with the historical performance of the Company, as well as with revenue growth); and (iii) capital investments (estimated considering the technological infrastructure necessary to enable the provision of services).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">An impairment loss exists when the carrying amount of an asset or CGU exceeds its recoverable amount, which is the greater of fair value net of selling expenses and value in use. The calculation of fair value net of selling expenses is based on information available from transactions for the sale of similar assets or market prices less selling expenses. The value in use calculation is based on the discounted cash flow model. Cash flows derive from the budget for the next five years and do not include reorganization activities to which the Company and its subsidiaries have not yet committed or significant future investments that will improve the asset base of the CGU, which is the object of testing. The recoverable amount is sensitive to critical estimates of the discount rate used in the discounted cash flow method, as well as revenue growth.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Assumptions used in the calculation of value in use:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The value in use is mainly impacted by the following assumptions:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Revenue growth: based on the observation of the historical behavior of each revenue line, as well as trends based on market analysis. Revenue projections differ greatly between product and service lines with a tendency for greater growth in broadband services, and with stable IPTV and Voice making the highest value customers profitable. Mobile revenues follow market trends, including a new mix between prepaid, postpaid and control, migrations from prepaid to postpaid and control, price convergence and growth in M2M.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Discount rate: represents the assessment of risks in the current market. The calculation of the discount rate is based on the Company’s specific circumstances and being calculated based on the WACC. The WACC takes into account both debt and equity. The cost of equity is derived from the expected return on investment by Company investors. The cost of debt is based on loans with interest income that the Company is obliged to honor. The specific risk business is incorporated by applying individual notably Beta factors.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Growth rate in perpetuity: reflects the Company's ability to generate cash flow in perpetuity. The percentage considered mainly takes into account investments over the projected period and reproduces the Company's condition in perpetuity.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Goodwill impairment testing</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Annually, the Company assesses the recovery of the carrying value of goodwill using the concept of value in use.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The process of determining value in use involves the use of assumptions, judgments and estimates about cash flows, such as revenue growth rates, costs and expenses, estimates of future investments and working capital and discount rates. The assumptions regarding growth and cash flow projections are based on Management estimates, market studies and macroeconomic projections. Future cash flows are discounted based on the WACC.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Consistent with the economic analysis techniques, the assessment of value in use is made for a period of five years, and thereafter, considering the perpetuity of the assumptions based on the capacity of business continuity for an indefinite time. Management considered that the period of five years is adequate, based on its past experience in preparing cash flow projections.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The nominal growth rate used to extrapolate projections beyond the 5 years period was 4.0% and 4.50% p.a. in 2023 and 2022, respectively.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The estimated future cash flows were discounted at a discount rate of 12.0% and 12.60%, which before taxes are 14.04% and 14.18% in 2023 and 2022, respectively, also in nominal values.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The inflation rate for the period analyzed in the projected cash flows was 3.0% p.a. and 3.21% p.a. in 2023 and 2022, respectively.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Key assumptions were based on the Company’s historical performance and reasonable macroeconomic assumptions grounded on financial market projections, documented and approved by the Company’s management.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Based on annual impairment testing of the Company’s assets, prepared using projections considering the financial statements on December 31, 2023 and 2022, growth projections and operating results for the year ended December 31, 2023 and 2022, no impairment losses or evidence of losses were identified, since the value was in use is higher than the net carrying amount as at the assessment date.</div>

CY2023

ifrs-full

Description Of Accounting Policy For Impairment Of Nonfinancial Assets Explanatory

DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company annually reviews the net carrying amount of assets in order to evaluate events or changes in economic, operating or technological circumstances that may indicate impairment losses. When such evidence is found, and net carrying amount exceeds recoverable amount, a provision for impairment is recorded so as to adjust the net carrying amount to the recoverable amount. The recoverable amount of an asset or a Cash-Generating Unit ("CGU") is defined as the higher of value in use and net sales value. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Considering the convergence of product and service offerings, in addition, the Company's main operating asset is a single, broadly integrated network, which is used to provide all telecommunications services to its customers, the Company defines your business as a single CGU.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Upon estimation of the value in use of an asset or cash-generating unit, estimated future cash flows are discounted at present value using a discount rate Weighted Average Cost of Capital “WACC” which reflects the weighted rate between (i) the cost of capital (including specific risks) based on the Capital Asset Pricing Model; and (ii) the debt these components being applicable to the asset or CGU before taxes. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The net fair value of sales is determined, whenever possible, based on recent market transactions between knowledgeable and interested parties with similar assets. In the absence of observable transactions in this regard, an appropriate valuation methodology is used. The calculations provided in this model are corroborated by available fair value indicators, such as prices quoted for listed entities, among other available indicators.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For assets excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If the indication exists, the Company estimates the recoverable amount of the asset or the CGU.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine an asset’s or CGU recoverable amount since the last impairment loss was recognized. Any reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount or exceeds the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the statement of income.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The following assets have specific characteristics for impairment testing:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Goodwill: Goodwill is tested for impairment annually at the reporting date or earlier when circumstances indicate that the carrying amount may be impaired. Where the recoverable amount is lower than the carrying amount, an impairment loss is recognized. Impairment losses relating to goodwill cannot be reversed in future periods.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Intangible assets: Intangible assets with indefinite useful lives are tested for impairment annually at the reporting date either individually or at the CGU level, as appropriate, and when circumstances indicate that the carrying amount may be impaired.</div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Determination of value in use of property, plant and equipment, goodwill and intangibles: The key assumptions used to estimate value in use through the discounted cash flow methodology are: (i) revenues (projected considering the growth in customer base, growth in market revenue against GDP and the Company’s share of this market); (ii) variable costs and expenses (projected in accordance with the dynamics of the customer base, and fixed costs are projected in line with the historical performance of the Company, as well as with revenue growth); and (iii) capital investments (estimated considering the technological infrastructure necessary to enable the provision of services).</div>

CY2023

viv

Goodwill Assessment Term

GoodwillAssessmentTerm

P5Y

CY2023Q4

ifrs-full

Description Of Growth Rate Used To Extrapolate Cash Flow Projections

DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections

0.040

CY2022Q4

ifrs-full

Description Of Growth Rate Used To Extrapolate Cash Flow Projections

DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections

0.0450

CY2023Q4

ifrs-full

Description Of Discount Rates Applied To Cash Flow Projections

DescriptionOfDiscountRatesAppliedToCashFlowProjections

0.120

CY2022Q4

ifrs-full

Description Of Discount Rates Applied To Cash Flow Projections

DescriptionOfDiscountRatesAppliedToCashFlowProjections

0.1260

CY2023Q4

viv

Description Of Pre Tax Discount Rates Applied To Cash Flow Projections

DescriptionOfPreTaxDiscountRatesAppliedToCashFlowProjections

0.1404

CY2022Q4

viv

Description Of Pre Tax Discount Rates Applied To Cash Flow Projections

DescriptionOfPreTaxDiscountRatesAppliedToCashFlowProjections

0.1418

CY2023

viv

Description Of Inflation Rate Applied To Cash Flow Projections

DescriptionOfInflationRateAppliedToCashFlowProjections

0.030

CY2022

viv

Description Of Inflation Rate Applied To Cash Flow Projections

DescriptionOfInflationRateAppliedToCashFlowProjections

0.0321

CY2023Q4

viv

Recoverable Value Of Cgu

RecoverableValueOfCGU

0.416

CY2023

viv

Percentage Of Reduction In Cash Flow After5 Years

PercentageOfReductionInCashFlowAfter5Years

0.374

CY2023

viv

Percentage Of Increase Of Up Of Results

PercentageOfIncreaseOfUpOfResults

0.0329

CY2023

viv

Percentage Of Discount Rate

PercentageOfDiscountRate

0.1529

CY2023

viv

Percentage Of Reduction Of Changes In Financial And Operational

PercentageOfReductionOfChangesInFinancialAndOperational

0.048

CY2023

viv

Perpetuity Growth Rate

PerpetuityGrowthRate

-0.008

CY2023Q4

viv

Consolidated Liability Balances Of The Share Compensation Plans

ConsolidatedLiabilityBalancesOfTheShareCompensationPlans

154689000

brl

CY2022Q4

viv

Consolidated Liability Balances Of The Share Compensation Plans

ConsolidatedLiabilityBalancesOfTheShareCompensationPlans

77175000

brl

CY2023Q4

ifrs-full

Provisions For Employee Benefits

ProvisionsForEmployeeBenefits

1285334000

brl

CY2022Q4

ifrs-full

Provisions For Employee Benefits

ProvisionsForEmployeeBenefits

1097326000

brl

CY2023Q4

ifrs-full

Current Provisions For Employee Benefits

CurrentProvisionsForEmployeeBenefits

1204183000

brl

CY2022Q4

ifrs-full

Current Provisions For Employee Benefits

CurrentProvisionsForEmployeeBenefits

1035652000

brl

CY2023Q4

ifrs-full

Noncurrent Provisions For Employee Benefits

NoncurrentProvisionsForEmployeeBenefits

81151000

brl

CY2022Q4

ifrs-full

Noncurrent Provisions For Employee Benefits

NoncurrentProvisionsForEmployeeBenefits

61674000

brl

CY2023

ifrs-full

Disclosure Of Trade And Other Payables Explanatory

DisclosureOfTradeAndOtherPayablesExplanatory

TRADE ACCOUNTS PAYABLE <div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are obligations to pay for goods, services or goods that were acquired in the normal course of business. They are initially recognized at fair value and subsequently measured at amortized cost using the effective tax rate method, if applicable.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Breakdown</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Sundry suppliers (Opex, Capex, Services e Material)</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,213,698 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,572,181 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Related parties (Note 29)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">509,836 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">375,299 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Amounts payable (operators, cobilling)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">221,777 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">224,555 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Interconnection / interlink</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">224,634 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">243,763 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,169,945 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,415,798 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023

ifrs-full

Description Of Accounting Policy For Trade And Other Payables Explanatory

DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These are obligations to pay for goods, services or goods that were acquired in the normal course of business. They are initially recognized at fair value and subsequently measured at amortized cost using the effective tax rate method, if applicable.</div>

CY2023Q4

ifrs-full

Trade And Other Payables To Trade Suppliers

TradeAndOtherPayablesToTradeSuppliers

7213698000

brl

CY2022Q4

ifrs-full

Trade And Other Payables To Trade Suppliers

TradeAndOtherPayablesToTradeSuppliers

6572181000

brl

CY2023Q4

viv

Trade Payables To Related Parties

TradePayablesToRelatedParties

509836000

brl

CY2022Q4

viv

Trade Payables To Related Parties

TradePayablesToRelatedParties

375299000

brl

CY2023Q4

viv

Amount Payable To Operators And Co Billing

AmountPayableToOperatorsAndCoBilling

221777000

brl

CY2022Q4

viv

Amount Payable To Operators And Co Billing

AmountPayableToOperatorsAndCoBilling

224555000

brl

CY2023Q4

ifrs-full

Payables For Purchase Of Noncurrent Assets

PayablesForPurchaseOfNoncurrentAssets

224634000

brl

CY2022Q4

ifrs-full

Payables For Purchase Of Noncurrent Assets

PayablesForPurchaseOfNoncurrentAssets

243763000

brl

CY2023Q4

ifrs-full

Trade And Other Payables

TradeAndOtherPayables

8169945000

brl

CY2022Q4

ifrs-full

Trade And Other Payables

TradeAndOtherPayables

7415798000

brl

CY2023Q4

ifrs-full

Current Tax Liabilities

CurrentTaxLiabilities

5501237000

brl

CY2022Q4

ifrs-full

Current Tax Liabilities

CurrentTaxLiabilities

3886247000

brl

CY2023Q4

ifrs-full

Current Tax Liabilities Current

CurrentTaxLiabilitiesCurrent

1605505000

brl

CY2022Q4

ifrs-full

Current Tax Liabilities Current

CurrentTaxLiabilitiesCurrent

1097512000

brl

CY2023Q4

ifrs-full

Current Tax Liabilities Noncurrent

CurrentTaxLiabilitiesNoncurrent

3895732000

brl

CY2022Q4

ifrs-full

Current Tax Liabilities Noncurrent

CurrentTaxLiabilitiesNoncurrent

2788735000

brl

CY2023

viv

Withholding Income Tax Rate

WithholdingIncomeTaxRate

0.15

CY2023Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

2247884000

brl

CY2022Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

3187417000

brl

CY2022Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

3187417000

brl

CY2021Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

4265715000

brl

CY2023

viv

Supplementary Dividends Payable To Owners Of Parent Relating To Prior Years

SupplementaryDividendsPayableToOwnersOfParentRelatingToPriorYears

826731000

brl

CY2022

viv

Supplementary Dividends Payable To Owners Of Parent Relating To Prior Years

SupplementaryDividendsPayableToOwnersOfParentRelatingToPriorYears

2028524000

brl

CY2023

viv

Dividends And Interest On Equity Payable As Distributions To Owners Of Parent Relating To Current Year

DividendsAndInterestOnEquityPayableAsDistributionsToOwnersOfParentRelatingToCurrentYear

2200553000

brl

CY2022

viv

Dividends And Interest On Equity Payable As Distributions To Owners Of Parent Relating To Current Year

DividendsAndInterestOnEquityPayableAsDistributionsToOwnersOfParentRelatingToCurrentYear

2763750000

brl

CY2023

viv

Unclaimed Dividends And Interest On Equity

UnclaimedDividendsAndInterestOnEquity

-139766000

brl

CY2022

viv

Unclaimed Dividends And Interest On Equity

UnclaimedDividendsAndInterestOnEquity

-167449000

brl

CY2023

viv

Dividends And Interest On Equity Recognised As Distributions To Owners Of Parent

DividendsAndInterestOnEquityRecognisedAsDistributionsToOwnersOfParent

-3832612000

brl

CY2022

viv

Dividends And Interest On Equity Recognised As Distributions To Owners Of Parent

DividendsAndInterestOnEquityRecognisedAsDistributionsToOwnersOfParent

-5709263000

brl

CY2023

viv

Irrf On Shareholders Exempt Immune From Interest On Equity

IrrfOnShareholdersExemptImmuneFromInterestOnEquity

5561000

brl

CY2022

viv

Irrf On Shareholders Exempt Immune From Interest On Equity

IrrfOnShareholdersExemptImmuneFromInterestOnEquity

6140000

brl

CY2023Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

2247884000

brl

CY2022Q4

viv

Dividend And Interest On Equity Current Payable

DividendAndInterestOnEquityCurrentPayable

3187417000

brl

CY2023

ifrs-full

Disclosure Of Other Provisions Contingent Liabilities And Contingent Assets Explanatory

DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory

PROVISION AND CONTINGENCIES<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, when it is probable that economic benefits are required to settle the obligation and a reliable estimate of the value of the obligation can be made. Provision is restated at the balance sheet date considering the likely amount of loss and the nature of each provision.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Provision amounts for contingencies are presented at their gross amount, less the corresponding judicial deposits, and are classified as provision for labor, tax, civil, and regulatory contingencies.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Judicial deposits are classified as assets given that the conditions required for their net presentation with provision do not exist.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The obligation arising from the provisions can be legal or constructive, derived from, among other factors, regulations, contracts, customary practices or public commitments that expose third parties to a valid expectation that the Company or its subsidiaries will assume certain responsibilities. The determination of the provision is based on the best estimate of the disbursement required to settle the corresponding obligation, considering the information available as at the closing date, including the opinion of independent experts, such as legal advisors.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Information on provisions and contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the tables with the composition and movement of provisions for legal claims, the unfavorable outcome of which is considered probable, in addition to contingent liabilities, provision for fines for cancellation of lease contracts, provision for dismantling and amounts to be refunded to customers.</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.388%"><tr><td style="width:1.0%"></td><td style="width:23.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.547%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Provision for contingencies(1)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Tax</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Regulatory</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Civil</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Labor</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Contingent liabilities (PPA)(2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Provision for fines for canceling lease agreements(3)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Provision for dismantling(4)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Amounts to be refunded to customers(5)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,147,369 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,986,244 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">935,971 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">486,955 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">488,598 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">378,105 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,423,242 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions (reversal), net (Note 27)</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">168,212 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(160,025)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">345,748 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">340,680 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(40,929)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,811)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">615,750 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,259,625 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Other additions</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">607 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,261 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,580 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,498 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34,946 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs due to payment</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(33,260)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(110,057)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(464,406)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(416,784)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(106,404)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,868)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,144,779)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Garliava (Note 1.c.3)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">453,697 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">589,024 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">66,803 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,109,524 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Vita IT (Note 1 c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,200 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,200 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interest accruals (Note 28)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">200,499 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">152,873 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">369,326 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,759 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,506 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,110 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">900,073 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,483,427 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,869,035 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,192,900 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">540,190 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">978,072 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">482,620 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">462,705 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">601,882 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,610,831 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions (reversal), net (Note 27)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">83,825 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(64,452)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">302,700 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">366,856 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,186)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(260,198)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(79,836)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">321,709 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Other additions</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(690)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,971 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,281 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs due to payment</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,770)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(166,229)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(493,828)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(377,139)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(181,429)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(505,281)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,742,676)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Vita IT (Note 1 c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,227)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,227)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Vale Saúde Sempre (Note 1 c.5)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,063 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">936 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">887 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,886 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interest accruals (Note 28)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">203,778 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,512 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">225,913 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">162,869 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">69,355 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,406 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">799,833 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,753,323 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,760,866 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,226,995 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">693,712 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,002,901 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,993 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">407,246 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,601 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,982,637 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104,898 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">404,654 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">217,229 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">482,620 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">66,803 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">601,882 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,878,086 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,483,427 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,764,137 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">788,246 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">322,961 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">978,072 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">395,902 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,732,745 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,034 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,363 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">334,152 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">381,606 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,993 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">222 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,601 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">900,971 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,738,289 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,728,503 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">892,843 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">312,106 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,002,901 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">407,024 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,081,666 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Provision for contingencies: The Company and its subsidiaries are parts to administrative; labor, tax, civil and regulatory claims, and accounting provision amounts have been recorded in respect of claims whose likelihood of loss was classified as probable. The assessment of the likelihood of loss includes an analysis of available evidence, the hierarchy of laws, available case law, the latest court decisions law and their relevance in the legal system, as well as the opinion of outside legal counsel. Provision is reviewed and adjusted considering changes in existing circumstances, such as the applicable statute of limitations, tax audit conclusions, or additional exposures identified based on new matters or court decisions.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Contingent consideration (PPA): Refers to the amounts of contingent liabilities arising from the PPA generated in the acquisition of control of VivoPart. in 2011, GVTPart. in 2015, Garliava and Vita IT in 2022), and VSS (2023), related to civil, labor and tax lawsuits at their fair value in the business combination.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Provision for fines for canceling lease agreements: Refers to the provision for fines for canceling lease agreements arising from Garliava, resulting from the sale or shutdown of sites.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(4)Provision for decommissioning of assets: Refers to costs to be incurred due to returning sites to owners (locations intended for tower and equipment installation on leased property) in the same condition as these were found at the time of execution of the initial lease agreement. These costs are provisioned as the present value from amounts expected to settle the obligation using estimated cash flows and they are recognized as part of the cost of the corresponding asset. The cash flows are discounted at a current pre-tax rate that reflects the risks specific to decommissioning of assets. The financial effect of the discount is recorded as incurred and recognized in the statement of income as a finance cost. The estimated future costs of decommissioning are reviewed annually and adjusted as appropriate. Changes in the estimated future costs or in the discount rate applied are added to, or deducted from, the cost of the asset.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(5)Amounts to be refunded to customers (Supplementary Law No. 194/2022): Amounts to be refunded to customers (Supplementary Law No. 194/2022): On July 23, 2022, Complementary Law No. 194, was enacted, which deals with the incidence of taxes on various sectors considered by the respective Law as essential and indispensable goods and services, leading to a reduction in the tax rate ICMS on communications services and the respective refund of these amounts to customers. These amounts to be refunded to customers were booked against discounts granted (note 25).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Negotiation with companies specialized in sharing structures (websites) (“TowerCo”) – Item (3</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In 2023, the Company carried out a general mapping of its site contracting needs and identified the opportunity to renegotiate quantities, terms and prices with several TowerCos, bringing a significant leverage to commercial conditions.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Negotiations with TowerCo to review the contracts resulting from the acquisition of part of UPI Ativos Móveis da Oi (note 1.c.3), the negotiations resulted in the following agreements: (i) for the portion of essential sites that it was decided to maintain, there was a unit price reduction while maintaining original deadlines and; (ii) for sites considered non-essential that were chosen to be demobilized, there were agreements to reduce or even eliminate any penalty.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The demobilization of 50% of these sites, whether through sale or write-off, was a condition precedent by CADE for the approval of the sale of Garliava, due to competition/regulatory issues on the date of closing of the transaction. Therefore, the Company established a provision for a fine of 100% on the residual value of 50% of the sites resulting from the acquisition of part of UPI Ativos Móveis from Oi, which were of no use to the Company.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">As a result of the negotiations described above, the Company recorded a net gain in the income statement of R$260,198 (note 27). In the movement shown in the table above, this amount is presented as “additions (reversal), net in the item “Provision for fines for canceling lease agreements”.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.1Tax provision and contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature/Degree of Risk </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Provisions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,753,323 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,483,427 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Federal</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">796,996 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">779,395 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">State</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,329,319 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,112,094 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Municipal</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,917 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,686 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">FUST</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">578,091 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">549,252 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Possible losses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,963,009 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,472,824 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Federal</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,534,240 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,042,010 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">State</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,130,420 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,712,030 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Municipal</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">633,097 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">479,484 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">FUST, FUNTTEL and FISTEL</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,665,252 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,239,300 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.1.1)Tax provisions</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Management, under advice of legal counsel, believes that the following losses present a probable risk of loss for the federal, state, municipal and regulatory (FUST) tax proceedings:</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Federal taxes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and/or its subsidiaries are party to administrative and legal proceedings at the Federal level relating to: (i) claims for the non-ratification of compensation and refund requests formulated; (ii) IRRF and CIDE on remittances abroad related to technical and administrative assistance and similar services, as well as royalties; (iii) Social Investment Fund (Finsocial) offset amounts; (iv) additional charges to the PIS and COFINS tax base, as well as additional charges to COFINS required by Law No. 9,718/1998; (v) ex-tariff, cancellation of the benefits under CAMEX Resolution No. 6, increase in the import duty from 4% to 28%; and (vi) INSS on one third on vacation pay.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">State taxes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and/or its subsidiaries are party to administrative and judicial proceedings at the State level for ICMS, regarding: (i) disallowance credits; (ii) non-taxation of alleged telecommunications services; (iii) tax credit for challenges/disputes over telecommunication services not provided or wrongly charged (Agreement 39/01); (iv) rate differential; (v) leasing of infrastructure for internet services (data); (vi) outflows of goods with prices lower than those of acquisition; (vii) non-taxation discounts to customers; (viii) unmeasured services; (ix) CIAP credit; and (x) monthly subscription, not covered by the modulation of the effects resulting from the judgment of the STF.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Municipal taxes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and/or its subsidiaries are party to Municipal tax proceedings, at the judicial level, relating to: (i) Property tax (“IPTU“); (ii) Services tax (“ISS“) on equipment leasing services, non-core activities and supplementary activities; and (iii) withholding of ISS on contractors' services.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">FUST</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and/or its subsidiaries have judicial proceedings related to the non-inclusion of interconnection expenses and industrial exploitation of a dedicated line in the calculation basis of FUST.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.1.2)Possible losses – tax contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Management, under advice of legal counsel, believes that the risk of loss for the following federal, state, municipal and regulatory (FUST, FUNTTEL and FISTEL) is possible:</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Federal taxes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and/or its subsidiaries are party to administrative and judicial proceedings, at the Federal level, which are awaiting decision at different court levels.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The more significant of these proceedings are: (i) contested non approval of requests for compensation submitted by the Company; (ii) INSS (a) SAT, social security amounts owed to third parties (INCRA and SEBRAE); (b) meals to employees, withholding of 11% (assignment of workforce); and (c) Stock Options – requirement of social security contributions on amounts paid to employees under the stock option plan; (iii) deduction of COFINS on swap operation losses; (iv) PIS and COFINS: (a) accrual basis versus cash basis; (b) levies on value-added services; and (c) monthly subscription services; (v) IPI levied on shipment of fixed access units from the Company's establishment; (vi) Financial transaction tax (IOF) – on loan transactions, intercompany loans and credit transactions; and (vii) IRRF on capital gain on the sale of the GVT Group to the Company.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">State taxes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and/or its subsidiaries are party to administrative and judicial proceedings, at the State level, related to ICMS, which are awaiting decision in different court levels: (i) rental of movable property; (ii) reversal of previously unused credits; (iii) service provided outside São Paulo State paid to São Paulo State; (iv) co-billing; (v) tax substitution with a fictitious tax base (tax guideline); (vi) use of credits on acquisition of electric power; (vii) secondary activities, value added and supplementary services; (viii) tax credits related to claims/challenges regarding telecommunications services not provided or mistakenly charged (Agreement 39/01); (ix) deferred collection of interconnection (“DETRAF“ – Traffic and Service Provision Document); (x) credits derived from tax benefits granted by other states; (xi) disallowance of tax incentives related to cultural projects; (xii) transfers of assets among business units owned by the Company; (xiii) communications service tax credits used in provision of services of the same nature; (xiv) card donation for prepaid service activation; (xv) reversal of credit from return and free lease in connection with assignment of networks (used by the Company itself and exemption of public bodies); (xvi) CDR/DETRAF fine; (xvii) own consumption; (xviii) exemption of public bodies; (xix) discounts granted; and (xx) monthly subscription with discussion about minutes allowance.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Municipal taxes</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and/or its subsidiaries are party to administrative and judicial proceedings, at the Municipal level, which are awaiting decision at different court levels. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The more significant of these proceedings are: (i) ISS on: (a) non-core activity, value-added and supplementary services; (b) withholding at source; (c) call identification and mobile phone licensing services; (d) full-time services, provision, returns and cancelled tax receipts; (e) data processing and antivirus; (f) charge for use of mobile network and lease of infrastructure; (g) advertising services; and (h) services provided by third parties; (ii) IPTU; (iii) land use tax; and (iv) various municipal charges.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">FUST, FUNTTEL and FISTEL</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Universal Telecommunications Services Fund (“FUST“)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Writs of mandamus were filed seeking the right to exclude revenues from interconnection and Industrial Use of Dedicated Line (“EILD“) in the FUST tax base, according to Abridgment No. 7 of December 15, 2005, as it does not comply with the provisions contained in the sole paragraph of Article 6 of Law No. 9,998/2000, which are awaiting a decision from Higher Courts.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Various administrative and judicial charges by ANATEL in administrative scope for the constitution of the tax credit related to interconnection, EILD and other revenues that do not originate from the provision of telecommunication services.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the consolidated amount totaled R$5,575,026 (R$5,103,037 on December 31, 2022).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Fund for Technological Development of Telecommunications (“FUNTTEL“)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Proceedings have been filed for the right not to include interconnection revenues and any others arising from the use of resources that are party of the networks in the FUNTTEL calculation basis, as determined by Law 10,052/2000 and Decree No. 3,737/2001, thus avoiding improper application of Article 4, paragraph 5, of Resolution 95/2013.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">There are several notifications of charges from the Ministry of Communications in administrative actions for constitution of the tax credit related to the interconnection, network resources and other revenues that do not originate from the provision of telecommunication services.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the consolidated amount totaled R$1,828,910 (R$1,013,427 on December 31, 2022).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Telecommunications Inspection Fund (“FISTEL“)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">There are judicial actions for the collection of TFI on: (i) extensions of the term of validity of the licenses for use of telephone exchanges associated with the operation of the fixed switched telephone service; and (ii) extensions of the period of validity of the right to use radiofrequency associated with the operation of the telephone service personal mobile service.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the consolidated amount totaled R$2,261,316 (R$2,122,836 on December 31, 2022).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.2Regulatory provision and contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature/Degree of Risk </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Provisions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,760,866 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,869,035 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Possible losses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,765,178 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,844,624 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.2.1)Regulatory provisions</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Management, under advice of legal counsel, believes the likelihood of loss of the following regulatory proceedings is probable:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company is a party to administrative proceedings initiated mainly by ANATEL, which were initiated on the grounds of alleged non-compliance with obligations established in sectoral regulations, as well as in legal proceedings that discuss, in the vast majority, sanctions applied by ANATEL at the administrative level. The main themes of these processes are the obligation to pay the burden of the mobile service (payment, every two years, referring to the right to use radio frequencies applicable to the SMP), the Company's obligations related to non-compliance with the rights of service consumers of telecommunications, compliance with quality indicators and compliance with coverage targets set out in the auction notice for acquiring the right to use spectrum.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">A dispute arose as to which revenues should be considered for the payment of amounts due for the renewal of radio frequencies in relation to the payment of SMP charges. The Company, together with its legal advisors, concluded that a probable loss is estimated of R$724,863 million on the payment of the SMP burden in relation to data revenue, due to the existence of unfavorable decisions at ANATEL in 2021 and in the courts with an unlikely prognosis of review, as the Company decided to begin collecting such amounts in favor of ANATEL, as of the 2022 collection.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.2.2)Possible losses – regulatory contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Management, under advice of legal counsel believes the likelihood of loss of the following regulatory proceedings is possible:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company is a party to administrative proceedings filed by ANATEL (other agents, including other operators, also have claims against the Company) alleging non-compliance with the obligations set forth in industry regulations, as well as legal claims which discuss the mostly sanctions applied by ANATEL at the administrative level. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Significant cases with possible risks of loss in the regulatory contingency portfolio include:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Litigation regarding the revenues to be included in the calculation of the amount of encumbrance due to the extension of radio frequencies associated with the SMP and the STFC concession (except for SMP data revenues, as informed in item c.1.1, of this Note). In ANATEL's view, the calculation of the encumbrance should be based on 2% on the entire economic benefit arising from the provision of STFC/SMP service. In the Company's view, however, revenues that are not part of STFC/SMP service plans, such as interconnection, revenues earned in the 15th year of the licenses' validity, and others, should not be considered in the calculation of the burden. As a result of this divergence of understanding, the Company filed administrative and legal actions to challenge ANATEL's charges.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•In May 2018, the Company filed a lawsuit to annul the ANATEL final decision, of March of the same year, in the records of the Procedure for Determining Noncompliance with Obligations (“PADO“) for alleged violations of the fixed telephony regulation. The principal amount of the fine imposed by ANATEL, and object of the lawsuit, totals R$199,075. On December 31, 2023 and 2022, the amount including interest and indexation accruals totaled approximately R$586,512 and R$540,846, respectively. The Company believes that the fine imposed is not legal and not due based, fundamentally, on the following defense arguments: (i) ANATEL's error in determining the universe of users considered in the fine (the number of users affected is less than that considered by the ANATEL); and (ii) the calculation of the penalty is disproportionate and baseless. The process was sent for analysis and decision by the CADE Court; the MPF has yet to issue its opinion. </div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Administrative proceeding pending at CADE, allegedly suggested a coordinated action among the companies Claro, Oi Móvel and the Company, which comprised the Rede Correios Consortium to compete in the electronic trading session no. 144/2015, carried out by the Brazilian Post and Telegraph Company; as well as alleged price discrimination by Company in relation to services offered to BT Brasil Serviços de Telecomunicações Ltda. (“BT“), contravening competitive protocols. In its defense, Company (i) states that the formation of consortia to participate in public tenders is legal and can promote competition; and (ii) demonstrates that there is no basis for allegation of discriminatory conduct, since: (a) the Company was not the only alternative to BT's supplier; and (b) prices of the service offered by the consortium cannot be compared to those quoted by BT, as they are of a difference technical nature, pricing and quantity of resources involved. On March 8, 2021, the Technical Note of the General Superintendence issued an opinion on the configuration of infractions of the economic order practiced by the companies. The process was forwarded by the technical area to the CADE Court, which decided that the operators engaged in anti-competitive conduct. And after this decision, the Company filed a motion for clarification, which were partially accepted, culminating in the application of a fine in the amount of R$28,394. The Company decided to file an annulment action seeking the annulment of said sanction, based especially on (i) the absence of illegality in the formation of a consortium to participate in public bidding; (ii) lack of typicality and impossibility of sanctioning by analogy; (iii) lack of clear criteria for calculating the sanction and lack of reasonableness. The case is in the first instance and is under investigation.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Process initiated by ANATEL to determine possible measures regarding the possible transfer of gains resulting from the STF decision, which excluded ICMS from the PIS/COFINS calculation basis between 2002 and 2017 in the concession plans. In this process, the Attorney General's Office and the technical area of ANATEL understand that such gains do not result from business efficiency, but rather from a change in the tax order. The return proposal suggested by ANATEL would be through a tariff review for basic plans and the construction of high-capacity backhaul infrastructure for alternative plans, totaling approximately R$1 billion, which was increased by ANATEL to R$1.4 billion from the judgment by ANATEL's Board of Directors in December 2023, which we assessed as a possible chance of loss. This amount is part of the balance of the concession negotiations, especially in Process No. 036.366/2023-4 in progress at the TCU before the Secretariat for External Control of Consensual Resolution and Conflict Prevention (SecexConsenso) and Process No. 53500.013207/2023-74 before ANATEL. In the event that negotiations do not prosper, the case may be challenged through arbitration proceedings.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Procedure for the Determination of Noncompliance with Obligations ("PADO"), which deals with coverage targets whose applied fine of R$127 million could be converted into an obligation to do, which consists of an alternative means of complying with the sanction of the fine, for investment for installation 4G radio base station in 188 locations without this technology, whose installation should take place in two and a half years, with maintenance costs equivalent to the period of one year. Installation cannot result from ran sharing agreements, swaps, network rentals, industrial exploitation contracts, or other contractual means. After adherence and confirmation of consent by ANATEL, compliance within the specified period will be monitored.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•The Company is a party to lawsuits that discuss annulling contractual clauses and obligations to do and not to do linked to the suspension of services, non-increase in tariffs, repairs and maintenance of poles, which do not involve a determined financial value and, at the current stage in found are invaluable. These processes are awaiting judgment in the courts.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.3Civil provision civil contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature/Degree of Risk </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Provisions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,226,995 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,192,900 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Possible losses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,126,718 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,175,547 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.1)Civil provisions</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Management, under advice of legal counsel, believes that the following civil proceedings will result in probable losses:</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-18pt">a)The Company is a party to proceedings involving rights to the supplementary amounts from shares calculated on community telephony plants and network expansion plans since 1996 (supplement of share proceedings). These proceedings are at different stages: lower courts, court of justice and high court of justice. On December 31, 2023, the provision was R$157,960 (R$145,874 on December 31, 2022).</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-18pt">b)The Company and/or its subsidiaries are party to various civil proceedings related to individual consumerist nature level, relating to the non-provision of services and/or products sold. On December 31, 2023, the provision was R$304,454 (R$244,663 on December 31, 2022).</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-18pt">c)The Company and/or its subsidiaries are party to various civil proceedings of a collective consumerist and non-consumer nature at administrative and judicial levels, all arising in the ordinary course of business. On December 31, 2023, the provision was R$764,581 (R$802,363 on December 31, 2022).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Possible losses – civil contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Management, under advice of legal counsel, believes that the risk of losses is possible for the following civil proceedings:</div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt">•The Company and its subsidiaries are party to other civil claims, at several levels, related to service rendering rights. Such claims have been filed by individual consumers, civil associations representing consumer rights of consumers or by the Consumer Protection (“PROCON“), as well as by the Federal and State Public Prosecutor's Office. The Company is also party to other claims of several types related to the ordinary course of business.</div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt">•Intellectual Property: Lune Projetos Especiais Telecomunicação Comércio e Ind. Ltda. (“Lune“), a Brazilian company, filed lawsuits on November 20, 2001, against 23 wireless carriers claiming to own the patent for “Bina“, a caller ID. The purpose of the lawsuit was to interrupt provision of such service by carriers and to seek indemnification equivalent to the amount paid by consumers for using the service. </div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt">•An unfavorable decision was handed down determining that the Company should refrain from selling mobile phones with the Bina ID service, subject to a daily fine of R$10 in the event of non-compliance. Furthermore, according to that decision, the Company must pay indemnification for royalties, to be calculated on settlement. Motions for Clarification were proposed by all parties and Lune's motions for clarification were accepted since an injunctive relief in this stage of the proceedings was deemed applicable. A bill of review appeal was filed in view of the current decision which granted a stay of execution suspending the unfavorable decision until final judgment. A bill of review was filed in view of the sentence handed down on June 30, 2016, by the 4th Chamber of the Court of Justice of the Federal District, in order to annul the lower court sentence and remit the proceedings back to the lower court for a new examination. The expertise was carried out and then the claims were dismissed. The parties filed an appeal. On February 1, 2023, the Court of Justice of the Federal District and Territories (“TJDFT”) judged the appeals filed and, unanimously, dismissed them, upholding the sentence of inadmissibility. Subsequently, a Special Appeal was filed by Lune. We present counterarguments and await judgment. Management is unable to reasonably estimate a liability with respect to this claim currently.</div><div style="margin-bottom:6pt;padding-left:54pt;text-align:justify;text-indent:-18pt">•The Company, together with other operators that provide telecommunications services, is a defendant in discussions that contest the practice that operators adopt of imposing a limited period for the use of prepaid minutes. That is, the plaintiff alleges that the minutes of the prepaid package must not expire after the end of a specific period, and that they can be used at any time by the consumer. The request of the Federal Public Ministry was not accepted, and the processes are awaiting judgment of appeal by the Federal Regional Court (“TRF“) of the 1st Region.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.4Labor provision and contingencies</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.026%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature/Degree of Risk </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Provision</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">693,712 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">540,190 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Possible losses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,587,544 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,490,560 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The labor provisions and contingencies involve several labor claims of former employees and former outsourced employees (these claiming subsidiary obligor or joint liability), which claim, among others: differences in overtime pay, variable remuneration, salary parity, additional unhealthy or dangerous.</div>

