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  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00184": {
   "value": "<span>1. </span><div class=\"t s3_27\" id=\"t7_27\" style=\"left:163px;bottom:963px;letter-spacing:0.21px;display:inline;\">Introdu\u00e7\u00e3o </div><div class=\"t s0_27\" id=\"t8_27\" style=\"left:143px;bottom:929px;letter-spacing:-0.05px;word-spacing:6.32px;display:inline;\">A PHAROL \u2013 Sociedade Gestora de Participa\u00e7\u00f5es Sociais, <span>S.A.</span>, (\u201cPHAROL\u201d, \u201cEmpresa\u201d ou </div><div class=\"t s0_27\" id=\"t9_27\" style=\"left:143px;bottom:905px;letter-spacing:-0.01px;word-spacing:0.29px;display:inline;\">\u201cCompanhia\u201d) tem sede na Rua Gorgel do Amaral, n\u00ba4, CV Esq\u00aa 1250-119 Lisboa, <span>Portugal</span>, <span>e tem </span></div><div class=\"t s0_27\" id=\"ta_27\" style=\"left:143px;bottom:882px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\"><span>como atividade e objectivo principal a gest\u00e3o de participa\u00e7\u00f5es sociais noutras sociedades.</span> </div><div class=\"t s0_27\" id=\"tb_27\" style=\"left:143px;bottom:844px;letter-spacing:-0.04px;display:inline;\">O Grupo PHAROL (\u201cGrupo\u201d) \u00e9 constitu\u00eddo pela PHAROL e Empresas subsidi\u00e1rias (Nota 2). </div><div class=\"t s0_27\" id=\"tc_27\" style=\"left:143px;bottom:806px;letter-spacing:-0.04px;word-spacing:0.78px;display:inline;\">As a\u00e7\u00f5es da PHAROL encontram-se cotadas da Euronext Lisbon \u2013 Sociedade Gestora de Mercados </div><div class=\"t s0_27\" id=\"td_27\" style=\"left:143px;bottom:782px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Regulamentados S.A.. </div><div class=\"t s0_27\" id=\"te_27\" style=\"left:143px;bottom:744px;letter-spacing:-0.03px;word-spacing:4.73px;display:inline;\">Estas demonstra\u00e7\u00f5es financeiras consolidadas, foram autorizadas para publica\u00e7\u00e3o em 26 de </div><div class=\"t s0_27\" id=\"tf_27\" style=\"left:143px;bottom:721px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">fevereiro de 2026. </div><div class=\"t s0_27\" id=\"tg_27\" style=\"left:143px;bottom:683px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">Com base nos acordos celebrados em 30 de mar\u00e7o de 2015 entre a PHAROL e a Oi, a PHAROL desde </div><div class=\"t s0_27\" id=\"th_27\" style=\"left:143px;bottom:659px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">esta data que det\u00e9m os instrumentos de d\u00edvida da Rio Forte com um valor nominal de 897 milh\u00f5es </div><span>de Euros, atualmente valorizados por 51,9 milh\u00f5es de Euros.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
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   "value": "PHAROL \u2013 Sociedade Gestora de Participa\u00e7\u00f5es Sociais, S.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
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  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00183": {
   "value": "S.A.",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00178": {
   "value": "Rua Gorgel do Amaral, n\u00ba4, CV Esq\u00aa 1250-119 Lisboa, Portugal",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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   "value": "Portugal",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
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   "value": "Portugal",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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   "value": "Portugal",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
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  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00180": {
   "value": "e tem como atividade e objectivo principal a gest\u00e3o de participa\u00e7\u00f5es sociais noutras sociedades.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00189": {
   "value": "<span>2. </span><div class=\"t s3_27\" id=\"tk_27\" style=\"left:163px;bottom:558px;letter-spacing:0.22px;display:inline;\">Bases de apresenta\u00e7\u00e3o </div><div class=\"t s0_27\" id=\"tl_27\" style=\"left:143px;bottom:523px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\"><span>As demonstra\u00e7\u00f5es financeiras consolidadas para o exerc\u00edcio findo em 31 de dezembro de 2025 foram </span></div><div class=\"t s0_27\" id=\"tm_27\" style=\"left:143px;bottom:500px;letter-spacing:-0.03px;word-spacing:-0.44px;display:inline;\">aprovadas pelo Conselho de Administra\u00e7\u00e3o e autorizadas para emiss\u00e3o em 26 de fevereiro de 2026, </div><div class=\"t s0_27\" id=\"tn_27\" style=\"left:143px;bottom:476px;letter-spacing:-0.05px;word-spacing:4.48px;display:inline;\">estando ainda sujeitas \u00e0 aprova\u00e7\u00e3o em Assembleia Geral de Acionistas, conforme legisla\u00e7\u00e3o </div><div class=\"t s0_27\" id=\"to_27\" style=\"left:143px;bottom:453px;display:inline;\"><span>aplic\u00e1vel.</span> </div><div class=\"t s0_27\" id=\"tp_27\" style=\"left:143px;bottom:415px;letter-spacing:-0.03px;word-spacing:2.86px;display:inline;\">As demonstra\u00e7\u00f5es financeiras consolidadas s\u00e3o apresentadas em euros, por esta ser a moeda </div><div class=\"t s0_27\" id=\"tq_27\" style=\"left:143px;bottom:391px;letter-spacing:-0.03px;word-spacing:5.92px;display:inline;\">funcional da PHAROL SGPS S.A.. As demonstra\u00e7\u00f5es financeiras das empresas participadas </div><div class=\"t s0_27\" id=\"tr_27\" style=\"left:143px;bottom:368px;letter-spacing:-0.04px;word-spacing:3.03px;display:inline;\">denominadas em moeda estrangeira foram convertidas para Euros de acordo com as pol\u00edticas </div><div class=\"t s0_27\" id=\"ts_27\" style=\"left:143px;bottom:344px;letter-spacing:-0.03px;word-spacing:0.01px;display:inline;\">contabil\u00edsticas descritas na Nota 3. </div><div class=\"t s0_27\" id=\"tt_27\" style=\"left:143px;bottom:306px;letter-spacing:-0.03px;word-spacing:0.98px;display:inline;\"><span>As demonstra\u00e7\u00f5es financeiras consolidadas da PHAROL SGPS foram elaboradas de acordo com as </span></div><div class=\"t s0_27\" id=\"tu_27\" style=\"left:143px;bottom:283px;letter-spacing:-0.04px;word-spacing:3.4px;display:inline;\">Normas Internacionais de Relato Financeiro (\u201cIFRS\u201d), tal como adotadas pela Uni\u00e3o Europeia, </div><div class=\"t s0_27\" id=\"tv_27\" style=\"left:143px;bottom:259px;letter-spacing:-0.03px;word-spacing:2.63px;display:inline;\">incluindo todas as interpreta\u00e7\u00f5es do International Financial Reporting Interpretation Committee </div><div class=\"t s0_27\" id=\"tw_27\" style=\"left:143px;bottom:236px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\"><span>(\u201cIFRIC\u201d) que estavam em vigor em 1 de Janeiro de 2025, aprovadas pela Uni\u00e3o Europeia (UE).</span> </div><div class=\"t s0_27\" id=\"tx_27\" style=\"left:143px;bottom:198px;letter-spacing:-0.03px;word-spacing:0.78px;display:inline;\"><span>As demonstra\u00e7\u00f5es financeiras consolidadas foram preparadas no pressuposto da continuidade das </span></div><div class=\"t s0_27\" id=\"ty_27\" style=\"left:143px;bottom:174px;letter-spacing:-0.02px;display:inline;\"><span>opera\u00e7\u00f5es.</span> </div><div></div><div class=\"t s0_28\" id=\"t3_28\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:3.16px;display:inline;\">Na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras consolidadas, em conformidade com as IFRS, o </div><div class=\"t s0_28\" id=\"t4_28\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:3.53px;display:inline;\">Conselho de Administra\u00e7\u00e3o adotou certos pressupostos e estimativas que afetam os ativos e </div><div class=\"t s0_28\" id=\"t5_28\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">passivos reportados, bem como os proveitos e custos relativos aos per\u00edodos reportados (Nota 3). </div><div class=\"t s1_28\" id=\"t6_28\" style=\"left:164px;bottom:1003px;letter-spacing:-0.05px;display:inline;\">a) </div><div class=\"t s1_28\" id=\"t7_28\" style=\"left:190px;bottom:1003px;letter-spacing:-0.05px;word-spacing:0.12px;display:inline;\">Princ\u00edpios de consolida\u00e7\u00e3o </div><div class=\"t s2_28\" id=\"t8_28\" style=\"left:195px;bottom:965px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\"><span>Empresas controladas </span></div><div class=\"t s0_28\" id=\"t9_28\" style=\"left:143px;bottom:927px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">A PHAROL SGPS S.A. consolidou integralmente as demonstra\u00e7\u00f5es financeiras de todas as empresas </div><div class=\"t s0_28\" id=\"ta_28\" style=\"left:143px;bottom:904px;letter-spacing:-0.03px;word-spacing:-0.26px;display:inline;\">controladas. Considera-se existir controlo quando o Grupo est\u00e1 exposto, ou tem direitos, a retornos </div><div class=\"t s0_28\" id=\"tb_28\" style=\"left:143px;bottom:880px;letter-spacing:-0.01px;word-spacing:-0.65px;display:inline;\">vari\u00e1veis decorrentes do seu envolvimento com a empresa participada e tem a capacidade de afetar </div><div class=\"t s0_28\" id=\"tc_28\" style=\"left:143px;bottom:856px;letter-spacing:-0.03px;word-spacing:0.27px;display:inline;\">esses mesmos retornos atrav\u00e9s do poder que exerce sobre essa empresa. Nas situa\u00e7\u00f5es em que o </div><div class=\"t s0_28\" id=\"td_28\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:0.19px;display:inline;\">Grupo detenha, em subst\u00e2ncia, o controlo de outras entidades constitu\u00eddas com um fim espec\u00edfico, </div><div class=\"t s0_28\" id=\"te_28\" style=\"left:143px;bottom:809px;letter-spacing:-0.02px;word-spacing:0.26px;display:inline;\">ainda que n\u00e3o possua a maioria dos direitos de voto, as mesmas s\u00e3o consolidadas pelo m\u00e9todo de </div><div class=\"t s0_28\" id=\"tf_28\" style=\"left:143px;bottom:786px;letter-spacing:-0.04px;word-spacing:0.11px;display:inline;\">consolida\u00e7\u00e3o integral. </div><div class=\"t s0_28\" id=\"tg_28\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:-0.52px;display:inline;\">Quando existente, a participa\u00e7\u00e3o de terceiros no capital pr\u00f3prio e no resultado l\u00edquido das empresas </div><div class=\"t s0_28\" id=\"th_28\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:0.64px;display:inline;\">inclu\u00eddas na consolida\u00e7\u00e3o \u00e9 apresentada separadamente na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_28\" id=\"ti_28\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:0.05px;display:inline;\">Financeira e na Demonstra\u00e7\u00e3o Consolidada dos Resultados, respetivamente, na rubrica \u201cInteresses </div><div class=\"t s0_28\" id=\"tj_28\" style=\"left:143px;bottom:677px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">n\u00e3o controladores\u201d. </div><div class=\"t s0_28\" id=\"tk_28\" style=\"left:143px;bottom:639px;letter-spacing:-0.03px;word-spacing:-0.55px;display:inline;\">Os ativos, passivos e passivos contingentes de uma subsidi\u00e1ria s\u00e3o mensurados pelo respetivo justo </div><div class=\"t s0_28\" id=\"tl_28\" style=\"left:143px;bottom:616px;letter-spacing:-0.03px;word-spacing:0.66px;display:inline;\">valor na data de aquisi\u00e7\u00e3o. Qualquer excesso do custo de aquisi\u00e7\u00e3o sobre o justo valor dos ativos </div><div class=\"t s0_28\" id=\"tm_28\" style=\"left:143px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.82px;display:inline;\">l\u00edquidos identific\u00e1veis \u00e9 registado como </div><div class=\"t s3_28\" id=\"tn_28\" style=\"left:400px;bottom:592px;letter-spacing:-0.04px;display:inline;\">goodwill</div><div class=\"t s0_28\" id=\"to_28\" style=\"left:453px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.82px;display:inline;\">. Nos casos em que o custo de aquisi\u00e7\u00e3o seja inferior </div><div class=\"t s0_28\" id=\"tp_28\" style=\"left:143px;bottom:568px;word-spacing:1.74px;display:inline;\">ao justo valor dos ativos l\u00edquidos identificados, a diferen\u00e7a apurada \u00e9 registada como ganho na </div><div class=\"t s0_28\" id=\"tq_28\" style=\"left:143px;bottom:545px;letter-spacing:-0.05px;word-spacing:7.37px;display:inline;\">Demonstra\u00e7\u00e3o Consolidada dos Resultados do exerc\u00edcio. Os interesses de acionistas n\u00e3o </div><div class=\"t s0_28\" id=\"tr_28\" style=\"left:143px;bottom:521px;letter-spacing:-0.03px;word-spacing:3.21px;display:inline;\">controladores s\u00e3o apresentados pela respetiva propor\u00e7\u00e3o do justo valor dos ativos e passivos </div><div class=\"t s0_28\" id=\"ts_28\" style=\"left:143px;bottom:498px;letter-spacing:-0.01px;display:inline;\">identificados. </div><div class=\"t s0_28\" id=\"tt_28\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:0.55px;display:inline;\">Os resultados das empresas subsidi\u00e1rias adquiridas ou vendidas durante o per\u00edodo est\u00e3o inclu\u00eddos </div><div class=\"t s0_28\" id=\"tu_28\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.47px;display:inline;\">na Demonstra\u00e7\u00e3o Consolidada dos Resultados desde a data da sua aquisi\u00e7\u00e3o ou at\u00e9 \u00e0 data da sua </div><div class=\"t s0_28\" id=\"tv_28\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">aliena\u00e7\u00e3o, respetivamente. </div><div class=\"t s0_28\" id=\"tw_28\" style=\"left:143px;bottom:375px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">As transa\u00e7\u00f5es e saldos entre empresas controladas s\u00e3o eliminados no processo de consolida\u00e7\u00e3o. As </div><div class=\"t s0_28\" id=\"tx_28\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:2.49px;display:inline;\">mais-valias decorrentes das transa\u00e7\u00f5es entre empresas do Grupo s\u00e3o igualmente anuladas, no </div><div class=\"t s0_28\" id=\"ty_28\" style=\"left:143px;bottom:327px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">processo de consolida\u00e7\u00e3o. </div><div class=\"t s0_28\" id=\"tz_28\" style=\"left:143px;bottom:290px;letter-spacing:-0.03px;word-spacing:1.64px;display:inline;\">Sempre que necess\u00e1rio s\u00e3o efetuados ajustamentos \u00e0s demonstra\u00e7\u00f5es financeiras das empresas </div><div class=\"t s0_28\" id=\"t10_28\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:-1.07px;display:inline;\">controladas, tendo em vista a uniformiza\u00e7\u00e3o das respetivas pol\u00edticas contabil\u00edsticas com as do Grupo. </div><div class=\"t s0_28\" id=\"t11_28\" style=\"left:143px;bottom:228px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">O Grupo PHAROL \u00e9 constitu\u00eddo pelas seguintes empresas: </div><div></div><table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t3_29\" style=\"left:681px;bottom:1057px;letter-spacing:-0.13px;display:inline;\">Dez-25 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t4_29\" style=\"left:740px;bottom:1057px;letter-spacing:-0.09px;display:inline;\">Dez-24 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t7_29\" style=\"left:336px;bottom:1044px;letter-spacing:-0.14px;word-spacing:0.15px;display:inline;\">Tipo de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t5_29\" style=\"left:155px;bottom:1031px;letter-spacing:-0.16px;display:inline;\">Empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t6_29\" style=\"left:265px;bottom:1031px;letter-spacing:-0.21px;display:inline;\">Sede </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t8_29\" style=\"left:331px;bottom:1031px;letter-spacing:-0.12px;display:inline;\">empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t9_29\" style=\"left:422px;bottom:1031px;letter-spacing:-0.13px;word-spacing:0.03px;display:inline;\">Tipo de empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"ta_29\" style=\"left:593px;bottom:1031px;letter-spacing:-0.14px;display:inline;\">Direta </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"tb_29\" style=\"left:682px;bottom:1031px;letter-spacing:-0.11px;display:inline;\">Efetiva </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"tc_29\" style=\"left:740px;bottom:1031px;letter-spacing:-0.07px;display:inline;\">Efetiva </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"td_29\" style=\"left:151px;bottom:1014px;letter-spacing:-0.08px;word-spacing:0.01px;display:inline;\">Bratel BV </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"te_29\" style=\"left:248px;bottom:1014px;letter-spacing:-0.11px;display:inline;\">Amsterd\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tf_29\" style=\"left:327px;bottom:1014px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tg_29\" style=\"left:402px;bottom:1014px;letter-spacing:-0.12px;word-spacing:0.13px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"th_29\" style=\"left:553px;bottom:1014px;letter-spacing:-0.1px;word-spacing:-0.17px;display:inline;\">Pharol SGPS (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ti_29\" style=\"left:687px;bottom:1014px;letter-spacing:-0.17px;display:inline;\">100% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tj_29\" style=\"left:745px;bottom:1014px;letter-spacing:-0.15px;display:inline;\">100% </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tk_29\" style=\"left:151px;bottom:999px;letter-spacing:-0.08px;word-spacing:0.01px;display:inline;\">Pharol Brasil </div> <div class=\"t s3_29\" id=\"tl_29\" style=\"left:223px;bottom:1004px;display:inline;\">1 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tm_29\" style=\"left:251px;bottom:999px;letter-spacing:-0.13px;word-spacing:0.15px;display:inline;\">S\u00e3o Paulo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tn_29\" style=\"left:327px;bottom:999px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"to_29\" style=\"left:402px;bottom:999px;letter-spacing:-0.12px;word-spacing:0.08px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tp_29\" style=\"left:553px;bottom:999px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">Bratel BV (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tq_29\" style=\"left:700px;bottom:999px;display:inline;\">- </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tr_29\" style=\"left:759px;bottom:999px;display:inline;\">- </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ts_29\" style=\"left:151px;bottom:983px;letter-spacing:-0.08px;word-spacing:0.02px;display:inline;\">Bratel S.a.r.l. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tt_29\" style=\"left:244px;bottom:983px;letter-spacing:-0.12px;display:inline;\">Luxemburgo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tu_29\" style=\"left:327px;bottom:983px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tv_29\" style=\"left:402px;bottom:983px;letter-spacing:-0.12px;word-spacing:0.13px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tw_29\" style=\"left:553px;bottom:983px;letter-spacing:-0.07px;word-spacing:-0.18px;display:inline;\">Bratel BV (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tx_29\" style=\"left:687px;bottom:983px;letter-spacing:-0.13px;display:inline;\">100% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ty_29\" style=\"left:745px;bottom:983px;letter-spacing:-0.13px;display:inline;\">100% </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s4_29\" id=\"tz_29\" style=\"left:143px;bottom:972px;display:inline;\">1 </div><div class=\"t s5_29\" id=\"t10_29\" style=\"left:153px;bottom:967px;letter-spacing:0.03px;word-spacing:-0.01px;display:inline;\">A 30 de Dezembro de 2024 a PHAROL Brasil S.A. foi liquidada. </div><div class=\"t s0_29\" id=\"t11_29\" style=\"left:143px;bottom:928px;letter-spacing:-0.03px;word-spacing:1.11px;display:inline;\">Adicionalmente, refira-se que a PHAROL a 31 de dezembro de 2024 detinha uma participa\u00e7\u00e3o no </div><span>capital da Oi de 0,02% (excluindo a\u00e7\u00f5es de tesouraria). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00185": {
   "value": "<span>2. </span><div class=\"t s3_27\" id=\"tk_27\" style=\"left:163px;bottom:558px;letter-spacing:0.22px;display:inline;\">Bases de apresenta\u00e7\u00e3o </div><div class=\"t s0_27\" id=\"tl_27\" style=\"left:143px;bottom:523px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\"><span>As demonstra\u00e7\u00f5es financeiras consolidadas para o exerc\u00edcio findo em 31 de dezembro de 2025 foram </span></div><div class=\"t s0_27\" id=\"tm_27\" style=\"left:143px;bottom:500px;letter-spacing:-0.03px;word-spacing:-0.44px;display:inline;\">aprovadas pelo Conselho de Administra\u00e7\u00e3o e autorizadas para emiss\u00e3o em 26 de fevereiro de 2026, </div><div class=\"t s0_27\" id=\"tn_27\" style=\"left:143px;bottom:476px;letter-spacing:-0.05px;word-spacing:4.48px;display:inline;\">estando ainda sujeitas \u00e0 aprova\u00e7\u00e3o em Assembleia Geral de Acionistas, conforme legisla\u00e7\u00e3o </div><div class=\"t s0_27\" id=\"to_27\" style=\"left:143px;bottom:453px;display:inline;\"><span>aplic\u00e1vel.</span> </div><div class=\"t s0_27\" id=\"tp_27\" style=\"left:143px;bottom:415px;letter-spacing:-0.03px;word-spacing:2.86px;display:inline;\">As demonstra\u00e7\u00f5es financeiras consolidadas s\u00e3o apresentadas em euros, por esta ser a moeda </div><div class=\"t s0_27\" id=\"tq_27\" style=\"left:143px;bottom:391px;letter-spacing:-0.03px;word-spacing:5.92px;display:inline;\">funcional da PHAROL SGPS S.A.. As demonstra\u00e7\u00f5es financeiras das empresas participadas </div><div class=\"t s0_27\" id=\"tr_27\" style=\"left:143px;bottom:368px;letter-spacing:-0.04px;word-spacing:3.03px;display:inline;\">denominadas em moeda estrangeira foram convertidas para Euros de acordo com as pol\u00edticas </div><div class=\"t s0_27\" id=\"ts_27\" style=\"left:143px;bottom:344px;letter-spacing:-0.03px;word-spacing:0.01px;display:inline;\">contabil\u00edsticas descritas na Nota 3. </div><div class=\"t s0_27\" id=\"tt_27\" style=\"left:143px;bottom:306px;letter-spacing:-0.03px;word-spacing:0.98px;display:inline;\"><span>As demonstra\u00e7\u00f5es financeiras consolidadas da PHAROL SGPS foram elaboradas de acordo com as </span></div><div class=\"t s0_27\" id=\"tu_27\" style=\"left:143px;bottom:283px;letter-spacing:-0.04px;word-spacing:3.4px;display:inline;\">Normas Internacionais de Relato Financeiro (\u201cIFRS\u201d), tal como adotadas pela Uni\u00e3o Europeia, </div><div class=\"t s0_27\" id=\"tv_27\" style=\"left:143px;bottom:259px;letter-spacing:-0.03px;word-spacing:2.63px;display:inline;\">incluindo todas as interpreta\u00e7\u00f5es do International Financial Reporting Interpretation Committee </div><div class=\"t s0_27\" id=\"tw_27\" style=\"left:143px;bottom:236px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\"><span>(\u201cIFRIC\u201d) que estavam em vigor em 1 de Janeiro de 2025, aprovadas pela Uni\u00e3o Europeia (UE).</span> </div><div class=\"t s0_27\" id=\"tx_27\" style=\"left:143px;bottom:198px;letter-spacing:-0.03px;word-spacing:0.78px;display:inline;\"><span>As demonstra\u00e7\u00f5es financeiras consolidadas foram preparadas no pressuposto da continuidade das </span></div><div class=\"t s0_27\" id=\"ty_27\" style=\"left:143px;bottom:174px;letter-spacing:-0.02px;display:inline;\"><span>opera\u00e7\u00f5es.</span> </div><div></div><div class=\"t s0_28\" id=\"t3_28\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:3.16px;display:inline;\">Na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras consolidadas, em conformidade com as IFRS, o </div><div class=\"t s0_28\" id=\"t4_28\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:3.53px;display:inline;\">Conselho de Administra\u00e7\u00e3o adotou certos pressupostos e estimativas que afetam os ativos e </div><div class=\"t s0_28\" id=\"t5_28\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">passivos reportados, bem como os proveitos e custos relativos aos per\u00edodos reportados (Nota 3). </div><div class=\"t s1_28\" id=\"t6_28\" style=\"left:164px;bottom:1003px;letter-spacing:-0.05px;display:inline;\">a) </div><div class=\"t s1_28\" id=\"t7_28\" style=\"left:190px;bottom:1003px;letter-spacing:-0.05px;word-spacing:0.12px;display:inline;\">Princ\u00edpios de consolida\u00e7\u00e3o </div><div class=\"t s2_28\" id=\"t8_28\" style=\"left:195px;bottom:965px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\"><span>Empresas controladas </span></div><div class=\"t s0_28\" id=\"t9_28\" style=\"left:143px;bottom:927px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">A PHAROL SGPS S.A. consolidou integralmente as demonstra\u00e7\u00f5es financeiras de todas as empresas </div><div class=\"t s0_28\" id=\"ta_28\" style=\"left:143px;bottom:904px;letter-spacing:-0.03px;word-spacing:-0.26px;display:inline;\">controladas. Considera-se existir controlo quando o Grupo est\u00e1 exposto, ou tem direitos, a retornos </div><div class=\"t s0_28\" id=\"tb_28\" style=\"left:143px;bottom:880px;letter-spacing:-0.01px;word-spacing:-0.65px;display:inline;\">vari\u00e1veis decorrentes do seu envolvimento com a empresa participada e tem a capacidade de afetar </div><div class=\"t s0_28\" id=\"tc_28\" style=\"left:143px;bottom:856px;letter-spacing:-0.03px;word-spacing:0.27px;display:inline;\">esses mesmos retornos atrav\u00e9s do poder que exerce sobre essa empresa. Nas situa\u00e7\u00f5es em que o </div><div class=\"t s0_28\" id=\"td_28\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:0.19px;display:inline;\">Grupo detenha, em subst\u00e2ncia, o controlo de outras entidades constitu\u00eddas com um fim espec\u00edfico, </div><div class=\"t s0_28\" id=\"te_28\" style=\"left:143px;bottom:809px;letter-spacing:-0.02px;word-spacing:0.26px;display:inline;\">ainda que n\u00e3o possua a maioria dos direitos de voto, as mesmas s\u00e3o consolidadas pelo m\u00e9todo de </div><div class=\"t s0_28\" id=\"tf_28\" style=\"left:143px;bottom:786px;letter-spacing:-0.04px;word-spacing:0.11px;display:inline;\">consolida\u00e7\u00e3o integral. </div><div class=\"t s0_28\" id=\"tg_28\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:-0.52px;display:inline;\">Quando existente, a participa\u00e7\u00e3o de terceiros no capital pr\u00f3prio e no resultado l\u00edquido das empresas </div><div class=\"t s0_28\" id=\"th_28\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:0.64px;display:inline;\">inclu\u00eddas na consolida\u00e7\u00e3o \u00e9 apresentada separadamente na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_28\" id=\"ti_28\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:0.05px;display:inline;\">Financeira e na Demonstra\u00e7\u00e3o Consolidada dos Resultados, respetivamente, na rubrica \u201cInteresses </div><div class=\"t s0_28\" id=\"tj_28\" style=\"left:143px;bottom:677px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">n\u00e3o controladores\u201d. </div><div class=\"t s0_28\" id=\"tk_28\" style=\"left:143px;bottom:639px;letter-spacing:-0.03px;word-spacing:-0.55px;display:inline;\">Os ativos, passivos e passivos contingentes de uma subsidi\u00e1ria s\u00e3o mensurados pelo respetivo justo </div><div class=\"t s0_28\" id=\"tl_28\" style=\"left:143px;bottom:616px;letter-spacing:-0.03px;word-spacing:0.66px;display:inline;\">valor na data de aquisi\u00e7\u00e3o. Qualquer excesso do custo de aquisi\u00e7\u00e3o sobre o justo valor dos ativos </div><div class=\"t s0_28\" id=\"tm_28\" style=\"left:143px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.82px;display:inline;\">l\u00edquidos identific\u00e1veis \u00e9 registado como </div><div class=\"t s3_28\" id=\"tn_28\" style=\"left:400px;bottom:592px;letter-spacing:-0.04px;display:inline;\">goodwill</div><div class=\"t s0_28\" id=\"to_28\" style=\"left:453px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.82px;display:inline;\">. Nos casos em que o custo de aquisi\u00e7\u00e3o seja inferior </div><div class=\"t s0_28\" id=\"tp_28\" style=\"left:143px;bottom:568px;word-spacing:1.74px;display:inline;\">ao justo valor dos ativos l\u00edquidos identificados, a diferen\u00e7a apurada \u00e9 registada como ganho na </div><div class=\"t s0_28\" id=\"tq_28\" style=\"left:143px;bottom:545px;letter-spacing:-0.05px;word-spacing:7.37px;display:inline;\">Demonstra\u00e7\u00e3o Consolidada dos Resultados do exerc\u00edcio. Os interesses de acionistas n\u00e3o </div><div class=\"t s0_28\" id=\"tr_28\" style=\"left:143px;bottom:521px;letter-spacing:-0.03px;word-spacing:3.21px;display:inline;\">controladores s\u00e3o apresentados pela respetiva propor\u00e7\u00e3o do justo valor dos ativos e passivos </div><div class=\"t s0_28\" id=\"ts_28\" style=\"left:143px;bottom:498px;letter-spacing:-0.01px;display:inline;\">identificados. </div><div class=\"t s0_28\" id=\"tt_28\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:0.55px;display:inline;\">Os resultados das empresas subsidi\u00e1rias adquiridas ou vendidas durante o per\u00edodo est\u00e3o inclu\u00eddos </div><div class=\"t s0_28\" id=\"tu_28\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.47px;display:inline;\">na Demonstra\u00e7\u00e3o Consolidada dos Resultados desde a data da sua aquisi\u00e7\u00e3o ou at\u00e9 \u00e0 data da sua </div><div class=\"t s0_28\" id=\"tv_28\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">aliena\u00e7\u00e3o, respetivamente. </div><div class=\"t s0_28\" id=\"tw_28\" style=\"left:143px;bottom:375px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">As transa\u00e7\u00f5es e saldos entre empresas controladas s\u00e3o eliminados no processo de consolida\u00e7\u00e3o. As </div><div class=\"t s0_28\" id=\"tx_28\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:2.49px;display:inline;\">mais-valias decorrentes das transa\u00e7\u00f5es entre empresas do Grupo s\u00e3o igualmente anuladas, no </div><div class=\"t s0_28\" id=\"ty_28\" style=\"left:143px;bottom:327px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">processo de consolida\u00e7\u00e3o. </div><div class=\"t s0_28\" id=\"tz_28\" style=\"left:143px;bottom:290px;letter-spacing:-0.03px;word-spacing:1.64px;display:inline;\">Sempre que necess\u00e1rio s\u00e3o efetuados ajustamentos \u00e0s demonstra\u00e7\u00f5es financeiras das empresas </div><div class=\"t s0_28\" id=\"t10_28\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:-1.07px;display:inline;\">controladas, tendo em vista a uniformiza\u00e7\u00e3o das respetivas pol\u00edticas contabil\u00edsticas com as do Grupo. </div><div class=\"t s0_28\" id=\"t11_28\" style=\"left:143px;bottom:228px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">O Grupo PHAROL \u00e9 constitu\u00eddo pelas seguintes empresas: </div><div></div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t3_29\" style=\"left:681px;bottom:1057px;letter-spacing:-0.13px;display:inline;\">Dez-25 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t4_29\" style=\"left:740px;bottom:1057px;letter-spacing:-0.09px;display:inline;\">Dez-24 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t7_29\" style=\"left:336px;bottom:1044px;letter-spacing:-0.14px;word-spacing:0.15px;display:inline;\">Tipo de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t5_29\" style=\"left:155px;bottom:1031px;letter-spacing:-0.16px;display:inline;\">Empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t6_29\" style=\"left:265px;bottom:1031px;letter-spacing:-0.21px;display:inline;\">Sede </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t8_29\" style=\"left:331px;bottom:1031px;letter-spacing:-0.12px;display:inline;\">empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t9_29\" style=\"left:422px;bottom:1031px;letter-spacing:-0.13px;word-spacing:0.03px;display:inline;\">Tipo de empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"ta_29\" style=\"left:593px;bottom:1031px;letter-spacing:-0.14px;display:inline;\">Direta </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"tb_29\" style=\"left:682px;bottom:1031px;letter-spacing:-0.11px;display:inline;\">Efetiva </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"tc_29\" style=\"left:740px;bottom:1031px;letter-spacing:-0.07px;display:inline;\">Efetiva </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"td_29\" style=\"left:151px;bottom:1014px;letter-spacing:-0.08px;word-spacing:0.01px;display:inline;\">Bratel BV </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"te_29\" style=\"left:248px;bottom:1014px;letter-spacing:-0.11px;display:inline;\">Amsterd\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tf_29\" style=\"left:327px;bottom:1014px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tg_29\" style=\"left:402px;bottom:1014px;letter-spacing:-0.12px;word-spacing:0.13px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"th_29\" style=\"left:553px;bottom:1014px;letter-spacing:-0.1px;word-spacing:-0.17px;display:inline;\">Pharol SGPS (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ti_29\" style=\"left:687px;bottom:1014px;letter-spacing:-0.17px;display:inline;\">100% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tj_29\" style=\"left:745px;bottom:1014px;letter-spacing:-0.15px;display:inline;\">100% </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tk_29\" style=\"left:151px;bottom:999px;letter-spacing:-0.08px;word-spacing:0.01px;display:inline;\">Pharol Brasil </div> <div class=\"t s3_29\" id=\"tl_29\" style=\"left:223px;bottom:1004px;display:inline;\">1 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tm_29\" style=\"left:251px;bottom:999px;letter-spacing:-0.13px;word-spacing:0.15px;display:inline;\">S\u00e3o Paulo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tn_29\" style=\"left:327px;bottom:999px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"to_29\" style=\"left:402px;bottom:999px;letter-spacing:-0.12px;word-spacing:0.08px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tp_29\" style=\"left:553px;bottom:999px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">Bratel BV (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tq_29\" style=\"left:700px;bottom:999px;display:inline;\">- </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tr_29\" style=\"left:759px;bottom:999px;display:inline;\">- </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ts_29\" style=\"left:151px;bottom:983px;letter-spacing:-0.08px;word-spacing:0.02px;display:inline;\">Bratel S.a.r.l. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tt_29\" style=\"left:244px;bottom:983px;letter-spacing:-0.12px;display:inline;\">Luxemburgo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tu_29\" style=\"left:327px;bottom:983px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tv_29\" style=\"left:402px;bottom:983px;letter-spacing:-0.12px;word-spacing:0.13px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tw_29\" style=\"left:553px;bottom:983px;letter-spacing:-0.07px;word-spacing:-0.18px;display:inline;\">Bratel BV (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tx_29\" style=\"left:687px;bottom:983px;letter-spacing:-0.13px;display:inline;\">100% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ty_29\" style=\"left:745px;bottom:983px;letter-spacing:-0.13px;display:inline;\">100% </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s4_29\" id=\"tz_29\" style=\"left:143px;bottom:972px;display:inline;\">1 </div><div class=\"t s5_29\" id=\"t10_29\" style=\"left:153px;bottom:967px;letter-spacing:0.03px;word-spacing:-0.01px;display:inline;\">A 30 de Dezembro de 2024 a PHAROL Brasil S.A. foi liquidada. </div><div class=\"t s0_29\" id=\"t11_29\" style=\"left:143px;bottom:928px;letter-spacing:-0.03px;word-spacing:1.11px;display:inline;\">Adicionalmente, refira-se que a PHAROL a 31 de dezembro de 2024 detinha uma participa\u00e7\u00e3o no </div><span>capital da Oi de 0,02% (excluindo a\u00e7\u00f5es de tesouraria). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00186": {
   "value": "<span>As demonstra\u00e7\u00f5es financeiras consolidadas para o exerc\u00edcio findo em 31 de dezembro de 2025 foram </span><div class=\"t s0_27\" id=\"tm_27\" style=\"left:143px;bottom:500px;letter-spacing:-0.03px;word-spacing:-0.44px;display:inline;\">aprovadas pelo Conselho de Administra\u00e7\u00e3o e autorizadas para emiss\u00e3o em 26 de fevereiro de 2026, </div><div class=\"t s0_27\" id=\"tn_27\" style=\"left:143px;bottom:476px;letter-spacing:-0.05px;word-spacing:4.48px;display:inline;\">estando ainda sujeitas \u00e0 aprova\u00e7\u00e3o em Assembleia Geral de Acionistas, conforme legisla\u00e7\u00e3o </div><span>aplic\u00e1vel.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00187": {
   "value": "<span>As demonstra\u00e7\u00f5es financeiras consolidadas da PHAROL SGPS foram elaboradas de acordo com as </span><div class=\"t s0_27\" id=\"tu_27\" style=\"left:143px;bottom:283px;letter-spacing:-0.04px;word-spacing:3.4px;display:inline;\">Normas Internacionais de Relato Financeiro (\u201cIFRS\u201d), tal como adotadas pela Uni\u00e3o Europeia, </div><div class=\"t s0_27\" id=\"tv_27\" style=\"left:143px;bottom:259px;letter-spacing:-0.03px;word-spacing:2.63px;display:inline;\">incluindo todas as interpreta\u00e7\u00f5es do International Financial Reporting Interpretation Committee </div><span>(\u201cIFRIC\u201d) que estavam em vigor em 1 de Janeiro de 2025, aprovadas pela Uni\u00e3o Europeia (UE).</span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00188": {
   "value": "<span>As demonstra\u00e7\u00f5es financeiras consolidadas foram preparadas no pressuposto da continuidade das </span><span>opera\u00e7\u00f5es.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00190": {
   "value": "<span>Empresas controladas </span><div class=\"t s0_28\" id=\"t9_28\" style=\"left:143px;bottom:927px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">A PHAROL SGPS S.A. consolidou integralmente as demonstra\u00e7\u00f5es financeiras de todas as empresas </div><div class=\"t s0_28\" id=\"ta_28\" style=\"left:143px;bottom:904px;letter-spacing:-0.03px;word-spacing:-0.26px;display:inline;\">controladas. Considera-se existir controlo quando o Grupo est\u00e1 exposto, ou tem direitos, a retornos </div><div class=\"t s0_28\" id=\"tb_28\" style=\"left:143px;bottom:880px;letter-spacing:-0.01px;word-spacing:-0.65px;display:inline;\">vari\u00e1veis decorrentes do seu envolvimento com a empresa participada e tem a capacidade de afetar </div><div class=\"t s0_28\" id=\"tc_28\" style=\"left:143px;bottom:856px;letter-spacing:-0.03px;word-spacing:0.27px;display:inline;\">esses mesmos retornos atrav\u00e9s do poder que exerce sobre essa empresa. Nas situa\u00e7\u00f5es em que o </div><div class=\"t s0_28\" id=\"td_28\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:0.19px;display:inline;\">Grupo detenha, em subst\u00e2ncia, o controlo de outras entidades constitu\u00eddas com um fim espec\u00edfico, </div><div class=\"t s0_28\" id=\"te_28\" style=\"left:143px;bottom:809px;letter-spacing:-0.02px;word-spacing:0.26px;display:inline;\">ainda que n\u00e3o possua a maioria dos direitos de voto, as mesmas s\u00e3o consolidadas pelo m\u00e9todo de </div><div class=\"t s0_28\" id=\"tf_28\" style=\"left:143px;bottom:786px;letter-spacing:-0.04px;word-spacing:0.11px;display:inline;\">consolida\u00e7\u00e3o integral. </div><div class=\"t s0_28\" id=\"tg_28\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:-0.52px;display:inline;\">Quando existente, a participa\u00e7\u00e3o de terceiros no capital pr\u00f3prio e no resultado l\u00edquido das empresas </div><div class=\"t s0_28\" id=\"th_28\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:0.64px;display:inline;\">inclu\u00eddas na consolida\u00e7\u00e3o \u00e9 apresentada separadamente na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_28\" id=\"ti_28\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:0.05px;display:inline;\">Financeira e na Demonstra\u00e7\u00e3o Consolidada dos Resultados, respetivamente, na rubrica \u201cInteresses </div><div class=\"t s0_28\" id=\"tj_28\" style=\"left:143px;bottom:677px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">n\u00e3o controladores\u201d. </div><div class=\"t s0_28\" id=\"tk_28\" style=\"left:143px;bottom:639px;letter-spacing:-0.03px;word-spacing:-0.55px;display:inline;\">Os ativos, passivos e passivos contingentes de uma subsidi\u00e1ria s\u00e3o mensurados pelo respetivo justo </div><div class=\"t s0_28\" id=\"tl_28\" style=\"left:143px;bottom:616px;letter-spacing:-0.03px;word-spacing:0.66px;display:inline;\">valor na data de aquisi\u00e7\u00e3o. Qualquer excesso do custo de aquisi\u00e7\u00e3o sobre o justo valor dos ativos </div><div class=\"t s0_28\" id=\"tm_28\" style=\"left:143px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.82px;display:inline;\">l\u00edquidos identific\u00e1veis \u00e9 registado como </div><div class=\"t s3_28\" id=\"tn_28\" style=\"left:400px;bottom:592px;letter-spacing:-0.04px;display:inline;\">goodwill</div><div class=\"t s0_28\" id=\"to_28\" style=\"left:453px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.82px;display:inline;\">. Nos casos em que o custo de aquisi\u00e7\u00e3o seja inferior </div><div class=\"t s0_28\" id=\"tp_28\" style=\"left:143px;bottom:568px;word-spacing:1.74px;display:inline;\">ao justo valor dos ativos l\u00edquidos identificados, a diferen\u00e7a apurada \u00e9 registada como ganho na </div><div class=\"t s0_28\" id=\"tq_28\" style=\"left:143px;bottom:545px;letter-spacing:-0.05px;word-spacing:7.37px;display:inline;\">Demonstra\u00e7\u00e3o Consolidada dos Resultados do exerc\u00edcio. Os interesses de acionistas n\u00e3o </div><div class=\"t s0_28\" id=\"tr_28\" style=\"left:143px;bottom:521px;letter-spacing:-0.03px;word-spacing:3.21px;display:inline;\">controladores s\u00e3o apresentados pela respetiva propor\u00e7\u00e3o do justo valor dos ativos e passivos </div><div class=\"t s0_28\" id=\"ts_28\" style=\"left:143px;bottom:498px;letter-spacing:-0.01px;display:inline;\">identificados. </div><div class=\"t s0_28\" id=\"tt_28\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:0.55px;display:inline;\">Os resultados das empresas subsidi\u00e1rias adquiridas ou vendidas durante o per\u00edodo est\u00e3o inclu\u00eddos </div><div class=\"t s0_28\" id=\"tu_28\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.47px;display:inline;\">na Demonstra\u00e7\u00e3o Consolidada dos Resultados desde a data da sua aquisi\u00e7\u00e3o ou at\u00e9 \u00e0 data da sua </div><div class=\"t s0_28\" id=\"tv_28\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">aliena\u00e7\u00e3o, respetivamente. </div><div class=\"t s0_28\" id=\"tw_28\" style=\"left:143px;bottom:375px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">As transa\u00e7\u00f5es e saldos entre empresas controladas s\u00e3o eliminados no processo de consolida\u00e7\u00e3o. As </div><div class=\"t s0_28\" id=\"tx_28\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:2.49px;display:inline;\">mais-valias decorrentes das transa\u00e7\u00f5es entre empresas do Grupo s\u00e3o igualmente anuladas, no </div><div class=\"t s0_28\" id=\"ty_28\" style=\"left:143px;bottom:327px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">processo de consolida\u00e7\u00e3o. </div><div class=\"t s0_28\" id=\"tz_28\" style=\"left:143px;bottom:290px;letter-spacing:-0.03px;word-spacing:1.64px;display:inline;\">Sempre que necess\u00e1rio s\u00e3o efetuados ajustamentos \u00e0s demonstra\u00e7\u00f5es financeiras das empresas </div><div class=\"t s0_28\" id=\"t10_28\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:-1.07px;display:inline;\">controladas, tendo em vista a uniformiza\u00e7\u00e3o das respetivas pol\u00edticas contabil\u00edsticas com as do Grupo. </div><div class=\"t s0_28\" id=\"t11_28\" style=\"left:143px;bottom:228px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">O Grupo PHAROL \u00e9 constitu\u00eddo pelas seguintes empresas: </div><div></div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t3_29\" style=\"left:681px;bottom:1057px;letter-spacing:-0.13px;display:inline;\">Dez-25 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t4_29\" style=\"left:740px;bottom:1057px;letter-spacing:-0.09px;display:inline;\">Dez-24 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t7_29\" style=\"left:336px;bottom:1044px;letter-spacing:-0.14px;word-spacing:0.15px;display:inline;\">Tipo de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t5_29\" style=\"left:155px;bottom:1031px;letter-spacing:-0.16px;display:inline;\">Empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t6_29\" style=\"left:265px;bottom:1031px;letter-spacing:-0.21px;display:inline;\">Sede </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t8_29\" style=\"left:331px;bottom:1031px;letter-spacing:-0.12px;display:inline;\">empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"t9_29\" style=\"left:422px;bottom:1031px;letter-spacing:-0.13px;word-spacing:0.03px;display:inline;\">Tipo de empresa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"ta_29\" style=\"left:593px;bottom:1031px;letter-spacing:-0.14px;display:inline;\">Direta </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"tb_29\" style=\"left:682px;bottom:1031px;letter-spacing:-0.11px;display:inline;\">Efetiva </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_29\" id=\"tc_29\" style=\"left:740px;bottom:1031px;letter-spacing:-0.07px;display:inline;\">Efetiva </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"td_29\" style=\"left:151px;bottom:1014px;letter-spacing:-0.08px;word-spacing:0.01px;display:inline;\">Bratel BV </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"te_29\" style=\"left:248px;bottom:1014px;letter-spacing:-0.11px;display:inline;\">Amsterd\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tf_29\" style=\"left:327px;bottom:1014px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tg_29\" style=\"left:402px;bottom:1014px;letter-spacing:-0.12px;word-spacing:0.13px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"th_29\" style=\"left:553px;bottom:1014px;letter-spacing:-0.1px;word-spacing:-0.17px;display:inline;\">Pharol SGPS (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ti_29\" style=\"left:687px;bottom:1014px;letter-spacing:-0.17px;display:inline;\">100% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tj_29\" style=\"left:745px;bottom:1014px;letter-spacing:-0.15px;display:inline;\">100% </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tk_29\" style=\"left:151px;bottom:999px;letter-spacing:-0.08px;word-spacing:0.01px;display:inline;\">Pharol Brasil </div> <div class=\"t s3_29\" id=\"tl_29\" style=\"left:223px;bottom:1004px;display:inline;\">1 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tm_29\" style=\"left:251px;bottom:999px;letter-spacing:-0.13px;word-spacing:0.15px;display:inline;\">S\u00e3o Paulo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tn_29\" style=\"left:327px;bottom:999px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"to_29\" style=\"left:402px;bottom:999px;letter-spacing:-0.12px;word-spacing:0.08px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tp_29\" style=\"left:553px;bottom:999px;letter-spacing:-0.08px;word-spacing:-0.17px;display:inline;\">Bratel BV (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tq_29\" style=\"left:700px;bottom:999px;display:inline;\">- </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tr_29\" style=\"left:759px;bottom:999px;display:inline;\">- </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ts_29\" style=\"left:151px;bottom:983px;letter-spacing:-0.08px;word-spacing:0.02px;display:inline;\">Bratel S.a.r.l. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tt_29\" style=\"left:244px;bottom:983px;letter-spacing:-0.12px;display:inline;\">Luxemburgo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tu_29\" style=\"left:327px;bottom:983px;letter-spacing:-0.08px;display:inline;\">Subsidi\u00e1ria </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tv_29\" style=\"left:402px;bottom:983px;letter-spacing:-0.12px;word-spacing:0.13px;display:inline;\">Gest\u00e3o de Investimentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tw_29\" style=\"left:553px;bottom:983px;letter-spacing:-0.07px;word-spacing:-0.18px;display:inline;\">Bratel BV (100%) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"tx_29\" style=\"left:687px;bottom:983px;letter-spacing:-0.13px;display:inline;\">100% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_29\" id=\"ty_29\" style=\"left:745px;bottom:983px;letter-spacing:-0.13px;display:inline;\">100% </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s4_29\" id=\"tz_29\" style=\"left:143px;bottom:972px;display:inline;\">1 </div><div class=\"t s5_29\" id=\"t10_29\" style=\"left:153px;bottom:967px;letter-spacing:0.03px;word-spacing:-0.01px;display:inline;\">A 30 de Dezembro de 2024 a PHAROL Brasil S.A. foi liquidada. </div><div class=\"t s0_29\" id=\"t11_29\" style=\"left:143px;bottom:928px;letter-spacing:-0.03px;word-spacing:1.11px;display:inline;\">Adicionalmente, refira-se que a PHAROL a 31 de dezembro de 2024 detinha uma participa\u00e7\u00e3o no </div><span>capital da Oi de 0,02% (excluindo a\u00e7\u00f5es de tesouraria). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00191": {
   "value": "<span>3. </span><div class=\"t s7_29\" id=\"t14_29\" style=\"left:163px;bottom:826px;letter-spacing:0.2px;word-spacing:0.01px;display:inline;\">Principais pol\u00edticas contabil\u00edsticas, julgamentos e estimativas </div><div class=\"t s6_29\" id=\"t15_29\" style=\"left:143px;bottom:792px;letter-spacing:-0.05px;word-spacing:0.24px;display:inline;\">Principais pol\u00edticas contabil\u00edsticas </div><div class=\"t s8_29\" id=\"t16_29\" style=\"left:143px;bottom:754px;letter-spacing:-0.05px;display:inline;\">a) </div><div class=\"t s8_29\" id=\"t17_29\" style=\"left:169px;bottom:754px;letter-spacing:-0.05px;word-spacing:0.02px;display:inline;\">Classifica\u00e7\u00e3o da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira </div><div class=\"t s0_29\" id=\"t18_29\" style=\"left:143px;bottom:717px;letter-spacing:-0.03px;word-spacing:3.69px;display:inline;\">Os ativos realiz\u00e1veis a menos de um ano da data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_29\" id=\"t19_29\" style=\"left:143px;bottom:693px;letter-spacing:-0.03px;word-spacing:0.33px;display:inline;\">Financeira s\u00e3o classificados como correntes. Os passivos s\u00e3o tamb\u00e9m classificados como correntes </div><div class=\"t s0_29\" id=\"t1a_29\" style=\"left:143px;bottom:669px;letter-spacing:-0.01px;word-spacing:0.26px;display:inline;\">quando s\u00e3o exig\u00edveis a menos de um ano, ou quando n\u00e3o existe um direito incondicional de diferir </div><div class=\"t s0_29\" id=\"t1b_29\" style=\"left:143px;bottom:646px;letter-spacing:-0.03px;word-spacing:-1.14px;display:inline;\">a sua liquida\u00e7\u00e3o para um per\u00edodo de pelo menos 12 meses ap\u00f3s a data da Demonstra\u00e7\u00e3o Consolidada </div><div class=\"t s0_29\" id=\"t1c_29\" style=\"left:143px;bottom:622px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\">da Posi\u00e7\u00e3o Financeira. </div><div class=\"t s8_29\" id=\"t1d_29\" style=\"left:164px;bottom:584px;letter-spacing:-0.06px;display:inline;\"><span>b) </span></div><div class=\"t s8_29\" id=\"t1e_29\" style=\"left:190px;bottom:584px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">Ativos tang\u00edveis </div><div class=\"t s0_29\" id=\"t1f_29\" style=\"left:143px;bottom:546px;letter-spacing:-0.02px;word-spacing:3.37px;display:inline;\">Os ativos tang\u00edveis encontram-se registados ao custo de aquisi\u00e7\u00e3o, deduzido de deprecia\u00e7\u00f5es </div><div class=\"t s0_29\" id=\"t1g_29\" style=\"left:143px;bottom:523px;letter-spacing:-0.04px;word-spacing:2.7px;display:inline;\">acumuladas, subs\u00eddios ao investimento e perdas por imparidade, quando aplic\u00e1vel. O custo de </div><div class=\"t s0_29\" id=\"t1h_29\" style=\"left:143px;bottom:499px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">aquisi\u00e7\u00e3o inclui: (1) o pre\u00e7o de compra do ativo; (2) as despesas diretamente imput\u00e1veis \u00e0 compra; </div><div class=\"t s0_29\" id=\"t1i_29\" style=\"left:143px;bottom:476px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">e (3) os custos estimados de desmantelamento, remo\u00e7\u00e3o dos ativos e requalifica\u00e7\u00e3o do local. </div><div class=\"t s0_29\" id=\"t1j_29\" style=\"left:143px;bottom:438px;letter-spacing:-0.02px;word-spacing:0.26px;display:inline;\">A deprecia\u00e7\u00e3o dos ativos tang\u00edveis, deduzidos do seu valor residual, \u00e9 reconhecida a partir do m\u00eas </div><div class=\"t s0_29\" id=\"t1k_29\" style=\"left:143px;bottom:414px;letter-spacing:-0.02px;word-spacing:0.59px;display:inline;\">em que se encontram dispon\u00edveis para utiliza\u00e7\u00e3o de acordo com o m\u00e9todo das quotas constantes, </div><div class=\"t s0_29\" id=\"t1l_29\" style=\"left:143px;bottom:391px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">durante a vida \u00fatil dos ativos, a qual \u00e9 determinada em fun\u00e7\u00e3o da utilidade esperada. O per\u00edodo de </div><div class=\"t s0_29\" id=\"t1m_29\" style=\"left:143px;bottom:367px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">deprecia\u00e7\u00e3o dos ativos tang\u00edveis \u00e9 revisto anualmente e ajustado sempre que necess\u00e1rio de modo </div><div class=\"t s0_29\" id=\"t1n_29\" style=\"left:143px;bottom:344px;letter-spacing:-0.01px;word-spacing:1.11px;display:inline;\">a refletir as vidas \u00fateis estimadas. As taxas de deprecia\u00e7\u00e3o usadas correspondem, em m\u00e9dia, \u00e0s </div><div class=\"t s0_29\" id=\"t1o_29\" style=\"left:143px;bottom:320px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">seguintes vidas \u00fateis estimadas: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1p_29\" style=\"left:730px;bottom:272px;letter-spacing:-0.22px;display:inline;\">Anos </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1q_29\" style=\"left:149px;bottom:251px;letter-spacing:-0.24px;word-spacing:0.02px;display:inline;\">Edif\u00edcios e outras constru\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1r_29\" style=\"left:727px;bottom:251px;letter-spacing:-0.32px;word-spacing:0.22px;display:inline;\">3 - 50 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1s_29\" style=\"left:149px;bottom:230px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Equipamento de transporte </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1t_29\" style=\"left:731px;bottom:230px;display:inline;\">4 </div> <div class=\"t s9_29\" id=\"t1u_29\" style=\"left:742px;bottom:230px;display:inline;\">- </div> <div class=\"t s9_29\" id=\"t1v_29\" style=\"left:751px;bottom:230px;display:inline;\">8 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1w_29\" style=\"left:149px;bottom:209px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">Ferramentas e utens\u00edlios </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1x_29\" style=\"left:730px;bottom:209px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">4 - 8 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1y_29\" style=\"left:149px;bottom:188px;letter-spacing:-0.26px;word-spacing:0.02px;display:inline;\">Equipamento administrativo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1z_29\" style=\"left:727px;bottom:188px;letter-spacing:-0.32px;word-spacing:0.22px;display:inline;\">3 - 10 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t20_29\" style=\"left:149px;bottom:167px;letter-spacing:-0.24px;word-spacing:0.07px;display:inline;\">Outros ativos tang\u00edveis </div></td>\n\t\t\t<td class=\"tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t21_29\" style=\"left:731px;bottom:167px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">4 - 8 </div></td>\n\t\t</tr>\n\t\n</table><div></div><div class=\"t s0_30\" id=\"t3_30\" style=\"left:143px;bottom:1088px;letter-spacing:-0.01px;word-spacing:-0.62px;display:inline;\">As perdas estimadas decorrentes da substitui\u00e7\u00e3o de equipamentos antes do fim da sua vida \u00fatil, por </div><div class=\"t s0_30\" id=\"t4_30\" style=\"left:143px;bottom:1064px;letter-spacing:-0.04px;word-spacing:-0.25px;display:inline;\">motivos de obsolesc\u00eancia tecnol\u00f3gica, bem como as perdas por imparidade, s\u00e3o reconhecidas como </div><div class=\"t s0_30\" id=\"t5_30\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">uma dedu\u00e7\u00e3o ao valor do ativo respetivo por contrapartida de resultados do per\u00edodo. Os encargos </div><div class=\"t s0_30\" id=\"t6_30\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">com manuten\u00e7\u00e3o e repara\u00e7\u00f5es de natureza corrente s\u00e3o registados como custo, quando incorridos. </div><div class=\"t s0_30\" id=\"t7_30\" style=\"left:143px;bottom:994px;letter-spacing:-0.02px;word-spacing:0.28px;display:inline;\">Os custos significativos incorridos com renova\u00e7\u00f5es ou melhorias significativas nos ativos tang\u00edveis, </div><div class=\"t s0_30\" id=\"t8_30\" style=\"left:143px;bottom:970px;letter-spacing:-0.04px;word-spacing:4.59px;display:inline;\">s\u00e3o capitalizados e amortizados no correspondente per\u00edodo estimado de recupera\u00e7\u00e3o desses </div><div class=\"t s0_30\" id=\"t9_30\" style=\"left:143px;bottom:947px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">investimentos, quando os mesmos possam ser mensurados de uma forma fi\u00e1vel. </div><div class=\"t s0_30\" id=\"ta_30\" style=\"left:143px;bottom:909px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Os ganhos e perdas nas aliena\u00e7\u00f5es de ativos tang\u00edveis, determinados pela diferen\u00e7a entre o valor </div><div class=\"t s0_30\" id=\"tb_30\" style=\"left:143px;bottom:885px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">de venda e o respetivo valor contabil\u00edstico, s\u00e3o contabilizados em resultados na rubrica \u201cPerdas </div><div class=\"t s0_30\" id=\"tc_30\" style=\"left:143px;bottom:861px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\"><span>(ganhos) com a aliena\u00e7\u00e3o de ativos fixos l\u00edquidos\u201d.</span> </div><div class=\"t s1_30\" id=\"td_30\" style=\"left:164px;bottom:824px;letter-spacing:-0.16px;display:inline;\"><span>c) </span></div><div class=\"t s1_30\" id=\"te_30\" style=\"left:190px;bottom:824px;letter-spacing:-0.04px;word-spacing:0.1px;display:inline;\">Ativos intang\u00edveis </div><div class=\"t s0_30\" id=\"tf_30\" style=\"left:143px;bottom:786px;letter-spacing:-0.02px;word-spacing:0.57px;display:inline;\">Quando existentes, os ativos intang\u00edveis encontram-se registados ao custo de aquisi\u00e7\u00e3o, deduzido </div><div class=\"t s0_30\" id=\"tg_30\" style=\"left:143px;bottom:762px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">das amortiza\u00e7\u00f5es acumuladas e das perdas por imparidade, quando aplic\u00e1vel. Os ativos intang\u00edveis </div><div class=\"t s0_30\" id=\"th_30\" style=\"left:143px;bottom:739px;letter-spacing:-0.03px;word-spacing:0.91px;display:inline;\">apenas s\u00e3o reconhecidos quando for prov\u00e1vel que deles advenham benef\u00edcios econ\u00f3micos futuros </div><div class=\"t s0_30\" id=\"ti_30\" style=\"left:143px;bottom:715px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\"><span>para o Grupo e que os mesmos possam ser mensurados com fiabilidade.