Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 162

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 162
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 of the Group are composed of the following:
Current
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Trade receivables 457,312 319,921
Loss allowance ( 148 ( 459
Trade receivables net 457,164 319,462
Advances and other receivables 39,549 43,912
Total Current Trade and Other Receivables 496,713 363,374
Non current
Advances and other receivables 18,044 - 
Total Non Current Trade and Other Receivables 18,044 - 
Trade Receivables represent uncollateralized amounts due from acquirers, processors, merchants and preferred suppliers for services performed that will be collected in less than one year. As a result, they are classified as current. No financial assets are past due. All Trade and other receivables have been assigned in “normal” credit risk rating which applies to financial assets for which a significant increase in credit risk has not occurred since initial recognition.
Advances and other receivables include payments made in advance as well as tax credits.
For further information refer to Note 30: Financial risk management - Impairment of financial assets.

F-36

Loss allowance and impairment losses
The following table presents the evolution of the Group’s loss allowance:
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As of January 1 ( 459 ( 280
Decrease/(increase) in loss allowance for trade receivables ( 440 ( 318
Write-off 751 139
As of December 31 ( 148 ( 459
Net impairment (loss) for trade receivables ( 440 ( 318
I nitial recognition and subsequent measurement the Group applies the simplified approach to determine expected credit losses on trade receivables.
To measure the expected credit losses, trade and other receivables have been grouped based on shared credit risk characteristics and the days past due.
The expected loss rates are based on the payment profiles of debtors over a period of 48 months before year end and the corresponding historical credit losses experienced within this period. The historical loss rate is adjusted to reflect current and forward-looking information on credit risk ratings of the countries in which the Group sells its services which affects the ability of the debtors to settle the receivables. On that basis, the average expected credit loss rate was determined at0.1% for December 31, 2024(0.2%