CY2023

ifrs-full

Disclosure Of Other Provisions Explanatory

DisclosureOfOtherProvisionsExplanatory

<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.388%"><tr><td style="width:1.0%"></td><td style="width:23.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.547%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Provision for contingencies(1)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Tax</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Regulatory</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Civil</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Labor</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Contingent liabilities (PPA)(2)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Provision for fines for canceling lease agreements(3)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Provision for dismantling(4)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right">Amounts to be refunded to customers(5)</div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,147,369 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,986,244 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">935,971 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">486,955 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">488,598 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">378,105 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,423,242 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions (reversal), net (Note 27)</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">168,212 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(160,025)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">345,748 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">340,680 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(40,929)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,811)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">615,750 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,259,625 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Other additions</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">607 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,261 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,580 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,498 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34,946 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs due to payment</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(33,260)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(110,057)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(464,406)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(416,784)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(106,404)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,868)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,144,779)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Garliava (Note 1.c.3)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">453,697 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">589,024 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">66,803 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,109,524 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Vita IT (Note 1 c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,200 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,200 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interest accruals (Note 28)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">200,499 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">152,873 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">369,326 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,759 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,506 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,110 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">900,073 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,483,427 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,869,035 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,192,900 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">540,190 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">978,072 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">482,620 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">462,705 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">601,882 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,610,831 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions (reversal), net (Note 27)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">83,825 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(64,452)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">302,700 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">366,856 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,186)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(260,198)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(79,836)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">321,709 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Other additions</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(690)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,971 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,281 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs due to payment</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,770)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(166,229)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(493,828)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(377,139)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(181,429)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(505,281)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,742,676)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Vita IT (Note 1 c.4)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,227)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,227)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Vale Saúde Sempre (Note 1 c.5)</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,063 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">936 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">887 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,886 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interest accruals (Note 28)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">203,778 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,512 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">225,913 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">162,869 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">69,355 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,406 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">799,833 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,753,323 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,760,866 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,226,995 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">693,712 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,002,901 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,993 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">407,246 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,601 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,982,637 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2.5pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104,898 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">404,654 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">217,229 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">482,620 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">66,803 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">601,882 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,878,086 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,483,427 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,764,137 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">788,246 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">322,961 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">978,072 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">395,902 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,732,745 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Balance on December 31, 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,034 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,363 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">334,152 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">381,606 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,993 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">222 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,601 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">900,971 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,738,289 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,728,503 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">892,843 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">312,106 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,002,901 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">407,024 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,081,666 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Provision for contingencies: The Company and its subsidiaries are parts to administrative; labor, tax, civil and regulatory claims, and accounting provision amounts have been recorded in respect of claims whose likelihood of loss was classified as probable. The assessment of the likelihood of loss includes an analysis of available evidence, the hierarchy of laws, available case law, the latest court decisions law and their relevance in the legal system, as well as the opinion of outside legal counsel. Provision is reviewed and adjusted considering changes in existing circumstances, such as the applicable statute of limitations, tax audit conclusions, or additional exposures identified based on new matters or court decisions.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Contingent consideration (PPA): Refers to the amounts of contingent liabilities arising from the PPA generated in the acquisition of control of VivoPart. in 2011, GVTPart. in 2015, Garliava and Vita IT in 2022), and VSS (2023), related to civil, labor and tax lawsuits at their fair value in the business combination.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Provision for fines for canceling lease agreements: Refers to the provision for fines for canceling lease agreements arising from Garliava, resulting from the sale or shutdown of sites.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(4)Provision for decommissioning of assets: Refers to costs to be incurred due to returning sites to owners (locations intended for tower and equipment installation on leased property) in the same condition as these were found at the time of execution of the initial lease agreement. These costs are provisioned as the present value from amounts expected to settle the obligation using estimated cash flows and they are recognized as part of the cost of the corresponding asset. The cash flows are discounted at a current pre-tax rate that reflects the risks specific to decommissioning of assets. The financial effect of the discount is recorded as incurred and recognized in the statement of income as a finance cost. The estimated future costs of decommissioning are reviewed annually and adjusted as appropriate. Changes in the estimated future costs or in the discount rate applied are added to, or deducted from, the cost of the asset.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(5)Amounts to be refunded to customers (Supplementary Law No. 194/2022): Amounts to be refunded to customers (Supplementary Law No. 194/2022): On July 23, 2022, Complementary Law No. 194, was enacted, which deals with the incidence of taxes on various sectors considered by the respective Law as essential and indispensable goods and services, leading to a reduction in the tax rate ICMS on communications services and the respective refund of these amounts to customers. These amounts to be refunded to customers were booked against discounts granted (note 25).</div>

CY2021Q4

ifrs-full

Other Provisions

OtherProvisions

6423242000

brl

CY2022

viv

Increase Decrease By Additions Reversal Other Provisions

IncreaseDecreaseByAdditionsReversalOtherProvisions

1259625000

brl

CY2022

viv

Additional Provisions Inflows Except Income Other Provisions

AdditionalProvisionsInflowsExceptIncomeOtherProvisions

34946000

brl

CY2022

viv

Provision Paid Other Provisions

ProvisionPaidOtherProvisions

-1144779000

brl

CY2022

viv

Increase Through Interest Accruals Other Provisions

IncreaseThroughInterestAccrualsOtherProvisions

900073000

brl

CY2022Q4

ifrs-full

Other Provisions

OtherProvisions

8610831000

brl

CY2023

viv

Increase Decrease By Additions Reversal Other Provisions

IncreaseDecreaseByAdditionsReversalOtherProvisions

321709000

brl

CY2023

viv

Additional Provisions Inflows Except Income Other Provisions

AdditionalProvisionsInflowsExceptIncomeOtherProvisions

8281000

brl

CY2023

viv

Provision Paid Other Provisions

ProvisionPaidOtherProvisions

-1742676000

brl

CY2023

viv

Increase Through Interest Accruals Other Provisions

IncreaseThroughInterestAccrualsOtherProvisions

799833000

brl

CY2023Q4

ifrs-full

Other Provisions

OtherProvisions

7982637000

brl

CY2022Q4

ifrs-full

Other Shortterm Provisions

OtherShorttermProvisions

1878086000

brl

CY2022Q4

ifrs-full

Other Longterm Provisions

OtherLongtermProvisions

6732745000

brl

CY2023Q4

ifrs-full

Other Shortterm Provisions

OtherShorttermProvisions

900971000

brl

CY2023Q4

ifrs-full

Other Longterm Provisions

OtherLongtermProvisions

7081666000

brl

CY2023Q4

viv

Other Provision For Possible Losses Of Anatel Under Universal Telecommunications Services Fund

OtherProvisionForPossibleLossesOfAnatelUnderUniversalTelecommunicationsServicesFund

5575026

brl

CY2022Q4

viv

Other Provision For Possible Losses Of Anatel Under Universal Telecommunications Services Fund

OtherProvisionForPossibleLossesOfAnatelUnderUniversalTelecommunicationsServicesFund

5103037

brl

CY2023Q4

viv

Other Provision For Possible Losses Of Anatel Under Fund For Technological Development Of Telecommunications

OtherProvisionForPossibleLossesOfAnatelUnderFundForTechnologicalDevelopmentOfTelecommunications

1828910

brl

CY2022Q4

viv

Other Provision For Possible Losses Of Anatel Under Fund For Technological Development Of Telecommunications

OtherProvisionForPossibleLossesOfAnatelUnderFundForTechnologicalDevelopmentOfTelecommunications

1013427

brl

CY2023Q4

viv

Other Provision For Possible Losses Of Anatel Under Telecommunications Inspection Fund

OtherProvisionForPossibleLossesOfAnatelUnderTelecommunicationsInspectionFund

2261316

brl

CY2022Q4

viv

Other Provision For Possible Losses Of Anatel Under Telecommunications Inspection Fund

OtherProvisionForPossibleLossesOfAnatelUnderTelecommunicationsInspectionFund

2122836

brl

CY2023

viv

Payment Of Personal Service Movable Loss

PaymentOfPersonalServiceMovableLoss

724863

brl

CY2023Q4

viv

Loans And Financing Current

LoansAndFinancingCurrent

4475660000

brl

CY2023Q4

viv

Loans And Financing Non Current

LoansAndFinancingNonCurrent

14261567000

brl

CY2023Q4

viv

Loans And Financing

LoansAndFinancing

18737227000

brl

CY2022Q4

viv

Loans And Financing Current

LoansAndFinancingCurrent

6019945000

brl

CY2022Q4

viv

Loans And Financing Non Current

LoansAndFinancingNonCurrent

13281851000

brl

CY2022Q4

viv

Loans And Financing

LoansAndFinancing

19301796000

brl

CY2023Q4

viv

Finance Lease Weighted Annual Interest Rate

FinanceLeaseWeightedAnnualInterestRate

0.1279

CY2023

viv

Finance Lease Average Maturity Period

FinanceLeaseAverageMaturityPeriod

P5Y4M17D

CY2022Q4

viv

Finance Lease Weighted Annual Interest Rate

FinanceLeaseWeightedAnnualInterestRate

0.1345

CY2022

viv

Finance Lease Average Maturity Period

FinanceLeaseAverageMaturityPeriod

P5Y6M3D

CY2023

viv

Reimbursement Period

ReimbursementPeriod

P20Y

CY2023Q4

viv

Reference Interest Rate Selic

ReferenceInterestRateSELIC

0.1303

CY2022Q4

viv

Reference Interest Rate Selic

ReferenceInterestRateSELIC

0.1238

CY2023Q4

viv

Variation In The General Price Index Igpdi

VariationInTheGeneralPriceIndexIGPDI

-0.0330

CY2022Q4

viv

Variation In The General Price Index Igpdi

VariationInTheGeneralPriceIndexIGPDI

0.0503

CY2022Q4

viv

Judicial Deposit For Business Acquisition

JudicialDepositForBusinessAcquisition

522297000

brl

CY2023Q4

viv

Noncurrent Borrowings Undiscounted Cash Flows

NoncurrentBorrowingsUndiscountedCashFlows

14261567000

brl

CY2021Q4

ifrs-full

Borrowings

16933978000

brl

CY2022

viv

Changes In Borrowings

ChangesInBorrowings

7729338000

brl

CY2022

viv

Foreign Exchange Variation On Borrowings

ForeignExchangeVariationOnBorrowings

108310000

brl

CY2022

ifrs-full

Interest Revenue Expense

InterestRevenueExpense

-1850286000

brl

CY2022

viv

Borrowings Cancellation Of Contracts And Other Write Offs

BorrowingsCancellationOfContractsAndOtherWriteOffs

-67220000

brl

CY2022

viv

Borrowings Repayments Of Principal Write Offs

BorrowingsRepaymentsOfPrincipalWriteOffs

-6986220000

brl

CY2022

viv

Borrowings Repayments Of Financial Charges Write Offs

BorrowingsRepaymentsOfFinancialChargesWriteOffs

-1531511000

brl

CY2022Q4

ifrs-full

Borrowings

19301796000

brl

CY2023

viv

Changes In Borrowings

ChangesInBorrowings

4769019000

brl

CY2023

viv

Foreign Exchange Variation On Borrowings

ForeignExchangeVariationOnBorrowings

-52254000

brl

CY2023

ifrs-full

Interest Revenue Expense

InterestRevenueExpense

-2092184000

brl

CY2023

viv

Dispute Settlement Agreement Acquisition Of Oi Mobile Upi1

DisputeSettlementAgreementAcquisitionOfOiMobileUPI1

-277507000

brl

CY2023

viv

Dispute Settlement Agreement Acquisition Of Oi Mobile Upi2

DisputeSettlementAgreementAcquisitionOfOiMobileUPI2

-277507000

brl

CY2023

viv

Borrowings Cancellation Of Contracts And Other Write Offs

BorrowingsCancellationOfContractsAndOtherWriteOffs

-338098000

brl

CY2023

viv

Borrowings Repayments Of Principal Write Offs

BorrowingsRepaymentsOfPrincipalWriteOffs

-4451943000

brl

CY2023

viv

Borrowings Repayments Of Financial Charges Write Offs

BorrowingsRepaymentsOfFinancialChargesWriteOffs

-2054278000

brl

CY2023Q4

ifrs-full

Borrowings

18737227000

brl

CY2023

ifrs-full

Disclosure Of Deferred Income Explanatory

DisclosureOfDeferredIncomeExplanatory

DEFERRED INCOME<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Contractual Liabilities (customers contracts)(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">963,407 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">865,407 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Sale of goods and fixed assets(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,699 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">78,027 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Government grants</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17,124 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,162 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">37,373 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,827 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,086,603 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">983,423 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">960,078 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">845,645 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">126,525 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">137,778 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Refers to the balance of contractual liabilities of customers, deferred when they relate to performance obligations satisfied over time.</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Includes the net balances of the residual values from sale of non-strategic towers and rooftops, transferred to income as the conditions for recognition are met.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the changes in contractual liabilities (contracts with customers), mainly represented by the sale of prepaid credits.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning of the fiscal year</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">865,407 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">619,881 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions </td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,051,367 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,794,042 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs, net</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,953,367)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,583,863)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Garliava (Note 1.c.3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">35,347 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the end of the year</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">963,407 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">865,407 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the expected terms for the realization of contractual, non-current liabilities.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:84.963%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Year</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">911,911 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2025</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,552 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2026</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,702 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2027</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,198 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2028</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,991 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2029 onwards</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,053 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">963,407 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023Q4

viv

Deferred Income Contractual Liabilities

DeferredIncomeContractualLiabilities

963407000

brl

CY2022Q4

viv

Deferred Income Contractual Liabilities

DeferredIncomeContractualLiabilities

865407000

brl

CY2023Q4

viv

Deferred Income Other Than Contract Liabilities Sale Of Goods And Fixed Assets

DeferredIncomeOtherThanContractLiabilitiesSaleOfGoodsAndFixedAssets

68699000

brl

CY2022Q4

viv

Deferred Income Other Than Contract Liabilities Sale Of Goods And Fixed Assets

DeferredIncomeOtherThanContractLiabilitiesSaleOfGoodsAndFixedAssets

78027000

brl

CY2023Q4

viv

Deferred Income Government Grants

DeferredIncomeGovernmentGrants

17124000

brl

CY2022Q4

viv

Deferred Income Government Grants

DeferredIncomeGovernmentGrants

28162000

brl

CY2023Q4

viv

Deferred Income Other

DeferredIncomeOther

37373000

brl

CY2022Q4

viv

Deferred Income Other

DeferredIncomeOther

11827000

brl

CY2023Q4

ifrs-full

Deferred Income Including Contract Liabilities

DeferredIncomeIncludingContractLiabilities

1086603000

brl

CY2022Q4

ifrs-full

Deferred Income Including Contract Liabilities

DeferredIncomeIncludingContractLiabilities

983423000

brl

CY2023Q4

ifrs-full

Current Deferred Income Including Current Contract Liabilities

CurrentDeferredIncomeIncludingCurrentContractLiabilities

960078000

brl

CY2022Q4

ifrs-full

Current Deferred Income Including Current Contract Liabilities

CurrentDeferredIncomeIncludingCurrentContractLiabilities

845645000

brl

CY2023Q4

ifrs-full

Noncurrent Deferred Income Including Noncurrent Contract Liabilities

NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities

126525000

brl

CY2022Q4

ifrs-full

Noncurrent Deferred Income Including Noncurrent Contract Liabilities

NoncurrentDeferredIncomeIncludingNoncurrentContractLiabilities

137778000

brl

CY2023

viv

Disclosure Of Changes In Contractual Liabilities Explanatory

DisclosureOfChangesInContractualLiabilitiesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:71.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the beginning of the fiscal year</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">865,407 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">619,881 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Additions </td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,051,367 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,794,042 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Write-offs, net</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,953,367)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,583,863)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Business combination – Garliava (Note 1.c.3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">35,347 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance at the end of the year</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">963,407 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">865,407 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2022Q4

viv

Deferred Income Contractual Liabilities

DeferredIncomeContractualLiabilities

865407000

brl

CY2021Q4

viv

Deferred Income Contractual Liabilities

DeferredIncomeContractualLiabilities

619881000

brl

CY2023

viv

Increase Through Additions Deferred Income Contractual Liabilities

IncreaseThroughAdditionsDeferredIncomeContractualLiabilities

8051367000

brl

CY2022

viv

Increase Through Additions Deferred Income Contractual Liabilities

IncreaseThroughAdditionsDeferredIncomeContractualLiabilities

7794042000

brl

CY2023

viv

Decrease Through Write Offs Net Deferred Income Contractual Liabilities

DecreaseThroughWriteOffsNetDeferredIncomeContractualLiabilities

-7953367000

brl

CY2022

viv

Decrease Through Write Offs Net Deferred Income Contractual Liabilities

DecreaseThroughWriteOffsNetDeferredIncomeContractualLiabilities

-7583863000

brl

CY2022

viv

Deferred Income Contractual Liabilities Business Combination

DeferredIncomeContractualLiabilitiesBusinessCombination

35347000

brl

CY2023Q4

viv

Deferred Income Contractual Liabilities

DeferredIncomeContractualLiabilities

963407000

brl

CY2022Q4

viv

Deferred Income Contractual Liabilities

DeferredIncomeContractualLiabilities

865407000

brl

CY2023

viv

Disclosure Of Maturity Analysis Of Deferred Income From Contractual Liabilities Explanatory

DisclosureOfMaturityAnalysisOfDeferredIncomeFromContractualLiabilitiesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:84.963%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Year</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">911,911 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2025</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,552 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2026</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,702 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2027</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,198 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2028</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,991 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2029 onwards</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,053 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">963,407 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2024

ifrs-full

Disclosure Of Other Liabilities Explanatory

DisclosureOfOtherLiabilitiesExplanatory

OTHER LIABILITIES<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:75.336%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.396%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Surplus from post-employment benefit plans (Note 31)</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,077,083 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">769,816 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Liabilities with ANATEL(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">929,520 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">776,878 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Third-party withholdings(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">205,315 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">299,411 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities with related parties (Note 29)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,671 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">124,724 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Obligations to customers – refund</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">124,533 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,460 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other liabilities</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">43,558 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45,145 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,385,680 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,079,434 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">509,495 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">601,053 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,876,185 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,478,381 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Includes the cost of renewing STFC and SMP licenses and SMP licenses and the extension of the authorization to use radio frequencies for the exploitation of SMP (Note 14.e). </div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)This refers to payroll withholdings and taxes withheld from pay-outs of interest on equity and on provision of services.</div>