</span> </div><div class=\"t s1_30\" id=\"tj_30\" style=\"left:164px;bottom:677px;letter-spacing:-0.06px;display:inline;\"><span>d) </span></div><div class=\"t s1_30\" id=\"tk_30\" style=\"left:190px;bottom:677px;letter-spacing:-0.04px;word-spacing:0.01px;display:inline;\">Imparidade de ativos tang\u00edveis e intang\u00edveis </div><div class=\"t s0_30\" id=\"tl_30\" style=\"left:143px;bottom:639px;letter-spacing:-0.01px;word-spacing:1.64px;display:inline;\">As empresas do Grupo efetuam testes de imparidade dos seus ativos sempre que ocorra algum </div><div class=\"t s0_30\" id=\"tm_30\" style=\"left:143px;bottom:616px;letter-spacing:-0.02px;word-spacing:1.1px;display:inline;\">evento ou altera\u00e7\u00e3o que indiquem que o montante pelo qual o ativo se encontra registado possa </div><div class=\"t s0_30\" id=\"tn_30\" style=\"left:143px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.77px;display:inline;\">n\u00e3o ser recuperado. Em caso de exist\u00eancia de tais ind\u00edcios, o Grupo procede \u00e0 determina\u00e7\u00e3o do valor </div><div class=\"t s0_30\" id=\"to_30\" style=\"left:143px;bottom:568px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">recuper\u00e1vel do ativo, de modo a determinar a extens\u00e3o da perda por imparidade. </div><div class=\"t s0_30\" id=\"tp_30\" style=\"left:143px;bottom:531px;letter-spacing:-0.02px;word-spacing:-0.28px;display:inline;\">O valor recuper\u00e1vel \u00e9 estimado para cada ativo individualmente ou, no caso de tal n\u00e3o ser poss\u00edvel, </div><div class=\"t s0_30\" id=\"tq_30\" style=\"left:143px;bottom:507px;letter-spacing:-0.02px;word-spacing:0.36px;display:inline;\">para a unidade geradora de caixa \u00e0 qual o ativo pertence. O valor recuper\u00e1vel \u00e9 determinado pelo </div><div class=\"t s0_30\" id=\"tr_30\" style=\"left:143px;bottom:483px;letter-spacing:0.01px;word-spacing:-0.46px;display:inline;\">valor mais alto entre o justo valor menos os custos de vender e o valor de uso. O justo valor menos </div><div class=\"t s0_30\" id=\"ts_30\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">os custos de vender \u00e9 o montante que se obteria com a aliena\u00e7\u00e3o do ativo numa transa\u00e7\u00e3o entre </div><div class=\"t s0_30\" id=\"tt_30\" style=\"left:143px;bottom:436px;letter-spacing:-0.04px;word-spacing:0.16px;display:inline;\">entidades independentes e conhecedoras, deduzido dos custos diretamente atribu\u00edveis \u00e0 aliena\u00e7\u00e3o. </div><div class=\"t s0_30\" id=\"tu_30\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">O valor de uso decorre dos fluxos de caixa futuros, atualizados com base em taxas de desconto, que </div><div class=\"t s0_30\" id=\"tv_30\" style=\"left:143px;bottom:389px;letter-spacing:-0.03px;display:inline;\">reflitam o valor atual do capital e o risco espec\u00edfico do ativo. </div><div class=\"t s0_30\" id=\"tw_30\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:3.21px;display:inline;\">Sempre que o montante pelo qual o ativo se encontra registado seja superior \u00e0 sua quantia </div><div class=\"t s0_30\" id=\"tx_30\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:-0.9px;display:inline;\">recuper\u00e1vel, \u00e9 reconhecida uma perda por imparidade na Demonstra\u00e7\u00e3o Consolidada dos Resultados </div><div class=\"t s0_30\" id=\"ty_30\" style=\"left:143px;bottom:304px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">do exerc\u00edcio a que se refere. </div><div class=\"t s0_30\" id=\"tz_30\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:0.22px;display:inline;\">Quando uma perda por imparidade \u00e9 subsequentemente revertida, o valor contabil\u00edstico do ativo \u00e9 </div><div class=\"t s0_30\" id=\"t10_30\" style=\"left:143px;bottom:243px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">atualizado para o seu valor estimado. Contudo, a revers\u00e3o da perda por imparidade s\u00f3 pode ser </div><div class=\"t s0_30\" id=\"t11_30\" style=\"left:143px;bottom:219px;letter-spacing:-0.03px;word-spacing:-0.23px;display:inline;\">efetuada at\u00e9 ao limite da quantia (l\u00edquida de deprecia\u00e7\u00e3o) que estaria reconhecida caso a perda por </div><div class=\"t s0_30\" id=\"t12_30\" style=\"left:143px;bottom:195px;letter-spacing:-0.03px;word-spacing:4.76px;display:inline;\">imparidade n\u00e3o tivesse sido registada em exerc\u00edcios anteriores. A revers\u00e3o das perdas por </div><div class=\"t s0_30\" id=\"t13_30\" style=\"left:143px;bottom:172px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\"><span>imparidade \u00e9 reconhecida de imediato na Demonstra\u00e7\u00e3o Consolidada dos Resultados.</span> </div><div></div><div class=\"t s1_31\" id=\"t3_31\" style=\"left:164px;bottom:1088px;letter-spacing:-0.06px;display:inline;\"><span>e) </span></div><div class=\"t s1_31\" id=\"t4_31\" style=\"left:190px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.01px;display:inline;\">Provis\u00f5es, passivos e passivos contingentes </div><div class=\"t s0_31\" id=\"t5_31\" style=\"left:143px;bottom:1050px;letter-spacing:-0.02px;word-spacing:2.06px;display:inline;\">As provis\u00f5es s\u00e3o reconhecidas pelo Grupo quando existe uma obriga\u00e7\u00e3o presente resultante de </div><div class=\"t s0_31\" id=\"t6_31\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">eventos passados, sendo prov\u00e1vel que na liquida\u00e7\u00e3o dessa obriga\u00e7\u00e3o seja necess\u00e1rio um disp\u00eandio </div><div class=\"t s0_31\" id=\"t7_31\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.74px;display:inline;\">de recursos internos e o montante da referida obriga\u00e7\u00e3o possa ser estimado com razoabilidade. </div><div class=\"t s0_31\" id=\"t8_31\" style=\"left:143px;bottom:979px;letter-spacing:-0.01px;word-spacing:-1px;display:inline;\">Quando alguma destas condi\u00e7\u00f5es n\u00e3o \u00e9 preenchida, o Grupo procede \u00e0 divulga\u00e7\u00e3o dos eventos como </div><div class=\"t s0_31\" id=\"t9_31\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">passivo contingente, a menos que a probabilidade de uma sa\u00edda de recursos seja remota. </div><div class=\"t s0_31\" id=\"ta_31\" style=\"left:143px;bottom:918px;letter-spacing:-0.03px;word-spacing:-0.59px;display:inline;\">As provis\u00f5es para reestrutura\u00e7\u00e3o apenas s\u00e3o reconhecidas quando o Grupo tem um plano detalhado </div><div class=\"t s0_31\" id=\"tb_31\" style=\"left:143px;bottom:894px;letter-spacing:-0.01px;word-spacing:2.48px;display:inline;\">e formalizado para a reestrutura\u00e7\u00e3o e ap\u00f3s terem sido comunicados esses factos \u00e0s entidades </div><div class=\"t s0_31\" id=\"tc_31\" style=\"left:143px;bottom:871px;letter-spacing:-0.02px;display:inline;\">envolvidas. </div><div class=\"t s0_31\" id=\"td_31\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:0.61px;display:inline;\">As provis\u00f5es s\u00e3o atualizadas na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, considerando a </div><div class=\"t s0_31\" id=\"te_31\" style=\"left:143px;bottom:809px;letter-spacing:-0.04px;word-spacing:0.05px;display:inline;\">melhor estimativa obtida pelos \u00f3rg\u00e3os de gest\u00e3o. </div><div class=\"t s0_31\" id=\"tf_31\" style=\"left:143px;bottom:771px;letter-spacing:-0.03px;word-spacing:0.99px;display:inline;\">As obriga\u00e7\u00f5es para os custos de desmantelamento, remo\u00e7\u00e3o de ativos e restaura\u00e7\u00e3o do local s\u00e3o </div><div class=\"t s0_31\" id=\"tg_31\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">reconhecidas a partir do m\u00eas em que os bens come\u00e7am a ser utilizados, caso seja poss\u00edvel estimar </div><div class=\"t s0_31\" id=\"th_31\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:5.81px;display:inline;\">a respetiva obriga\u00e7\u00e3o com fiabilidade (Notas 3.b.). O montante da obriga\u00e7\u00e3o reconhecida </div><div class=\"t s0_31\" id=\"ti_31\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:1.6px;display:inline;\">corresponde ao respetivo valor presente, sendo a atualiza\u00e7\u00e3o financeira registada em resultados </div><div class=\"t s0_31\" id=\"tj_31\" style=\"left:143px;bottom:677px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\"><span>como custo financeiro na rubrica \u201cJuros obtidos, l\u00edquidos\u201d.</span> </div><div class=\"t s1_31\" id=\"tk_31\" style=\"left:164px;bottom:639px;letter-spacing:0.05px;display:inline;\"><span>f) </span></div><div class=\"t s1_31\" id=\"tl_31\" style=\"left:190px;bottom:639px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Ativos e passivos financeiros </div><div class=\"t s0_31\" id=\"tm_31\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:4.38px;display:inline;\">Os ativos e passivos financeiros s\u00e3o reconhecidos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_31\" id=\"tn_31\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Financeira quando o Grupo se torna parte na respetiva rela\u00e7\u00e3o contratual. </div><div class=\"t s2_31\" id=\"to_31\" style=\"left:195px;bottom:540px;letter-spacing:-0.04px;word-spacing:0.04px;display:inline;\"><span>(i) Ativos financeiros ao custo amortizado </span></div><div class=\"t s0_31\" id=\"tp_31\" style=\"left:143px;bottom:502px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao custo amortizado\u201d se cumprir </div><div class=\"t s0_31\" id=\"tq_31\" style=\"left:143px;bottom:478px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cumulativamente as seguintes condi\u00e7\u00f5es: </div><div class=\"t s0_31\" id=\"tr_31\" style=\"left:143px;bottom:440px;letter-spacing:-0.03px;word-spacing:1.09px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio cujo objetivo principal \u00e9 a deten\u00e7\u00e3o de ativos </div><div class=\"t s0_31\" id=\"ts_31\" style=\"left:143px;bottom:417px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">para recolha dos seus fluxos de caixa contratuais; e, </div><div class=\"t s0_31\" id=\"tt_31\" style=\"left:143px;bottom:379px;letter-spacing:-0.03px;word-spacing:3.89px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div><div class=\"t s0_31\" id=\"tu_31\" style=\"left:143px;bottom:355px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida. </div><div class=\"t s0_31\" id=\"tv_31\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:3.34px;display:inline;\">A categoria de \u201cAtivos financeiros ao custo amortizado\u201d inclui contas a receber, empr\u00e9stimos </div><div class=\"t s0_31\" id=\"tw_31\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">concedidos e outras contas a receber que tenham pagamentos fixos ou definidos. </div><div class=\"t s0_31\" id=\"tx_31\" style=\"left:143px;bottom:256px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">Os ativos financeiros ao custo amortizado s\u00e3o reconhecidos inicialmente pelo seu justo valor </div><div class=\"t s0_31\" id=\"ty_31\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:2.16px;display:inline;\">acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o mensurados ao custo amortizado. </div><div class=\"t s0_31\" id=\"tz_31\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Adicionalmente, est\u00e3o sujeitos, desde o seu reconhecimento inicial, ao apuramento de perdas por </div><div class=\"t s0_31\" id=\"t10_31\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">imparidade para perdas esperadas, as quais s\u00e3o registadas por contrapartida da rubrica \u201cOutros </div><div class=\"t s0_31\" id=\"t11_31\" style=\"left:143px;bottom:162px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">custos (ganhos) financeiros, l\u00edquidos\u201d. </div><div></div><div class=\"t s1_32_171\" id=\"t4_32_171\" style=\"left:110px;bottom:1156px;letter-spacing:0.69px;word-spacing:1.77px;display:inline;\">Os ganhos ou perdas geradas no momento do seu desreconhecimento s\u00e3o registados na rubrica </div>\n<div class=\"t s1_32_171\" id=\"t5_32_171\" style=\"left:110px;bottom:1131px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\"><span>\"Outros custos (ganhos) financeiros, l\u00edquidos\". </span></div>\n<div class=\"t s2_32_171\" id=\"t6_32_171\" style=\"left:165px;bottom:1091px;letter-spacing:1.17px;word-spacing:-0.37px;display:inline;\">(ii) Ativos financeiros ao justo valor atrav\u00e9s de outro rendimento integral </div>\n<div class=\"t s1_32_171\" id=\"t7_32_171\" style=\"left:110px;bottom:1050px;letter-spacing:0.72px;word-spacing:-0.26px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"t8_32_171\" style=\"left:110px;bottom:1025px;letter-spacing:0.78px;word-spacing:0.04px;display:inline;\">rendimento integral\u201d se cumprir cumulativamente as seguintes condi\u00e7\u00f5es: </div>\n<div class=\"t s1_32_171\" id=\"t9_32_171\" style=\"left:110px;bottom:985px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio em que o objetivo \u00e9 a recolha dos seus fluxos de </div>\n<div class=\"t s1_32_171\" id=\"ta_32_171\" style=\"left:110px;bottom:960px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\">caixa contratuais e a venda desse ativo financeiro; e, </div>\n<div class=\"t s1_32_171\" id=\"tb_32_171\" style=\"left:110px;bottom:920px;letter-spacing:0.63px;word-spacing:4.39px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div>\n<div class=\"t s1_32_171\" id=\"tc_32_171\" style=\"left:110px;bottom:894px;letter-spacing:0.77px;word-spacing:0.05px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida (SPPI). </div>\n<div class=\"t s1_32_171\" id=\"td_32_171\" style=\"left:110px;bottom:854px;letter-spacing:0.76px;word-spacing:0.96px;display:inline;\">Adicionalmente, no reconhecimento inicial de um instrumento de capital que n\u00e3o seja detido para </div>\n<div class=\"t s1_32_171\" id=\"te_32_171\" style=\"left:110px;bottom:829px;letter-spacing:0.76px;word-spacing:0.06px;display:inline;\">negocia\u00e7\u00e3o, e em que n\u00e3o se verifique uma retribui\u00e7\u00e3o contingente reconhecida por um adquirente </div>\n<div class=\"t s1_32_171\" id=\"tf_32_171\" style=\"left:110px;bottom:804px;letter-spacing:0.64px;word-spacing:3.08px;display:inline;\">numa concentra\u00e7\u00e3o de atividades empresariais \u00e0 qual se aplica a IFRS 3, o Grupo pode optar </div>\n<div class=\"t s1_32_171\" id=\"tg_32_171\" style=\"left:110px;bottom:779px;letter-spacing:0.74px;word-spacing:-0.49px;display:inline;\">irrevogavelmente por classific\u00e1-lo na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"th_32_171\" style=\"left:110px;bottom:754px;letter-spacing:0.9px;word-spacing:-0.07px;display:inline;\">rendimento integral\". </div>\n<div class=\"t s1_32_171\" id=\"ti_32_171\" style=\"left:110px;bottom:714px;letter-spacing:0.77px;word-spacing:1.51px;display:inline;\">Os instrumentos de capital ao justo valor atrav\u00e9s de outro rendimento integral s\u00e3o reconhecidos </div>\n<div class=\"t s1_32_171\" id=\"tj_32_171\" style=\"left:110px;bottom:688px;letter-spacing:0.69px;word-spacing:3.05px;display:inline;\">inicialmente pelo seu justo valor acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o </div>\n<div class=\"t s1_32_171\" id=\"tk_32_171\" style=\"left:110px;bottom:663px;letter-spacing:0.71px;word-spacing:0.12px;display:inline;\">mensurados ao justo valor. As varia\u00e7\u00f5es no justo valor destes ativos financeiros s\u00e3o registadas por </div>\n<div class=\"t s1_32_171\" id=\"tl_32_171\" style=\"left:110px;bottom:638px;letter-spacing:0.73px;word-spacing:0.43px;display:inline;\">contrapartida de outro rendimento integral. Os dividendos s\u00e3o reconhecidos em resultados quando </div>\n<div class=\"t s1_32_171\" id=\"tm_32_171\" style=\"left:110px;bottom:613px;letter-spacing:0.77px;word-spacing:0.03px;display:inline;\">for atribu\u00eddo o direito ao seu recebimento. </div>\n<div class=\"t s1_32_171\" id=\"tn_32_171\" style=\"left:110px;bottom:573px;letter-spacing:0.83px;word-spacing:-0.04px;display:inline;\">O investimento detido nas a\u00e7\u00f5es da Oi (de 0,18% em 31 de dezembro de 2024 e durante 2025 at\u00e9 </div>\n<div class=\"t s1_32_171\" id=\"to_32_171\" style=\"left:110px;bottom:548px;letter-spacing:0.81px;word-spacing:0.01px;display:inline;\">a sua liquida\u00e7\u00e3o total) encontra-se mensurado ao justo valor atrav\u00e9s de outro rendimento integral, </div>\n<div class=\"t s1_32_171\" id=\"tp_32_171\" style=\"left:110px;bottom:523px;letter-spacing:0.7px;word-spacing:1.94px;display:inline;\">sendo os ganhos e perdas decorrentes de varia\u00e7\u00f5es de justo valor reconhecidas diretamente no </div>\n<div class=\"t s1_32_171\" id=\"tq_32_171\" style=\"left:110px;bottom:498px;letter-spacing:0.77px;word-spacing:0.06px;display:inline;\">outro rendimento integral, conforme op\u00e7\u00e3o da IFRS9. </div>\n<div class=\"t s2_32_171\" id=\"tr_32_171\" style=\"left:165px;bottom:457px;letter-spacing:1.12px;word-spacing:-0.33px;display:inline;\"><span>(iii) Ativos financeiros ao justo valor atrav\u00e9s de resultados </span></div>\n<div class=\"t s1_32_171\" id=\"ts_32_171\" style=\"left:110px;bottom:417px;letter-spacing:0.7px;word-spacing:2.67px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de </div>\n<div class=\"t s1_32_171\" id=\"tt_32_171\" style=\"left:110px;bottom:392px;letter-spacing:0.66px;word-spacing:-0.01px;display:inline;\">resultados\u201d se o modelo de neg\u00f3cio definido para a sua gest\u00e3o ou as caracter\u00edsticas dos seus fluxos </div>\n<div class=\"t s1_32_171\" id=\"tu_32_171\" style=\"left:110px;bottom:367px;letter-spacing:0.69px;word-spacing:2.33px;display:inline;\">de caixa contratuais n\u00e3o cumprirem as condi\u00e7\u00f5es acima descritas para ser mensurado ao custo </div>\n<div class=\"t s1_32_171\" id=\"tv_32_171\" style=\"left:110px;bottom:342px;letter-spacing:0.82px;word-spacing:-0.02px;display:inline;\">amortizado, nem ao justo valor atrav\u00e9s de outro rendimento integral (FVOCI). </div>\n<div class=\"t s1_32_171\" id=\"tw_32_171\" style=\"left:110px;bottom:301px;letter-spacing:0.69px;word-spacing:2.46px;display:inline;\">Adicionalmente, o PHAROL pode designar irrevogavelmente um ativo financeiro, que cumpra os </div>\n<div class=\"t s1_32_171\" id=\"tx_32_171\" style=\"left:110px;bottom:276px;letter-spacing:0.71px;word-spacing:-0.27px;display:inline;\">crit\u00e9rios para ser mensurado ao custo amortizado ou ao FVOCI, ao justo valor atrav\u00e9s de resultados </div>\n<div class=\"t s1_32_171\" id=\"ty_32_171\" style=\"left:110px;bottom:251px;letter-spacing:0.77px;word-spacing:3.71px;display:inline;\">no momento do seu reconhecimento inicial, se tal eliminar ou reduzir significativamente uma </div>\n<div class=\"t s1_32_171\" id=\"tz_32_171\" style=\"left:110px;bottom:226px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">incoer\u00eancia na mensura\u00e7\u00e3o ou no reconhecimento, que de outra forma resultaria da mensura\u00e7\u00e3o de </div>\n<div class=\"t s1_32_171\" id=\"t10_32_171\" style=\"left:110px;bottom:201px;letter-spacing:0.68px;word-spacing:-0.63px;display:inline;\">ativos ou passivos ou do reconhecimento de ganhos e perdas sobre os mesmos em diferentes bases. </div>\n<div class=\"t s1_32_171\" id=\"t11_32_171\" style=\"left:110px;bottom:161px;letter-spacing:0.65px;word-spacing:0.18px;display:inline;\">A PHAROL classificou os \u201cAtivos financeiros ao justo valor atrav\u00e9s de resultados\u201d em \u201cOutros Ativos </div>\n<div class=\"t s1_32_171\" id=\"t12_32_171\" style=\"left:110px;bottom:136px;letter-spacing:0.76px;word-spacing:0.42px;display:inline;\">N\u00e3o Correntes\"(Rio Forte) e em \u201cAtivos Financeiros\u201d (carteiras de investimentos), ambos em Ativo </div>\n<div class=\"t s1_32_171\" id=\"t13_32_171\" style=\"left:110px;bottom:111px;letter-spacing:0.65px;word-spacing:0.17px;display:inline;\">N\u00e3o Corrente. </div><div></div><div class=\"t s0_33\" id=\"t3_33\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.89px;display:inline;\">Considerando que as transa\u00e7\u00f5es efetuadas pela Empresa no decurso normal da sua atividade s\u00e3o </div><div class=\"t s0_33\" id=\"t4_33\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:0.08px;display:inline;\">realizadas em condi\u00e7\u00f5es de mercado, os ativos financeiros ao justo valor atrav\u00e9s de resultados s\u00e3o </div><div class=\"t s0_33\" id=\"t5_33\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.31px;display:inline;\">reconhecidos inicialmente ao seu justo valor, com os custos ou proveitos associados \u00e0s transa\u00e7\u00f5es </div><div class=\"t s0_33\" id=\"t6_33\" style=\"left:143px;bottom:1017px;letter-spacing:-0.01px;word-spacing:0.92px;display:inline;\">reconhecidos em resultados no momento inicial. As varia\u00e7\u00f5es subsequentes de justo valor destes </div><div class=\"t s0_33\" id=\"t7_33\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">ativos financeiros s\u00e3o reconhecidas em resultados. </div><div class=\"t s0_33\" id=\"t8_33\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:1.77px;display:inline;\">A periodifica\u00e7\u00e3o dos juros e do pr\u00e9mio/desconto (quando aplic\u00e1vel) \u00e9 reconhecida na rubrica de </div><div class=\"t s0_33\" id=\"t9_33\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.08px;display:inline;\">\"Juros obtidos, l\u00edquidos\", com base na taxa de juro efetiva de cada transa\u00e7\u00e3o. Os dividendos s\u00e3o </div><div class=\"t s0_33\" id=\"ta_33\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">reconhecidos em resultados quando for atribu\u00eddo o direito ao seu recebimento. </div><div class=\"t s0_33\" id=\"tb_33\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:-1.1px;display:inline;\">Os investimentos nos t\u00edtulos de d\u00edvida emitidos pela Rio Forte encontram-se mensurados pela melhor </div><div class=\"t s0_33\" id=\"tc_33\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.89px;display:inline;\">estimativa do seu justo valor a cada data de relato, estando as varia\u00e7\u00f5es de justo valor reconhecidas </div><div class=\"t s0_33\" id=\"td_33\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o correntes\u201d. </div><div class=\"t s0_33\" id=\"te_33\" style=\"left:143px;bottom:786px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">As carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es adquiridas em agosto de 2022 e agosto de </div><div class=\"t s0_33\" id=\"tf_33\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:1.59px;display:inline;\">2023 encontram-se registadas pelo valor de mercado, estando as varia\u00e7\u00f5es de justo valor a ser </div><div class=\"t s0_33\" id=\"tg_33\" style=\"left:143px;bottom:739px;letter-spacing:-0.03px;word-spacing:1.96px;display:inline;\">reconhecidas na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o </div><div class=\"t s0_33\" id=\"th_33\" style=\"left:143px;bottom:715px;letter-spacing:-0.02px;display:inline;\"><span>correntes\u201d.</span> </div><div class=\"t s1_33\" id=\"ti_33\" style=\"left:195px;bottom:677px;letter-spacing:-0.04px;word-spacing:0.03px;display:inline;\"><span>(iv) Passivos financeiros e instrumentos de capital pr\u00f3prio </span></div><div class=\"t s0_33\" id=\"tj_33\" style=\"left:143px;bottom:639px;letter-spacing:-0.02px;word-spacing:0.62px;display:inline;\">Os passivos financeiros e os instrumentos de capital pr\u00f3prio emitidos pelo Grupo s\u00e3o classificados </div><div class=\"t s0_33\" id=\"tk_33\" style=\"left:143px;bottom:616px;letter-spacing:-0.03px;word-spacing:2.29px;display:inline;\">de acordo com a subst\u00e2ncia contratual da transa\u00e7\u00e3o e com a defini\u00e7\u00e3o do passivo financeiro e </div><div class=\"t s0_33\" id=\"tl_33\" style=\"left:143px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.6px;display:inline;\">instrumento de capital pr\u00f3prio. Os instrumentos de capital pr\u00f3prio s\u00e3o contratos que evidenciam um </div><div class=\"t s0_33\" id=\"tm_33\" style=\"left:143px;bottom:568px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">interesse residual nos ativos do Grupo ap\u00f3s dedu\u00e7\u00e3o dos passivos. </div><div class=\"t s0_33\" id=\"tn_33\" style=\"left:143px;bottom:531px;letter-spacing:-0.02px;word-spacing:1.86px;display:inline;\">Os instrumentos de capital pr\u00f3prio emitidos pelas empresas do Grupo s\u00e3o registados pelo valor </div><div class=\"t s0_33\" id=\"to_33\" style=\"left:143px;bottom:507px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\"><span>recebido, l\u00edquido de custos de emiss\u00e3o.</span> </div><div class=\"t s1_33\" id=\"tp_33\" style=\"left:195px;bottom:469px;letter-spacing:-0.05px;word-spacing:0.07px;display:inline;\"><span>(v) Contas a pagar (Nota 14) </span></div><div class=\"t s0_33\" id=\"tq_33\" style=\"left:143px;bottom:431px;letter-spacing:-0.01px;word-spacing:1.1px;display:inline;\">As contas a pagar s\u00e3o registadas pelo seu valor nominal, que \u00e9 substancialmente equivalente ao </div><div class=\"t s0_33\" id=\"tr_33\" style=\"left:143px;bottom:407px;letter-spacing:-0.04px;word-spacing:0.11px;display:inline;\"><span>seu justo valor.</span> </div><div class=\"t s1_33\" id=\"ts_33\" style=\"left:195px;bottom:370px;letter-spacing:-0.05px;word-spacing:0.06px;display:inline;\"><span>(vi) A\u00e7\u00f5es pr\u00f3prias (Nota 17) </span></div><div class=\"t s0_33\" id=\"tt_33\" style=\"left:143px;bottom:332px;letter-spacing:-0.04px;word-spacing:2.41px;display:inline;\">As a\u00e7\u00f5es pr\u00f3prias s\u00e3o contabilizadas pelo seu valor de aquisi\u00e7\u00e3o como uma redu\u00e7\u00e3o do capital </div><div class=\"t s0_33\" id=\"tu_33\" style=\"left:143px;bottom:308px;letter-spacing:-0.01px;word-spacing:-0.49px;display:inline;\">pr\u00f3prio na rubrica \u201cA\u00e7\u00f5es pr\u00f3prias\u201d, e os ganhos ou perdas inerentes \u00e0 sua aliena\u00e7\u00e3o s\u00e3o registados </div><div class=\"t s0_33\" id=\"tv_33\" style=\"left:143px;bottom:284px;letter-spacing:-0.03px;word-spacing:-0.17px;display:inline;\"><span>em \u201cResultados acumulados\u201d.</span> </div><div class=\"t s1_33\" id=\"tw_33\" style=\"left:195px;bottom:246px;letter-spacing:-0.06px;word-spacing:0.09px;display:inline;\"><span>(vii) Caixa e equivalentes de caixa e investimentos de curto prazo (Nota 18) </span></div><div class=\"t s0_33\" id=\"tx_33\" style=\"left:143px;bottom:209px;letter-spacing:-0.04px;word-spacing:1.65px;display:inline;\">Os montantes inclu\u00eddos na rubrica \u201cCaixa e equivalentes de caixa\u201d correspondem aos valores de </div><div class=\"t s0_33\" id=\"ty_33\" style=\"left:143px;bottom:185px;letter-spacing:-0.02px;word-spacing:0.73px;display:inline;\">caixa, dep\u00f3sitos banc\u00e1rios, dep\u00f3sitos a prazo e outros, venc\u00edveis em ou a menos de tr\u00eas meses e </div><div class=\"t s0_33\" id=\"tz_33\" style=\"left:143px;bottom:162px;letter-spacing:-0.03px;word-spacing:0.79px;display:inline;\">que possam ser imediatamente mobiliz\u00e1veis e com risco insignificante de altera\u00e7\u00e3o de valor. Para </div><div class=\"t s0_33\" id=\"t10_33\" style=\"left:143px;bottom:138px;letter-spacing:-0.01px;word-spacing:1.07px;display:inline;\">efeitos da Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, a rubrica de \u201cCaixa e equivalentes de </div><div></div><div class=\"t s0_34\" id=\"t3_34\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">caixa\u201d compreende tamb\u00e9m os descobertos banc\u00e1rios inclu\u00eddos na Demonstra\u00e7\u00e3o Consolidada da </div><div class=\"t s0_34\" id=\"t4_34\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:-0.05px;display:inline;\"><span>Posi\u00e7\u00e3o Financeira na rubrica de \u201cD\u00edvida de curto prazo\u201d, quando aplic\u00e1vel.</span> </div><div class=\"t s1_34\" id=\"t5_34\" style=\"left:164px;bottom:1026px;letter-spacing:-0.06px;display:inline;\"><span>g) </span></div><div class=\"t s1_34\" id=\"t6_34\" style=\"left:190px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">Loca\u00e7\u00f5es (a empresa como locat\u00e1ria) </div><div class=\"t s2_34\" id=\"t7_34\" style=\"left:195px;bottom:988px;letter-spacing:-0.06px;display:inline;\">Reconhecimento </div><div class=\"t s0_34\" id=\"t8_34\" style=\"left:143px;bottom:950px;letter-spacing:-0.02px;word-spacing:0.45px;display:inline;\">A Empresa reconhece um direito de uso de um ativo e um passivo de loca\u00e7\u00e3o na data de in\u00edcio do </div><div class=\"t s0_34\" id=\"t9_34\" style=\"left:143px;bottom:927px;letter-spacing:-0.03px;word-spacing:2.99px;display:inline;\">contrato de arrendamento. O direito de uso do ativo \u00e9 inicialmente mensurado ao custo, que </div><div class=\"t s0_34\" id=\"ta_34\" style=\"left:143px;bottom:904px;letter-spacing:-0.02px;word-spacing:0.82px;display:inline;\">compreende o valor inicial da responsabilidade de loca\u00e7\u00e3o ajustada por quaisquer pagamentos de </div><div class=\"t s0_34\" id=\"tb_34\" style=\"left:143px;bottom:880px;letter-spacing:-0.02px;word-spacing:1.07px;display:inline;\">loca\u00e7\u00e3o feitos em/ou antes da data de in\u00edcio, al\u00e9m de quaisquer custos diretos iniciais incorridos, </div><div class=\"t s0_34\" id=\"tc_34\" style=\"left:143px;bottom:856px;letter-spacing:-0.02px;word-spacing:0.42px;display:inline;\">assim como uma estimativa dos custos de desmantelamento e remo\u00e7\u00e3o do ativo subjacente (caso </div><div class=\"t s0_34\" id=\"td_34\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">aplic\u00e1vel), deduzido de qualquer incentivo concedido. </div><div class=\"t s0_34\" id=\"te_34\" style=\"left:143px;bottom:795px;letter-spacing:-0.03px;word-spacing:0.07px;display:inline;\">A responsabilidade da loca\u00e7\u00e3o \u00e9 inicialmente reconhecida pelo valor presente das rendas ainda n\u00e3o </div><div class=\"t s0_34\" id=\"tf_34\" style=\"left:143px;bottom:771px;letter-spacing:-0.01px;word-spacing:-0.26px;display:inline;\">pagas \u00e0 data do contrato de loca\u00e7\u00e3o, descontando os juros a uma taxa de juro impl\u00edcita na loca\u00e7\u00e3o, </div><div class=\"t s0_34\" id=\"tg_34\" style=\"left:143px;bottom:748px;letter-spacing:-0.01px;word-spacing:1.6px;display:inline;\">ou no caso em que n\u00e3o seja poss\u00edvel determinar esta taxa facilmente, utilizando a taxa de juro </div><div class=\"t s0_34\" id=\"th_34\" style=\"left:143px;bottom:724px;letter-spacing:-0.02px;word-spacing:0.73px;display:inline;\">incremental da Empresa. Em geral, a Empresa utiliza a sua taxa de juro incremental como a taxa </div><div class=\"t s0_34\" id=\"ti_34\" style=\"left:143px;bottom:701px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">de desconto a aplicar. </div><div class=\"t s0_34\" id=\"tj_34\" style=\"left:143px;bottom:663px;letter-spacing:-0.03px;display:inline;\">Pagamentos de loca\u00e7\u00e3o inclu\u00eddos na mensura\u00e7\u00e3o do passivo de loca\u00e7\u00e3o incluem o seguinte: </div><div class=\"t s3_34\" id=\"tk_34\" style=\"left:169px;bottom:625px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tl_34\" style=\"left:195px;bottom:625px;letter-spacing:-0.04px;word-spacing:0.05px;display:inline;\">pagamentos fixos, deduzidos de quaisquer incentivos j\u00e1 recebidos; </div><div class=\"t s3_34\" id=\"tm_34\" style=\"left:169px;bottom:602px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tn_34\" style=\"left:195px;bottom:601px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">pagamentos de loca\u00e7\u00e3o vari\u00e1vel, dependente de uma determinada taxa ou \u00edndice; </div><div class=\"t s3_34\" id=\"to_34\" style=\"left:169px;bottom:578px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tp_34\" style=\"left:195px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">montantes que sejam devidos ao abrigo de uma garantia do valor residual; </div><div class=\"t s3_34\" id=\"tq_34\" style=\"left:169px;bottom:555px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tr_34\" style=\"left:195px;bottom:554px;letter-spacing:-0.04px;word-spacing:-0.17px;display:inline;\">pre\u00e7o de exerc\u00edcio da op\u00e7\u00e3o de compra, se for razoavelmente certo que o locat\u00e1rio exer\u00e7a a </div><div class=\"t s0_34\" id=\"ts_34\" style=\"left:195px;bottom:531px;letter-spacing:0.02px;word-spacing:-0.21px;display:inline;\">op\u00e7\u00e3o; e </div><div class=\"t s3_34\" id=\"tt_34\" style=\"left:169px;bottom:508px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tu_34\" style=\"left:195px;bottom:507px;letter-spacing:-0.04px;word-spacing:2.53px;display:inline;\">pagamento de penalidades pelo t\u00e9rmino do contrato, se for razoavelmente certo que o </div><div class=\"t s0_34\" id=\"tv_34\" style=\"left:195px;bottom:483px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">locat\u00e1rio cancele o contrato. </div><div class=\"t s0_34\" id=\"tw_34\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:1.66px;display:inline;\">A responsabilidade por loca\u00e7\u00f5es \u00e9 remensurada quando se verificam altera\u00e7\u00f5es nos pagamentos </div><div class=\"t s0_34\" id=\"tx_34\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.96px;display:inline;\">futuros derivados de uma altera\u00e7\u00e3o da taxa ou \u00edndice, se ocorrer uma altera\u00e7\u00e3o na estimativa da </div><div class=\"t s0_34\" id=\"ty_34\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:0.07px;display:inline;\">Empresa do montante que dever\u00e1 ser pago sob uma garantia de valor residual, ou caso a Empresa </div><div class=\"t s0_34\" id=\"tz_34\" style=\"left:143px;bottom:389px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">altere a sua avalia\u00e7\u00e3o acerca da op\u00e7\u00e3o de exerc\u00edcio de compra, sua extens\u00e3o ou rescis\u00e3o. </div><div class=\"t s0_34\" id=\"t10_34\" style=\"left:143px;bottom:351px;letter-spacing:-0.03px;word-spacing:3.2px;display:inline;\">Quando a responsabilidade por loca\u00e7\u00f5es \u00e9 remensurada, o valor do direito de uso \u00e9 tamb\u00e9m </div><div class=\"t s0_34\" id=\"t11_34\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">ajustado, ou \u00e9 registado um lucro ou preju\u00edzo na demonstra\u00e7\u00e3o de resultados, se a quantia </div><div class=\"t s0_34\" id=\"t12_34\" style=\"left:143px;bottom:304px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">escriturada do ativo do direito de uso j\u00e1 se encontrava reduzida a zero. </div><div class=\"t s0_34\" id=\"t13_34\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:1.49px;display:inline;\">O Grupo apresenta os direitos de uso de ativos e as responsabilidades por loca\u00e7\u00f5es em rubricas </div><div class=\"t s0_34\" id=\"t14_34\" style=\"left:143px;bottom:243px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">devidamente segregadas na demonstra\u00e7\u00e3o consolidada da posi\u00e7\u00e3o financeira. </div><div class=\"t s2_34\" id=\"t15_34\" style=\"left:195px;bottom:205px;letter-spacing:-0.04px;word-spacing:0.04px;display:inline;\">Loca\u00e7\u00f5es financeiras de curto prazo ou loca\u00e7\u00f5es de ativos de baixo valor </div><div class=\"t s0_34\" id=\"t16_34\" style=\"left:143px;bottom:167px;letter-spacing:-0.04px;word-spacing:-0.53px;display:inline;\">A Empresa n\u00e3o reconhece como direitos de uso de ativos ou responsabilidade de loca\u00e7\u00f5es, contratos </div><div class=\"t s0_34\" id=\"t17_34\" style=\"left:143px;bottom:143px;letter-spacing:-0.02px;word-spacing:1.59px;display:inline;\">de loca\u00e7\u00e3o de dura\u00e7\u00e3o inferior a 12 meses ou loca\u00e7\u00f5es de baixo valor. A Empresa reconhece os </div><div></div><div class=\"t s0_35\" id=\"t3_35\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.25px;display:inline;\">disp\u00eandios associados a estas loca\u00e7\u00f5es, como um custo do exerc\u00edcio durante o per\u00edodo de vida dos </div><div class=\"t s0_35\" id=\"t4_35\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;display:inline;\">contratos. </div><div class=\"t s1_35\" id=\"t5_35\" style=\"left:195px;bottom:1026px;letter-spacing:-0.04px;display:inline;\">Amortiza\u00e7\u00e3o </div><div class=\"t s0_35\" id=\"t6_35\" style=\"left:143px;bottom:988px;letter-spacing:-0.02px;word-spacing:-0.29px;display:inline;\"><span>O direito de uso do ativo \u00e9 depreciado utilizando o m\u00e9todo de deprecia\u00e7\u00e3o linear, com base no mais </span></div><div class=\"t s0_35\" id=\"t7_35\" style=\"left:143px;bottom:965px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">baixo de entre a vida \u00fatil do ativo do direito de uso ou o fim do prazo da loca\u00e7\u00e3o. A vida \u00fatil estimada </div><div class=\"t s0_35\" id=\"t8_35\" style=\"left:143px;bottom:941px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\"><span>dos ativos do direito de uso \u00e9 determinada na mesma base que para os restantes ativos tang\u00edveis.</span> </div><div class=\"t s1_35\" id=\"t9_35\" style=\"left:195px;bottom:904px;letter-spacing:-0.05px;display:inline;\">Imparidades </div><div class=\"t s0_35\" id=\"ta_35\" style=\"left:143px;bottom:866px;letter-spacing:-0.02px;word-spacing:-0.63px;display:inline;\">O direito de uso do ativo \u00e9 periodicamente reduzido por perdas de imparidade, e ajustado por certas </div><div class=\"t s0_35\" id=\"tb_35\" style=\"left:143px;bottom:842px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">varia\u00e7\u00f5es da obriga\u00e7\u00e3o por loca\u00e7\u00f5es associadas ao ativo. </div><div class=\"t s1_35\" id=\"tc_35\" style=\"left:195px;bottom:804px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\"><span>Estimativas contabil\u00edsticas e julgamentos </span></div><div class=\"t s1_35\" id=\"td_35\" style=\"left:195px;bottom:766px;letter-spacing:-0.05px;word-spacing:0.1px;display:inline;\">Vidas \u00fateis, valores residuais dos ativos e taxas de desconto </div><div class=\"t s0_35\" id=\"te_35\" style=\"left:143px;bottom:728px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">O apuramento dos valores residuais dos ativos, estimativa das vidas \u00fateis e taxas de desconto t\u00eam </div><div class=\"t s0_35\" id=\"tf_35\" style=\"left:143px;bottom:705px;letter-spacing:-0.03px;word-spacing:2.13px;display:inline;\">por base premissas dos contratos de loca\u00e7\u00e3o (ou ativos similares) e s\u00e3o definidos baseados no </div><div class=\"t s0_35\" id=\"tg_35\" style=\"left:143px;bottom:681px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\"><span>julgamento da Gest\u00e3o, assim como as melhores pr\u00e1ticas em uso pelo setor.</span> </div><div class=\"t s2_35\" id=\"th_35\" style=\"left:164px;bottom:643px;letter-spacing:-0.06px;display:inline;\"><span>h) </span></div><div class=\"t s2_35\" id=\"ti_35\" style=\"left:190px;bottom:643px;letter-spacing:-0.06px;word-spacing:0.08px;display:inline;\">Imposto sobre o rendimento </div><div class=\"t s0_35\" id=\"tj_35\" style=\"left:143px;bottom:605px;letter-spacing:-0.03px;word-spacing:0.3px;display:inline;\">O imposto sobre o rendimento do per\u00edodo \u00e9 reconhecido de acordo com o preconizado pela IAS 12 </div><div class=\"t s0_35\" id=\"tk_35\" style=\"left:143px;bottom:582px;letter-spacing:-0.03px;word-spacing:-0.24px;display:inline;\">Impostos sobre o Rendimento (\u201cIAS 12\u201d), sendo composto por imposto corrente e imposto diferido. </div><div class=\"t s0_35\" id=\"tl_35\" style=\"left:143px;bottom:544px;word-spacing:-0.13px;display:inline;\">Na mensura\u00e7\u00e3o do custo relativo ao imposto sobre o rendimento do per\u00edodo, para al\u00e9m do imposto </div><div class=\"t s0_35\" id=\"tm_35\" style=\"left:143px;bottom:520px;letter-spacing:-0.01px;word-spacing:0.06px;display:inline;\">corrente \u00e9 ainda considerado o efeito do imposto diferido, calculado com base na diferen\u00e7a entre o </div><div class=\"t s0_35\" id=\"tn_35\" style=\"left:143px;bottom:497px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">valor contabil\u00edstico dos ativos e passivos em determinado momento e o correspondente valor para </div><div class=\"t s0_35\" id=\"to_35\" style=\"left:143px;bottom:473px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">efeitos fiscais. </div><div class=\"t s0_35\" id=\"tp_35\" style=\"left:143px;bottom:435px;letter-spacing:-0.04px;word-spacing:5.78px;display:inline;\">Os passivos por impostos diferidos s\u00e3o geralmente reconhecidos para todas as diferen\u00e7as </div><div class=\"t s0_35\" id=\"tq_35\" style=\"left:143px;bottom:411px;letter-spacing:-0.03px;word-spacing:0.38px;display:inline;\">tempor\u00e1rias tribut\u00e1veis, e os ativos por impostos diferidos apenas s\u00e3o reconhecidos quando exista </div><div class=\"t s0_35\" id=\"tr_35\" style=\"left:143px;bottom:388px;letter-spacing:-0.02px;word-spacing:1.68px;display:inline;\">razo\u00e1vel seguran\u00e7a de que estes poder\u00e3o vir a ser utilizados na redu\u00e7\u00e3o do resultado tribut\u00e1vel </div><div class=\"t s0_35\" id=\"ts_35\" style=\"left:143px;bottom:364px;letter-spacing:-0.03px;word-spacing:1.8px;display:inline;\">futuro, ou quando existam impostos diferidos passivos cuja revers\u00e3o seja expect\u00e1vel ocorrer no </div><div class=\"t s0_35\" id=\"tt_35\" style=\"left:143px;bottom:341px;letter-spacing:-0.02px;word-spacing:1.12px;display:inline;\">mesmo per\u00edodo em que os impostos diferidos ativos sejam revertidos. Na data da Demonstra\u00e7\u00e3o </div><div class=\"t s0_35\" id=\"tu_35\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:1.27px;display:inline;\">Consolidada da Posi\u00e7\u00e3o Financeira, \u00e9 efetuada uma revis\u00e3o desses ativos por impostos diferidos, </div><div class=\"t s0_35\" id=\"tv_35\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.05px;display:inline;\">sendo os mesmos reduzidos sempre que deixe de ser prov\u00e1vel a sua utiliza\u00e7\u00e3o futura. </div><div class=\"t s0_35\" id=\"tw_35\" style=\"left:143px;bottom:256px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">O montante de imposto a incluir quer no imposto corrente, quer no imposto diferido, que resulte de </div><div class=\"t s0_35\" id=\"tx_35\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:-0.21px;display:inline;\">transa\u00e7\u00f5es ou eventos reconhecidos diretamente no capital pr\u00f3prio, \u00e9 registado diretamente nestas </div><div class=\"t s0_35\" id=\"ty_35\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.13px;display:inline;\">mesmas rubricas. Deste modo, o impacto de altera\u00e7\u00f5es na taxa de imposto tamb\u00e9m \u00e9 reconhecido </div><div class=\"t s0_35\" id=\"tz_35\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:0.64px;display:inline;\">no resultado l\u00edquido, exceto quando se refere a itens reconhecidos diretamente no capital pr\u00f3prio, </div><div class=\"t s0_35\" id=\"t10_35\" style=\"left:143px;bottom:162px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\"><span>caso em que esse impacto tamb\u00e9m \u00e9 reconhecido diretamente no capital pr\u00f3prio.</span> </div><div></div><div class=\"t s1_36\" id=\"t3_36\" style=\"left:164px;bottom:1088px;letter-spacing:-0.03px;display:inline;\"><span>i) </span></div><div class=\"t s1_36\" id=\"t4_36\" style=\"left:190px;bottom:1088px;letter-spacing:-0.05px;word-spacing:0.02px;display:inline;\">Saldos e transa\u00e7\u00f5es em moeda estrangeira </div><div class=\"t s0_36\" id=\"t5_36\" style=\"left:143px;bottom:1050px;letter-spacing:-0.01px;word-spacing:2.11px;display:inline;\">As transa\u00e7\u00f5es em moeda estrangeira s\u00e3o convertidas para Euros \u00e0 taxa de c\u00e2mbio da data da </div><div class=\"t s0_36\" id=\"t6_36\" style=\"left:143px;bottom:1026px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">transa\u00e7\u00e3o. Na data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, \u00e9 efetuada a atualiza\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"t7_36\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.12px;display:inline;\">cambial de ativos e passivos, aplicando a taxa de fecho. As diferen\u00e7as cambiais da\u00ed resultantes s\u00e3o </div><div class=\"t s0_36\" id=\"t8_36\" style=\"left:143px;bottom:979px;letter-spacing:-0.03px;word-spacing:-0.81px;display:inline;\">reconhecidas na Demonstra\u00e7\u00e3o Consolidada dos Resultados do per\u00edodo em que foram determinadas. </div><div class=\"t s0_36\" id=\"t9_36\" style=\"left:143px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">As varia\u00e7\u00f5es cambiais geradas em itens n\u00e3o monet\u00e1rios, incluindo o </div><div class=\"t s2_36\" id=\"ta_36\" style=\"left:586px;bottom:956px;letter-spacing:-0.02px;display:inline;\">goodwill</div><div class=\"t s0_36\" id=\"tb_36\" style=\"left:639px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.72px;display:inline;\">, e em itens monet\u00e1rios </div><div class=\"t s0_36\" id=\"tc_36\" style=\"left:143px;bottom:932px;letter-spacing:-0.01px;word-spacing:-0.6px;display:inline;\">que constituam extens\u00e3o do investimento e cujo reembolso n\u00e3o seja previs\u00edvel num futuro pr\u00f3ximo, </div><div class=\"t s0_36\" id=\"td_36\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:0.63px;display:inline;\">s\u00e3o reconhecidas diretamente no capital pr\u00f3prio na rubrica \u201cAjustamentos de convers\u00e3o cambial\u201d, </div><div class=\"t s0_36\" id=\"te_36\" style=\"left:143px;bottom:885px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">sendo apresentadas na Demonstra\u00e7\u00e3o Consolidada do Rendimento Integral. </div><div class=\"t s0_36\" id=\"tf_36\" style=\"left:143px;bottom:847px;letter-spacing:-0.03px;word-spacing:0.81px;display:inline;\">A convers\u00e3o para Euros de demonstra\u00e7\u00f5es financeiras de empresas participadas denominadas em </div><div class=\"t s0_36\" id=\"tg_36\" style=\"left:143px;bottom:824px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">moeda estrangeira \u00e9 efetuada considerando as seguintes taxas de c\u00e2mbio: </div><div class=\"t s3_36\" id=\"th_36\" style=\"left:169px;bottom:786px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"ti_36\" style=\"left:195px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.04px;display:inline;\">Taxa de c\u00e2mbio vigente \u00e0 data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, para a </div><div class=\"t s0_36\" id=\"tj_36\" style=\"left:195px;bottom:762px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">convers\u00e3o dos ativos e passivos; </div><div class=\"t s3_36\" id=\"tk_36\" style=\"left:169px;bottom:739px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"tl_36\" style=\"left:195px;bottom:739px;letter-spacing:-0.02px;word-spacing:4.23px;display:inline;\">Taxa de c\u00e2mbio m\u00e9dia do per\u00edodo, para a convers\u00e3o das rubricas da Demonstra\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"tm_36\" style=\"left:195px;bottom:715px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">Consolidada dos Resultados; </div><div class=\"t s3_36\" id=\"tn_36\" style=\"left:169px;bottom:692px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"to_36\" style=\"left:195px;bottom:691px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Taxa de c\u00e2mbio m\u00e9dia do per\u00edodo, para a convers\u00e3o dos fluxos de caixa (nos casos em que </div><div class=\"t s0_36\" id=\"tp_36\" style=\"left:195px;bottom:668px;word-spacing:-0.15px;display:inline;\">essa taxa de c\u00e2mbio se aproxime da taxa real, sendo que para os restantes fluxos de caixa </div><div class=\"t s0_36\" id=\"tq_36\" style=\"left:195px;bottom:644px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">\u00e9 utilizada a taxa de c\u00e2mbio da data das opera\u00e7\u00f5es); e </div><div class=\"t s3_36\" id=\"tr_36\" style=\"left:169px;bottom:621px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"ts_36\" style=\"left:195px;bottom:621px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">Taxa de c\u00e2mbio hist\u00f3rica, para a convers\u00e3o das rubricas do capital pr\u00f3prio. </div><div class=\"t s0_36\" id=\"tt_36\" style=\"left:143px;bottom:574px;letter-spacing:-0.04px;word-spacing:3.53px;display:inline;\">As diferen\u00e7as de c\u00e2mbio originadas na convers\u00e3o s\u00e3o inclu\u00eddas no capital pr\u00f3prio, na rubrica </div><div class=\"t s0_36\" id=\"tu_36\" style=\"left:143px;bottom:550px;letter-spacing:-0.03px;word-spacing:4.25px;display:inline;\">\"Ajustamentos de convers\u00e3o cambial\", e s\u00e3o apresentadas na Demonstra\u00e7\u00e3o Consolidada do </div><div class=\"t s0_36\" id=\"tv_36\" style=\"left:143px;bottom:526px;letter-spacing:-0.03px;word-spacing:1.67px;display:inline;\">Rendimento Integral. De acordo com o IAS 21, quando ocorre uma redu\u00e7\u00e3o do investimento da </div><div class=\"t s0_36\" id=\"tw_36\" style=\"left:143px;bottom:503px;letter-spacing:-0.03px;word-spacing:2.64px;display:inline;\">PHAROL SGPS numa entidade estrangeira, atrav\u00e9s da venda ou reembolso de capital, o efeito </div><div class=\"t s0_36\" id=\"tx_36\" style=\"left:143px;bottom:479px;letter-spacing:-0.04px;word-spacing:-0.2px;display:inline;\">acumulado dos ajustamentos de convers\u00e3o cambial \u00e9 transferido para a Demonstra\u00e7\u00e3o Consolidada </div><div class=\"t s0_36\" id=\"ty_36\" style=\"left:143px;bottom:456px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">de Resultados, de forma proporcional \u00e0 redu\u00e7\u00e3o ocorrida no investimento. </div><div class=\"t s0_36\" id=\"tz_36\" style=\"left:143px;bottom:418px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">A PHAROL SGPS optou por utilizar a exce\u00e7\u00e3o prevista no IFRS 1, transferindo o montante relativo a </div><div class=\"t s0_36\" id=\"t10_36\" style=\"left:143px;bottom:394px;letter-spacing:-0.03px;word-spacing:0.32px;display:inline;\">varia\u00e7\u00f5es cambiais acumuladas at\u00e9 \u00e0 data da transi\u00e7\u00e3o, contabilizado na rubrica de \u201cAjustamentos </div><div class=\"t s0_36\" id=\"t11_36\" style=\"left:143px;bottom:371px;letter-spacing:-0.02px;word-spacing:-0.55px;display:inline;\">de convers\u00e3o cambial\u201d em 1 de janeiro de 2004, para a rubrica de \u201cResultados transitados\u201d. A partir </div><div class=\"t s0_36\" id=\"t12_36\" style=\"left:143px;bottom:347px;letter-spacing:-0.01px;word-spacing:0.79px;display:inline;\">de 1 de janeiro de 2004, o Grupo come\u00e7ou a registar diretamente no capital pr\u00f3prio as varia\u00e7\u00f5es </div><div class=\"t s0_36\" id=\"t13_36\" style=\"left:143px;bottom:324px;letter-spacing:-0.01px;word-spacing:0.38px;display:inline;\">cambiais permitidas pelos IFRS, passando as varia\u00e7\u00f5es cambiais geradas ap\u00f3s a data de transi\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"t14_36\" style=\"left:143px;bottom:300px;letter-spacing:-0.01px;word-spacing:0.21px;display:inline;\">a ser reconhecidas na Demonstra\u00e7\u00e3o Consolidada dos Resultados apenas na data da aliena\u00e7\u00e3o dos </div><div class=\"t s0_36\" id=\"t15_36\" style=\"left:143px;bottom:276px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\"><span>respetivos investimentos financeiros ou quando se verifica o reembolso do investimento efetuado.</span> </div><div class=\"t s1_36\" id=\"t16_36\" style=\"left:164px;bottom:238px;letter-spacing:-0.04px;display:inline;\"><span>j) </span></div><div class=\"t s1_36\" id=\"t17_36\" style=\"left:190px;bottom:238px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">Encargos financeiros com empr\u00e9stimos </div><div class=\"t s0_36\" id=\"t18_36\" style=\"left:143px;bottom:200px;letter-spacing:-0.02px;word-spacing:1.48px;display:inline;\">Os custos de empr\u00e9stimos obtidos que sejam diretamente atribu\u00edveis \u00e0 aquisi\u00e7\u00e3o, constru\u00e7\u00e3o ou </div><div class=\"t s0_36\" id=\"t19_36\" style=\"left:143px;bottom:177px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">produ\u00e7\u00e3o de um ativo que se qualifica como parte do custo desse ativo s\u00e3o objeto de capitaliza\u00e7\u00e3o. </div><div class=\"t s0_36\" id=\"t1a_36\" style=\"left:143px;bottom:154px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\">Os outros custos de empr\u00e9stimos obtidos s\u00e3o reconhecidos como um gasto no per\u00edodo em que sejam </div><div class=\"t s0_36\" id=\"t1b_36\" style=\"left:143px;bottom:130px;letter-spacing:-0.03px;word-spacing:1.78px;display:inline;\">incorridos de acordo com o princ\u00edpio da especializa\u00e7\u00e3o dos exerc\u00edcios e em conformidade com o </div><div class=\"t s0_36\" id=\"t1c_36\" style=\"left:143px;bottom:106px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\"><span>m\u00e9todo da taxa de juro efetiva.</span> </div><div></div><div class=\"t s1_37\" id=\"t3_37\" style=\"left:164px;bottom:1088px;letter-spacing:-0.05px;display:inline;\"><span>k) </span></div><div class=\"t s1_37\" id=\"t4_37\" style=\"left:190px;bottom:1088px;letter-spacing:-0.05px;word-spacing:0.12px;display:inline;\">Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa </div><div class=\"t s0_37\" id=\"t5_37\" style=\"left:143px;bottom:1050px;letter-spacing:-0.04px;word-spacing:0.63px;display:inline;\">A Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa \u00e9 preparada de acordo com a IAS 7, atrav\u00e9s do </div><div class=\"t s0_37\" id=\"t6_37\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:2.65px;display:inline;\">m\u00e9todo direto. O Grupo classifica na rubrica \u201cCaixa e equivalentes de caixa\u201d os investimentos </div><div class=\"t s0_37\" id=\"t7_37\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">venc\u00edveis a menos de tr\u00eas meses e para os quais o risco de altera\u00e7\u00e3o de valor \u00e9 insignificante. Para </div><div class=\"t s0_37\" id=\"t8_37\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.94px;display:inline;\">efeitos da Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, a rubrica de caixa e equivalentes de caixa </div><div class=\"t s0_37\" id=\"t9_37\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">compreende tamb\u00e9m os descobertos banc\u00e1rios inclu\u00eddos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_37\" id=\"ta_37\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Financeira na rubrica \u201cD\u00edvida de curto prazo\u201d. </div><div class=\"t s0_37\" id=\"tb_37\" style=\"left:143px;bottom:894px;letter-spacing:-0.02px;word-spacing:-0.59px;display:inline;\">Os fluxos de caixa s\u00e3o classificados na Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, dependendo </div><div class=\"t s0_37\" id=\"tc_37\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:0.76px;display:inline;\">da sua natureza, em (1) atividades operacionais; (2) atividades de investimento; e (3) atividades </div><div class=\"t s0_37\" id=\"td_37\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.98px;display:inline;\">de financiamento. As atividades operacionais englobam essencialmente os recebimentos de clientes, </div><div class=\"t s0_37\" id=\"te_37\" style=\"left:143px;bottom:824px;letter-spacing:-0.03px;word-spacing:3.74px;display:inline;\">e os pagamentos a fornecedores, ao pessoal, de benef\u00edcios de reforma, de imposto sobre o </div><div class=\"t s0_37\" id=\"tf_37\" style=\"left:143px;bottom:800px;letter-spacing:-0.03px;word-spacing:3.17px;display:inline;\">rendimento e de impostos indiretos l\u00edquidos. Os fluxos de caixa abrangidos nas atividades de </div><div class=\"t s0_37\" id=\"tg_37\" style=\"left:143px;bottom:776px;letter-spacing:-0.03px;word-spacing:5.31px;display:inline;\">investimento incluem, nomeadamente, aquisi\u00e7\u00f5es e aliena\u00e7\u00f5es de investimentos financeiros, </div><div class=\"t s0_37\" id=\"th_37\" style=\"left:143px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.65px;display:inline;\">dividendos recebidos de empresas associadas e recebimentos e pagamentos decorrentes da compra </div><div class=\"t s0_37\" id=\"ti_37\" style=\"left:143px;bottom:729px;letter-spacing:-0.02px;word-spacing:-0.27px;display:inline;\">e venda de ativos imobilizados. Os fluxos de caixa relacionados com as atividades de financiamento </div><div class=\"t s0_37\" id=\"tj_37\" style=\"left:143px;bottom:706px;letter-spacing:-0.03px;word-spacing:4.36px;display:inline;\">incluem, designadamente, os pagamentos e recebimentos referentes a empr\u00e9stimos obtidos, </div><div class=\"t s0_37\" id=\"tk_37\" style=\"left:143px;bottom:682px;letter-spacing:-0.02px;word-spacing:1.81px;display:inline;\">pagamentos relacionados com juros e despesas relacionadas, a aquisi\u00e7\u00e3o de a\u00e7\u00f5es pr\u00f3prias e o </div><div class=\"t s0_37\" id=\"tl_37\" style=\"left:143px;bottom:659px;letter-spacing:-0.03px;word-spacing:0.04px;display:inline;\"><span>pagamento de dividendos.