Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 172

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 16K
Chunk 172
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 with our legal advisors in Argentina regarding the applicability of these regulations to our operations. Additionally, in 2023, certain administrative and judicial inquiries were initiated concerning our Argentinean subsidiary, dLocal Argentina S. A. These inquiries do not seek penalties at this stage. Based on consultations with our legal advisors, we believe our activities comply with applicable laws and regulations, including foreign exchange and tax regulations. As of the date of this filing, no new developments have emerged in 2024 regarding these matters.

F-44

26.
Other contingent assets, liabilities and commitments
As of December 31, 2024 and 2023, the Group hadno outstanding contingent assets or liabilities, except for the labor contingencies detailed in Note 25: Provisions.
As of December 31, 2024, the Group had USD6,966(USD11,635 as of December 31, 2023) of its own funds and investments held in escrow and guarantees required by processors, credit cards and merchants, included within the line item “ Other assets”.

27.
Offsetting financial assets and financial liabilities
When certain criteria are met, financial assets and liabilities are offset and presented on a net basis in the Consolidated Statement of Financial Position. Amounts presented in the Consolidated Statement of Financial Position are offset when the Group currently has a legally enforceable right to offset the recognized amounts, and the Group intends to settle the asset and liability on a net basis or has the ability to realize the asset and settle the liability simultaneously.
The following table presents the recognized financial instruments that are offset as atDecember 31, 2024 and 2023:
Effects of offsetting on the Consolidated
Statements of Financial Position
Gross amounts Net amounts
2024 Gross amounts set off presented
Financial assets USD USD USD
Cash and cash equivalents 425,172 - 425,172
Financial assets at FVPL 129,319 - 129,319
Trade and other receivables 504,529 ( 7,816 496,713
Derivative financial instruments 2,874 - 2,874
Other assets 18,805 - 18,805
Total 1,080,699 ( 7,816 1,072,883
Financial liabilities
Trade and other payables 614,762 ( 16,975 597,787
Lease Liabilities 4,000 - 4,000
Derivative financial instruments 6,227 - 6,