CY2023Q4

ifrs-full

Recognised Liabilities Defined Benefit Plan

RecognisedLiabilitiesDefinedBenefitPlan

1077083000

brl

CY2022Q4

ifrs-full

Recognised Liabilities Defined Benefit Plan

RecognisedLiabilitiesDefinedBenefitPlan

769816000

brl

CY2023Q4

viv

Other Liabilities Payment For License Renewal

OtherLiabilitiesPaymentForLicenseRenewal

929520000

brl

CY2022Q4

viv

Other Liabilities Payment For License Renewal

OtherLiabilitiesPaymentForLicenseRenewal

776878000

brl

CY2023Q4

viv

Other Liabilities Third Party Withholdings

OtherLiabilitiesThirdPartyWithholdings

205315000

brl

CY2022Q4

viv

Other Liabilities Third Party Withholdings

OtherLiabilitiesThirdPartyWithholdings

299411000

brl

CY2023Q4

viv

Other Payables To Related Parties

OtherPayablesToRelatedParties

5671000

brl

CY2022Q4

viv

Other Payables To Related Parties

OtherPayablesToRelatedParties

124724000

brl

CY2023Q4

viv

Other Liabilities Amounts To Be Refunded To Subscribers

OtherLiabilitiesAmountsToBeRefundedToSubscribers

124533000

brl

CY2022Q4

viv

Other Liabilities Amounts To Be Refunded To Subscribers

OtherLiabilitiesAmountsToBeRefundedToSubscribers

63460000

brl

CY2023Q4

viv

Miscellaneous Other Liabilities

MiscellaneousOtherLiabilities

43558000

brl

CY2022Q4

viv

Miscellaneous Other Liabilities

MiscellaneousOtherLiabilities

45145000

brl

CY2023Q4

ifrs-full

Other Liabilities

OtherLiabilities

2385680000

brl

CY2022Q4

ifrs-full

Other Liabilities

OtherLiabilities

2079434000

brl

CY2023Q4

ifrs-full

Other Current Liabilities

OtherCurrentLiabilities

509495000

brl

CY2022Q4

ifrs-full

Other Current Liabilities

OtherCurrentLiabilities

601053000

brl

CY2023Q4

ifrs-full

Other Noncurrent Liabilities

OtherNoncurrentLiabilities

1876185000

brl

CY2022Q4

ifrs-full

Other Noncurrent Liabilities

OtherNoncurrentLiabilities

1478381000

brl

CY2023

ifrs-full

Disclosure Of Share Capital Reserves And Other Equity Interest Explanatory

DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory

EQUITY<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Capital</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Pursuant to its Articles of Incorporation, the Company is authorized to increase its share capital up to 1,850,000,000 common shares without requiring it first to adjust its bylaws. The Board of Directors is authorized to deliberate any increase and consequent issue of new shares within this limit.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Brazilian Corporation Law (Law no. 6404/1976, Article 166, item IV) – establishes that capital may be increased by an Extraordinary Shareholders' Meeting Resolution by modifying the Articles of Incorporation, if the authorized capital increase limit has been reached.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The shareholders will have preemptive rights to subscribe for a capital increase, in proportion to their number of shares. By resolution of the Board of Directors, the preemptive right in the issuance of shares, convertible debentures and subscription bonus, whose placement may be made through sale on the Stock Exchange or public subscription, exchange for shares in a public offer for acquisition may be excluded control, under the terms of articles 257 and 253 of the Corporation Law, as well as enjoy tax incentives, under the terms of special legislation, as provided for in article 172 of the Corporation Law.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Subscribed and paid-in capital on December 31, 2023, and 2022, amounted to R$63,571,416, represented by shares, all common, book-entry and without par value, distributed as follows: </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:43.152%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.266%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Shareholders</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Controlling Group</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,244,240,476 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">75.29 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,244,241,119 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">74.20 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Telefónica Latinoamérica Holding, S.L.</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">634,398,912 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38.38 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">634,399,555 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">37.83 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Telefónica</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">608,905,051 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36.85 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">608,905,051 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36.31 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Telefónica Chile</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">936,513 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.06 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">936,513 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.06 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:middle">Other shareholders</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">408,343,528 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">24.71 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">419,315,612 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25.00 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Treasury Shares</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,356 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,540 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.80 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:middle">Total shares</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,652,588,360 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.00 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,676,938,271 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.00 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Treasury Shares</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,356)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,381,540)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:middle">Total shares outstanding</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,652,584,004 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,663,556,731 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:middle">Book value per outstanding share:</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">On 12.31.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">R$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7pt 2px 0;text-align:right;vertical-align:middle">42.10</td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">On 12.31.2022</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">R$</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 7pt 2px 0;text-align:right;vertical-align:middle">41.12</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">Reduction of the Company's Capital – Request for Consent to ANATEL</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company, pursuant to the provisions of Article 157, paragraph 4, of Law No. 6,404, of December 15, 1976, as amended, and the provisions of CVM Resolution No. 44, of August 23, 2021, informed on February 15, 2023, that its Board of Directors had approved the submission of a request for prior consent with ANATEL to reduce its capital stock.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">At a meeting of ANATEL's Board of Directors, held on September 15, 2023, the request for prior consent for the Company to make one or more reductions in its current share capital (R$63,571,416 thousand) was unanimously approved, subject to to the Administration's assessment of opportunity and convenience, in a maximum total value of up to R$5 billion (five billion reais).</div><div style="margin-bottom:10pt;padding-left:18pt">On September 18, 2023, within the scope of the administrative process with ANATEL, the Ruling through which ANATEL granted, by imposing conditions, the aforementioned prior consent.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Subject to compliance with the conditions imposed by ANATEL, the decision of the Company's Management regarding opportunity and convenience, as well as obtaining the appropriate corporate approvals, the granting of said consent provides the Company with flexibility to carry out or not the Reductions, which, when carried out, will occur through the refund of resources to its shareholders in proportion to their shareholding on the respective base dates.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On November 8, 2023, the Company, in accordance with and for the purposes of the provisions of article 157, paragraph 4, of Law No. 6,404, of December 15, 1976, as amended, and the provisions of CVM Resolution No. 44/2021, informed its shareholders and the market in general that its Board of Directors approved: (i) a proposal, to be assessed and deliberated by the Company's shareholders at an EGM, of an operation to reduce the company's share capital Company in the amount of R$1.5 billion, without the cancellation of shares issued by the Company and through the refund of resources to shareholders, in national currency, to be paid in a single installment until July 31, 2024, in date to be determined by the Company's Board of Directors, and: (ii) the EGM to deliberate on the aforementioned capital reduction proposal and the consequent amendment to the Company's Bylaws.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The EGM to deliberate on the aforementioned capital reduction proposal and the consequent amendment to the Company's Bylaws was held on January 24, 2024 (note 35.b).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Company's share buyback program</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On February 15, 2023, the Company's Board of Directors, pursuant to article 15, item XV of the Bylaws and CVM Resolution 77/2022, approved a new share buyback program of the Company to acquire common shares for subsequent cancellation, sale or be held in treasury, without reducing capital stock, in order to increase shareholder value through the efficient use of available cash resources, optimizing capital allocation.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The repurchase of shares will be for up to 40,550,121 common shares, using resources available pursuant to article 8, paragraph 1, of CVM Resolution No. 77/2022, such as profit, capital and profit reserves from the current year. The maximum amount to be used in the program is R$500 million.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">This program starts on February 23, 2023 and ends on February 22, 2024.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Acquisitions will be made on the Stock Exchange (B3 – Brasil, Bolsa e Balcão), at market prices, and the Company's management will be responsible for deciding the time and number of shares to be acquired, respecting the limits set forth in the Program and applicable regulations. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">At a meeting held on February 15, 2023, the Company's Board of Directors approved the cancellation of 13,381,540 common, book-entry shares with no par value issued by the Company and held in treasury, referring to the position on December 31, 2022 , without reducing its share capital.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">At a meeting held on December 22, 2023, the Company's Board of Directors approved the cancellation of 10,968,371 common, book-entry shares with no par value issued by the Company and held in treasury, without reducing its share capital, acquired throughout 2023 within the context of the Share Buyback Program issued by the Company itself.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the movements of treasury shares, described in items c) and d) of this note.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:27.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Number of shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Values</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Capital reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Income reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Capital reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Income reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2021</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,046,652 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,046,652 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(606,536)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(606,536)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share buybacks</td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,200 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,200 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,429)</td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,429)</td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Right of recess (Garliava Note 1.c.3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">340 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">340 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share cancellations</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,046,652)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,046,652)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">606,536 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">606,536 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2022</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,540 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,540 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,443)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,443)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share buybacks</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,648,542 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,324,185 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,972,727 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(86,337)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(402,421)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(488,758)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share cancellations</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(17,025,726)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,324,185)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,349,911)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">693,586 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">402,421 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,096,007 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Equity on December 31, 2023</td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,356 </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,356 </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(194)</td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(194)</td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Capital reserves</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The balance on December 31, 2023 was R$63,095 (R$149,409 on December 31, 2022), comprises:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Special goodwill reserve: Refers to the tax benefit generated by the merger of Telefônica Data do Brasil Ltda. which will be capitalized in favor of the controlling shareholder (Telefónica and TLH) after the realization of the tax credit, pursuant to CVM Instruction 319/1999. The balance of this item on December 31, 2023 and 2022 was R$63,074.</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Treasury shares: The balance of this item on December 31, 2023 was R$194 (R$607,443 on December 312, 2022), as per the movement presented in note 24.b).</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Other capital reserves: Refers to the effects of capital transactions occurring in the acquisition, disposal and incorporation of companies by the Company and/or its subsidiaries. The balance of this item on December 31, 2023 was R$194 (R$693,778 on December 31, 2022). The variation occurred in this item refers to the repurchases and cancellations of common shares, note 24.b). This cancellation was recorded as a contra entry to “Treasury shares, in Capital reserves”.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Income reserves</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The balance on December 31, 2023 was R$5,885,575 (R$3,804,001 on December 31, 2022), subdivided into:</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Legal reserve: Reserve created mandatorily by the Company based on 5% of the net profit for the year, until reaching 20% of the paid-in share capital. The legal reserve may only be used to increase share capital and to offset accumulated losses. The balance of this item on December 31, 2023 was R$3,841,022 (R$3,589,552 on December 31, 2022).</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Treasury shares: Refers to the repurchases and cancellations of common shares that occurred in 2023, as provided for in the Company's share repurchase program, note 24.b).</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Tax incentives: Refers to the tax benefits that the Company has related to: (i) ICMS in the states of Minas Gerais and Espírito Santo, referring to credits granted with the competent bodies of the aforementioned states, linked to investments in the installation of SMP support equipment, in full functioning and operation, in accordance with current regulations, which ensure that the locations listed in the notice are included in the SMP coverage area; and (ii) 75% reduction in the IRPJ levied on profit earned in the states in the North and Northeast regions of the country (SUDAM and SUDENE areas). The portion of these tax benefits was excluded from the calculation of dividends and may only be used in cases of capital increase or loss absorption. The balance of this item on December 31, 2023 was R$313,581 (R$214,449 on December 31, 2022).</div><div style="margin-bottom:6pt;padding-left:36pt;text-align:justify;text-indent:-18pt">•Reserve for remuneration to shareholders and investments: According to Management's proposal and upon shareholder approval, the Company intends to set up the statutory reserve “Reserve for Remuneration to Shareholders and Investments”, in accordance with article 194 of the Brazilian Corporation Law, which will be allocated, upon Management's proposal, up to 50% of the net profit for the year, provided that the balance of said reserve does not exceed, in total, the corresponding to 20% of the Company's share capital, the resources of which may be used by the Company for: ( i) repurchase, redemption, reimbursement or amortization of shares issued by the Company itself; (ii) distribution of dividends to shareholders, including interim or interim dividends or in the form of interest on equity; and (iii) investments related to the Company's activities. Management will propose the allocation of R$1,730,972 of the net profit for the year ended December 31, 2023 to the Reserve for Shareholder Remuneration and Investments. The creation of the statutory reserve will be resolved at an Extraordinary General Meeting to be held immediately before the Ordinary General Meeting of April 11, 2024, which, in turn, will deliberate on the proposal for the allocation of net profit for the year ending on December 31, 2024. 2023.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">e)Dividend and interest on equity</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.1)Allocation of dividends and interest on equity for the 2023 and 2022</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The amounts of IOE are calculated and presented net of Withholding Income Tax (“IRRF”). Exempt shareholders received the full IOE amount, without withholding income tax at source.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">In 2023</div><div style="padding-left:18pt">At meetings of the Company's Board of Directors, ad referendum of the General Shareholders' Meeting ("AGM") to be held on April 11, 2024, approved the distribution of interim interest on equity, for the year of 2023, pursuant to article 26 of the Company's Bylaws, Article 9 of Law No. 9,249/95 and CVM Resolution No. 683/12, which will be imputed to the minimum mandatory dividend for the 2023 year, as follows:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.250%"><tr><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.319%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.759%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Dates</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Amount</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Approval</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Credit</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Payment limit</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom">Gross Amount</td><td colspan="3" style="border-top:1pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom">Net Value</td><td colspan="3" style="border-top:1pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom">Amount per Share, Net</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.15.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.28.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">106,000 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">90,100 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.054206 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.15.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.31.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">290,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">246,500 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.148347 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">05.15.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">05.31.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">320,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">272,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.163864 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">07.17.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">07.31.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">405,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">344,250 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.207620 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.15.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.31.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">265,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">225,250 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.135975 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">09.11.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">09.22.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">200,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">170,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.102623 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">10.10.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">10.23.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 1.87pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">150,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">127,500 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.076989 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.14.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.26.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 1.87pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">850,000 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">722,500 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.437194 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,586,000 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,198,100 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">In 2022</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In the AGM held on April 13, 2023, the financial statements and allocations of the result for the year 2022 were approved by majority vote of the holders of common shares present.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">During the 2022 financial year, the Company allocated intermediate dividends and interest on equity, which were allocated to the minimum mandatory dividends and proposed additional dividends, as follows:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:20.451%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.405%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Dates</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Amount</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Approval</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Credit</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Payment limit</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Gross Amount</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Amount per Share, Net</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.16.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.25.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">180,000 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">153,000 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.091286 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.17.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.31.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">250,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">212,500 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.126898 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.13.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.29.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">150,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">127,500 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.076179 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">06.14.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">06.30.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">480,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">408,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.244216 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.19.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.31.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">300,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">255,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.152788 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.09.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.29.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">715,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">607,750 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.365332 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Dividends</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">12.09.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">12.29.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">07.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.601122 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Proposed additional dividends</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.13.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.13.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">07.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">826,731 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">826,731 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.497538 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="21" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,901,731 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,590,481 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.2)Unclaimed dividends and interest on equity</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Pursuant to Article 287, paragraph II, item “a” of Law No. 6404, of December 15, 1976, the dividends and interest on equity unclaimed by shareholders are subject to the statute of limitation three years, as from the initial payment date. The Company reverses the amounts of unclaimed dividends and IOE to equity once the statute of limitation occurred.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For the years ended December 31, 2023 and 2022, the Company reversed unclaimed dividends and interest on equity amounting to R$139,766 and R$167,449, respectively, which were included in calculations for decisions on Company dividends.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">e.3)Remuneration to shareholders</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The dividends are calculated in accordance with the Company Articles of Incorporation and the Corporation Law. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The table below shows the calculation of dividends and interest on equity for 2023 and 2022:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:67.578%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.275%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net income for the year</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,029,389 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,085,013 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">(-) Allocation to legal reserve</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(251,470)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(204,250)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">(-) Tax incentives – not distributable</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(99,132)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(95,095)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Adjusted net income</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,678,787 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,785,668 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Dividend and IOE allocated for the year:</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,586,000)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,075,000)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interim interest on equity (gross) </td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,586,000)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,075,000)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interim dividends</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,000,000)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Unallocated net profit balance</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,092,787 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">710,668 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">(+) Unclaimed dividends and interest on equity</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">139,766 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">167,449 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">(-) Actuarial losses recognized and effect of limitation of surplus plan assets, net of taxes and other changes</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(99,160)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(51,386)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Income available for allocation</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,133,393 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">826,731 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Proposal for allocation:</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Proposed additional dividends – Net income for the year</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Share cancellation - share repurchase programs</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">402,421 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Reserve for shareholder remuneration and investments (2023) / Proposed additional dividends (2022)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,730,972 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">826,731 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,133,393 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">826,731 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Mandatory minimum dividend – 25% of adjusted net income</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,169,697 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">946,417 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:18pt">The amount per common share of the additional dividends proposed for 2022 was R$0.497538.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The proposal to management of the 2023 financial year that is presented above will be submitted to the annual general meeting to be held in 2024.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">f)Equity valuation adjustment </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Currency translation effects for foreign investments: This refers to currency translation differences arising from the translation of financial statements of Aliança (joint venture).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Financial assets at fair value through other comprehensive income: These refer to changes in fair value of financial assets available for sale.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Derivative financial instruments: These refer to the effective part of cash flow hedges up to the balance sheet date.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Changes in other comprehensive income were as follows.</div><div style="margin-bottom:15pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Currency translation effects – foreign investments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Derivative transactions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">77,640 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,074)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(409)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,157 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Translation losses</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16,258)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16,258)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Gains from derivatives</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">424 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">424 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Losses on financial assets at fair value through other comprehensive income</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(140)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(140)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">61,382 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,214)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">15 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">52,183 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Translation losses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,806)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,806)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Gains from derivatives</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(608)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(608)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Losses on financial assets at fair value through other comprehensive income</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(60)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(60)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">56,576 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,274)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(593)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">46,709 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">g)Non-controlling shareholders</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:35.681%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.278%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.87pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">IoTCo Brasil</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Vivo Ventures</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">CloudCo Brasil</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,185 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76,845 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">158,030 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,600 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,430 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,030 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,585 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,415 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">327 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,115 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,641)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,199)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,900 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,900 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(164)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,747 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,544 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in the statements of income</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">491 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(532)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,602)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,643)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">326 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">410 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,629)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(26,893)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(164)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">321 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">118 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in the statements of income</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">490 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,590)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,111)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,838 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,525 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,575 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">123,938 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,927 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,115 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,789 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,831 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,911 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">410 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,786 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52,107 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,386 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,080 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">586 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,052 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,066 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,066 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,737)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">55 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,682)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in result</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,123 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,986)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">531 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,668 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,383 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">450 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">585 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,418 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">511 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">511 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,736)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">55 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,681)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in result</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,119 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(61)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">530 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,588 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,607 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">43,055 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,746 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">162,408 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,313 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,195 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,375 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">101,883 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,294 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">860 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,371 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">60,525 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023Q4

ifrs-full

Number Of Shares Authorised

NumberOfSharesAuthorised

1850000000

shares

CY2023Q4

ifrs-full

Number Of Shares Issued

NumberOfSharesIssued

63571416

shares

CY2023Q4

ifrs-full

Number Of Shares Outstanding

NumberOfSharesOutstanding

1652584004000

shares

CY2022Q4

ifrs-full

Number Of Shares Outstanding

NumberOfSharesOutstanding

1663556731000

shares

CY2023Q4

viv

Book Value Per Share

BookValuePerShare

42100

CY2022Q4

viv

Book Value Per Share

BookValuePerShare

41120

CY2023Q4

ifrs-full

Issued Capital

IssuedCapital

63571416000

brl

CY2023Q4

viv

Maximum Total Value Of Share Reduction

MaximumTotalValueOfShareReduction

5

brl

CY2023Q4

viv

Amount Of Reduce The Company Share Capital

AmountOfReduceTheCompanyShareCapital

1500000000

brl

CY2023

viv

Maximum Number Of Shares Repurchase

MaximumNumberOfSharesRepurchase

40550121

shares

CY2023

viv

Maximum Value To Be Used In The Shares Repurchase Program

MaximumValueToBeUsedInTheSharesRepurchaseProgram

500

brl

CY2023Q1

viv

Number Of Shares Canceled

NumberOfSharesCanceled

13381540

shares

CY2023Q4

viv

Number Of Shares Canceled

NumberOfSharesCanceled

10968371

shares

CY2023

ifrs-full

Disclosure Of Treasury Shares Explanatory

DisclosureOfTreasurySharesExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:27.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.400%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Number of shares</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Values</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Capital reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Income reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Capital reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Income reserves</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2021</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,046,652 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,046,652 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(606,536)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(606,536)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share buybacks</td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,200 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,200 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,429)</td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,429)</td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Right of recess (Garliava Note 1.c.3)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">340 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">340 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share cancellations</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,046,652)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,046,652)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">606,536 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">606,536 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2022</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,540 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,381,540 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,443)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(607,443)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share buybacks</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,648,542 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,324,185 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,972,727 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(86,337)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(402,421)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(488,758)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Share cancellations</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(17,025,726)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,324,185)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,349,911)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">693,586 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">402,421 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,096,007 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Equity on December 31, 2023</td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,356 </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,356 </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(194)</td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(194)</td><td style="border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2021Q4

ifrs-full

Shares In Entity Held By Entity Or By Its Subsidiaries Or Associates

SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates

14046652000

shares

CY2021Q4

viv

Value Of Shares Held In Company

ValueOfSharesHeldInCompany

606536000

brl

CY2022

viv

Ifrs Treasury Stock Shares Acquired

IfrsTreasuryStockSharesAcquired

13381200000

shares

CY2022

viv

Share Buyback

ShareBuyback

607429000

brl

CY2022

viv

Number Of Shares Having Right Of Recess

NumberOfSharesHavingRightOfRecess

340000

shares

CY2022

viv

Value Of Shares With Right Of Recess

ValueOfSharesWithRightOfRecess

-14000

brl

CY2022

viv

Number Of Shares Cancelled

NumberOfSharesCancelled

-14046652000

shares

CY2022

ifrs-full

Cancellation Of Treasury Shares

CancellationOfTreasuryShares

606536000

brl

CY2022Q4

ifrs-full

Shares In Entity Held By Entity Or By Its Subsidiaries Or Associates

SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates

13381540000

shares

CY2022Q4

viv

Value Of Shares Held In Company

ValueOfSharesHeldInCompany

607443000

brl

CY2023

viv

Ifrs Treasury Stock Shares Acquired

IfrsTreasuryStockSharesAcquired

10972727000

shares

CY2023

ifrs-full

Payments To Acquire Or Redeem Entitys Shares

PaymentsToAcquireOrRedeemEntitysShares

488758000

brl

CY2023

viv

Number Of Shares Cancelled

NumberOfSharesCancelled

-24349911000

shares

CY2023

ifrs-full

Cancellation Of Treasury Shares

CancellationOfTreasuryShares

1096007000

brl

CY2023Q4

ifrs-full

Shares In Entity Held By Entity Or By Its Subsidiaries Or Associates

SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates

4356000

shares

CY2023Q4

viv

Value Of Shares Held In Company

ValueOfSharesHeldInCompany

194000

brl

CY2023Q4

viv

Capital And Capital Redemption Reserves

CapitalAndCapitalRedemptionReserves

63095000

brl

CY2022Q4

viv

Capital And Capital Redemption Reserves

CapitalAndCapitalRedemptionReserves

149409000

brl

CY2023

viv

Percentage Of Allocation Of Net Profit To The Reserve

PercentageOfAllocationOfNetProfitToTheReserve

0.50

CY2023Q4

viv

Allocation Of Net Profit To The Reserve For Shareholder Remunaration And Investments

AllocationOfNetProfitToTheReserveForShareholderRemunarationAndInvestments

1730972000

brl

CY2023

ifrs-full

Disclosure Of Dividends Explanatory

DisclosureOfDividendsExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The amounts of IOE are calculated and presented net of Withholding Income Tax (“IRRF”). Exempt shareholders received the full IOE amount, without withholding income tax at source.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">In 2023</div><div style="padding-left:18pt">At meetings of the Company's Board of Directors, ad referendum of the General Shareholders' Meeting ("AGM") to be held on April 11, 2024, approved the distribution of interim interest on equity, for the year of 2023, pursuant to article 26 of the Company's Bylaws, Article 9 of Law No. 9,249/95 and CVM Resolution No. 683/12, which will be imputed to the minimum mandatory dividend for the 2023 year, as follows:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.250%"><tr><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.319%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.752%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.759%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Dates</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Amount</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Approval</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Credit</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Payment limit</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom">Gross Amount</td><td colspan="3" style="border-top:1pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom">Net Value</td><td colspan="3" style="border-top:1pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom">Amount per Share, Net</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.15.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.28.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">10.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">106,000 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">90,100 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.054206 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.15.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.31.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">10.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">290,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">246,500 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.148347 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">05.15.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">05.31.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">320,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">272,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.163864 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">07.17.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">07.31.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">405,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">344,250 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.207620 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.15.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.31.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">265,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">225,250 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.135975 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">09.11.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">09.22.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">200,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">170,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.102623 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">10.10.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">10.23.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 1.87pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">150,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">127,500 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.076989 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.14.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.26.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">until 04.30.2024</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 1.87pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">850,000 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">722,500 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.437194 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,586,000 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,198,100 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:36pt;text-indent:-18pt">In 2022</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In the AGM held on April 13, 2023, the financial statements and allocations of the result for the year 2022 were approved by majority vote of the holders of common shares present.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">During the 2022 financial year, the Company allocated intermediate dividends and interest on equity, which were allocated to the minimum mandatory dividends and proposed additional dividends, as follows:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:20.451%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.405%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Dates</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Amount</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Nature</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Approval</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Credit</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Payment limit</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Gross Amount</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Net Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Amount per Share, Net</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.16.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">02.25.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">180,000 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">153,000 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.091286 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.17.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">03.31.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">250,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">212,500 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.126898 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.13.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.29.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">150,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">127,500 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.076179 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">06.14.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">06.30.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">480,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">408,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.244216 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.19.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">08.31.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">300,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">255,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.152788 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IOE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.09.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">12.29.2022</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">715,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">607,750 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.365332 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Dividends</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">12.09.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">12.29.2022</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:bottom">07.18.2023</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,000,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.601122 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Proposed additional dividends</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.13.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">04.13.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">07.18.2023</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">826,731 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">826,731 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.497538 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="21" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,901,731 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,590,481 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr></table></div>

CY2023

viv

Interest On Equity Gross

InterestOnEquityGross

-2586000000

brl

CY2023

viv

Interest On Equity Net

InterestOnEquityNet

2198100000

brl

CY2023

viv

Interest On Equity And Intermediate Dividends Gross Amount

InterestOnEquityAndIntermediateDividendsGrossAmount

3901731000

brl

CY2023

viv

Interest On Equity And Dividends Net Of Tax

InterestOnEquityAndDividendsNetOfTax

3590481000

brl

CY2023

viv

Unclaimed Dividends And Interest On Equity

UnclaimedDividendsAndInterestOnEquity

-139766000

brl

CY2022

viv

Unclaimed Dividends And Interest On Equity

UnclaimedDividendsAndInterestOnEquity

-167449000

brl

CY2023

ifrs-full

Profit Loss Attributable To Owners Of Parent

ProfitLossAttributableToOwnersOfParent

5029389000

brl

CY2022

ifrs-full

Profit Loss Attributable To Owners Of Parent

ProfitLossAttributableToOwnersOfParent

4085013000

brl

CY2023

viv

Adjustments Allocation Of Income To Legal Reserve

AdjustmentsAllocationOfIncomeToLegalReserve

251470000

brl

CY2022

viv

Adjustments Allocation Of Income To Legal Reserve

AdjustmentsAllocationOfIncomeToLegalReserve

204250000

brl

CY2023

viv

Adjustments Tax Incentives On Corporate Income Tax Return Adjustments

AdjustmentsTaxIncentivesOnCorporateIncomeTaxReturnAdjustments

99132000

brl

CY2022

viv

Adjustments Tax Incentives On Corporate Income Tax Return Adjustments

AdjustmentsTaxIncentivesOnCorporateIncomeTaxReturnAdjustments

95095000

brl

CY2023

viv

Profit Loss After Adjustments

ProfitLossAfterAdjustments

4678787000

brl

CY2022

viv

Profit Loss After Adjustments

ProfitLossAfterAdjustments

3785668000

brl

CY2023

viv

Dividend And Ioe Allocated For The Year

DividendAndIOEAllocatedForTheYear

-2586000000

brl

CY2022

viv

Dividend And Ioe Allocated For The Year

DividendAndIOEAllocatedForTheYear

-3075000000

brl

CY2023

viv

Interest On Equity Gross

InterestOnEquityGross

-2586000000

brl

CY2022

viv

Interest On Equity Gross

InterestOnEquityGross

-2075000000

brl

CY2023

viv

Interim Dividends

InterimDividends

0

brl

CY2022

viv

Interim Dividends

InterimDividends

-1000000000

brl

CY2023

viv

Unallocated Net Income

UnallocatedNetIncome

2092787000

brl

CY2022

viv

Unallocated Net Income

UnallocatedNetIncome

710668000

brl

CY2023

ifrs-full

Increase Decrease Through Sharebased Payment Transactions

IncreaseDecreaseThroughSharebasedPaymentTransactions

139766000

brl

CY2022

ifrs-full

Increase Decrease Through Sharebased Payment Transactions

IncreaseDecreaseThroughSharebasedPaymentTransactions

167449000

brl

CY2023

ifrs-full

Other Comprehensive Income Net Of Tax Gains Losses On Remeasurements Of Defined Benefit Plans

OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans

-99160000

brl

CY2022

ifrs-full

Other Comprehensive Income Net Of Tax Gains Losses On Remeasurements Of Defined Benefit Plans

OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans

-51386000

brl

CY2023

viv

Income Available For Distribution

IncomeAvailableForDistribution

2133393000

brl

CY2022

viv

Income Available For Distribution

IncomeAvailableForDistribution

826731000

brl

CY2023

viv

Reserve For The Share Buyback Program

ReserveForTheShareBuybackProgram

402421000

brl

CY2022

viv

Reserve For The Share Buyback Program

ReserveForTheShareBuybackProgram

0

brl

CY2023

viv

Allocation Of Income To Additional Dividend

AllocationOfIncomeToAdditionalDividend

1730972000

brl

CY2022

viv

Allocation Of Income To Additional Dividend

AllocationOfIncomeToAdditionalDividend

826731000

brl

CY2023

viv

Total Proposal For Distributions

TotalProposalForDistributions

2133393000

brl

CY2022

viv

Total Proposal For Distributions

TotalProposalForDistributions

826731000

brl

CY2023

viv

Mandatory Minimum Dividend

MandatoryMinimumDividend

1169697000

brl

CY2022

viv

Mandatory Minimum Dividend

MandatoryMinimumDividend

946417000

brl

CY2023

ifrs-full

Disclosure Of Analysis Of Other Comprehensive Income By Item Explanatory

DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory

<div style="margin-bottom:15pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Currency translation effects – foreign investments</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Financial assets at fair value through other comprehensive income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Derivative transactions</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">77,640 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,074)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(409)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,157 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Translation losses</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16,258)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16,258)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Gains from derivatives</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">424 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">424 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Losses on financial assets at fair value through other comprehensive income</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(140)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(140)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">61,382 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,214)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">15 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">52,183 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Translation losses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,806)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,806)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Gains from derivatives</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(608)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(608)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Losses on financial assets at fair value through other comprehensive income</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(60)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(60)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Balance on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">56,576 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,274)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(593)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">46,709 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

CY2021Q4

ifrs-full

Accumulated Other Comprehensive Income

AccumulatedOtherComprehensiveIncome

68157000

brl

CY2022

ifrs-full

Gains Losses On Exchange Differences On Translation Net Of Tax

GainsLossesOnExchangeDifferencesOnTranslationNetOfTax

-16258000

brl

CY2022

viv

Losses On Cash Flow Hedges Net Of Tax

LossesOnCashFlowHedgesNetOfTax

424000

brl

CY2022

ifrs-full

Other Comprehensive Income Net Of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income

OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-140000

brl

CY2022Q4

ifrs-full

Accumulated Other Comprehensive Income

AccumulatedOtherComprehensiveIncome

52183000

brl

CY2023

ifrs-full

Gains Losses On Exchange Differences On Translation Net Of Tax

GainsLossesOnExchangeDifferencesOnTranslationNetOfTax

-4806000

brl

CY2023

viv

Losses On Cash Flow Hedges Net Of Tax

LossesOnCashFlowHedgesNetOfTax

-608000

brl

CY2023

ifrs-full

Other Comprehensive Income Net Of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income

OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome

-60000

brl

CY2023Q4

ifrs-full

Accumulated Other Comprehensive Income

AccumulatedOtherComprehensiveIncome

46709000

brl

CY2023

ifrs-full

Disclosure Of Noncontrolling Interests Explanatory

DisclosureOfNoncontrollingInterestsExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:35.681%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.278%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 1.87pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">IoTCo Brasil</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Vivo Ventures</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">CloudCo Brasil</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2021</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,185 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76,845 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">158,030 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,600 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,430 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,030 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,585 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,415 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,000 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">327 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,115 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,641)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,199)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,900 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,900 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(164)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,747 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,544 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in the statements of income</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">491 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(532)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,602)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,643)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">326 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">410 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,629)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(26,893)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(164)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">321 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">118 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in the statements of income</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">490 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,590)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(27,111)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2022</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">81,838 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,525 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,575 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">123,938 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,927 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,115 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,789 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,831 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,911 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">410 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,786 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52,107 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,386 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,080 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">586 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,052 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,066 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,066 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,737)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">55 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,682)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in result</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,123 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,986)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">531 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,668 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,383 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">450 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">585 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,418 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Capital contributions in investees</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">511 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">511 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in equity</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,736)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">55 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,681)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 20.8pt;text-align:left;text-indent:-7.2pt;vertical-align:middle">Movements in result</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,119 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(61)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">530 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,588 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 13.19pt;text-indent:-3.69pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Equity on December 31, 2023</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,607 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">43,055 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,746 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">162,408 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Company</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,313 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,195 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,375 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">101,883 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-controlling shareholders</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,294 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">860 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,371 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">60,525 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2023

ifrs-full

Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity

ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity

5029389000

brl

CY2022

ifrs-full

Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity

ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity

4085013000

brl

CY2021

ifrs-full

Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity

ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity

6239364000

brl

CY2023

ifrs-full

Weighted Average Shares

WeightedAverageShares

1658604000

shares

CY2022

ifrs-full

Weighted Average Shares

WeightedAverageShares

1670851000

shares

CY2021

ifrs-full

Weighted Average Shares

WeightedAverageShares

1683095000

shares

CY2023

ifrs-full

Basic Earnings Loss Per Share

BasicEarningsLossPerShare

3.03

CY2022

ifrs-full

Basic Earnings Loss Per Share

BasicEarningsLossPerShare

2.44

CY2021

ifrs-full

Basic Earnings Loss Per Share

BasicEarningsLossPerShare

3.71

CY2023

ifrs-full

Disclosure Of Revenue Explanatory

DisclosureOfRevenueExplanatory

NET OPERATING REVENUE<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Revenues correspond substantially to the provision of telecommunication services, communications, sales of goods, advertising and other revenues, and are presented net of taxes, discounts and returns (in the case of sale of goods), levied on them.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Total revenues from packages that combine several products or services (fixed, mobile, data, internet or television) are allocated to each performance obligation based on their independent selling prices in relation to the total consideration for the package and recognized when (or as soon as) the obligation is satisfied. When packages promote some discount on equipment or services, an accounting adjustment is made to allocate the sale price between them based on their fair price, constituting a contractual asset or liability, which is appropriated to income over subsequent periods.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Revenues from sales of prepaid cellular recharge credits, as well as the respective taxes due, are deferred and recognized in income as the services are effectively provided.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Revenues from equipment leasing contracts, classified as leasing (Vivo TECH product), are recognized when the equipment is installed, when the effective transfer of risk occurs. Revenues are recognized at the present value of future minimum contract payments.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Revenue from the sale of handsets to dealers is accounted for upon delivery, when all risks and benefits are transferred to accredited agents.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's revenue recognition process is complex, due to the large volume of transactions and wide range of goods/services that can be sold/provided separately or in aggregate, under different commercial conditions. Besides, there is the complexity of the process used by management for estimating recognized revenue rendered and not yet billed, given the diversity of data sources, revenue streams and the number of systems involved.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Revenues from services and goods are basically subject to the following indirect taxes: ICMS or ISS, as the case may be, PIS and COFINS.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Breakdown</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:63.267%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Gross operating revenue</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,229,553 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67,761,022 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,611,536 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt;text-indent:-3.69pt">Services(1)</div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,727,415 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">60,845,159 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">58,263,461 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt;text-indent:-3.69pt">Sale of goods(2)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,502,138 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,915,863 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,348,075 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Deductions from gross operating revenue </td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,129,402)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,719,860)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(20,578,923)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Taxes</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,654,728)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,460,021)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,019,110)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Services</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,078,822)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,080,992)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11,815,168)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Sale of goods</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,575,906)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,379,029)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,203,942)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Discounts granted and return of goods</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,474,674)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,259,839)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,559,813)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12pt;text-indent:-3.69pt">Services(3)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,373,301)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,199,625)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,533,773)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Sale of goods</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,101,373)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,060,214)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,026,040)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Net operating revenue</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52,100,151 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,041,162 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,032,613 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Services </td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,275,292 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,564,542 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,914,520 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Sale of goods</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,824,859 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,476,620 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,118,093 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)These include telephone services, use of interconnection network, data and SVA services, cable TV and other services.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)These include sale of goods (handsets, SIM cards and accessories) and equipment of “Vivo Tech”.</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)The consolidated balances in the December 31, 2022 include R$615,750, to be refunded to customers as a result of Complementary Law No. 194 of July 23, 2022, which addresses taxes levied in sectors deemed to be essential and indispensable for goods and services, resulting in the reduction of ICMS rate on communications services. The balance was recorded as a contra entry to provisions and contingencies (Note 20).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">No single customer contributed more than 10% of gross operating revenue for the years ended December 31, 2023, 2022 and 2021.</div>

CY2023

viv

Gross Operating Revenue

GrossOperatingRevenue

71229553000

brl

CY2022

viv

Gross Operating Revenue

GrossOperatingRevenue

67761022000

brl

CY2021

viv

Gross Operating Revenue

GrossOperatingRevenue

64611536000

brl

CY2023

viv

Deductions From Gross Operating Revenue

DeductionsFromGrossOperatingRevenue

-19129402000

brl

CY2022

viv

Deductions From Gross Operating Revenue

DeductionsFromGrossOperatingRevenue

-19719860000

brl

CY2021

viv

Deductions From Gross Operating Revenue

DeductionsFromGrossOperatingRevenue

-20578923000

brl

CY2023

viv

Tax On Operating Revenue

TaxOnOperatingRevenue

-10654728000

brl

CY2022

viv

Tax On Operating Revenue

TaxOnOperatingRevenue

-11460021000

brl

CY2021

viv

Tax On Operating Revenue

TaxOnOperatingRevenue

-13019110000

brl

CY2023

viv

Discount On Sales And Return Of Goods

DiscountOnSalesAndReturnOfGoods

-8474674000

brl

CY2022

viv

Discount On Sales And Return Of Goods

DiscountOnSalesAndReturnOfGoods

-8259839000

brl

CY2021

viv

Discount On Sales And Return Of Goods

DiscountOnSalesAndReturnOfGoods

-7559813000

brl

CY2023

ifrs-full

Revenue From Rendering Of Telecommunication Services

RevenueFromRenderingOfTelecommunicationServices

52100151000

brl

CY2022

ifrs-full

Revenue From Rendering Of Telecommunication Services

RevenueFromRenderingOfTelecommunicationServices

48041162000

brl

CY2021

ifrs-full

Revenue From Rendering Of Telecommunication Services

RevenueFromRenderingOfTelecommunicationServices

44032613000

brl

CY2022

viv

Amount Refunded To Customers

AmountRefundedToCustomers

615750

brl

CY2023Q4

viv

Percentage Of Gross Operating Revenues Costumer Contribution

PercentageOfGrossOperatingRevenuesCostumerContribution

0.10

CY2023

ifrs-full

Disclosure Of Expenses Explanatory

DisclosureOfExpensesExplanatory

OPERATING COSTS AND EXPENSES<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cost of sales and services</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Selling expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">General and administrative expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Third-party services(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,419,794)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,889,946)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,070,918)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16,380,658)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Depreciation and amortization(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,997,645)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,541,485)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(850,443)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(13,389,573)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Personnel(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,302,479)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,415,532)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(895,751)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,613,762)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost of goods sold</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,301,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,301,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Taxes, charges and contributions(4)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,060,261)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(29,492)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(40,364)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,130,117)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses on accounts receivable (Note 5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,362,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,362,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Rental, insurance, condominium and connection means(5)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,241,597)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(72,742)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(49,765)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,364,104)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials and other operating costs and expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(92,532)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(127,365)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(50,055)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(269,952)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(29,415,400)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,439,240)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,957,296)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(44,811,936)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cost of sales and services</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Selling expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">General and administrative expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Third-party services(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,865,064)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,730,219)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,063,572)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(15,658,855)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Depreciation and amortization(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,309,553)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,521,709)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(828,611)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,659,873)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Personnel(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,109,109)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,059,974)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(719,017)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,888,100)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost of goods sold</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,841,064)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,841,064)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Taxes, charges and contributions(4)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,905,558)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(33,255)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(53,395)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,992,208)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses on accounts receivable (Note 5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,315,614)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,315,614)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Rental, insurance, condominium and connection means(5)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,307,950)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(66,148)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(48,182)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,422,280)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials and other operating costs and expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(93,382)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(112,207)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(24,823)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(230,412)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(27,431,680)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11,839,126)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,737,600)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(42,008,406)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cost of sales and services</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Selling expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">General and administrative expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Third-party services(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,019,315)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,768,909)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,054,453)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(14,842,677)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Depreciation and amortization(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,688,780)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,506,862)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(842,689)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,038,331)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Personnel(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(861,876)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,661,782)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(588,016)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,111,674)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost of goods sold</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,222,043)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,222,043)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Taxes, charges and contributions(4)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,704,235)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(29,649)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(52,818)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,786,702)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses on accounts receivable (Note 5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,436,288)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,436,288)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Rental, insurance, condominium and connection means(5)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,187,976)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(57,852)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(44,187)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,290,015)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials and other operating costs and expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(97,144)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(132,775)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(33,742)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(263,661)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(24,781,369)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11,594,117)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,615,905)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(38,991,391)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Includes costs and expenses for interconnection and use of networks, advertising and publicity, plant maintenance, electricity, security, cleaning, TV content purchase, commercial brokerage and intermediation, partnerships, call center, back office, logistics and storage, preparation and posting of telephone bills, banking services, among others.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Includes the consolidated amounts of R$3,353,344 and R$3,049,570 and R$2,737,111 in the years ended December 31, 2023, 2022 and 2021, respectively, related to the leases depreciation (Note 13.e).</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Includes costs and expenses with fees, salaries, social charges and benefits, profit sharing, stock-based compensation plans, pension plans and other post-employment benefits, training, transportation, health and nutrition.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(4)Includes costs and expenses with FISTEL, FUST, FUNTTEL, liens for renewal of licenses and other taxes, fees and contributions.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(5)Includes costs and expenses of infrastructure, real estate, equipment, vehicles, insurance and means of connection.</div>

CY2023

ifrs-full

Disclosure Of Attribution Of Expenses By Nature To Their Function Explanatory

DisclosureOfAttributionOfExpensesByNatureToTheirFunctionExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cost of sales and services</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Selling expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">General and administrative expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Third-party services(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,419,794)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,889,946)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,070,918)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16,380,658)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Depreciation and amortization(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,997,645)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,541,485)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(850,443)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(13,389,573)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Personnel(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,302,479)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,415,532)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(895,751)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,613,762)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost of goods sold</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,301,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,301,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Taxes, charges and contributions(4)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,060,261)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(29,492)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(40,364)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,130,117)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses on accounts receivable (Note 5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,362,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,362,678)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Rental, insurance, condominium and connection means(5)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,241,597)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(72,742)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(49,765)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,364,104)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials and other operating costs and expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(92,532)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(127,365)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(50,055)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(269,952)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(29,415,400)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,439,240)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,957,296)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(44,811,936)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cost of sales and services</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Selling expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">General and administrative expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Third-party services(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,865,064)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,730,219)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,063,572)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(15,658,855)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Depreciation and amortization(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,309,553)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,521,709)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(828,611)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,659,873)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Personnel(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,109,109)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,059,974)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(719,017)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,888,100)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost of goods sold</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,841,064)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,841,064)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Taxes, charges and contributions(4)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,905,558)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(33,255)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(53,395)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,992,208)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses on accounts receivable (Note 5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,315,614)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,315,614)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Rental, insurance, condominium and connection means(5)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,307,950)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(66,148)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(48,182)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,422,280)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials and other operating costs and expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(93,382)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(112,207)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(24,823)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(230,412)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(27,431,680)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11,839,126)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,737,600)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(42,008,406)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:51.198%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.398%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cost of sales and services</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Selling expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">General and administrative expenses</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Third-party services(1)</div></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,019,315)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,768,909)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,054,453)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(14,842,677)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Depreciation and amortization(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,688,780)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,506,862)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(842,689)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,038,331)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Personnel(3)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(861,876)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,661,782)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(588,016)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,111,674)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cost of goods sold</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,222,043)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,222,043)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Taxes, charges and contributions(4)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,704,235)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(29,649)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(52,818)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,786,702)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Estimated impairment losses on accounts receivable (Note 5)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,436,288)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,436,288)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Rental, insurance, condominium and connection means(5)</div></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,187,976)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(57,852)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(44,187)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,290,015)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Materials and other operating costs and expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(97,144)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(132,775)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(33,742)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(263,661)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(24,781,369)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11,594,117)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,615,905)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(38,991,391)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Includes costs and expenses for interconnection and use of networks, advertising and publicity, plant maintenance, electricity, security, cleaning, TV content purchase, commercial brokerage and intermediation, partnerships, call center, back office, logistics and storage, preparation and posting of telephone bills, banking services, among others.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Includes the consolidated amounts of R$3,353,344 and R$3,049,570 and R$2,737,111 in the years ended December 31, 2023, 2022 and 2021, respectively, related to the leases depreciation (Note 13.e).</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Includes costs and expenses with fees, salaries, social charges and benefits, profit sharing, stock-based compensation plans, pension plans and other post-employment benefits, training, transportation, health and nutrition.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(4)Includes costs and expenses with FISTEL, FUST, FUNTTEL, liens for renewal of licenses and other taxes, fees and contributions.</div>(5)Includes costs and expenses of infrastructure, real estate, equipment, vehicles, insurance and means of connectio

CY2023

viv

Third Party Services Expenses

ThirdPartyServicesExpenses

16380658000

brl

CY2023

ifrs-full

Depreciation And Amortisation Expense

DepreciationAndAmortisationExpense

13389573000

brl

CY2023

ifrs-full

Employee Benefits Expense

EmployeeBenefitsExpense

5613762000

brl

CY2023

viv

Cost Relating To Goods Sold

CostRelatingToGoodsSold

4301092000

brl

CY2023

viv

Taxes Charges And Contributions Expense

TaxesChargesAndContributionsExpense

2130117000

brl

CY2023

viv

Estimated Impairment Losses On Accounts Receivable

EstimatedImpairmentLossesOnAccountsReceivable

1362678000

brl

CY2023

viv

Rental Insurance Condominium And Connection Means Expenses

RentalInsuranceCondominiumAndConnectionMeansExpenses

1364104000

brl

CY2023

viv

Material And Other Operating Costs And Expenses

MaterialAndOtherOperatingCostsAndExpenses

269952000

brl

CY2023

ifrs-full

Operating Expense

OperatingExpense

44811936000

brl

CY2022

viv

Third Party Services Expenses

ThirdPartyServicesExpenses

15658855000

brl

CY2022

ifrs-full

Depreciation And Amortisation Expense

DepreciationAndAmortisationExpense

12659873000

brl

CY2022

ifrs-full

Employee Benefits Expense

EmployeeBenefitsExpense

4888100000

brl

CY2022

viv

Cost Relating To Goods Sold

CostRelatingToGoodsSold

3841064000

brl

CY2022

viv

Taxes Charges And Contributions Expense

TaxesChargesAndContributionsExpense

1992208000

brl

CY2022

viv

Estimated Impairment Losses On Accounts Receivable

EstimatedImpairmentLossesOnAccountsReceivable

1315614000

brl

CY2022

viv

Rental Insurance Condominium And Connection Means Expenses

RentalInsuranceCondominiumAndConnectionMeansExpenses

1422280000

brl

CY2022

viv

Material And Other Operating Costs And Expenses

MaterialAndOtherOperatingCostsAndExpenses

230412000

brl

CY2022

ifrs-full

Operating Expense

OperatingExpense

42008406000

brl

CY2021

viv

Third Party Services Expenses

ThirdPartyServicesExpenses

14842677000

brl

CY2021

ifrs-full

Depreciation And Amortisation Expense

DepreciationAndAmortisationExpense

12038331000

brl

CY2021

ifrs-full

Employee Benefits Expense

EmployeeBenefitsExpense

4111674000

brl

CY2021

viv

Cost Relating To Goods Sold

CostRelatingToGoodsSold

3222043000

brl

CY2021

viv

Taxes Charges And Contributions Expense

TaxesChargesAndContributionsExpense

1786702000

brl

CY2021

viv

Estimated Impairment Losses On Accounts Receivable

EstimatedImpairmentLossesOnAccountsReceivable

1436288000

brl

CY2021

viv

Rental Insurance Condominium And Connection Means Expenses

RentalInsuranceCondominiumAndConnectionMeansExpenses

1290015000

brl

CY2021

viv

Material And Other Operating Costs And Expenses

MaterialAndOtherOperatingCostsAndExpenses

263661000

brl

CY2021

ifrs-full

Operating Expense

OperatingExpense

38991391000

brl

CY2023

viv

Depreciation On Lease

DepreciationOnLease

3353344

brl

CY2022

viv

Depreciation On Lease

DepreciationOnLease

3049570

brl

CY2021

viv

Depreciation On Lease

DepreciationOnLease

2737111

brl

CY2023

ifrs-full

Disclosure Of Other Operating Income Expense Explanatory

DisclosureOfOtherOperatingIncomeExpenseExplanatory

OTHER OPERATING INCOME (EXPENSES)<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:57.664%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.264%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Recovered expenses and fines(1)(3)</div></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,097,797 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">960,851 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,534,835 </td><td style="background-color:#eeefef;border-top:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Provision for labor, tax and civil contingencies (Note 20)</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(661,743)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(653,686)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,066,022)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net income from the FiBrasil operation, including goodwill write-off</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">416,577 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Other operating income, net(2)(3)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">204,266 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">281,732 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,235 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">640,320 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">588,897 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,927,625 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other operating income</td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,302,059 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,242,583 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,993,647 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other operating expenses</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(661,739)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(653,686)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,066,022)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">640,320 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">588,897 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,927,625 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)For the years ended December 31, 2023, 2022 and 2021, includes tax credits, in the amounts of R$276,726, R$396,723 and R$1,660,295, respectively, arising from decisions on lawsuits, in favor of the Company, which recognized tax credits of PIS and COFINS (note 9). The remaining balance refers to contractual fines and other tax credits.</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)On December 31, 2023, includes R$244,229 referring to the reversal of part of the remaining 50% arising from the agreement in relation to the Post-Closing Adjustment (as defined in the Share Purchase and Sale Agreement and Other Covenants) (“Parties” ) (“Agreement”), entered into between the Buyers (the Company, TIM S.A. and Claro S.A.) and Oi. S.A. – In Judicial Recovery (Seller), as a way of putting an end to the controversy between the Parties and the arbitration procedure related to the Post-Closing Adjustment (note 21.c.3.3.1) and the amounts of net gains on the sale of assets (property, scrap, etc.) and tax expenses on other operating income.</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)On December 31, 2023, includes R$260,198, referring to the net gain from negotiations with TowerCo (Note 20). Includes amounts of net gains on disposal of assets (real estate, scrap, etc.) and expenses with taxes on other income.</div>

CY2023

viv

Expenses And Fines Recovered

ExpensesAndFinesRecovered

-1097797000

brl

CY2022

viv

Expenses And Fines Recovered

ExpensesAndFinesRecovered

-960851000

brl

CY2021

viv

Expenses And Fines Recovered

ExpensesAndFinesRecovered

-2534835000

brl

CY2023

viv

Provisions For Labor Tax And Civil Contingencies

ProvisionsForLaborTaxAndCivilContingencies

-661743000

brl

CY2022

viv

Provisions For Labor Tax And Civil Contingencies

ProvisionsForLaborTaxAndCivilContingencies

-653686000

brl

CY2021

viv

Provisions For Labor Tax And Civil Contingencies

ProvisionsForLaborTaxAndCivilContingencies

-1066022000

brl

CY2022

viv

Other Operating Income Expense Excluding Provisions Recoveries And Gain Loss On Disposals

OtherOperatingIncomeExpenseExcludingProvisionsRecoveriesAndGainLossOnDisposals

281732000

brl

CY2023

viv

Profit Loss From Continuing Operations Including Goodwill Write Down

ProfitLossFromContinuingOperationsIncludingGoodwillWriteDown

0

brl

CY2022

viv

Profit Loss From Continuing Operations Including Goodwill Write Down

ProfitLossFromContinuingOperationsIncludingGoodwillWriteDown

0

brl

CY2021

viv

Profit Loss From Continuing Operations Including Goodwill Write Down

ProfitLossFromContinuingOperationsIncludingGoodwillWriteDown

-416577000

brl

CY2023

viv

Other Operating Income Expense Excluding Provisions Recoveries And Gain Loss On Disposals

OtherOperatingIncomeExpenseExcludingProvisionsRecoveriesAndGainLossOnDisposals

204266000

brl

CY2021

viv

Other Operating Income Expense Excluding Provisions Recoveries And Gain Loss On Disposals

OtherOperatingIncomeExpenseExcludingProvisionsRecoveriesAndGainLossOnDisposals

42235000

brl

CY2023

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-640320000

brl

CY2022

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-588897000

brl

CY2021

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-1927625000

brl

CY2023

viv

Other Operating Income

OtherOperatingIncome

-1302059000

brl

CY2022

viv

Other Operating Income

OtherOperatingIncome

-1242583000

brl

CY2021

viv

Other Operating Income

OtherOperatingIncome

-2993647000

brl

CY2023

viv

Other Operating Expenses

OtherOperatingExpenses

-661739000

brl

CY2022

viv

Other Operating Expenses

OtherOperatingExpenses

-653686000

brl

CY2021

viv

Other Operating Expenses

OtherOperatingExpenses

-1066022000

brl

CY2023

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-640320000

brl

CY2022

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-588897000

brl

CY2021

ifrs-full

Other Operating Income Expense

OtherOperatingIncomeExpense

-1927625000

brl

CY2022

viv

Tax Credits Arising From Final Court Proceeding

TaxCreditsArisingFromFinalCourtProceeding

396723

brl

CY2021

viv

Tax Credits Arising From Final Court Proceeding

TaxCreditsArisingFromFinalCourtProceeding

1660295

brl

CY2023Q4

viv

Reversal Of Part Of The Remaining Arising From The Agreement In Relation To The Post Closing Adjustment

ReversalOfPartOfTheRemainingArisingFromTheAgreementInRelationToThePostClosingAdjustment

244229

brl

CY2023Q4

viv

Net Gain From Negotiations With Tower Co

NetGainFromNegotiationsWithTowerCo

260198

brl

CY2023

ifrs-full

Disclosure Of Finance Income Expense Explanatory

DisclosureOfFinanceIncomeExpenseExplanatory

FINANCIAL INCOME (EXPENSES)<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These include interest, monetary and exchange variations arising from short-term investments, derivative transactions, loans, financing, debentures, present value adjustments of transactions that generate monetary assets and liabilities and other financial transactions. These are recognized on an accrual basis when earned or incurred by the Company.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For all financial instruments measured at amortized cost and interest-yielding financial assets classified as financial assets at fair value through other comprehensive income, interest income or expense is recognized using the effective interest method, which discounts estimated future cash payments or receipts over the expected life of the financial instrument or, where appropriate, a shorter period, to the net carrying amount of the financial asset or liability.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Breakdown</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:65.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.392%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial Income</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Other income with foreign exchange and monetary variation (judicial deposits, taxes and others)(1)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">531,227 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,040,811 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">734,336 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Interest income </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">536,420 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">571,784 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">312,978 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Gain on derivative transactions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">512,698 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">390,146 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">149,089 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Interest receivable (customers, taxes and other)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">165,212 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">154,263 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">111,585 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Exchange rate variations on loans and financing, debentures, leases and other creditors (Note 21.e)(2)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52,254 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other financial income</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">244,357 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">59,194 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,545 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,042,168 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,216,198 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,310,533 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Financial Expenses</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">Charges and fair value on loans, financing, debentures, leases and other creditor (note 21.e)(2)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,092,184)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,850,286)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(924,215)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Expenses with monetary variations of provision for contingencies (note 20.c)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(784,427)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(893,963)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(887,446)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Loss on derivative transactions</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(622,787)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(495,668)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(161,779)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Interest payable (financial institutions, trade accounts payable, taxes and other)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(560,195)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(345,424)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(194,223)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Foreign exchange variation on loans and financing (Note 21.e)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(108,310)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other expenses with exchange and monetary variations (suppliers, taxes and others)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(162,544)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(86,276)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(76,276)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other financial expenses</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(163,940)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(202,591)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(193,174)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,386,077)</td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,982,518)</td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,437,113)</td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Financial income (expenses), net</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,343,909)</td><td style="background-color:#f2f2f2;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,766,320)</td><td style="background-color:#f2f2f2;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,126,580)</td><td style="background-color:#f2f2f2;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:36pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)For the years ended December 31, 2023, 2022 and 2021, includes tax credits, in the amounts of R$245,491, R$816,038 and R$609,096, respectively, arising from decisions on lawsuits, in favor of the Company, which recognized PIS tax credits and COFINS (note 9).</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Includes the consolidated amounts of R$1,392,570 e R$1,292,376 and R$828,710 in the years ended December 31, 2023, 2022 and 2021, respectively, related to leases charges (Note 21.e).</div>