</span> </div><div class=\"t s1_37\" id=\"tm_37\" style=\"left:164px;bottom:621px;letter-spacing:-0.03px;display:inline;\">l) </div><div class=\"t s1_37\" id=\"tn_37\" style=\"left:190px;bottom:621px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Eventos subsequentes (Nota 22) </div><div class=\"t s0_37\" id=\"to_37\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:4.6px;display:inline;\">Os eventos ocorridos ap\u00f3s a data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira que </div><div class=\"t s0_37\" id=\"tp_37\" style=\"left:143px;bottom:559px;letter-spacing:-0.03px;word-spacing:0.55px;display:inline;\">proporcionem informa\u00e7\u00e3o adicional sobre condi\u00e7\u00f5es que existiam \u00e0 data da referida demonstra\u00e7\u00e3o </div><div class=\"t s0_37\" id=\"tq_37\" style=\"left:143px;bottom:536px;letter-spacing:-0.01px;word-spacing:1.11px;display:inline;\">s\u00e3o considerados na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras do per\u00edodo. Os eventos ocorridos </div><div class=\"t s0_37\" id=\"tr_37\" style=\"left:143px;bottom:512px;letter-spacing:-0.01px;word-spacing:-1.28px;display:inline;\">ap\u00f3s a data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira que proporcionem informa\u00e7\u00e3o sobre </div><div class=\"t s0_37\" id=\"ts_37\" style=\"left:143px;bottom:488px;letter-spacing:-0.02px;word-spacing:4.36px;display:inline;\">condi\u00e7\u00f5es que ocorram ap\u00f3s a data da referida demonstra\u00e7\u00e3o s\u00e3o divulgados nas notas \u00e0s </div><div class=\"t s0_37\" id=\"tt_37\" style=\"left:143px;bottom:465px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">demonstra\u00e7\u00f5es financeiras consolidadas, se materiais. </div><div class=\"t s2_37\" id=\"tu_37\" style=\"left:195px;bottom:427px;letter-spacing:-0.06px;word-spacing:0.13px;display:inline;\"><span>Julgamentos e estimativas </span></div><div class=\"t s0_37\" id=\"tv_37\" style=\"left:143px;bottom:389px;letter-spacing:-0.02px;word-spacing:0.29px;display:inline;\">Na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras consolidadas de acordo com os IFRS, o Conselho de </div><div class=\"t s0_37\" id=\"tw_37\" style=\"left:143px;bottom:365px;letter-spacing:-0.01px;word-spacing:2.47px;display:inline;\">Administra\u00e7\u00e3o da PHAROL SGPS utiliza estimativas e pressupostos que afetam a aplica\u00e7\u00e3o das </div><div class=\"t s0_37\" id=\"tx_37\" style=\"left:143px;bottom:342px;letter-spacing:-0.01px;word-spacing:-1.04px;display:inline;\">pol\u00edticas contabil\u00edsticas e os montantes reportados. As estimativas e julgamentos s\u00e3o continuamente </div><div class=\"t s0_37\" id=\"ty_37\" style=\"left:143px;bottom:318px;letter-spacing:-0.03px;word-spacing:-1.06px;display:inline;\">avaliados e baseiam-se na experi\u00eancia de eventos passados e noutros fatores, incluindo expectativas </div><div class=\"t s0_37\" id=\"tz_37\" style=\"left:143px;bottom:295px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">relativas a eventos futuros considerados prov\u00e1veis face \u00e0s circunst\u00e2ncias em que as estimativas s\u00e3o </div><div class=\"t s0_37\" id=\"t10_37\" style=\"left:143px;bottom:271px;letter-spacing:-0.02px;word-spacing:0.63px;display:inline;\">baseadas ou resultado de uma informa\u00e7\u00e3o ou experi\u00eancia adquirida. As estimativas contabil\u00edsticas </div><div class=\"t s0_37\" id=\"t11_37\" style=\"left:143px;bottom:248px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">mais significativas refletidas nas demonstra\u00e7\u00f5es financeiras consolidadas s\u00e3o como segue: </div><div class=\"t s2_37\" id=\"t12_37\" style=\"left:169px;bottom:210px;letter-spacing:-0.01px;display:inline;\">(a) </div><div class=\"t s2_37\" id=\"t13_37\" style=\"left:195px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.31px;display:inline;\">Valoriza\u00e7\u00e3o do investimento na Oi </div><div class=\"t s0_37\" id=\"t14_37\" style=\"left:445px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.36px;display:inline;\">\u2013 Em 5 de maio de 2014, a Empresa valorizou a nova </div><div class=\"t s0_37\" id=\"t15_37\" style=\"left:195px;bottom:186px;letter-spacing:-0.01px;word-spacing:-0.95px;display:inline;\">participa\u00e7\u00e3o na Oi, adquirida na sequ\u00eancia da combina\u00e7\u00e3o de neg\u00f3cios efetuada nessa altura </div><div class=\"t s0_37\" id=\"t16_37\" style=\"left:195px;bottom:163px;word-spacing:0.94px;display:inline;\">com a Oi, tendo por base o pre\u00e7o das a\u00e7\u00f5es da Oi no aumento de capital realizado nesta </div><div class=\"t s0_37\" id=\"t17_37\" style=\"left:195px;bottom:139px;letter-spacing:-0.02px;word-spacing:1.8px;display:inline;\">data, tendo-se, a partir desta data, apropriado da sua quota-parte nos resultados da Oi </div><div class=\"t s0_37\" id=\"t18_37\" style=\"left:195px;bottom:116px;letter-spacing:-0.01px;word-spacing:0.43px;display:inline;\">atrav\u00e9s da aplica\u00e7\u00e3o do m\u00e9todo da equival\u00eancia patrimonial. Adicionalmente, a partir de 8 </div><div></div><div class=\"t s0_38\" id=\"t3_38\" style=\"left:195px;bottom:1088px;letter-spacing:-0.01px;word-spacing:-0.32px;display:inline;\">de setembro de 2014, a parcela do investimento na Oi a entregar no \u00e2mbito do Contrato de </div><div class=\"t s0_38\" id=\"t4_38\" style=\"left:195px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">Permuta foi classificada como ativo n\u00e3o corrente detido para venda e mensurado ao justo </div><div class=\"t s0_38\" id=\"t5_38\" style=\"left:195px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-1.11px;display:inline;\">valor a partir dessa data, at\u00e9 \u00e0 execu\u00e7\u00e3o da permuta em 30 de mar\u00e7o de 2015. At\u00e9 dezembro </div><div class=\"t s0_38\" id=\"t6_38\" style=\"left:195px;bottom:1017px;letter-spacing:-0.02px;word-spacing:1.48px;display:inline;\">de 2017 este investimento estava valorizado pelo m\u00e9todo de equival\u00eancia patrimonial. A </div><div class=\"t s0_38\" id=\"t7_38\" style=\"left:195px;bottom:994px;letter-spacing:-0.03px;word-spacing:4.56px;display:inline;\">partir dessa data e nomeadamente em 31 de dezembro de 2024, a valoriza\u00e7\u00e3o do </div><div class=\"t s0_38\" id=\"t8_38\" style=\"left:195px;bottom:970px;letter-spacing:-0.02px;word-spacing:1.13px;display:inline;\">investimento detido na Oi baseou-se no seu valor de mercado, nomeadamente a cota\u00e7\u00e3o </div><div class=\"t s0_38\" id=\"t9_38\" style=\"left:195px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.25px;display:inline;\">bolsista, dado que a PHAROL perdeu a influ\u00eancia significativa que detinha. Em dezembro de </div><div class=\"t s0_38\" id=\"ta_38\" style=\"left:195px;bottom:923px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">2025, a PHAROL j\u00e1 n\u00e3o detinha qualquer participa\u00e7\u00e3o na Oi. </div><div class=\"t s1_38\" id=\"tb_38\" style=\"left:169px;bottom:899px;letter-spacing:-0.07px;display:inline;\">(b) </div><div class=\"t s1_38\" id=\"tc_38\" style=\"left:195px;bottom:899px;letter-spacing:-0.04px;word-spacing:2.97px;display:inline;\">Valoriza\u00e7\u00e3o do instrumento Rio Forte </div><div class=\"t s0_38\" id=\"td_38\" style=\"left:485px;bottom:899px;letter-spacing:-0.07px;word-spacing:3.15px;display:inline;\">\u2013 A 30 de mar\u00e7o de 2015 foram obtidos os </div><div class=\"t s0_38\" id=\"te_38\" style=\"left:195px;bottom:876px;letter-spacing:-0.03px;word-spacing:0.62px;display:inline;\">instrumentos Rio Forte na sequ\u00eancia da execu\u00e7\u00e3o da permuta relativa \u00e0s a\u00e7\u00f5es Oi. A essa </div><div class=\"t s0_38\" id=\"tf_38\" style=\"left:195px;bottom:852px;letter-spacing:-0.02px;word-spacing:1.26px;display:inline;\">data, ap\u00f3s consulta com o mercado, a Empresa valorizou o instrumento por 15% do seu </div><div class=\"t s0_38\" id=\"tg_38\" style=\"left:195px;bottom:829px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">valor nocional. Esta valoriza\u00e7\u00e3o foi revista a 30 de setembro de 2016, com uma redu\u00e7\u00e3o no </div><div class=\"t s0_38\" id=\"th_38\" style=\"left:195px;bottom:805px;letter-spacing:-0.02px;word-spacing:2.14px;display:inline;\">valor nocional para 9,56% e a 31 de dezembro de 2017 e 2019, para 8,32% e 7,02% </div><div class=\"t s0_38\" id=\"ti_38\" style=\"left:195px;bottom:782px;letter-spacing:-0.03px;word-spacing:3.99px;display:inline;\">respetivamente. A 31 de dezembro de 2020, existiu uma nova revis\u00e3o em baixa de </div><div class=\"t s0_38\" id=\"tj_38\" style=\"left:195px;bottom:758px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">recupera\u00e7\u00e3o do valor nominal para 5,79%, o que equivale a uma redu\u00e7\u00e3o de 11,1 milh\u00f5es </div><div class=\"t s0_38\" id=\"tk_38\" style=\"left:195px;bottom:734px;letter-spacing:-0.02px;word-spacing:-0.25px;display:inline;\">de Euros para o montante de 51,9 milh\u00f5es de Euros. A 31 de dezembro de 2025, este valor </div><div class=\"t s0_38\" id=\"tl_38\" style=\"left:195px;bottom:711px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">manteve-se (Nota 13). </div><div class=\"t s1_38\" id=\"tm_38\" style=\"left:169px;bottom:687px;letter-spacing:-0.01px;display:inline;\">(c) </div><div class=\"t s1_38\" id=\"tn_38\" style=\"left:195px;bottom:687px;letter-spacing:-0.06px;word-spacing:2.49px;display:inline;\">Valoriza\u00e7\u00e3o e vida \u00fatil de ativos intang\u00edveis e tang\u00edveis </div><div class=\"t s0_38\" id=\"to_38\" style=\"left:620px;bottom:687px;letter-spacing:-0.05px;word-spacing:2.4px;display:inline;\">\u2013 A PHAROL SGPS utiliza </div><div class=\"t s0_38\" id=\"tp_38\" style=\"left:195px;bottom:664px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">estimativas para determinar a vida \u00fatil dos seus ativos tang\u00edveis (Nota 3). </div><div class=\"t s1_38\" id=\"tq_38\" style=\"left:169px;bottom:640px;letter-spacing:-0.07px;display:inline;\">(d) </div><div class=\"t s1_38\" id=\"tr_38\" style=\"left:195px;bottom:640px;letter-spacing:-0.05px;word-spacing:0.49px;display:inline;\">Reconhecimento de provis\u00f5es e ajustamentos </div><div class=\"t s0_38\" id=\"ts_38\" style=\"left:535px;bottom:640px;letter-spacing:-0.04px;word-spacing:0.41px;display:inline;\">\u2013 A PHAROL SGPS \u00e9 parte em diversos </div><div class=\"t s0_38\" id=\"tt_38\" style=\"left:195px;bottom:617px;letter-spacing:-0.01px;word-spacing:2.63px;display:inline;\">processos judiciais em curso para os quais, com base na opini\u00e3o dos seus advogados, </div><div class=\"t s0_38\" id=\"tu_38\" style=\"left:195px;bottom:593px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">efetuou um julgamento para determinar o reconhecimento de eventual provis\u00e3o para fazer </div><div class=\"t s0_38\" id=\"tv_38\" style=\"left:195px;bottom:569px;letter-spacing:-0.02px;word-spacing:5.4px;display:inline;\">face a essas conting\u00eancias. Os ajustamentos para contas a receber s\u00e3o calculados </div><div class=\"t s0_38\" id=\"tw_38\" style=\"left:195px;bottom:546px;letter-spacing:-0.01px;word-spacing:-0.26px;display:inline;\">essencialmente com base na antiguidade das contas a receber, o perfil de risco dos clientes </div><div class=\"t s0_38\" id=\"tx_38\" style=\"left:195px;bottom:522px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">e a situa\u00e7\u00e3o financeira dos mesmos. </div><div class=\"t s0_38\" id=\"ty_38\" style=\"left:143px;bottom:485px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">As estimativas foram determinadas com base na melhor informa\u00e7\u00e3o dispon\u00edvel \u00e0 data da prepara\u00e7\u00e3o </div><div class=\"t s0_38\" id=\"tz_38\" style=\"left:143px;bottom:461px;letter-spacing:-0.02px;word-spacing:1.45px;display:inline;\">das demonstra\u00e7\u00f5es financeiras consolidadas. No entanto, poder\u00e3o ocorrer situa\u00e7\u00f5es em per\u00edodos </div><div class=\"t s0_38\" id=\"t10_38\" style=\"left:143px;bottom:437px;letter-spacing:-0.01px;word-spacing:3.29px;display:inline;\">subsequentes que, n\u00e3o sendo previs\u00edveis \u00e0 data, n\u00e3o foram consideradas nessas estimativas. </div><div class=\"t s0_38\" id=\"t11_38\" style=\"left:143px;bottom:414px;letter-spacing:-0.04px;word-spacing:-0.54px;display:inline;\">Conforme disposto na IAS 8, altera\u00e7\u00f5es a estas estimativas, que ocorram posteriormente \u00e0 data das </div><span>demonstra\u00e7\u00f5es financeiras consolidadas, s\u00e3o corrigidas em resultados de forma prospetiva.</span>",
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    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00245": {
   "value": "<span>b) </span><div class=\"t s8_29\" id=\"t1e_29\" style=\"left:190px;bottom:584px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">Ativos tang\u00edveis </div><div class=\"t s0_29\" id=\"t1f_29\" style=\"left:143px;bottom:546px;letter-spacing:-0.02px;word-spacing:3.37px;display:inline;\">Os ativos tang\u00edveis encontram-se registados ao custo de aquisi\u00e7\u00e3o, deduzido de deprecia\u00e7\u00f5es </div><div class=\"t s0_29\" id=\"t1g_29\" style=\"left:143px;bottom:523px;letter-spacing:-0.04px;word-spacing:2.7px;display:inline;\">acumuladas, subs\u00eddios ao investimento e perdas por imparidade, quando aplic\u00e1vel. O custo de </div><div class=\"t s0_29\" id=\"t1h_29\" style=\"left:143px;bottom:499px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">aquisi\u00e7\u00e3o inclui: (1) o pre\u00e7o de compra do ativo; (2) as despesas diretamente imput\u00e1veis \u00e0 compra; </div><div class=\"t s0_29\" id=\"t1i_29\" style=\"left:143px;bottom:476px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">e (3) os custos estimados de desmantelamento, remo\u00e7\u00e3o dos ativos e requalifica\u00e7\u00e3o do local. </div><div class=\"t s0_29\" id=\"t1j_29\" style=\"left:143px;bottom:438px;letter-spacing:-0.02px;word-spacing:0.26px;display:inline;\">A deprecia\u00e7\u00e3o dos ativos tang\u00edveis, deduzidos do seu valor residual, \u00e9 reconhecida a partir do m\u00eas </div><div class=\"t s0_29\" id=\"t1k_29\" style=\"left:143px;bottom:414px;letter-spacing:-0.02px;word-spacing:0.59px;display:inline;\">em que se encontram dispon\u00edveis para utiliza\u00e7\u00e3o de acordo com o m\u00e9todo das quotas constantes, </div><div class=\"t s0_29\" id=\"t1l_29\" style=\"left:143px;bottom:391px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">durante a vida \u00fatil dos ativos, a qual \u00e9 determinada em fun\u00e7\u00e3o da utilidade esperada. O per\u00edodo de </div><div class=\"t s0_29\" id=\"t1m_29\" style=\"left:143px;bottom:367px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">deprecia\u00e7\u00e3o dos ativos tang\u00edveis \u00e9 revisto anualmente e ajustado sempre que necess\u00e1rio de modo </div><div class=\"t s0_29\" id=\"t1n_29\" style=\"left:143px;bottom:344px;letter-spacing:-0.01px;word-spacing:1.11px;display:inline;\">a refletir as vidas \u00fateis estimadas. As taxas de deprecia\u00e7\u00e3o usadas correspondem, em m\u00e9dia, \u00e0s </div><div class=\"t s0_29\" id=\"t1o_29\" style=\"left:143px;bottom:320px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">seguintes vidas \u00fateis estimadas: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1p_29\" style=\"left:730px;bottom:272px;letter-spacing:-0.22px;display:inline;\">Anos </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1q_29\" style=\"left:149px;bottom:251px;letter-spacing:-0.24px;word-spacing:0.02px;display:inline;\">Edif\u00edcios e outras constru\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1r_29\" style=\"left:727px;bottom:251px;letter-spacing:-0.32px;word-spacing:0.22px;display:inline;\">3 - 50 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1s_29\" style=\"left:149px;bottom:230px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Equipamento de transporte </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1t_29\" style=\"left:731px;bottom:230px;display:inline;\">4 </div> <div class=\"t s9_29\" id=\"t1u_29\" style=\"left:742px;bottom:230px;display:inline;\">- </div> <div class=\"t s9_29\" id=\"t1v_29\" style=\"left:751px;bottom:230px;display:inline;\">8 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1w_29\" style=\"left:149px;bottom:209px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">Ferramentas e utens\u00edlios </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1x_29\" style=\"left:730px;bottom:209px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">4 - 8 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1y_29\" style=\"left:149px;bottom:188px;letter-spacing:-0.26px;word-spacing:0.02px;display:inline;\">Equipamento administrativo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1z_29\" style=\"left:727px;bottom:188px;letter-spacing:-0.32px;word-spacing:0.22px;display:inline;\">3 - 10 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t20_29\" style=\"left:149px;bottom:167px;letter-spacing:-0.24px;word-spacing:0.07px;display:inline;\">Outros ativos tang\u00edveis </div></td>\n\t\t\t<td class=\"tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t21_29\" style=\"left:731px;bottom:167px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">4 - 8 </div></td>\n\t\t</tr>\n\t\n</table><div></div><div class=\"t s0_30\" id=\"t3_30\" style=\"left:143px;bottom:1088px;letter-spacing:-0.01px;word-spacing:-0.62px;display:inline;\">As perdas estimadas decorrentes da substitui\u00e7\u00e3o de equipamentos antes do fim da sua vida \u00fatil, por </div><div class=\"t s0_30\" id=\"t4_30\" style=\"left:143px;bottom:1064px;letter-spacing:-0.04px;word-spacing:-0.25px;display:inline;\">motivos de obsolesc\u00eancia tecnol\u00f3gica, bem como as perdas por imparidade, s\u00e3o reconhecidas como </div><div class=\"t s0_30\" id=\"t5_30\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">uma dedu\u00e7\u00e3o ao valor do ativo respetivo por contrapartida de resultados do per\u00edodo. Os encargos </div><div class=\"t s0_30\" id=\"t6_30\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">com manuten\u00e7\u00e3o e repara\u00e7\u00f5es de natureza corrente s\u00e3o registados como custo, quando incorridos. </div><div class=\"t s0_30\" id=\"t7_30\" style=\"left:143px;bottom:994px;letter-spacing:-0.02px;word-spacing:0.28px;display:inline;\">Os custos significativos incorridos com renova\u00e7\u00f5es ou melhorias significativas nos ativos tang\u00edveis, </div><div class=\"t s0_30\" id=\"t8_30\" style=\"left:143px;bottom:970px;letter-spacing:-0.04px;word-spacing:4.59px;display:inline;\">s\u00e3o capitalizados e amortizados no correspondente per\u00edodo estimado de recupera\u00e7\u00e3o desses </div><div class=\"t s0_30\" id=\"t9_30\" style=\"left:143px;bottom:947px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">investimentos, quando os mesmos possam ser mensurados de uma forma fi\u00e1vel. </div><div class=\"t s0_30\" id=\"ta_30\" style=\"left:143px;bottom:909px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Os ganhos e perdas nas aliena\u00e7\u00f5es de ativos tang\u00edveis, determinados pela diferen\u00e7a entre o valor </div><div class=\"t s0_30\" id=\"tb_30\" style=\"left:143px;bottom:885px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">de venda e o respetivo valor contabil\u00edstico, s\u00e3o contabilizados em resultados na rubrica \u201cPerdas </div><span>(ganhos) com a aliena\u00e7\u00e3o de ativos fixos l\u00edquidos\u201d.</span>",
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    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00244": {
   "value": "<span>b) </span><div class=\"t s8_29\" id=\"t1e_29\" style=\"left:190px;bottom:584px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">Ativos tang\u00edveis </div><div class=\"t s0_29\" id=\"t1f_29\" style=\"left:143px;bottom:546px;letter-spacing:-0.02px;word-spacing:3.37px;display:inline;\">Os ativos tang\u00edveis encontram-se registados ao custo de aquisi\u00e7\u00e3o, deduzido de deprecia\u00e7\u00f5es </div><div class=\"t s0_29\" id=\"t1g_29\" style=\"left:143px;bottom:523px;letter-spacing:-0.04px;word-spacing:2.7px;display:inline;\">acumuladas, subs\u00eddios ao investimento e perdas por imparidade, quando aplic\u00e1vel. O custo de </div><div class=\"t s0_29\" id=\"t1h_29\" style=\"left:143px;bottom:499px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">aquisi\u00e7\u00e3o inclui: (1) o pre\u00e7o de compra do ativo; (2) as despesas diretamente imput\u00e1veis \u00e0 compra; </div><div class=\"t s0_29\" id=\"t1i_29\" style=\"left:143px;bottom:476px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">e (3) os custos estimados de desmantelamento, remo\u00e7\u00e3o dos ativos e requalifica\u00e7\u00e3o do local. </div><div class=\"t s0_29\" id=\"t1j_29\" style=\"left:143px;bottom:438px;letter-spacing:-0.02px;word-spacing:0.26px;display:inline;\">A deprecia\u00e7\u00e3o dos ativos tang\u00edveis, deduzidos do seu valor residual, \u00e9 reconhecida a partir do m\u00eas </div><div class=\"t s0_29\" id=\"t1k_29\" style=\"left:143px;bottom:414px;letter-spacing:-0.02px;word-spacing:0.59px;display:inline;\">em que se encontram dispon\u00edveis para utiliza\u00e7\u00e3o de acordo com o m\u00e9todo das quotas constantes, </div><div class=\"t s0_29\" id=\"t1l_29\" style=\"left:143px;bottom:391px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">durante a vida \u00fatil dos ativos, a qual \u00e9 determinada em fun\u00e7\u00e3o da utilidade esperada. O per\u00edodo de </div><div class=\"t s0_29\" id=\"t1m_29\" style=\"left:143px;bottom:367px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">deprecia\u00e7\u00e3o dos ativos tang\u00edveis \u00e9 revisto anualmente e ajustado sempre que necess\u00e1rio de modo </div><div class=\"t s0_29\" id=\"t1n_29\" style=\"left:143px;bottom:344px;letter-spacing:-0.01px;word-spacing:1.11px;display:inline;\">a refletir as vidas \u00fateis estimadas. As taxas de deprecia\u00e7\u00e3o usadas correspondem, em m\u00e9dia, \u00e0s </div><div class=\"t s0_29\" id=\"t1o_29\" style=\"left:143px;bottom:320px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">seguintes vidas \u00fateis estimadas: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1p_29\" style=\"left:730px;bottom:272px;letter-spacing:-0.22px;display:inline;\">Anos </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1q_29\" style=\"left:149px;bottom:251px;letter-spacing:-0.24px;word-spacing:0.02px;display:inline;\">Edif\u00edcios e outras constru\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1r_29\" style=\"left:727px;bottom:251px;letter-spacing:-0.32px;word-spacing:0.22px;display:inline;\">3 - 50 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1s_29\" style=\"left:149px;bottom:230px;letter-spacing:-0.25px;word-spacing:-0.12px;display:inline;\">Equipamento de transporte </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1t_29\" style=\"left:731px;bottom:230px;display:inline;\">4 </div> <div class=\"t s9_29\" id=\"t1u_29\" style=\"left:742px;bottom:230px;display:inline;\">- </div> <div class=\"t s9_29\" id=\"t1v_29\" style=\"left:751px;bottom:230px;display:inline;\">8 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1w_29\" style=\"left:149px;bottom:209px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">Ferramentas e utens\u00edlios </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1x_29\" style=\"left:730px;bottom:209px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">4 - 8 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1y_29\" style=\"left:149px;bottom:188px;letter-spacing:-0.26px;word-spacing:0.02px;display:inline;\">Equipamento administrativo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t1z_29\" style=\"left:727px;bottom:188px;letter-spacing:-0.32px;word-spacing:0.22px;display:inline;\">3 - 10 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t20_29\" style=\"left:149px;bottom:167px;letter-spacing:-0.24px;word-spacing:0.07px;display:inline;\">Outros ativos tang\u00edveis </div></td>\n\t\t\t<td class=\"tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s9_29\" id=\"t21_29\" style=\"left:731px;bottom:167px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">4 - 8 </div></td>\n\t\t</tr>\n\t\n</table><div></div><div class=\"t s0_30\" id=\"t3_30\" style=\"left:143px;bottom:1088px;letter-spacing:-0.01px;word-spacing:-0.62px;display:inline;\">As perdas estimadas decorrentes da substitui\u00e7\u00e3o de equipamentos antes do fim da sua vida \u00fatil, por </div><div class=\"t s0_30\" id=\"t4_30\" style=\"left:143px;bottom:1064px;letter-spacing:-0.04px;word-spacing:-0.25px;display:inline;\">motivos de obsolesc\u00eancia tecnol\u00f3gica, bem como as perdas por imparidade, s\u00e3o reconhecidas como </div><div class=\"t s0_30\" id=\"t5_30\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">uma dedu\u00e7\u00e3o ao valor do ativo respetivo por contrapartida de resultados do per\u00edodo. Os encargos </div><div class=\"t s0_30\" id=\"t6_30\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">com manuten\u00e7\u00e3o e repara\u00e7\u00f5es de natureza corrente s\u00e3o registados como custo, quando incorridos. </div><div class=\"t s0_30\" id=\"t7_30\" style=\"left:143px;bottom:994px;letter-spacing:-0.02px;word-spacing:0.28px;display:inline;\">Os custos significativos incorridos com renova\u00e7\u00f5es ou melhorias significativas nos ativos tang\u00edveis, </div><div class=\"t s0_30\" id=\"t8_30\" style=\"left:143px;bottom:970px;letter-spacing:-0.04px;word-spacing:4.59px;display:inline;\">s\u00e3o capitalizados e amortizados no correspondente per\u00edodo estimado de recupera\u00e7\u00e3o desses </div><div class=\"t s0_30\" id=\"t9_30\" style=\"left:143px;bottom:947px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">investimentos, quando os mesmos possam ser mensurados de uma forma fi\u00e1vel. </div><div class=\"t s0_30\" id=\"ta_30\" style=\"left:143px;bottom:909px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Os ganhos e perdas nas aliena\u00e7\u00f5es de ativos tang\u00edveis, determinados pela diferen\u00e7a entre o valor </div><div class=\"t s0_30\" id=\"tb_30\" style=\"left:143px;bottom:885px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">de venda e o respetivo valor contabil\u00edstico, s\u00e3o contabilizados em resultados na rubrica \u201cPerdas </div><span>(ganhos) com a aliena\u00e7\u00e3o de ativos fixos l\u00edquidos\u201d.</span><span>O direito de uso do ativo \u00e9 depreciado utilizando o m\u00e9todo de deprecia\u00e7\u00e3o linear, com base no mais </span><div class=\"t s0_35\" id=\"t7_35\" style=\"left:143px;bottom:965px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">baixo de entre a vida \u00fatil do ativo do direito de uso ou o fim do prazo da loca\u00e7\u00e3o. A vida \u00fatil estimada </div><span>dos ativos do direito de uso \u00e9 determinada na mesma base que para os restantes ativos tang\u00edveis.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00246": {
   "value": "<span>c) </span><div class=\"t s1_30\" id=\"te_30\" style=\"left:190px;bottom:824px;letter-spacing:-0.04px;word-spacing:0.1px;display:inline;\">Ativos intang\u00edveis </div><div class=\"t s0_30\" id=\"tf_30\" style=\"left:143px;bottom:786px;letter-spacing:-0.02px;word-spacing:0.57px;display:inline;\">Quando existentes, os ativos intang\u00edveis encontram-se registados ao custo de aquisi\u00e7\u00e3o, deduzido </div><div class=\"t s0_30\" id=\"tg_30\" style=\"left:143px;bottom:762px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">das amortiza\u00e7\u00f5es acumuladas e das perdas por imparidade, quando aplic\u00e1vel. Os ativos intang\u00edveis </div><div class=\"t s0_30\" id=\"th_30\" style=\"left:143px;bottom:739px;letter-spacing:-0.03px;word-spacing:0.91px;display:inline;\">apenas s\u00e3o reconhecidos quando for prov\u00e1vel que deles advenham benef\u00edcios econ\u00f3micos futuros </div><span>para o Grupo e que os mesmos possam ser mensurados com fiabilidade.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00249": {
   "value": "<span>d) </span><div class=\"t s1_30\" id=\"tk_30\" style=\"left:190px;bottom:677px;letter-spacing:-0.04px;word-spacing:0.01px;display:inline;\">Imparidade de ativos tang\u00edveis e intang\u00edveis </div><div class=\"t s0_30\" id=\"tl_30\" style=\"left:143px;bottom:639px;letter-spacing:-0.01px;word-spacing:1.64px;display:inline;\">As empresas do Grupo efetuam testes de imparidade dos seus ativos sempre que ocorra algum </div><div class=\"t s0_30\" id=\"tm_30\" style=\"left:143px;bottom:616px;letter-spacing:-0.02px;word-spacing:1.1px;display:inline;\">evento ou altera\u00e7\u00e3o que indiquem que o montante pelo qual o ativo se encontra registado possa </div><div class=\"t s0_30\" id=\"tn_30\" style=\"left:143px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.77px;display:inline;\">n\u00e3o ser recuperado. Em caso de exist\u00eancia de tais ind\u00edcios, o Grupo procede \u00e0 determina\u00e7\u00e3o do valor </div><div class=\"t s0_30\" id=\"to_30\" style=\"left:143px;bottom:568px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">recuper\u00e1vel do ativo, de modo a determinar a extens\u00e3o da perda por imparidade. </div><div class=\"t s0_30\" id=\"tp_30\" style=\"left:143px;bottom:531px;letter-spacing:-0.02px;word-spacing:-0.28px;display:inline;\">O valor recuper\u00e1vel \u00e9 estimado para cada ativo individualmente ou, no caso de tal n\u00e3o ser poss\u00edvel, </div><div class=\"t s0_30\" id=\"tq_30\" style=\"left:143px;bottom:507px;letter-spacing:-0.02px;word-spacing:0.36px;display:inline;\">para a unidade geradora de caixa \u00e0 qual o ativo pertence. O valor recuper\u00e1vel \u00e9 determinado pelo </div><div class=\"t s0_30\" id=\"tr_30\" style=\"left:143px;bottom:483px;letter-spacing:0.01px;word-spacing:-0.46px;display:inline;\">valor mais alto entre o justo valor menos os custos de vender e o valor de uso. O justo valor menos </div><div class=\"t s0_30\" id=\"ts_30\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">os custos de vender \u00e9 o montante que se obteria com a aliena\u00e7\u00e3o do ativo numa transa\u00e7\u00e3o entre </div><div class=\"t s0_30\" id=\"tt_30\" style=\"left:143px;bottom:436px;letter-spacing:-0.04px;word-spacing:0.16px;display:inline;\">entidades independentes e conhecedoras, deduzido dos custos diretamente atribu\u00edveis \u00e0 aliena\u00e7\u00e3o. </div><div class=\"t s0_30\" id=\"tu_30\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">O valor de uso decorre dos fluxos de caixa futuros, atualizados com base em taxas de desconto, que </div><div class=\"t s0_30\" id=\"tv_30\" style=\"left:143px;bottom:389px;letter-spacing:-0.03px;display:inline;\">reflitam o valor atual do capital e o risco espec\u00edfico do ativo. </div><div class=\"t s0_30\" id=\"tw_30\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:3.21px;display:inline;\">Sempre que o montante pelo qual o ativo se encontra registado seja superior \u00e0 sua quantia </div><div class=\"t s0_30\" id=\"tx_30\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:-0.9px;display:inline;\">recuper\u00e1vel, \u00e9 reconhecida uma perda por imparidade na Demonstra\u00e7\u00e3o Consolidada dos Resultados </div><div class=\"t s0_30\" id=\"ty_30\" style=\"left:143px;bottom:304px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">do exerc\u00edcio a que se refere. </div><div class=\"t s0_30\" id=\"tz_30\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:0.22px;display:inline;\">Quando uma perda por imparidade \u00e9 subsequentemente revertida, o valor contabil\u00edstico do ativo \u00e9 </div><div class=\"t s0_30\" id=\"t10_30\" style=\"left:143px;bottom:243px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">atualizado para o seu valor estimado. Contudo, a revers\u00e3o da perda por imparidade s\u00f3 pode ser </div><div class=\"t s0_30\" id=\"t11_30\" style=\"left:143px;bottom:219px;letter-spacing:-0.03px;word-spacing:-0.23px;display:inline;\">efetuada at\u00e9 ao limite da quantia (l\u00edquida de deprecia\u00e7\u00e3o) que estaria reconhecida caso a perda por </div><div class=\"t s0_30\" id=\"t12_30\" style=\"left:143px;bottom:195px;letter-spacing:-0.03px;word-spacing:4.76px;display:inline;\">imparidade n\u00e3o tivesse sido registada em exerc\u00edcios anteriores. A revers\u00e3o das perdas por </div><span>imparidade \u00e9 reconhecida de imediato na Demonstra\u00e7\u00e3o Consolidada dos Resultados.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00248": {
   "value": "<span>d) </span><div class=\"t s1_30\" id=\"tk_30\" style=\"left:190px;bottom:677px;letter-spacing:-0.04px;word-spacing:0.01px;display:inline;\">Imparidade de ativos tang\u00edveis e intang\u00edveis </div><div class=\"t s0_30\" id=\"tl_30\" style=\"left:143px;bottom:639px;letter-spacing:-0.01px;word-spacing:1.64px;display:inline;\">As empresas do Grupo efetuam testes de imparidade dos seus ativos sempre que ocorra algum </div><div class=\"t s0_30\" id=\"tm_30\" style=\"left:143px;bottom:616px;letter-spacing:-0.02px;word-spacing:1.1px;display:inline;\">evento ou altera\u00e7\u00e3o que indiquem que o montante pelo qual o ativo se encontra registado possa </div><div class=\"t s0_30\" id=\"tn_30\" style=\"left:143px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.77px;display:inline;\">n\u00e3o ser recuperado. Em caso de exist\u00eancia de tais ind\u00edcios, o Grupo procede \u00e0 determina\u00e7\u00e3o do valor </div><div class=\"t s0_30\" id=\"to_30\" style=\"left:143px;bottom:568px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">recuper\u00e1vel do ativo, de modo a determinar a extens\u00e3o da perda por imparidade. </div><div class=\"t s0_30\" id=\"tp_30\" style=\"left:143px;bottom:531px;letter-spacing:-0.02px;word-spacing:-0.28px;display:inline;\">O valor recuper\u00e1vel \u00e9 estimado para cada ativo individualmente ou, no caso de tal n\u00e3o ser poss\u00edvel, </div><div class=\"t s0_30\" id=\"tq_30\" style=\"left:143px;bottom:507px;letter-spacing:-0.02px;word-spacing:0.36px;display:inline;\">para a unidade geradora de caixa \u00e0 qual o ativo pertence. O valor recuper\u00e1vel \u00e9 determinado pelo </div><div class=\"t s0_30\" id=\"tr_30\" style=\"left:143px;bottom:483px;letter-spacing:0.01px;word-spacing:-0.46px;display:inline;\">valor mais alto entre o justo valor menos os custos de vender e o valor de uso. O justo valor menos </div><div class=\"t s0_30\" id=\"ts_30\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">os custos de vender \u00e9 o montante que se obteria com a aliena\u00e7\u00e3o do ativo numa transa\u00e7\u00e3o entre </div><div class=\"t s0_30\" id=\"tt_30\" style=\"left:143px;bottom:436px;letter-spacing:-0.04px;word-spacing:0.16px;display:inline;\">entidades independentes e conhecedoras, deduzido dos custos diretamente atribu\u00edveis \u00e0 aliena\u00e7\u00e3o. </div><div class=\"t s0_30\" id=\"tu_30\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">O valor de uso decorre dos fluxos de caixa futuros, atualizados com base em taxas de desconto, que </div><div class=\"t s0_30\" id=\"tv_30\" style=\"left:143px;bottom:389px;letter-spacing:-0.03px;display:inline;\">reflitam o valor atual do capital e o risco espec\u00edfico do ativo. </div><div class=\"t s0_30\" id=\"tw_30\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:3.21px;display:inline;\">Sempre que o montante pelo qual o ativo se encontra registado seja superior \u00e0 sua quantia </div><div class=\"t s0_30\" id=\"tx_30\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:-0.9px;display:inline;\">recuper\u00e1vel, \u00e9 reconhecida uma perda por imparidade na Demonstra\u00e7\u00e3o Consolidada dos Resultados </div><div class=\"t s0_30\" id=\"ty_30\" style=\"left:143px;bottom:304px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">do exerc\u00edcio a que se refere. </div><div class=\"t s0_30\" id=\"tz_30\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:0.22px;display:inline;\">Quando uma perda por imparidade \u00e9 subsequentemente revertida, o valor contabil\u00edstico do ativo \u00e9 </div><div class=\"t s0_30\" id=\"t10_30\" style=\"left:143px;bottom:243px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">atualizado para o seu valor estimado. Contudo, a revers\u00e3o da perda por imparidade s\u00f3 pode ser </div><div class=\"t s0_30\" id=\"t11_30\" style=\"left:143px;bottom:219px;letter-spacing:-0.03px;word-spacing:-0.23px;display:inline;\">efetuada at\u00e9 ao limite da quantia (l\u00edquida de deprecia\u00e7\u00e3o) que estaria reconhecida caso a perda por </div><div class=\"t s0_30\" id=\"t12_30\" style=\"left:143px;bottom:195px;letter-spacing:-0.03px;word-spacing:4.76px;display:inline;\">imparidade n\u00e3o tivesse sido registada em exerc\u00edcios anteriores. A revers\u00e3o das perdas por </div><span>imparidade \u00e9 reconhecida de imediato na Demonstra\u00e7\u00e3o Consolidada dos Resultados.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00247": {
   "value": "<span>d) </span><div class=\"t s1_30\" id=\"tk_30\" style=\"left:190px;bottom:677px;letter-spacing:-0.04px;word-spacing:0.01px;display:inline;\">Imparidade de ativos tang\u00edveis e intang\u00edveis </div><div class=\"t s0_30\" id=\"tl_30\" style=\"left:143px;bottom:639px;letter-spacing:-0.01px;word-spacing:1.64px;display:inline;\">As empresas do Grupo efetuam testes de imparidade dos seus ativos sempre que ocorra algum </div><div class=\"t s0_30\" id=\"tm_30\" style=\"left:143px;bottom:616px;letter-spacing:-0.02px;word-spacing:1.1px;display:inline;\">evento ou altera\u00e7\u00e3o que indiquem que o montante pelo qual o ativo se encontra registado possa </div><div class=\"t s0_30\" id=\"tn_30\" style=\"left:143px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.77px;display:inline;\">n\u00e3o ser recuperado. Em caso de exist\u00eancia de tais ind\u00edcios, o Grupo procede \u00e0 determina\u00e7\u00e3o do valor </div><div class=\"t s0_30\" id=\"to_30\" style=\"left:143px;bottom:568px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">recuper\u00e1vel do ativo, de modo a determinar a extens\u00e3o da perda por imparidade. </div><div class=\"t s0_30\" id=\"tp_30\" style=\"left:143px;bottom:531px;letter-spacing:-0.02px;word-spacing:-0.28px;display:inline;\">O valor recuper\u00e1vel \u00e9 estimado para cada ativo individualmente ou, no caso de tal n\u00e3o ser poss\u00edvel, </div><div class=\"t s0_30\" id=\"tq_30\" style=\"left:143px;bottom:507px;letter-spacing:-0.02px;word-spacing:0.36px;display:inline;\">para a unidade geradora de caixa \u00e0 qual o ativo pertence. O valor recuper\u00e1vel \u00e9 determinado pelo </div><div class=\"t s0_30\" id=\"tr_30\" style=\"left:143px;bottom:483px;letter-spacing:0.01px;word-spacing:-0.46px;display:inline;\">valor mais alto entre o justo valor menos os custos de vender e o valor de uso. O justo valor menos </div><div class=\"t s0_30\" id=\"ts_30\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">os custos de vender \u00e9 o montante que se obteria com a aliena\u00e7\u00e3o do ativo numa transa\u00e7\u00e3o entre </div><div class=\"t s0_30\" id=\"tt_30\" style=\"left:143px;bottom:436px;letter-spacing:-0.04px;word-spacing:0.16px;display:inline;\">entidades independentes e conhecedoras, deduzido dos custos diretamente atribu\u00edveis \u00e0 aliena\u00e7\u00e3o. </div><div class=\"t s0_30\" id=\"tu_30\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">O valor de uso decorre dos fluxos de caixa futuros, atualizados com base em taxas de desconto, que </div><div class=\"t s0_30\" id=\"tv_30\" style=\"left:143px;bottom:389px;letter-spacing:-0.03px;display:inline;\">reflitam o valor atual do capital e o risco espec\u00edfico do ativo. </div><div class=\"t s0_30\" id=\"tw_30\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:3.21px;display:inline;\">Sempre que o montante pelo qual o ativo se encontra registado seja superior \u00e0 sua quantia </div><div class=\"t s0_30\" id=\"tx_30\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:-0.9px;display:inline;\">recuper\u00e1vel, \u00e9 reconhecida uma perda por imparidade na Demonstra\u00e7\u00e3o Consolidada dos Resultados </div><div class=\"t s0_30\" id=\"ty_30\" style=\"left:143px;bottom:304px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">do exerc\u00edcio a que se refere. </div><div class=\"t s0_30\" id=\"tz_30\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:0.22px;display:inline;\">Quando uma perda por imparidade \u00e9 subsequentemente revertida, o valor contabil\u00edstico do ativo \u00e9 </div><div class=\"t s0_30\" id=\"t10_30\" style=\"left:143px;bottom:243px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">atualizado para o seu valor estimado. Contudo, a revers\u00e3o da perda por imparidade s\u00f3 pode ser </div><div class=\"t s0_30\" id=\"t11_30\" style=\"left:143px;bottom:219px;letter-spacing:-0.03px;word-spacing:-0.23px;display:inline;\">efetuada at\u00e9 ao limite da quantia (l\u00edquida de deprecia\u00e7\u00e3o) que estaria reconhecida caso a perda por </div><div class=\"t s0_30\" id=\"t12_30\" style=\"left:143px;bottom:195px;letter-spacing:-0.03px;word-spacing:4.76px;display:inline;\">imparidade n\u00e3o tivesse sido registada em exerc\u00edcios anteriores. A revers\u00e3o das perdas por </div><span>imparidade \u00e9 reconhecida de imediato na Demonstra\u00e7\u00e3o Consolidada dos Resultados.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00251": {
   "value": "<span>e) </span><div class=\"t s1_31\" id=\"t4_31\" style=\"left:190px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.01px;display:inline;\">Provis\u00f5es, passivos e passivos contingentes </div><div class=\"t s0_31\" id=\"t5_31\" style=\"left:143px;bottom:1050px;letter-spacing:-0.02px;word-spacing:2.06px;display:inline;\">As provis\u00f5es s\u00e3o reconhecidas pelo Grupo quando existe uma obriga\u00e7\u00e3o presente resultante de </div><div class=\"t s0_31\" id=\"t6_31\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">eventos passados, sendo prov\u00e1vel que na liquida\u00e7\u00e3o dessa obriga\u00e7\u00e3o seja necess\u00e1rio um disp\u00eandio </div><div class=\"t s0_31\" id=\"t7_31\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.74px;display:inline;\">de recursos internos e o montante da referida obriga\u00e7\u00e3o possa ser estimado com razoabilidade. </div><div class=\"t s0_31\" id=\"t8_31\" style=\"left:143px;bottom:979px;letter-spacing:-0.01px;word-spacing:-1px;display:inline;\">Quando alguma destas condi\u00e7\u00f5es n\u00e3o \u00e9 preenchida, o Grupo procede \u00e0 divulga\u00e7\u00e3o dos eventos como </div><div class=\"t s0_31\" id=\"t9_31\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">passivo contingente, a menos que a probabilidade de uma sa\u00edda de recursos seja remota. </div><div class=\"t s0_31\" id=\"ta_31\" style=\"left:143px;bottom:918px;letter-spacing:-0.03px;word-spacing:-0.59px;display:inline;\">As provis\u00f5es para reestrutura\u00e7\u00e3o apenas s\u00e3o reconhecidas quando o Grupo tem um plano detalhado </div><div class=\"t s0_31\" id=\"tb_31\" style=\"left:143px;bottom:894px;letter-spacing:-0.01px;word-spacing:2.48px;display:inline;\">e formalizado para a reestrutura\u00e7\u00e3o e ap\u00f3s terem sido comunicados esses factos \u00e0s entidades </div><div class=\"t s0_31\" id=\"tc_31\" style=\"left:143px;bottom:871px;letter-spacing:-0.02px;display:inline;\">envolvidas. </div><div class=\"t s0_31\" id=\"td_31\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:0.61px;display:inline;\">As provis\u00f5es s\u00e3o atualizadas na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, considerando a </div><div class=\"t s0_31\" id=\"te_31\" style=\"left:143px;bottom:809px;letter-spacing:-0.04px;word-spacing:0.05px;display:inline;\">melhor estimativa obtida pelos \u00f3rg\u00e3os de gest\u00e3o. </div><div class=\"t s0_31\" id=\"tf_31\" style=\"left:143px;bottom:771px;letter-spacing:-0.03px;word-spacing:0.99px;display:inline;\">As obriga\u00e7\u00f5es para os custos de desmantelamento, remo\u00e7\u00e3o de ativos e restaura\u00e7\u00e3o do local s\u00e3o </div><div class=\"t s0_31\" id=\"tg_31\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">reconhecidas a partir do m\u00eas em que os bens come\u00e7am a ser utilizados, caso seja poss\u00edvel estimar </div><div class=\"t s0_31\" id=\"th_31\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:5.81px;display:inline;\">a respetiva obriga\u00e7\u00e3o com fiabilidade (Notas 3.b.). O montante da obriga\u00e7\u00e3o reconhecida </div><div class=\"t s0_31\" id=\"ti_31\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:1.6px;display:inline;\">corresponde ao respetivo valor presente, sendo a atualiza\u00e7\u00e3o financeira registada em resultados </div><span>como custo financeiro na rubrica \u201cJuros obtidos, l\u00edquidos\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00250": {
   "value": "<span>e) </span><div class=\"t s1_31\" id=\"t4_31\" style=\"left:190px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.01px;display:inline;\">Provis\u00f5es, passivos e passivos contingentes </div><div class=\"t s0_31\" id=\"t5_31\" style=\"left:143px;bottom:1050px;letter-spacing:-0.02px;word-spacing:2.06px;display:inline;\">As provis\u00f5es s\u00e3o reconhecidas pelo Grupo quando existe uma obriga\u00e7\u00e3o presente resultante de </div><div class=\"t s0_31\" id=\"t6_31\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">eventos passados, sendo prov\u00e1vel que na liquida\u00e7\u00e3o dessa obriga\u00e7\u00e3o seja necess\u00e1rio um disp\u00eandio </div><div class=\"t s0_31\" id=\"t7_31\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.74px;display:inline;\">de recursos internos e o montante da referida obriga\u00e7\u00e3o possa ser estimado com razoabilidade. </div><div class=\"t s0_31\" id=\"t8_31\" style=\"left:143px;bottom:979px;letter-spacing:-0.01px;word-spacing:-1px;display:inline;\">Quando alguma destas condi\u00e7\u00f5es n\u00e3o \u00e9 preenchida, o Grupo procede \u00e0 divulga\u00e7\u00e3o dos eventos como </div><div class=\"t s0_31\" id=\"t9_31\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">passivo contingente, a menos que a probabilidade de uma sa\u00edda de recursos seja remota. </div><div class=\"t s0_31\" id=\"ta_31\" style=\"left:143px;bottom:918px;letter-spacing:-0.03px;word-spacing:-0.59px;display:inline;\">As provis\u00f5es para reestrutura\u00e7\u00e3o apenas s\u00e3o reconhecidas quando o Grupo tem um plano detalhado </div><div class=\"t s0_31\" id=\"tb_31\" style=\"left:143px;bottom:894px;letter-spacing:-0.01px;word-spacing:2.48px;display:inline;\">e formalizado para a reestrutura\u00e7\u00e3o e ap\u00f3s terem sido comunicados esses factos \u00e0s entidades </div><div class=\"t s0_31\" id=\"tc_31\" style=\"left:143px;bottom:871px;letter-spacing:-0.02px;display:inline;\">envolvidas. </div><div class=\"t s0_31\" id=\"td_31\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:0.61px;display:inline;\">As provis\u00f5es s\u00e3o atualizadas na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, considerando a </div><div class=\"t s0_31\" id=\"te_31\" style=\"left:143px;bottom:809px;letter-spacing:-0.04px;word-spacing:0.05px;display:inline;\">melhor estimativa obtida pelos \u00f3rg\u00e3os de gest\u00e3o. </div><div class=\"t s0_31\" id=\"tf_31\" style=\"left:143px;bottom:771px;letter-spacing:-0.03px;word-spacing:0.99px;display:inline;\">As obriga\u00e7\u00f5es para os custos de desmantelamento, remo\u00e7\u00e3o de ativos e restaura\u00e7\u00e3o do local s\u00e3o </div><div class=\"t s0_31\" id=\"tg_31\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">reconhecidas a partir do m\u00eas em que os bens come\u00e7am a ser utilizados, caso seja poss\u00edvel estimar </div><div class=\"t s0_31\" id=\"th_31\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:5.81px;display:inline;\">a respetiva obriga\u00e7\u00e3o com fiabilidade (Notas 3.b.). O montante da obriga\u00e7\u00e3o reconhecida </div><div class=\"t s0_31\" id=\"ti_31\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:1.6px;display:inline;\">corresponde ao respetivo valor presente, sendo a atualiza\u00e7\u00e3o financeira registada em resultados </div><span>como custo financeiro na rubrica \u201cJuros obtidos, l\u00edquidos\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00242": {
   "value": "<span>f) </span><div class=\"t s1_31\" id=\"tl_31\" style=\"left:190px;bottom:639px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Ativos e passivos financeiros </div><div class=\"t s0_31\" id=\"tm_31\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:4.38px;display:inline;\">Os ativos e passivos financeiros s\u00e3o reconhecidos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_31\" id=\"tn_31\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Financeira quando o Grupo se torna parte na respetiva rela\u00e7\u00e3o contratual. </div><div class=\"t s2_31\" id=\"to_31\" style=\"left:195px;bottom:540px;letter-spacing:-0.04px;word-spacing:0.04px;display:inline;\"><span>(i) Ativos financeiros ao custo amortizado </span></div><div class=\"t s0_31\" id=\"tp_31\" style=\"left:143px;bottom:502px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao custo amortizado\u201d se cumprir </div><div class=\"t s0_31\" id=\"tq_31\" style=\"left:143px;bottom:478px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cumulativamente as seguintes condi\u00e7\u00f5es: </div><div class=\"t s0_31\" id=\"tr_31\" style=\"left:143px;bottom:440px;letter-spacing:-0.03px;word-spacing:1.09px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio cujo objetivo principal \u00e9 a deten\u00e7\u00e3o de ativos </div><div class=\"t s0_31\" id=\"ts_31\" style=\"left:143px;bottom:417px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">para recolha dos seus fluxos de caixa contratuais; e, </div><div class=\"t s0_31\" id=\"tt_31\" style=\"left:143px;bottom:379px;letter-spacing:-0.03px;word-spacing:3.89px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div><div class=\"t s0_31\" id=\"tu_31\" style=\"left:143px;bottom:355px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida. </div><div class=\"t s0_31\" id=\"tv_31\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:3.34px;display:inline;\">A categoria de \u201cAtivos financeiros ao custo amortizado\u201d inclui contas a receber, empr\u00e9stimos </div><div class=\"t s0_31\" id=\"tw_31\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">concedidos e outras contas a receber que tenham pagamentos fixos ou definidos. </div><div class=\"t s0_31\" id=\"tx_31\" style=\"left:143px;bottom:256px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">Os ativos financeiros ao custo amortizado s\u00e3o reconhecidos inicialmente pelo seu justo valor </div><div class=\"t s0_31\" id=\"ty_31\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:2.16px;display:inline;\">acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o mensurados ao custo amortizado. </div><div class=\"t s0_31\" id=\"tz_31\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Adicionalmente, est\u00e3o sujeitos, desde o seu reconhecimento inicial, ao apuramento de perdas por </div><div class=\"t s0_31\" id=\"t10_31\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">imparidade para perdas esperadas, as quais s\u00e3o registadas por contrapartida da rubrica \u201cOutros </div><div class=\"t s0_31\" id=\"t11_31\" style=\"left:143px;bottom:162px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">custos (ganhos) financeiros, l\u00edquidos\u201d. </div><div></div>\n<div class=\"t s1_32_171\" id=\"t4_32_171\" style=\"left:110px;bottom:1156px;letter-spacing:0.69px;word-spacing:1.77px;display:inline;\">Os ganhos ou perdas geradas no momento do seu desreconhecimento s\u00e3o registados na rubrica </div>\n<div class=\"t s1_32_171\" id=\"t5_32_171\" style=\"left:110px;bottom:1131px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\"><span>\"Outros custos (ganhos) financeiros, l\u00edquidos\". </span></div>\n<div class=\"t s2_32_171\" id=\"t6_32_171\" style=\"left:165px;bottom:1091px;letter-spacing:1.17px;word-spacing:-0.37px;display:inline;\">(ii) Ativos financeiros ao justo valor atrav\u00e9s de outro rendimento integral </div>\n<div class=\"t s1_32_171\" id=\"t7_32_171\" style=\"left:110px;bottom:1050px;letter-spacing:0.72px;word-spacing:-0.26px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"t8_32_171\" style=\"left:110px;bottom:1025px;letter-spacing:0.78px;word-spacing:0.04px;display:inline;\">rendimento integral\u201d se cumprir cumulativamente as seguintes condi\u00e7\u00f5es: </div>\n<div class=\"t s1_32_171\" id=\"t9_32_171\" style=\"left:110px;bottom:985px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio em que o objetivo \u00e9 a recolha dos seus fluxos de </div>\n<div class=\"t s1_32_171\" id=\"ta_32_171\" style=\"left:110px;bottom:960px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\">caixa contratuais e a venda desse ativo financeiro; e, </div>\n<div class=\"t s1_32_171\" id=\"tb_32_171\" style=\"left:110px;bottom:920px;letter-spacing:0.63px;word-spacing:4.39px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div>\n<div class=\"t s1_32_171\" id=\"tc_32_171\" style=\"left:110px;bottom:894px;letter-spacing:0.77px;word-spacing:0.05px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida (SPPI). </div>\n<div class=\"t s1_32_171\" id=\"td_32_171\" style=\"left:110px;bottom:854px;letter-spacing:0.76px;word-spacing:0.96px;display:inline;\">Adicionalmente, no reconhecimento inicial de um instrumento de capital que n\u00e3o seja detido para </div>\n<div class=\"t s1_32_171\" id=\"te_32_171\" style=\"left:110px;bottom:829px;letter-spacing:0.76px;word-spacing:0.06px;display:inline;\">negocia\u00e7\u00e3o, e em que n\u00e3o se verifique uma retribui\u00e7\u00e3o contingente reconhecida por um adquirente </div>\n<div class=\"t s1_32_171\" id=\"tf_32_171\" style=\"left:110px;bottom:804px;letter-spacing:0.64px;word-spacing:3.08px;display:inline;\">numa concentra\u00e7\u00e3o de atividades empresariais \u00e0 qual se aplica a IFRS 3, o Grupo pode optar </div>\n<div class=\"t s1_32_171\" id=\"tg_32_171\" style=\"left:110px;bottom:779px;letter-spacing:0.74px;word-spacing:-0.49px;display:inline;\">irrevogavelmente por classific\u00e1-lo na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"th_32_171\" style=\"left:110px;bottom:754px;letter-spacing:0.9px;word-spacing:-0.07px;display:inline;\">rendimento integral\". </div>\n<div class=\"t s1_32_171\" id=\"ti_32_171\" style=\"left:110px;bottom:714px;letter-spacing:0.77px;word-spacing:1.51px;display:inline;\">Os instrumentos de capital ao justo valor atrav\u00e9s de outro rendimento integral s\u00e3o reconhecidos </div>\n<div class=\"t s1_32_171\" id=\"tj_32_171\" style=\"left:110px;bottom:688px;letter-spacing:0.69px;word-spacing:3.05px;display:inline;\">inicialmente pelo seu justo valor acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o </div>\n<div class=\"t s1_32_171\" id=\"tk_32_171\" style=\"left:110px;bottom:663px;letter-spacing:0.71px;word-spacing:0.12px;display:inline;\">mensurados ao justo valor. As varia\u00e7\u00f5es no justo valor destes ativos financeiros s\u00e3o registadas por </div>\n<div class=\"t s1_32_171\" id=\"tl_32_171\" style=\"left:110px;bottom:638px;letter-spacing:0.73px;word-spacing:0.43px;display:inline;\">contrapartida de outro rendimento integral. Os dividendos s\u00e3o reconhecidos em resultados quando </div>\n<div class=\"t s1_32_171\" id=\"tm_32_171\" style=\"left:110px;bottom:613px;letter-spacing:0.77px;word-spacing:0.03px;display:inline;\">for atribu\u00eddo o direito ao seu recebimento. </div>\n<div class=\"t s1_32_171\" id=\"tn_32_171\" style=\"left:110px;bottom:573px;letter-spacing:0.83px;word-spacing:-0.04px;display:inline;\">O investimento detido nas a\u00e7\u00f5es da Oi (de 0,18% em 31 de dezembro de 2024 e durante 2025 at\u00e9 </div>\n<div class=\"t s1_32_171\" id=\"to_32_171\" style=\"left:110px;bottom:548px;letter-spacing:0.81px;word-spacing:0.01px;display:inline;\">a sua liquida\u00e7\u00e3o total) encontra-se mensurado ao justo valor atrav\u00e9s de outro rendimento integral, </div>\n<div class=\"t s1_32_171\" id=\"tp_32_171\" style=\"left:110px;bottom:523px;letter-spacing:0.7px;word-spacing:1.94px;display:inline;\">sendo os ganhos e perdas decorrentes de varia\u00e7\u00f5es de justo valor reconhecidas diretamente no </div>\n<div class=\"t s1_32_171\" id=\"tq_32_171\" style=\"left:110px;bottom:498px;letter-spacing:0.77px;word-spacing:0.06px;display:inline;\">outro rendimento integral, conforme op\u00e7\u00e3o da IFRS9. </div>\n<div class=\"t s2_32_171\" id=\"tr_32_171\" style=\"left:165px;bottom:457px;letter-spacing:1.12px;word-spacing:-0.33px;display:inline;\"><span>(iii) Ativos financeiros ao justo valor atrav\u00e9s de resultados </span></div>\n<div class=\"t s1_32_171\" id=\"ts_32_171\" style=\"left:110px;bottom:417px;letter-spacing:0.7px;word-spacing:2.67px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de </div>\n<div class=\"t s1_32_171\" id=\"tt_32_171\" style=\"left:110px;bottom:392px;letter-spacing:0.66px;word-spacing:-0.01px;display:inline;\">resultados\u201d se o modelo de neg\u00f3cio definido para a sua gest\u00e3o ou as caracter\u00edsticas dos seus fluxos </div>\n<div class=\"t s1_32_171\" id=\"tu_32_171\" style=\"left:110px;bottom:367px;letter-spacing:0.69px;word-spacing:2.33px;display:inline;\">de caixa contratuais n\u00e3o cumprirem as condi\u00e7\u00f5es acima descritas para ser mensurado ao custo </div>\n<div class=\"t s1_32_171\" id=\"tv_32_171\" style=\"left:110px;bottom:342px;letter-spacing:0.82px;word-spacing:-0.02px;display:inline;\">amortizado, nem ao justo valor atrav\u00e9s de outro rendimento integral (FVOCI). </div>\n<div class=\"t s1_32_171\" id=\"tw_32_171\" style=\"left:110px;bottom:301px;letter-spacing:0.69px;word-spacing:2.46px;display:inline;\">Adicionalmente, o PHAROL pode designar irrevogavelmente um ativo financeiro, que cumpra os </div>\n<div class=\"t s1_32_171\" id=\"tx_32_171\" style=\"left:110px;bottom:276px;letter-spacing:0.71px;word-spacing:-0.27px;display:inline;\">crit\u00e9rios para ser mensurado ao custo amortizado ou ao FVOCI, ao justo valor atrav\u00e9s de resultados </div>\n<div class=\"t s1_32_171\" id=\"ty_32_171\" style=\"left:110px;bottom:251px;letter-spacing:0.77px;word-spacing:3.71px;display:inline;\">no momento do seu reconhecimento inicial, se tal eliminar ou reduzir significativamente uma </div>\n<div class=\"t s1_32_171\" id=\"tz_32_171\" style=\"left:110px;bottom:226px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">incoer\u00eancia na mensura\u00e7\u00e3o ou no reconhecimento, que de outra forma resultaria da mensura\u00e7\u00e3o de </div>\n<div class=\"t s1_32_171\" id=\"t10_32_171\" style=\"left:110px;bottom:201px;letter-spacing:0.68px;word-spacing:-0.63px;display:inline;\">ativos ou passivos ou do reconhecimento de ganhos e perdas sobre os mesmos em diferentes bases. </div>\n<div class=\"t s1_32_171\" id=\"t11_32_171\" style=\"left:110px;bottom:161px;letter-spacing:0.65px;word-spacing:0.18px;display:inline;\">A PHAROL classificou os \u201cAtivos financeiros ao justo valor atrav\u00e9s de resultados\u201d em \u201cOutros Ativos </div>\n<div class=\"t s1_32_171\" id=\"t12_32_171\" style=\"left:110px;bottom:136px;letter-spacing:0.76px;word-spacing:0.42px;display:inline;\">N\u00e3o Correntes\"(Rio Forte) e em \u201cAtivos Financeiros\u201d (carteiras de investimentos), ambos em Ativo </div>\n<div class=\"t s1_32_171\" id=\"t13_32_171\" style=\"left:110px;bottom:111px;letter-spacing:0.65px;word-spacing:0.17px;display:inline;\">N\u00e3o Corrente. </div><div></div><div class=\"t s0_33\" id=\"t3_33\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.89px;display:inline;\">Considerando que as transa\u00e7\u00f5es efetuadas pela Empresa no decurso normal da sua atividade s\u00e3o </div><div class=\"t s0_33\" id=\"t4_33\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:0.08px;display:inline;\">realizadas em condi\u00e7\u00f5es de mercado, os ativos financeiros ao justo valor atrav\u00e9s de resultados s\u00e3o </div><div class=\"t s0_33\" id=\"t5_33\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.31px;display:inline;\">reconhecidos inicialmente ao seu justo valor, com os custos ou proveitos associados \u00e0s transa\u00e7\u00f5es </div><div class=\"t s0_33\" id=\"t6_33\" style=\"left:143px;bottom:1017px;letter-spacing:-0.01px;word-spacing:0.92px;display:inline;\">reconhecidos em resultados no momento inicial. As varia\u00e7\u00f5es subsequentes de justo valor destes </div><div class=\"t s0_33\" id=\"t7_33\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">ativos financeiros s\u00e3o reconhecidas em resultados. </div><div class=\"t s0_33\" id=\"t8_33\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:1.77px;display:inline;\">A periodifica\u00e7\u00e3o dos juros e do pr\u00e9mio/desconto (quando aplic\u00e1vel) \u00e9 reconhecida na rubrica de </div><div class=\"t s0_33\" id=\"t9_33\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.08px;display:inline;\">\"Juros obtidos, l\u00edquidos\", com base na taxa de juro efetiva de cada transa\u00e7\u00e3o. Os dividendos s\u00e3o </div><div class=\"t s0_33\" id=\"ta_33\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">reconhecidos em resultados quando for atribu\u00eddo o direito ao seu recebimento. </div><div class=\"t s0_33\" id=\"tb_33\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:-1.1px;display:inline;\">Os investimentos nos t\u00edtulos de d\u00edvida emitidos pela Rio Forte encontram-se mensurados pela melhor </div><div class=\"t s0_33\" id=\"tc_33\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.89px;display:inline;\">estimativa do seu justo valor a cada data de relato, estando as varia\u00e7\u00f5es de justo valor reconhecidas </div><div class=\"t s0_33\" id=\"td_33\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o correntes\u201d. </div><div class=\"t s0_33\" id=\"te_33\" style=\"left:143px;bottom:786px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">As carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es adquiridas em agosto de 2022 e agosto de </div><div class=\"t s0_33\" id=\"tf_33\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:1.59px;display:inline;\">2023 encontram-se registadas pelo valor de mercado, estando as varia\u00e7\u00f5es de justo valor a ser </div><div class=\"t s0_33\" id=\"tg_33\" style=\"left:143px;bottom:739px;letter-spacing:-0.03px;word-spacing:1.96px;display:inline;\">reconhecidas na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o </div><div class=\"t s0_33\" id=\"th_33\" style=\"left:143px;bottom:715px;letter-spacing:-0.02px;display:inline;\"><span>correntes\u201d.</span> </div><div class=\"t s1_33\" id=\"ti_33\" style=\"left:195px;bottom:677px;letter-spacing:-0.04px;word-spacing:0.03px;display:inline;\"><span>(iv) Passivos financeiros e instrumentos de capital pr\u00f3prio </span></div><div class=\"t s0_33\" id=\"tj_33\" style=\"left:143px;bottom:639px;letter-spacing:-0.02px;word-spacing:0.62px;display:inline;\">Os passivos financeiros e os instrumentos de capital pr\u00f3prio emitidos pelo Grupo s\u00e3o classificados </div><div class=\"t s0_33\" id=\"tk_33\" style=\"left:143px;bottom:616px;letter-spacing:-0.03px;word-spacing:2.29px;display:inline;\">de acordo com a subst\u00e2ncia contratual da transa\u00e7\u00e3o e com a defini\u00e7\u00e3o do passivo financeiro e </div><div class=\"t s0_33\" id=\"tl_33\" style=\"left:143px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.6px;display:inline;\">instrumento de capital pr\u00f3prio. Os instrumentos de capital pr\u00f3prio s\u00e3o contratos que evidenciam um </div><div class=\"t s0_33\" id=\"tm_33\" style=\"left:143px;bottom:568px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">interesse residual nos ativos do Grupo ap\u00f3s dedu\u00e7\u00e3o dos passivos. </div><div class=\"t s0_33\" id=\"tn_33\" style=\"left:143px;bottom:531px;letter-spacing:-0.02px;word-spacing:1.86px;display:inline;\">Os instrumentos de capital pr\u00f3prio emitidos pelas empresas do Grupo s\u00e3o registados pelo valor </div><span>recebido, l\u00edquido de custos de emiss\u00e3o.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00254": {
