Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 166

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 166
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,034 101,289 40,446 39,901 80,347
Accumulated amortization ( 30,096) ( 7,875) ( 37,971) ( 16,683) ( 5,777) ( 22,460)
(i)
The additions of the year include USD
19,809
related to capitalized salaries and wages (USD
16,694
as of December 31, 2023
).
At December 31, 2024 and 2023 no indicator of impairment related to intangible assets existed, so the Group did not perform an impairment test. Refer to Note 2.8: Intangible assets and Note 2.9: Impairment of non-financial assets for further detail related to the Group’s accounting policies related to the accounting for intangible assets.

21.
Trade and Other Payables
Trade and Other Payables are composed of the following:
2024 2023
─────────────────────────────────────────────────────────────────────
Trade Payables 562,749 572,394
Accrued Liabilities 9,895 10,192
Other Payables 25,143 19,907
Total 597,787 602,493
Trade and other payables are classified as current liabilities as the payment is due within one year or less. Moreover, the carrying amounts are considered to be the same as fair values, due to their short - term nature.
Trade Payables correspond to liabilities owed to Merchants, either related to pay-in transactions processed or payout transactions pending at their request. Accrued Liabilities primarily consist of obligations to legal and tax advisors, as well as auditors. Other Payables include general administrative expenses and other obligations.

22.
Financial Liabilities
Financial liabilities breakdown is as follows:
2024 2023
──────────────────────────────────────────────────────
Borrowings (i) (ii) 39,768 - 
Bank overdraft (iii) 10,687 - 
Total Finance Liability (iv) 50,455 - 
(i) As of December 31, 2024, dLocal entered into borrowing agreements in Argentinean Pesos (AR$) with a financial institution in Argentina to grant advances to merchants. The amount and interest rate of the borrowing is agreed on a daily basis. The interest expense for the twelve-month year ended December 31, 2024, amounts USD2,308 thousands. In addition, Argentina Treasury