CY2023

ifrs-full

Foreign Exchange Gain

ForeignExchangeGain

531227000

brl

CY2022

ifrs-full

Foreign Exchange Gain

ForeignExchangeGain

1040811000

brl

CY2021

ifrs-full

Foreign Exchange Gain

ForeignExchangeGain

734336000

brl

CY2023

ifrs-full

Investment Income

InvestmentIncome

536420000

brl

CY2022

ifrs-full

Investment Income

InvestmentIncome

571784000

brl

CY2021

ifrs-full

Investment Income

InvestmentIncome

312978000

brl

CY2023

ifrs-full

Gains On Change In Fair Value Of Derivatives

GainsOnChangeInFairValueOfDerivatives

512698000

brl

CY2022

ifrs-full

Gains On Change In Fair Value Of Derivatives

GainsOnChangeInFairValueOfDerivatives

390146000

brl

CY2021

ifrs-full

Gains On Change In Fair Value Of Derivatives

GainsOnChangeInFairValueOfDerivatives

149089000

brl

CY2023

ifrs-full

Revenue From Interest

RevenueFromInterest

165212000

brl

CY2022

ifrs-full

Revenue From Interest

RevenueFromInterest

154263000

brl

CY2021

ifrs-full

Revenue From Interest

RevenueFromInterest

111585000

brl

CY2023

ifrs-full

Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss

GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss

52254000

brl

CY2022

ifrs-full

Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss

GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss

0

brl

CY2021

ifrs-full

Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss

GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss

0

brl

CY2023

ifrs-full

Other Finance Income

OtherFinanceIncome

244357000

brl

CY2022

ifrs-full

Other Finance Income

OtherFinanceIncome

59194000

brl

CY2021

ifrs-full

Other Finance Income

OtherFinanceIncome

2545000

brl

CY2023

ifrs-full

Finance Income

FinanceIncome

2042168000

brl

CY2022

ifrs-full

Finance Income

FinanceIncome

2216198000

brl

CY2021

ifrs-full

Finance Income

FinanceIncome

1310533000

brl

CY2023

ifrs-full

Interest Revenue Expense

InterestRevenueExpense

-2092184000

brl

CY2022

ifrs-full

Interest Revenue Expense

InterestRevenueExpense

-1850286000

brl

CY2021

ifrs-full

Interest Revenue Expense

InterestRevenueExpense

-924215000

brl

CY2023

viv

Expenses With Monetary Variations Of Provisions For Contingencies

ExpensesWithMonetaryVariationsOfProvisionsForContingencies

784427000

brl

CY2022

viv

Expenses With Monetary Variations Of Provisions For Contingencies

ExpensesWithMonetaryVariationsOfProvisionsForContingencies

893963000

brl

CY2021

viv

Expenses With Monetary Variations Of Provisions For Contingencies

ExpensesWithMonetaryVariationsOfProvisionsForContingencies

887446000

brl

CY2023

ifrs-full

Losses On Change In Fair Value Of Derivatives

LossesOnChangeInFairValueOfDerivatives

622787000

brl

CY2022

ifrs-full

Losses On Change In Fair Value Of Derivatives

LossesOnChangeInFairValueOfDerivatives

495668000

brl

CY2021

ifrs-full

Losses On Change In Fair Value Of Derivatives

LossesOnChangeInFairValueOfDerivatives

161779000

brl

CY2023

viv

Interest Expenses On Payable

InterestExpensesOnPayable

560195000

brl

CY2022

viv

Interest Expenses On Payable

InterestExpensesOnPayable

345424000

brl

CY2021

viv

Interest Expenses On Payable

InterestExpensesOnPayable

194223000

brl

CY2023

viv

Expenses On Foreign Exchange Variations On Loans And Financing

ExpensesOnForeignExchangeVariationsOnLoansAndFinancing

0

brl

CY2022

viv

Expenses On Foreign Exchange Variations On Loans And Financing

ExpensesOnForeignExchangeVariationsOnLoansAndFinancing

108310000

brl

CY2021

viv

Expenses On Foreign Exchange Variations On Loans And Financing

ExpensesOnForeignExchangeVariationsOnLoansAndFinancing

0

brl

CY2023

viv

Other Expenses On Foreign Exchange And Monetary Variation

OtherExpensesOnForeignExchangeAndMonetaryVariation

162544000

brl

CY2022

viv

Other Expenses On Foreign Exchange And Monetary Variation

OtherExpensesOnForeignExchangeAndMonetaryVariation

86276000

brl

CY2021

viv

Other Expenses On Foreign Exchange And Monetary Variation

OtherExpensesOnForeignExchangeAndMonetaryVariation

76276000

brl

CY2023

ifrs-full

Other Finance Cost

OtherFinanceCost

163940000

brl

CY2022

ifrs-full

Other Finance Cost

OtherFinanceCost

202591000

brl

CY2021

ifrs-full

Other Finance Cost

OtherFinanceCost

193174000

brl

CY2023

ifrs-full

Finance Costs

FinanceCosts

4386077000

brl

CY2022

ifrs-full

Finance Costs

FinanceCosts

3982518000

brl

CY2021

ifrs-full

Finance Costs

FinanceCosts

2437113000

brl

CY2023

ifrs-full

Finance Income Cost

FinanceIncomeCost

-2343909000

brl

CY2022

ifrs-full

Finance Income Cost

FinanceIncomeCost

-1766320000

brl

CY2021

ifrs-full

Finance Income Cost

FinanceIncomeCost

-1126580000

brl

CY2023

viv

Tax Credits For Pis And Cofins

TaxCreditsForPisAndCofins

245491000

brl

CY2022

viv

Tax Credits For Pis And Cofins

TaxCreditsForPisAndCofins

816038000

brl

CY2021

viv

Tax Credits For Pis And Cofins

TaxCreditsForPisAndCofins

609096000

brl

CY2023

viv

Lease Charges

LeaseCharges

1392570000

brl

CY2022

viv

Lease Charges

LeaseCharges

1292376000

brl

CY2021

viv

Lease Charges

LeaseCharges

828710000

brl

CY2023

ifrs-full

Disclosure Of Related Party Explanatory

DisclosureOfRelatedPartyExplanatory

BALANCES AND TRANSACTIONS WITH RELATED PARTIES<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Balances and transactions with related parties</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The main balances of assets and liabilities with related parties arise from transactions with companies related to the controlling group, which were carried out at prices and other commercial conditions as agreed in a contract between the parties and refer to:</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">a)Fixed and mobile telephony services provided by Telefónica Group companies.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">b)Consulting service for the construction of a fiber optic network.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">c)Installments receivable on the sale of equity interest and capital contributions, as well as the update of these values. </div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">d)Corporate services passed through at the cost effectively incurred.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">e)Right to use certain software licenses and maintenance and support contracted.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">f)International transmission infrastructure for several data circuits and roaming services contracted.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">g)Adquira Sourcing platform – online solution to for purchase and sale of various goods and services.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">h)Cost Sharing Agreement for digital business.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">i)Financial Clearing House roaming, inflows of funds for payments and receipts from roaming operation.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">j)Data communication services and integrated solutions.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">k)Long distance calling and international roaming services. </div><div style="padding-left:35.43pt;text-indent:-14.2pt">l)Amounts reimbursed by SP Telecomunicações Participações (company wound up on October 31, 2022, former parent company of the Company) as a result of a contractual clause for the purchase of equity interest in Terra Networks. The statement of income presents a loss for the period from January to October 2022.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">m)Brand fee for assignment of rights to use the brand.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">n)Rental of buildings, data circuit and/or infrastructure.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">o)Factoring transactions, credit facilities for services provided by the Group's suppliers.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">p)Contracts or agreements assigning user rights for cable ducts, optical fiber duct rental services, and right-of-way related occupancy agreements with several highway concessionaires. </div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">q)Disposal of assets</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries sponsor pension plans and other post-employment benefits for its employees with Visão Prev and Sistel (<a href="#i56d0c5632e91422790ffd650ccd24ab8_343" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">Note</a> 31).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Telefônica Corretora de Seguros (“TCS“) acts as an intermediary in transactions between insurance companies and the Company and its subsidiaries in the acquisition of insurance for cell phones, operational risks, general liability, guarantee insurance, among others. There are no balances arising from insurance intermediation between TCS and the Company and its subsidiaries.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The following table summarizes the consolidated balances with related parties:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:34.532%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.530%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance Sheet – Assets</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Companies</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type of transaction</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cash and cash equivalents</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Accounts receivable</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Other assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Cash and cash equivalents</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Accounts receivable</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Other assets</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Parent Companies</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Latinoamerica Holding</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">d)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,959 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,287 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">d)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,791 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,211 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,078 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other Group companies</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Global Solutions Participações</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">a) / d) / f) / j) / n) </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,128 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">136 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,295 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">124 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Venezolana</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">d) / k)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,270 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,238 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,869 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,196 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Factoring do Brasil </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">d) / o)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,560 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,799 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">74 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Global Solutions</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">f) / j) / k)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,746 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,006 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Moviles España</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">k)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,724 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Moviles Argentina </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">j) / k)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,886 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,273 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telfisa Global BV</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">i)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,474 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,576 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telxius Cable Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">a) / d) / f) / q) </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17,545 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">240 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,179 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,388 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Ciberseguranca e Tecnologia do Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">a) / d) / e) / j) / n) </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">496 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,164 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,572 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,809 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Infra</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">c)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">156,775 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">305,414 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil Infraestrutura e Fibra Ótica</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">a) / b) / n) / p)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,691 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,188 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,232 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">35,297 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica IoT & Big Data Tech</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">c) / d)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,012 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,065 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,601 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,242 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,720 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,784 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,474 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,924 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">241,035 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,576 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67,669 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">408,151 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,474 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,924 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">268,246 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,576 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67,669 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">434,229 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Current assets</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cash and cash equivalents (Note 3)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,474 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,576 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trade accounts receivable (Note 5)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,924 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67,669 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other assets (Note 11)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">259,426 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">253,144 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current assets</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other assets (Note 11)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,820 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">181,085 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:40.135%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.963%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.106%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.106%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.106%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.114%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance Sheet – Liabilities </td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Companies</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type of transaction</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Trade accounts payable</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Other liabilities and leases</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Trade accounts payable</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Other liabilities and leases</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Parent Companies</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Latinoamerica Holding</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">d)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">997 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,765 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">d) / m)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100,886 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">110 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,155 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">101,224 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100,886 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,107 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,920 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">101,224 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other Group companies</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Global Solutions Participações</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">d) / e) / f) / h) / k)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">31,475 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">318 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,639 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">318 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Compras Electrónica</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">g)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,924 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,525 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Investigación Y Desarrollo, S.A. (Tidsa - Fusão: Telefónica Digital España S.L.)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">h)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76,682 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">78,128 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Factoring do Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">o)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,315 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,109 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Global Technology</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">e)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,765 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,579 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Global Solutions</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">e) / f) / j) / k)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45,468 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,076 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telxius Cable Brasil </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">d) / f)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">37,211 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,572 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,423 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,113 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Companhia AIX Participações </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">p)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,779 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">31,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,636 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">55,960 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica IoT & Big Data Tech</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">h)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,041 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,971 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Ciberseguranca e Tecnologia Do Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">d) / e) / j)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">66,478 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">164 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,163 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil Infraestrutura e Fibra Ótica</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">b) / d)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,922 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">487 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">24,280 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,466 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,890 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,023 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,959 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">494 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">408,950 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">35,698 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">363,379 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">79,460 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">509,836 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,805 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">375,299 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">180,684 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:13pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Trade accounts payable and other payables (Note 17)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">509,836 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">375,299 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Leases (Note 21)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">31,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,435 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Other liabilities (Note 23)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,103 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">118,303 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-current liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Leases (Note 21)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29,525 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Other liabilities (Note 23)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">568 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,421 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:25.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.668%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="51" style="border-bottom:1pt solid #929292;padding:2px 1pt;text-align:center;vertical-align:bottom">Income statement</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="border-top:1pt solid #929292;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="3" style="border-top:1pt solid #929292;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #929292;padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Companies</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Type of transaction</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Operating revenues</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Operating revenues (cost and other expenses)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Financial income (expenses)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Operating revenues</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Operating revenues (cost and other expenses)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Financial income (expenses)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Operating revenues</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Operating revenues (cost and other expenses)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Financial income (expenses)</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Parent Companies</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 19pt 0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">SP Telecomunicações Participações</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">d) / l)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,839 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,630 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">574 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Latinoamerica Holding</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">d)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,534 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(775)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,280 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(428)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,925 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(341)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">d) / m)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(486,147)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,572 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(449,933)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,113 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(375,994)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,461)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(481,613)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,797 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(422,814)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,315 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(369,495)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,802)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other Group companies</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Global Solutions Participações</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">a) / d) / e) / f) / k) / j) / n)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,242 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(95,885)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,928 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(110,417)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,510 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(108,094)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Moviles Argentina <div></div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">k)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,304 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,194)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">132 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,148 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,848)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(225)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38,911)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Investigación Y Desarrollo, S.A. (Tidsa - Fusão: Telefónica Digital España S.L.)<div></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">h)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(209,100)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,724 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(177,107)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,390 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(155,508)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,351)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Factoring do Brasil </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">d) / o)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,966 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,455 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,109)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,882 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">254 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,267)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Global Technology</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">e) </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(64,435)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,555 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(74,512)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(88,397)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(135)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Global Solutions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">a) / e) / f) / j) / k)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,095 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(78,611)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,547)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">50,969 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(67,157)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,055 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52,732 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(72,781)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">531 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Global Solutions Usa</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">j)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,190)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">489 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(17,407)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">766 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">343 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(21,613)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,587)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telxius Cable Brasil </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">a) / d) / f) / q)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,257 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(215,062)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,579 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,542 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(236,318)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,688 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">43,338 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(235,371)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,381)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefonica Ciberseguranca E Tecnologia do Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">d) / e) / j) / n)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">817 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(200,290)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,713 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(152,374)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">974 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(120,364)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Companhia AIX Participações </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">p)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">70 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,474)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,963)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,856)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica Uk Ltd (Antes O2 (Uk) Ltd)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">k)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,948 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,931)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">612 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,611)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16,891 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,650)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefónica IoT & Big Data Tech</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">c) / d) / h) </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(114,302)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,307 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(101,757)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,482 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(76,218)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">827 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Infra</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">c) </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,418 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,153 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,737 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">FiBrasil Infraestrutura e Fibra Ótica</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">a) / b) / c) / d) / n) / p)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,658 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(215,377)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,238 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,639 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(49,704)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">973 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,018 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(32,117)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">973 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Others</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,001 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(75,401)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,680)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,480 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(55,894)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,520 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,563 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(81,191)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,138 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">82,415 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,295,812)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,735 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">97,066 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,048,650)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">24,747 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">174,251 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,031,961)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,371)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">82,415 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,777,425)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">37,532 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">97,066 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,471,464)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,062 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">174,263 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,401,456)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13,173)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Management compensation</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Consolidated key management compensation paid by the Company to its Board of Directors and Statutory Officers for the years ended December 31, 2023, and 2022 totaled R$58,266 and R$35,241, respectively. Of this amount, R$31,473 (R$21,141 on December 31, 2022) corresponds to salaries, benefits and social charges and R$26,793 (R$14,100 on December 31, 2022) to variable compensation, which includes share-based payment plans.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">These were recorded as personnel expenses in General and administrative expenses.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For the years ended December 31, 2023, 2022 and 2021, the Directors and Officers received no pension, retirement or similar benefits.</div>

CY2023Q4

viv

Trade Receivables Due From Related Parties

TradeReceivablesDueFromRelatedParties

68924000

brl

CY2023Q4

viv

Other Receivables Due From Related Parties

OtherReceivablesDueFromRelatedParties

268246000

brl

CY2022Q4

viv

Trade Receivables Due From Related Parties

TradeReceivablesDueFromRelatedParties

67669000

brl

CY2022Q4

viv

Other Receivables Due From Related Parties

OtherReceivablesDueFromRelatedParties

434229000

brl

CY2023Q4

viv

Cash And Cash Equivalents Current Related Party Transactions

CashAndCashEquivalentsCurrentRelatedPartyTransactions

19474000

brl

CY2022Q4

viv

Cash And Cash Equivalents Current Related Party Transactions

CashAndCashEquivalentsCurrentRelatedPartyTransactions

10576000

brl

CY2023Q4

viv

Trade Receivables Due From Related Parties Current

TradeReceivablesDueFromRelatedPartiesCurrent

68924000

brl

CY2022Q4

viv

Trade Receivables Due From Related Parties Current

TradeReceivablesDueFromRelatedPartiesCurrent

67669000

brl

CY2023Q4

viv

Other Current Receivables Due From Related Parties

OtherCurrentReceivablesDueFromRelatedParties

259426000

brl

CY2022Q4

viv

Other Current Receivables Due From Related Parties

OtherCurrentReceivablesDueFromRelatedParties

253144000

brl

CY2023Q4

viv

Other Noncurrent Receivables Due From Related Parties

OtherNoncurrentReceivablesDueFromRelatedParties

8820000

brl

CY2022Q4

viv

Other Noncurrent Receivables Due From Related Parties

OtherNoncurrentReceivablesDueFromRelatedParties

181085000

brl

CY2023Q4

viv

Trade Payables To Related Parties

TradePayablesToRelatedParties

509836000

brl

CY2023Q4

viv

Other Liabilities And Lease Payables To Related Parties

OtherLiabilitiesAndLeasePayablesToRelatedParties

36805000

brl

CY2022Q4

viv

Trade Payables To Related Parties

TradePayablesToRelatedParties

375299000

brl

CY2022Q4

viv

Other Liabilities And Lease Payables To Related Parties

OtherLiabilitiesAndLeasePayablesToRelatedParties

180684000

brl

CY2023Q4

viv

Trade Payables And Other Payables To Related Parties Current

TradePayablesAndOtherPayablesToRelatedPartiesCurrent

509836000

brl

CY2022Q4

viv

Trade Payables And Other Payables To Related Parties Current

TradePayablesAndOtherPayablesToRelatedPartiesCurrent

375299000

brl

CY2023Q4

viv

Lease Liabilities Related Parties Current

LeaseLiabilitiesRelatedPartiesCurrent

31134000

brl

CY2022Q4

viv

Lease Liabilities Related Parties Current

LeaseLiabilitiesRelatedPartiesCurrent

26435000

brl

CY2023Q4

viv

Other Current Payables To Related Parties

OtherCurrentPayablesToRelatedParties

5103000

brl

CY2022Q4

viv

Other Current Payables To Related Parties

OtherCurrentPayablesToRelatedParties

118303000

brl

CY2022Q4

viv

Lease Liabilities Related Parties Noncurrent

LeaseLiabilitiesRelatedPartiesNoncurrent

29525000

brl

CY2023Q4

viv

Other Noncurrent Payables To Related Parties

OtherNoncurrentPayablesToRelatedParties

568000

brl

CY2022Q4

viv

Other Noncurrent Payables To Related Parties

OtherNoncurrentPayablesToRelatedParties

6421000

brl

CY2023

viv

Operating Revenues Related Party Transactions

OperatingRevenuesRelatedPartyTransactions

82415000

brl

CY2023

viv

Other Operating Revenues Expenses Related Party Transactions

OtherOperatingRevenuesExpensesRelatedPartyTransactions

-1777425000

brl

CY2023

viv

Net Income Loss Related Party Transactions

NetIncomeLossRelatedPartyTransactions

37532000

brl

CY2022

viv

Operating Revenues Related Party Transactions

OperatingRevenuesRelatedPartyTransactions

97066000

brl

CY2022

viv

Other Operating Revenues Expenses Related Party Transactions

OtherOperatingRevenuesExpensesRelatedPartyTransactions

-1471464000

brl

CY2022

viv

Net Income Loss Related Party Transactions

NetIncomeLossRelatedPartyTransactions

39062000

brl

CY2021

viv

Operating Revenues Related Party Transactions

OperatingRevenuesRelatedPartyTransactions

174263000

brl

CY2021

viv

Other Operating Revenues Expenses Related Party Transactions

OtherOperatingRevenuesExpensesRelatedPartyTransactions

-1401456000

brl

CY2021

viv

Net Income Loss Related Party Transactions

NetIncomeLossRelatedPartyTransactions

-13173000

brl

CY2023

ifrs-full

Key Management Personnel Compensation

KeyManagementPersonnelCompensation

58266

brl

CY2022

ifrs-full

Key Management Personnel Compensation

KeyManagementPersonnelCompensation

35241

brl

CY2023

viv

Key Management Personnel Compensation Salaries Benefits And Social Charges

KeyManagementPersonnelCompensationSalariesBenefitsAndSocialCharges

31473

brl

CY2022

viv

Key Management Personnel Compensation Salaries Benefits And Social Charges

KeyManagementPersonnelCompensationSalariesBenefitsAndSocialCharges

21141

brl

CY2023

viv

Key Management Personnel Compensation Variable Compensation

KeyManagementPersonnelCompensationVariableCompensation

26793

brl

CY2022

viv

Key Management Personnel Compensation Variable Compensation

KeyManagementPersonnelCompensationVariableCompensation

14100

brl

CY2023

ifrs-full

Disclosure Of Sharebased Payment Arrangements Explanatory

DisclosureOfSharebasedPaymentArrangementsExplanatory

SHARE-BASED PAYMENT PLANS<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's parent company, Telefónica, maintains different compensation plans based on the quoted value of its shares (Talent for the Future Share Plan (“TFSP“) and Performance Share Plan (“PSP“), which were also offered to directors and employees of its subsidiaries, including the Company and its subsidiaries.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company approved an incentive plan (Performance Share Plan (“PSP VIVO”) via performance units, with cash settlement (“Plan”). Participants in the Plan will be entitled to the grant of a certain number of units representing 01 (one) share issued by the Company (VIVT3) (“Unit” and “Share”). Each Unit represents the expectation of the right to receive the full value of 01 (one) Share, which will serve as a basis, taking into account the number of Units received, to determine the value of the incentive to be paid by the Company in cash to participants.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Delivery of shares and/or incentives is subject to: (i) maintaining an active employment relationship with the Telefónica Group on the consolidation date of the cycle; and (ii) the achievement of results that represent the fulfillment of the objectives established for the plan.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The level of success is based on comparing the evolution of shareholder remuneration, considering price and dividends (Total Shareholder Return - TSR) of the share of Telefónica or the Company, in relation to the evolution of the TSRs of the companies in the pre-defined Comparison Group, the achievement of the FCF (Free Cash Flow) of the Telefónica Group or the Company and the neutralization and reduction of CO2 emissions (as of the 2021 Cycle).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the quoted value of Telefónica's shares was 3.5340 euros.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The main plans in effect as of December 31, 2023 were:</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">•Talent for the Future Share Plan (“TFSP“), for your Senior Managers, Managers and Specialists at a global level:</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2021-2023 (January 1, 2021 to December 31, 2023): with 162 active executives, with the potential right to receive 277,500 Telefónica shares.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2022-2024 (January 1, 2022 to December 31, 2024): with 123 active executives, with the potential right to receive 277,500 Telefónica shares.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2023-2025 (January 1, 2023 to December 31, 2025): with 165 active executives, with the potential right to receive 332,500 Telefónica shares.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">•Performance Share Plan (“PSP“), for its Vice Presidents and Directors globally:</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2021-2023 (January 1, 2021 to December 31, 2023): with 77 active executives (including 3 executives appointed pursuant to the Bylaws) of the Company, having the potential right to receive 1,540,867 Telefónica shares.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2022-2024 (January 1, 2022 to December 31, 2024): with 96 active executives (including 3 executives appointed pursuant to the Bylaws) of the Company, having the potential right to receive 812,791 Telefónica shares.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2023-2025 (January 1, 2023 to December 31, 2025): with 116 active executives (including 5 executives appointed pursuant to the Bylaws) of the Company, having the potential right to receive 1,049,515 Telefónica shares.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">•Performance Share Plan (“PSP VIVO“), for its Vice Presidents and Directors at the local level:</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2022-2024: (January 1, 2022 to December 31, 2024): with 94 active executives (including 3 executives appointed pursuant to the Bylaws) of the Company, with the potential right to receive the amount referring to 404,532 shares of the Company.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Cycle 2023-2025: (January 1, 2023 to December 31, 2025): with 112 active executives (including 5 executives appointed pursuant to the Bylaws) of the Company, with the potential right to receive the amount referring to 477,488 shares of the Company.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify;text-indent:-14.2pt">•Telefónica Global Incentive Share Purchase Plan: Plan 100</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">Employees enrolled in the plan can acquire Telefónica shares through monthly contributions of 25 euros to 150 euros (or the equivalent in local currency), deducted from payroll, monthly with a maximum amount of 1,800 euros over a twelve-month period (purchase period).</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">The six months following the purchase period are the retention period for the purchased shares. At the end of this period, additional shares will be delivered, that is, for each share purchased by the employee, one free share will be granted.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">The cycle of this plan is effective from September 1, 2022 to March 31, 2024.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">The delivery of shares will occur after the vesting period of the plan, after March 31, 2024, and is conditioned to: (i) remaining in the company during the two-year duration of the program (vesting period), subject to certain special conditions in relation to layoffs; and (ii) the exact number of shares to be delivered at the end of the vesting period depends on the number of shares acquired and held by employees. Thus, employees enrolled in the plan, who remain in the Telefónica Group, who have held the shares acquired for an additional period of six months after the end of the purchase period, will be entitled to receive one free share for each share they have acquired. and retained until the end of the vesting period.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">To commemorate the 100th anniversary of Telefónica's incorporation (April 19, 2024), in addition to the Additional Shares, each of the participants may receive 100 Telefónica Commemoration Shares (“the Commemoration Shares“) free of charge.</div><div style="margin-bottom:10pt;padding-left:35.43pt;text-align:justify">The delivery of Commemorative Shares will occur following the vesting period of the plan, after March 31, 2024, and is conditioned to: (i) that the employee enrolled in the plan makes contributions, regardless of the amount of such contribution, during the twelve (12) month duration of the Purchase Period without interruption; (ii) to keep the Purchased Shares deposited in the Securities Account until the Consolidation Date; and (iii) that the employee enrolled in the plan continues to provide services to the Group until the Consolidation Date (first day after the end of the maintenance period being March 31, 2024).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The expenses of the Company and its subsidiaries with the share-based compensation plans described above, when applicable, are recorded as personnel expenses, segregated in the Cost of Services Rendered, Selling Expenses and General and Administrative Expenses groups (note 26), in the amounts of R$57,359 and R$38,528. For the years ended December 31, 2023 and 2022, respectively.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023 and 2022, the consolidated liability balances of the share compensation plans were R$154,689 and R$77,175, respectively, including taxes.</div>