   "value": "<span>f) </span><div class=\"t s1_31\" id=\"tl_31\" style=\"left:190px;bottom:639px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Ativos e passivos financeiros </div><div class=\"t s0_31\" id=\"tm_31\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:4.38px;display:inline;\">Os ativos e passivos financeiros s\u00e3o reconhecidos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_31\" id=\"tn_31\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Financeira quando o Grupo se torna parte na respetiva rela\u00e7\u00e3o contratual. </div><div class=\"t s2_31\" id=\"to_31\" style=\"left:195px;bottom:540px;letter-spacing:-0.04px;word-spacing:0.04px;display:inline;\"><span>(i) Ativos financeiros ao custo amortizado </span></div><div class=\"t s0_31\" id=\"tp_31\" style=\"left:143px;bottom:502px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao custo amortizado\u201d se cumprir </div><div class=\"t s0_31\" id=\"tq_31\" style=\"left:143px;bottom:478px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cumulativamente as seguintes condi\u00e7\u00f5es: </div><div class=\"t s0_31\" id=\"tr_31\" style=\"left:143px;bottom:440px;letter-spacing:-0.03px;word-spacing:1.09px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio cujo objetivo principal \u00e9 a deten\u00e7\u00e3o de ativos </div><div class=\"t s0_31\" id=\"ts_31\" style=\"left:143px;bottom:417px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">para recolha dos seus fluxos de caixa contratuais; e, </div><div class=\"t s0_31\" id=\"tt_31\" style=\"left:143px;bottom:379px;letter-spacing:-0.03px;word-spacing:3.89px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div><div class=\"t s0_31\" id=\"tu_31\" style=\"left:143px;bottom:355px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida. </div><div class=\"t s0_31\" id=\"tv_31\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:3.34px;display:inline;\">A categoria de \u201cAtivos financeiros ao custo amortizado\u201d inclui contas a receber, empr\u00e9stimos </div><div class=\"t s0_31\" id=\"tw_31\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">concedidos e outras contas a receber que tenham pagamentos fixos ou definidos. </div><div class=\"t s0_31\" id=\"tx_31\" style=\"left:143px;bottom:256px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">Os ativos financeiros ao custo amortizado s\u00e3o reconhecidos inicialmente pelo seu justo valor </div><div class=\"t s0_31\" id=\"ty_31\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:2.16px;display:inline;\">acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o mensurados ao custo amortizado. </div><div class=\"t s0_31\" id=\"tz_31\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Adicionalmente, est\u00e3o sujeitos, desde o seu reconhecimento inicial, ao apuramento de perdas por </div><div class=\"t s0_31\" id=\"t10_31\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">imparidade para perdas esperadas, as quais s\u00e3o registadas por contrapartida da rubrica \u201cOutros </div><div class=\"t s0_31\" id=\"t11_31\" style=\"left:143px;bottom:162px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">custos (ganhos) financeiros, l\u00edquidos\u201d. </div><div></div>\n<div class=\"t s1_32_171\" id=\"t4_32_171\" style=\"left:110px;bottom:1156px;letter-spacing:0.69px;word-spacing:1.77px;display:inline;\">Os ganhos ou perdas geradas no momento do seu desreconhecimento s\u00e3o registados na rubrica </div>\n<div class=\"t s1_32_171\" id=\"t5_32_171\" style=\"left:110px;bottom:1131px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\"><span>\"Outros custos (ganhos) financeiros, l\u00edquidos\". </span></div>\n<div class=\"t s2_32_171\" id=\"t6_32_171\" style=\"left:165px;bottom:1091px;letter-spacing:1.17px;word-spacing:-0.37px;display:inline;\">(ii) Ativos financeiros ao justo valor atrav\u00e9s de outro rendimento integral </div>\n<div class=\"t s1_32_171\" id=\"t7_32_171\" style=\"left:110px;bottom:1050px;letter-spacing:0.72px;word-spacing:-0.26px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"t8_32_171\" style=\"left:110px;bottom:1025px;letter-spacing:0.78px;word-spacing:0.04px;display:inline;\">rendimento integral\u201d se cumprir cumulativamente as seguintes condi\u00e7\u00f5es: </div>\n<div class=\"t s1_32_171\" id=\"t9_32_171\" style=\"left:110px;bottom:985px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio em que o objetivo \u00e9 a recolha dos seus fluxos de </div>\n<div class=\"t s1_32_171\" id=\"ta_32_171\" style=\"left:110px;bottom:960px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\">caixa contratuais e a venda desse ativo financeiro; e, </div>\n<div class=\"t s1_32_171\" id=\"tb_32_171\" style=\"left:110px;bottom:920px;letter-spacing:0.63px;word-spacing:4.39px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div>\n<div class=\"t s1_32_171\" id=\"tc_32_171\" style=\"left:110px;bottom:894px;letter-spacing:0.77px;word-spacing:0.05px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida (SPPI). </div>\n<div class=\"t s1_32_171\" id=\"td_32_171\" style=\"left:110px;bottom:854px;letter-spacing:0.76px;word-spacing:0.96px;display:inline;\">Adicionalmente, no reconhecimento inicial de um instrumento de capital que n\u00e3o seja detido para </div>\n<div class=\"t s1_32_171\" id=\"te_32_171\" style=\"left:110px;bottom:829px;letter-spacing:0.76px;word-spacing:0.06px;display:inline;\">negocia\u00e7\u00e3o, e em que n\u00e3o se verifique uma retribui\u00e7\u00e3o contingente reconhecida por um adquirente </div>\n<div class=\"t s1_32_171\" id=\"tf_32_171\" style=\"left:110px;bottom:804px;letter-spacing:0.64px;word-spacing:3.08px;display:inline;\">numa concentra\u00e7\u00e3o de atividades empresariais \u00e0 qual se aplica a IFRS 3, o Grupo pode optar </div>\n<div class=\"t s1_32_171\" id=\"tg_32_171\" style=\"left:110px;bottom:779px;letter-spacing:0.74px;word-spacing:-0.49px;display:inline;\">irrevogavelmente por classific\u00e1-lo na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"th_32_171\" style=\"left:110px;bottom:754px;letter-spacing:0.9px;word-spacing:-0.07px;display:inline;\">rendimento integral\". </div>\n<div class=\"t s1_32_171\" id=\"ti_32_171\" style=\"left:110px;bottom:714px;letter-spacing:0.77px;word-spacing:1.51px;display:inline;\">Os instrumentos de capital ao justo valor atrav\u00e9s de outro rendimento integral s\u00e3o reconhecidos </div>\n<div class=\"t s1_32_171\" id=\"tj_32_171\" style=\"left:110px;bottom:688px;letter-spacing:0.69px;word-spacing:3.05px;display:inline;\">inicialmente pelo seu justo valor acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o </div>\n<div class=\"t s1_32_171\" id=\"tk_32_171\" style=\"left:110px;bottom:663px;letter-spacing:0.71px;word-spacing:0.12px;display:inline;\">mensurados ao justo valor. As varia\u00e7\u00f5es no justo valor destes ativos financeiros s\u00e3o registadas por </div>\n<div class=\"t s1_32_171\" id=\"tl_32_171\" style=\"left:110px;bottom:638px;letter-spacing:0.73px;word-spacing:0.43px;display:inline;\">contrapartida de outro rendimento integral. Os dividendos s\u00e3o reconhecidos em resultados quando </div>\n<div class=\"t s1_32_171\" id=\"tm_32_171\" style=\"left:110px;bottom:613px;letter-spacing:0.77px;word-spacing:0.03px;display:inline;\">for atribu\u00eddo o direito ao seu recebimento. </div>\n<div class=\"t s1_32_171\" id=\"tn_32_171\" style=\"left:110px;bottom:573px;letter-spacing:0.83px;word-spacing:-0.04px;display:inline;\">O investimento detido nas a\u00e7\u00f5es da Oi (de 0,18% em 31 de dezembro de 2024 e durante 2025 at\u00e9 </div>\n<div class=\"t s1_32_171\" id=\"to_32_171\" style=\"left:110px;bottom:548px;letter-spacing:0.81px;word-spacing:0.01px;display:inline;\">a sua liquida\u00e7\u00e3o total) encontra-se mensurado ao justo valor atrav\u00e9s de outro rendimento integral, </div>\n<div class=\"t s1_32_171\" id=\"tp_32_171\" style=\"left:110px;bottom:523px;letter-spacing:0.7px;word-spacing:1.94px;display:inline;\">sendo os ganhos e perdas decorrentes de varia\u00e7\u00f5es de justo valor reconhecidas diretamente no </div>\n<div class=\"t s1_32_171\" id=\"tq_32_171\" style=\"left:110px;bottom:498px;letter-spacing:0.77px;word-spacing:0.06px;display:inline;\">outro rendimento integral, conforme op\u00e7\u00e3o da IFRS9. </div>\n<div class=\"t s2_32_171\" id=\"tr_32_171\" style=\"left:165px;bottom:457px;letter-spacing:1.12px;word-spacing:-0.33px;display:inline;\"><span>(iii) Ativos financeiros ao justo valor atrav\u00e9s de resultados </span></div>\n<div class=\"t s1_32_171\" id=\"ts_32_171\" style=\"left:110px;bottom:417px;letter-spacing:0.7px;word-spacing:2.67px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de </div>\n<div class=\"t s1_32_171\" id=\"tt_32_171\" style=\"left:110px;bottom:392px;letter-spacing:0.66px;word-spacing:-0.01px;display:inline;\">resultados\u201d se o modelo de neg\u00f3cio definido para a sua gest\u00e3o ou as caracter\u00edsticas dos seus fluxos </div>\n<div class=\"t s1_32_171\" id=\"tu_32_171\" style=\"left:110px;bottom:367px;letter-spacing:0.69px;word-spacing:2.33px;display:inline;\">de caixa contratuais n\u00e3o cumprirem as condi\u00e7\u00f5es acima descritas para ser mensurado ao custo </div>\n<div class=\"t s1_32_171\" id=\"tv_32_171\" style=\"left:110px;bottom:342px;letter-spacing:0.82px;word-spacing:-0.02px;display:inline;\">amortizado, nem ao justo valor atrav\u00e9s de outro rendimento integral (FVOCI). </div>\n<div class=\"t s1_32_171\" id=\"tw_32_171\" style=\"left:110px;bottom:301px;letter-spacing:0.69px;word-spacing:2.46px;display:inline;\">Adicionalmente, o PHAROL pode designar irrevogavelmente um ativo financeiro, que cumpra os </div>\n<div class=\"t s1_32_171\" id=\"tx_32_171\" style=\"left:110px;bottom:276px;letter-spacing:0.71px;word-spacing:-0.27px;display:inline;\">crit\u00e9rios para ser mensurado ao custo amortizado ou ao FVOCI, ao justo valor atrav\u00e9s de resultados </div>\n<div class=\"t s1_32_171\" id=\"ty_32_171\" style=\"left:110px;bottom:251px;letter-spacing:0.77px;word-spacing:3.71px;display:inline;\">no momento do seu reconhecimento inicial, se tal eliminar ou reduzir significativamente uma </div>\n<div class=\"t s1_32_171\" id=\"tz_32_171\" style=\"left:110px;bottom:226px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">incoer\u00eancia na mensura\u00e7\u00e3o ou no reconhecimento, que de outra forma resultaria da mensura\u00e7\u00e3o de </div>\n<div class=\"t s1_32_171\" id=\"t10_32_171\" style=\"left:110px;bottom:201px;letter-spacing:0.68px;word-spacing:-0.63px;display:inline;\">ativos ou passivos ou do reconhecimento de ganhos e perdas sobre os mesmos em diferentes bases. </div>\n<div class=\"t s1_32_171\" id=\"t11_32_171\" style=\"left:110px;bottom:161px;letter-spacing:0.65px;word-spacing:0.18px;display:inline;\">A PHAROL classificou os \u201cAtivos financeiros ao justo valor atrav\u00e9s de resultados\u201d em \u201cOutros Ativos </div>\n<div class=\"t s1_32_171\" id=\"t12_32_171\" style=\"left:110px;bottom:136px;letter-spacing:0.76px;word-spacing:0.42px;display:inline;\">N\u00e3o Correntes\"(Rio Forte) e em \u201cAtivos Financeiros\u201d (carteiras de investimentos), ambos em Ativo </div>\n<div class=\"t s1_32_171\" id=\"t13_32_171\" style=\"left:110px;bottom:111px;letter-spacing:0.65px;word-spacing:0.17px;display:inline;\">N\u00e3o Corrente. </div><div></div><div class=\"t s0_33\" id=\"t3_33\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.89px;display:inline;\">Considerando que as transa\u00e7\u00f5es efetuadas pela Empresa no decurso normal da sua atividade s\u00e3o </div><div class=\"t s0_33\" id=\"t4_33\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:0.08px;display:inline;\">realizadas em condi\u00e7\u00f5es de mercado, os ativos financeiros ao justo valor atrav\u00e9s de resultados s\u00e3o </div><div class=\"t s0_33\" id=\"t5_33\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.31px;display:inline;\">reconhecidos inicialmente ao seu justo valor, com os custos ou proveitos associados \u00e0s transa\u00e7\u00f5es </div><div class=\"t s0_33\" id=\"t6_33\" style=\"left:143px;bottom:1017px;letter-spacing:-0.01px;word-spacing:0.92px;display:inline;\">reconhecidos em resultados no momento inicial. As varia\u00e7\u00f5es subsequentes de justo valor destes </div><div class=\"t s0_33\" id=\"t7_33\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">ativos financeiros s\u00e3o reconhecidas em resultados. </div><div class=\"t s0_33\" id=\"t8_33\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:1.77px;display:inline;\">A periodifica\u00e7\u00e3o dos juros e do pr\u00e9mio/desconto (quando aplic\u00e1vel) \u00e9 reconhecida na rubrica de </div><div class=\"t s0_33\" id=\"t9_33\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.08px;display:inline;\">\"Juros obtidos, l\u00edquidos\", com base na taxa de juro efetiva de cada transa\u00e7\u00e3o. Os dividendos s\u00e3o </div><div class=\"t s0_33\" id=\"ta_33\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">reconhecidos em resultados quando for atribu\u00eddo o direito ao seu recebimento. </div><div class=\"t s0_33\" id=\"tb_33\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:-1.1px;display:inline;\">Os investimentos nos t\u00edtulos de d\u00edvida emitidos pela Rio Forte encontram-se mensurados pela melhor </div><div class=\"t s0_33\" id=\"tc_33\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.89px;display:inline;\">estimativa do seu justo valor a cada data de relato, estando as varia\u00e7\u00f5es de justo valor reconhecidas </div><div class=\"t s0_33\" id=\"td_33\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o correntes\u201d. </div><div class=\"t s0_33\" id=\"te_33\" style=\"left:143px;bottom:786px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">As carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es adquiridas em agosto de 2022 e agosto de </div><div class=\"t s0_33\" id=\"tf_33\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:1.59px;display:inline;\">2023 encontram-se registadas pelo valor de mercado, estando as varia\u00e7\u00f5es de justo valor a ser </div><div class=\"t s0_33\" id=\"tg_33\" style=\"left:143px;bottom:739px;letter-spacing:-0.03px;word-spacing:1.96px;display:inline;\">reconhecidas na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o </div><span>correntes\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00253": {
   "value": "<span>f) </span><div class=\"t s1_31\" id=\"tl_31\" style=\"left:190px;bottom:639px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Ativos e passivos financeiros </div><div class=\"t s0_31\" id=\"tm_31\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:4.38px;display:inline;\">Os ativos e passivos financeiros s\u00e3o reconhecidos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_31\" id=\"tn_31\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Financeira quando o Grupo se torna parte na respetiva rela\u00e7\u00e3o contratual. </div><div class=\"t s2_31\" id=\"to_31\" style=\"left:195px;bottom:540px;letter-spacing:-0.04px;word-spacing:0.04px;display:inline;\"><span>(i) Ativos financeiros ao custo amortizado </span></div><div class=\"t s0_31\" id=\"tp_31\" style=\"left:143px;bottom:502px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao custo amortizado\u201d se cumprir </div><div class=\"t s0_31\" id=\"tq_31\" style=\"left:143px;bottom:478px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cumulativamente as seguintes condi\u00e7\u00f5es: </div><div class=\"t s0_31\" id=\"tr_31\" style=\"left:143px;bottom:440px;letter-spacing:-0.03px;word-spacing:1.09px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio cujo objetivo principal \u00e9 a deten\u00e7\u00e3o de ativos </div><div class=\"t s0_31\" id=\"ts_31\" style=\"left:143px;bottom:417px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">para recolha dos seus fluxos de caixa contratuais; e, </div><div class=\"t s0_31\" id=\"tt_31\" style=\"left:143px;bottom:379px;letter-spacing:-0.03px;word-spacing:3.89px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div><div class=\"t s0_31\" id=\"tu_31\" style=\"left:143px;bottom:355px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida. </div><div class=\"t s0_31\" id=\"tv_31\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:3.34px;display:inline;\">A categoria de \u201cAtivos financeiros ao custo amortizado\u201d inclui contas a receber, empr\u00e9stimos </div><div class=\"t s0_31\" id=\"tw_31\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">concedidos e outras contas a receber que tenham pagamentos fixos ou definidos. </div><div class=\"t s0_31\" id=\"tx_31\" style=\"left:143px;bottom:256px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">Os ativos financeiros ao custo amortizado s\u00e3o reconhecidos inicialmente pelo seu justo valor </div><div class=\"t s0_31\" id=\"ty_31\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:2.16px;display:inline;\">acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o mensurados ao custo amortizado. </div><div class=\"t s0_31\" id=\"tz_31\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Adicionalmente, est\u00e3o sujeitos, desde o seu reconhecimento inicial, ao apuramento de perdas por </div><div class=\"t s0_31\" id=\"t10_31\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">imparidade para perdas esperadas, as quais s\u00e3o registadas por contrapartida da rubrica \u201cOutros </div><div class=\"t s0_31\" id=\"t11_31\" style=\"left:143px;bottom:162px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">custos (ganhos) financeiros, l\u00edquidos\u201d. </div><div></div>\n<div class=\"t s1_32_171\" id=\"t4_32_171\" style=\"left:110px;bottom:1156px;letter-spacing:0.69px;word-spacing:1.77px;display:inline;\">Os ganhos ou perdas geradas no momento do seu desreconhecimento s\u00e3o registados na rubrica </div>\n<span>\"Outros custos (ganhos) financeiros, l\u00edquidos\". </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00252": {
   "value": "<span>f) </span><div class=\"t s1_31\" id=\"tl_31\" style=\"left:190px;bottom:639px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Ativos e passivos financeiros </div><div class=\"t s0_31\" id=\"tm_31\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:4.38px;display:inline;\">Os ativos e passivos financeiros s\u00e3o reconhecidos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_31\" id=\"tn_31\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Financeira quando o Grupo se torna parte na respetiva rela\u00e7\u00e3o contratual. </div><div class=\"t s2_31\" id=\"to_31\" style=\"left:195px;bottom:540px;letter-spacing:-0.04px;word-spacing:0.04px;display:inline;\"><span>(i) Ativos financeiros ao custo amortizado </span></div><div class=\"t s0_31\" id=\"tp_31\" style=\"left:143px;bottom:502px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao custo amortizado\u201d se cumprir </div><div class=\"t s0_31\" id=\"tq_31\" style=\"left:143px;bottom:478px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cumulativamente as seguintes condi\u00e7\u00f5es: </div><div class=\"t s0_31\" id=\"tr_31\" style=\"left:143px;bottom:440px;letter-spacing:-0.03px;word-spacing:1.09px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio cujo objetivo principal \u00e9 a deten\u00e7\u00e3o de ativos </div><div class=\"t s0_31\" id=\"ts_31\" style=\"left:143px;bottom:417px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">para recolha dos seus fluxos de caixa contratuais; e, </div><div class=\"t s0_31\" id=\"tt_31\" style=\"left:143px;bottom:379px;letter-spacing:-0.03px;word-spacing:3.89px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div><div class=\"t s0_31\" id=\"tu_31\" style=\"left:143px;bottom:355px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida. </div><div class=\"t s0_31\" id=\"tv_31\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:3.34px;display:inline;\">A categoria de \u201cAtivos financeiros ao custo amortizado\u201d inclui contas a receber, empr\u00e9stimos </div><div class=\"t s0_31\" id=\"tw_31\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">concedidos e outras contas a receber que tenham pagamentos fixos ou definidos. </div><div class=\"t s0_31\" id=\"tx_31\" style=\"left:143px;bottom:256px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">Os ativos financeiros ao custo amortizado s\u00e3o reconhecidos inicialmente pelo seu justo valor </div><div class=\"t s0_31\" id=\"ty_31\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:2.16px;display:inline;\">acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o mensurados ao custo amortizado. </div><div class=\"t s0_31\" id=\"tz_31\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Adicionalmente, est\u00e3o sujeitos, desde o seu reconhecimento inicial, ao apuramento de perdas por </div><div class=\"t s0_31\" id=\"t10_31\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">imparidade para perdas esperadas, as quais s\u00e3o registadas por contrapartida da rubrica \u201cOutros </div><div class=\"t s0_31\" id=\"t11_31\" style=\"left:143px;bottom:162px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">custos (ganhos) financeiros, l\u00edquidos\u201d. </div><div></div>\n<div class=\"t s1_32_171\" id=\"t4_32_171\" style=\"left:110px;bottom:1156px;letter-spacing:0.69px;word-spacing:1.77px;display:inline;\">Os ganhos ou perdas geradas no momento do seu desreconhecimento s\u00e3o registados na rubrica </div>\n<span>\"Outros custos (ganhos) financeiros, l\u00edquidos\". </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00241": {
   "value": "<span>(i) Ativos financeiros ao custo amortizado </span><div class=\"t s0_31\" id=\"tp_31\" style=\"left:143px;bottom:502px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao custo amortizado\u201d se cumprir </div><div class=\"t s0_31\" id=\"tq_31\" style=\"left:143px;bottom:478px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cumulativamente as seguintes condi\u00e7\u00f5es: </div><div class=\"t s0_31\" id=\"tr_31\" style=\"left:143px;bottom:440px;letter-spacing:-0.03px;word-spacing:1.09px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio cujo objetivo principal \u00e9 a deten\u00e7\u00e3o de ativos </div><div class=\"t s0_31\" id=\"ts_31\" style=\"left:143px;bottom:417px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">para recolha dos seus fluxos de caixa contratuais; e, </div><div class=\"t s0_31\" id=\"tt_31\" style=\"left:143px;bottom:379px;letter-spacing:-0.03px;word-spacing:3.89px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div><div class=\"t s0_31\" id=\"tu_31\" style=\"left:143px;bottom:355px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida. </div><div class=\"t s0_31\" id=\"tv_31\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:3.34px;display:inline;\">A categoria de \u201cAtivos financeiros ao custo amortizado\u201d inclui contas a receber, empr\u00e9stimos </div><div class=\"t s0_31\" id=\"tw_31\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">concedidos e outras contas a receber que tenham pagamentos fixos ou definidos. </div><div class=\"t s0_31\" id=\"tx_31\" style=\"left:143px;bottom:256px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">Os ativos financeiros ao custo amortizado s\u00e3o reconhecidos inicialmente pelo seu justo valor </div><div class=\"t s0_31\" id=\"ty_31\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:2.16px;display:inline;\">acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o mensurados ao custo amortizado. </div><div class=\"t s0_31\" id=\"tz_31\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">Adicionalmente, est\u00e3o sujeitos, desde o seu reconhecimento inicial, ao apuramento de perdas por </div><div class=\"t s0_31\" id=\"t10_31\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">imparidade para perdas esperadas, as quais s\u00e3o registadas por contrapartida da rubrica \u201cOutros </div><div class=\"t s0_31\" id=\"t11_31\" style=\"left:143px;bottom:162px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">custos (ganhos) financeiros, l\u00edquidos\u201d. </div><div></div>\n<div class=\"t s1_32_171\" id=\"t4_32_171\" style=\"left:110px;bottom:1156px;letter-spacing:0.69px;word-spacing:1.77px;display:inline;\">Os ganhos ou perdas geradas no momento do seu desreconhecimento s\u00e3o registados na rubrica </div>\n<div class=\"t s1_32_171\" id=\"t5_32_171\" style=\"left:110px;bottom:1131px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\"><span>\"Outros custos (ganhos) financeiros, l\u00edquidos\". </span></div>\n<div class=\"t s2_32_171\" id=\"t6_32_171\" style=\"left:165px;bottom:1091px;letter-spacing:1.17px;word-spacing:-0.37px;display:inline;\">(ii) Ativos financeiros ao justo valor atrav\u00e9s de outro rendimento integral </div>\n<div class=\"t s1_32_171\" id=\"t7_32_171\" style=\"left:110px;bottom:1050px;letter-spacing:0.72px;word-spacing:-0.26px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"t8_32_171\" style=\"left:110px;bottom:1025px;letter-spacing:0.78px;word-spacing:0.04px;display:inline;\">rendimento integral\u201d se cumprir cumulativamente as seguintes condi\u00e7\u00f5es: </div>\n<div class=\"t s1_32_171\" id=\"t9_32_171\" style=\"left:110px;bottom:985px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">o ativo financeiro \u00e9 detido num modelo de neg\u00f3cio em que o objetivo \u00e9 a recolha dos seus fluxos de </div>\n<div class=\"t s1_32_171\" id=\"ta_32_171\" style=\"left:110px;bottom:960px;letter-spacing:0.72px;word-spacing:0.11px;display:inline;\">caixa contratuais e a venda desse ativo financeiro; e, </div>\n<div class=\"t s1_32_171\" id=\"tb_32_171\" style=\"left:110px;bottom:920px;letter-spacing:0.63px;word-spacing:4.39px;display:inline;\">os seus fluxos de caixa contratuais ocorrem em datas espec\u00edficas e correspondem apenas a </div>\n<div class=\"t s1_32_171\" id=\"tc_32_171\" style=\"left:110px;bottom:894px;letter-spacing:0.77px;word-spacing:0.05px;display:inline;\">pagamentos de capital e juro do montante em d\u00edvida (SPPI). </div>\n<div class=\"t s1_32_171\" id=\"td_32_171\" style=\"left:110px;bottom:854px;letter-spacing:0.76px;word-spacing:0.96px;display:inline;\">Adicionalmente, no reconhecimento inicial de um instrumento de capital que n\u00e3o seja detido para </div>\n<div class=\"t s1_32_171\" id=\"te_32_171\" style=\"left:110px;bottom:829px;letter-spacing:0.76px;word-spacing:0.06px;display:inline;\">negocia\u00e7\u00e3o, e em que n\u00e3o se verifique uma retribui\u00e7\u00e3o contingente reconhecida por um adquirente </div>\n<div class=\"t s1_32_171\" id=\"tf_32_171\" style=\"left:110px;bottom:804px;letter-spacing:0.64px;word-spacing:3.08px;display:inline;\">numa concentra\u00e7\u00e3o de atividades empresariais \u00e0 qual se aplica a IFRS 3, o Grupo pode optar </div>\n<div class=\"t s1_32_171\" id=\"tg_32_171\" style=\"left:110px;bottom:779px;letter-spacing:0.74px;word-spacing:-0.49px;display:inline;\">irrevogavelmente por classific\u00e1-lo na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de outro </div>\n<div class=\"t s1_32_171\" id=\"th_32_171\" style=\"left:110px;bottom:754px;letter-spacing:0.9px;word-spacing:-0.07px;display:inline;\">rendimento integral\". </div>\n<div class=\"t s1_32_171\" id=\"ti_32_171\" style=\"left:110px;bottom:714px;letter-spacing:0.77px;word-spacing:1.51px;display:inline;\">Os instrumentos de capital ao justo valor atrav\u00e9s de outro rendimento integral s\u00e3o reconhecidos </div>\n<div class=\"t s1_32_171\" id=\"tj_32_171\" style=\"left:110px;bottom:688px;letter-spacing:0.69px;word-spacing:3.05px;display:inline;\">inicialmente pelo seu justo valor acrescido dos custos de transa\u00e7\u00e3o e, subsequentemente, s\u00e3o </div>\n<div class=\"t s1_32_171\" id=\"tk_32_171\" style=\"left:110px;bottom:663px;letter-spacing:0.71px;word-spacing:0.12px;display:inline;\">mensurados ao justo valor. As varia\u00e7\u00f5es no justo valor destes ativos financeiros s\u00e3o registadas por </div>\n<div class=\"t s1_32_171\" id=\"tl_32_171\" style=\"left:110px;bottom:638px;letter-spacing:0.73px;word-spacing:0.43px;display:inline;\">contrapartida de outro rendimento integral. Os dividendos s\u00e3o reconhecidos em resultados quando </div>\n<div class=\"t s1_32_171\" id=\"tm_32_171\" style=\"left:110px;bottom:613px;letter-spacing:0.77px;word-spacing:0.03px;display:inline;\">for atribu\u00eddo o direito ao seu recebimento. </div>\n<div class=\"t s1_32_171\" id=\"tn_32_171\" style=\"left:110px;bottom:573px;letter-spacing:0.83px;word-spacing:-0.04px;display:inline;\">O investimento detido nas a\u00e7\u00f5es da Oi (de 0,18% em 31 de dezembro de 2024 e durante 2025 at\u00e9 </div>\n<div class=\"t s1_32_171\" id=\"to_32_171\" style=\"left:110px;bottom:548px;letter-spacing:0.81px;word-spacing:0.01px;display:inline;\">a sua liquida\u00e7\u00e3o total) encontra-se mensurado ao justo valor atrav\u00e9s de outro rendimento integral, </div>\n<div class=\"t s1_32_171\" id=\"tp_32_171\" style=\"left:110px;bottom:523px;letter-spacing:0.7px;word-spacing:1.94px;display:inline;\">sendo os ganhos e perdas decorrentes de varia\u00e7\u00f5es de justo valor reconhecidas diretamente no </div>\n<div class=\"t s1_32_171\" id=\"tq_32_171\" style=\"left:110px;bottom:498px;letter-spacing:0.77px;word-spacing:0.06px;display:inline;\">outro rendimento integral, conforme op\u00e7\u00e3o da IFRS9. </div>\n<div class=\"t s2_32_171\" id=\"tr_32_171\" style=\"left:165px;bottom:457px;letter-spacing:1.12px;word-spacing:-0.33px;display:inline;\"><span>(iii) Ativos financeiros ao justo valor atrav\u00e9s de resultados </span></div>\n<div class=\"t s1_32_171\" id=\"ts_32_171\" style=\"left:110px;bottom:417px;letter-spacing:0.7px;word-spacing:2.67px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de </div>\n<div class=\"t s1_32_171\" id=\"tt_32_171\" style=\"left:110px;bottom:392px;letter-spacing:0.66px;word-spacing:-0.01px;display:inline;\">resultados\u201d se o modelo de neg\u00f3cio definido para a sua gest\u00e3o ou as caracter\u00edsticas dos seus fluxos </div>\n<div class=\"t s1_32_171\" id=\"tu_32_171\" style=\"left:110px;bottom:367px;letter-spacing:0.69px;word-spacing:2.33px;display:inline;\">de caixa contratuais n\u00e3o cumprirem as condi\u00e7\u00f5es acima descritas para ser mensurado ao custo </div>\n<div class=\"t s1_32_171\" id=\"tv_32_171\" style=\"left:110px;bottom:342px;letter-spacing:0.82px;word-spacing:-0.02px;display:inline;\">amortizado, nem ao justo valor atrav\u00e9s de outro rendimento integral (FVOCI). </div>\n<div class=\"t s1_32_171\" id=\"tw_32_171\" style=\"left:110px;bottom:301px;letter-spacing:0.69px;word-spacing:2.46px;display:inline;\">Adicionalmente, o PHAROL pode designar irrevogavelmente um ativo financeiro, que cumpra os </div>\n<div class=\"t s1_32_171\" id=\"tx_32_171\" style=\"left:110px;bottom:276px;letter-spacing:0.71px;word-spacing:-0.27px;display:inline;\">crit\u00e9rios para ser mensurado ao custo amortizado ou ao FVOCI, ao justo valor atrav\u00e9s de resultados </div>\n<div class=\"t s1_32_171\" id=\"ty_32_171\" style=\"left:110px;bottom:251px;letter-spacing:0.77px;word-spacing:3.71px;display:inline;\">no momento do seu reconhecimento inicial, se tal eliminar ou reduzir significativamente uma </div>\n<div class=\"t s1_32_171\" id=\"tz_32_171\" style=\"left:110px;bottom:226px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">incoer\u00eancia na mensura\u00e7\u00e3o ou no reconhecimento, que de outra forma resultaria da mensura\u00e7\u00e3o de </div>\n<div class=\"t s1_32_171\" id=\"t10_32_171\" style=\"left:110px;bottom:201px;letter-spacing:0.68px;word-spacing:-0.63px;display:inline;\">ativos ou passivos ou do reconhecimento de ganhos e perdas sobre os mesmos em diferentes bases. </div>\n<div class=\"t s1_32_171\" id=\"t11_32_171\" style=\"left:110px;bottom:161px;letter-spacing:0.65px;word-spacing:0.18px;display:inline;\">A PHAROL classificou os \u201cAtivos financeiros ao justo valor atrav\u00e9s de resultados\u201d em \u201cOutros Ativos </div>\n<div class=\"t s1_32_171\" id=\"t12_32_171\" style=\"left:110px;bottom:136px;letter-spacing:0.76px;word-spacing:0.42px;display:inline;\">N\u00e3o Correntes\"(Rio Forte) e em \u201cAtivos Financeiros\u201d (carteiras de investimentos), ambos em Ativo </div>\n<div class=\"t s1_32_171\" id=\"t13_32_171\" style=\"left:110px;bottom:111px;letter-spacing:0.65px;word-spacing:0.17px;display:inline;\">N\u00e3o Corrente. </div><div></div><div class=\"t s0_33\" id=\"t3_33\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.89px;display:inline;\">Considerando que as transa\u00e7\u00f5es efetuadas pela Empresa no decurso normal da sua atividade s\u00e3o </div><div class=\"t s0_33\" id=\"t4_33\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:0.08px;display:inline;\">realizadas em condi\u00e7\u00f5es de mercado, os ativos financeiros ao justo valor atrav\u00e9s de resultados s\u00e3o </div><div class=\"t s0_33\" id=\"t5_33\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.31px;display:inline;\">reconhecidos inicialmente ao seu justo valor, com os custos ou proveitos associados \u00e0s transa\u00e7\u00f5es </div><div class=\"t s0_33\" id=\"t6_33\" style=\"left:143px;bottom:1017px;letter-spacing:-0.01px;word-spacing:0.92px;display:inline;\">reconhecidos em resultados no momento inicial. As varia\u00e7\u00f5es subsequentes de justo valor destes </div><div class=\"t s0_33\" id=\"t7_33\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">ativos financeiros s\u00e3o reconhecidas em resultados. </div><div class=\"t s0_33\" id=\"t8_33\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:1.77px;display:inline;\">A periodifica\u00e7\u00e3o dos juros e do pr\u00e9mio/desconto (quando aplic\u00e1vel) \u00e9 reconhecida na rubrica de </div><div class=\"t s0_33\" id=\"t9_33\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.08px;display:inline;\">\"Juros obtidos, l\u00edquidos\", com base na taxa de juro efetiva de cada transa\u00e7\u00e3o. Os dividendos s\u00e3o </div><div class=\"t s0_33\" id=\"ta_33\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">reconhecidos em resultados quando for atribu\u00eddo o direito ao seu recebimento. </div><div class=\"t s0_33\" id=\"tb_33\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:-1.1px;display:inline;\">Os investimentos nos t\u00edtulos de d\u00edvida emitidos pela Rio Forte encontram-se mensurados pela melhor </div><div class=\"t s0_33\" id=\"tc_33\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.89px;display:inline;\">estimativa do seu justo valor a cada data de relato, estando as varia\u00e7\u00f5es de justo valor reconhecidas </div><div class=\"t s0_33\" id=\"td_33\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o correntes\u201d. </div><div class=\"t s0_33\" id=\"te_33\" style=\"left:143px;bottom:786px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">As carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es adquiridas em agosto de 2022 e agosto de </div><div class=\"t s0_33\" id=\"tf_33\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:1.59px;display:inline;\">2023 encontram-se registadas pelo valor de mercado, estando as varia\u00e7\u00f5es de justo valor a ser </div><div class=\"t s0_33\" id=\"tg_33\" style=\"left:143px;bottom:739px;letter-spacing:-0.03px;word-spacing:1.96px;display:inline;\">reconhecidas na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o </div><span>correntes\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00255": {
   "value": "<span>(iii) Ativos financeiros ao justo valor atrav\u00e9s de resultados </span><div class=\"t s1_32_171\" id=\"ts_32_171\" style=\"left:110px;bottom:417px;letter-spacing:0.7px;word-spacing:2.67px;display:inline;\">Um ativo financeiro \u00e9 classificado na categoria de \u201cAtivos financeiros ao justo valor atrav\u00e9s de </div>\n<div class=\"t s1_32_171\" id=\"tt_32_171\" style=\"left:110px;bottom:392px;letter-spacing:0.66px;word-spacing:-0.01px;display:inline;\">resultados\u201d se o modelo de neg\u00f3cio definido para a sua gest\u00e3o ou as caracter\u00edsticas dos seus fluxos </div>\n<div class=\"t s1_32_171\" id=\"tu_32_171\" style=\"left:110px;bottom:367px;letter-spacing:0.69px;word-spacing:2.33px;display:inline;\">de caixa contratuais n\u00e3o cumprirem as condi\u00e7\u00f5es acima descritas para ser mensurado ao custo </div>\n<div class=\"t s1_32_171\" id=\"tv_32_171\" style=\"left:110px;bottom:342px;letter-spacing:0.82px;word-spacing:-0.02px;display:inline;\">amortizado, nem ao justo valor atrav\u00e9s de outro rendimento integral (FVOCI). </div>\n<div class=\"t s1_32_171\" id=\"tw_32_171\" style=\"left:110px;bottom:301px;letter-spacing:0.69px;word-spacing:2.46px;display:inline;\">Adicionalmente, o PHAROL pode designar irrevogavelmente um ativo financeiro, que cumpra os </div>\n<div class=\"t s1_32_171\" id=\"tx_32_171\" style=\"left:110px;bottom:276px;letter-spacing:0.71px;word-spacing:-0.27px;display:inline;\">crit\u00e9rios para ser mensurado ao custo amortizado ou ao FVOCI, ao justo valor atrav\u00e9s de resultados </div>\n<div class=\"t s1_32_171\" id=\"ty_32_171\" style=\"left:110px;bottom:251px;letter-spacing:0.77px;word-spacing:3.71px;display:inline;\">no momento do seu reconhecimento inicial, se tal eliminar ou reduzir significativamente uma </div>\n<div class=\"t s1_32_171\" id=\"tz_32_171\" style=\"left:110px;bottom:226px;letter-spacing:0.75px;word-spacing:-0.3px;display:inline;\">incoer\u00eancia na mensura\u00e7\u00e3o ou no reconhecimento, que de outra forma resultaria da mensura\u00e7\u00e3o de </div>\n<div class=\"t s1_32_171\" id=\"t10_32_171\" style=\"left:110px;bottom:201px;letter-spacing:0.68px;word-spacing:-0.63px;display:inline;\">ativos ou passivos ou do reconhecimento de ganhos e perdas sobre os mesmos em diferentes bases. </div>\n<div class=\"t s1_32_171\" id=\"t11_32_171\" style=\"left:110px;bottom:161px;letter-spacing:0.65px;word-spacing:0.18px;display:inline;\">A PHAROL classificou os \u201cAtivos financeiros ao justo valor atrav\u00e9s de resultados\u201d em \u201cOutros Ativos </div>\n<div class=\"t s1_32_171\" id=\"t12_32_171\" style=\"left:110px;bottom:136px;letter-spacing:0.76px;word-spacing:0.42px;display:inline;\">N\u00e3o Correntes\"(Rio Forte) e em \u201cAtivos Financeiros\u201d (carteiras de investimentos), ambos em Ativo </div>\n<div class=\"t s1_32_171\" id=\"t13_32_171\" style=\"left:110px;bottom:111px;letter-spacing:0.65px;word-spacing:0.17px;display:inline;\">N\u00e3o Corrente. </div><div></div><div class=\"t s0_33\" id=\"t3_33\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.89px;display:inline;\">Considerando que as transa\u00e7\u00f5es efetuadas pela Empresa no decurso normal da sua atividade s\u00e3o </div><div class=\"t s0_33\" id=\"t4_33\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:0.08px;display:inline;\">realizadas em condi\u00e7\u00f5es de mercado, os ativos financeiros ao justo valor atrav\u00e9s de resultados s\u00e3o </div><div class=\"t s0_33\" id=\"t5_33\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:0.31px;display:inline;\">reconhecidos inicialmente ao seu justo valor, com os custos ou proveitos associados \u00e0s transa\u00e7\u00f5es </div><div class=\"t s0_33\" id=\"t6_33\" style=\"left:143px;bottom:1017px;letter-spacing:-0.01px;word-spacing:0.92px;display:inline;\">reconhecidos em resultados no momento inicial. As varia\u00e7\u00f5es subsequentes de justo valor destes </div><div class=\"t s0_33\" id=\"t7_33\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">ativos financeiros s\u00e3o reconhecidas em resultados. </div><div class=\"t s0_33\" id=\"t8_33\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:1.77px;display:inline;\">A periodifica\u00e7\u00e3o dos juros e do pr\u00e9mio/desconto (quando aplic\u00e1vel) \u00e9 reconhecida na rubrica de </div><div class=\"t s0_33\" id=\"t9_33\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.08px;display:inline;\">\"Juros obtidos, l\u00edquidos\", com base na taxa de juro efetiva de cada transa\u00e7\u00e3o. Os dividendos s\u00e3o </div><div class=\"t s0_33\" id=\"ta_33\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">reconhecidos em resultados quando for atribu\u00eddo o direito ao seu recebimento. </div><div class=\"t s0_33\" id=\"tb_33\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:-1.1px;display:inline;\">Os investimentos nos t\u00edtulos de d\u00edvida emitidos pela Rio Forte encontram-se mensurados pela melhor </div><div class=\"t s0_33\" id=\"tc_33\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.89px;display:inline;\">estimativa do seu justo valor a cada data de relato, estando as varia\u00e7\u00f5es de justo valor reconhecidas </div><div class=\"t s0_33\" id=\"td_33\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o correntes\u201d. </div><div class=\"t s0_33\" id=\"te_33\" style=\"left:143px;bottom:786px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">As carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es adquiridas em agosto de 2022 e agosto de </div><div class=\"t s0_33\" id=\"tf_33\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:1.59px;display:inline;\">2023 encontram-se registadas pelo valor de mercado, estando as varia\u00e7\u00f5es de justo valor a ser </div><div class=\"t s0_33\" id=\"tg_33\" style=\"left:143px;bottom:739px;letter-spacing:-0.03px;word-spacing:1.96px;display:inline;\">reconhecidas na demonstra\u00e7\u00e3o de resultados na rubrica \u201cPerdas (ganhos) em outros ativos n\u00e3o </div><span>correntes\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00256": {
   "value": "<span>(iv) Passivos financeiros e instrumentos de capital pr\u00f3prio </span><div class=\"t s0_33\" id=\"tj_33\" style=\"left:143px;bottom:639px;letter-spacing:-0.02px;word-spacing:0.62px;display:inline;\">Os passivos financeiros e os instrumentos de capital pr\u00f3prio emitidos pelo Grupo s\u00e3o classificados </div><div class=\"t s0_33\" id=\"tk_33\" style=\"left:143px;bottom:616px;letter-spacing:-0.03px;word-spacing:2.29px;display:inline;\">de acordo com a subst\u00e2ncia contratual da transa\u00e7\u00e3o e com a defini\u00e7\u00e3o do passivo financeiro e </div><div class=\"t s0_33\" id=\"tl_33\" style=\"left:143px;bottom:592px;letter-spacing:-0.03px;word-spacing:-0.6px;display:inline;\">instrumento de capital pr\u00f3prio. Os instrumentos de capital pr\u00f3prio s\u00e3o contratos que evidenciam um </div><div class=\"t s0_33\" id=\"tm_33\" style=\"left:143px;bottom:568px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">interesse residual nos ativos do Grupo ap\u00f3s dedu\u00e7\u00e3o dos passivos. </div><div class=\"t s0_33\" id=\"tn_33\" style=\"left:143px;bottom:531px;letter-spacing:-0.02px;word-spacing:1.86px;display:inline;\">Os instrumentos de capital pr\u00f3prio emitidos pelas empresas do Grupo s\u00e3o registados pelo valor </div><span>recebido, l\u00edquido de custos de emiss\u00e3o.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00257": {
   "value": "<span>(v) Contas a pagar (Nota 14) </span><div class=\"t s0_33\" id=\"tq_33\" style=\"left:143px;bottom:431px;letter-spacing:-0.01px;word-spacing:1.1px;display:inline;\">As contas a pagar s\u00e3o registadas pelo seu valor nominal, que \u00e9 substancialmente equivalente ao </div><span>seu justo valor.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00258": {
   "value": "<span>(vi) A\u00e7\u00f5es pr\u00f3prias (Nota 17) </span><div class=\"t s0_33\" id=\"tt_33\" style=\"left:143px;bottom:332px;letter-spacing:-0.04px;word-spacing:2.41px;display:inline;\">As a\u00e7\u00f5es pr\u00f3prias s\u00e3o contabilizadas pelo seu valor de aquisi\u00e7\u00e3o como uma redu\u00e7\u00e3o do capital </div><div class=\"t s0_33\" id=\"tu_33\" style=\"left:143px;bottom:308px;letter-spacing:-0.01px;word-spacing:-0.49px;display:inline;\">pr\u00f3prio na rubrica \u201cA\u00e7\u00f5es pr\u00f3prias\u201d, e os ganhos ou perdas inerentes \u00e0 sua aliena\u00e7\u00e3o s\u00e3o registados </div><span>em \u201cResultados acumulados\u201d.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00259": {
   "value": "<span>(vii) Caixa e equivalentes de caixa e investimentos de curto prazo (Nota 18) </span><div class=\"t s0_33\" id=\"tx_33\" style=\"left:143px;bottom:209px;letter-spacing:-0.04px;word-spacing:1.65px;display:inline;\">Os montantes inclu\u00eddos na rubrica \u201cCaixa e equivalentes de caixa\u201d correspondem aos valores de </div><div class=\"t s0_33\" id=\"ty_33\" style=\"left:143px;bottom:185px;letter-spacing:-0.02px;word-spacing:0.73px;display:inline;\">caixa, dep\u00f3sitos banc\u00e1rios, dep\u00f3sitos a prazo e outros, venc\u00edveis em ou a menos de tr\u00eas meses e </div><div class=\"t s0_33\" id=\"tz_33\" style=\"left:143px;bottom:162px;letter-spacing:-0.03px;word-spacing:0.79px;display:inline;\">que possam ser imediatamente mobiliz\u00e1veis e com risco insignificante de altera\u00e7\u00e3o de valor. Para </div><div class=\"t s0_33\" id=\"t10_33\" style=\"left:143px;bottom:138px;letter-spacing:-0.01px;word-spacing:1.07px;display:inline;\">efeitos da Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, a rubrica de \u201cCaixa e equivalentes de </div><div></div><div class=\"t s0_34\" id=\"t3_34\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:1.34px;display:inline;\">caixa\u201d compreende tamb\u00e9m os descobertos banc\u00e1rios inclu\u00eddos na Demonstra\u00e7\u00e3o Consolidada da </div><span>Posi\u00e7\u00e3o Financeira na rubrica de \u201cD\u00edvida de curto prazo\u201d, quando aplic\u00e1vel.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00260": {
   "value": "<span>g) </span><div class=\"t s1_34\" id=\"t6_34\" style=\"left:190px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">Loca\u00e7\u00f5es (a empresa como locat\u00e1ria) </div><div class=\"t s2_34\" id=\"t7_34\" style=\"left:195px;bottom:988px;letter-spacing:-0.06px;display:inline;\">Reconhecimento </div><div class=\"t s0_34\" id=\"t8_34\" style=\"left:143px;bottom:950px;letter-spacing:-0.02px;word-spacing:0.45px;display:inline;\">A Empresa reconhece um direito de uso de um ativo e um passivo de loca\u00e7\u00e3o na data de in\u00edcio do </div><div class=\"t s0_34\" id=\"t9_34\" style=\"left:143px;bottom:927px;letter-spacing:-0.03px;word-spacing:2.99px;display:inline;\">contrato de arrendamento. O direito de uso do ativo \u00e9 inicialmente mensurado ao custo, que </div><div class=\"t s0_34\" id=\"ta_34\" style=\"left:143px;bottom:904px;letter-spacing:-0.02px;word-spacing:0.82px;display:inline;\">compreende o valor inicial da responsabilidade de loca\u00e7\u00e3o ajustada por quaisquer pagamentos de </div><div class=\"t s0_34\" id=\"tb_34\" style=\"left:143px;bottom:880px;letter-spacing:-0.02px;word-spacing:1.07px;display:inline;\">loca\u00e7\u00e3o feitos em/ou antes da data de in\u00edcio, al\u00e9m de quaisquer custos diretos iniciais incorridos, </div><div class=\"t s0_34\" id=\"tc_34\" style=\"left:143px;bottom:856px;letter-spacing:-0.02px;word-spacing:0.42px;display:inline;\">assim como uma estimativa dos custos de desmantelamento e remo\u00e7\u00e3o do ativo subjacente (caso </div><div class=\"t s0_34\" id=\"td_34\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">aplic\u00e1vel), deduzido de qualquer incentivo concedido. </div><div class=\"t s0_34\" id=\"te_34\" style=\"left:143px;bottom:795px;letter-spacing:-0.03px;word-spacing:0.07px;display:inline;\">A responsabilidade da loca\u00e7\u00e3o \u00e9 inicialmente reconhecida pelo valor presente das rendas ainda n\u00e3o </div><div class=\"t s0_34\" id=\"tf_34\" style=\"left:143px;bottom:771px;letter-spacing:-0.01px;word-spacing:-0.26px;display:inline;\">pagas \u00e0 data do contrato de loca\u00e7\u00e3o, descontando os juros a uma taxa de juro impl\u00edcita na loca\u00e7\u00e3o, </div><div class=\"t s0_34\" id=\"tg_34\" style=\"left:143px;bottom:748px;letter-spacing:-0.01px;word-spacing:1.6px;display:inline;\">ou no caso em que n\u00e3o seja poss\u00edvel determinar esta taxa facilmente, utilizando a taxa de juro </div><div class=\"t s0_34\" id=\"th_34\" style=\"left:143px;bottom:724px;letter-spacing:-0.02px;word-spacing:0.73px;display:inline;\">incremental da Empresa. Em geral, a Empresa utiliza a sua taxa de juro incremental como a taxa </div><div class=\"t s0_34\" id=\"ti_34\" style=\"left:143px;bottom:701px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">de desconto a aplicar. </div><div class=\"t s0_34\" id=\"tj_34\" style=\"left:143px;bottom:663px;letter-spacing:-0.03px;display:inline;\">Pagamentos de loca\u00e7\u00e3o inclu\u00eddos na mensura\u00e7\u00e3o do passivo de loca\u00e7\u00e3o incluem o seguinte: </div><div class=\"t s3_34\" id=\"tk_34\" style=\"left:169px;bottom:625px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tl_34\" style=\"left:195px;bottom:625px;letter-spacing:-0.04px;word-spacing:0.05px;display:inline;\">pagamentos fixos, deduzidos de quaisquer incentivos j\u00e1 recebidos; </div><div class=\"t s3_34\" id=\"tm_34\" style=\"left:169px;bottom:602px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tn_34\" style=\"left:195px;bottom:601px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">pagamentos de loca\u00e7\u00e3o vari\u00e1vel, dependente de uma determinada taxa ou \u00edndice; </div><div class=\"t s3_34\" id=\"to_34\" style=\"left:169px;bottom:578px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tp_34\" style=\"left:195px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">montantes que sejam devidos ao abrigo de uma garantia do valor residual; </div><div class=\"t s3_34\" id=\"tq_34\" style=\"left:169px;bottom:555px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tr_34\" style=\"left:195px;bottom:554px;letter-spacing:-0.04px;word-spacing:-0.17px;display:inline;\">pre\u00e7o de exerc\u00edcio da op\u00e7\u00e3o de compra, se for razoavelmente certo que o locat\u00e1rio exer\u00e7a a </div><div class=\"t s0_34\" id=\"ts_34\" style=\"left:195px;bottom:531px;letter-spacing:0.02px;word-spacing:-0.21px;display:inline;\">op\u00e7\u00e3o; e </div><div class=\"t s3_34\" id=\"tt_34\" style=\"left:169px;bottom:508px;display:inline;\">\ue001 </div><div class=\"t s0_34\" id=\"tu_34\" style=\"left:195px;bottom:507px;letter-spacing:-0.04px;word-spacing:2.53px;display:inline;\">pagamento de penalidades pelo t\u00e9rmino do contrato, se for razoavelmente certo que o </div><div class=\"t s0_34\" id=\"tv_34\" style=\"left:195px;bottom:483px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">locat\u00e1rio cancele o contrato. </div><div class=\"t s0_34\" id=\"tw_34\" style=\"left:143px;bottom:460px;letter-spacing:-0.02px;word-spacing:1.66px;display:inline;\">A responsabilidade por loca\u00e7\u00f5es \u00e9 remensurada quando se verificam altera\u00e7\u00f5es nos pagamentos </div><div class=\"t s0_34\" id=\"tx_34\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.96px;display:inline;\">futuros derivados de uma altera\u00e7\u00e3o da taxa ou \u00edndice, se ocorrer uma altera\u00e7\u00e3o na estimativa da </div><div class=\"t s0_34\" id=\"ty_34\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:0.07px;display:inline;\">Empresa do montante que dever\u00e1 ser pago sob uma garantia de valor residual, ou caso a Empresa </div><div class=\"t s0_34\" id=\"tz_34\" style=\"left:143px;bottom:389px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">altere a sua avalia\u00e7\u00e3o acerca da op\u00e7\u00e3o de exerc\u00edcio de compra, sua extens\u00e3o ou rescis\u00e3o. </div><div class=\"t s0_34\" id=\"t10_34\" style=\"left:143px;bottom:351px;letter-spacing:-0.03px;word-spacing:3.2px;display:inline;\">Quando a responsabilidade por loca\u00e7\u00f5es \u00e9 remensurada, o valor do direito de uso \u00e9 tamb\u00e9m </div><div class=\"t s0_34\" id=\"t11_34\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:3.71px;display:inline;\">ajustado, ou \u00e9 registado um lucro ou preju\u00edzo na demonstra\u00e7\u00e3o de resultados, se a quantia </div><div class=\"t s0_34\" id=\"t12_34\" style=\"left:143px;bottom:304px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">escriturada do ativo do direito de uso j\u00e1 se encontrava reduzida a zero. </div><div class=\"t s0_34\" id=\"t13_34\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:1.49px;display:inline;\">O Grupo apresenta os direitos de uso de ativos e as responsabilidades por loca\u00e7\u00f5es em rubricas </div><div class=\"t s0_34\" id=\"t14_34\" style=\"left:143px;bottom:243px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">devidamente segregadas na demonstra\u00e7\u00e3o consolidada da posi\u00e7\u00e3o financeira. </div><div class=\"t s2_34\" id=\"t15_34\" style=\"left:195px;bottom:205px;letter-spacing:-0.04px;word-spacing:0.04px;display:inline;\">Loca\u00e7\u00f5es financeiras de curto prazo ou loca\u00e7\u00f5es de ativos de baixo valor </div><div class=\"t s0_34\" id=\"t16_34\" style=\"left:143px;bottom:167px;letter-spacing:-0.04px;word-spacing:-0.53px;display:inline;\">A Empresa n\u00e3o reconhece como direitos de uso de ativos ou responsabilidade de loca\u00e7\u00f5es, contratos </div><div class=\"t s0_34\" id=\"t17_34\" style=\"left:143px;bottom:143px;letter-spacing:-0.02px;word-spacing:1.59px;display:inline;\">de loca\u00e7\u00e3o de dura\u00e7\u00e3o inferior a 12 meses ou loca\u00e7\u00f5es de baixo valor. A Empresa reconhece os </div><div></div><div class=\"t s0_35\" id=\"t3_35\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.25px;display:inline;\">disp\u00eandios associados a estas loca\u00e7\u00f5es, como um custo do exerc\u00edcio durante o per\u00edodo de vida dos </div><div class=\"t s0_35\" id=\"t4_35\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;display:inline;\">contratos. </div><div class=\"t s1_35\" id=\"t5_35\" style=\"left:195px;bottom:1026px;letter-spacing:-0.04px;display:inline;\">Amortiza\u00e7\u00e3o </div><div class=\"t s0_35\" id=\"t6_35\" style=\"left:143px;bottom:988px;letter-spacing:-0.02px;word-spacing:-0.29px;display:inline;\"><span>O direito de uso do ativo \u00e9 depreciado utilizando o m\u00e9todo de deprecia\u00e7\u00e3o linear, com base no mais </span></div><div class=\"t s0_35\" id=\"t7_35\" style=\"left:143px;bottom:965px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">baixo de entre a vida \u00fatil do ativo do direito de uso ou o fim do prazo da loca\u00e7\u00e3o. A vida \u00fatil estimada </div><div class=\"t s0_35\" id=\"t8_35\" style=\"left:143px;bottom:941px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\"><span>dos ativos do direito de uso \u00e9 determinada na mesma base que para os restantes ativos tang\u00edveis.</span> </div><div class=\"t s1_35\" id=\"t9_35\" style=\"left:195px;bottom:904px;letter-spacing:-0.05px;display:inline;\">Imparidades </div><div class=\"t s0_35\" id=\"ta_35\" style=\"left:143px;bottom:866px;letter-spacing:-0.02px;word-spacing:-0.63px;display:inline;\">O direito de uso do ativo \u00e9 periodicamente reduzido por perdas de imparidade, e ajustado por certas </div><div class=\"t s0_35\" id=\"tb_35\" style=\"left:143px;bottom:842px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">varia\u00e7\u00f5es da obriga\u00e7\u00e3o por loca\u00e7\u00f5es associadas ao ativo. </div><div class=\"t s1_35\" id=\"tc_35\" style=\"left:195px;bottom:804px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\"><span>Estimativas contabil\u00edsticas e julgamentos </span></div><div class=\"t s1_35\" id=\"td_35\" style=\"left:195px;bottom:766px;letter-spacing:-0.05px;word-spacing:0.1px;display:inline;\">Vidas \u00fateis, valores residuais dos ativos e taxas de desconto </div><div class=\"t s0_35\" id=\"te_35\" style=\"left:143px;bottom:728px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">O apuramento dos valores residuais dos ativos, estimativa das vidas \u00fateis e taxas de desconto t\u00eam </div><div class=\"t s0_35\" id=\"tf_35\" style=\"left:143px;bottom:705px;letter-spacing:-0.03px;word-spacing:2.13px;display:inline;\">por base premissas dos contratos de loca\u00e7\u00e3o (ou ativos similares) e s\u00e3o definidos baseados no </div><span>julgamento da Gest\u00e3o, assim como as melhores pr\u00e1ticas em uso pelo setor.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00192": {