CY2023

viv

Number Of Potential Shares To Be Received In Share Based Payment Arrangement

NumberOfPotentialSharesToBeReceivedInShareBasedPaymentArrangement

1540867

shares

CY2023

viv

Number Of Commemoration Shares That Each Plan Participant May Receive

NumberOfCommemorationSharesThatEachPlanParticipantMayReceive

100

shares

CY2023

ifrs-full

Expense From Sharebased Payment Transactions With Employees

ExpenseFromSharebasedPaymentTransactionsWithEmployees

57359

brl

CY2022

ifrs-full

Expense From Sharebased Payment Transactions With Employees

ExpenseFromSharebasedPaymentTransactionsWithEmployees

38528

brl

CY2023Q4

viv

Consolidated Liability Balances Of The Share Compensation Plans

ConsolidatedLiabilityBalancesOfTheShareCompensationPlans

154689000

brl

CY2022Q4

viv

Consolidated Liability Balances Of The Share Compensation Plans

ConsolidatedLiabilityBalancesOfTheShareCompensationPlans

77175000

brl

CY2023

ifrs-full

Disclosure Of Employee Benefits Explanatory

DisclosureOfEmployeeBenefitsExplanatory

PENSION PLANS AND OTHER POST-EMPLOYMENT BENEFITS<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries individually sponsor pension funds of post-retirement benefits for active and retired employees, in addition to a multisponsor supplementary retirement plan and health care plan for former employees. Contributions are determined on an actuarial basis and recorded on an accrual basis. Liabilities relating to defined benefit plans are determined based on actuarial evaluations at each year-end, in order to ensure that sufficient reserves have been set up for both current and future commitments.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Actuarial liabilities related to defined benefit plans were calculated using the projected unit credit method. Actuarial gains and losses are recognized immediately in equity (in other comprehensive income).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For plans with defined contribution characteristics, the obligation is limited to the contributions payable, which are recognized in the P&L in the respective accrual periods.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The asset or liability related to defined benefit plan to be recognized in the financial statements corresponds to the present value of the obligation for the defined benefit (using a discount rate based on long-term National Treasury Notes – “NTNs”), less the fair value of plan assets that will be used to settle the obligations. Plan assets are assets held by a privately held supplementary pension plan entity. Plan assets are not available to the Company’s creditors or those of its subsidiaries and cannot be paid directly to the Company or its subsidiaries. The fair value is based on information on market prices and, in the case of securities quoted, on the purchase price disclosed. The value of any defined benefit asset then recognized is limited to the present value of any economic benefits available as a reduction in future plan contribution from the Company.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Actuarial costs recognized in the statement of income are limited to the service cost and cost of interest on the defined benefit plan obligation. Any changes in the measurement of plan assets and obligations are initially recognized in other comprehensive income, and immediately reclassified to retained earnings in P&L.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries manage and individually sponsors a health care plan for retired employees and former employees with fixed contributions to the plan, in accordance with Law No. 9656/1998 (which provides for private health care and health insurance plans). As provided for in Articles 30 and 31 of said law, participants shall have the right to the health care plan in which they participated while they were active employees.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The cost of pension plans with defined benefits and other post-employment health care benefits and the present value of the pension obligation are determined using actuarial valuation methods. Actuarial valuation involves use of assumptions about discount rates, future salary increases, mortality rates and future increases in pension and annuity benefits. The obligation for defined benefits is highly sensitive to changes in these assumptions. All assumptions are reviewed on an annual basis.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The mortality rate is based on publicly available mortality tables in the country. Future salary increases, and pension increases are based on expected future inflation rates for the country.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Information on pension plans and other post-employment benefits</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The plans sponsored by the Company and its subsidiaries and the related benefit types are as follows:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:23.612%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.141%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.725%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Plan</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Type</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Entity</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Sponsor</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">PBS-A</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined benefit (DB)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Sistel</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil, jointly with other telecoms resulting from privatization of the Sistema Telebrás</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">PAMA / PCE</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined benefit (DB)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Sistel</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil, jointly with other telecoms resulting from privatization of the Sistema Telebrás</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Healthcare – Law No. 9656/98</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined benefit (DB)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil, Terra Networks, TGLog, TIS, IoTCo Brasil and CloudCo Brasil</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">CTB</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined benefit (DB)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica BD</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined benefit (DB)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VisãoPrev</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VISÃO </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined contribution (DC) / Hybrid</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">VisãoPrev</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Telefônica Brasil, Terra Networks, TGLog, TIS, IoTCo Brasil and CloudCo Brasil</td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company has participation in the decisions that directly affect the governance of the plans, with members nominated for both the Deliberative Council and the Fiscal Council of the administrators Visão Prev Sociedade de Previdência Complementar (“Visão Prev”) and Fundação Sistel de Seguridade Social (“Sistel”).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The defined benefit obligation is made up of different components, according to the pension characteristic of each plan, and may include the actuarial liabilities of supplementary pension liabilities, health care benefits to retirees and dependents or compensation for death or disability of members. This liability is exposed to economic and demographic risks, such as: (i) increases in medical costs that could impact the cost of health care plans; (ii) salary growth; (iii) long-term inflation rate; (iv) nominal discount rate; and (v) life expectancy of members and pensioners.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The fair value of plan assets is primarily comprised of fixed income investments (NTN's, LFT’s, LTN's, repurchase agreements, CDBs, debentures, letters of guarantee and FIDC shares) and equity investments (highly liquid, well regarded, large company shares and investments in market indices). </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Due to the concentration of fixed income and floating rate investments plan assets are mainly exposed to the risks inherent in the financial market and economic environment such as: (i) market risk in the economic sectors where variable income investments are concentrated; (ii) risk events that impact the economic environment and market indices where variable income investments are concentrated; and (iii) the long-term inflation rate that may erode the profitability of fixed income investments at fixed rates.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The companies that administer post-employment benefits plans sponsored by the Company (Visão Prev and Sistel) seek to meet the flows of assets and liabilities through the acquisition of fixed income securities and other long-term assets.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">With the exception of the Companhia Telefônica Brasileira ("CTB") and the healthcare plan under Law No. 9656/98, generally all benefit plans that have funds constituted present a surplus position. The economic benefit recorded in the Company's assets or that of its subsidiaries does not reflect the total surplus determined in these plans, as it only considers only the portion of the surplus which presents a real possibility of recovery. The means of plan surplus recovery is solely through reductions in future contributions and given that not all plans currently receive enough contributions for full recovery of surpluses, the economic benefit recorded under assets is limited to the total possible recovery amount in accordance with projected future contributions.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The position of plan assets is on December 31, 2023 and 2022, respectively, and plan assets were apportioned based on the Company’s actuarial liabilities in relation to the total actuarial liabilities of the plan.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The actuarial gains and losses generated in each year are immediately recognized in equity (in other comprehensive income).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The following is a summary of the pension plans and other post-employment benefits:</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.1)Post-Employment Health Benefits Plans</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The actuarial valuation made for the PAMA health plan used the registration of the participants with a base date of July 31, 2023, while the actuarial valuation made for the health plan Law No. 9,656/98 used the registration of the participants with a base date of August 31, 2023, both plans projected for December 31, 2023. For comparative exercises, the actuarial valuation made for the PAMA health plan used the registration of the participants with a base date of July 31, 2022, while the actuarial valuation made for the health plan Law No. 9,656/98 used the registration of the participants with a base date of August 31, 2022, both plans projected for December 31, 2022.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.1.1)Healthcare Plan to Retirees and Special Coverage Program (PAMA and PAMA-PCE)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company, together with other companies of the former Telebrás System, at shared cost, sponsor health care plans (PAMA and PAMA-PCE) to retirees. These plans are managed by Fundação Sistel and are closed plans, not admitting new members.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Contributions to the plans are determined based on actuarial valuations prepared by independent actuaries, in accordance with the rules in force in Brazil. The funding procedure is the capitalization method and the sponsor’s contribution are at the fixed percentage of payroll of employees covered by the Telefônica BD plan.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.1.2)Health care plan – Law No. 9656/1998</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company manages and together with its subsidiaries sponsors a health care plan to retired employees and former employees with fixed contributions to the plan, in accordance with Law No. 9656/98.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">As provided for in Articles 30 and 31 of said law, participants shall have the right to the health care plan in which they participated while they were active employees. Benefitted participants are classified as (i) retirees and their dependents; and (ii) dismissed employees and their dependents.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Retirees and dismissed employees, in order to keep their right to the benefits, must make contributions to the plan in accordance with the contribution tables by age bracket established by carriers and/or insurance companies.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.2)Post-employment Social Security Plans</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The actuarial valuation carried out for the CTB and PBS-A pension plans used the registration of participants with a base date of July 31, 2023, projected for December 31, 2023, and the registration of participants with a base date of July 31, 2022, projected for December 31, 2022. The actuarial valuation carried out for the pension plans Telefônica BD and Plans Visão used the registration of participants with a base date of August 31, 2023, projected for December 31, 2023 and the registration of participants with a base date of August 31, 2022, projected for December 31, 2022.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.2.1)PBS Assisted Plan (PBS-A)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The PBS-A plan is a defined benefit private pension plan managed by Sistel and sponsored by the Company jointly with the other telecommunications companies originating in the privatization of the Telebrás System. The plan is subject to funding by sponsors in the case of any asset insufficiency to ensure pension supplementation of participants in the future.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The PBS-A plan comprises assisted participants of the Sistel Benefit Plan who were already retirees on January 31, 2000, from all the participating sponsors, with joint liability of all sponsors to the plan and Sistel.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Pursuant to PREVIC Ordinance No. 249, of March 14, 2023, published in the DOU on April 13, 2023, SISTEL approved the distribution of part of its surplus, in the form of a special PBS-A reserve, with reversal of values at sponsors and improvement of benefits, in the form of temporary income, to those assisted.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On April 25, 2023, SISTEL announced that the Company's participation in this distribution of part of its surplus was R$89,130, with payments expected in 36 monthly installments, the first of which of R$2,476 (amount already received by the Company in April 2023) and adjusted to reflect the plan's results (<a href="#i56d0c5632e91422790ffd650ccd24ab8_268" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">Note</a> 11).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Even considering the distribution of the reserve approved by PREVIC, PBS-A still has assets in excess of actuarial obligations as of December 31, 2023 and 2022. These surpluses were not recognized due to the lack of legal provision for their reimbursement and, as they are not a contributory plan, no deduction is possible in future contributions.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.2.2)CTB Plan</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Contributions to the CTB plan are determined based on actuarial valuations prepared by independent actuaries, in accordance with the rules in force in Brazil. The funding procedure is the capitalization method and the sponsor’s contribution are a fixed percentage of payroll of employees covered by the plan.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company also individually manages and sponsors the CTB plan, originally provided to former employees of CTB who were in the Company in 1977, with whom an individual retirement concession agreement was executed to encourage their resignation. This is an informal pension supplementation benefit paid to former employees directly by the Company. These plans are closed, and no other members are admitted.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.2.3)Telefônica DB Plan</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company individually sponsors the defined benefit retirement, Telefônica DB plan.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In order to improve allocation of Telefônica DB plan assets and analyze the coverage ratio of plan obligations in future years, a stochastic Application Lifecycle Management (“ALM”) study was prepared by Visão Prev and Willis Towers Watson. This ALM study aimed at projecting the ratio between coverage of liabilities (solvency ratio) and the risk of mismatching measured by the standard deviation of the solvency ratio. The study concluded that the plan presents sustainable projection of their coverage ratio with the current investments’ portfolio.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">At the time of the concession, a benefit is calculated which will be paid in a lifelong form and updated by inflation. This plan is not open to new accessions.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The contributions are defined according to the costing plan, which is calculated considering financial, demographic and economic hypotheses in order to accumulate enough resources to pay the benefits to the participants who are already receiving them, and to the new pensions.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.2.4)VISÃO Plans (Visão Telefônica and Visão Multi plans)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries sponsor defined contribution plans with defined benefit components (hybrid plans) and pension benefits, the Visão plans, managed by Visão Prev. The contribution is attributed to each subsidiary in the economic and demographic proportion of its respective obligation to the plan.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The contributions made by the Company and subsidiaries related to defined contribution plans totaled R$51,328 on December 31, 2023 (R$53,732 on December 31, 2022).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The contributions to the Visão Telefônica and Visão Multi plans are: (i) basic and additional contribution, with contributions made by the participant and sponsor; and (ii) additional, sporadic and specific contribution, with contributions made only by the participant.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In addition, the participant has the possibility to choose one of five investment profiles to apply to their balance, and they are: Super Conservative, Conservative, Moderate, Aggressive and Aggressive Fixed Income Long-Term.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.3)Consolidated information on pension plans and other post-employment benefits</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.1)Reconciliation of net liabilities (assets)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:43.727%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.529%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Present value of DB plan obligations</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,167,726 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,917,650 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,085,376 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,969,220 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,495,397 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,464,617 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Fair value of plan assets</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,233,947 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">920,586 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,154,533 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,273,309 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">909,271 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,182,580 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net liabilities (assets)</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,066,221)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">997,064 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(69,157)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,304,089)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">586,126 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(717,963)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Asset limitation</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,072,192 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,072,192 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,368,814 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">114,804 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,483,618 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current assets</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(30,673)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(30,673)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current assets</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(43,375)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(43,375)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,161)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,161)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Current liabilities</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,683 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,905 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">31,588 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,643 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">19,734 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,377 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Non-current liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,336 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">974,159 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,045,495 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">61,243 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">681,196 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">742,439 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.2)Total expenses recognized in the statement of income</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:16.141%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.533%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Current service cost</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,747 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,378 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,125 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,857 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,667 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,524 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,184 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,361 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,545 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net interest on net actuarial assets/liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,903 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,825 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">74,728 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,466)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,628 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">49,162 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,062)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">70,436 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,374 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,650 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">78,203 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85,853 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(609)</td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">65,295 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,686 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,878)</td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">91,797 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">86,919 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.3)Amounts recognized in other comprehensive income (loss)</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:16.141%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.533%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Actuarial losses (gains)</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,011 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">352,974 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">704,985 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(46,511)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,843 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39,668)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(70,083)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(399,872)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(469,955)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Asset limitation effect</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(431,071)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(126,032)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(557,103)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,240 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,149 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">117,389 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">56,024 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17,008 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">73,032 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total </td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(79,060)</td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">226,942 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">147,882 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(271)</td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,992 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,721 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,059)</td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(382,864)</td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(396,923)</td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.4)Changes in amount net of liability (asset) of defined benefit, net</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.396%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net defined benefit liability (asset) at the beginning of the year</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,725 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">700,930 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">765,655 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(26,359)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">581,025 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">554,666 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Expenses</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,650 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">78,203 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85,853 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(609)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">65,295 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,686 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Sponsor contributions</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,108)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,011)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,119)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,529)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,382)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(30,911)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Amounts recognized in OCI</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(79,060)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">226,942 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">147,882 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(271)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,721 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Distribution of reserves</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,764 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,764 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">99,493 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">99,493 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net defined benefit liability (asset) at the end of the year</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,971 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">997,064 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,003,035 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,725 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">700,930 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">765,655 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Actuarial assets per balance sheet</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(74,048)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(74,048)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,161)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,161)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Actuarial liabilities per balance sheet</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">80,019 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">997,064 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,077,083 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,886 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">700,930 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">769,816 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.5)Changes in defined benefit liability</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.396%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined benefit liability at the beginning of the year</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,969,220 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,495,397 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,464,617 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,066,175 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,401,044 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,467,219 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current service costs</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,747 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,378 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,125 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,857 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,667 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,524 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interest on actuarial liabilities</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">183,161 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">143,981 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">327,142 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">169,354 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">121,216 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">290,570 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Benefits paid </td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(192,759)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(69,670)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(262,429)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(188,382)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(70,975)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(259,357)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Member contributions paid</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">231 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">231 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">368 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">368 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Actuarial losses (gains) adjusted by experience</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">89,991 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">156,879 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">246,870 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,005 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">189,038 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">252,043 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Actuarial losses (gains) adjusted by financial assumptions</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">115,649 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">155,209 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">270,858 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(143,157)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(158,593)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(301,750)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Defined benefit liability at the end of the year</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">486 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,476 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,962 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Defined benefit liability at the end of the year</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,167,726 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,917,650 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,085,376 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,969,220 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,495,397 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,464,617 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.6)Changes in the fair value of plan assets</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.396%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Fair value of plan assets at the beginning of the year</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,273,309 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">909,271 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,182,580 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,310,273 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">860,165 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,170,438 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Benefits paid</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(184,151)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(60,705)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(244,856)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(182,298)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(47,636)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(229,934)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Participants contributions paid</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">231 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">231 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">368 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">368 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Sponsor contributions paid</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,500 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,546 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,445 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">43 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,488 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interest income on plan assets</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">311,706 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">86,385 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">398,091 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">276,655 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">73,096 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">349,751 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Return on plan assets excluding interest income</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(145,884)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,411)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(160,295)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(33,641)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,603 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,038)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Distribution of reserves</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(22,764)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(22,764)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(99,493)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(99,493)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Fair value of plan assets at the end of the year</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,233,947 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">920,586 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,154,533 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,273,309 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">909,271 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,182,580 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.7)Changes in asset limitation</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.396%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Asset Limitation at the beginning of the year</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,368,814 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">114,804 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,483,618 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,217,739 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">40,146 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,257,885 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Interest on the asset limitation</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">134,449 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,228 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">145,677 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104,835 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,509 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">108,344 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Changes in the assets limitation, except interest</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(431,071)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(126,032)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(557,103)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,240 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71,149 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">117,389 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Asset Limitation at the end of the year</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,072,192 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,072,192 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,368,814 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">114,804 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,483,618 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.8)Results projected for 2024</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:65.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.392%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Current service cost</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,037 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,806 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17,843 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net interest on net defined benefit liability/asset</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">91,769 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">91,840 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,108 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">107,575 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">109,683 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.9)Sponsoring company contributions projected for 2024</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:65.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.392%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Sponsor contributions</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,818 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">49 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,867 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Benefits paid directly by the sponsor</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,684 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,008 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">31,692 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10,502 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23,057 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">33,559 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.10)Average weighted duration of defined benefit liability</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:76.773%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.391%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">In 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8.0 years</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13.8 years</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">In 2022</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7.8 years</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13.5 years</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.11) Actuarial assumptions</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.527%"><tr><td style="width:1.0%"></td><td style="width:31.849%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.849%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.852%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">12.31.2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Discount rate to present value of defined benefit liability</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8.90% to 9.07%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">9.07% to 9.18%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Future salary growth rate</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4.57% to 6.60%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Medical expense growth rate</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">6.61%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Nominal annual adjustment rate of pension benefits</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3.50%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Medical service eligibility age</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">59 to 63 years</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Estimated retirement age</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">57 to 60 years</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">59 to 63 years</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Mortality table for nondisabled individuals</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">AT-2000 Basic segregated by gender, down-rated by 10% and 50%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">AT-2000 Basic segregated by gender, down-rated by 10%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Mortality table for disabled individuals</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">RP-2000 Disabled Male, down-rated by 60%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">RP-2000 Disabled Male, down-rated by 60%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Disability table</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Light-Forte, Álvaro Vindas (down-rated by 50%) and Light-Fraca, down rated by 50%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Light-Forte</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Turnover</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Turnover experience in VISÃO plans (2018 to 2022)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Turnover experience in VISÃO plans (2018 to 2022)</td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.527%"><tr><td style="width:1.0%"></td><td style="width:31.849%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.849%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.852%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;text-indent:-4.5pt;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Discount rate to present value of defined benefit liability</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">9.75% to 9.83%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">9.78% to 9.83%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Future salary growth rate</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">4.57% to 6.35%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Medical expense growth rate</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">6.61%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Nominal annual adjustment rate of pension benefits</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">3.50%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Medical service eligibility age</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">N/A</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">59 to 63 years</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Estimated retirement age</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">57 to 60 years</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">59 to 63 years</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Mortality table for nondisabled individuals</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">AT-2000 Basic segregated by gender, down-rated by 10% and 50%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">AT-2000 Basic segregated by gender, down-rated by 10%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Mortality table for disabled individuals</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">RP-2000 Disabled Male, down-rated by 60%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">RP-2000 Disabled Male, down-rated by 60%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Disability table</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Light-Forte, Álvaro Vindas (down-rated by 50%) and Light-Fraca, down rated by 50%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:right;vertical-align:middle">Light-Forte</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Turnover</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 7pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Turnover experience in VISÃO plans (2015 to 2017)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">Turnover experience in VISÃO plans (2015 to 2017)</td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In addition to the assumptions presented in the tables above, for 2023 and 2022 other assumptions common to all plans were adopted, as follows: (i) long-term inflation rate: 3.50% in 2023 and 3.50% in 2022; and (ii) annual increase in the use of medical services according to age: 4.00% in 2023 and 2022.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.12)Changes in actuarial assumptions in relation to the prior year</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In order to adjust some actuarial assumptions to the economic and demographic reality, a study was conducted for the plans administered by Visão Prev and Sistel, which adopted the definition of the assumptions in their Deliberative Councils.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The main economic and financial assumptions that have changed in relation to the previous fiscal year and that interfere with the defined benefit liability are: (i) rates for discount to present value of the defined benefit liability; (ii) long-term inflation rate; (iii) rate of future wage growth; (iv) rate of growth of medical costs; and (v) annual nominal index of adjustment of social security benefits.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The impacts on the plans’ defined benefit liabilities due to the new definition of the actuarial assumptions are as follows:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:65.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.392%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Defined benefit liability, based on current actuarial assumptions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,167,726 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,917,650 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">4,085,376 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Defined benefit liability, based on prior-year actuarial assumptions</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2,051,591 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1,735,965 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3,787,556 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Difference from change in actuarial assumptions</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">116,135 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">181,685 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">297,820 </td><td style="background-color:#eeefef;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.13)Sensitivity analysis for actuarial assumptions</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company believes that the significant actuarial assumptions with reasonable likelihood of variation due to financial and economic scenarios, which could significantly change the amount of the defined benefit obligation, are the discount rate used to adjust the defined benefit liability to present value and the rate of growth of medical costs.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present a sensitivity analysis on the defined benefit obligation for scenarios of increase and decrease in the discount rate used to adjust the defined benefit liability to present value and in the growth rate of medical costs.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:65.710%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.392%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Defined benefit liability, projected by the current medical cost growth rate</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,167,726 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,917,650 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,085,376 </td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Considering a rate increased by 1%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,167,726 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,188,487 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,356,213 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Considering a rate decreased by 1%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,167,726 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,694,991 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,862,717 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Defined benefit liability, discounted to present value at current rate</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,167,726 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,917,650 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,085,376 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Considering a rate increased by 0.5%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,093,889 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,800,635 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,894,524 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Considering a rate decreased by 0.5%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,246,886 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,047,694 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,294,580 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">c.3.14)Allocation of plan assets</div>

CY2023Q4

ifrs-full

Defined Benefit Obligation At Present Value

DefinedBenefitObligationAtPresentValue

4085376000

brl

CY2022Q4

ifrs-full

Defined Benefit Obligation At Present Value

DefinedBenefitObligationAtPresentValue

3464617000

brl

CY2023Q4

ifrs-full

Plan Assets At Fair Value

PlanAssetsAtFairValue

-4154533000

brl

CY2022Q4

ifrs-full

Plan Assets At Fair Value

PlanAssetsAtFairValue

-4182580000

brl

CY2023Q4

ifrs-full

Surplus Deficit In Plan

SurplusDeficitInPlan

-69157000

brl

CY2022Q4

ifrs-full

Surplus Deficit In Plan

SurplusDeficitInPlan

-717963000

brl

CY2023Q4

ifrs-full

Current Recognised Assets Defined Benefit Plan

CurrentRecognisedAssetsDefinedBenefitPlan

30673000

brl

CY2022Q4

ifrs-full

Current Recognised Assets Defined Benefit Plan

CurrentRecognisedAssetsDefinedBenefitPlan

0

brl

CY2023Q4

ifrs-full

Noncurrent Recognised Assets Defined Benefit Plan

NoncurrentRecognisedAssetsDefinedBenefitPlan

43375000

brl

CY2022Q4

ifrs-full

Noncurrent Recognised Assets Defined Benefit Plan

NoncurrentRecognisedAssetsDefinedBenefitPlan

4161000

brl

CY2023Q4

ifrs-full

Current Recognised Liabilities Defined Benefit Plan

CurrentRecognisedLiabilitiesDefinedBenefitPlan

31588000

brl

CY2022Q4

ifrs-full

Current Recognised Liabilities Defined Benefit Plan

CurrentRecognisedLiabilitiesDefinedBenefitPlan

27377000

brl

CY2023Q4

ifrs-full

Noncurrent Recognised Liabilities Defined Benefit Plan

NoncurrentRecognisedLiabilitiesDefinedBenefitPlan

1045495000

brl

CY2022Q4

ifrs-full

Noncurrent Recognised Liabilities Defined Benefit Plan

NoncurrentRecognisedLiabilitiesDefinedBenefitPlan

742439000

brl

CY2023

ifrs-full

Current Service Cost Defined Benefit Plans

CurrentServiceCostDefinedBenefitPlans

11125000

brl

CY2022

ifrs-full

Current Service Cost Defined Benefit Plans

CurrentServiceCostDefinedBenefitPlans

15524000

brl

CY2021

ifrs-full

Current Service Cost Defined Benefit Plans

CurrentServiceCostDefinedBenefitPlans

23545000

brl

CY2023

ifrs-full

Interest Expense Income Defined Benefit Plans

InterestExpenseIncomeDefinedBenefitPlans

74728000

brl

CY2022

ifrs-full

Interest Expense Income Defined Benefit Plans

InterestExpenseIncomeDefinedBenefitPlans

49162000

brl

CY2021

ifrs-full

Interest Expense Income Defined Benefit Plans

InterestExpenseIncomeDefinedBenefitPlans

63374000

brl

CY2023

viv

Post Employment Benefit Expenses Defined Benefit Plans

PostEmploymentBenefitExpensesDefinedBenefitPlans

85853000

brl

CY2022

viv

Post Employment Benefit Expenses Defined Benefit Plans

PostEmploymentBenefitExpensesDefinedBenefitPlans

64686000

brl

CY2021

viv

Post Employment Benefit Expenses Defined Benefit Plans

PostEmploymentBenefitExpensesDefinedBenefitPlans

86919000

brl

CY2023

ifrs-full

Actuarial Gains Losses Arising From Experience Adjustments Before Tax Defined Benefit Plans

ActuarialGainsLossesArisingFromExperienceAdjustmentsBeforeTaxDefinedBenefitPlans

704985000

brl

CY2022

ifrs-full

Actuarial Gains Losses Arising From Experience Adjustments Before Tax Defined Benefit Plans

ActuarialGainsLossesArisingFromExperienceAdjustmentsBeforeTaxDefinedBenefitPlans

-39668000

brl

CY2021

ifrs-full

Actuarial Gains Losses Arising From Experience Adjustments Before Tax Defined Benefit Plans

ActuarialGainsLossesArisingFromExperienceAdjustmentsBeforeTaxDefinedBenefitPlans

-469955000

brl

CY2023

ifrs-full

Gains Losses On Changes In Effect Of Limiting Net Defined Benefit Asset To Asset Ceiling Excluding Interest Income Or Expense Before Tax Defined Benefit Plans

GainsLossesOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeilingExcludingInterestIncomeOrExpenseBeforeTaxDefinedBenefitPlans

-557103000

brl

CY2022

ifrs-full

Gains Losses On Changes In Effect Of Limiting Net Defined Benefit Asset To Asset Ceiling Excluding Interest Income Or Expense Before Tax Defined Benefit Plans

GainsLossesOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeilingExcludingInterestIncomeOrExpenseBeforeTaxDefinedBenefitPlans

117389000

brl

CY2021

ifrs-full

Gains Losses On Changes In Effect Of Limiting Net Defined Benefit Asset To Asset Ceiling Excluding Interest Income Or Expense Before Tax Defined Benefit Plans

GainsLossesOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeilingExcludingInterestIncomeOrExpenseBeforeTaxDefinedBenefitPlans

73032000

brl

CY2023

viv

Post Employment Benefits Recognized In Other Comprehensive Income Loss

PostEmploymentBenefitsRecognizedInOtherComprehensiveIncomeLoss

147882000

brl

CY2022

viv

Post Employment Benefits Recognized In Other Comprehensive Income Loss

PostEmploymentBenefitsRecognizedInOtherComprehensiveIncomeLoss

77721000

brl

CY2021

viv

Post Employment Benefits Recognized In Other Comprehensive Income Loss

PostEmploymentBenefitsRecognizedInOtherComprehensiveIncomeLoss

-396923000

brl

CY2023

ifrs-full

Disclosure Of Net Defined Benefit Liability Asset Explanatory

DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:32.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.396%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net defined benefit liability (asset) at the beginning of the year</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,725 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">700,930 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">765,655 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(26,359)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">581,025 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">554,666 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Expenses</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,650 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">78,203 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85,853 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(609)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">65,295 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,686 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Sponsor contributions</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(10,108)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,011)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,119)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,529)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,382)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(30,911)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Amounts recognized in OCI</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(79,060)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">226,942 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">147,882 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(271)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,992 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,721 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Distribution of reserves</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,764 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,764 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">99,493 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">99,493 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net defined benefit liability (asset) at the end of the year</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,971 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">997,064 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,003,035 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">64,725 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">700,930 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">765,655 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Actuarial assets per balance sheet</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(74,048)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(74,048)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,161)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,161)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Actuarial liabilities per balance sheet</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">80,019 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">997,064 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,077,083 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,886 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">700,930 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">769,816 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2022Q4

ifrs-full

Liability Asset Of Defined Benefit Plans

LiabilityAssetOfDefinedBenefitPlans

765655000

brl

CY2021Q4

ifrs-full

Liability Asset Of Defined Benefit Plans

LiabilityAssetOfDefinedBenefitPlans

554666000

brl

CY2023

viv

Current Service Cost And Interest Expense Income Net Defined Benefit Liability Asset

CurrentServiceCostAndInterestExpenseIncomeNetDefinedBenefitLiabilityAsset

85853000

brl

CY2022

viv

Current Service Cost And Interest Expense Income Net Defined Benefit Liability Asset

CurrentServiceCostAndInterestExpenseIncomeNetDefinedBenefitLiabilityAsset

64686000

brl

CY2023

viv

Payments From Plan And Contributions To Plan Net Defined Benefit Liability Asset

PaymentsFromPlanAndContributionsToPlanNetDefinedBenefitLiabilityAsset

-19119000

brl

CY2022

viv

Payments From Plan And Contributions To Plan Net Defined Benefit Liability Asset

PaymentsFromPlanAndContributionsToPlanNetDefinedBenefitLiabilityAsset

-30911000

brl

CY2023

ifrs-full

Gain Loss On Remeasurement Of Net Defined Benefit Liability Asset

GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset

147882000

brl

CY2022

ifrs-full

Gain Loss On Remeasurement Of Net Defined Benefit Liability Asset

GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset

77721000

brl

CY2023

viv

Increase Decrease Through Transfer Of Reserves Between Plans Net Defined Benefit Liability Asset

IncreaseDecreaseThroughTransferOfReservesBetweenPlansNetDefinedBenefitLiabilityAsset

22764000

brl

CY2022

viv

Increase Decrease Through Transfer Of Reserves Between Plans Net Defined Benefit Liability Asset

IncreaseDecreaseThroughTransferOfReservesBetweenPlansNetDefinedBenefitLiabilityAsset