   "value": "<span>Estimativas contabil\u00edsticas e julgamentos </span><div class=\"t s1_35\" id=\"td_35\" style=\"left:195px;bottom:766px;letter-spacing:-0.05px;word-spacing:0.1px;display:inline;\">Vidas \u00fateis, valores residuais dos ativos e taxas de desconto </div><div class=\"t s0_35\" id=\"te_35\" style=\"left:143px;bottom:728px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">O apuramento dos valores residuais dos ativos, estimativa das vidas \u00fateis e taxas de desconto t\u00eam </div><div class=\"t s0_35\" id=\"tf_35\" style=\"left:143px;bottom:705px;letter-spacing:-0.03px;word-spacing:2.13px;display:inline;\">por base premissas dos contratos de loca\u00e7\u00e3o (ou ativos similares) e s\u00e3o definidos baseados no </div><div class=\"t s0_35\" id=\"tg_35\" style=\"left:143px;bottom:681px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\"><span>julgamento da Gest\u00e3o, assim como as melhores pr\u00e1ticas em uso pelo setor.</span> </div><div class=\"t s2_35\" id=\"th_35\" style=\"left:164px;bottom:643px;letter-spacing:-0.06px;display:inline;\"><span>h) </span></div><div class=\"t s2_35\" id=\"ti_35\" style=\"left:190px;bottom:643px;letter-spacing:-0.06px;word-spacing:0.08px;display:inline;\">Imposto sobre o rendimento </div><div class=\"t s0_35\" id=\"tj_35\" style=\"left:143px;bottom:605px;letter-spacing:-0.03px;word-spacing:0.3px;display:inline;\">O imposto sobre o rendimento do per\u00edodo \u00e9 reconhecido de acordo com o preconizado pela IAS 12 </div><div class=\"t s0_35\" id=\"tk_35\" style=\"left:143px;bottom:582px;letter-spacing:-0.03px;word-spacing:-0.24px;display:inline;\">Impostos sobre o Rendimento (\u201cIAS 12\u201d), sendo composto por imposto corrente e imposto diferido. </div><div class=\"t s0_35\" id=\"tl_35\" style=\"left:143px;bottom:544px;word-spacing:-0.13px;display:inline;\">Na mensura\u00e7\u00e3o do custo relativo ao imposto sobre o rendimento do per\u00edodo, para al\u00e9m do imposto </div><div class=\"t s0_35\" id=\"tm_35\" style=\"left:143px;bottom:520px;letter-spacing:-0.01px;word-spacing:0.06px;display:inline;\">corrente \u00e9 ainda considerado o efeito do imposto diferido, calculado com base na diferen\u00e7a entre o </div><div class=\"t s0_35\" id=\"tn_35\" style=\"left:143px;bottom:497px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">valor contabil\u00edstico dos ativos e passivos em determinado momento e o correspondente valor para </div><div class=\"t s0_35\" id=\"to_35\" style=\"left:143px;bottom:473px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">efeitos fiscais. </div><div class=\"t s0_35\" id=\"tp_35\" style=\"left:143px;bottom:435px;letter-spacing:-0.04px;word-spacing:5.78px;display:inline;\">Os passivos por impostos diferidos s\u00e3o geralmente reconhecidos para todas as diferen\u00e7as </div><div class=\"t s0_35\" id=\"tq_35\" style=\"left:143px;bottom:411px;letter-spacing:-0.03px;word-spacing:0.38px;display:inline;\">tempor\u00e1rias tribut\u00e1veis, e os ativos por impostos diferidos apenas s\u00e3o reconhecidos quando exista </div><div class=\"t s0_35\" id=\"tr_35\" style=\"left:143px;bottom:388px;letter-spacing:-0.02px;word-spacing:1.68px;display:inline;\">razo\u00e1vel seguran\u00e7a de que estes poder\u00e3o vir a ser utilizados na redu\u00e7\u00e3o do resultado tribut\u00e1vel </div><div class=\"t s0_35\" id=\"ts_35\" style=\"left:143px;bottom:364px;letter-spacing:-0.03px;word-spacing:1.8px;display:inline;\">futuro, ou quando existam impostos diferidos passivos cuja revers\u00e3o seja expect\u00e1vel ocorrer no </div><div class=\"t s0_35\" id=\"tt_35\" style=\"left:143px;bottom:341px;letter-spacing:-0.02px;word-spacing:1.12px;display:inline;\">mesmo per\u00edodo em que os impostos diferidos ativos sejam revertidos. Na data da Demonstra\u00e7\u00e3o </div><div class=\"t s0_35\" id=\"tu_35\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:1.27px;display:inline;\">Consolidada da Posi\u00e7\u00e3o Financeira, \u00e9 efetuada uma revis\u00e3o desses ativos por impostos diferidos, </div><div class=\"t s0_35\" id=\"tv_35\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.05px;display:inline;\">sendo os mesmos reduzidos sempre que deixe de ser prov\u00e1vel a sua utiliza\u00e7\u00e3o futura. </div><div class=\"t s0_35\" id=\"tw_35\" style=\"left:143px;bottom:256px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">O montante de imposto a incluir quer no imposto corrente, quer no imposto diferido, que resulte de </div><div class=\"t s0_35\" id=\"tx_35\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:-0.21px;display:inline;\">transa\u00e7\u00f5es ou eventos reconhecidos diretamente no capital pr\u00f3prio, \u00e9 registado diretamente nestas </div><div class=\"t s0_35\" id=\"ty_35\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.13px;display:inline;\">mesmas rubricas. Deste modo, o impacto de altera\u00e7\u00f5es na taxa de imposto tamb\u00e9m \u00e9 reconhecido </div><div class=\"t s0_35\" id=\"tz_35\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:0.64px;display:inline;\">no resultado l\u00edquido, exceto quando se refere a itens reconhecidos diretamente no capital pr\u00f3prio, </div><div class=\"t s0_35\" id=\"t10_35\" style=\"left:143px;bottom:162px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\"><span>caso em que esse impacto tamb\u00e9m \u00e9 reconhecido diretamente no capital pr\u00f3prio.</span> </div><div></div><div class=\"t s1_36\" id=\"t3_36\" style=\"left:164px;bottom:1088px;letter-spacing:-0.03px;display:inline;\"><span>i) </span></div><div class=\"t s1_36\" id=\"t4_36\" style=\"left:190px;bottom:1088px;letter-spacing:-0.05px;word-spacing:0.02px;display:inline;\">Saldos e transa\u00e7\u00f5es em moeda estrangeira </div><div class=\"t s0_36\" id=\"t5_36\" style=\"left:143px;bottom:1050px;letter-spacing:-0.01px;word-spacing:2.11px;display:inline;\">As transa\u00e7\u00f5es em moeda estrangeira s\u00e3o convertidas para Euros \u00e0 taxa de c\u00e2mbio da data da </div><div class=\"t s0_36\" id=\"t6_36\" style=\"left:143px;bottom:1026px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">transa\u00e7\u00e3o. Na data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, \u00e9 efetuada a atualiza\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"t7_36\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.12px;display:inline;\">cambial de ativos e passivos, aplicando a taxa de fecho. As diferen\u00e7as cambiais da\u00ed resultantes s\u00e3o </div><div class=\"t s0_36\" id=\"t8_36\" style=\"left:143px;bottom:979px;letter-spacing:-0.03px;word-spacing:-0.81px;display:inline;\">reconhecidas na Demonstra\u00e7\u00e3o Consolidada dos Resultados do per\u00edodo em que foram determinadas. </div><div class=\"t s0_36\" id=\"t9_36\" style=\"left:143px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">As varia\u00e7\u00f5es cambiais geradas em itens n\u00e3o monet\u00e1rios, incluindo o </div><div class=\"t s2_36\" id=\"ta_36\" style=\"left:586px;bottom:956px;letter-spacing:-0.02px;display:inline;\">goodwill</div><div class=\"t s0_36\" id=\"tb_36\" style=\"left:639px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.72px;display:inline;\">, e em itens monet\u00e1rios </div><div class=\"t s0_36\" id=\"tc_36\" style=\"left:143px;bottom:932px;letter-spacing:-0.01px;word-spacing:-0.6px;display:inline;\">que constituam extens\u00e3o do investimento e cujo reembolso n\u00e3o seja previs\u00edvel num futuro pr\u00f3ximo, </div><div class=\"t s0_36\" id=\"td_36\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:0.63px;display:inline;\">s\u00e3o reconhecidas diretamente no capital pr\u00f3prio na rubrica \u201cAjustamentos de convers\u00e3o cambial\u201d, </div><div class=\"t s0_36\" id=\"te_36\" style=\"left:143px;bottom:885px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">sendo apresentadas na Demonstra\u00e7\u00e3o Consolidada do Rendimento Integral. </div><div class=\"t s0_36\" id=\"tf_36\" style=\"left:143px;bottom:847px;letter-spacing:-0.03px;word-spacing:0.81px;display:inline;\">A convers\u00e3o para Euros de demonstra\u00e7\u00f5es financeiras de empresas participadas denominadas em </div><div class=\"t s0_36\" id=\"tg_36\" style=\"left:143px;bottom:824px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">moeda estrangeira \u00e9 efetuada considerando as seguintes taxas de c\u00e2mbio: </div><div class=\"t s3_36\" id=\"th_36\" style=\"left:169px;bottom:786px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"ti_36\" style=\"left:195px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.04px;display:inline;\">Taxa de c\u00e2mbio vigente \u00e0 data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, para a </div><div class=\"t s0_36\" id=\"tj_36\" style=\"left:195px;bottom:762px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">convers\u00e3o dos ativos e passivos; </div><div class=\"t s3_36\" id=\"tk_36\" style=\"left:169px;bottom:739px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"tl_36\" style=\"left:195px;bottom:739px;letter-spacing:-0.02px;word-spacing:4.23px;display:inline;\">Taxa de c\u00e2mbio m\u00e9dia do per\u00edodo, para a convers\u00e3o das rubricas da Demonstra\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"tm_36\" style=\"left:195px;bottom:715px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">Consolidada dos Resultados; </div><div class=\"t s3_36\" id=\"tn_36\" style=\"left:169px;bottom:692px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"to_36\" style=\"left:195px;bottom:691px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Taxa de c\u00e2mbio m\u00e9dia do per\u00edodo, para a convers\u00e3o dos fluxos de caixa (nos casos em que </div><div class=\"t s0_36\" id=\"tp_36\" style=\"left:195px;bottom:668px;word-spacing:-0.15px;display:inline;\">essa taxa de c\u00e2mbio se aproxime da taxa real, sendo que para os restantes fluxos de caixa </div><div class=\"t s0_36\" id=\"tq_36\" style=\"left:195px;bottom:644px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">\u00e9 utilizada a taxa de c\u00e2mbio da data das opera\u00e7\u00f5es); e </div><div class=\"t s3_36\" id=\"tr_36\" style=\"left:169px;bottom:621px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"ts_36\" style=\"left:195px;bottom:621px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">Taxa de c\u00e2mbio hist\u00f3rica, para a convers\u00e3o das rubricas do capital pr\u00f3prio. </div><div class=\"t s0_36\" id=\"tt_36\" style=\"left:143px;bottom:574px;letter-spacing:-0.04px;word-spacing:3.53px;display:inline;\">As diferen\u00e7as de c\u00e2mbio originadas na convers\u00e3o s\u00e3o inclu\u00eddas no capital pr\u00f3prio, na rubrica </div><div class=\"t s0_36\" id=\"tu_36\" style=\"left:143px;bottom:550px;letter-spacing:-0.03px;word-spacing:4.25px;display:inline;\">\"Ajustamentos de convers\u00e3o cambial\", e s\u00e3o apresentadas na Demonstra\u00e7\u00e3o Consolidada do </div><div class=\"t s0_36\" id=\"tv_36\" style=\"left:143px;bottom:526px;letter-spacing:-0.03px;word-spacing:1.67px;display:inline;\">Rendimento Integral. De acordo com o IAS 21, quando ocorre uma redu\u00e7\u00e3o do investimento da </div><div class=\"t s0_36\" id=\"tw_36\" style=\"left:143px;bottom:503px;letter-spacing:-0.03px;word-spacing:2.64px;display:inline;\">PHAROL SGPS numa entidade estrangeira, atrav\u00e9s da venda ou reembolso de capital, o efeito </div><div class=\"t s0_36\" id=\"tx_36\" style=\"left:143px;bottom:479px;letter-spacing:-0.04px;word-spacing:-0.2px;display:inline;\">acumulado dos ajustamentos de convers\u00e3o cambial \u00e9 transferido para a Demonstra\u00e7\u00e3o Consolidada </div><div class=\"t s0_36\" id=\"ty_36\" style=\"left:143px;bottom:456px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">de Resultados, de forma proporcional \u00e0 redu\u00e7\u00e3o ocorrida no investimento. </div><div class=\"t s0_36\" id=\"tz_36\" style=\"left:143px;bottom:418px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">A PHAROL SGPS optou por utilizar a exce\u00e7\u00e3o prevista no IFRS 1, transferindo o montante relativo a </div><div class=\"t s0_36\" id=\"t10_36\" style=\"left:143px;bottom:394px;letter-spacing:-0.03px;word-spacing:0.32px;display:inline;\">varia\u00e7\u00f5es cambiais acumuladas at\u00e9 \u00e0 data da transi\u00e7\u00e3o, contabilizado na rubrica de \u201cAjustamentos </div><div class=\"t s0_36\" id=\"t11_36\" style=\"left:143px;bottom:371px;letter-spacing:-0.02px;word-spacing:-0.55px;display:inline;\">de convers\u00e3o cambial\u201d em 1 de janeiro de 2004, para a rubrica de \u201cResultados transitados\u201d. A partir </div><div class=\"t s0_36\" id=\"t12_36\" style=\"left:143px;bottom:347px;letter-spacing:-0.01px;word-spacing:0.79px;display:inline;\">de 1 de janeiro de 2004, o Grupo come\u00e7ou a registar diretamente no capital pr\u00f3prio as varia\u00e7\u00f5es </div><div class=\"t s0_36\" id=\"t13_36\" style=\"left:143px;bottom:324px;letter-spacing:-0.01px;word-spacing:0.38px;display:inline;\">cambiais permitidas pelos IFRS, passando as varia\u00e7\u00f5es cambiais geradas ap\u00f3s a data de transi\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"t14_36\" style=\"left:143px;bottom:300px;letter-spacing:-0.01px;word-spacing:0.21px;display:inline;\">a ser reconhecidas na Demonstra\u00e7\u00e3o Consolidada dos Resultados apenas na data da aliena\u00e7\u00e3o dos </div><div class=\"t s0_36\" id=\"t15_36\" style=\"left:143px;bottom:276px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\"><span>respetivos investimentos financeiros ou quando se verifica o reembolso do investimento efetuado.</span> </div><div class=\"t s1_36\" id=\"t16_36\" style=\"left:164px;bottom:238px;letter-spacing:-0.04px;display:inline;\"><span>j) </span></div><div class=\"t s1_36\" id=\"t17_36\" style=\"left:190px;bottom:238px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">Encargos financeiros com empr\u00e9stimos </div><div class=\"t s0_36\" id=\"t18_36\" style=\"left:143px;bottom:200px;letter-spacing:-0.02px;word-spacing:1.48px;display:inline;\">Os custos de empr\u00e9stimos obtidos que sejam diretamente atribu\u00edveis \u00e0 aquisi\u00e7\u00e3o, constru\u00e7\u00e3o ou </div><div class=\"t s0_36\" id=\"t19_36\" style=\"left:143px;bottom:177px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">produ\u00e7\u00e3o de um ativo que se qualifica como parte do custo desse ativo s\u00e3o objeto de capitaliza\u00e7\u00e3o. </div><div class=\"t s0_36\" id=\"t1a_36\" style=\"left:143px;bottom:154px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\">Os outros custos de empr\u00e9stimos obtidos s\u00e3o reconhecidos como um gasto no per\u00edodo em que sejam </div><div class=\"t s0_36\" id=\"t1b_36\" style=\"left:143px;bottom:130px;letter-spacing:-0.03px;word-spacing:1.78px;display:inline;\">incorridos de acordo com o princ\u00edpio da especializa\u00e7\u00e3o dos exerc\u00edcios e em conformidade com o </div><div class=\"t s0_36\" id=\"t1c_36\" style=\"left:143px;bottom:106px;letter-spacing:-0.01px;word-spacing:-0.1px;display:inline;\"><span>m\u00e9todo da taxa de juro efetiva.</span> </div><div></div><div class=\"t s1_37\" id=\"t3_37\" style=\"left:164px;bottom:1088px;letter-spacing:-0.05px;display:inline;\"><span>k) </span></div><div class=\"t s1_37\" id=\"t4_37\" style=\"left:190px;bottom:1088px;letter-spacing:-0.05px;word-spacing:0.12px;display:inline;\">Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa </div><div class=\"t s0_37\" id=\"t5_37\" style=\"left:143px;bottom:1050px;letter-spacing:-0.04px;word-spacing:0.63px;display:inline;\">A Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa \u00e9 preparada de acordo com a IAS 7, atrav\u00e9s do </div><div class=\"t s0_37\" id=\"t6_37\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:2.65px;display:inline;\">m\u00e9todo direto. O Grupo classifica na rubrica \u201cCaixa e equivalentes de caixa\u201d os investimentos </div><div class=\"t s0_37\" id=\"t7_37\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">venc\u00edveis a menos de tr\u00eas meses e para os quais o risco de altera\u00e7\u00e3o de valor \u00e9 insignificante. Para </div><div class=\"t s0_37\" id=\"t8_37\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.94px;display:inline;\">efeitos da Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, a rubrica de caixa e equivalentes de caixa </div><div class=\"t s0_37\" id=\"t9_37\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">compreende tamb\u00e9m os descobertos banc\u00e1rios inclu\u00eddos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_37\" id=\"ta_37\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Financeira na rubrica \u201cD\u00edvida de curto prazo\u201d. </div><div class=\"t s0_37\" id=\"tb_37\" style=\"left:143px;bottom:894px;letter-spacing:-0.02px;word-spacing:-0.59px;display:inline;\">Os fluxos de caixa s\u00e3o classificados na Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, dependendo </div><div class=\"t s0_37\" id=\"tc_37\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:0.76px;display:inline;\">da sua natureza, em (1) atividades operacionais; (2) atividades de investimento; e (3) atividades </div><div class=\"t s0_37\" id=\"td_37\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.98px;display:inline;\">de financiamento. As atividades operacionais englobam essencialmente os recebimentos de clientes, </div><div class=\"t s0_37\" id=\"te_37\" style=\"left:143px;bottom:824px;letter-spacing:-0.03px;word-spacing:3.74px;display:inline;\">e os pagamentos a fornecedores, ao pessoal, de benef\u00edcios de reforma, de imposto sobre o </div><div class=\"t s0_37\" id=\"tf_37\" style=\"left:143px;bottom:800px;letter-spacing:-0.03px;word-spacing:3.17px;display:inline;\">rendimento e de impostos indiretos l\u00edquidos. Os fluxos de caixa abrangidos nas atividades de </div><div class=\"t s0_37\" id=\"tg_37\" style=\"left:143px;bottom:776px;letter-spacing:-0.03px;word-spacing:5.31px;display:inline;\">investimento incluem, nomeadamente, aquisi\u00e7\u00f5es e aliena\u00e7\u00f5es de investimentos financeiros, </div><div class=\"t s0_37\" id=\"th_37\" style=\"left:143px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.65px;display:inline;\">dividendos recebidos de empresas associadas e recebimentos e pagamentos decorrentes da compra </div><div class=\"t s0_37\" id=\"ti_37\" style=\"left:143px;bottom:729px;letter-spacing:-0.02px;word-spacing:-0.27px;display:inline;\">e venda de ativos imobilizados. Os fluxos de caixa relacionados com as atividades de financiamento </div><div class=\"t s0_37\" id=\"tj_37\" style=\"left:143px;bottom:706px;letter-spacing:-0.03px;word-spacing:4.36px;display:inline;\">incluem, designadamente, os pagamentos e recebimentos referentes a empr\u00e9stimos obtidos, </div><div class=\"t s0_37\" id=\"tk_37\" style=\"left:143px;bottom:682px;letter-spacing:-0.02px;word-spacing:1.81px;display:inline;\">pagamentos relacionados com juros e despesas relacionadas, a aquisi\u00e7\u00e3o de a\u00e7\u00f5es pr\u00f3prias e o </div><div class=\"t s0_37\" id=\"tl_37\" style=\"left:143px;bottom:659px;letter-spacing:-0.03px;word-spacing:0.04px;display:inline;\"><span>pagamento de dividendos.</span> </div><div class=\"t s1_37\" id=\"tm_37\" style=\"left:164px;bottom:621px;letter-spacing:-0.03px;display:inline;\">l) </div><div class=\"t s1_37\" id=\"tn_37\" style=\"left:190px;bottom:621px;letter-spacing:-0.05px;word-spacing:0.11px;display:inline;\">Eventos subsequentes (Nota 22) </div><div class=\"t s0_37\" id=\"to_37\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:4.6px;display:inline;\">Os eventos ocorridos ap\u00f3s a data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira que </div><div class=\"t s0_37\" id=\"tp_37\" style=\"left:143px;bottom:559px;letter-spacing:-0.03px;word-spacing:0.55px;display:inline;\">proporcionem informa\u00e7\u00e3o adicional sobre condi\u00e7\u00f5es que existiam \u00e0 data da referida demonstra\u00e7\u00e3o </div><div class=\"t s0_37\" id=\"tq_37\" style=\"left:143px;bottom:536px;letter-spacing:-0.01px;word-spacing:1.11px;display:inline;\">s\u00e3o considerados na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras do per\u00edodo. Os eventos ocorridos </div><div class=\"t s0_37\" id=\"tr_37\" style=\"left:143px;bottom:512px;letter-spacing:-0.01px;word-spacing:-1.28px;display:inline;\">ap\u00f3s a data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira que proporcionem informa\u00e7\u00e3o sobre </div><div class=\"t s0_37\" id=\"ts_37\" style=\"left:143px;bottom:488px;letter-spacing:-0.02px;word-spacing:4.36px;display:inline;\">condi\u00e7\u00f5es que ocorram ap\u00f3s a data da referida demonstra\u00e7\u00e3o s\u00e3o divulgados nas notas \u00e0s </div><div class=\"t s0_37\" id=\"tt_37\" style=\"left:143px;bottom:465px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">demonstra\u00e7\u00f5es financeiras consolidadas, se materiais. </div><div class=\"t s2_37\" id=\"tu_37\" style=\"left:195px;bottom:427px;letter-spacing:-0.06px;word-spacing:0.13px;display:inline;\"><span>Julgamentos e estimativas </span></div><div class=\"t s0_37\" id=\"tv_37\" style=\"left:143px;bottom:389px;letter-spacing:-0.02px;word-spacing:0.29px;display:inline;\">Na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras consolidadas de acordo com os IFRS, o Conselho de </div><div class=\"t s0_37\" id=\"tw_37\" style=\"left:143px;bottom:365px;letter-spacing:-0.01px;word-spacing:2.47px;display:inline;\">Administra\u00e7\u00e3o da PHAROL SGPS utiliza estimativas e pressupostos que afetam a aplica\u00e7\u00e3o das </div><div class=\"t s0_37\" id=\"tx_37\" style=\"left:143px;bottom:342px;letter-spacing:-0.01px;word-spacing:-1.04px;display:inline;\">pol\u00edticas contabil\u00edsticas e os montantes reportados. As estimativas e julgamentos s\u00e3o continuamente </div><div class=\"t s0_37\" id=\"ty_37\" style=\"left:143px;bottom:318px;letter-spacing:-0.03px;word-spacing:-1.06px;display:inline;\">avaliados e baseiam-se na experi\u00eancia de eventos passados e noutros fatores, incluindo expectativas </div><div class=\"t s0_37\" id=\"tz_37\" style=\"left:143px;bottom:295px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">relativas a eventos futuros considerados prov\u00e1veis face \u00e0s circunst\u00e2ncias em que as estimativas s\u00e3o </div><div class=\"t s0_37\" id=\"t10_37\" style=\"left:143px;bottom:271px;letter-spacing:-0.02px;word-spacing:0.63px;display:inline;\">baseadas ou resultado de uma informa\u00e7\u00e3o ou experi\u00eancia adquirida. As estimativas contabil\u00edsticas </div><div class=\"t s0_37\" id=\"t11_37\" style=\"left:143px;bottom:248px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">mais significativas refletidas nas demonstra\u00e7\u00f5es financeiras consolidadas s\u00e3o como segue: </div><div class=\"t s2_37\" id=\"t12_37\" style=\"left:169px;bottom:210px;letter-spacing:-0.01px;display:inline;\">(a) </div><div class=\"t s2_37\" id=\"t13_37\" style=\"left:195px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.31px;display:inline;\">Valoriza\u00e7\u00e3o do investimento na Oi </div><div class=\"t s0_37\" id=\"t14_37\" style=\"left:445px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.36px;display:inline;\">\u2013 Em 5 de maio de 2014, a Empresa valorizou a nova </div><div class=\"t s0_37\" id=\"t15_37\" style=\"left:195px;bottom:186px;letter-spacing:-0.01px;word-spacing:-0.95px;display:inline;\">participa\u00e7\u00e3o na Oi, adquirida na sequ\u00eancia da combina\u00e7\u00e3o de neg\u00f3cios efetuada nessa altura </div><div class=\"t s0_37\" id=\"t16_37\" style=\"left:195px;bottom:163px;word-spacing:0.94px;display:inline;\">com a Oi, tendo por base o pre\u00e7o das a\u00e7\u00f5es da Oi no aumento de capital realizado nesta </div><div class=\"t s0_37\" id=\"t17_37\" style=\"left:195px;bottom:139px;letter-spacing:-0.02px;word-spacing:1.8px;display:inline;\">data, tendo-se, a partir desta data, apropriado da sua quota-parte nos resultados da Oi </div><div class=\"t s0_37\" id=\"t18_37\" style=\"left:195px;bottom:116px;letter-spacing:-0.01px;word-spacing:0.43px;display:inline;\">atrav\u00e9s da aplica\u00e7\u00e3o do m\u00e9todo da equival\u00eancia patrimonial. Adicionalmente, a partir de 8 </div><div></div><div class=\"t s0_38\" id=\"t3_38\" style=\"left:195px;bottom:1088px;letter-spacing:-0.01px;word-spacing:-0.32px;display:inline;\">de setembro de 2014, a parcela do investimento na Oi a entregar no \u00e2mbito do Contrato de </div><div class=\"t s0_38\" id=\"t4_38\" style=\"left:195px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">Permuta foi classificada como ativo n\u00e3o corrente detido para venda e mensurado ao justo </div><div class=\"t s0_38\" id=\"t5_38\" style=\"left:195px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-1.11px;display:inline;\">valor a partir dessa data, at\u00e9 \u00e0 execu\u00e7\u00e3o da permuta em 30 de mar\u00e7o de 2015. At\u00e9 dezembro </div><div class=\"t s0_38\" id=\"t6_38\" style=\"left:195px;bottom:1017px;letter-spacing:-0.02px;word-spacing:1.48px;display:inline;\">de 2017 este investimento estava valorizado pelo m\u00e9todo de equival\u00eancia patrimonial. A </div><div class=\"t s0_38\" id=\"t7_38\" style=\"left:195px;bottom:994px;letter-spacing:-0.03px;word-spacing:4.56px;display:inline;\">partir dessa data e nomeadamente em 31 de dezembro de 2024, a valoriza\u00e7\u00e3o do </div><div class=\"t s0_38\" id=\"t8_38\" style=\"left:195px;bottom:970px;letter-spacing:-0.02px;word-spacing:1.13px;display:inline;\">investimento detido na Oi baseou-se no seu valor de mercado, nomeadamente a cota\u00e7\u00e3o </div><div class=\"t s0_38\" id=\"t9_38\" style=\"left:195px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.25px;display:inline;\">bolsista, dado que a PHAROL perdeu a influ\u00eancia significativa que detinha. Em dezembro de </div><div class=\"t s0_38\" id=\"ta_38\" style=\"left:195px;bottom:923px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">2025, a PHAROL j\u00e1 n\u00e3o detinha qualquer participa\u00e7\u00e3o na Oi. </div><div class=\"t s1_38\" id=\"tb_38\" style=\"left:169px;bottom:899px;letter-spacing:-0.07px;display:inline;\">(b) </div><div class=\"t s1_38\" id=\"tc_38\" style=\"left:195px;bottom:899px;letter-spacing:-0.04px;word-spacing:2.97px;display:inline;\">Valoriza\u00e7\u00e3o do instrumento Rio Forte </div><div class=\"t s0_38\" id=\"td_38\" style=\"left:485px;bottom:899px;letter-spacing:-0.07px;word-spacing:3.15px;display:inline;\">\u2013 A 30 de mar\u00e7o de 2015 foram obtidos os </div><div class=\"t s0_38\" id=\"te_38\" style=\"left:195px;bottom:876px;letter-spacing:-0.03px;word-spacing:0.62px;display:inline;\">instrumentos Rio Forte na sequ\u00eancia da execu\u00e7\u00e3o da permuta relativa \u00e0s a\u00e7\u00f5es Oi. A essa </div><div class=\"t s0_38\" id=\"tf_38\" style=\"left:195px;bottom:852px;letter-spacing:-0.02px;word-spacing:1.26px;display:inline;\">data, ap\u00f3s consulta com o mercado, a Empresa valorizou o instrumento por 15% do seu </div><div class=\"t s0_38\" id=\"tg_38\" style=\"left:195px;bottom:829px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">valor nocional. Esta valoriza\u00e7\u00e3o foi revista a 30 de setembro de 2016, com uma redu\u00e7\u00e3o no </div><div class=\"t s0_38\" id=\"th_38\" style=\"left:195px;bottom:805px;letter-spacing:-0.02px;word-spacing:2.14px;display:inline;\">valor nocional para 9,56% e a 31 de dezembro de 2017 e 2019, para 8,32% e 7,02% </div><div class=\"t s0_38\" id=\"ti_38\" style=\"left:195px;bottom:782px;letter-spacing:-0.03px;word-spacing:3.99px;display:inline;\">respetivamente. A 31 de dezembro de 2020, existiu uma nova revis\u00e3o em baixa de </div><div class=\"t s0_38\" id=\"tj_38\" style=\"left:195px;bottom:758px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">recupera\u00e7\u00e3o do valor nominal para 5,79%, o que equivale a uma redu\u00e7\u00e3o de 11,1 milh\u00f5es </div><div class=\"t s0_38\" id=\"tk_38\" style=\"left:195px;bottom:734px;letter-spacing:-0.02px;word-spacing:-0.25px;display:inline;\">de Euros para o montante de 51,9 milh\u00f5es de Euros. A 31 de dezembro de 2025, este valor </div><div class=\"t s0_38\" id=\"tl_38\" style=\"left:195px;bottom:711px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">manteve-se (Nota 13). </div><div class=\"t s1_38\" id=\"tm_38\" style=\"left:169px;bottom:687px;letter-spacing:-0.01px;display:inline;\">(c) </div><div class=\"t s1_38\" id=\"tn_38\" style=\"left:195px;bottom:687px;letter-spacing:-0.06px;word-spacing:2.49px;display:inline;\">Valoriza\u00e7\u00e3o e vida \u00fatil de ativos intang\u00edveis e tang\u00edveis </div><div class=\"t s0_38\" id=\"to_38\" style=\"left:620px;bottom:687px;letter-spacing:-0.05px;word-spacing:2.4px;display:inline;\">\u2013 A PHAROL SGPS utiliza </div><div class=\"t s0_38\" id=\"tp_38\" style=\"left:195px;bottom:664px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">estimativas para determinar a vida \u00fatil dos seus ativos tang\u00edveis (Nota 3). </div><div class=\"t s1_38\" id=\"tq_38\" style=\"left:169px;bottom:640px;letter-spacing:-0.07px;display:inline;\">(d) </div><div class=\"t s1_38\" id=\"tr_38\" style=\"left:195px;bottom:640px;letter-spacing:-0.05px;word-spacing:0.49px;display:inline;\">Reconhecimento de provis\u00f5es e ajustamentos </div><div class=\"t s0_38\" id=\"ts_38\" style=\"left:535px;bottom:640px;letter-spacing:-0.04px;word-spacing:0.41px;display:inline;\">\u2013 A PHAROL SGPS \u00e9 parte em diversos </div><div class=\"t s0_38\" id=\"tt_38\" style=\"left:195px;bottom:617px;letter-spacing:-0.01px;word-spacing:2.63px;display:inline;\">processos judiciais em curso para os quais, com base na opini\u00e3o dos seus advogados, </div><div class=\"t s0_38\" id=\"tu_38\" style=\"left:195px;bottom:593px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">efetuou um julgamento para determinar o reconhecimento de eventual provis\u00e3o para fazer </div><div class=\"t s0_38\" id=\"tv_38\" style=\"left:195px;bottom:569px;letter-spacing:-0.02px;word-spacing:5.4px;display:inline;\">face a essas conting\u00eancias. Os ajustamentos para contas a receber s\u00e3o calculados </div><div class=\"t s0_38\" id=\"tw_38\" style=\"left:195px;bottom:546px;letter-spacing:-0.01px;word-spacing:-0.26px;display:inline;\">essencialmente com base na antiguidade das contas a receber, o perfil de risco dos clientes </div><div class=\"t s0_38\" id=\"tx_38\" style=\"left:195px;bottom:522px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">e a situa\u00e7\u00e3o financeira dos mesmos. </div><div class=\"t s0_38\" id=\"ty_38\" style=\"left:143px;bottom:485px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">As estimativas foram determinadas com base na melhor informa\u00e7\u00e3o dispon\u00edvel \u00e0 data da prepara\u00e7\u00e3o </div><div class=\"t s0_38\" id=\"tz_38\" style=\"left:143px;bottom:461px;letter-spacing:-0.02px;word-spacing:1.45px;display:inline;\">das demonstra\u00e7\u00f5es financeiras consolidadas. No entanto, poder\u00e3o ocorrer situa\u00e7\u00f5es em per\u00edodos </div><div class=\"t s0_38\" id=\"t10_38\" style=\"left:143px;bottom:437px;letter-spacing:-0.01px;word-spacing:3.29px;display:inline;\">subsequentes que, n\u00e3o sendo previs\u00edveis \u00e0 data, n\u00e3o foram consideradas nessas estimativas. </div><div class=\"t s0_38\" id=\"t11_38\" style=\"left:143px;bottom:414px;letter-spacing:-0.04px;word-spacing:-0.54px;display:inline;\">Conforme disposto na IAS 8, altera\u00e7\u00f5es a estas estimativas, que ocorram posteriormente \u00e0 data das </div><span>demonstra\u00e7\u00f5es financeiras consolidadas, s\u00e3o corrigidas em resultados de forma prospetiva.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00243": {
   "value": "Estimativas contabil\u00edsticas e julgamentos Vidas \u00fateis, valores residuais dos ativos e taxas de desconto O apuramento dos valores residuais dos ativos, estimativa das vidas \u00fateis e taxas de desconto t\u00eam por base premissas dos contratos de loca\u00e7\u00e3o (ou ativos similares) e s\u00e3o definidos baseados no julgamento da Gest\u00e3o, assim como as melhores pr\u00e1ticas em uso pelo setor.Julgamentos e estimativas Na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras consolidadas de acordo com os IFRS, o Conselho de Administra\u00e7\u00e3o da PHAROL SGPS utiliza estimativas e pressupostos que afetam a aplica\u00e7\u00e3o das pol\u00edticas contabil\u00edsticas e os montantes reportados. As estimativas e julgamentos s\u00e3o continuamente avaliados e baseiam-se na experi\u00eancia de eventos passados e noutros fatores, incluindo expectativas relativas a eventos futuros considerados prov\u00e1veis face \u00e0s circunst\u00e2ncias em que as estimativas s\u00e3o baseadas ou resultado de uma informa\u00e7\u00e3o ou experi\u00eancia adquirida. As estimativas contabil\u00edsticas mais significativas refletidas nas demonstra\u00e7\u00f5es financeiras consolidadas s\u00e3o como segue: (a) Valoriza\u00e7\u00e3o do investimento na Oi \u2013 Em 5 de maio de 2014, a Empresa valorizou a nova participa\u00e7\u00e3o na Oi, adquirida na sequ\u00eancia da combina\u00e7\u00e3o de neg\u00f3cios efetuada nessa altura com a Oi, tendo por base o pre\u00e7o das a\u00e7\u00f5es da Oi no aumento de capital realizado nesta data, tendo-se, a partir desta data, apropriado da sua quota-parte nos resultados da Oi atrav\u00e9s da aplica\u00e7\u00e3o do m\u00e9todo da equival\u00eancia patrimonial. Adicionalmente, a partir de 8 de setembro de 2014, a parcela do investimento na Oi a entregar no \u00e2mbito do Contrato de Permuta foi classificada como ativo n\u00e3o corrente detido para venda e mensurado ao justo valor a partir dessa data, at\u00e9 \u00e0 execu\u00e7\u00e3o da permuta em 30 de mar\u00e7o de 2015. At\u00e9 dezembro de 2017 este investimento estava valorizado pelo m\u00e9todo de equival\u00eancia patrimonial. A partir dessa data e nomeadamente em 31 de dezembro de 2024, a valoriza\u00e7\u00e3o do investimento detido na Oi baseou-se no seu valor de mercado, nomeadamente a cota\u00e7\u00e3o bolsista, dado que a PHAROL perdeu a influ\u00eancia significativa que detinha. Em dezembro de 2025, a PHAROL j\u00e1 n\u00e3o detinha qualquer participa\u00e7\u00e3o na Oi. (b) Valoriza\u00e7\u00e3o do instrumento Rio Forte \u2013 A 30 de mar\u00e7o de 2015 foram obtidos os instrumentos Rio Forte na sequ\u00eancia da execu\u00e7\u00e3o da permuta relativa \u00e0s a\u00e7\u00f5es Oi. A essa data, ap\u00f3s consulta com o mercado, a Empresa valorizou o instrumento por 15% do seu valor nocional. Esta valoriza\u00e7\u00e3o foi revista a 30 de setembro de 2016, com uma redu\u00e7\u00e3o no valor nocional para 9,56% e a 31 de dezembro de 2017 e 2019, para 8,32% e 7,02% respetivamente. A 31 de dezembro de 2020, existiu uma nova revis\u00e3o em baixa de recupera\u00e7\u00e3o do valor nominal para 5,79%, o que equivale a uma redu\u00e7\u00e3o de 11,1 milh\u00f5es de Euros para o montante de 51,9 milh\u00f5es de Euros. A 31 de dezembro de 2025, este valor manteve-se (Nota 13). (c) Valoriza\u00e7\u00e3o e vida \u00fatil de ativos intang\u00edveis e tang\u00edveis \u2013 A PHAROL SGPS utiliza estimativas para determinar a vida \u00fatil dos seus ativos tang\u00edveis (Nota 3). (d) Reconhecimento de provis\u00f5es e ajustamentos \u2013 A PHAROL SGPS \u00e9 parte em diversos processos judiciais em curso para os quais, com base na opini\u00e3o dos seus advogados, efetuou um julgamento para determinar o reconhecimento de eventual provis\u00e3o para fazer face a essas conting\u00eancias. Os ajustamentos para contas a receber s\u00e3o calculados essencialmente com base na antiguidade das contas a receber, o perfil de risco dos clientes e a situa\u00e7\u00e3o financeira dos mesmos. As estimativas foram determinadas com base na melhor informa\u00e7\u00e3o dispon\u00edvel \u00e0 data da prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras consolidadas. No entanto, poder\u00e3o ocorrer situa\u00e7\u00f5es em per\u00edodos subsequentes que, n\u00e3o sendo previs\u00edveis \u00e0 data, n\u00e3o foram consideradas nessas estimativas. Conforme disposto na IAS 8, altera\u00e7\u00f5es a estas estimativas, que ocorram posteriormente \u00e0 data das demonstra\u00e7\u00f5es financeiras consolidadas, s\u00e3o corrigidas em resultados de forma prospetiva.",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00262": {
   "value": "<span>h) </span><div class=\"t s2_35\" id=\"ti_35\" style=\"left:190px;bottom:643px;letter-spacing:-0.06px;word-spacing:0.08px;display:inline;\">Imposto sobre o rendimento </div><div class=\"t s0_35\" id=\"tj_35\" style=\"left:143px;bottom:605px;letter-spacing:-0.03px;word-spacing:0.3px;display:inline;\">O imposto sobre o rendimento do per\u00edodo \u00e9 reconhecido de acordo com o preconizado pela IAS 12 </div><div class=\"t s0_35\" id=\"tk_35\" style=\"left:143px;bottom:582px;letter-spacing:-0.03px;word-spacing:-0.24px;display:inline;\">Impostos sobre o Rendimento (\u201cIAS 12\u201d), sendo composto por imposto corrente e imposto diferido. </div><div class=\"t s0_35\" id=\"tl_35\" style=\"left:143px;bottom:544px;word-spacing:-0.13px;display:inline;\">Na mensura\u00e7\u00e3o do custo relativo ao imposto sobre o rendimento do per\u00edodo, para al\u00e9m do imposto </div><div class=\"t s0_35\" id=\"tm_35\" style=\"left:143px;bottom:520px;letter-spacing:-0.01px;word-spacing:0.06px;display:inline;\">corrente \u00e9 ainda considerado o efeito do imposto diferido, calculado com base na diferen\u00e7a entre o </div><div class=\"t s0_35\" id=\"tn_35\" style=\"left:143px;bottom:497px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">valor contabil\u00edstico dos ativos e passivos em determinado momento e o correspondente valor para </div><div class=\"t s0_35\" id=\"to_35\" style=\"left:143px;bottom:473px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">efeitos fiscais. </div><div class=\"t s0_35\" id=\"tp_35\" style=\"left:143px;bottom:435px;letter-spacing:-0.04px;word-spacing:5.78px;display:inline;\">Os passivos por impostos diferidos s\u00e3o geralmente reconhecidos para todas as diferen\u00e7as </div><div class=\"t s0_35\" id=\"tq_35\" style=\"left:143px;bottom:411px;letter-spacing:-0.03px;word-spacing:0.38px;display:inline;\">tempor\u00e1rias tribut\u00e1veis, e os ativos por impostos diferidos apenas s\u00e3o reconhecidos quando exista </div><div class=\"t s0_35\" id=\"tr_35\" style=\"left:143px;bottom:388px;letter-spacing:-0.02px;word-spacing:1.68px;display:inline;\">razo\u00e1vel seguran\u00e7a de que estes poder\u00e3o vir a ser utilizados na redu\u00e7\u00e3o do resultado tribut\u00e1vel </div><div class=\"t s0_35\" id=\"ts_35\" style=\"left:143px;bottom:364px;letter-spacing:-0.03px;word-spacing:1.8px;display:inline;\">futuro, ou quando existam impostos diferidos passivos cuja revers\u00e3o seja expect\u00e1vel ocorrer no </div><div class=\"t s0_35\" id=\"tt_35\" style=\"left:143px;bottom:341px;letter-spacing:-0.02px;word-spacing:1.12px;display:inline;\">mesmo per\u00edodo em que os impostos diferidos ativos sejam revertidos. Na data da Demonstra\u00e7\u00e3o </div><div class=\"t s0_35\" id=\"tu_35\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:1.27px;display:inline;\">Consolidada da Posi\u00e7\u00e3o Financeira, \u00e9 efetuada uma revis\u00e3o desses ativos por impostos diferidos, </div><div class=\"t s0_35\" id=\"tv_35\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.05px;display:inline;\">sendo os mesmos reduzidos sempre que deixe de ser prov\u00e1vel a sua utiliza\u00e7\u00e3o futura. </div><div class=\"t s0_35\" id=\"tw_35\" style=\"left:143px;bottom:256px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">O montante de imposto a incluir quer no imposto corrente, quer no imposto diferido, que resulte de </div><div class=\"t s0_35\" id=\"tx_35\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:-0.21px;display:inline;\">transa\u00e7\u00f5es ou eventos reconhecidos diretamente no capital pr\u00f3prio, \u00e9 registado diretamente nestas </div><div class=\"t s0_35\" id=\"ty_35\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.13px;display:inline;\">mesmas rubricas. Deste modo, o impacto de altera\u00e7\u00f5es na taxa de imposto tamb\u00e9m \u00e9 reconhecido </div><div class=\"t s0_35\" id=\"tz_35\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:0.64px;display:inline;\">no resultado l\u00edquido, exceto quando se refere a itens reconhecidos diretamente no capital pr\u00f3prio, </div><span>caso em que esse impacto tamb\u00e9m \u00e9 reconhecido diretamente no capital pr\u00f3prio.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00261": {
   "value": "<span>h) </span><div class=\"t s2_35\" id=\"ti_35\" style=\"left:190px;bottom:643px;letter-spacing:-0.06px;word-spacing:0.08px;display:inline;\">Imposto sobre o rendimento </div><div class=\"t s0_35\" id=\"tj_35\" style=\"left:143px;bottom:605px;letter-spacing:-0.03px;word-spacing:0.3px;display:inline;\">O imposto sobre o rendimento do per\u00edodo \u00e9 reconhecido de acordo com o preconizado pela IAS 12 </div><div class=\"t s0_35\" id=\"tk_35\" style=\"left:143px;bottom:582px;letter-spacing:-0.03px;word-spacing:-0.24px;display:inline;\">Impostos sobre o Rendimento (\u201cIAS 12\u201d), sendo composto por imposto corrente e imposto diferido. </div><div class=\"t s0_35\" id=\"tl_35\" style=\"left:143px;bottom:544px;word-spacing:-0.13px;display:inline;\">Na mensura\u00e7\u00e3o do custo relativo ao imposto sobre o rendimento do per\u00edodo, para al\u00e9m do imposto </div><div class=\"t s0_35\" id=\"tm_35\" style=\"left:143px;bottom:520px;letter-spacing:-0.01px;word-spacing:0.06px;display:inline;\">corrente \u00e9 ainda considerado o efeito do imposto diferido, calculado com base na diferen\u00e7a entre o </div><div class=\"t s0_35\" id=\"tn_35\" style=\"left:143px;bottom:497px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">valor contabil\u00edstico dos ativos e passivos em determinado momento e o correspondente valor para </div><div class=\"t s0_35\" id=\"to_35\" style=\"left:143px;bottom:473px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">efeitos fiscais. </div><div class=\"t s0_35\" id=\"tp_35\" style=\"left:143px;bottom:435px;letter-spacing:-0.04px;word-spacing:5.78px;display:inline;\">Os passivos por impostos diferidos s\u00e3o geralmente reconhecidos para todas as diferen\u00e7as </div><div class=\"t s0_35\" id=\"tq_35\" style=\"left:143px;bottom:411px;letter-spacing:-0.03px;word-spacing:0.38px;display:inline;\">tempor\u00e1rias tribut\u00e1veis, e os ativos por impostos diferidos apenas s\u00e3o reconhecidos quando exista </div><div class=\"t s0_35\" id=\"tr_35\" style=\"left:143px;bottom:388px;letter-spacing:-0.02px;word-spacing:1.68px;display:inline;\">razo\u00e1vel seguran\u00e7a de que estes poder\u00e3o vir a ser utilizados na redu\u00e7\u00e3o do resultado tribut\u00e1vel </div><div class=\"t s0_35\" id=\"ts_35\" style=\"left:143px;bottom:364px;letter-spacing:-0.03px;word-spacing:1.8px;display:inline;\">futuro, ou quando existam impostos diferidos passivos cuja revers\u00e3o seja expect\u00e1vel ocorrer no </div><div class=\"t s0_35\" id=\"tt_35\" style=\"left:143px;bottom:341px;letter-spacing:-0.02px;word-spacing:1.12px;display:inline;\">mesmo per\u00edodo em que os impostos diferidos ativos sejam revertidos. Na data da Demonstra\u00e7\u00e3o </div><div class=\"t s0_35\" id=\"tu_35\" style=\"left:143px;bottom:317px;letter-spacing:-0.01px;word-spacing:1.27px;display:inline;\">Consolidada da Posi\u00e7\u00e3o Financeira, \u00e9 efetuada uma revis\u00e3o desses ativos por impostos diferidos, </div><div class=\"t s0_35\" id=\"tv_35\" style=\"left:143px;bottom:294px;letter-spacing:-0.02px;word-spacing:-0.05px;display:inline;\">sendo os mesmos reduzidos sempre que deixe de ser prov\u00e1vel a sua utiliza\u00e7\u00e3o futura. </div><div class=\"t s0_35\" id=\"tw_35\" style=\"left:143px;bottom:256px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">O montante de imposto a incluir quer no imposto corrente, quer no imposto diferido, que resulte de </div><div class=\"t s0_35\" id=\"tx_35\" style=\"left:143px;bottom:232px;letter-spacing:-0.03px;word-spacing:-0.21px;display:inline;\">transa\u00e7\u00f5es ou eventos reconhecidos diretamente no capital pr\u00f3prio, \u00e9 registado diretamente nestas </div><div class=\"t s0_35\" id=\"ty_35\" style=\"left:143px;bottom:209px;letter-spacing:-0.03px;word-spacing:0.13px;display:inline;\">mesmas rubricas. Deste modo, o impacto de altera\u00e7\u00f5es na taxa de imposto tamb\u00e9m \u00e9 reconhecido </div><div class=\"t s0_35\" id=\"tz_35\" style=\"left:143px;bottom:185px;letter-spacing:-0.03px;word-spacing:0.64px;display:inline;\">no resultado l\u00edquido, exceto quando se refere a itens reconhecidos diretamente no capital pr\u00f3prio, </div><span>caso em que esse impacto tamb\u00e9m \u00e9 reconhecido diretamente no capital pr\u00f3prio.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00263": {
   "value": "<span>i) </span><div class=\"t s1_36\" id=\"t4_36\" style=\"left:190px;bottom:1088px;letter-spacing:-0.05px;word-spacing:0.02px;display:inline;\">Saldos e transa\u00e7\u00f5es em moeda estrangeira </div><div class=\"t s0_36\" id=\"t5_36\" style=\"left:143px;bottom:1050px;letter-spacing:-0.01px;word-spacing:2.11px;display:inline;\">As transa\u00e7\u00f5es em moeda estrangeira s\u00e3o convertidas para Euros \u00e0 taxa de c\u00e2mbio da data da </div><div class=\"t s0_36\" id=\"t6_36\" style=\"left:143px;bottom:1026px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">transa\u00e7\u00e3o. Na data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, \u00e9 efetuada a atualiza\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"t7_36\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.12px;display:inline;\">cambial de ativos e passivos, aplicando a taxa de fecho. As diferen\u00e7as cambiais da\u00ed resultantes s\u00e3o </div><div class=\"t s0_36\" id=\"t8_36\" style=\"left:143px;bottom:979px;letter-spacing:-0.03px;word-spacing:-0.81px;display:inline;\">reconhecidas na Demonstra\u00e7\u00e3o Consolidada dos Resultados do per\u00edodo em que foram determinadas. </div><div class=\"t s0_36\" id=\"t9_36\" style=\"left:143px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">As varia\u00e7\u00f5es cambiais geradas em itens n\u00e3o monet\u00e1rios, incluindo o </div><div class=\"t s2_36\" id=\"ta_36\" style=\"left:586px;bottom:956px;letter-spacing:-0.02px;display:inline;\">goodwill</div><div class=\"t s0_36\" id=\"tb_36\" style=\"left:639px;bottom:956px;letter-spacing:-0.02px;word-spacing:-0.72px;display:inline;\">, e em itens monet\u00e1rios </div><div class=\"t s0_36\" id=\"tc_36\" style=\"left:143px;bottom:932px;letter-spacing:-0.01px;word-spacing:-0.6px;display:inline;\">que constituam extens\u00e3o do investimento e cujo reembolso n\u00e3o seja previs\u00edvel num futuro pr\u00f3ximo, </div><div class=\"t s0_36\" id=\"td_36\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:0.63px;display:inline;\">s\u00e3o reconhecidas diretamente no capital pr\u00f3prio na rubrica \u201cAjustamentos de convers\u00e3o cambial\u201d, </div><div class=\"t s0_36\" id=\"te_36\" style=\"left:143px;bottom:885px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">sendo apresentadas na Demonstra\u00e7\u00e3o Consolidada do Rendimento Integral. </div><div class=\"t s0_36\" id=\"tf_36\" style=\"left:143px;bottom:847px;letter-spacing:-0.03px;word-spacing:0.81px;display:inline;\">A convers\u00e3o para Euros de demonstra\u00e7\u00f5es financeiras de empresas participadas denominadas em </div><div class=\"t s0_36\" id=\"tg_36\" style=\"left:143px;bottom:824px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">moeda estrangeira \u00e9 efetuada considerando as seguintes taxas de c\u00e2mbio: </div><div class=\"t s3_36\" id=\"th_36\" style=\"left:169px;bottom:786px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"ti_36\" style=\"left:195px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.04px;display:inline;\">Taxa de c\u00e2mbio vigente \u00e0 data da Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o Financeira, para a </div><div class=\"t s0_36\" id=\"tj_36\" style=\"left:195px;bottom:762px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">convers\u00e3o dos ativos e passivos; </div><div class=\"t s3_36\" id=\"tk_36\" style=\"left:169px;bottom:739px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"tl_36\" style=\"left:195px;bottom:739px;letter-spacing:-0.02px;word-spacing:4.23px;display:inline;\">Taxa de c\u00e2mbio m\u00e9dia do per\u00edodo, para a convers\u00e3o das rubricas da Demonstra\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"tm_36\" style=\"left:195px;bottom:715px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">Consolidada dos Resultados; </div><div class=\"t s3_36\" id=\"tn_36\" style=\"left:169px;bottom:692px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"to_36\" style=\"left:195px;bottom:691px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Taxa de c\u00e2mbio m\u00e9dia do per\u00edodo, para a convers\u00e3o dos fluxos de caixa (nos casos em que </div><div class=\"t s0_36\" id=\"tp_36\" style=\"left:195px;bottom:668px;word-spacing:-0.15px;display:inline;\">essa taxa de c\u00e2mbio se aproxime da taxa real, sendo que para os restantes fluxos de caixa </div><div class=\"t s0_36\" id=\"tq_36\" style=\"left:195px;bottom:644px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">\u00e9 utilizada a taxa de c\u00e2mbio da data das opera\u00e7\u00f5es); e </div><div class=\"t s3_36\" id=\"tr_36\" style=\"left:169px;bottom:621px;display:inline;\">\ue001 </div><div class=\"t s0_36\" id=\"ts_36\" style=\"left:195px;bottom:621px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">Taxa de c\u00e2mbio hist\u00f3rica, para a convers\u00e3o das rubricas do capital pr\u00f3prio. </div><div class=\"t s0_36\" id=\"tt_36\" style=\"left:143px;bottom:574px;letter-spacing:-0.04px;word-spacing:3.53px;display:inline;\">As diferen\u00e7as de c\u00e2mbio originadas na convers\u00e3o s\u00e3o inclu\u00eddas no capital pr\u00f3prio, na rubrica </div><div class=\"t s0_36\" id=\"tu_36\" style=\"left:143px;bottom:550px;letter-spacing:-0.03px;word-spacing:4.25px;display:inline;\">\"Ajustamentos de convers\u00e3o cambial\", e s\u00e3o apresentadas na Demonstra\u00e7\u00e3o Consolidada do </div><div class=\"t s0_36\" id=\"tv_36\" style=\"left:143px;bottom:526px;letter-spacing:-0.03px;word-spacing:1.67px;display:inline;\">Rendimento Integral. De acordo com o IAS 21, quando ocorre uma redu\u00e7\u00e3o do investimento da </div><div class=\"t s0_36\" id=\"tw_36\" style=\"left:143px;bottom:503px;letter-spacing:-0.03px;word-spacing:2.64px;display:inline;\">PHAROL SGPS numa entidade estrangeira, atrav\u00e9s da venda ou reembolso de capital, o efeito </div><div class=\"t s0_36\" id=\"tx_36\" style=\"left:143px;bottom:479px;letter-spacing:-0.04px;word-spacing:-0.2px;display:inline;\">acumulado dos ajustamentos de convers\u00e3o cambial \u00e9 transferido para a Demonstra\u00e7\u00e3o Consolidada </div><div class=\"t s0_36\" id=\"ty_36\" style=\"left:143px;bottom:456px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">de Resultados, de forma proporcional \u00e0 redu\u00e7\u00e3o ocorrida no investimento. </div><div class=\"t s0_36\" id=\"tz_36\" style=\"left:143px;bottom:418px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">A PHAROL SGPS optou por utilizar a exce\u00e7\u00e3o prevista no IFRS 1, transferindo o montante relativo a </div><div class=\"t s0_36\" id=\"t10_36\" style=\"left:143px;bottom:394px;letter-spacing:-0.03px;word-spacing:0.32px;display:inline;\">varia\u00e7\u00f5es cambiais acumuladas at\u00e9 \u00e0 data da transi\u00e7\u00e3o, contabilizado na rubrica de \u201cAjustamentos </div><div class=\"t s0_36\" id=\"t11_36\" style=\"left:143px;bottom:371px;letter-spacing:-0.02px;word-spacing:-0.55px;display:inline;\">de convers\u00e3o cambial\u201d em 1 de janeiro de 2004, para a rubrica de \u201cResultados transitados\u201d. A partir </div><div class=\"t s0_36\" id=\"t12_36\" style=\"left:143px;bottom:347px;letter-spacing:-0.01px;word-spacing:0.79px;display:inline;\">de 1 de janeiro de 2004, o Grupo come\u00e7ou a registar diretamente no capital pr\u00f3prio as varia\u00e7\u00f5es </div><div class=\"t s0_36\" id=\"t13_36\" style=\"left:143px;bottom:324px;letter-spacing:-0.01px;word-spacing:0.38px;display:inline;\">cambiais permitidas pelos IFRS, passando as varia\u00e7\u00f5es cambiais geradas ap\u00f3s a data de transi\u00e7\u00e3o </div><div class=\"t s0_36\" id=\"t14_36\" style=\"left:143px;bottom:300px;letter-spacing:-0.01px;word-spacing:0.21px;display:inline;\">a ser reconhecidas na Demonstra\u00e7\u00e3o Consolidada dos Resultados apenas na data da aliena\u00e7\u00e3o dos </div><span>respetivos investimentos financeiros ou quando se verifica o reembolso do investimento efetuado.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00265": {
   "value": "<span>j) </span><div class=\"t s1_36\" id=\"t17_36\" style=\"left:190px;bottom:238px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">Encargos financeiros com empr\u00e9stimos </div><div class=\"t s0_36\" id=\"t18_36\" style=\"left:143px;bottom:200px;letter-spacing:-0.02px;word-spacing:1.48px;display:inline;\">Os custos de empr\u00e9stimos obtidos que sejam diretamente atribu\u00edveis \u00e0 aquisi\u00e7\u00e3o, constru\u00e7\u00e3o ou </div><div class=\"t s0_36\" id=\"t19_36\" style=\"left:143px;bottom:177px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">produ\u00e7\u00e3o de um ativo que se qualifica como parte do custo desse ativo s\u00e3o objeto de capitaliza\u00e7\u00e3o. </div><div class=\"t s0_36\" id=\"t1a_36\" style=\"left:143px;bottom:154px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\">Os outros custos de empr\u00e9stimos obtidos s\u00e3o reconhecidos como um gasto no per\u00edodo em que sejam </div><div class=\"t s0_36\" id=\"t1b_36\" style=\"left:143px;bottom:130px;letter-spacing:-0.03px;word-spacing:1.78px;display:inline;\">incorridos de acordo com o princ\u00edpio da especializa\u00e7\u00e3o dos exerc\u00edcios e em conformidade com o </div><span>m\u00e9todo da taxa de juro efetiva.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00264": {
   "value": "<span>j) </span><div class=\"t s1_36\" id=\"t17_36\" style=\"left:190px;bottom:238px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">Encargos financeiros com empr\u00e9stimos </div><div class=\"t s0_36\" id=\"t18_36\" style=\"left:143px;bottom:200px;letter-spacing:-0.02px;word-spacing:1.48px;display:inline;\">Os custos de empr\u00e9stimos obtidos que sejam diretamente atribu\u00edveis \u00e0 aquisi\u00e7\u00e3o, constru\u00e7\u00e3o ou </div><div class=\"t s0_36\" id=\"t19_36\" style=\"left:143px;bottom:177px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">produ\u00e7\u00e3o de um ativo que se qualifica como parte do custo desse ativo s\u00e3o objeto de capitaliza\u00e7\u00e3o. </div><div class=\"t s0_36\" id=\"t1a_36\" style=\"left:143px;bottom:154px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\">Os outros custos de empr\u00e9stimos obtidos s\u00e3o reconhecidos como um gasto no per\u00edodo em que sejam </div><div class=\"t s0_36\" id=\"t1b_36\" style=\"left:143px;bottom:130px;letter-spacing:-0.03px;word-spacing:1.78px;display:inline;\">incorridos de acordo com o princ\u00edpio da especializa\u00e7\u00e3o dos exerc\u00edcios e em conformidade com o </div><span>m\u00e9todo da taxa de juro efetiva.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00266": {
   "value": "<span>k) </span><div class=\"t s1_37\" id=\"t4_37\" style=\"left:190px;bottom:1088px;letter-spacing:-0.05px;word-spacing:0.12px;display:inline;\">Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa </div><div class=\"t s0_37\" id=\"t5_37\" style=\"left:143px;bottom:1050px;letter-spacing:-0.04px;word-spacing:0.63px;display:inline;\">A Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa \u00e9 preparada de acordo com a IAS 7, atrav\u00e9s do </div><div class=\"t s0_37\" id=\"t6_37\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:2.65px;display:inline;\">m\u00e9todo direto. O Grupo classifica na rubrica \u201cCaixa e equivalentes de caixa\u201d os investimentos </div><div class=\"t s0_37\" id=\"t7_37\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:-0.07px;display:inline;\">venc\u00edveis a menos de tr\u00eas meses e para os quais o risco de altera\u00e7\u00e3o de valor \u00e9 insignificante. Para </div><div class=\"t s0_37\" id=\"t8_37\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.94px;display:inline;\">efeitos da Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, a rubrica de caixa e equivalentes de caixa </div><div class=\"t s0_37\" id=\"t9_37\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">compreende tamb\u00e9m os descobertos banc\u00e1rios inclu\u00eddos na Demonstra\u00e7\u00e3o Consolidada da Posi\u00e7\u00e3o </div><div class=\"t s0_37\" id=\"ta_37\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Financeira na rubrica \u201cD\u00edvida de curto prazo\u201d. </div><div class=\"t s0_37\" id=\"tb_37\" style=\"left:143px;bottom:894px;letter-spacing:-0.02px;word-spacing:-0.59px;display:inline;\">Os fluxos de caixa s\u00e3o classificados na Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa, dependendo </div><div class=\"t s0_37\" id=\"tc_37\" style=\"left:143px;bottom:871px;letter-spacing:-0.03px;word-spacing:0.76px;display:inline;\">da sua natureza, em (1) atividades operacionais; (2) atividades de investimento; e (3) atividades </div><div class=\"t s0_37\" id=\"td_37\" style=\"left:143px;bottom:847px;letter-spacing:-0.01px;word-spacing:-0.98px;display:inline;\">de financiamento. As atividades operacionais englobam essencialmente os recebimentos de clientes, </div><div class=\"t s0_37\" id=\"te_37\" style=\"left:143px;bottom:824px;letter-spacing:-0.03px;word-spacing:3.74px;display:inline;\">e os pagamentos a fornecedores, ao pessoal, de benef\u00edcios de reforma, de imposto sobre o </div><div class=\"t s0_37\" id=\"tf_37\" style=\"left:143px;bottom:800px;letter-spacing:-0.03px;word-spacing:3.17px;display:inline;\">rendimento e de impostos indiretos l\u00edquidos. Os fluxos de caixa abrangidos nas atividades de </div><div class=\"t s0_37\" id=\"tg_37\" style=\"left:143px;bottom:776px;letter-spacing:-0.03px;word-spacing:5.31px;display:inline;\">investimento incluem, nomeadamente, aquisi\u00e7\u00f5es e aliena\u00e7\u00f5es de investimentos financeiros, </div><div class=\"t s0_37\" id=\"th_37\" style=\"left:143px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.65px;display:inline;\">dividendos recebidos de empresas associadas e recebimentos e pagamentos decorrentes da compra </div><div class=\"t s0_37\" id=\"ti_37\" style=\"left:143px;bottom:729px;letter-spacing:-0.02px;word-spacing:-0.27px;display:inline;\">e venda de ativos imobilizados. Os fluxos de caixa relacionados com as atividades de financiamento </div><div class=\"t s0_37\" id=\"tj_37\" style=\"left:143px;bottom:706px;letter-spacing:-0.03px;word-spacing:4.36px;display:inline;\">incluem, designadamente, os pagamentos e recebimentos referentes a empr\u00e9stimos obtidos, </div><div class=\"t s0_37\" id=\"tk_37\" style=\"left:143px;bottom:682px;letter-spacing:-0.02px;word-spacing:1.81px;display:inline;\">pagamentos relacionados com juros e despesas relacionadas, a aquisi\u00e7\u00e3o de a\u00e7\u00f5es pr\u00f3prias e o </div><span>pagamento de dividendos.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00193": {