99493000

brl

CY2023Q4

ifrs-full

Liability Asset Of Defined Benefit Plans

LiabilityAssetOfDefinedBenefitPlans

1003035000

brl

CY2022Q4

ifrs-full

Liability Asset Of Defined Benefit Plans

LiabilityAssetOfDefinedBenefitPlans

765655000

brl

CY2023Q4

viv

Actuarial Assets Per Balance Sheet

ActuarialAssetsPerBalanceSheet

74048000

brl

CY2022Q4

viv

Actuarial Assets Per Balance Sheet

ActuarialAssetsPerBalanceSheet

4161000

brl

CY2023Q4

viv

Actuarial Liabilities Per Balance Sheet

ActuarialLiabilitiesPerBalanceSheet

1077083000

brl

CY2022Q4

viv

Actuarial Liabilities Per Balance Sheet

ActuarialLiabilitiesPerBalanceSheet

769816000

brl

CY2023

viv

Defined Benefit Plans Estimated Service Cost

DefinedBenefitPlansEstimatedServiceCost

17843000

brl

CY2023

viv

Estimated Net Interest On Net Actuarial Assets Liabilities

EstimatedNetInterestOnNetActuarialAssetsLiabilities

91840000

brl

CY2023

viv

Estimated Post Employment Benefit Expense Defined Benefit Plans

EstimatedPostEmploymentBenefitExpenseDefinedBenefitPlans

109683000

brl

CY2023

viv

Estimated Contributions To Plan By Employer Net Defined Benefit Liability Asset

EstimatedContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset

1867000

brl

CY2023

viv

Estimated Benefits Paid By Sponsor

EstimatedBenefitsPaidBySponsor

31692000

brl

CY2023

viv

Estimate Of Contributions Expected To Be Paid

EstimateOfContributionsExpectedToBePaid

33559000

brl

CY2023

ifrs-full

Disclosure Of Information About Maturity Profile Of Defined Benefit Obligation Explanatory

DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory

<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:76.773%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.391%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 5.5pt;text-indent:-4.5pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement pension plans</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Post-retirement health plans</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">In 2023</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8.0 years</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">13.8 years</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">In 2022</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">7.8 years</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:middle">13.5 years</td></tr></table></div>

CY2023

ifrs-full

Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Explanatory

DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory

FINANCIAL INSTRUMENTS AND RISK AND CAPITAL MANAGEMENT<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Accounting policy</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.1)Financial assets</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.1.1)Initial recognition and measurement</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On initial recognition, a financial asset is classified in the following measurement categories: (i) at fair value through profit or loss; (ii) at amortized cost; or (iii) at fair value through other comprehensive income, depending on the situation.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The classification of financial assets at initial recognition depends on the contractual cash flow characteristics of the financial asset and the business model for the management of these assets.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For a financial asset to be classified and measured at amortized cost or at fair value through other comprehensive income, it needs to generate cash flows that are “exclusively payments of principal and interest” on the principal amount outstanding. This assessment is carried out at the level of each financial instrument.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Financial assets with cash flows that are not exclusively payments of interest principal are classified and measured at fair value through profit or loss, regardless of the business model adopted.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's business model for managing financial assets refers to how it manages its financial assets to generate cash flows. The business model determines whether cash flows will result from the collection of contractual cash flows, the sale of financial assets or both. Financial assets classified and measured at amortized cost are maintained in a business plan with the objective of maintaining financial assets in order to obtain contractual cash flows while financial assets classified and measured at fair value against other comprehensive income are maintained in a business model. with the objective of obtaining contractual cash flows and for the purpose of sale.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's consolidated financial assets include cash and cash equivalents, accounts receivable, financial investments, derivative financial instruments, amounts receivable from the sale of properties and others and credits with related parties.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.1.2)Subsequent measurement </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Subsequent measurement of financial assets depends on their classification, as follows: (i) Financial assets at fair value through profit or loss: these assets are subsequently measured at fair value. Net income, including interest, is recognized directly in income; (ii) Financial assets at amortized cost: these assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in income. Any gain or loss on derecognition is recognized in profit or loss; and (iii) Financial assets at fair value through other comprehensive income: these assets are subsequently measured at fair value. Interest income is calculated using the effective interest method, and foreign exchange gains and losses and impairment are recognized in profit or loss. Other net income is recognized in other comprehensive income. In derecognition, the accumulated result in other comprehensive income is reclassified to the statement of income.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.1.3)Derecognition</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">A financial asset (or, whenever the case, a part of a financial asset, or a part of a group of similar financial assets) is derecognized when: (i) the rights to receive the cash flows from the asset have expired; or (ii) the Company has transferred its rights to receive cash flows from it has assumed obligation to pay the received cash flows in full without material delay to a third part under a ‘pass-through’ arrangement; and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.1.4)Impairment of financial assets</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries apply an impairment model for financial assets based on expected credit losses, using a simplified method for certain short and long-term assets (commercial receivables, lease receivables and contractual assets).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Under this simplified approach, credit impairment is recognized by reference to expected credit losses over the life of the asset. For this purpose, the Company and its subsidiaries use matrices based on historical bad debt experience by geographical area on a portfolio segmented by customer category according to credit pattern. The matrix for each category has a defined time horizon divided into intervals in accordance with the collection management policy and is fed with historical data that covers at least 24 collection cycles. This data is updated on a regular basis. Based on the information observable at each close, the Company and its subsidiaries assess the need to adjust the rates resulting from these matrices, considering current conditions and future economic forecasts.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.2)Financial liabilities</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.2.1)Initial recognition and measurement</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Upon initial recognition, a financial liability is classified into the following measurement categories: (i) at fair value through profit or loss; (ii) at amortized cost; or (iii) derivatives designated as hedge instruments in an effective hedge, as appropriate.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Financial liabilities are initially recognized at fair value plus, in the case of loans and financing, transaction cost directly attributable thereto.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's consolidated financial liabilities include accounts payable to suppliers, loans, financing, debentures, leases, 5G licenses, liabilities for the acquisition of a companies, derivative financial instruments, obligations with ANATEL, amounts to be refunded to customers and obligations with related parties.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.2.2)Subsequent measurement </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Measurement of financial liabilities depends on their classification, as follows: (i) Financial liabilities at fair value through profit or loss: financial liabilities are designated at initial recognition at fair value through profit or loss. This category also includes derivative financial instruments contracted, except those designated as derivative financial instruments of cash flow hedge. Interest, monetary and exchange variations and changes arising from the valuation at fair value, when applicable, are recognized in the statement of income when incurred; and (ii) Financial liabilities at amortized cost: after initial recognition, loans and financing subject to interest are subsequently measured at amortized cost using the effective interest rate method. Gains and losses are recognized in the statement of income at the time of write-off of liabilities, as well as during the amortization process using the effective interest rate method.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Amortized cost is calculated taking into account any discount or goodwill on acquisition and fees or costs that are an integral part of the effective interest rate method. Amortization using the effective interest rate method is included as a financial expense in the income statement.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.2.3)Derecognition</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">A financial liability is derecognized when the obligation has been revoked, cancelled or expired. When an existing financial liability is replaced by another of the same lender, and the terms of the instruments are substantially different, or when the terms of an existing debt instrument are substantially modified, this replacement or modification is treated as derecognition of the original liability and recognition of a new liability, and the difference in the corresponding carrying amounts is recognized in the statement of income.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.3)Fair value measurement</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. Fair value measurement is based on the assumption that the transaction to sell the asset or transfer the liability will take place (i) in the principal market for the asset or liability; and (ii) in the absence of a principal market, in the most advantageous market for that asset or liability. The Company and or its subsidiaries must have access to the principal (or most advantageous) market.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing an asset or liability, assuming that market participants act in their best economic interests.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Fair value measurement of a non-financial asset takes into consideration the capacity of a market participant to generate economic benefits through the best use of the asset or selling it to another market participant that would also make the best use of the asset.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries use adequate valuation techniques in the circumstances and for which there is sufficient data to measure the fair value, that maximizes the use of relevant observable inputs and minimizes the use of unobservable inputs.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The fair values of all assets and liabilities are classified within the fair value hierarchy described below, based on the lowest level of information that is significant to the fair value measurement as a whole: (i) Level 1: quoted market prices (unadjusted) in active markets for identical assets or liabilities; (ii) Level 2: valuation techniques for which there is a significantly lower level of information to measure the fair value directly or indirectly observable; and (iii) Level 3: valuation techniques for which the lowest and significant level of information to measure the fair value is not available.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For assets and liabilities recognized in the financial statements on a recurring basis, the Company and its subsidiaries determine whether transfers have occurred between levels of the hierarchy, reassessing the categorization (based on information at the lowest and most significant level for measuring the fair value as a whole) to each year end.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries assessed their financial assets and liabilities in relation to market values using available information and appropriate valuation methodologies. Both the interpretation of market data and the selection of valuation methods require considerable judgment and reasonable estimates to produce the most adequate realization value. As a result, the estimates shown do not necessarily indicate amounts that could be realized in the current market. The use of different assumptions for the market and/or methodologies may have a material effect on estimated realization values. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In the years ended December 31, 2023 and 2022, there were no transfers of fair value assessments between the aforementioned levels.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.4)Financial instruments – net </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Financial assets and liabilities are presented net in the balance sheet if, and only if, there is a current enforceable legal right to offset the amounts recognized and if there is an intention to offset or realize the asset or settle the liability simultaneously.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">a.5)Derivative financial instruments and hedge accounting</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">A hedge relationship qualifies for hedge accounting if it meets all of the following effectiveness requirements: (i) there is an economic relationship between the hedged item and the hedging instrument; (ii) the credit risk effect does not influence the changes in value that result from this economic relationship; and (iii) the hedge ratio of the hedging relationship is the same as that resulting from the amount of the hedged item that the entity effectively protects and the amount of the hedge instrument that the Company effectively uses to protect that amount of hedged item.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The documentation includes identification of the hedging instrument, the hedged item or transaction, the nature of the hedged risk, the nature of the risks excluded from the hedge relationship, the prospective statement of hedge effectiveness and how the Company shall assess the effectiveness of changes in the hedging instrument’s fair value in offsetting the exposure to changes in the hedged item’s fair value or cash flows attributable to the hedged risk.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On the inception initial recognition of a hedge relationship, the Company formally designates and documents the hedge relationship to which it wishes to apply hedge accounting, the risk management objective and strategy for undertaking the hedge. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company uses derivative financial instruments, such as currency and interest rate swaps or currency non-deliverable forward contracts to hedge against currency risks.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Derivative financial instruments designated in hedge transactions are initially recognized at fair value on the date on which the derivative contract is entered into, and subsequently revalued also at fair value. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Derivatives are presented as financial assets when the fair value of the instrument is positive and as financial liabilities when the fair value of the instrument is negative.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Any gains or losses resulting from changes in fair value of derivatives during the year are posted directly to the statement of income, except for the effective portion of cash flow hedges, which is recognized directly in equity as other comprehensive income and subsequently reclassified to P&L when the hedged item affects P&L.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For the purpose of hedge accounting, hedges are classified as cash flow hedges and fair value hedges. The Company's contracts are classified as cash flow hedges when they provide protection against changes in cash flows that are attributable to a particular risk associated with a recognized liability that may affect the profit or loss and fair value when they provide protection against exposure to changes in the fair value of the identified part of certain liabilities that is attributable to a particular risk (exchange variation) and may affect the profit or loss.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.5.1)Cash flow hedges</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Cash flow hedges meeting the recording criteria are accounted for as follows: (i) the portion of gain or loss from the hedge instrument determined as an effective hedge shall be recognized directly in equity (other comprehensive income), and (ii) the ineffective portion of gain or loss from the hedge instrument shall be recognized in the statement of income.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">When the Company’s documented risk management strategy for any given hedge relationship excludes from the hedge effectiveness evaluation any particular component of gain or loss or the corresponding cash flows from the hedge instrument, that gains or loss component is recognized in financial income (expenses).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Amounts recorded in other comprehensive income are immediately transferred to the statement of income when the hedged transaction affects P&L. When a hedged item is the cost of a non-financial asset or liability, amounts recorded in equity are transferred at the initial carrying amount of the non-financial assets and liabilities.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">If the hedging instrument expires or is sold, terminated or exercised without replacement or rollover (as part of the hedging strategy), or if its designation as a hedge is revoked, or when the hedge fails to meet the hedge accounting criteria, any cumulative gain or loss previously recognized in other comprehensive income remains separately in equity until the forecast transaction occurs or the firm commitment is fulfilled.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.5.2)Fair value hedges</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Fair value hedges meeting the accounting criteria are accounted for as follows: (i) gain or loss from changes in fair value of a hedge instrument shall be recognized in the statement of income as finance costs; and (ii) gain or loss from a hedged item attributable to the hedged risk shall adjust the recorded amount of the hedged item to be recognized in the statement of income, as finance costs. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For fair value hedges relating to items carried at amortized cost, any adjustment to carrying amount is amortized through profit or loss over the remaining term of the hedge using the effective interest method. The effective interest rate amortization may begin as soon as any adjustment exists and no later than the point that the hedged item ceases to be adjusted for changes in its fair value attributable to the risk being hedged.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">If the hedged item is derecognized, the unamortized fair value is recognized immediately in the statement of income.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">When an unrecognized firm commitment is designated as a hedged item, the subsequent cumulative change in the fair value of the firm commitment attributable to the hedged risk is recognized as an asset or liability with a corresponding gain or loss recognized in profit and loss.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:49.5pt;text-indent:-31.5pt">a.5.3)Classification between current and non-current</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Derivative financial instruments are classified as current and non-current or segregated into short and long-term portions based on an evaluation of the contractual cash flows.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">When the Company maintains a derivative as an economic hedge (and does not apply hedge accounting), for a period exceeding 12 months after the balance sheet date, the derivative is classified as non-current (or segregated into current and non-current portions), in line with the classification of the corresponding item.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The derivative instrument is segregated into current and non-current portions only when amounts can be reliably allocated.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Derivative instruments that are designated as effective hedging instruments are classified consistently with the classification of the underlying hedged item.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Critical estimates and judgments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">When the fair value of financial assets and liabilities stated in the balance sheet cannot be obtained in active markets, it will be determined using valuation techniques, including the discounted cash flow method. Data for these methods is based on those adopted in the market, whenever possible. However, when this is not feasible, a certain level of judgment is required for fair value determination. Judgment includes consideration of the inputs used, such as liquidity risk, credit risk and volatility. Changes in the assumptions about these factors could affect the reported fair value of financial instruments.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">c)Derivative transactions</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The derivative financial instruments contracted by the Company are mainly used for hedging against foreign exchange risk from assets and liabilities in foreign currency and the effects of inflation on leases indexed to the IPCA. There are no derivative financial instruments held for speculative purposes, possible currency risks are hedged.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Management believes that the Company's internal controls for its derivatives are adequate to control risks associated with each strategy for the market. Gains/losses obtained or sustained by the Company in relation to its derivatives show that its risk management has been appropriate.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Whilst these derivative contracts qualify for hedge accounting, the hedged item is adjusted to fair value, offsetting the result of the derivatives, pursuant to the rules of hedge accounting. This hedge accounting applies both to financial liabilities and probable cash flows in foreign currency.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Derivatives contracts include specific penalties for breach of contract. Breach of contract provided for in agreements made with financial institutions leads to the anticipated liquidation of the contract.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023 and 2022, the Company held no embedded derivatives contracts.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.1)Fair value of derivative financial instruments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The valuation method used to calculate the fair value of financial liabilities (if applicable) and derivative financial instruments was the discounted cash flow method, based on expected settlements or realization of liabilities and assets at market rates prevailing at the balance sheet date. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The fair values of the positions in Reais are calculated by projecting future inflows from transactions using B3 yield curves and discounting these flows to present value using market DI rates for swaps announced by B3.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The market values of foreign exchange derivatives were obtained using the market exchange rates in effect at the balance sheet date and projected market rates obtained from the currency's coupon-rate yield curves. The linear convention of 360 calendar days was used to determine coupon rates of positions indexed in foreign currencies, while the exponential convention of 252 business days was used to determine coupon rates for positions indexed to CDI rates.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Consolidated derivatives financial instruments shown below are registered with B3 and classified as swaps, usually, that do not require margin deposits.</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:43.152%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.266%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Consolidated</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Accumulated effects from fair value</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Notional Value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount receivable (payable)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Description</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Assets position</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">820,298 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,701,304 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85,288 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">158,023 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Foreign Currency</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">609,794 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,526,619 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">256 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">105,663 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">US$(1)(2)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">369,544 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,428,565 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">105,472 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">EUR(1)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">125,848 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">95,231 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">229 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">167 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">NDF US$(3)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">114,402 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,823 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">24 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Floating rate</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">172,471 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">143,813 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,952 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,357 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">CDI(1)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">172,471 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">143,813 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,952 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,357 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Inflation rates</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,033 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,872 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">83,080 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,003 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">IPCA(2)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,033 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,872 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">83,080 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,003 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Liabilities position</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(820,298)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,701,304)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(94,703)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(164,141)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Floating rate</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(533,425)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,579,506)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(93,805)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(163,730)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">CDI(1)(2)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(533,425)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,579,506)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(93,805)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(163,730)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Fixed rate</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(114,402)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,823)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(898)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">NDF US$(3)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(114,402)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,823)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(898)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Foreign Currency</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(172,471)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(118,975)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(411)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">US$(1)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(169,247)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(143,813)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(411)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;text-indent:-4.5pt">EUR(1)</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,224)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">24,838 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Long position </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85,288 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">158,023 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,336 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">113,501 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-current </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76,952 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,522 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Short position </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(94,703)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(164,141)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Current </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,948)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(86,548)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13.19pt;text-align:left;text-indent:-3.69pt;vertical-align:middle">Non-current </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(87,755)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(77,593)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="9" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Amounts payable, net</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,415)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,118)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Foreign currency swap (euro and CDI x euro) (R$122,241) and (US dollar and CDI x US dollar) (R$198,014) – swap operations contracted with maturities until March 11, 2024, with the objective of protecting against exchange variation risks of net amounts payable (book value of R$122,243 payable and R$198,011 payable, respectively).</div><div style="margin-bottom:3pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Swap IPCA x CDI (R$46,878) – swap operations contracted with maturities in 2033 with the objective of protecting against the risk of variation of the IPCA (book value of R$46,878 payable).</div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)NDF dollar x (R$898) – forward operations contracted with maturities up to June 11, 2024, with the objective of protecting against exchange variation risks of service contracts (book value of R$898 payable).</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.2)Net changes of derivative financial instruments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:69.302%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.276%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="padding:0 19pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Balance at the beginning of the fiscal year</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(6,118)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(12,676)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Payments</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">142,637 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">166,659 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Receipts</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(27,484)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(55,617)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Effects on the financial result of fair value adjustments</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(110,089)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(82,951)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Effects on equity of fair value adjustments</td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(8,361)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(21,533)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:top">Balance at the end of the year</td><td colspan="3" style="background-color:#ffffff;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(9,415)</td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(6,118)</td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.3)Aging of derivative financial instruments (net)</div><div style="margin-bottom:10pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:25.049%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.951%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.427%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Maturing in</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Swap contract</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2024</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2025</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2026</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2027</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2028</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2029 onwards</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Amount receivable (payable) on 12.31.2023</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IPCA x CDI</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,128 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,845 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,583 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,579 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,935 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(33,745)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,675)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">NDF US$ x Fixed rate</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(898)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(898)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Foreign currency x CDI</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,794)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,794)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">CDI x Foreign Currency</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,952 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,952 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,388 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,845 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,583 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,579 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,935 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(33,745)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,415)</td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For the purposes of preparing its financial statements, the Company adopted the fair value hedge accounting methodology for its foreign currency swaps x CDI and IPCA x CDI for hedging or financial debt. Under this arrangement, both derivatives and hedged risk are recognized at fair value. </div><div style="padding-left:18pt">On December 31, 2023, and 2022, the derivatives financial instruments generated net results (parent company and consolidated) of negative R$110,089 and positive of R$105,522, respectively (<a href="#i56d0c5632e91422790ffd650ccd24ab8_334" style="background-color:#ffffff;color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:none">Note</a> 28). </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">c.4)Sensitivity analysis of the Company's risk variables</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">CVM Resolution 475/2008 requires listed companies to disclose sensitivity analyses for each type of financial instruments market risk that management believes to be significant at the end of each period, including all derivative financial instrument transactions.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Each financial instrument derivative transactions were assessed, and assumptions included a probable base scenario and a further two stressed scenario that could adversely impact the Company. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For the probable base scenario, at the maturity dates for each of the transactions, the market rates sourced from B3 yield curves (currencies and interest rates) were used plus data from the IBGE, Central Bank, FGV, among others. In the probable scenario, there is no impact on the fair value of the above-mentioned derivatives. For scenarios II and III, as per the CVM rule, risk variables were stressed by 25% and 50% respectively. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Since the Company only holds derivatives to hedge its foreign currency assets and liabilities, other scenarios are not applicable. For these transactions, the Company reported the consolidated net exposure in each of the above-mentioned three scenarios on December 31, 2023.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:34.532%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.468%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.404%"></td><td style="width:0.1%"></td></tr><tr style="height:13pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Transaction </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Risk</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Probable</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">25% depreciation</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">50% depreciation</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Hedge (assets position)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivatives (depreciation risk EUR)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">122,241 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">152,801 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">183,361 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Payables in EUR</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debt (appreciation risk EUR)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(148,501)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(185,626)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(222,751)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Receivables in EUR</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debt (depreciation risk EUR)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,258 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,822 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,387 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net Exposure</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Hedge (assets position)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivatives (depreciation risk US$)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">198,014 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">247,517 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">297,021 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Payables in US$</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debt (appreciation risk US$)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(314,175)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(392,719)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(471,263)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Receivables in US$</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debt (depreciation risk US$)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">116,164 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">145,205 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">174,246 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net Exposure</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Hedge (assets position)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivatives (risk of decrease in IPCA)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46,878 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">32,017 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">18,530 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debt in IPCA</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debt (risk of increase in IPCA)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(46,878)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(32,017)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,530)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net Exposure</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Hedge (assets position)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivatives (depreciation risk US$)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(898)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,123)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,404)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">OPex em US$</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">OPex (appreciation risk US$)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">898 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,123 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,404 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net Exposure</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Hedge (CDI position)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Hedge US$ and EUR (liabilities position)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivatives (risk of decrease in CDI)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,948 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,875 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,824 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 13pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Hedge IPCA (liabilities position)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivatives (risk of increase in CDI)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(85,803)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(85,793)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(88,245)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net Exposure</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(78,855)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(78,918)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(81,421)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total net exposure in each scenario</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(78,854)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(78,918)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(81,420)</td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Net effect on changes in current fair value</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(64)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,566)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The fair values shown in the table above are based on the portfolio position on December 31, 2023, but do not contemplate other changes to market variables which are constantly monitored by the Company. The use of different assumptions could significantly affect the estimates.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For calculation of the net exposure for the sensitivity analysis, all derivatives were considered at market value and hedged items designated for hedges for accounting purposes were also considered at fair value.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The assumptions used by the Company for the sensitivity analysis on December 31, 2023, were as follows:</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:57.089%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.262%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Risk Variable</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Probable</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">25% depreciation</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">50% depreciation</td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">US$</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.8400 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.0500 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.2600 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">EUR</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.3500 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.6900 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8.0300 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IPCA</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.68 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.89 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.11 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">IGPM</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.18)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.96)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4.73)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">CDI</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11.65 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14.77 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17.97 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">d)Classification of financial assets and liabilities by category and fair value hierarchy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">For the purposes of disclosing fair value, the Company and its subsidiaries determined classes of assets and liabilities based on the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Below, we present the composition and classification of financial assets and liabilities as of December 31, 2023 and 2022.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:37.693%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.526%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.526%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.526%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.526%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.526%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.533%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Book value</td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Fair value</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Classification by category</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Fair value hierarchy</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">12.31.2022</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Financial Assets</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Current </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cash and cash equivalents (Note 3)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,358,276 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,273,834 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,358,276 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,273,834 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Financial investments (note 4)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,148 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,016 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,148 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,016 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trade accounts receivable (Note 5)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,318,077 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,691,114 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,318,077 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,691,114 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative transactions (Note 32)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Level 2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,336 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">113,501 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,336 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">113,501 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Sale of real estate and other receivables (Note 11)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">106,223 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">93,142 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">106,223 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">93,142 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Related-party receivables (Note 11)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">259,426 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">253,144 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">259,426 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">253,144 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Financial investments (note 4)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,169 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">43,522 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,169 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">43,522 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trade accounts receivable (Note 5)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">351,036 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">399,029 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">351,036 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">399,029 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative transactions (Note 32)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">2</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">Level 2</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76,952 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,522 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">76,952 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">44,522 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Sale of real estate and other receivables (Note 11)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,129 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,338 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">51,129 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">48,338 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Related-party receivables (Note 11)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,820 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">181,085 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,820 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">181,085 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total financial assets</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,575,592 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,142,247 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">14,575,592 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,142,247 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;border-top:2pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Financial Liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Current </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Trade accounts payable, net (Note 17)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,169,945 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,415,798 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,169,945 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7,415,798 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Loans and financing (Note 21)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,073,090 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,073,090 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Leases (Note 21)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Level 2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,877,090 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,503,167 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,877,090 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,503,167 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debentures (Note 21)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">221,589 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">236,833 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">221,589 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">236,833 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">5G Licenses (Note 21)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">351,291 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">652,301 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">351,291 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">652,301 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities for the acquisition of a company (Note 21)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,690 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">554,554 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,690 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">554,554 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative transactions (Note 32)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Level 2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,050 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">86,532 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,050 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">86,532 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative transactions (Note 32)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">3</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">Level 2</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">898 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">898 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities with ANATEL (Note 23)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">99,884 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,045 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">99,884 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42,045 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Amounts to be refunded to customers (Note 23)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">124,533 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,460 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">124,533 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,460 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities with related parties (Note 23)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,103 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">118,303 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,103 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">118,303 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:8pt"><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Leases (Note 21)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">2</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">Level 2</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,718,949 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,529,436 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,718,949 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,529,436 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debentures (Note 21)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,500,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,500,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,500,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,500,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">5G Licenses (Note 21)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">949,395 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,191,670 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">949,395 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,191,670 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities for the acquisition of a company (Note 21)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,198 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">60,745 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">63,198 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">60,745 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Other creditors (nota 21)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 19pt 0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,025 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,025 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative transactions (Note 32)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">Level 2</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">87,755 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,593 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">87,755 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">77,593 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities with ANATEL (Note 23)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">829,636 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">734,833 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">829,636 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">734,833 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities with related parties (Note 23)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle">1</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">568 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,421 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">568 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,421 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle">Total financial liabilities</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,061,599 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,846,797 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">28,061,599 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27,846,797 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Classification by category</div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Amortized cost</div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt">(2)Measured at fair value through profit or loss</div><div style="margin-bottom:10pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(3)Measured at fair value through OCI</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">e)Capital management</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The purpose of the Company's capital management is to ensure maintenance of a high credit rating and an optimal capital ratio to support the Company's business and maximize shareholder value.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company manages its capital structure by making adjustments and adapting to current economic conditions. In seeking such equilibrium, the Company may pay dividends, obtain new loans, issue debentures and contract derivatives. For the year ended December 31, 2023, there were no changes in capital structure objectives, policies or processes.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company includes in the net debt structure the balances of loans, financing, debentures, leases, 5G licenses, contractual retention and contingent liabilities arising from the acquisition of Companies, other creditors and derivative financial instruments, less cash and equivalents cash, financial investments in FIDC, accounts receivable from credit rights (FIDC Vivo Money) and judicial deposit related to liability for the acquisition of companies.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company’s ratio of consolidated debt to shareholders’ equity consists of the following:</div><div style="margin-bottom:10pt;padding-left:9pt;padding-right:9pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.333%"><tr><td style="width:1.0%"></td><td style="width:71.816%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.846%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.395%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.848%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">12.31.2022</td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Cash and cash equivalents</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,358,276 </td><td style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,273,834 </td><td style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Financial investments </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,148 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,016 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Accounts receivable – FIDC Vivo Money (net of estimated losses)</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">208,194 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">158,259 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Judicial deposit (Garliava)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">522,297 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Loans and financing, debentures, leases and other creditors</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(18,737,227)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19,301,796)</td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative transactions, net</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(9,415)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,118)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net debt</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14,179,024)</td><td style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(16,352,508)</td><td style="background-color:#f2f2f2;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net equity</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">69,627,320 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">68,455,847 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Net debt-to-equity ratio</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20.36 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="3" style="background-color:#f2f2f2;padding:0 1pt"></td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.89 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">f)Risk management policy</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries are exposed to several market risks as a result of its commercial operations, debts contracted to finance its activities and debt-related financial instruments.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.1)Currency Risk</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company is exposed to the foreign exchange risk for financial assets and liabilities denominated in foreign currencies, which may reduce receivables or increase payables depending on the exchange rate in the period. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Hedging transactions were executed to minimize the risks associated with exchange rate changes on financial assets and liabilities in foreign currencies. This balance is subject to daily changes due to the dynamics of the business. However, the Company intends to cover the net balance of these assets and obligations (US$33,796 thousand, €18,409 thousand and £66 thousand paid by December 31, 2023, and US$26,979 thousand, €17,264 thousand and £66 thousand paid by December 31, 2022) to mitigate its foreign exchange risks. </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.2)Interest and Inflation Risk</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">This risk may arise from an unfavorable change in the domestic interest rate, which may adversely affect financial expenses from the portion of debentures referenced to the CDI and liability positions in derivatives (currency hedge and IPCA) pegged to floating interest rates (CDI).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">To reduce exposure to the floating interest rate (CDI), the Company and its subsidiaries invested cash equivalents of R$4,289,932 and R$2,220,385 on December 31, 2023, and December 31, 2022, respectively, mostly in short-term CDI-based financial investments (CDBs). The carrying amounts of these instruments approximate their fair values, as they may be redeemed in the short term.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.3)Liquidity Risk </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Liquidity risk consists of the possibility that the Company might not have sufficient funds to meet its commitments due to the different timing and settlement terms of its rights and obligations.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company structures the maturities of financial instruments so as not to affect their liquidity.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's cash flow and liquidity are managed on a daily basis by the operating departments to ensure that cash flows and contracted funding, when necessary, are sufficient to meet scheduled commitments in to mitigate liquidity risk.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The maturity profile of consolidated financial liabilities includes future principal and interest amounts up to the maturity date. For fixed rate liabilities, interest was calculated based on the indices established in each contract. For floating rate liabilities, interest was calculated based on the market forecast for each period. </div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.4)Credit Risk</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The credit risk arises from the possibility that the Company may incur losses resulting from the difficulty in receiving billed amounts related to the provision of services and the sale of handsets and equipment to its B2C and B2B customers, in addition to the sale of handsets and pre-activated prepaid cards to the distributor network.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Credit risk with accounts receivable is diversified and minimized through strict control of the customer base and constant risk analysis. The Company constantly monitors the level of accounts receivable and limits the risk of overdue accounts by cutting off access to the telephone line if the invoice is past due. For the prepaid mobile customer base, which requires advance loading, there is no credit risk. Exceptions are made for emergency services that must be maintained for reasons of national security or defense.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Credit risk on sales of pre-activated prepaid handsets and cards is managed through a prudent policy for granting credit, using modern credit scoring methods, analyzing financial statements and consultations to commercial databases, in addition to requesting guarantees. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company and its subsidiaries are also subject to credit risk arising from their investments, letters of guarantee received as collateral for certain transactions and receivables from derivative transactions. The Company and its subsidiaries control the credit limits granted to each counterpart and diversify this exposure across first-tier financial institutions as per current credit ratings of financial counterparties.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.5)Environmental Risks</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's operations and properties are subject to various environmental laws and regulations that govern environmental licenses and registrations, protection of fauna and flora, atmospheric emissions, waste management and remediation of contaminated areas, among others. If the Company or its business partners are unable to comply with current and future legal requirements, or identify and manage new or existing environmental liabilities, it will have to incur significant costs, which include investigation and remediation costs, indemnities, compensation, adjustment of conduct, fines, suspension of activities and other penalties, investments to improve facilities or change operations, in addition to damage to the Company's reputation in the market.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The identification of new relevant environmental issues, changes in assessment criteria by regulatory agencies, entry into force of more restrictive laws and regulations or other unforeseen events may result in significant environmental liabilities and their respective costs. The occurrence of any of these factors could have a material adverse effect on the Company's business, results of operations and financial condition. According to article 75 of Law No. 9,605/1998, the maximum fine for non-compliance with the environmental law is R$50 plus losses related to embargoes or administrative sanctions, in addition to indemnities and repairs for damages caused to the environment.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Climate change poses a series of potential environmental risks for telecommunications operators, including the Company, both from a regulatory and operational perspective. The increase in the intensity and frequency of extreme precipitation events, cyclones, floods and fires may damage, suspend or interrupt the Company's transmission operations for an indefinite period. If successive serious natural disasters occur, the Company may not have sufficient resources to repair its infrastructure in a timely and cost-effective manner.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In a simulation, an increase in temperature directly affected the operational conditions of the Company's network equipment, causing failures, accelerated wear and loss of assets and, therefore, increases in the risks of service interruptions. Cooling equipment essential for the Company's operation. Therefore, global warming may also increase the need for cooling with higher energy use and operating costs.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The telecommunications sector is not especially dependent on fossil fuels, but it is very dependent on electricity consumption for its networks, so that an increase in electricity prices due to the scarcity of natural resources could have a significant impact on the Company's related operating expenses. The estimated economic impact of this risk is classified as substantive in the horizon of 2030.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">To manage climate risks, the Company encourages energy efficiency programs and plans for renewable energy and distributed energy generation. It also has a dedicated business continuity area, guided by the Global Business Continuity Regulation (“GBC“), which prescribes the preventive risk management, ensuring the resilience of its operations from possible interruption.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.6)Risks Relating to the Brazilian Telecommunications Industry and the Company </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company's business is subject to extensive regulation, including any regulatory changes that may occur during the terms of the concession agreements and the Company's authorizations to provide telecommunication services in Brazil. ANATEL, oversees, among other matters: industry policies and regulations; licensing (including licensing of spectrum and bidding processes); fees and tariffs; competition, incentives and competitive aspects (including the Company's ability to grow by acquiring other telecommunications businesses); service, technical and quality standards; consumer rights; penalties and other sanctions related to interconnection and agreements; in addition to related obligations to the universalization of services. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Brazilian telecommunications regulatory framework is continuously evolving. The interpretation and enforcement of regulations, the assessment of compliance with regulations and the flexibility of regulatory authorities are all marked by uncertainty. The Company operates under authorizations and a concession from the Brazilian government, and the ability to maintain these authorizations and concession is a precondition to the Company's success. However, because of the changing nature of the Brazilian regulatory framework, the Company cannot guarantee that ANATEL will not adversely modify the terms of the Company's authorizations and/or licenses. Accordingly, the Company's operating authorizations and licenses, must meet specific requirements and maintain minimum quality, coverage and service standards. Any failure to comply with these requirements may result in the imposition of fines, penalties and/or other regulatory responses, including the termination of the Company's operating authorizations and concession. Any partial or total termination of any of the Company's operating authorizations and licenses or the Company's concession would have a material adverse effect on the Company's business, financial condition, revenues, results of operations and prospects. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In recent years, ANATEL has reviewed and introduced regulatory changes, especially regarding competition measures and interconnection fees charged among local providers of telecommunications services. Asymmetric competition measures may include regulations aimed at rebalancing markets where one participant has significantly different market share over other competitors. The adoption of disproportionately asymmetric measures could have a material adverse effect on the Company's business, financial condition, revenues, results of operations and prospects. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In this sense, it is important to highlight that, as stated in ANATEL's regulatory agenda for the 2023-2024 biennium, the revision of the General Competition Targets Plan (“PGMC“), approved by the Resolution no. 600, of November 8, 2012 and updated by Resolution no. 694, of July 17, 2018, which concentrates, in a single normative instrument, a set of specific measures aimed at promoting competition and establishes the milestones for future reassessments of the performance of sectoral competition. This review, which takes place every four years and began with the publication of public consultation no. 64, of November 6, 2023, is dedicated to the reassessment of relevant markets in the sector, asymmetric regulatory measures and power holders of Significant Market (“PMS“), previously established by the regulation itself. Also in November 2023, ANATEL submitted to public consultation the review of the Spectrum Use Regulation (“RUE”), approved by Resolution No. 671, of November 3, 2016. The new wording proposed by ANATEL includes, among other changes , new rules for granting authorizations for the use of spectrum on a secondary basis, in addition to changes in the procedures for evaluating the efficient use of spectrum by ANATEL. The expectation, indicated in the regulatory agenda for the 2023-2024 biennium, is that the new RUE will be published in the fourth quarter of 2024.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Complementing the PGMC review, UPI's recent acquisition of the mobile assets of OI Móvel S.A. by the three largest operators in the Brazilian SMP market (Vivo, Claro and TIM), raised competition concerns by ANATEL and CADE, which imposed regulatory remedies in order to promote competitive conditions in the markets, among which: (i) Reference Offer in the Relevant National Roaming Market; (ii) Reference Offer for developing Personal Mobile Service – SMP through Virtual Network MVNO – (“ORPA de MVNO”); (iii) Offer of Temporary and Onerous Assignment of Radio Frequency Use Rights; and (iv) Industrial Network Exploration Offer.</div><div style="padding-left:18pt">Regarding the Reference Offer, of Wholesale National Roaming Products (“National Roaming ORPA”), the regulatory remedy uses as a basis the reference values approved and calculated by ANATEL, based on a new methodology to study the roaming market cost model (LRIC + bottom-up model – Act No. 8822/2022). As a result of the change in the methodology used, the new reference values show a significant reduction when compared to the reference values previously in force (FAC-HCA top down model – Act No. 9157/2018).</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Still on the Offers mentioned above, specifically the MVNO ORPA and the National Roaming ORPA (“ORPAs”), they were being debated within the scope of ANATEL to discuss the following concepts: (i) Requirement of Exclusivity of Contracting Companies: ANATEL decided, for MVNO LTRO, that the exclusivity requirement violates Res. 550/2010 and therefore cannot be maintained as a condition. For the Roaming LTRO, exclusivity may only be required in cases of contracting (a) National Roaming under an Industrial Exploration regime and (b) conventional National Roaming (transitional use) only on the 5GSA network; and (ii) Collection of Minimum Monthly Deductible: ANATEL decided that in both LTROs the minimum monthly deductible cannot be charged for a period of 05 (five) years.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company currently has contracts signed with the possibility of charging the minimum monthly franchise both in the National Roaming market and in the MVNO market, so that current contracts, depending on the contracting companies, can be migrated to the new updated offers.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Generally, the adoption of disproportionately asymmetric measures and the prospect of adoption, by ANATEL, of concepts, prices and remuneration models may impact remuneration and costs, causing considerable harm to the business, financial condition, revenues, results operations and prospects of the Company.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">As to the interconnection fees, an important part of the Company's revenue and cost bases, these are charged among telecommunications service providers in order to allow and remunerate the interconnected use of their networks. To the extent that changes to the rules governing interconnection fees reduce the fees of the Company or its ability to collect such fees, the Company's businesses, financial condition, revenues, results of operations and prospects could be adversely affected. </div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">In addition, the Company is also subject to changes in rules and regulations aimed at preserving the rights of consumers of telecommunications services. In this sense, it should be added that ANATEL published, in November 2023, the new General Regulation on Consumer Rights (“RGC”), through Resolution No. 765/2023, which will replace Resolution No. 632/2014. This new Regulation changes some provisions in a more relevant way, such as the way telecommunications service offers are made and the rules for blocking due to default, in addition to updating/modernizing some service rules.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Therefore, the Company's business, results of operations, revenues and financial conditions could be negatively affected by the actions of the Brazilian authorities, including, in particular, the following: the introduction of new or less flexible operational and/or service requirements; the granting of operating licenses in the Company's areas; limitations on interconnection fees the Company can charge to other telecommunications service providers; imposition of significant sanctions or penalties for failure to comply with regulatory obligations; delays in the granting of, or the failure to grant, approvals for rate increases; and antitrust limitations imposed by ANATEL and CADE.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.7)Insurance Coverage</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The policy of the Company and its subsidiaries, as well as the Telefónica Group, is to contract insurance coverage for all significant assets and liabilities of high-risk based on Management's judgment and following Telefónica corporate program guidelines.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the maximum limits of claims (established pursuant to the agreements of each entity consolidated by the Company) for significant assets, liabilities or interests covered by insurance and their respective total R$900,000 for operational risks (including business interruption) and R$75,000 for general civil liability.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The independent auditors' scope of work does not cover reviewing the sufficiency of the insurance coverage, which was determined by the Company's Management and which it considers sufficient to cover potential claims.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:40.5pt;text-indent:-22.5pt">f.8)Compliance</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company is subject to compliance with national legislation related to combating corruption, in particular Law No. 12,846/2013 and Decree No. 11,129/2022, as well as foreign legislation relating to the same topic in the jurisdictions in which it operates as a securities issuer and securities, more specifically the US Foreign Corrupt Practice Act – FCPA of 1977.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">Violations of legislation aimed at combating corruption may result in financial penalties, damage to reputation and other legal consequences that may negatively affect the Company's activities, the results of its operations or its financial condition.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company has internal policies and procedures designed to prevent, detect and remedy non-compliance with these laws by the Company's directors, officers, partners, executives, representatives and service providers and develops and implements initiatives to ensure continuous improvement of its Compliance Program, through a robust organizational and governance structure that guarantees operations based on ethics, transparency and respect for applicable laws and regulations.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">As a result of the Company's commitment to maintaining a robust Compliance Program, the Company obtained the DSC 10,000 certificate - Guidelines for the Compliance System (valid until December 14, 2024) in the years 2020, 2021, 2022 and 2023. The certificate DSC 10.00 highlights the evolution of its Compliance Program over the last few years. Furthermore, in 2023, the Company also received Pro Ética recognition, an initiative from the Comptroller General of the Union (CGU) that publicly recognizes companies that practice voluntary integrity practices.</div>

CY2023

viv

Number Of Collection Cycles

NumberOfCollectionCycles

24

CY2023

ifrs-full

Transfers Out Of Level1 Into Level2 Of Fair Value Hierarchy Assets

TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets

0

brl

CY2023Q4

viv

Derivative Number Of Instruments Held For Trading

DerivativeNumberOfInstrumentsHeldForTrading

0

CY2023Q4

viv

Embedded Derivative Number Of Instruments Held

EmbeddedDerivativeNumberOfInstrumentsHeld

0

CY2023Q4

viv

Derivative Assets Liabilities Net

DerivativeAssetsLiabilitiesNet

-9415000

brl

CY2023

ifrs-full

Gain Loss On Hedge Ineffectiveness

GainLossOnHedgeIneffectiveness

110089

brl

CY2022

ifrs-full

Gain Loss On Hedge Ineffectiveness

GainLossOnHedgeIneffectiveness

105522

brl

CY2023

viv

Percentage Of Risk Deterioration For Scenario One

PercentageOfRiskDeteriorationForScenarioOne

0.25

CY2022

viv

Percentage Of Risk Deterioration For Scenario One

PercentageOfRiskDeteriorationForScenarioOne

0.50

CY2023Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

4358276000

brl

CY2022Q4

ifrs-full

Cash And Cash Equivalents

CashAndCashEquivalents

2273834000

brl

CY2023Q4

viv

Ifrs Financial Investments

IfrsFinancialInvestments

1148000

brl

CY2022Q4

viv

Ifrs Financial Investments

IfrsFinancialInvestments

1016000

brl

CY2023Q4

viv

Accounts Receivable Fidc

AccountsReceivableFIDC

208194000

brl

CY2022Q4

viv

Accounts Receivable Fidc

AccountsReceivableFIDC

158259000

brl

CY2022Q4

viv

Judicial Deposit For Business Acquisition

JudicialDepositForBusinessAcquisition

522297000

brl

CY2023Q4

ifrs-full

Borrowings

18737227000

brl

CY2022Q4

ifrs-full

Borrowings

19301796000

brl

CY2023Q4

viv

Derivative Assets Liabilities Net

DerivativeAssetsLiabilitiesNet

-9415000

brl

CY2022Q4

viv

Derivative Assets Liabilities Net

DerivativeAssetsLiabilitiesNet

-6118000

brl

CY2023

viv

Net Debt To Equity Ratio

NetDebtToEquityRatio

0.2036

CY2022

viv

Net Debt To Equity Ratio

NetDebtToEquityRatio

0.2389

CY2023Q4

viv

Amount Payable To Cover Net Balance Of Rights And Obligations

AmountPayableToCoverNetBalanceOfRightsAndObligations

33796

usd

CY2023Q4

viv

Amount Payable To Cover Net Balance Of Rights And Obligations

AmountPayableToCoverNetBalanceOfRightsAndObligations

18409

eur

CY2023Q4

viv

Amount Payable To Cover Net Balance Of Rights And Obligations

AmountPayableToCoverNetBalanceOfRightsAndObligations

66

brl

CY2022Q4

viv

Amount Payable To Cover Net Balance Of Rights And Obligations

AmountPayableToCoverNetBalanceOfRightsAndObligations

26979

usd

CY2022Q4

viv

Amount Payable To Cover Net Balance Of Rights And Obligations

AmountPayableToCoverNetBalanceOfRightsAndObligations

17264

eur

CY2022Q4

viv

Amount Payable To Cover Net Balance Of Rights And Obligations

AmountPayableToCoverNetBalanceOfRightsAndObligations

66

brl

CY2023Q4

ifrs-full

Shortterm Investments Classified As Cash Equivalents

ShorttermInvestmentsClassifiedAsCashEquivalents

4289932000

brl

CY2022Q4

ifrs-full

Shortterm Investments Classified As Cash Equivalents

ShorttermInvestmentsClassifiedAsCashEquivalents

2220385000

brl

CY2023Q4

viv

Maximum Coverage Of Insurance Claims Operational Risks

MaximumCoverageOfInsuranceClaimsOperationalRisks

900000

brl

CY2023Q4

viv

Maximum Coverage Of Insurance Claims General Civil Liability Risks

MaximumCoverageOfInsuranceClaimsGeneralCivilLiabilityRisks

75000

brl

CY2023

viv

Number Of Installments For Payments Offered To Customers Covid19

NumberOfInstallmentsForPaymentsOfferedToCustomersCovid19

10000

CY2023

ifrs-full

Disclosure Of Cash Flow Statement Explanatory

DisclosureOfCashFlowStatementExplanatory

ADDITIONAL INFORMATION ON CASH FLOWS<div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The following is a reconciliation of the consolidated cash flow financing activities for the year ended December 31, 2023, and 2022.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:17.434%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.384%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Cash flows from financing activities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Cash flows from operating activities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Financing activities not involving cash and cash equivalents</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2022</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Additions</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Write-offs (payments)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Write-offs (payments)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Financial charges, fair value, monetary and exchange rate updates, write-offs and reversals</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Additions (cancellations) of leases contracts and supplier financing</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Business combination</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Interim and unclaimed dividends and interest on equity </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2023</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Interim dividends and interest on equity </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,187,417 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3,832,612)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,893,079 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,247,884 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Loans and financing</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,073,090 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,025 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,056,060)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(34,236)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">17,206 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,025 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Leases</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,032,603 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,754,909)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,481,392)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,392,570 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,407,167 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13,596,039 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debentures </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,736,833 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(501,765)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">486,521 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,721,589 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities for the acquisition of a company</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">615,299 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,038)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,973)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,070 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(561,285)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,815 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">88,888 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">5G Licences</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,843,971 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(616,936)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(31,912)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">105,563 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,300,686 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative financial instruments</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,118 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(107,714)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(7,439)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">118,450 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,415 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,495,331 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">30,025 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,392,269)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,061,717)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,158,380 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,845,882 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25,815 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,893,079 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">20,994,526 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:17.434%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.377%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.384%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Cash flows from financing activities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Cash flows from operating activities</td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Financing activities not involving cash and cash equivalents</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2021</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Additions</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Write-offs (payments)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Write-offs (payments)</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Financial charges, foreign exchange variation</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Additions (cancellations) of leases contracts and supplier financing</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Business combination</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Interim and unclaimed dividends and interest on equity </td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance on 12.31.2022</td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Interim dividends and interest on equity </td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,265,715 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5,709,263)</td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,630,965 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,187,417 </td><td style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Loans and financing</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">224,610 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,000,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(224,606)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(23,481)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">96,567 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,073,090 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Leases</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,230,099 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,940,222)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,300,792)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,292,376 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,162,118 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">589,024 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,032,603 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Debentures </td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,028,463 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,500,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,000,000)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(39,011)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">247,381 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,736,833 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Liabilities for the acquisition of a company</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(100,000)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">39,488 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">675,811 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">615,299 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">5G Licences</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,450,806 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2,721,392)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(168,227)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">282,784 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,843,971 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Derivative financial instruments</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12,676 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(111,042)</td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">104,484 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6,118 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">21,212,369 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,500,000 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(12,806,525)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,531,511)</td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,063,080 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,162,118 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,264,835 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,630,965 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,495,331 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>

CY2022Q4

viv

Reconciliation Of Cash Flow Financing Activities

ReconciliationOfCashFlowFinancingActivities

22495331000

brl

CY2023

viv

Cash Flows From Financing Activities Additions

CashFlowsFromFinancingActivitiesAdditions

30025000

brl

CY2023

viv

Cash Flows From Financing Activities Write Offs Payments

CashFlowsFromFinancingActivitiesWriteOffsPayments

-8392269000

brl

CY2023

viv

Cash Flows From Operating Activities Write Offs Payments

CashFlowsFromOperatingActivitiesWriteOffsPayments

-2061717000

brl

CY2023

viv

Financing Activities Not Involving Cash And Cash Equivalents Financial Charges And Foreign Exchange Variation

FinancingActivitiesNotInvolvingCashAndCashEquivalentsFinancialChargesAndForeignExchangeVariation

2158380000

brl

CY2023

viv

Financing Activities Not Involving Cash And Cash Equivalents Additions Of Financial Lease And Supplier Financing

FinancingActivitiesNotInvolvingCashAndCashEquivalentsAdditionsOfFinancialLeaseAndSupplierFinancing

3845882000

brl

CY2023

viv

Financing Activities Not Involving Cash And Cash Equivalents Business Combination

FinancingActivitiesNotInvolvingCashAndCashEquivalentsBusinessCombination

25815000

brl

CY2023

viv

Financing Activities Not Involving Cash And Cash Equivalents Interim And Unclaimed Dividends And Interest On Equity

FinancingActivitiesNotInvolvingCashAndCashEquivalentsInterimAndUnclaimedDividendsAndInterestOnEquity

2893079000

brl

CY2023Q4

viv

Reconciliation Of Cash Flow Financing Activities

ReconciliationOfCashFlowFinancingActivities

20994526000

brl

CY2021Q4

viv

Reconciliation Of Cash Flow Financing Activities

ReconciliationOfCashFlowFinancingActivities

21212369000

brl

CY2022

viv

Cash Flows From Financing Activities Additions

CashFlowsFromFinancingActivitiesAdditions

4500000000

brl

CY2022

viv

Cash Flows From Financing Activities Write Offs Payments

CashFlowsFromFinancingActivitiesWriteOffsPayments

-12806525000

brl

CY2022

viv

Cash Flows From Operating Activities Write Offs Payments

CashFlowsFromOperatingActivitiesWriteOffsPayments

-1531511000

brl

CY2022

viv

Financing Activities Not Involving Cash And Cash Equivalents Financial Charges And Foreign Exchange Variation

FinancingActivitiesNotInvolvingCashAndCashEquivalentsFinancialChargesAndForeignExchangeVariation

2063080000

brl

CY2022

viv

Financing Activities Not Involving Cash And Cash Equivalents Additions Of Financial Lease And Supplier Financing

FinancingActivitiesNotInvolvingCashAndCashEquivalentsAdditionsOfFinancialLeaseAndSupplierFinancing

3162118000

brl

CY2022

viv

Financing Activities Not Involving Cash And Cash Equivalents Business Combination

FinancingActivitiesNotInvolvingCashAndCashEquivalentsBusinessCombination

1264835000

brl

CY2022

viv

Financing Activities Not Involving Cash And Cash Equivalents Interim And Unclaimed Dividends And Interest On Equity

FinancingActivitiesNotInvolvingCashAndCashEquivalentsInterimAndUnclaimedDividendsAndInterestOnEquity

4630965000

brl

CY2022Q4

viv

Reconciliation Of Cash Flow Financing Activities

ReconciliationOfCashFlowFinancingActivities

22495331000

brl

CY2023

ifrs-full

Disclosure Of Commitments Explanatory

DisclosureOfCommitmentsExplanatory

CONTRACTUAL COMMITMENTS AND GUARANTEES<div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">a)Contractual commitments</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">The Company has unrecognized contractual commitments arising from the purchase of goods and services, which mature on several dates, with monthly payments.</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the total consolidated nominal values equivalent to the full contract period were:</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:84.963%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Year</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,015,822 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2025</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">749,362 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2026</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">438,382 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">358,300 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2028</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">334,504 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2029 onwards</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">730,684 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div>Total(1)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,627,054 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Includes R$154.4 millions, referring to contracts for the provision of security services with Telefónica Cybersecurity Tech, S.L.U. (“CyberCo”) and its subsidiaries, companies of the Telefónica Group.</div><div style="margin-bottom:5pt;margin-top:10pt;padding-left:18pt;text-indent:-18pt">b)Guarantees</div><div style="margin-bottom:10pt;padding-left:18pt;text-align:justify">On December 31, 2023, the Company had guarantees for several commitments with ANATEL, suppliers and legal proceedings:</div><div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:84.963%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Insurance of guarantee(1)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">26,935,174 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Letters of guarantee</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,596,336 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Judicial deposits and garnishments (Note 10)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,911,929 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Property and equipment (Note 13.f)</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">101,220 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">Financial investments in guarantee of lawsuits (Note 4)</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36,169 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34,580,828 </td><td style="background-color:#ffffff;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)These refer to insurance amounts contracted to ensure the continuity of legal proceedings (<a href="#i56d0c5632e91422790ffd650ccd24ab8_295" style="color:#000000;font-family:'Frutiger LT 45 Light',sans-serif;font-size:6pt;font-weight:400;line-height:112%;text-decoration:none">note</a> 20).</div>

CY2023

viv

Schedule Of Maturity Analysis Contractual Commitments Tabletext Block

ScheduleOfMaturityAnalysisContractualCommitmentsTabletextBlock

<div style="padding-left:18pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.666%"><tr><td style="width:1.0%"></td><td style="width:84.963%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.263%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom">Year</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#eeefef;border-top:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2024</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,015,822 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2025</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">749,362 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2026</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">438,382 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2027</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">358,300 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2028</td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">334,504 </td><td style="background-color:#eeefef;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:middle">2029 onwards</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">730,684 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#eeefef;padding:2px 1pt;text-align:left;vertical-align:middle"><div>Total(1)</div></td><td colspan="3" style="background-color:#eeefef;padding:0 1pt"></td><td colspan="2" style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,627,054 </td><td style="background-color:#eeefef;border-bottom:2pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:35.43pt;text-align:justify;text-indent:-17.86pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.166%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #00497f;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:20pt;padding-left:36pt;text-align:justify;text-indent:-18pt">(1)Includes R$154.4 millions, referring to contracts for the provision of security services with Telefónica Cybersecurity Tech, S.L.U. (“CyberCo”) and its subsidiaries, companies of the Telefónica Group.</div>

CY2023Q4

viv

Contractual Commitments For Purchase Of Goods And Services

ContractualCommitmentsForPurchaseOfGoodsAndServices

3627054000

brl

CY2023Q4

ifrs-full

Property Plant And Equipment Pledged As Security

PropertyPlantAndEquipmentPledgedAsSecurity

101220000

brl

CY2023Q4

viv

Ifrs Guarantee Obligations Carrying Value

IfrsGuaranteeObligationsCarryingValue

34580828000

brl

CY2023

ifrs-full

Disclosure Of Events After Reporting Period Explanatory

DisclosureOfEventsAfterReportingPeriodExplanatory

SUBSEQUENT EVENTSa)

CY2023

viv

Share Capital Reduction

ShareCapitalReduction

1500000000

brl

CY2023Q4

ifrs-full

Issued Capital

IssuedCapital

63571416000

brl

CY2023

viv

Refunding To Shareholders

RefundingToShareholders

0.90766944153

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$VIV
TELEFONICA BRASIL S.A. Stock $viv

2023 Q4 Form 20-F Financial Statement

#000162828024006357 Filed on February 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

Name	View Source	Status
0001628280-24-006357-index-headers.html	Edgar Link	pending
0001628280-24-006357-index.html	Edgar Link	pending
0001628280-24-006357.txt	Edgar Link	pending
0001628280-24-006357-xbrl.zip	Edgar Link	pending
exhibit11-bylaws.htm	Edgar Link	pending
exhibit121-telefonicabrasi.htm	Edgar Link	pending
exhibit122-telefonicabrasi.htm	Edgar Link	pending
exhibit131-telefonicabrasi.htm	Edgar Link	pending
exhibit132-telefonicabrasi.htm	Edgar Link	pending
exhibit22-telefonicabrasil.htm	Edgar Link	pending
exhibit81-telefonicabrasil.htm	Edgar Link	pending
exhibit971-cbpolicytelefni.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
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viv-20231231.htm	Edgar Link	pending
viv-20231231.xsd	Edgar Link	pending
viv-20231231_g1.jpg	Edgar Link	pending
viv-20231231_def.xml	Edgar Link	unprocessable
viv-20231231_lab.xml	Edgar Link	unprocessable
viv-20231231_pre.xml	Edgar Link	unprocessable
viv-20231231_htm.xml	Edgar Link	completed
viv-20231231_cal.xml	Edgar Link	unprocessable

$VIV TELEFONICA BRASIL S.A. Stock $viv

2023 Q4 Form 20-F Financial Statement

#000162828024006357 Filed on February 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VIV
TELEFONICA BRASIL S.A. Stock $viv