   "value": "<span>Julgamentos e estimativas </span><div class=\"t s0_37\" id=\"tv_37\" style=\"left:143px;bottom:389px;letter-spacing:-0.02px;word-spacing:0.29px;display:inline;\">Na prepara\u00e7\u00e3o das demonstra\u00e7\u00f5es financeiras consolidadas de acordo com os IFRS, o Conselho de </div><div class=\"t s0_37\" id=\"tw_37\" style=\"left:143px;bottom:365px;letter-spacing:-0.01px;word-spacing:2.47px;display:inline;\">Administra\u00e7\u00e3o da PHAROL SGPS utiliza estimativas e pressupostos que afetam a aplica\u00e7\u00e3o das </div><div class=\"t s0_37\" id=\"tx_37\" style=\"left:143px;bottom:342px;letter-spacing:-0.01px;word-spacing:-1.04px;display:inline;\">pol\u00edticas contabil\u00edsticas e os montantes reportados. As estimativas e julgamentos s\u00e3o continuamente </div><div class=\"t s0_37\" id=\"ty_37\" style=\"left:143px;bottom:318px;letter-spacing:-0.03px;word-spacing:-1.06px;display:inline;\">avaliados e baseiam-se na experi\u00eancia de eventos passados e noutros fatores, incluindo expectativas </div><div class=\"t s0_37\" id=\"tz_37\" style=\"left:143px;bottom:295px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">relativas a eventos futuros considerados prov\u00e1veis face \u00e0s circunst\u00e2ncias em que as estimativas s\u00e3o </div><div class=\"t s0_37\" id=\"t10_37\" style=\"left:143px;bottom:271px;letter-spacing:-0.02px;word-spacing:0.63px;display:inline;\">baseadas ou resultado de uma informa\u00e7\u00e3o ou experi\u00eancia adquirida. As estimativas contabil\u00edsticas </div><div class=\"t s0_37\" id=\"t11_37\" style=\"left:143px;bottom:248px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">mais significativas refletidas nas demonstra\u00e7\u00f5es financeiras consolidadas s\u00e3o como segue: </div><div class=\"t s2_37\" id=\"t12_37\" style=\"left:169px;bottom:210px;letter-spacing:-0.01px;display:inline;\">(a) </div><div class=\"t s2_37\" id=\"t13_37\" style=\"left:195px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.31px;display:inline;\">Valoriza\u00e7\u00e3o do investimento na Oi </div><div class=\"t s0_37\" id=\"t14_37\" style=\"left:445px;bottom:210px;letter-spacing:-0.05px;word-spacing:-0.36px;display:inline;\">\u2013 Em 5 de maio de 2014, a Empresa valorizou a nova </div><div class=\"t s0_37\" id=\"t15_37\" style=\"left:195px;bottom:186px;letter-spacing:-0.01px;word-spacing:-0.95px;display:inline;\">participa\u00e7\u00e3o na Oi, adquirida na sequ\u00eancia da combina\u00e7\u00e3o de neg\u00f3cios efetuada nessa altura </div><div class=\"t s0_37\" id=\"t16_37\" style=\"left:195px;bottom:163px;word-spacing:0.94px;display:inline;\">com a Oi, tendo por base o pre\u00e7o das a\u00e7\u00f5es da Oi no aumento de capital realizado nesta </div><div class=\"t s0_37\" id=\"t17_37\" style=\"left:195px;bottom:139px;letter-spacing:-0.02px;word-spacing:1.8px;display:inline;\">data, tendo-se, a partir desta data, apropriado da sua quota-parte nos resultados da Oi </div><div class=\"t s0_37\" id=\"t18_37\" style=\"left:195px;bottom:116px;letter-spacing:-0.01px;word-spacing:0.43px;display:inline;\">atrav\u00e9s da aplica\u00e7\u00e3o do m\u00e9todo da equival\u00eancia patrimonial. Adicionalmente, a partir de 8 </div><div></div><div class=\"t s0_38\" id=\"t3_38\" style=\"left:195px;bottom:1088px;letter-spacing:-0.01px;word-spacing:-0.32px;display:inline;\">de setembro de 2014, a parcela do investimento na Oi a entregar no \u00e2mbito do Contrato de </div><div class=\"t s0_38\" id=\"t4_38\" style=\"left:195px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">Permuta foi classificada como ativo n\u00e3o corrente detido para venda e mensurado ao justo </div><div class=\"t s0_38\" id=\"t5_38\" style=\"left:195px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-1.11px;display:inline;\">valor a partir dessa data, at\u00e9 \u00e0 execu\u00e7\u00e3o da permuta em 30 de mar\u00e7o de 2015. At\u00e9 dezembro </div><div class=\"t s0_38\" id=\"t6_38\" style=\"left:195px;bottom:1017px;letter-spacing:-0.02px;word-spacing:1.48px;display:inline;\">de 2017 este investimento estava valorizado pelo m\u00e9todo de equival\u00eancia patrimonial. A </div><div class=\"t s0_38\" id=\"t7_38\" style=\"left:195px;bottom:994px;letter-spacing:-0.03px;word-spacing:4.56px;display:inline;\">partir dessa data e nomeadamente em 31 de dezembro de 2024, a valoriza\u00e7\u00e3o do </div><div class=\"t s0_38\" id=\"t8_38\" style=\"left:195px;bottom:970px;letter-spacing:-0.02px;word-spacing:1.13px;display:inline;\">investimento detido na Oi baseou-se no seu valor de mercado, nomeadamente a cota\u00e7\u00e3o </div><div class=\"t s0_38\" id=\"t9_38\" style=\"left:195px;bottom:947px;letter-spacing:-0.03px;word-spacing:-0.25px;display:inline;\">bolsista, dado que a PHAROL perdeu a influ\u00eancia significativa que detinha. Em dezembro de </div><div class=\"t s0_38\" id=\"ta_38\" style=\"left:195px;bottom:923px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">2025, a PHAROL j\u00e1 n\u00e3o detinha qualquer participa\u00e7\u00e3o na Oi. </div><div class=\"t s1_38\" id=\"tb_38\" style=\"left:169px;bottom:899px;letter-spacing:-0.07px;display:inline;\">(b) </div><div class=\"t s1_38\" id=\"tc_38\" style=\"left:195px;bottom:899px;letter-spacing:-0.04px;word-spacing:2.97px;display:inline;\">Valoriza\u00e7\u00e3o do instrumento Rio Forte </div><div class=\"t s0_38\" id=\"td_38\" style=\"left:485px;bottom:899px;letter-spacing:-0.07px;word-spacing:3.15px;display:inline;\">\u2013 A 30 de mar\u00e7o de 2015 foram obtidos os </div><div class=\"t s0_38\" id=\"te_38\" style=\"left:195px;bottom:876px;letter-spacing:-0.03px;word-spacing:0.62px;display:inline;\">instrumentos Rio Forte na sequ\u00eancia da execu\u00e7\u00e3o da permuta relativa \u00e0s a\u00e7\u00f5es Oi. A essa </div><div class=\"t s0_38\" id=\"tf_38\" style=\"left:195px;bottom:852px;letter-spacing:-0.02px;word-spacing:1.26px;display:inline;\">data, ap\u00f3s consulta com o mercado, a Empresa valorizou o instrumento por 15% do seu </div><div class=\"t s0_38\" id=\"tg_38\" style=\"left:195px;bottom:829px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">valor nocional. Esta valoriza\u00e7\u00e3o foi revista a 30 de setembro de 2016, com uma redu\u00e7\u00e3o no </div><div class=\"t s0_38\" id=\"th_38\" style=\"left:195px;bottom:805px;letter-spacing:-0.02px;word-spacing:2.14px;display:inline;\">valor nocional para 9,56% e a 31 de dezembro de 2017 e 2019, para 8,32% e 7,02% </div><div class=\"t s0_38\" id=\"ti_38\" style=\"left:195px;bottom:782px;letter-spacing:-0.03px;word-spacing:3.99px;display:inline;\">respetivamente. A 31 de dezembro de 2020, existiu uma nova revis\u00e3o em baixa de </div><div class=\"t s0_38\" id=\"tj_38\" style=\"left:195px;bottom:758px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">recupera\u00e7\u00e3o do valor nominal para 5,79%, o que equivale a uma redu\u00e7\u00e3o de 11,1 milh\u00f5es </div><div class=\"t s0_38\" id=\"tk_38\" style=\"left:195px;bottom:734px;letter-spacing:-0.02px;word-spacing:-0.25px;display:inline;\">de Euros para o montante de 51,9 milh\u00f5es de Euros. A 31 de dezembro de 2025, este valor </div><div class=\"t s0_38\" id=\"tl_38\" style=\"left:195px;bottom:711px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">manteve-se (Nota 13). </div><div class=\"t s1_38\" id=\"tm_38\" style=\"left:169px;bottom:687px;letter-spacing:-0.01px;display:inline;\">(c) </div><div class=\"t s1_38\" id=\"tn_38\" style=\"left:195px;bottom:687px;letter-spacing:-0.06px;word-spacing:2.49px;display:inline;\">Valoriza\u00e7\u00e3o e vida \u00fatil de ativos intang\u00edveis e tang\u00edveis </div><div class=\"t s0_38\" id=\"to_38\" style=\"left:620px;bottom:687px;letter-spacing:-0.05px;word-spacing:2.4px;display:inline;\">\u2013 A PHAROL SGPS utiliza </div><div class=\"t s0_38\" id=\"tp_38\" style=\"left:195px;bottom:664px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">estimativas para determinar a vida \u00fatil dos seus ativos tang\u00edveis (Nota 3). </div><div class=\"t s1_38\" id=\"tq_38\" style=\"left:169px;bottom:640px;letter-spacing:-0.07px;display:inline;\">(d) </div><div class=\"t s1_38\" id=\"tr_38\" style=\"left:195px;bottom:640px;letter-spacing:-0.05px;word-spacing:0.49px;display:inline;\">Reconhecimento de provis\u00f5es e ajustamentos </div><div class=\"t s0_38\" id=\"ts_38\" style=\"left:535px;bottom:640px;letter-spacing:-0.04px;word-spacing:0.41px;display:inline;\">\u2013 A PHAROL SGPS \u00e9 parte em diversos </div><div class=\"t s0_38\" id=\"tt_38\" style=\"left:195px;bottom:617px;letter-spacing:-0.01px;word-spacing:2.63px;display:inline;\">processos judiciais em curso para os quais, com base na opini\u00e3o dos seus advogados, </div><div class=\"t s0_38\" id=\"tu_38\" style=\"left:195px;bottom:593px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">efetuou um julgamento para determinar o reconhecimento de eventual provis\u00e3o para fazer </div><div class=\"t s0_38\" id=\"tv_38\" style=\"left:195px;bottom:569px;letter-spacing:-0.02px;word-spacing:5.4px;display:inline;\">face a essas conting\u00eancias. Os ajustamentos para contas a receber s\u00e3o calculados </div><div class=\"t s0_38\" id=\"tw_38\" style=\"left:195px;bottom:546px;letter-spacing:-0.01px;word-spacing:-0.26px;display:inline;\">essencialmente com base na antiguidade das contas a receber, o perfil de risco dos clientes </div><div class=\"t s0_38\" id=\"tx_38\" style=\"left:195px;bottom:522px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">e a situa\u00e7\u00e3o financeira dos mesmos. </div><div class=\"t s0_38\" id=\"ty_38\" style=\"left:143px;bottom:485px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">As estimativas foram determinadas com base na melhor informa\u00e7\u00e3o dispon\u00edvel \u00e0 data da prepara\u00e7\u00e3o </div><div class=\"t s0_38\" id=\"tz_38\" style=\"left:143px;bottom:461px;letter-spacing:-0.02px;word-spacing:1.45px;display:inline;\">das demonstra\u00e7\u00f5es financeiras consolidadas. No entanto, poder\u00e3o ocorrer situa\u00e7\u00f5es em per\u00edodos </div><div class=\"t s0_38\" id=\"t10_38\" style=\"left:143px;bottom:437px;letter-spacing:-0.01px;word-spacing:3.29px;display:inline;\">subsequentes que, n\u00e3o sendo previs\u00edveis \u00e0 data, n\u00e3o foram consideradas nessas estimativas. </div><div class=\"t s0_38\" id=\"t11_38\" style=\"left:143px;bottom:414px;letter-spacing:-0.04px;word-spacing:-0.54px;display:inline;\">Conforme disposto na IAS 8, altera\u00e7\u00f5es a estas estimativas, que ocorram posteriormente \u00e0 data das </div><span>demonstra\u00e7\u00f5es financeiras consolidadas, s\u00e3o corrigidas em resultados de forma prospetiva.</span>",
   "dimensions": {
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    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00195": {
   "value": "<span>4. </span><div class=\"t s2_39\" id=\"t4_39\" style=\"left:167px;bottom:1086px;letter-spacing:0.2px;word-spacing:-0.1px;display:inline;\">Altera\u00e7\u00f5es nas pol\u00edticas contabil\u00edsticas </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t6_39\" style=\"left:314px;bottom:1053px;letter-spacing:-0.32px;display:inline;\">Regulamento </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t7_39\" style=\"left:314px;bottom:1039px;letter-spacing:-0.29px;word-spacing:0.03px;display:inline;\">de Endosso </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"ta_39\" style=\"left:410px;bottom:1032px;letter-spacing:-0.25px;display:inline;\">Altera\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tb_39\" style=\"left:694px;bottom:1032px;letter-spacing:-0.24px;word-spacing:-0.25px;display:inline;\">Data efetiva </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t5_39\" style=\"left:190px;bottom:1032px;letter-spacing:-0.26px;display:inline;\">Descri\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t8_39\" style=\"left:314px;bottom:1025px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">pela Uni\u00e3o </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t9_39\" style=\"left:314px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">Europeia </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s3_39\" id=\"tc_39\" style=\"left:143px;bottom:990px;letter-spacing:-0.28px;word-spacing:-0.05px;display:inline;\">1. Altera\u00e7\u00f5es \u00e0s normas que se tornaram efetivas a 1 de janeiro de 2025 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"td_39\" style=\"left:143px;bottom:964px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">IAS 21 - Os efeitos das </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tp_39\" style=\"left:410px;bottom:957px;letter-spacing:-0.24px;word-spacing:0.06px;display:inline;\">A altera\u00e7\u00e3o veio clarificar as circunst\u00e2ncias </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"te_39\" style=\"left:143px;bottom:950px;letter-spacing:-0.31px;word-spacing:0.02px;display:inline;\">mudan\u00e7as nas taxas de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tk_39\" style=\"left:314px;bottom:950px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tq_39\" style=\"left:410px;bottom:943px;letter-spacing:-0.3px;word-spacing:0.09px;display:inline;\">em que se considera que uma moeda \u00e9 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tv_39\" style=\"left:684px;bottom:943px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tf_39\" style=\"left:143px;bottom:936px;letter-spacing:-0.27px;display:inline;\">c\u00e2mbio </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tl_39\" style=\"left:314px;bottom:936px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tr_39\" style=\"left:410px;bottom:929px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">pass\u00edvel de troca e como deve ser </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tw_39\" style=\"left:684px;bottom:929px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tg_39\" style=\"left:143px;bottom:922px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">'Efeitos das altera\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tm_39\" style=\"left:314px;bottom:922px;letter-spacing:-0.28px;display:inline;\">2024/2862, </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"ts_39\" style=\"left:410px;bottom:915px;letter-spacing:-0.26px;display:inline;\">determinada a taxa de c\u00e2mbio \u00e0 vista </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tx_39\" style=\"left:684px;bottom:915px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"th_39\" style=\"left:143px;bottom:908px;letter-spacing:-0.27px;word-spacing:-0.04px;display:inline;\">das taxas de c\u00e2mbio: </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tn_39\" style=\"left:314px;bottom:908px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 12 de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tt_39\" style=\"left:410px;bottom:901px;letter-spacing:-0.26px;word-spacing:0.07px;display:inline;\">quando se verifica a falta de permutabilidade </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"ty_39\" style=\"left:684px;bottom:901px;letter-spacing:-0.27px;word-spacing:0.04px;display:inline;\">de 2025 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"ti_39\" style=\"left:143px;bottom:894px;letter-spacing:-0.23px;word-spacing:0.01px;display:inline;\">falta de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"to_39\" style=\"left:314px;bottom:894px;letter-spacing:-0.28px;display:inline;\">novembro </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tu_39\" style=\"left:410px;bottom:887px;letter-spacing:-0.27px;display:inline;\">de uma moeda, por um per\u00edodo longo. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tj_39\" style=\"left:143px;bottom:880px;letter-spacing:-0.31px;display:inline;\">permutabilidade' </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s3_39\" id=\"tz_39\" style=\"left:143px;bottom:848px;letter-spacing:-0.29px;word-spacing:-0.01px;display:inline;\">2. Altera\u00e7\u00f5es \u00e0s normas que se tornam efetivas, em ou ap\u00f3s 1 de janeiro de 2026 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1d_39\" style=\"left:410px;bottom:822px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">As altera\u00e7\u00f5es efetuadas referem a: (i) </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1e_39\" style=\"left:410px;bottom:808px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">clarifica\u00e7\u00e3o do conceito de data de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t10_39\" style=\"left:143px;bottom:787px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 9 - Instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1f_39\" style=\"left:410px;bottom:794px;letter-spacing:-0.28px;word-spacing:0.09px;display:inline;\">reconhecimento e desreconhecimento de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t11_39\" style=\"left:143px;bottom:773px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">financeiros e IFRS 7- </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1g_39\" style=\"left:410px;bottom:780px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">alguns ativos e passivos financeiros; (ii) </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t12_39\" style=\"left:143px;bottom:759px;letter-spacing:-0.3px;display:inline;\">Instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1h_39\" style=\"left:410px;bottom:766px;letter-spacing:-0.25px;word-spacing:0.1px;display:inline;\">clarifica\u00e7\u00e3o e exemplifica\u00e7\u00e3o sobre quando </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t13_39\" style=\"left:143px;bottom:745px;letter-spacing:-0.27px;word-spacing:-0.12px;display:inline;\">financeiros: Divulga\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t19_39\" style=\"left:314px;bottom:751px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1i_39\" style=\"left:410px;bottom:752px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">um ativo financeiro cumpre com o crit\u00e9rio de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1r_39\" style=\"left:684px;bottom:752px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t14_39\" style=\"left:143px;bottom:731px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">'Altera\u00e7\u00e3o \u00e0 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1a_39\" style=\"left:314px;bottom:736px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1j_39\" style=\"left:410px;bottom:738px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">os cash flows contratuais corresponderem; </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1s_39\" style=\"left:684px;bottom:738px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t15_39\" style=\"left:143px;bottom:717px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">classifica\u00e7\u00e3o e </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1b_39\" style=\"left:314px;bottom:722px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">2025/1047, de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1k_39\" style=\"left:410px;bottom:724px;letter-spacing:-0.24px;word-spacing:0.04px;display:inline;\">(iii) novos requisitos de divulga\u00e7\u00e3o para </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1t_39\" style=\"left:684px;bottom:724px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t16_39\" style=\"left:143px;bottom:703px;letter-spacing:-0.31px;word-spacing:-0.11px;display:inline;\">mensura\u00e7\u00e3o de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1c_39\" style=\"left:314px;bottom:707px;letter-spacing:-0.3px;word-spacing:0.17px;display:inline;\">27 de maio </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1l_39\" style=\"left:410px;bottom:710px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">instrumentos com termos contratuais que </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1u_39\" style=\"left:684px;bottom:710px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t17_39\" style=\"left:143px;bottom:689px;letter-spacing:-0.29px;display:inline;\">instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1m_39\" style=\"left:410px;bottom:696px;letter-spacing:-0.26px;display:inline;\">podem alterar os fluxos de caixa em termos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t18_39\" style=\"left:143px;bottom:675px;letter-spacing:-0.25px;display:inline;\">financeiros' </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1n_39\" style=\"left:410px;bottom:682px;letter-spacing:-0.25px;word-spacing:0.05px;display:inline;\">de per\u00edodo e valor; e (iv) novas divulga\u00e7\u00f5es </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1o_39\" style=\"left:410px;bottom:668px;letter-spacing:-0.26px;word-spacing:0.09px;display:inline;\">exigidas para os instrumentos de capital </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1p_39\" style=\"left:410px;bottom:654px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">designados ao justo valor atrav\u00e9s do outro </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1q_39\" style=\"left:410px;bottom:640px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">rendimento integral. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1v_39\" style=\"left:143px;bottom:626px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 9 - Instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1w_39\" style=\"left:143px;bottom:612px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">financeiros e IFRS 7- </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1x_39\" style=\"left:143px;bottom:598px;letter-spacing:-0.3px;display:inline;\">Instrumentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t24_39\" style=\"left:321px;bottom:605px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t29_39\" style=\"left:410px;bottom:605px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">As altera\u00e7\u00f5es efetuadas referem a: (i) </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1y_39\" style=\"left:143px;bottom:584px;letter-spacing:-0.27px;word-spacing:-0.12px;display:inline;\">financeiros: Divulga\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t25_39\" style=\"left:321px;bottom:590px;letter-spacing:-0.28px;word-spacing:0.28px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2a_39\" style=\"left:410px;bottom:591px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">clarifica\u00e7\u00e3o da aplica\u00e7\u00e3o da isen\u00e7\u00e3o do \u201cuso </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2f_39\" style=\"left:684px;bottom:591px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1z_39\" style=\"left:143px;bottom:570px;letter-spacing:-0.29px;word-spacing:-0.11px;display:inline;\">'Contratos negociados </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t26_39\" style=\"left:321px;bottom:575px;letter-spacing:-0.26px;display:inline;\">2025/1266, </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2b_39\" style=\"left:410px;bottom:577px;letter-spacing:-0.25px;word-spacing:0.09px;display:inline;\">pr\u00f3prio\u201d estabelecidos na IFRS 9; (ii) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2g_39\" style=\"left:684px;bottom:577px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t20_39\" style=\"left:143px;bottom:556px;letter-spacing:-0.28px;display:inline;\">com refer\u00eancia a </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t27_39\" style=\"left:321px;bottom:560px;letter-spacing:-0.23px;word-spacing:0.01px;display:inline;\">de 30 de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2c_39\" style=\"left:410px;bottom:563px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">permiss\u00e3o de designa\u00e7\u00e3o como instrumento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2h_39\" style=\"left:684px;bottom:563px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t21_39\" style=\"left:143px;bottom:542px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">eletricidade gerada a </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t28_39\" style=\"left:321px;bottom:544px;letter-spacing:-0.25px;display:inline;\">junho </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2d_39\" style=\"left:410px;bottom:549px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">de cobertura'; e (iii) novos requisitos de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2i_39\" style=\"left:684px;bottom:549px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t22_39\" style=\"left:143px;bottom:528px;letter-spacing:-0.26px;word-spacing:0.01px;display:inline;\">partir de fontes </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2e_39\" style=\"left:410px;bottom:535px;letter-spacing:-0.24px;display:inline;\">divulga\u00e7\u00e3o da IFRS 7. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t23_39\" style=\"left:143px;bottom:514px;letter-spacing:-0.28px;display:inline;\">renov\u00e1veis' </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s3_39\" id=\"t2j_39\" style=\"left:143px;bottom:495px;letter-spacing:-0.29px;word-spacing:-0.01px;display:inline;\">3. Altera\u00e7\u00f5es \u00e0s normas que se tornam efetivas, em ou ap\u00f3s 1 de janeiro de 2026 - Melhorias </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t2k_39\" style=\"left:143px;bottom:481px;letter-spacing:-0.23px;display:inline;\">Anuais </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2r_39\" style=\"left:410px;bottom:461px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">Esta melhoria vem clarificar, relativamente \u00e0 </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2s_39\" style=\"left:410px;bottom:447px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">contabilidade de cobertura, que as </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2t_39\" style=\"left:410px;bottom:434px;letter-spacing:-0.26px;word-spacing:0.04px;display:inline;\">coberturas j\u00e1 existentes no GAAP anterior </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2n_39\" style=\"left:314px;bottom:419px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2u_39\" style=\"left:410px;bottom:419px;letter-spacing:-0.25px;word-spacing:-0.01px;display:inline;\">t\u00eam de ser eleg\u00edveis e de cumprir com os </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t32_39\" style=\"left:684px;bottom:412px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t2l_39\" style=\"left:143px;bottom:407px;letter-spacing:-0.26px;word-spacing:-0.06px;display:inline;\">IAS 1 - Ado\u00e7\u00e3o pela </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2o_39\" style=\"left:314px;bottom:404px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2v_39\" style=\"left:410px;bottom:405px;letter-spacing:-0.23px;word-spacing:-0.01px;display:inline;\">crit\u00e9rios de qualifica\u00e7\u00e3o da IFRS 9 para </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t33_39\" style=\"left:684px;bottom:399px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t2m_39\" style=\"left:143px;bottom:392px;letter-spacing:-0.27px;word-spacing:-0.29px;display:inline;\">primeira vez das IFRS </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2p_39\" style=\"left:314px;bottom:389px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">2025/1331, de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2w_39\" style=\"left:410px;bottom:392px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">serem mantidas. Caso contr\u00e1rio tem de ser </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t34_39\" style=\"left:684px;bottom:385px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2q_39\" style=\"left:314px;bottom:374px;letter-spacing:-0.25px;word-spacing:-0.32px;display:inline;\">09 de julho. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2x_39\" style=\"left:410px;bottom:378px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">registada a descontinua\u00e7\u00e3o da contabilidade </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t35_39\" style=\"left:684px;bottom:370px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2y_39\" style=\"left:410px;bottom:364px;letter-spacing:-0.26px;word-spacing:0.09px;display:inline;\">de cobertura. N\u00e3o \u00e9 permitido designar </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2z_39\" style=\"left:410px;bottom:350px;letter-spacing:-0.26px;word-spacing:0.02px;display:inline;\">retrospetivamente como contabilidade de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t30_39\" style=\"left:410px;bottom:336px;letter-spacing:-0.25px;word-spacing:-0.04px;display:inline;\">cobertura transa\u00e7\u00f5es ocorridas antes da data </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t31_39\" style=\"left:410px;bottom:322px;letter-spacing:-0.23px;word-spacing:0.22px;display:inline;\">de transi\u00e7\u00e3o. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3j_39\" style=\"left:691px;bottom:307px;letter-spacing:-0.23px;display:inline;\">Per\u00edodos </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3c_39\" style=\"left:410px;bottom:291px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">Esta melhoria refere-se ao alinhamento de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3k_39\" style=\"left:691px;bottom:292px;letter-spacing:-0.26px;display:inline;\">anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t38_39\" style=\"left:314px;bottom:277px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3d_39\" style=\"left:410px;bottom:277px;letter-spacing:-0.28px;word-spacing:0.06px;display:inline;\">designa\u00e7\u00e3o dos m\u00e9todos de mensura\u00e7\u00e3o dos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3l_39\" style=\"left:691px;bottom:277px;letter-spacing:-0.16px;display:inline;\">com </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t36_39\" style=\"left:143px;bottom:265px;letter-spacing:-0.3px;word-spacing:0.01px;display:inline;\">IAS 7 - Demonstra\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t39_39\" style=\"left:314px;bottom:262px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3e_39\" style=\"left:410px;bottom:263px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">investimentos em subsidi\u00e1rias, associadas e </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3m_39\" style=\"left:691px;bottom:262px;letter-spacing:-0.23px;word-spacing:0.12px;display:inline;\">in\u00edcio em </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t37_39\" style=\"left:143px;bottom:250px;letter-spacing:-0.3px;word-spacing:0.14px;display:inline;\">dos fluxos de caixa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3a_39\" style=\"left:314px;bottom:247px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">2025/1331, de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3f_39\" style=\"left:410px;bottom:249px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">empreendimentos conjuntos, com a IAS 27, </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3n_39\" style=\"left:691px;bottom:247px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">ou ap\u00f3s </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3b_39\" style=\"left:314px;bottom:232px;letter-spacing:-0.25px;word-spacing:0.15px;display:inline;\">09 de julho. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3g_39\" style=\"left:410px;bottom:235px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">com a substitui\u00e7\u00e3o da refer\u00eancia ao \u2018m\u00e9todo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3o_39\" style=\"left:691px;bottom:232px;letter-spacing:-0.09px;word-spacing:-0.25px;display:inline;\">1 de </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3h_39\" style=\"left:410px;bottom:221px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">do custo\u2019 ainda presente na IAS 7, por </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3p_39\" style=\"left:691px;bottom:217px;letter-spacing:-0.2px;display:inline;\">janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3i_39\" style=\"left:410px;bottom:207px;letter-spacing:-0.17px;display:inline;\">\u201ccusto\u201d. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3q_39\" style=\"left:691px;bottom:202px;letter-spacing:-0.23px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\n</table><div></div><table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ta_40\" style=\"left:410px;bottom:1068px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">Esta melhorias pretendem: (i) alinhamento </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tb_40\" style=\"left:410px;bottom:1054px;letter-spacing:-0.26px;word-spacing:0.04px;display:inline;\">de conceitos entre a IFRS 7 e a IFRS 13, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tc_40\" style=\"left:410px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.04px;display:inline;\">relativamente \u00e0 designa\u00e7\u00e3o dos \u201cinputs n\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t5_40\" style=\"left:314px;bottom:1034px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"td_40\" style=\"left:410px;bottom:1027px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">observ\u00e1veis\u201d utilizados na determina\u00e7\u00e3o do </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tk_40\" style=\"left:684px;bottom:1027px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t3_40\" style=\"left:143px;bottom:1013px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 7 - Instrumentos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t6_40\" style=\"left:314px;bottom:1019px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"te_40\" style=\"left:410px;bottom:1013px;letter-spacing:-0.26px;word-spacing:0.16px;display:inline;\">justo valor; (ii) clarifica\u00e7\u00e3o de que o guia de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tl_40\" style=\"left:684px;bottom:1013px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t4_40\" style=\"left:143px;bottom:999px;letter-spacing:-0.27px;word-spacing:-0.12px;display:inline;\">financeiros: divulga\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t7_40\" style=\"left:314px;bottom:1006px;letter-spacing:-0.28px;display:inline;\">2025/1331, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tf_40\" style=\"left:410px;bottom:999px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">implementa\u00e7\u00e3o n\u00e3o contempla todos os </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tm_40\" style=\"left:684px;bottom:999px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t8_40\" style=\"left:314px;bottom:992px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 09 de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tg_40\" style=\"left:410px;bottom:985px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">requisitos de divulga\u00e7\u00e3o da IFRS 7, entre </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tn_40\" style=\"left:684px;bottom:985px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t9_40\" style=\"left:314px;bottom:978px;letter-spacing:-0.2px;display:inline;\">julho. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"th_40\" style=\"left:410px;bottom:971px;letter-spacing:-0.26px;word-spacing:0.09px;display:inline;\">eles a divulga\u00e7\u00e3o do risco de cr\u00e9dito para </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ti_40\" style=\"left:410px;bottom:957px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">ativos adquiridos ou originados com perda de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tj_40\" style=\"left:410px;bottom:943px;letter-spacing:-0.23px;display:inline;\">imparidade. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tv_40\" style=\"left:410px;bottom:888px;letter-spacing:-0.25px;word-spacing:0.11px;display:inline;\">Estas melhorias referem-se: (i) clarifica\u00e7\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tw_40\" style=\"left:410px;bottom:874px;letter-spacing:-0.25px;word-spacing:0.11px;display:inline;\">sobre a aplica\u00e7\u00e3o dos princ\u00edpios do </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tx_40\" style=\"left:410px;bottom:860px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">desreconhecimento de um passivo </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ty_40\" style=\"left:410px;bottom:846px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">financeiros aos passivos de loca\u00e7\u00e3o, ou seja, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tz_40\" style=\"left:410px;bottom:832px;letter-spacing:-0.27px;word-spacing:0.15px;display:inline;\">quando os fluxos de caixa contratuais s\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tq_40\" style=\"left:314px;bottom:825px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t10_40\" style=\"left:410px;bottom:818px;letter-spacing:-0.27px;word-spacing:0.04px;display:inline;\">extintos, com o apuramento da mais ou </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t19_40\" style=\"left:684px;bottom:818px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"to_40\" style=\"left:143px;bottom:804px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 9 - Instrumentos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tr_40\" style=\"left:314px;bottom:811px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t11_40\" style=\"left:410px;bottom:804px;letter-spacing:-0.27px;word-spacing:0.17px;display:inline;\">menos valia em resultados; (ii) elimina\u00e7\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1a_40\" style=\"left:684px;bottom:804px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"tp_40\" style=\"left:143px;bottom:790px;letter-spacing:-0.26px;display:inline;\">financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ts_40\" style=\"left:314px;bottom:797px;letter-spacing:-0.28px;display:inline;\">2025/1331, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t12_40\" style=\"left:410px;bottom:790px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">da inconsist\u00eancia com a IFRS 15 relativa ao </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1b_40\" style=\"left:684px;bottom:790px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tt_40\" style=\"left:314px;bottom:784px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 09 de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t13_40\" style=\"left:410px;bottom:776px;letter-spacing:-0.27px;word-spacing:0.16px;display:inline;\">reconhecimento inicial de uma conta a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1c_40\" style=\"left:684px;bottom:776px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tu_40\" style=\"left:314px;bottom:770px;letter-spacing:-0.2px;display:inline;\">julho. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t14_40\" style=\"left:410px;bottom:762px;letter-spacing:-0.29px;word-spacing:0.14px;display:inline;\">receber no \u00e2mbito da IFRS 15, que n\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t15_40\" style=\"left:410px;bottom:748px;letter-spacing:-0.27px;word-spacing:-0.01px;display:inline;\">tenha uma componente de financiamento </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t16_40\" style=\"left:410px;bottom:735px;letter-spacing:-0.23px;display:inline;\">significativa, a qual deve ser registada pelo </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t17_40\" style=\"left:410px;bottom:721px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">valor estimado do pre\u00e7o, conforme a IFRS 15 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t18_40\" style=\"left:410px;bottom:707px;letter-spacing:-0.25px;word-spacing:0.14px;display:inline;\">e n\u00e3o ao justo valor. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1g_40\" style=\"left:314px;bottom:649px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1l_40\" style=\"left:410px;bottom:642px;letter-spacing:-0.25px;word-spacing:0.09px;display:inline;\">Esta melhoria refere-se \u00e0 simplifica\u00e7\u00e3o da </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1p_40\" style=\"left:684px;bottom:642px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1d_40\" style=\"left:143px;bottom:635px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">IFRS 10 \u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1h_40\" style=\"left:314px;bottom:635px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1m_40\" style=\"left:410px;bottom:628px;letter-spacing:-0.25px;word-spacing:0.08px;display:inline;\">defini\u00e7\u00e3o de \u201cde facto agent\u201d e a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1q_40\" style=\"left:684px;bottom:628px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1e_40\" style=\"left:143px;bottom:621px;letter-spacing:-0.3px;display:inline;\">Demonstra\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1i_40\" style=\"left:314px;bottom:621px;letter-spacing:-0.28px;display:inline;\">2025/1331, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1n_40\" style=\"left:410px;bottom:614px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">exemplifica\u00e7\u00e3o de uma situa\u00e7\u00e3o em que essa </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1r_40\" style=\"left:684px;bottom:614px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1f_40\" style=\"left:143px;bottom:608px;letter-spacing:-0.29px;word-spacing:0.12px;display:inline;\">financeiras consolidadas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1j_40\" style=\"left:314px;bottom:608px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 09 de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1o_40\" style=\"left:410px;bottom:600px;letter-spacing:-0.26px;word-spacing:0.08px;display:inline;\">rela\u00e7\u00e3o \u00e9 estabelecida com um investidor. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1s_40\" style=\"left:684px;bottom:600px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1k_40\" style=\"left:314px;bottom:594px;letter-spacing:-0.2px;display:inline;\">julho. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s1_40\" id=\"t1t_40\" style=\"left:143px;bottom:544px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">4. Altera\u00e7\u00f5es \u00e0s normas ainda n\u00e3o endossadas pela Uni\u00e3o Europeia </div>  </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t20_40\" style=\"left:410px;bottom:496px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Esta norma especifica os procedimentos de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t21_40\" style=\"left:410px;bottom:482px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">convers\u00e3o para uma entidade cuja moeda de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t22_40\" style=\"left:410px;bottom:468px;letter-spacing:-0.3px;word-spacing:0.2px;display:inline;\">apresenta\u00e7\u00e3o \u00e9 a de uma economia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t23_40\" style=\"left:410px;bottom:454px;letter-spacing:-0.24px;word-spacing:0.05px;display:inline;\">hiperinflacion\u00e1ria. A entidade aplica as </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t24_40\" style=\"left:410px;bottom:440px;letter-spacing:-0.25px;word-spacing:0.01px;display:inline;\">altera\u00e7\u00f5es se: (i) a sua moeda funcional \u00e9 de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t25_40\" style=\"left:410px;bottom:426px;letter-spacing:-0.26px;word-spacing:0.1px;display:inline;\">uma economia n\u00e3o hiperinflacion\u00e1ria e </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t1u_40\" style=\"left:143px;bottom:419px;letter-spacing:-0.26px;word-spacing:-0.13px;display:inline;\">IAS 21 - Convers\u00e3o para </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t26_40\" style=\"left:410px;bottom:412px;letter-spacing:-0.24px;word-spacing:-0.06px;display:inline;\">estiver a converter os seus resultados e </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2f_40\" style=\"left:684px;bottom:419px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t1v_40\" style=\"left:143px;bottom:405px;letter-spacing:-0.31px;display:inline;\">uma moeda de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1y_40\" style=\"left:314px;bottom:405px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t27_40\" style=\"left:410px;bottom:398px;letter-spacing:-0.24px;word-spacing:-0.04px;display:inline;\">posi\u00e7\u00e3o financeira para a moeda de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2g_40\" style=\"left:684px;bottom:405px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t1w_40\" style=\"left:143px;bottom:391px;letter-spacing:-0.29px;display:inline;\">apresenta\u00e7\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1z_40\" style=\"left:314px;bottom:391px;letter-spacing:-0.24px;display:inline;\">endosso </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t28_40\" style=\"left:410px;bottom:384px;letter-spacing:-0.29px;word-spacing:0.09px;display:inline;\">apresenta\u00e7\u00e3o de uma economia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2h_40\" style=\"left:684px;bottom:391px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1x_40\" style=\"left:143px;bottom:377px;letter-spacing:-0.27px;display:inline;\">hiperinflacion\u00e1ria </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t29_40\" style=\"left:410px;bottom:370px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">hiperinflacion\u00e1ria; (ii) estiver a converter </div></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t2i_40\" style=\"left:684px;bottom:377px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2027. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2a_40\" style=\"left:410px;bottom:356px;letter-spacing:-0.3px;word-spacing:0.14px;display:inline;\">para a moeda de uma economia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2b_40\" style=\"left:410px;bottom:342px;letter-spacing:-0.24px;word-spacing:0.02px;display:inline;\">hiperinflacion\u00e1ria os resultados e a posi\u00e7\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2c_40\" style=\"left:410px;bottom:328px;letter-spacing:-0.27px;word-spacing:0.15px;display:inline;\">financeira de uma opera\u00e7\u00e3o estrangeira cuja </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2d_40\" style=\"left:410px;bottom:314px;letter-spacing:-0.28px;word-spacing:0.05px;display:inline;\">moeda funcional \u00e9 de uma economia n\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2e_40\" style=\"left:410px;bottom:300px;letter-spacing:-0.21px;display:inline;\">hiperinflacion\u00e1ria. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2p_40\" style=\"left:410px;bottom:245px;letter-spacing:-0.26px;word-spacing:0.13px;display:inline;\">Vem substituir a IAS 1, e introduz tr\u00eas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2q_40\" style=\"left:410px;bottom:231px;letter-spacing:-0.27px;word-spacing:0.06px;display:inline;\">conjuntos de novas exig\u00eancias para melhorar </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2r_40\" style=\"left:410px;bottom:217px;letter-spacing:-0.26px;word-spacing:-0.04px;display:inline;\">a divulga\u00e7\u00e3o do desempenho financeiro das </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t2j_40\" style=\"left:143px;bottom:210px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">IFRS 18 - Apresenta\u00e7\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t2s_40\" style=\"left:410px;bottom:203px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">empresas e oferecer aos investidores uma </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2y_40\" style=\"left:684px;bottom:210px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t2k_40\" style=\"left:143px;bottom:196px;letter-spacing:-0.26px;word-spacing:-0.07px;display:inline;\">e divulga\u00e7\u00e3o nas </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2n_40\" style=\"left:314px;bottom:196px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2t_40\" style=\"left:410px;bottom:189px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">base melhor para analisar e comparar as </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2z_40\" style=\"left:684px;bottom:196px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t2l_40\" style=\"left:143px;bottom:182px;letter-spacing:-0.31px;display:inline;\">demonstra\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2o_40\" style=\"left:314px;bottom:182px;letter-spacing:-0.24px;display:inline;\">endosso </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2u_40\" style=\"left:410px;bottom:175px;letter-spacing:-0.26px;word-spacing:0.01px;display:inline;\">empresas: (i) Melhoria da comparabilidade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t30_40\" style=\"left:684px;bottom:182px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t2m_40\" style=\"left:143px;bottom:168px;letter-spacing:-0.23px;display:inline;\">financeiras </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2v_40\" style=\"left:410px;bottom:161px;letter-spacing:-0.28px;word-spacing:0.2px;display:inline;\">da demonstra\u00e7\u00e3o de resultados; (ii) Maior </div></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t31_40\" style=\"left:684px;bottom:168px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2027. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2w_40\" style=\"left:410px;bottom:147px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">transpar\u00eancia nas medi\u00e7\u00f5es do desempenho </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2x_40\" style=\"left:410px;bottom:133px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">da gest\u00e3o; e (iii) Maior granularidade. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr>\n                                        </table><div></div><table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t9_41\" style=\"left:410px;bottom:1064px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">Esta nova norma tem como objetivo </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"ta_41\" style=\"left:410px;bottom:1050px;letter-spacing:-0.23px;word-spacing:-0.01px;display:inline;\">simplificar e reduzir o custo dos relat\u00f3rios </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tb_41\" style=\"left:410px;bottom:1036px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">financeiros das subsidi\u00e1rias, mantendo a </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tc_41\" style=\"left:410px;bottom:1022px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">utilidade de suas demonstra\u00e7\u00f5es financeiras. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"td_41\" style=\"left:410px;bottom:1008px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">S\u00e3o consideradas eleg\u00edveis as entidades que: </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"te_41\" style=\"left:410px;bottom:994px;letter-spacing:-0.25px;word-spacing:-0.01px;display:inline;\">(i) sejam subsidi\u00e1rias de um grupo que </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tf_41\" style=\"left:410px;bottom:980px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">prepara demonstra\u00e7\u00f5es financeiras </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t3_41\" style=\"left:143px;bottom:973px;letter-spacing:-0.28px;word-spacing:0.05px;display:inline;\">IFRS 19 - Subsidi\u00e1rias </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"tg_41\" style=\"left:410px;bottom:966px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">consolidadas para presta\u00e7\u00e3o p\u00fablica; (ii) n\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tq_41\" style=\"left:683px;bottom:973px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_41\" id=\"t4_41\" style=\"left:143px;bottom:960px;letter-spacing:-0.25px;word-spacing:-0.17px;display:inline;\">n\u00e3o sujeitas \u00e0 presta\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"t7_41\" style=\"left:314px;bottom:960px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td>\n\t\t\t<td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"th_41\" style=\"left:410px;bottom:953px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">est\u00e3o obrigadas a prestar informa\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"tr_41\" style=\"left:683px;bottom:960px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t5_41\" style=\"left:143px;bottom:946px;letter-spacing:-0.26px;word-spacing:-0.18px;display:inline;\">p\u00fablica de informa\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t8_41\" style=\"left:314px;bottom:946px;letter-spacing:-0.24px;display:inline;\">endosso </div></td>\n\t\t\t<td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"ti_41\" style=\"left:410px;bottom:939px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">financeira publica. </div></td>\n\t\t\t<td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"ts_41\" style=\"left:683px;bottom:946px;letter-spacing:-0.24px;word-spacing:0.05px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t6_41\" style=\"left:143px;bottom:932px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">financeira: Divulga\u00e7\u00f5es </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"tj_41\" style=\"left:410px;bottom:925px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">As entidades eleg\u00edveis, que constituem </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tt_41\" style=\"left:683px;bottom:932px;letter-spacing:-0.21px;word-spacing:-0.02px;display:inline;\">de 2027. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tk_41\" style=\"left:410px;bottom:911px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">holdings interm\u00e9dias n\u00e3o sujeitas \u00e0 </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tl_41\" style=\"left:410px;bottom:897px;letter-spacing:-0.26px;word-spacing:0.08px;display:inline;\">obriga\u00e7\u00e3o de presta\u00e7\u00e3o p\u00fablica de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tm_41\" style=\"left:410px;bottom:883px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">informa\u00e7\u00e3o financeira, podem aplicar a IFRS </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tn_41\" style=\"left:410px;bottom:869px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">19 nas suas demonstra\u00e7\u00f5es financeiras </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"to_41\" style=\"left:410px;bottom:855px;letter-spacing:-0.28px;word-spacing:0.06px;display:inline;\">separadas, mesmo que n\u00e3o as apliquem nas </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tp_41\" style=\"left:410px;bottom:841px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">demonstra\u00e7\u00f5es financeiras consolidadas. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"ty_41\" style=\"left:410px;bottom:783px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">A IFRS 19 foi alterada para incluir a redu\u00e7\u00e3o </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tz_41\" style=\"left:410px;bottom:769px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">de requisitos de divulga\u00e7\u00e3o relativamente a </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t10_41\" style=\"left:410px;bottom:755px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">novas normas e altera\u00e7\u00f5es \u00e0s normas </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t11_41\" style=\"left:410px;bottom:741px;letter-spacing:-0.27px;word-spacing:0.15px;display:inline;\">decorrentes de projetos que se encontravam </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t12_41\" style=\"left:410px;bottom:727px;letter-spacing:-0.27px;word-spacing:0.05px;display:inline;\">em curso ou em fase de conclus\u00e3o, \u00e0 data da </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t13_41\" style=\"left:410px;bottom:713px;letter-spacing:-0.26px;word-spacing:0.16px;display:inline;\">sua publica\u00e7\u00e3o. As altera\u00e7\u00f5es efetuadas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1g_41\" style=\"left:683px;bottom:713px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t14_41\" style=\"left:410px;bottom:699px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">visam reduzir os requisitos de divulga\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1h_41\" style=\"left:683px;bottom:699px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t15_41\" style=\"left:410px;bottom:685px;letter-spacing:-0.29px;word-spacing:0.21px;display:inline;\">para as altera\u00e7\u00f5es \u00e0s normas e novas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1i_41\" style=\"left:683px;bottom:685px;letter-spacing:-0.24px;word-spacing:0.05px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"tu_41\" style=\"left:143px;bottom:671px;letter-spacing:-0.28px;display:inline;\">IFRS 19 - Altera\u00e7\u00e3o aos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tw_41\" style=\"left:314px;bottom:671px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t16_41\" style=\"left:410px;bottom:671px;letter-spacing:-0.27px;word-spacing:0.08px;display:inline;\">normas emitidas entre fevereiro de 2021 e </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1j_41\" style=\"left:683px;bottom:671px;letter-spacing:-0.29px;word-spacing:0.15px;display:inline;\">de 2027, com a </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"tv_41\" style=\"left:143px;bottom:657px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">requisitos de divulga\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tx_41\" style=\"left:314px;bottom:657px;letter-spacing:-0.24px;display:inline;\">endosso </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t17_41\" style=\"left:410px;bottom:657px;letter-spacing:-0.29px;word-spacing:0.12px;display:inline;\">maio de 2024, nomeadamente: (i) IFRS 18: </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1k_41\" style=\"left:683px;bottom:657px;letter-spacing:-0.25px;word-spacing:0.24px;display:inline;\">exig\u00eancia de </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t18_41\" style=\"left:410px;bottom:643px;letter-spacing:-0.28px;word-spacing:0.18px;display:inline;\">Apresenta\u00e7\u00e3o e divulga\u00e7\u00e3o nas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1l_41\" style=\"left:683px;bottom:643px;letter-spacing:-0.26px;word-spacing:0.24px;display:inline;\">apresenta\u00e7\u00e3o de </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t19_41\" style=\"left:410px;bottom:629px;letter-spacing:-0.24px;word-spacing:0.04px;display:inline;\">demonstra\u00e7\u00f5es financeiras; (ii) Altera\u00e7\u00f5es \u00e0 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1m_41\" style=\"left:683px;bottom:629px;letter-spacing:-0.24px;display:inline;\">informa\u00e7\u00e3o </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1a_41\" style=\"left:410px;bottom:615px;letter-spacing:-0.27px;word-spacing:0.04px;display:inline;\">IAS 7 \u2013 Acordos de financiamento de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1n_41\" style=\"left:683px;bottom:615px;letter-spacing:-0.25px;display:inline;\">comparativa. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1b_41\" style=\"left:410px;bottom:601px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">Fornecedores; (iii) IAS 12 \u2013 Reforma fiscal </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1c_41\" style=\"left:410px;bottom:587px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">internacional \u2013 Regras do modelo do Pilar 2; </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1d_41\" style=\"left:410px;bottom:573px;letter-spacing:-0.26px;word-spacing:0.13px;display:inline;\">(iv) Altera\u00e7\u00f5es \u00e0 IAS 21 \u2013 Efeitos das </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1e_41\" style=\"left:410px;bottom:559px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">altera\u00e7\u00f5es das taxas de c\u00e2mbio: Falta de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1f_41\" style=\"left:410px;bottom:545px;letter-spacing:-0.24px;display:inline;\">permutabilidade. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\n</table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00194": {
   "value": "<span>4. </span><div class=\"t s2_39\" id=\"t4_39\" style=\"left:167px;bottom:1086px;letter-spacing:0.2px;word-spacing:-0.1px;display:inline;\">Altera\u00e7\u00f5es nas pol\u00edticas contabil\u00edsticas </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t6_39\" style=\"left:314px;bottom:1053px;letter-spacing:-0.32px;display:inline;\">Regulamento </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t7_39\" style=\"left:314px;bottom:1039px;letter-spacing:-0.29px;word-spacing:0.03px;display:inline;\">de Endosso </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"ta_39\" style=\"left:410px;bottom:1032px;letter-spacing:-0.25px;display:inline;\">Altera\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tb_39\" style=\"left:694px;bottom:1032px;letter-spacing:-0.24px;word-spacing:-0.25px;display:inline;\">Data efetiva </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t5_39\" style=\"left:190px;bottom:1032px;letter-spacing:-0.26px;display:inline;\">Descri\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t8_39\" style=\"left:314px;bottom:1025px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">pela Uni\u00e3o </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t9_39\" style=\"left:314px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">Europeia </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s3_39\" id=\"tc_39\" style=\"left:143px;bottom:990px;letter-spacing:-0.28px;word-spacing:-0.05px;display:inline;\">1. Altera\u00e7\u00f5es \u00e0s normas que se tornaram efetivas a 1 de janeiro de 2025 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"td_39\" style=\"left:143px;bottom:964px;letter-spacing:-0.24px;word-spacing:-0.14px;display:inline;\">IAS 21 - Os efeitos das </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tp_39\" style=\"left:410px;bottom:957px;letter-spacing:-0.24px;word-spacing:0.06px;display:inline;\">A altera\u00e7\u00e3o veio clarificar as circunst\u00e2ncias </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"te_39\" style=\"left:143px;bottom:950px;letter-spacing:-0.31px;word-spacing:0.02px;display:inline;\">mudan\u00e7as nas taxas de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tk_39\" style=\"left:314px;bottom:950px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tq_39\" style=\"left:410px;bottom:943px;letter-spacing:-0.3px;word-spacing:0.09px;display:inline;\">em que se considera que uma moeda \u00e9 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tv_39\" style=\"left:684px;bottom:943px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tf_39\" style=\"left:143px;bottom:936px;letter-spacing:-0.27px;display:inline;\">c\u00e2mbio </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tl_39\" style=\"left:314px;bottom:936px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tr_39\" style=\"left:410px;bottom:929px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">pass\u00edvel de troca e como deve ser </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tw_39\" style=\"left:684px;bottom:929px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tg_39\" style=\"left:143px;bottom:922px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">'Efeitos das altera\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tm_39\" style=\"left:314px;bottom:922px;letter-spacing:-0.28px;display:inline;\">2024/2862, </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"ts_39\" style=\"left:410px;bottom:915px;letter-spacing:-0.26px;display:inline;\">determinada a taxa de c\u00e2mbio \u00e0 vista </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tx_39\" style=\"left:684px;bottom:915px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"th_39\" style=\"left:143px;bottom:908px;letter-spacing:-0.27px;word-spacing:-0.04px;display:inline;\">das taxas de c\u00e2mbio: </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tn_39\" style=\"left:314px;bottom:908px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 12 de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tt_39\" style=\"left:410px;bottom:901px;letter-spacing:-0.26px;word-spacing:0.07px;display:inline;\">quando se verifica a falta de permutabilidade </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"ty_39\" style=\"left:684px;bottom:901px;letter-spacing:-0.27px;word-spacing:0.04px;display:inline;\">de 2025 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"ti_39\" style=\"left:143px;bottom:894px;letter-spacing:-0.23px;word-spacing:0.01px;display:inline;\">falta de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"to_39\" style=\"left:314px;bottom:894px;letter-spacing:-0.28px;display:inline;\">novembro </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"tu_39\" style=\"left:410px;bottom:887px;letter-spacing:-0.27px;display:inline;\">de uma moeda, por um per\u00edodo longo. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"tj_39\" style=\"left:143px;bottom:880px;letter-spacing:-0.31px;display:inline;\">permutabilidade' </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s3_39\" id=\"tz_39\" style=\"left:143px;bottom:848px;letter-spacing:-0.29px;word-spacing:-0.01px;display:inline;\">2. Altera\u00e7\u00f5es \u00e0s normas que se tornam efetivas, em ou ap\u00f3s 1 de janeiro de 2026 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1d_39\" style=\"left:410px;bottom:822px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">As altera\u00e7\u00f5es efetuadas referem a: (i) </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1e_39\" style=\"left:410px;bottom:808px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">clarifica\u00e7\u00e3o do conceito de data de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t10_39\" style=\"left:143px;bottom:787px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 9 - Instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1f_39\" style=\"left:410px;bottom:794px;letter-spacing:-0.28px;word-spacing:0.09px;display:inline;\">reconhecimento e desreconhecimento de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t11_39\" style=\"left:143px;bottom:773px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">financeiros e IFRS 7- </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1g_39\" style=\"left:410px;bottom:780px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">alguns ativos e passivos financeiros; (ii) </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t12_39\" style=\"left:143px;bottom:759px;letter-spacing:-0.3px;display:inline;\">Instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1h_39\" style=\"left:410px;bottom:766px;letter-spacing:-0.25px;word-spacing:0.1px;display:inline;\">clarifica\u00e7\u00e3o e exemplifica\u00e7\u00e3o sobre quando </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t13_39\" style=\"left:143px;bottom:745px;letter-spacing:-0.27px;word-spacing:-0.12px;display:inline;\">financeiros: Divulga\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t19_39\" style=\"left:314px;bottom:751px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1i_39\" style=\"left:410px;bottom:752px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">um ativo financeiro cumpre com o crit\u00e9rio de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1r_39\" style=\"left:684px;bottom:752px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t14_39\" style=\"left:143px;bottom:731px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">'Altera\u00e7\u00e3o \u00e0 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1a_39\" style=\"left:314px;bottom:736px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1j_39\" style=\"left:410px;bottom:738px;letter-spacing:-0.24px;word-spacing:-0.09px;display:inline;\">os cash flows contratuais corresponderem; </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1s_39\" style=\"left:684px;bottom:738px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t15_39\" style=\"left:143px;bottom:717px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">classifica\u00e7\u00e3o e </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1b_39\" style=\"left:314px;bottom:722px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">2025/1047, de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1k_39\" style=\"left:410px;bottom:724px;letter-spacing:-0.24px;word-spacing:0.04px;display:inline;\">(iii) novos requisitos de divulga\u00e7\u00e3o para </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1t_39\" style=\"left:684px;bottom:724px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t16_39\" style=\"left:143px;bottom:703px;letter-spacing:-0.31px;word-spacing:-0.11px;display:inline;\">mensura\u00e7\u00e3o de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1c_39\" style=\"left:314px;bottom:707px;letter-spacing:-0.3px;word-spacing:0.17px;display:inline;\">27 de maio </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1l_39\" style=\"left:410px;bottom:710px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">instrumentos com termos contratuais que </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1u_39\" style=\"left:684px;bottom:710px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t17_39\" style=\"left:143px;bottom:689px;letter-spacing:-0.29px;display:inline;\">instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1m_39\" style=\"left:410px;bottom:696px;letter-spacing:-0.26px;display:inline;\">podem alterar os fluxos de caixa em termos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t18_39\" style=\"left:143px;bottom:675px;letter-spacing:-0.25px;display:inline;\">financeiros' </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1n_39\" style=\"left:410px;bottom:682px;letter-spacing:-0.25px;word-spacing:0.05px;display:inline;\">de per\u00edodo e valor; e (iv) novas divulga\u00e7\u00f5es </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1o_39\" style=\"left:410px;bottom:668px;letter-spacing:-0.26px;word-spacing:0.09px;display:inline;\">exigidas para os instrumentos de capital </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1p_39\" style=\"left:410px;bottom:654px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">designados ao justo valor atrav\u00e9s do outro </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t1q_39\" style=\"left:410px;bottom:640px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">rendimento integral. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1v_39\" style=\"left:143px;bottom:626px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 9 - Instrumentos </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1w_39\" style=\"left:143px;bottom:612px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">financeiros e IFRS 7- </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1x_39\" style=\"left:143px;bottom:598px;letter-spacing:-0.3px;display:inline;\">Instrumentos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t24_39\" style=\"left:321px;bottom:605px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t29_39\" style=\"left:410px;bottom:605px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">As altera\u00e7\u00f5es efetuadas referem a: (i) </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1y_39\" style=\"left:143px;bottom:584px;letter-spacing:-0.27px;word-spacing:-0.12px;display:inline;\">financeiros: Divulga\u00e7\u00f5es </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t25_39\" style=\"left:321px;bottom:590px;letter-spacing:-0.28px;word-spacing:0.28px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2a_39\" style=\"left:410px;bottom:591px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">clarifica\u00e7\u00e3o da aplica\u00e7\u00e3o da isen\u00e7\u00e3o do \u201cuso </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2f_39\" style=\"left:684px;bottom:591px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t1z_39\" style=\"left:143px;bottom:570px;letter-spacing:-0.29px;word-spacing:-0.11px;display:inline;\">'Contratos negociados </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t26_39\" style=\"left:321px;bottom:575px;letter-spacing:-0.26px;display:inline;\">2025/1266, </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2b_39\" style=\"left:410px;bottom:577px;letter-spacing:-0.25px;word-spacing:0.09px;display:inline;\">pr\u00f3prio\u201d estabelecidos na IFRS 9; (ii) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2g_39\" style=\"left:684px;bottom:577px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t20_39\" style=\"left:143px;bottom:556px;letter-spacing:-0.28px;display:inline;\">com refer\u00eancia a </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t27_39\" style=\"left:321px;bottom:560px;letter-spacing:-0.23px;word-spacing:0.01px;display:inline;\">de 30 de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2c_39\" style=\"left:410px;bottom:563px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">permiss\u00e3o de designa\u00e7\u00e3o como instrumento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2h_39\" style=\"left:684px;bottom:563px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t21_39\" style=\"left:143px;bottom:542px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">eletricidade gerada a </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t28_39\" style=\"left:321px;bottom:544px;letter-spacing:-0.25px;display:inline;\">junho </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2d_39\" style=\"left:410px;bottom:549px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">de cobertura'; e (iii) novos requisitos de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2i_39\" style=\"left:684px;bottom:549px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t22_39\" style=\"left:143px;bottom:528px;letter-spacing:-0.26px;word-spacing:0.01px;display:inline;\">partir de fontes </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2e_39\" style=\"left:410px;bottom:535px;letter-spacing:-0.24px;display:inline;\">divulga\u00e7\u00e3o da IFRS 7. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t23_39\" style=\"left:143px;bottom:514px;letter-spacing:-0.28px;display:inline;\">renov\u00e1veis' </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s3_39\" id=\"t2j_39\" style=\"left:143px;bottom:495px;letter-spacing:-0.29px;word-spacing:-0.01px;display:inline;\">3. Altera\u00e7\u00f5es \u00e0s normas que se tornam efetivas, em ou ap\u00f3s 1 de janeiro de 2026 - Melhorias </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t2k_39\" style=\"left:143px;bottom:481px;letter-spacing:-0.23px;display:inline;\">Anuais </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2r_39\" style=\"left:410px;bottom:461px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">Esta melhoria vem clarificar, relativamente \u00e0 </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2s_39\" style=\"left:410px;bottom:447px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">contabilidade de cobertura, que as </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2t_39\" style=\"left:410px;bottom:434px;letter-spacing:-0.26px;word-spacing:0.04px;display:inline;\">coberturas j\u00e1 existentes no GAAP anterior </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2n_39\" style=\"left:314px;bottom:419px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2u_39\" style=\"left:410px;bottom:419px;letter-spacing:-0.25px;word-spacing:-0.01px;display:inline;\">t\u00eam de ser eleg\u00edveis e de cumprir com os </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t32_39\" style=\"left:684px;bottom:412px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t2l_39\" style=\"left:143px;bottom:407px;letter-spacing:-0.26px;word-spacing:-0.06px;display:inline;\">IAS 1 - Ado\u00e7\u00e3o pela </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2o_39\" style=\"left:314px;bottom:404px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2v_39\" style=\"left:410px;bottom:405px;letter-spacing:-0.23px;word-spacing:-0.01px;display:inline;\">crit\u00e9rios de qualifica\u00e7\u00e3o da IFRS 9 para </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t33_39\" style=\"left:684px;bottom:399px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t2m_39\" style=\"left:143px;bottom:392px;letter-spacing:-0.27px;word-spacing:-0.29px;display:inline;\">primeira vez das IFRS </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2p_39\" style=\"left:314px;bottom:389px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">2025/1331, de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2w_39\" style=\"left:410px;bottom:392px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">serem mantidas. Caso contr\u00e1rio tem de ser </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t34_39\" style=\"left:684px;bottom:385px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2q_39\" style=\"left:314px;bottom:374px;letter-spacing:-0.25px;word-spacing:-0.32px;display:inline;\">09 de julho. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2x_39\" style=\"left:410px;bottom:378px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">registada a descontinua\u00e7\u00e3o da contabilidade </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t35_39\" style=\"left:684px;bottom:370px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2y_39\" style=\"left:410px;bottom:364px;letter-spacing:-0.26px;word-spacing:0.09px;display:inline;\">de cobertura. N\u00e3o \u00e9 permitido designar </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t2z_39\" style=\"left:410px;bottom:350px;letter-spacing:-0.26px;word-spacing:0.02px;display:inline;\">retrospetivamente como contabilidade de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t30_39\" style=\"left:410px;bottom:336px;letter-spacing:-0.25px;word-spacing:-0.04px;display:inline;\">cobertura transa\u00e7\u00f5es ocorridas antes da data </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t31_39\" style=\"left:410px;bottom:322px;letter-spacing:-0.23px;word-spacing:0.22px;display:inline;\">de transi\u00e7\u00e3o. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3j_39\" style=\"left:691px;bottom:307px;letter-spacing:-0.23px;display:inline;\">Per\u00edodos </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3c_39\" style=\"left:410px;bottom:291px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">Esta melhoria refere-se ao alinhamento de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3k_39\" style=\"left:691px;bottom:292px;letter-spacing:-0.26px;display:inline;\">anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t38_39\" style=\"left:314px;bottom:277px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3d_39\" style=\"left:410px;bottom:277px;letter-spacing:-0.28px;word-spacing:0.06px;display:inline;\">designa\u00e7\u00e3o dos m\u00e9todos de mensura\u00e7\u00e3o dos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3l_39\" style=\"left:691px;bottom:277px;letter-spacing:-0.16px;display:inline;\">com </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t36_39\" style=\"left:143px;bottom:265px;letter-spacing:-0.3px;word-spacing:0.01px;display:inline;\">IAS 7 - Demonstra\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t39_39\" style=\"left:314px;bottom:262px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3e_39\" style=\"left:410px;bottom:263px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">investimentos em subsidi\u00e1rias, associadas e </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3m_39\" style=\"left:691px;bottom:262px;letter-spacing:-0.23px;word-spacing:0.12px;display:inline;\">in\u00edcio em </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_39\" id=\"t37_39\" style=\"left:143px;bottom:250px;letter-spacing:-0.3px;word-spacing:0.14px;display:inline;\">dos fluxos de caixa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3a_39\" style=\"left:314px;bottom:247px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">2025/1331, de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3f_39\" style=\"left:410px;bottom:249px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">empreendimentos conjuntos, com a IAS 27, </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3n_39\" style=\"left:691px;bottom:247px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">ou ap\u00f3s </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3b_39\" style=\"left:314px;bottom:232px;letter-spacing:-0.25px;word-spacing:0.15px;display:inline;\">09 de julho. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3g_39\" style=\"left:410px;bottom:235px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">com a substitui\u00e7\u00e3o da refer\u00eancia ao \u2018m\u00e9todo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3o_39\" style=\"left:691px;bottom:232px;letter-spacing:-0.09px;word-spacing:-0.25px;display:inline;\">1 de </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3h_39\" style=\"left:410px;bottom:221px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">do custo\u2019 ainda presente na IAS 7, por </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3p_39\" style=\"left:691px;bottom:217px;letter-spacing:-0.2px;display:inline;\">janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3i_39\" style=\"left:410px;bottom:207px;letter-spacing:-0.17px;display:inline;\">\u201ccusto\u201d. </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_39\" id=\"t3q_39\" style=\"left:691px;bottom:202px;letter-spacing:-0.23px;display:inline;\">de 2026. </div></td>\n\t\t</tr>\n\t\n</table><div></div>\n <table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ta_40\" style=\"left:410px;bottom:1068px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">Esta melhorias pretendem: (i) alinhamento </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tb_40\" style=\"left:410px;bottom:1054px;letter-spacing:-0.26px;word-spacing:0.04px;display:inline;\">de conceitos entre a IFRS 7 e a IFRS 13, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tc_40\" style=\"left:410px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.04px;display:inline;\">relativamente \u00e0 designa\u00e7\u00e3o dos \u201cinputs n\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t5_40\" style=\"left:314px;bottom:1034px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"td_40\" style=\"left:410px;bottom:1027px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">observ\u00e1veis\u201d utilizados na determina\u00e7\u00e3o do </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tk_40\" style=\"left:684px;bottom:1027px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t3_40\" style=\"left:143px;bottom:1013px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 7 - Instrumentos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t6_40\" style=\"left:314px;bottom:1019px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"te_40\" style=\"left:410px;bottom:1013px;letter-spacing:-0.26px;word-spacing:0.16px;display:inline;\">justo valor; (ii) clarifica\u00e7\u00e3o de que o guia de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tl_40\" style=\"left:684px;bottom:1013px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t4_40\" style=\"left:143px;bottom:999px;letter-spacing:-0.27px;word-spacing:-0.12px;display:inline;\">financeiros: divulga\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t7_40\" style=\"left:314px;bottom:1006px;letter-spacing:-0.28px;display:inline;\">2025/1331, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tf_40\" style=\"left:410px;bottom:999px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">implementa\u00e7\u00e3o n\u00e3o contempla todos os </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tm_40\" style=\"left:684px;bottom:999px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t8_40\" style=\"left:314px;bottom:992px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 09 de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tg_40\" style=\"left:410px;bottom:985px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">requisitos de divulga\u00e7\u00e3o da IFRS 7, entre </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tn_40\" style=\"left:684px;bottom:985px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t9_40\" style=\"left:314px;bottom:978px;letter-spacing:-0.2px;display:inline;\">julho. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"th_40\" style=\"left:410px;bottom:971px;letter-spacing:-0.26px;word-spacing:0.09px;display:inline;\">eles a divulga\u00e7\u00e3o do risco de cr\u00e9dito para </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ti_40\" style=\"left:410px;bottom:957px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">ativos adquiridos ou originados com perda de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tj_40\" style=\"left:410px;bottom:943px;letter-spacing:-0.23px;display:inline;\">imparidade. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tv_40\" style=\"left:410px;bottom:888px;letter-spacing:-0.25px;word-spacing:0.11px;display:inline;\">Estas melhorias referem-se: (i) clarifica\u00e7\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tw_40\" style=\"left:410px;bottom:874px;letter-spacing:-0.25px;word-spacing:0.11px;display:inline;\">sobre a aplica\u00e7\u00e3o dos princ\u00edpios do </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tx_40\" style=\"left:410px;bottom:860px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">desreconhecimento de um passivo </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ty_40\" style=\"left:410px;bottom:846px;letter-spacing:-0.25px;word-spacing:0.07px;display:inline;\">financeiros aos passivos de loca\u00e7\u00e3o, ou seja, </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tz_40\" style=\"left:410px;bottom:832px;letter-spacing:-0.27px;word-spacing:0.15px;display:inline;\">quando os fluxos de caixa contratuais s\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tq_40\" style=\"left:314px;bottom:825px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t10_40\" style=\"left:410px;bottom:818px;letter-spacing:-0.27px;word-spacing:0.04px;display:inline;\">extintos, com o apuramento da mais ou </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t19_40\" style=\"left:684px;bottom:818px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"to_40\" style=\"left:143px;bottom:804px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">IFRS 9 - Instrumentos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tr_40\" style=\"left:314px;bottom:811px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t11_40\" style=\"left:410px;bottom:804px;letter-spacing:-0.27px;word-spacing:0.17px;display:inline;\">menos valia em resultados; (ii) elimina\u00e7\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1a_40\" style=\"left:684px;bottom:804px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"tp_40\" style=\"left:143px;bottom:790px;letter-spacing:-0.26px;display:inline;\">financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"ts_40\" style=\"left:314px;bottom:797px;letter-spacing:-0.28px;display:inline;\">2025/1331, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t12_40\" style=\"left:410px;bottom:790px;letter-spacing:-0.27px;word-spacing:0.12px;display:inline;\">da inconsist\u00eancia com a IFRS 15 relativa ao </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1b_40\" style=\"left:684px;bottom:790px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tt_40\" style=\"left:314px;bottom:784px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 09 de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t13_40\" style=\"left:410px;bottom:776px;letter-spacing:-0.27px;word-spacing:0.16px;display:inline;\">reconhecimento inicial de uma conta a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1c_40\" style=\"left:684px;bottom:776px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"tu_40\" style=\"left:314px;bottom:770px;letter-spacing:-0.2px;display:inline;\">julho. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t14_40\" style=\"left:410px;bottom:762px;letter-spacing:-0.29px;word-spacing:0.14px;display:inline;\">receber no \u00e2mbito da IFRS 15, que n\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t15_40\" style=\"left:410px;bottom:748px;letter-spacing:-0.27px;word-spacing:-0.01px;display:inline;\">tenha uma componente de financiamento </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t16_40\" style=\"left:410px;bottom:735px;letter-spacing:-0.23px;display:inline;\">significativa, a qual deve ser registada pelo </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t17_40\" style=\"left:410px;bottom:721px;letter-spacing:-0.28px;word-spacing:0.13px;display:inline;\">valor estimado do pre\u00e7o, conforme a IFRS 15 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t18_40\" style=\"left:410px;bottom:707px;letter-spacing:-0.25px;word-spacing:0.14px;display:inline;\">e n\u00e3o ao justo valor. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1g_40\" style=\"left:314px;bottom:649px;letter-spacing:-0.27px;display:inline;\">Regulamento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1l_40\" style=\"left:410px;bottom:642px;letter-spacing:-0.25px;word-spacing:0.09px;display:inline;\">Esta melhoria refere-se \u00e0 simplifica\u00e7\u00e3o da </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1p_40\" style=\"left:684px;bottom:642px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1d_40\" style=\"left:143px;bottom:635px;letter-spacing:-0.23px;word-spacing:-0.15px;display:inline;\">IFRS 10 \u2013 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1h_40\" style=\"left:314px;bottom:635px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">(UE) N.\u00ba </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1m_40\" style=\"left:410px;bottom:628px;letter-spacing:-0.25px;word-spacing:0.08px;display:inline;\">defini\u00e7\u00e3o de \u201cde facto agent\u201d e a </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1q_40\" style=\"left:684px;bottom:628px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1e_40\" style=\"left:143px;bottom:621px;letter-spacing:-0.3px;display:inline;\">Demonstra\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1i_40\" style=\"left:314px;bottom:621px;letter-spacing:-0.28px;display:inline;\">2025/1331, </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1n_40\" style=\"left:410px;bottom:614px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">exemplifica\u00e7\u00e3o de uma situa\u00e7\u00e3o em que essa </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1r_40\" style=\"left:684px;bottom:614px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1f_40\" style=\"left:143px;bottom:608px;letter-spacing:-0.29px;word-spacing:0.12px;display:inline;\">financeiras consolidadas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1j_40\" style=\"left:314px;bottom:608px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">de 09 de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1o_40\" style=\"left:410px;bottom:600px;letter-spacing:-0.26px;word-spacing:0.08px;display:inline;\">rela\u00e7\u00e3o \u00e9 estabelecida com um investidor. </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1s_40\" style=\"left:684px;bottom:600px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2026. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1k_40\" style=\"left:314px;bottom:594px;letter-spacing:-0.2px;display:inline;\">julho. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"4\" rowspan=\"1\" style=\"text-align: left;\"><div class=\"t s1_40\" id=\"t1t_40\" style=\"left:143px;bottom:544px;letter-spacing:-0.28px;word-spacing:-0.06px;display:inline;\">4. Altera\u00e7\u00f5es \u00e0s normas ainda n\u00e3o endossadas pela Uni\u00e3o Europeia </div>  </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t20_40\" style=\"left:410px;bottom:496px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Esta norma especifica os procedimentos de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t21_40\" style=\"left:410px;bottom:482px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">convers\u00e3o para uma entidade cuja moeda de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t22_40\" style=\"left:410px;bottom:468px;letter-spacing:-0.3px;word-spacing:0.2px;display:inline;\">apresenta\u00e7\u00e3o \u00e9 a de uma economia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t23_40\" style=\"left:410px;bottom:454px;letter-spacing:-0.24px;word-spacing:0.05px;display:inline;\">hiperinflacion\u00e1ria. A entidade aplica as </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t24_40\" style=\"left:410px;bottom:440px;letter-spacing:-0.25px;word-spacing:0.01px;display:inline;\">altera\u00e7\u00f5es se: (i) a sua moeda funcional \u00e9 de </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t25_40\" style=\"left:410px;bottom:426px;letter-spacing:-0.26px;word-spacing:0.1px;display:inline;\">uma economia n\u00e3o hiperinflacion\u00e1ria e </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t1u_40\" style=\"left:143px;bottom:419px;letter-spacing:-0.26px;word-spacing:-0.13px;display:inline;\">IAS 21 - Convers\u00e3o para </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t26_40\" style=\"left:410px;bottom:412px;letter-spacing:-0.24px;word-spacing:-0.06px;display:inline;\">estiver a converter os seus resultados e </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2f_40\" style=\"left:684px;bottom:419px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t1v_40\" style=\"left:143px;bottom:405px;letter-spacing:-0.31px;display:inline;\">uma moeda de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1y_40\" style=\"left:314px;bottom:405px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t27_40\" style=\"left:410px;bottom:398px;letter-spacing:-0.24px;word-spacing:-0.04px;display:inline;\">posi\u00e7\u00e3o financeira para a moeda de </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2g_40\" style=\"left:684px;bottom:405px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t1w_40\" style=\"left:143px;bottom:391px;letter-spacing:-0.29px;display:inline;\">apresenta\u00e7\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t1z_40\" style=\"left:314px;bottom:391px;letter-spacing:-0.24px;display:inline;\">endosso </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t28_40\" style=\"left:410px;bottom:384px;letter-spacing:-0.29px;word-spacing:0.09px;display:inline;\">apresenta\u00e7\u00e3o de uma economia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2h_40\" style=\"left:684px;bottom:391px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t1x_40\" style=\"left:143px;bottom:377px;letter-spacing:-0.27px;display:inline;\">hiperinflacion\u00e1ria </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t29_40\" style=\"left:410px;bottom:370px;letter-spacing:-0.23px;word-spacing:-0.02px;display:inline;\">hiperinflacion\u00e1ria; (ii) estiver a converter </div></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t2i_40\" style=\"left:684px;bottom:377px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2027. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2a_40\" style=\"left:410px;bottom:356px;letter-spacing:-0.3px;word-spacing:0.14px;display:inline;\">para a moeda de uma economia </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2b_40\" style=\"left:410px;bottom:342px;letter-spacing:-0.24px;word-spacing:0.02px;display:inline;\">hiperinflacion\u00e1ria os resultados e a posi\u00e7\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2c_40\" style=\"left:410px;bottom:328px;letter-spacing:-0.27px;word-spacing:0.15px;display:inline;\">financeira de uma opera\u00e7\u00e3o estrangeira cuja </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2d_40\" style=\"left:410px;bottom:314px;letter-spacing:-0.28px;word-spacing:0.05px;display:inline;\">moeda funcional \u00e9 de uma economia n\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2e_40\" style=\"left:410px;bottom:300px;letter-spacing:-0.21px;display:inline;\">hiperinflacion\u00e1ria. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2p_40\" style=\"left:410px;bottom:245px;letter-spacing:-0.26px;word-spacing:0.13px;display:inline;\">Vem substituir a IAS 1, e introduz tr\u00eas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2q_40\" style=\"left:410px;bottom:231px;letter-spacing:-0.27px;word-spacing:0.06px;display:inline;\">conjuntos de novas exig\u00eancias para melhorar </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2r_40\" style=\"left:410px;bottom:217px;letter-spacing:-0.26px;word-spacing:-0.04px;display:inline;\">a divulga\u00e7\u00e3o do desempenho financeiro das </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t2j_40\" style=\"left:143px;bottom:210px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">IFRS 18 - Apresenta\u00e7\u00e3o </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t2s_40\" style=\"left:410px;bottom:203px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">empresas e oferecer aos investidores uma </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2y_40\" style=\"left:684px;bottom:210px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Per\u00edodos anuais </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t2k_40\" style=\"left:143px;bottom:196px;letter-spacing:-0.26px;word-spacing:-0.07px;display:inline;\">e divulga\u00e7\u00e3o nas </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2n_40\" style=\"left:314px;bottom:196px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2t_40\" style=\"left:410px;bottom:189px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">base melhor para analisar e comparar as </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2z_40\" style=\"left:684px;bottom:196px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_40\" id=\"t2l_40\" style=\"left:143px;bottom:182px;letter-spacing:-0.31px;display:inline;\">demonstra\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2o_40\" style=\"left:314px;bottom:182px;letter-spacing:-0.24px;display:inline;\">endosso </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2u_40\" style=\"left:410px;bottom:175px;letter-spacing:-0.26px;word-spacing:0.01px;display:inline;\">empresas: (i) Melhoria da comparabilidade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t30_40\" style=\"left:684px;bottom:182px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">ap\u00f3s 1 de janeiro </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_40\" id=\"t2m_40\" style=\"left:143px;bottom:168px;letter-spacing:-0.23px;display:inline;\">financeiras </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2v_40\" style=\"left:410px;bottom:161px;letter-spacing:-0.28px;word-spacing:0.2px;display:inline;\">da demonstra\u00e7\u00e3o de resultados; (ii) Maior </div></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_40\" id=\"t31_40\" style=\"left:684px;bottom:168px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">de 2027. </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2w_40\" style=\"left:410px;bottom:147px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">transpar\u00eancia nas medi\u00e7\u00f5es do desempenho </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_40\" id=\"t2x_40\" style=\"left:410px;bottom:133px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">da gest\u00e3o; e (iii) Maior granularidade. </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr>\n                                        </table><div></div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t9_41\" style=\"left:410px;bottom:1064px;letter-spacing:-0.27px;word-spacing:0.01px;display:inline;\">Esta nova norma tem como objetivo </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"ta_41\" style=\"left:410px;bottom:1050px;letter-spacing:-0.23px;word-spacing:-0.01px;display:inline;\">simplificar e reduzir o custo dos relat\u00f3rios </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tb_41\" style=\"left:410px;bottom:1036px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">financeiros das subsidi\u00e1rias, mantendo a </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tc_41\" style=\"left:410px;bottom:1022px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">utilidade de suas demonstra\u00e7\u00f5es financeiras. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"td_41\" style=\"left:410px;bottom:1008px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">S\u00e3o consideradas eleg\u00edveis as entidades que: </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"te_41\" style=\"left:410px;bottom:994px;letter-spacing:-0.25px;word-spacing:-0.01px;display:inline;\">(i) sejam subsidi\u00e1rias de um grupo que </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tf_41\" style=\"left:410px;bottom:980px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">prepara demonstra\u00e7\u00f5es financeiras </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t3_41\" style=\"left:143px;bottom:973px;letter-spacing:-0.28px;word-spacing:0.05px;display:inline;\">IFRS 19 - Subsidi\u00e1rias </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"tg_41\" style=\"left:410px;bottom:966px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">consolidadas para presta\u00e7\u00e3o p\u00fablica; (ii) n\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tq_41\" style=\"left:683px;bottom:973px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s1_41\" id=\"t4_41\" style=\"left:143px;bottom:960px;letter-spacing:-0.25px;word-spacing:-0.17px;display:inline;\">n\u00e3o sujeitas \u00e0 presta\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"t7_41\" style=\"left:314px;bottom:960px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td>\n\t\t\t<td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"th_41\" style=\"left:410px;bottom:953px;letter-spacing:-0.26px;word-spacing:0.05px;display:inline;\">est\u00e3o obrigadas a prestar informa\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"tr_41\" style=\"left:683px;bottom:960px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t5_41\" style=\"left:143px;bottom:946px;letter-spacing:-0.26px;word-spacing:-0.18px;display:inline;\">p\u00fablica de informa\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t8_41\" style=\"left:314px;bottom:946px;letter-spacing:-0.24px;display:inline;\">endosso </div></td>\n\t\t\t<td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"ti_41\" style=\"left:410px;bottom:939px;letter-spacing:-0.21px;word-spacing:-0.13px;display:inline;\">financeira publica. </div></td>\n\t\t\t<td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"ts_41\" style=\"left:683px;bottom:946px;letter-spacing:-0.24px;word-spacing:0.05px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t6_41\" style=\"left:143px;bottom:932px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">financeira: Divulga\u00e7\u00f5es </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_41\" id=\"tj_41\" style=\"left:410px;bottom:925px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">As entidades eleg\u00edveis, que constituem </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tt_41\" style=\"left:683px;bottom:932px;letter-spacing:-0.21px;word-spacing:-0.02px;display:inline;\">de 2027. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tk_41\" style=\"left:410px;bottom:911px;letter-spacing:-0.27px;word-spacing:0.14px;display:inline;\">holdings interm\u00e9dias n\u00e3o sujeitas \u00e0 </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tl_41\" style=\"left:410px;bottom:897px;letter-spacing:-0.26px;word-spacing:0.08px;display:inline;\">obriga\u00e7\u00e3o de presta\u00e7\u00e3o p\u00fablica de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tm_41\" style=\"left:410px;bottom:883px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">informa\u00e7\u00e3o financeira, podem aplicar a IFRS </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tn_41\" style=\"left:410px;bottom:869px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">19 nas suas demonstra\u00e7\u00f5es financeiras </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"to_41\" style=\"left:410px;bottom:855px;letter-spacing:-0.28px;word-spacing:0.06px;display:inline;\">separadas, mesmo que n\u00e3o as apliquem nas </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tp_41\" style=\"left:410px;bottom:841px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">demonstra\u00e7\u00f5es financeiras consolidadas. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"ty_41\" style=\"left:410px;bottom:783px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">A IFRS 19 foi alterada para incluir a redu\u00e7\u00e3o </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tz_41\" style=\"left:410px;bottom:769px;letter-spacing:-0.25px;word-spacing:0.04px;display:inline;\">de requisitos de divulga\u00e7\u00e3o relativamente a </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t10_41\" style=\"left:410px;bottom:755px;letter-spacing:-0.27px;word-spacing:0.11px;display:inline;\">novas normas e altera\u00e7\u00f5es \u00e0s normas </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t11_41\" style=\"left:410px;bottom:741px;letter-spacing:-0.27px;word-spacing:0.15px;display:inline;\">decorrentes de projetos que se encontravam </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t12_41\" style=\"left:410px;bottom:727px;letter-spacing:-0.27px;word-spacing:0.05px;display:inline;\">em curso ou em fase de conclus\u00e3o, \u00e0 data da </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t13_41\" style=\"left:410px;bottom:713px;letter-spacing:-0.26px;word-spacing:0.16px;display:inline;\">sua publica\u00e7\u00e3o. As altera\u00e7\u00f5es efetuadas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1g_41\" style=\"left:683px;bottom:713px;letter-spacing:-0.25px;word-spacing:0.12px;display:inline;\">Per\u00edodos anuais </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t14_41\" style=\"left:410px;bottom:699px;letter-spacing:-0.25px;word-spacing:0.02px;display:inline;\">visam reduzir os requisitos de divulga\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1h_41\" style=\"left:683px;bottom:699px;letter-spacing:-0.28px;word-spacing:0.19px;display:inline;\">com in\u00edcio em ou </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t15_41\" style=\"left:410px;bottom:685px;letter-spacing:-0.29px;word-spacing:0.21px;display:inline;\">para as altera\u00e7\u00f5es \u00e0s normas e novas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1i_41\" style=\"left:683px;bottom:685px;letter-spacing:-0.24px;word-spacing:0.05px;display:inline;\">ap\u00f3s 1 de janeiro </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"tu_41\" style=\"left:143px;bottom:671px;letter-spacing:-0.28px;display:inline;\">IFRS 19 - Altera\u00e7\u00e3o aos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tw_41\" style=\"left:314px;bottom:671px;letter-spacing:-0.27px;word-spacing:0.03px;display:inline;\">Pendente de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t16_41\" style=\"left:410px;bottom:671px;letter-spacing:-0.27px;word-spacing:0.08px;display:inline;\">normas emitidas entre fevereiro de 2021 e </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1j_41\" style=\"left:683px;bottom:671px;letter-spacing:-0.29px;word-spacing:0.15px;display:inline;\">de 2027, com a </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"tv_41\" style=\"left:143px;bottom:657px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">requisitos de divulga\u00e7\u00e3o </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"tx_41\" style=\"left:314px;bottom:657px;letter-spacing:-0.24px;display:inline;\">endosso </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t17_41\" style=\"left:410px;bottom:657px;letter-spacing:-0.29px;word-spacing:0.12px;display:inline;\">maio de 2024, nomeadamente: (i) IFRS 18: </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1k_41\" style=\"left:683px;bottom:657px;letter-spacing:-0.25px;word-spacing:0.24px;display:inline;\">exig\u00eancia de </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t18_41\" style=\"left:410px;bottom:643px;letter-spacing:-0.28px;word-spacing:0.18px;display:inline;\">Apresenta\u00e7\u00e3o e divulga\u00e7\u00e3o nas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1l_41\" style=\"left:683px;bottom:643px;letter-spacing:-0.26px;word-spacing:0.24px;display:inline;\">apresenta\u00e7\u00e3o de </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t19_41\" style=\"left:410px;bottom:629px;letter-spacing:-0.24px;word-spacing:0.04px;display:inline;\">demonstra\u00e7\u00f5es financeiras; (ii) Altera\u00e7\u00f5es \u00e0 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1m_41\" style=\"left:683px;bottom:629px;letter-spacing:-0.24px;display:inline;\">informa\u00e7\u00e3o </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1a_41\" style=\"left:410px;bottom:615px;letter-spacing:-0.27px;word-spacing:0.04px;display:inline;\">IAS 7 \u2013 Acordos de financiamento de </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1n_41\" style=\"left:683px;bottom:615px;letter-spacing:-0.25px;display:inline;\">comparativa. </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1b_41\" style=\"left:410px;bottom:601px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">Fornecedores; (iii) IAS 12 \u2013 Reforma fiscal </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1c_41\" style=\"left:410px;bottom:587px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">internacional \u2013 Regras do modelo do Pilar 2; </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1d_41\" style=\"left:410px;bottom:573px;letter-spacing:-0.26px;word-spacing:0.13px;display:inline;\">(iv) Altera\u00e7\u00f5es \u00e0 IAS 21 \u2013 Efeitos das </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1e_41\" style=\"left:410px;bottom:559px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">altera\u00e7\u00f5es das taxas de c\u00e2mbio: Falta de </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1f_41\" style=\"left:410px;bottom:545px;letter-spacing:-0.24px;display:inline;\">permutabilidade. </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\n</table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00196": {
   "value": "<span>5. </span><div class=\"t s4_41\" id=\"t1p_41\" style=\"left:163px;bottom:470px;letter-spacing:0.23px;word-spacing:6.54px;display:inline;\">Taxas de c\u00e2mbio utilizadas na convers\u00e3o de demonstra\u00e7\u00f5es financeiras </div><div class=\"t s4_41\" id=\"t1q_41\" style=\"left:163px;bottom:444px;letter-spacing:0.23px;word-spacing:-0.11px;display:inline;\">expressas em moeda estrangeira </div><div class=\"t s0_41\" id=\"t1r_41\" style=\"left:143px;bottom:410px;letter-spacing:-0.02px;word-spacing:3.4px;display:inline;\">Em 31 de dezembro de 2025 e 2024, os ativos e passivos expressos nas principais moedas </div><div class=\"t s0_41\" id=\"t1s_41\" style=\"left:143px;bottom:386px;letter-spacing:-0.01px;word-spacing:0.22px;display:inline;\">estrangeiras foram convertidos para Euros com base nas seguintes taxas de c\u00e2mbio relativamente </div><div class=\"t s0_41\" id=\"t1t_41\" style=\"left:143px;bottom:363px;letter-spacing:0.03px;word-spacing:-0.22px;display:inline;\">ao euro: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t1u_41\" style=\"left:155px;bottom:304px;letter-spacing:-0.31px;display:inline;\">Moeda </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t1v_41\" style=\"left:601px;bottom:304px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_41\" id=\"t1w_41\" style=\"left:751px;bottom:304px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1x_41\" style=\"left:156px;bottom:282px;letter-spacing:-0.2px;display:inline;\">Real </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1y_41\" style=\"left:593px;bottom:282px;letter-spacing:-0.24px;display:inline;\">6,4364 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t1z_41\" style=\"left:742px;bottom:282px;letter-spacing:-0.22px;display:inline;\">6,4253 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t20_41\" style=\"left:156px;bottom:262px;letter-spacing:-0.39px;display:inline;\">USD </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t21_41\" style=\"left:593px;bottom:265px;letter-spacing:-0.23px;display:inline;\">1,1750 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_41\" id=\"t22_41\" style=\"left:742px;bottom:265px;letter-spacing:-0.23px;display:inline;\">1,0389 </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_41\" id=\"t23_41\" style=\"left:143px;bottom:207px;letter-spacing:-0.04px;word-spacing:1.33px;display:inline;\">Em 31 de dezembro de 2025 e 2024, as demonstra\u00e7\u00f5es dos resultados e dos fluxos de caixa de </div><div class=\"t s0_41\" id=\"t24_41\" style=\"left:143px;bottom:183px;letter-spacing:-0.04px;word-spacing:5.18px;display:inline;\">empresas subsidi\u00e1rias e conjuntamente controladas expressas em moeda estrangeira foram </div><div class=\"t s0_41\" id=\"t25_41\" style=\"left:143px;bottom:160px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">convertidas para Euros com base nas seguintes taxas de c\u00e2mbio m\u00e9dias: </div><div></div><table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t3_42\" style=\"left:155px;bottom:1061px;letter-spacing:-0.31px;display:inline;\">Moeda </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t4_42\" style=\"left:601px;bottom:1061px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t5_42\" style=\"left:751px;bottom:1061px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t6_42\" style=\"left:156px;bottom:1040px;letter-spacing:-0.2px;display:inline;\">Real </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t7_42\" style=\"left:600px;bottom:1040px;letter-spacing:-0.21px;display:inline;\">6,307 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t8_42\" style=\"left:742px;bottom:1040px;letter-spacing:-0.23px;display:inline;\">6,3843 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t9_42\" style=\"left:156px;bottom:1019px;letter-spacing:-0.39px;display:inline;\">USD </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"ta_42\" style=\"left:593px;bottom:1022px;letter-spacing:-0.23px;display:inline;\">1,1299 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tb_42\" style=\"left:742px;bottom:1022px;letter-spacing:-0.23px;display:inline;\">1,0821 </div></td>\n\t\t</tr>\n\t\n</table>\n<span>21.1.1. </span><div class=\"t s2_60\" id=\"tb_60\" style=\"left:247px;bottom:938px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Riscos de Mercado </div><div class=\"t s0_60\" id=\"tc_60\" style=\"left:143px;bottom:904px;letter-spacing:-0.02px;word-spacing:-0.56px;display:inline;\">Os riscos de mercado consistem nas perdas que podem ocorrer em resultado de altera\u00e7\u00f5es de taxas </div><div class=\"t s0_60\" id=\"td_60\" style=\"left:143px;bottom:881px;letter-spacing:-0.02px;word-spacing:3.75px;display:inline;\">(de juro ou de c\u00e2mbio) e/ou dos pre\u00e7os e cota\u00e7\u00f5es dos diferentes instrumentos financeiros, </div><div class=\"t s0_60\" id=\"te_60\" style=\"left:143px;bottom:857px;letter-spacing:-0.02px;word-spacing:-0.58px;display:inline;\">considerando n\u00e3o s\u00f3 as correla\u00e7\u00f5es existentes entre estes, mas tamb\u00e9m as respetivas volatilidades. </div><div class=\"t s0_60\" id=\"tf_60\" style=\"left:143px;bottom:819px;letter-spacing:-0.02px;word-spacing:1.39px;display:inline;\">Os riscos de taxa de c\u00e2mbio est\u00e3o essencialmente relacionados com as opera\u00e7\u00f5es das empresas </div><div class=\"t s0_60\" id=\"tg_60\" style=\"left:143px;bottom:796px;letter-spacing:-0.02px;word-spacing:4.72px;display:inline;\">participadas, com os investimentos em instrumentos financeiros em moeda estrangeira que </div><div class=\"t s0_60\" id=\"th_60\" style=\"left:143px;bottom:772px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">integram as carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, e com os investimentos da PHAROL </div><div class=\"t s0_60\" id=\"ti_60\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">no Brasil que deixaram de existir em 2025. </div><div class=\"t s0_60\" id=\"tj_60\" style=\"left:143px;bottom:710px;letter-spacing:-0.02px;word-spacing:2.5px;display:inline;\">Relativamente aos riscos dos pre\u00e7os e cota\u00e7\u00f5es, que est\u00e3o essencialmente relacionados com a </div><div class=\"t s0_60\" id=\"tk_60\" style=\"left:143px;bottom:687px;letter-spacing:-0.04px;word-spacing:0.78px;display:inline;\">carteira de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, o Grupo estabeleceu crit\u00e9rios e limites \u00e0 gest\u00e3o </div><div class=\"t s0_60\" id=\"tl_60\" style=\"left:143px;bottom:663px;letter-spacing:-0.03px;word-spacing:1.6px;display:inline;\">discricion\u00e1ria que foi dada \u00e0s entidades banc\u00e1rias que efetuam a gest\u00e3o destas carteiras. Tendo </div><div class=\"t s0_60\" id=\"tm_60\" style=\"left:143px;bottom:640px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">assim estabelecido, os seguintes limites: </div><div class=\"t s0_60\" id=\"tn_60\" style=\"left:143px;bottom:602px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">1. Para duas carteiras constitu\u00eddas em Agosto de 2022, no valor 10 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"to_60\" style=\"left:169px;bottom:565px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tp_60\" style=\"left:195px;bottom:564px;letter-spacing:-0.04px;word-spacing:1.12px;display:inline;\">Rating m\u00ednimo de investimento: entidades Investment Grade (igual ou superior a BBB ou </div><div class=\"t s0_60\" id=\"tq_60\" style=\"left:195px;bottom:540px;letter-spacing:-0.05px;word-spacing:0.09px;display:inline;\">similar, no caso da Moody\u2019s). </div><div class=\"t s3_60\" id=\"tr_60\" style=\"left:169px;bottom:517px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ts_60\" style=\"left:195px;bottom:517px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"tt_60\" style=\"left:195px;bottom:493px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"tu_60\" style=\"left:169px;bottom:470px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tv_60\" style=\"left:195px;bottom:470px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"tw_60\" style=\"left:195px;bottom:446px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"tx_60\" style=\"left:169px;bottom:423px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ty_60\" style=\"left:195px;bottom:423px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"tz_60\" style=\"left:169px;bottom:400px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t10_60\" style=\"left:195px;bottom:399px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Liquidez: at\u00e9 5 dias \u00fateis. </div><div class=\"t s0_60\" id=\"t11_60\" style=\"left:143px;bottom:338px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">2. Para duas carteiras constitu\u00eddas em agosto de 2023, no valor 15 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"t12_60\" style=\"left:169px;bottom:300px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t13_60\" style=\"left:195px;bottom:300px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">Rating m\u00ednimo de investimento: 70% Investment grade (igual ou superior a BBB ou similar, </div><div class=\"t s0_60\" id=\"t14_60\" style=\"left:195px;bottom:276px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">no caso da Moody\u2019s) e 30% High yield </div><div class=\"t s3_60\" id=\"t15_60\" style=\"left:169px;bottom:253px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t16_60\" style=\"left:195px;bottom:253px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"t17_60\" style=\"left:195px;bottom:229px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"t18_60\" style=\"left:169px;bottom:206px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t19_60\" style=\"left:195px;bottom:205px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"t1a_60\" style=\"left:195px;bottom:182px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"t1b_60\" style=\"left:169px;bottom:159px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t1c_60\" style=\"left:195px;bottom:158px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"t1d_60\" style=\"left:169px;bottom:135px;display:inline;\">\ue001 </div><span>Liquidez: at\u00e9 5 dias \u00fateis.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00199": {
   "value": "<span>6. </span><div class=\"t s4_42\" id=\"td_42\" style=\"left:163px;bottom:962px;letter-spacing:0.24px;word-spacing:-0.18px;display:inline;\">Custos com o pessoal </div><div class=\"t s0_42\" id=\"te_42\" style=\"left:143px;bottom:928px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, esta rubrica apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_42\" id=\"tf_42\" style=\"left:747px;bottom:891px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"tg_42\" style=\"left:601px;bottom:876px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"th_42\" style=\"left:750px;bottom:876px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"ti_42\" style=\"left:156px;bottom:845px;letter-spacing:-0.28px;word-spacing:0.07px;display:inline;\">Remunera\u00e7\u00f5es fixas e vari\u00e1veis </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tj_42\" style=\"left:564px;bottom:845px;letter-spacing:-0.26px;display:inline;\">(1.005.682) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tk_42\" style=\"left:725px;bottom:845px;letter-spacing:-0.24px;display:inline;\">(843.177) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tl_42\" style=\"left:156px;bottom:831px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">Encargos sociais </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tm_42\" style=\"left:575px;bottom:831px;letter-spacing:-0.24px;display:inline;\">(153.946) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tn_42\" style=\"left:725px;bottom:831px;letter-spacing:-0.25px;display:inline;\">(108.324) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"to_42\" style=\"left:156px;bottom:816px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tp_42\" style=\"left:582px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(39.195) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tq_42\" style=\"left:732px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(39.529) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"tr_42\" style=\"left:556px;bottom:801px;letter-spacing:-0.3px;display:inline;\">(1.198.823) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"ts_42\" style=\"left:717px;bottom:801px;letter-spacing:-0.3px;display:inline;\">(991.030) </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_42\" id=\"tt_42\" style=\"left:143px;bottom:746px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Em 2025 e 2024, o n\u00famero de trabalhadores juntamente com membros dos \u00f3rg\u00e3os sociais era 11. </div><div class=\"t s0_42\" id=\"tu_42\" style=\"left:143px;bottom:708px;word-spacing:-0.12px;display:inline;\"><span>Em junho de 2024, alguns dos membros dos \u00f3rg\u00e3os sociais retomaram os seus sal\u00e1rios na \u00edntegra.</span> </div><div class=\"t s0_42\" id=\"tv_42\" style=\"left:143px;bottom:685px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Os restantes, tiveram o seu sal\u00e1rio reposto a partir de janeiro de 2025. </div><div class=\"t s3_42\" id=\"tw_42\" style=\"left:143px;bottom:613px;letter-spacing:-0.04px;display:inline;\"><span>7. </span></div><div class=\"t s4_42\" id=\"tx_42\" style=\"left:163px;bottom:613px;letter-spacing:0.21px;word-spacing:-0.02px;display:inline;\">Fornecimentos, servi\u00e7os externos e outras despesas </div><div class=\"t s0_42\" id=\"ty_42\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, esta rubrica apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_42\" id=\"tz_42\" style=\"left:747px;bottom:541px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t10_42\" style=\"left:601px;bottom:526px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t11_42\" style=\"left:750px;bottom:526px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t12_42\" style=\"left:156px;bottom:496px;letter-spacing:-0.26px;word-spacing:0.14px;display:inline;\">Trabalhos especializados (i) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t13_42\" style=\"left:575px;bottom:496px;letter-spacing:-0.24px;display:inline;\">(713.827) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t14_42\" style=\"left:725px;bottom:496px;letter-spacing:-0.25px;display:inline;\">(743.742) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t15_42\" style=\"left:156px;bottom:481px;letter-spacing:-0.26px;display:inline;\">Seguros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t16_42\" style=\"left:575px;bottom:481px;letter-spacing:-0.24px;display:inline;\">(208.129) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t17_42\" style=\"left:725px;bottom:481px;letter-spacing:-0.25px;display:inline;\">(228.203) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t18_42\" style=\"left:156px;bottom:466px;letter-spacing:-0.28px;word-spacing:0.2px;display:inline;\">Desloca\u00e7\u00f5es e estadas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t19_42\" style=\"left:582px;bottom:466px;letter-spacing:-0.24px;display:inline;\">(10.653) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1a_42\" style=\"left:732px;bottom:466px;letter-spacing:-0.24px;display:inline;\">(26.089) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1b_42\" style=\"left:156px;bottom:452px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1c_42\" style=\"left:575px;bottom:452px;letter-spacing:-0.24px;display:inline;\">(129.849) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1d_42\" style=\"left:725px;bottom:452px;letter-spacing:-0.25px;display:inline;\">(239.922) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t1e_42\" style=\"left:556px;bottom:436px;letter-spacing:-0.3px;display:inline;\">(1.062.458) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t1f_42\" style=\"left:705px;bottom:436px;letter-spacing:-0.3px;display:inline;\">(1.237.956) </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_42\" id=\"t1g_42\" style=\"left:143px;bottom:404px;display:inline;\">(i) </div><div class=\"t s0_42\" id=\"t1h_42\" style=\"left:163px;bottom:404px;letter-spacing:-0.03px;word-spacing:0.61px;display:inline;\">S\u00e3o na sua maior parte honor\u00e1rios de assessoria jur\u00eddica para acompanhamento dos processos </div><div class=\"t s0_42\" id=\"t1i_42\" style=\"left:163px;bottom:380px;word-spacing:-0.11px;display:inline;\">judiciais em curso. </div><div class=\"t s0_42\" id=\"t1j_42\" style=\"left:143px;bottom:342px;letter-spacing:-0.04px;word-spacing:-0.36px;display:inline;\"><span>Relativamente aos honor\u00e1rios dos auditores, a Forvis Mazars &amp; Associados \u2013 Sociedade de revisores </span></div><div class=\"t s0_42\" id=\"t1k_42\" style=\"left:143px;bottom:319px;letter-spacing:-0.01px;word-spacing:-1.16px;display:inline;\">Oficiais de Contas, S.A., pelo trabalho referente a 2025, o valor foi de 30.000 euros, ao qual acresceu </div><div class=\"t s0_42\" id=\"t1l_42\" style=\"left:143px;bottom:295px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\"><span>o IVA \u00e0 taxa legal em vigor.</span> </div><div></div><div class=\"t s1_43\" id=\"t3_43\" style=\"left:143px;bottom:1048px;letter-spacing:-0.04px;display:inline;\"><span>8. </span></div><div class=\"t s2_43\" id=\"t4_43\" style=\"left:163px;bottom:1048px;letter-spacing:0.22px;word-spacing:-0.22px;display:inline;\">Impostos indiretos </div><div class=\"t s0_43\" id=\"t5_43\" style=\"left:143px;bottom:1014px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, a rubrica de Impostos Indiretos apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_43\" id=\"t6_43\" style=\"left:747px;bottom:977px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"t7_43\" style=\"left:601px;bottom:961px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"t8_43\" style=\"left:750px;bottom:961px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"t9_43\" style=\"left:156px;bottom:931px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">Imposto sobre o Valor Acrescentado </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"ta_43\" style=\"left:575px;bottom:931px;letter-spacing:-0.24px;display:inline;\">(224.214) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"tb_43\" style=\"left:725px;bottom:931px;letter-spacing:-0.25px;display:inline;\">(161.029) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"tc_43\" style=\"left:156px;bottom:916px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"td_43\" style=\"left:590px;bottom:916px;letter-spacing:-0.24px;display:inline;\">(2.112) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"te_43\" style=\"left:739px;bottom:916px;letter-spacing:-0.23px;display:inline;\">(3.671) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"tf_43\" style=\"left:568px;bottom:901px;letter-spacing:-0.3px;display:inline;\">(226.326) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"tg_43\" style=\"left:717px;bottom:901px;letter-spacing:-0.3px;display:inline;\">(164.700) </div></td>\n\t\t</tr>\n\t\n</table>\n<span>15. </span><div class=\"t s2_54\" id=\"tl_54\" style=\"left:169px;bottom:768px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Acr\u00e9scimo de custos </div><div class=\"t s0_54\" id=\"tm_54\" style=\"left:143px;bottom:734px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_54\" id=\"tn_54\" style=\"left:747px;bottom:697px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"to_54\" style=\"left:668px;bottom:681px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tp_54\" style=\"left:750px;bottom:681px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tq_54\" style=\"left:155px;bottom:651px;letter-spacing:-0.29px;word-spacing:0.01px;display:inline;\">Acr\u00e9scimos de custos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tr_54\" style=\"left:155px;bottom:637px;letter-spacing:-0.26px;word-spacing:0.1px;display:inline;\">Fornecimentos e servi\u00e7os externos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ts_54\" style=\"left:653px;bottom:637px;letter-spacing:-0.27px;display:inline;\">281.915 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tt_54\" style=\"left:735px;bottom:637px;letter-spacing:-0.23px;display:inline;\">170.249 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tu_54\" style=\"left:155px;bottom:622px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">Encargos com f\u00e9rias, subs\u00eddio de f\u00e9rias e outros encargos com pessoal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tv_54\" style=\"left:652px;bottom:622px;letter-spacing:-0.27px;display:inline;\">419.541 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tw_54\" style=\"left:735px;bottom:622px;letter-spacing:-0.23px;display:inline;\">430.505 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tx_54\" style=\"left:155px;bottom:607px;letter-spacing:-0.24px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ty_54\" style=\"left:660px;bottom:607px;letter-spacing:-0.23px;display:inline;\">14.534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tz_54\" style=\"left:742px;bottom:607px;letter-spacing:-0.28px;display:inline;\">12.579 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t10_54\" style=\"left:648px;bottom:592px;letter-spacing:-0.28px;display:inline;\">715.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t11_54\" style=\"left:730px;bottom:592px;letter-spacing:-0.29px;display:inline;\">613.332 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00198": {
   "value": "<span>6. </span><div class=\"t s4_42\" id=\"td_42\" style=\"left:163px;bottom:962px;letter-spacing:0.24px;word-spacing:-0.18px;display:inline;\">Custos com o pessoal </div><div class=\"t s0_42\" id=\"te_42\" style=\"left:143px;bottom:928px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, esta rubrica apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_42\" id=\"tf_42\" style=\"left:747px;bottom:891px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"tg_42\" style=\"left:601px;bottom:876px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"th_42\" style=\"left:750px;bottom:876px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"ti_42\" style=\"left:156px;bottom:845px;letter-spacing:-0.28px;word-spacing:0.07px;display:inline;\">Remunera\u00e7\u00f5es fixas e vari\u00e1veis </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tj_42\" style=\"left:564px;bottom:845px;letter-spacing:-0.26px;display:inline;\">(1.005.682) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tk_42\" style=\"left:725px;bottom:845px;letter-spacing:-0.24px;display:inline;\">(843.177) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tl_42\" style=\"left:156px;bottom:831px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">Encargos sociais </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tm_42\" style=\"left:575px;bottom:831px;letter-spacing:-0.24px;display:inline;\">(153.946) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tn_42\" style=\"left:725px;bottom:831px;letter-spacing:-0.25px;display:inline;\">(108.324) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"to_42\" style=\"left:156px;bottom:816px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tp_42\" style=\"left:582px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(39.195) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tq_42\" style=\"left:732px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(39.529) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"tr_42\" style=\"left:556px;bottom:801px;letter-spacing:-0.3px;display:inline;\">(1.198.823) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"ts_42\" style=\"left:717px;bottom:801px;letter-spacing:-0.3px;display:inline;\">(991.030) </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_42\" id=\"tt_42\" style=\"left:143px;bottom:746px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Em 2025 e 2024, o n\u00famero de trabalhadores juntamente com membros dos \u00f3rg\u00e3os sociais era 11. </div><div class=\"t s0_42\" id=\"tu_42\" style=\"left:143px;bottom:708px;word-spacing:-0.12px;display:inline;\"><span>Em junho de 2024, alguns dos membros dos \u00f3rg\u00e3os sociais retomaram os seus sal\u00e1rios na \u00edntegra.</span> </div><div class=\"t s0_42\" id=\"tv_42\" style=\"left:143px;bottom:685px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Os restantes, tiveram o seu sal\u00e1rio reposto a partir de janeiro de 2025. </div><div class=\"t s3_42\" id=\"tw_42\" style=\"left:143px;bottom:613px;letter-spacing:-0.04px;display:inline;\"><span>7. </span></div><div class=\"t s4_42\" id=\"tx_42\" style=\"left:163px;bottom:613px;letter-spacing:0.21px;word-spacing:-0.02px;display:inline;\">Fornecimentos, servi\u00e7os externos e outras despesas </div><div class=\"t s0_42\" id=\"ty_42\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, esta rubrica apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_42\" id=\"tz_42\" style=\"left:747px;bottom:541px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t10_42\" style=\"left:601px;bottom:526px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t11_42\" style=\"left:750px;bottom:526px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t12_42\" style=\"left:156px;bottom:496px;letter-spacing:-0.26px;word-spacing:0.14px;display:inline;\">Trabalhos especializados (i) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t13_42\" style=\"left:575px;bottom:496px;letter-spacing:-0.24px;display:inline;\">(713.827) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t14_42\" style=\"left:725px;bottom:496px;letter-spacing:-0.25px;display:inline;\">(743.742) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t15_42\" style=\"left:156px;bottom:481px;letter-spacing:-0.26px;display:inline;\">Seguros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t16_42\" style=\"left:575px;bottom:481px;letter-spacing:-0.24px;display:inline;\">(208.129) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t17_42\" style=\"left:725px;bottom:481px;letter-spacing:-0.25px;display:inline;\">(228.203) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t18_42\" style=\"left:156px;bottom:466px;letter-spacing:-0.28px;word-spacing:0.2px;display:inline;\">Desloca\u00e7\u00f5es e estadas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t19_42\" style=\"left:582px;bottom:466px;letter-spacing:-0.24px;display:inline;\">(10.653) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1a_42\" style=\"left:732px;bottom:466px;letter-spacing:-0.24px;display:inline;\">(26.089) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1b_42\" style=\"left:156px;bottom:452px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1c_42\" style=\"left:575px;bottom:452px;letter-spacing:-0.24px;display:inline;\">(129.849) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1d_42\" style=\"left:725px;bottom:452px;letter-spacing:-0.25px;display:inline;\">(239.922) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t1e_42\" style=\"left:556px;bottom:436px;letter-spacing:-0.3px;display:inline;\">(1.062.458) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t1f_42\" style=\"left:705px;bottom:436px;letter-spacing:-0.3px;display:inline;\">(1.237.956) </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_42\" id=\"t1g_42\" style=\"left:143px;bottom:404px;display:inline;\">(i) </div><div class=\"t s0_42\" id=\"t1h_42\" style=\"left:163px;bottom:404px;letter-spacing:-0.03px;word-spacing:0.61px;display:inline;\">S\u00e3o na sua maior parte honor\u00e1rios de assessoria jur\u00eddica para acompanhamento dos processos </div><div class=\"t s0_42\" id=\"t1i_42\" style=\"left:163px;bottom:380px;word-spacing:-0.11px;display:inline;\">judiciais em curso. </div><div class=\"t s0_42\" id=\"t1j_42\" style=\"left:143px;bottom:342px;letter-spacing:-0.04px;word-spacing:-0.36px;display:inline;\"><span>Relativamente aos honor\u00e1rios dos auditores, a Forvis Mazars &amp; Associados \u2013 Sociedade de revisores </span></div><div class=\"t s0_42\" id=\"t1k_42\" style=\"left:143px;bottom:319px;letter-spacing:-0.01px;word-spacing:-1.16px;display:inline;\">Oficiais de Contas, S.A., pelo trabalho referente a 2025, o valor foi de 30.000 euros, ao qual acresceu </div><div class=\"t s0_42\" id=\"t1l_42\" style=\"left:143px;bottom:295px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\"><span>o IVA \u00e0 taxa legal em vigor.</span> </div><div></div><div class=\"t s1_43\" id=\"t3_43\" style=\"left:143px;bottom:1048px;letter-spacing:-0.04px;display:inline;\"><span>8. </span></div><div class=\"t s2_43\" id=\"t4_43\" style=\"left:163px;bottom:1048px;letter-spacing:0.22px;word-spacing:-0.22px;display:inline;\">Impostos indiretos </div><div class=\"t s0_43\" id=\"t5_43\" style=\"left:143px;bottom:1014px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, a rubrica de Impostos Indiretos apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_43\" id=\"t6_43\" style=\"left:747px;bottom:977px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"t7_43\" style=\"left:601px;bottom:961px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"t8_43\" style=\"left:750px;bottom:961px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"t9_43\" style=\"left:156px;bottom:931px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">Imposto sobre o Valor Acrescentado </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"ta_43\" style=\"left:575px;bottom:931px;letter-spacing:-0.24px;display:inline;\">(224.214) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"tb_43\" style=\"left:725px;bottom:931px;letter-spacing:-0.25px;display:inline;\">(161.029) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"tc_43\" style=\"left:156px;bottom:916px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"td_43\" style=\"left:590px;bottom:916px;letter-spacing:-0.24px;display:inline;\">(2.112) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"te_43\" style=\"left:739px;bottom:916px;letter-spacing:-0.23px;display:inline;\">(3.671) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"tf_43\" style=\"left:568px;bottom:901px;letter-spacing:-0.3px;display:inline;\">(226.326) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"tg_43\" style=\"left:717px;bottom:901px;letter-spacing:-0.3px;display:inline;\">(164.700) </div></td>\n\t\t</tr>\n\t\n</table>\n<span>15. </span><div class=\"t s2_54\" id=\"tl_54\" style=\"left:169px;bottom:768px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Acr\u00e9scimo de custos </div><div class=\"t s0_54\" id=\"tm_54\" style=\"left:143px;bottom:734px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_54\" id=\"tn_54\" style=\"left:747px;bottom:697px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"to_54\" style=\"left:668px;bottom:681px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tp_54\" style=\"left:750px;bottom:681px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tq_54\" style=\"left:155px;bottom:651px;letter-spacing:-0.29px;word-spacing:0.01px;display:inline;\">Acr\u00e9scimos de custos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tr_54\" style=\"left:155px;bottom:637px;letter-spacing:-0.26px;word-spacing:0.1px;display:inline;\">Fornecimentos e servi\u00e7os externos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ts_54\" style=\"left:653px;bottom:637px;letter-spacing:-0.27px;display:inline;\">281.915 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tt_54\" style=\"left:735px;bottom:637px;letter-spacing:-0.23px;display:inline;\">170.249 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tu_54\" style=\"left:155px;bottom:622px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">Encargos com f\u00e9rias, subs\u00eddio de f\u00e9rias e outros encargos com pessoal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tv_54\" style=\"left:652px;bottom:622px;letter-spacing:-0.27px;display:inline;\">419.541 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tw_54\" style=\"left:735px;bottom:622px;letter-spacing:-0.23px;display:inline;\">430.505 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tx_54\" style=\"left:155px;bottom:607px;letter-spacing:-0.24px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ty_54\" style=\"left:660px;bottom:607px;letter-spacing:-0.23px;display:inline;\">14.534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tz_54\" style=\"left:742px;bottom:607px;letter-spacing:-0.28px;display:inline;\">12.579 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t10_54\" style=\"left:648px;bottom:592px;letter-spacing:-0.28px;display:inline;\">715.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t11_54\" style=\"left:730px;bottom:592px;letter-spacing:-0.29px;display:inline;\">613.332 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00197": {
   "value": "<span>6. </span><div class=\"t s4_42\" id=\"td_42\" style=\"left:163px;bottom:962px;letter-spacing:0.24px;word-spacing:-0.18px;display:inline;\">Custos com o pessoal </div><div class=\"t s0_42\" id=\"te_42\" style=\"left:143px;bottom:928px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, esta rubrica apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_42\" id=\"tf_42\" style=\"left:747px;bottom:891px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"tg_42\" style=\"left:601px;bottom:876px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"th_42\" style=\"left:750px;bottom:876px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"ti_42\" style=\"left:156px;bottom:845px;letter-spacing:-0.28px;word-spacing:0.07px;display:inline;\">Remunera\u00e7\u00f5es fixas e vari\u00e1veis </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tj_42\" style=\"left:564px;bottom:845px;letter-spacing:-0.26px;display:inline;\">(1.005.682) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tk_42\" style=\"left:725px;bottom:845px;letter-spacing:-0.24px;display:inline;\">(843.177) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tl_42\" style=\"left:156px;bottom:831px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">Encargos sociais </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tm_42\" style=\"left:575px;bottom:831px;letter-spacing:-0.24px;display:inline;\">(153.946) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tn_42\" style=\"left:725px;bottom:831px;letter-spacing:-0.25px;display:inline;\">(108.324) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"to_42\" style=\"left:156px;bottom:816px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tp_42\" style=\"left:582px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(39.195) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"tq_42\" style=\"left:732px;bottom:816px;letter-spacing:-0.24px;display:inline;\">(39.529) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"tr_42\" style=\"left:556px;bottom:801px;letter-spacing:-0.3px;display:inline;\">(1.198.823) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"ts_42\" style=\"left:717px;bottom:801px;letter-spacing:-0.3px;display:inline;\">(991.030) </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_42\" id=\"tt_42\" style=\"left:143px;bottom:746px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Em 2025 e 2024, o n\u00famero de trabalhadores juntamente com membros dos \u00f3rg\u00e3os sociais era 11. </div><span>Em junho de 2024, alguns dos membros dos \u00f3rg\u00e3os sociais retomaram os seus sal\u00e1rios na \u00edntegra.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00201": {
   "value": "<span>7. </span><div class=\"t s4_42\" id=\"tx_42\" style=\"left:163px;bottom:613px;letter-spacing:0.21px;word-spacing:-0.02px;display:inline;\">Fornecimentos, servi\u00e7os externos e outras despesas </div><div class=\"t s0_42\" id=\"ty_42\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, esta rubrica apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_42\" id=\"tz_42\" style=\"left:747px;bottom:541px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t10_42\" style=\"left:601px;bottom:526px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t11_42\" style=\"left:750px;bottom:526px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t12_42\" style=\"left:156px;bottom:496px;letter-spacing:-0.26px;word-spacing:0.14px;display:inline;\">Trabalhos especializados (i) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t13_42\" style=\"left:575px;bottom:496px;letter-spacing:-0.24px;display:inline;\">(713.827) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t14_42\" style=\"left:725px;bottom:496px;letter-spacing:-0.25px;display:inline;\">(743.742) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t15_42\" style=\"left:156px;bottom:481px;letter-spacing:-0.26px;display:inline;\">Seguros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t16_42\" style=\"left:575px;bottom:481px;letter-spacing:-0.24px;display:inline;\">(208.129) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t17_42\" style=\"left:725px;bottom:481px;letter-spacing:-0.25px;display:inline;\">(228.203) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t18_42\" style=\"left:156px;bottom:466px;letter-spacing:-0.28px;word-spacing:0.2px;display:inline;\">Desloca\u00e7\u00f5es e estadas </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t19_42\" style=\"left:582px;bottom:466px;letter-spacing:-0.24px;display:inline;\">(10.653) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1a_42\" style=\"left:732px;bottom:466px;letter-spacing:-0.24px;display:inline;\">(26.089) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1b_42\" style=\"left:156px;bottom:452px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1c_42\" style=\"left:575px;bottom:452px;letter-spacing:-0.24px;display:inline;\">(129.849) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_42\" id=\"t1d_42\" style=\"left:725px;bottom:452px;letter-spacing:-0.25px;display:inline;\">(239.922) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t1e_42\" style=\"left:556px;bottom:436px;letter-spacing:-0.3px;display:inline;\">(1.062.458) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_42\" id=\"t1f_42\" style=\"left:705px;bottom:436px;letter-spacing:-0.3px;display:inline;\">(1.237.956) </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_42\" id=\"t1g_42\" style=\"left:143px;bottom:404px;display:inline;\">(i) </div><div class=\"t s0_42\" id=\"t1h_42\" style=\"left:163px;bottom:404px;letter-spacing:-0.03px;word-spacing:0.61px;display:inline;\">S\u00e3o na sua maior parte honor\u00e1rios de assessoria jur\u00eddica para acompanhamento dos processos </div><div class=\"t s0_42\" id=\"t1i_42\" style=\"left:163px;bottom:380px;word-spacing:-0.11px;display:inline;\">judiciais em curso. </div><div class=\"t s0_42\" id=\"t1j_42\" style=\"left:143px;bottom:342px;letter-spacing:-0.04px;word-spacing:-0.36px;display:inline;\"><span>Relativamente aos honor\u00e1rios dos auditores, a Forvis Mazars &amp; Associados \u2013 Sociedade de revisores </span></div><div class=\"t s0_42\" id=\"t1k_42\" style=\"left:143px;bottom:319px;letter-spacing:-0.01px;word-spacing:-1.16px;display:inline;\">Oficiais de Contas, S.A., pelo trabalho referente a 2025, o valor foi de 30.000 euros, ao qual acresceu </div><span>o IVA \u00e0 taxa legal em vigor.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00200": {
   "value": "<span>Relativamente aos honor\u00e1rios dos auditores, a Forvis Mazars &amp; Associados \u2013 Sociedade de revisores </span><div class=\"t s0_42\" id=\"t1k_42\" style=\"left:143px;bottom:319px;letter-spacing:-0.01px;word-spacing:-1.16px;display:inline;\">Oficiais de Contas, S.A., pelo trabalho referente a 2025, o valor foi de 30.000 euros, ao qual acresceu </div><span>o IVA \u00e0 taxa legal em vigor.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00202": {
   "value": "<span>8. </span><div class=\"t s2_43\" id=\"t4_43\" style=\"left:163px;bottom:1048px;letter-spacing:0.22px;word-spacing:-0.22px;display:inline;\">Impostos indiretos </div><div class=\"t s0_43\" id=\"t5_43\" style=\"left:143px;bottom:1014px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, a rubrica de Impostos Indiretos apresenta a seguinte composi\u00e7\u00e3o: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_43\" id=\"t6_43\" style=\"left:747px;bottom:977px;letter-spacing:-0.23px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"t7_43\" style=\"left:601px;bottom:961px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"t8_43\" style=\"left:750px;bottom:961px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"t9_43\" style=\"left:156px;bottom:931px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">Imposto sobre o Valor Acrescentado </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"ta_43\" style=\"left:575px;bottom:931px;letter-spacing:-0.24px;display:inline;\">(224.214) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"tb_43\" style=\"left:725px;bottom:931px;letter-spacing:-0.25px;display:inline;\">(161.029) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"tc_43\" style=\"left:156px;bottom:916px;letter-spacing:-0.27px;display:inline;\">Outros </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"td_43\" style=\"left:590px;bottom:916px;letter-spacing:-0.24px;display:inline;\">(2.112) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_43\" id=\"te_43\" style=\"left:739px;bottom:916px;letter-spacing:-0.23px;display:inline;\">(3.671) </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"tf_43\" style=\"left:568px;bottom:901px;letter-spacing:-0.3px;display:inline;\">(226.326) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_43\" id=\"tg_43\" style=\"left:717px;bottom:901px;letter-spacing:-0.3px;display:inline;\">(164.700) </div></td>\n\t\t</tr>\n\t\n</table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00204": {
   "value": "<span>9. </span><div class=\"t s2_43\" id=\"ti_43\" style=\"left:168px;bottom:844px;letter-spacing:0.19px;word-spacing:0.08px;display:inline;\">Impostos sobre o rendimento e taxas </div><div class=\"t s0_43\" id=\"tj_43\" style=\"left:143px;bottom:810px;letter-spacing:-0.02px;word-spacing:-0.76px;display:inline;\">Em 2025 as empresas localizadas em Portugal Continental s\u00e3o tributadas em sede de Imposto sobre </div><div class=\"t s0_43\" id=\"tk_43\" style=\"left:143px;bottom:787px;letter-spacing:-0.02px;word-spacing:-0.49px;display:inline;\">o Rendimento das Pessoas Coletivas \u00e0 taxa base de 21,0% acrescida de (1) uma Derrama Municipal </div><div class=\"t s0_43\" id=\"tl_43\" style=\"left:143px;bottom:763px;letter-spacing:-0.04px;word-spacing:2.51px;display:inline;\">de at\u00e9 um m\u00e1ximo de 1,5% sobre a mat\u00e9ria colet\u00e1vel, e (2) uma Derrama Estadual de 3,0% </div><div class=\"t s0_43\" id=\"tm_43\" style=\"left:143px;bottom:739px;letter-spacing:-0.02px;word-spacing:2.17px;display:inline;\">aplic\u00e1vel sobre o lucro tribut\u00e1vel entre 1,5 milh\u00f5es de Euros e 7,5 milh\u00f5es de Euros, de 5,0% </div><div class=\"t s0_43\" id=\"tn_43\" style=\"left:143px;bottom:716px;letter-spacing:-0.02px;word-spacing:1.64px;display:inline;\">aplic\u00e1vel sobre o lucro tribut\u00e1vel entre 7,5 milh\u00f5es de Euros e 35 milh\u00f5es de Euros, e de 9,0% </div><div class=\"t s0_43\" id=\"to_43\" style=\"left:143px;bottom:692px;letter-spacing:-0.03px;word-spacing:0.8px;display:inline;\">aplic\u00e1vel sobre o lucro tribut\u00e1vel que exceda 35 milh\u00f5es de Euros, resultando numa taxa m\u00e1xima </div><div class=\"t s0_43\" id=\"tp_43\" style=\"left:143px;bottom:669px;letter-spacing:-0.03px;word-spacing:1.09px;display:inline;\">agregada de aproximadamente 31,5% para lucros tribut\u00e1veis que excedam 35 milh\u00f5es de Euros. </div><div class=\"t s0_43\" id=\"tq_43\" style=\"left:143px;bottom:645px;letter-spacing:-0.01px;word-spacing:0.39px;display:inline;\">No c\u00e1lculo dos resultados tribut\u00e1veis, aos quais \u00e9 aplicada a referida taxa de imposto, os gastos e </div><div class=\"t s0_43\" id=\"tr_43\" style=\"left:143px;bottom:622px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">rendimentos n\u00e3o aceites fiscalmente s\u00e3o acrescidos ou deduzidos aos resultados contabil\u00edsticos. </div><div class=\"t s0_43\" id=\"ts_43\" style=\"left:143px;bottom:584px;letter-spacing:-0.02px;word-spacing:0.45px;display:inline;\">Tendo sido apurado lucros fiscais no exerc\u00edcio de 2025 e 2024, o imposto corrente acima reflete o </div><div class=\"t s0_43\" id=\"tt_43\" style=\"left:143px;bottom:560px;letter-spacing:-0.02px;word-spacing:0.56px;display:inline;\">imposto sobre o lucro tribut\u00e1vel j\u00e1 deduzido dos preju\u00edzos fiscais reportados em anos anteriores e </div><div class=\"t s0_43\" id=\"tu_43\" style=\"left:143px;bottom:536px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">adicionado de tributa\u00e7\u00e3o aut\u00f3noma do exerc\u00edcio. </div><div class=\"t s0_43\" id=\"tv_43\" style=\"left:143px;bottom:499px;letter-spacing:-0.01px;word-spacing:0.25px;display:inline;\">Em 2025, o resultado foi de 2,10 milh\u00f5es de euros, devido aos reembolsos da AT e dos resultados </div><div class=\"t s0_43\" id=\"tw_43\" style=\"left:143px;bottom:475px;letter-spacing:-0.01px;display:inline;\">financeiros. </div><div class=\"t s0_43\" id=\"tx_43\" style=\"left:143px;bottom:437px;letter-spacing:-0.01px;word-spacing:-0.27px;display:inline;\">Em 2024, o resultado foi de 24 milh\u00f5es de euros, principalmente devido aos reembolsos da AT e ao </div><div class=\"t s0_43\" id=\"ty_43\" style=\"left:143px;bottom:414px;letter-spacing:-0.03px;word-spacing:-0.94px;display:inline;\">acordo com a Oi. No entanto, apenas uma parte desses ganhos \u00e9 tribut\u00e1vel, o que reduz a estimativa </div><div class=\"t s0_43\" id=\"tz_43\" style=\"left:143px;bottom:390px;letter-spacing:-0.02px;word-spacing:1.64px;display:inline;\">de imposto. Al\u00e9m disso, a PHAROL utilizou preju\u00edzos fiscais acumulados de anos anteriores para </div><div class=\"t s0_43\" id=\"t10_43\" style=\"left:143px;bottom:367px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">abater no imposto devido. </div><div class=\"t s0_43\" id=\"t11_43\" style=\"left:143px;bottom:329px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica foi apurada da seguinte forma: </div><div></div><table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_44\" id=\"t3_44\" style=\"left:747px;bottom:1089px;letter-spacing:-0.25px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t4_44\" style=\"left:609px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t5_44\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t6_44\" style=\"left:155px;bottom:1043px;letter-spacing:-0.32px;word-spacing:0.15px;display:inline;\">Imposto sobre o rendimento </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t7_44\" style=\"left:156px;bottom:1028px;letter-spacing:-0.27px;word-spacing:0.05px;display:inline;\">Resultado antes de impostos </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t8_44\" style=\"left:582px;bottom:1028px;letter-spacing:-0.25px;display:inline;\">2.151.255 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t9_44\" style=\"left:716px;bottom:1028px;letter-spacing:-0.26px;display:inline;\">25.457.937 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"ta_44\" style=\"left:156px;bottom:1014px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">Taxa efetiva de imposto </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tb_44\" style=\"left:615px;bottom:1014px;letter-spacing:-0.19px;display:inline;\">21% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tc_44\" style=\"left:756px;bottom:1014px;letter-spacing:-0.16px;display:inline;\">21% </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"td_44\" style=\"left:155px;bottom:998px;letter-spacing:-0.3px;word-spacing:0.06px;display:inline;\">Imposto sobre o lucro \u00e0 taxa nominal </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"te_44\" style=\"left:589px;bottom:998px;letter-spacing:-0.31px;display:inline;\">451.763 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"tf_44\" style=\"left:717px;bottom:998px;letter-spacing:-0.28px;display:inline;\">5.346.167 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tg_44\" style=\"left:156px;bottom:984px;letter-spacing:-0.28px;word-spacing:0.27px;display:inline;\">A Acrescer </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"th_44\" style=\"left:716px;bottom:984px;letter-spacing:-0.26px;display:inline;\">18.307.763 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"ti_44\" style=\"left:156px;bottom:969px;letter-spacing:-0.29px;word-spacing:0.28px;display:inline;\">A Deduzir </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tj_44\" style=\"left:582px;bottom:969px;letter-spacing:-0.25px;display:inline;\">1.725.132 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tk_44\" style=\"left:716px;bottom:969px;letter-spacing:-0.26px;display:inline;\">31.637.290 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"tl_44\" style=\"left:576px;bottom:954px;letter-spacing:-0.28px;display:inline;\">1.725.132 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"tm_44\" style=\"left:709px;bottom:954px;letter-spacing:-0.3px;display:inline;\">13.329.526 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tn_44\" style=\"left:156px;bottom:938px;letter-spacing:-0.24px;word-spacing:0.02px;display:inline;\">Lucro tribut\u00e1vel </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"to_44\" style=\"left:594px;bottom:938px;letter-spacing:-0.24px;display:inline;\">426.123 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tp_44\" style=\"left:716px;bottom:938px;letter-spacing:-0.26px;display:inline;\">12.128.410 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tq_44\" style=\"left:156px;bottom:924px;letter-spacing:-0.23px;word-spacing:-0.06px;display:inline;\">Preju\u00edzos fiscais aceites </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tr_44\" style=\"left:594px;bottom:924px;letter-spacing:-0.24px;display:inline;\">319.592 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"ts_44\" style=\"left:723px;bottom:924px;letter-spacing:-0.26px;display:inline;\">9.096.307 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"tt_44\" style=\"left:155px;bottom:908px;letter-spacing:-0.28px;word-spacing:0.03px;display:inline;\">Mat\u00e9ria colect\u00e1vel </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"tu_44\" style=\"left:589px;bottom:908px;letter-spacing:-0.31px;display:inline;\">106.531 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tv_44\" style=\"left:723px;bottom:908px;letter-spacing:-0.26px;display:inline;\">3.032.102 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tw_44\" style=\"left:156px;bottom:893px;letter-spacing:-0.27px;word-spacing:0.07px;display:inline;\">Taxa efetiva de imposto </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tx_44\" style=\"left:615px;bottom:893px;letter-spacing:-0.19px;display:inline;\">21% </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"ty_44\" style=\"left:752px;bottom:893px;letter-spacing:-0.37px;display:inline;\">21% </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"tz_44\" style=\"left:156px;bottom:878px;letter-spacing:-0.26px;word-spacing:0.13px;display:inline;\">Imposto calculado </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t10_44\" style=\"left:601px;bottom:878px;letter-spacing:-0.27px;display:inline;\">22.371 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t11_44\" style=\"left:735px;bottom:878px;letter-spacing:-0.23px;display:inline;\">636.741 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t12_44\" style=\"left:156px;bottom:864px;letter-spacing:-0.28px;word-spacing:0.03px;display:inline;\">Tributa\u00e7\u00e3o aut\u00f3noma </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t13_44\" style=\"left:601px;bottom:864px;letter-spacing:-0.27px;display:inline;\">26.529 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t14_44\" style=\"left:742px;bottom:864px;letter-spacing:-0.28px;display:inline;\">20.813 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t15_44\" style=\"left:156px;bottom:849px;letter-spacing:-0.26px;display:inline;\">Derrama </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t16_44\" style=\"left:608px;bottom:849px;letter-spacing:-0.22px;display:inline;\">1.598 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t17_44\" style=\"left:735px;bottom:849px;letter-spacing:-0.23px;display:inline;\">593.346 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t18_44\" style=\"left:597px;bottom:834px;letter-spacing:-0.27px;display:inline;\">50.498 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t19_44\" style=\"left:717px;bottom:834px;letter-spacing:-0.28px;display:inline;\">1.250.901 </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_44\" id=\"t1a_44\" style=\"left:143px;bottom:779px;letter-spacing:-0.02px;word-spacing:2.38px;display:inline;\">A PHAROL tem ainda preju\u00edzos fiscais report\u00e1veis de per\u00edodos passados no montante de 570,9 </div><div class=\"t s0_44\" id=\"t1b_44\" style=\"left:143px;bottom:756px;letter-spacing:-0.03px;word-spacing:-0.97px;display:inline;\">milh\u00f5es de Euros que n\u00e3o contabiliza em balan\u00e7o face a n\u00e3o ter visibilidade de benef\u00edcios econ\u00f3micos </div><span>futuros suficientes para a utiliza\u00e7\u00e3o dos preju\u00edzos fiscais report\u00e1veis.</span><span>11. </span><div class=\"t s5_44\" id=\"t1y_44\" style=\"left:169px;bottom:339px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Impostos a pagar e recuperar </div><div class=\"t s0_44\" id=\"t1z_44\" style=\"left:143px;bottom:305px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><div></div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t4_45_172\" style=\"left:752px;bottom:1157px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t5_45_172\" style=\"left:581px;bottom:1138px;letter-spacing:1.8px;word-spacing:-1.02px;display:inline;\">31 Dez </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t7_45_172\" style=\"left:743px;bottom:1138px;letter-spacing:1.8px;word-spacing:-1.02px;display:inline;\">31 Dez </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t6_45_172\" style=\"left:593px;bottom:1123px;letter-spacing:2.07px;display:inline;\">2025 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t8_45_172\" style=\"left:756px;bottom:1123px;letter-spacing:2.07px;display:inline;\">2024 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t9_45_172\" style=\"left:498px;bottom:1104px;letter-spacing:1.36px;display:inline;\">Devedor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"ta_45_172\" style=\"left:582px;bottom:1104px;letter-spacing:1.08px;display:inline;\">Credor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"tb_45_172\" style=\"left:645px;bottom:1104px;letter-spacing:1.36px;display:inline;\">Devedor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"tc_45_172\" style=\"left:744px;bottom:1104px;letter-spacing:1.08px;display:inline;\">Credor </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"td_45_172\" style=\"left:122px;bottom:1062px;letter-spacing:1.38px;word-spacing:-0.41px;display:inline;\">Impostos correntes </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"te_45_172\" style=\"left:123px;bottom:1046px;letter-spacing:0.77px;word-spacing:0.28px;display:inline;\">Opera\u00e7\u00f5es em Portugal </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tf_45_172\" style=\"left:135px;bottom:1031px;letter-spacing:0.87px;word-spacing:0.16px;display:inline;\">Imposto sobre o Valor Acrescentado (IVA) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tg_45_172\" style=\"left:550px;bottom:1031px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s4_45_172\" id=\"th_45_172\" style=\"left:585px;bottom:1031px;letter-spacing:1.11px;display:inline;\">22.886 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ti_45_172\" style=\"left:697px;bottom:1031px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tj_45_172\" style=\"left:747px;bottom:1031px;letter-spacing:1.11px;display:inline;\">17.571 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_45_172\" id=\"tk_45_172\" style=\"left:135px;bottom:1015px;letter-spacing:0.79px;word-spacing:0.22px;display:inline;\">Imposto sobre o Rendimento das Pessoas Coletivas </div><div class=\"t s5_45_172\" id=\"tl_45_172\" style=\"vertical-align: super;left:452px;bottom:1022px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tm_45_172\" style=\"left:504px;bottom:1015px;letter-spacing:1.13px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tn_45_172\" style=\"left:585px;bottom:1015px;letter-spacing:1.11px;display:inline;\">50.498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"to_45_172\" style=\"left:697px;bottom:1015px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tp_45_172\" style=\"left:727px;bottom:1015px;letter-spacing:1.11px;display:inline;\">1.147.515 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tq_45_172\" style=\"left:135px;bottom:999px;letter-spacing:0.8px;word-spacing:0.21px;display:inline;\">Imposto sobre o Rendimento das Pessoas Singulares </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tr_45_172\" style=\"left:585px;bottom:999px;letter-spacing:1.11px;display:inline;\">31.609 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ts_45_172\" style=\"left:697px;bottom:999px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tt_45_172\" style=\"left:747px;bottom:999px;letter-spacing:1.11px;display:inline;\">12.042 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tu_45_172\" style=\"left:135px;bottom:984px;letter-spacing:0.68px;word-spacing:0.45px;display:inline;\">Seguran\u00e7a Social </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tv_45_172\" style=\"left:550px;bottom:984px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tw_45_172\" style=\"left:585px;bottom:984px;letter-spacing:1.11px;display:inline;\">22.719 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tx_45_172\" style=\"left:697px;bottom:984px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ty_45_172\" style=\"left:747px;bottom:984px;letter-spacing:1.11px;display:inline;\">12.283 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tz_45_172\" style=\"left:123px;bottom:966px;letter-spacing:0.87px;word-spacing:0.2px;display:inline;\">Impostos em pa\u00edses estrangeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t10_45_172\" style=\"left:550px;bottom:962px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t11_45_172\" style=\"left:697px;bottom:962px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t12_45_172\" style=\"left:498px;bottom:939px;letter-spacing:1.88px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t13_45_172\" style=\"left:572px;bottom:939px;letter-spacing:1.88px;display:inline;\">127.711 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t14_45_172\" style=\"left:696px;bottom:939px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t15_45_172\" style=\"left:721px;bottom:939px;letter-spacing:1.82px;display:inline;\">1.189.412 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t16_45_172\" style=\"left:122px;bottom:924px;letter-spacing:1.37px;word-spacing:-0.4px;display:inline;\">Impostos n\u00e3o correntes </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t17_45_172\" style=\"left:135px;bottom:908px;letter-spacing:0.87px;word-spacing:0.2px;display:inline;\">Impostos em pa\u00edses estrangeiros </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t18_45_172\" style=\"left:613px;bottom:908px;letter-spacing:1.17px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t19_45_172\" style=\"left:697px;bottom:908px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t1a_45_172\" style=\"left:785px;bottom:908px;display:inline;\">- </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1b_45_172\" style=\"left:498px;bottom:885px;letter-spacing:1.88px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1c_45_172\" style=\"left:572px;bottom:885px;letter-spacing:1.88px;display:inline;\">127.736 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1d_45_172\" style=\"left:696px;bottom:885px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1e_45_172\" style=\"left:721px;bottom:885px;letter-spacing:1.82px;display:inline;\">1.189.412 </div></td></tr></table>\n<div class=\"t s5_45_172\" id=\"t1f_45_172\" style=\"left:110px;bottom:876px;display:inline;\">1 </div><span>Em 2025 o saldo devedor diz respeito aos pagamentos por conta a serem restituidos em Julho de 2026. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00205": {
   "value": "<span>10. </span><div class=\"t s5_44\" id=\"t1e_44\" style=\"left:169px;bottom:662px;letter-spacing:0.2px;word-spacing:-0.04px;display:inline;\">Resultados por a\u00e7\u00e3o </div><div class=\"t s0_44\" id=\"t1f_44\" style=\"left:143px;bottom:628px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">Os resultados por a\u00e7\u00e3o nos exerc\u00edcios de 2025 e 2024 foram calculados da seguinte forma: </div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_44\" id=\"t1g_44\" style=\"left:747px;bottom:591px;letter-spacing:-0.25px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1h_44\" style=\"left:653px;bottom:575px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1i_44\" style=\"left:750px;bottom:575px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1j_44\" style=\"left:151px;bottom:537px;letter-spacing:-0.28px;word-spacing:0.03px;display:inline;\">Resultado l\u00edquido atribu\u00edvel a acionistas da Pharol </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t1k_44\" style=\"left:542px;bottom:537px;letter-spacing:-0.15px;display:inline;\">(1) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1l_44\" style=\"left:620px;bottom:537px;letter-spacing:-0.31px;display:inline;\">2.100.757 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1m_44\" style=\"left:709px;bottom:537px;letter-spacing:-0.33px;display:inline;\">24.224.749 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1n_44\" style=\"left:151px;bottom:514px;letter-spacing:-0.3px;word-spacing:0.05px;display:inline;\">N\u00famero m\u00e9dio de a\u00e7\u00f5es ordin\u00e1rias em circula\u00e7\u00e3o no </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"> <div class=\"t s2_44\" id=\"t1o_44\" style=\"left:151px;bottom:500px;letter-spacing:-0.24px;display:inline;\">per\u00edodo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t1p_44\" style=\"left:542px;bottom:507px;letter-spacing:-0.15px;display:inline;\">(2) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1q_44\" style=\"left:604px;bottom:507px;letter-spacing:-0.32px;display:inline;\">821.756.654 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1r_44\" style=\"left:701px;bottom:507px;letter-spacing:-0.32px;display:inline;\">821.756.654 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_44\" id=\"t1s_44\" style=\"left:151px;bottom:462px;letter-spacing:-0.29px;word-spacing:-0.04px;display:inline;\">Resultado por a\u00e7\u00e3o das opera\u00e7\u00f5es continuadas </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t1t_44\" style=\"left:151px;bottom:440px;letter-spacing:-0.22px;word-spacing:-0.06px;display:inline;\">B\u00e1sico e dilu\u00eddo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t1u_44\" style=\"left:530px;bottom:440px;letter-spacing:-0.22px;display:inline;\">(1)/(2) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t1v_44\" style=\"left:659px;bottom:440px;letter-spacing:-0.21px;display:inline;\">0,00 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_44\" id=\"t1w_44\" style=\"left:757px;bottom:440px;letter-spacing:-0.21px;display:inline;\">0,03 </div></td>\n\t\t</tr>\n\t\n</table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00228": {
   "value": "<span>11. </span><div class=\"t s5_44\" id=\"t1y_44\" style=\"left:169px;bottom:339px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Impostos a pagar e recuperar </div><div class=\"t s0_44\" id=\"t1z_44\" style=\"left:143px;bottom:305px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><div></div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t4_45_172\" style=\"left:752px;bottom:1157px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t5_45_172\" style=\"left:581px;bottom:1138px;letter-spacing:1.8px;word-spacing:-1.02px;display:inline;\">31 Dez </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t7_45_172\" style=\"left:743px;bottom:1138px;letter-spacing:1.8px;word-spacing:-1.02px;display:inline;\">31 Dez </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t6_45_172\" style=\"left:593px;bottom:1123px;letter-spacing:2.07px;display:inline;\">2025 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t8_45_172\" style=\"left:756px;bottom:1123px;letter-spacing:2.07px;display:inline;\">2024 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t9_45_172\" style=\"left:498px;bottom:1104px;letter-spacing:1.36px;display:inline;\">Devedor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"ta_45_172\" style=\"left:582px;bottom:1104px;letter-spacing:1.08px;display:inline;\">Credor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"tb_45_172\" style=\"left:645px;bottom:1104px;letter-spacing:1.36px;display:inline;\">Devedor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"tc_45_172\" style=\"left:744px;bottom:1104px;letter-spacing:1.08px;display:inline;\">Credor </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"td_45_172\" style=\"left:122px;bottom:1062px;letter-spacing:1.38px;word-spacing:-0.41px;display:inline;\">Impostos correntes </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"te_45_172\" style=\"left:123px;bottom:1046px;letter-spacing:0.77px;word-spacing:0.28px;display:inline;\">Opera\u00e7\u00f5es em Portugal </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tf_45_172\" style=\"left:135px;bottom:1031px;letter-spacing:0.87px;word-spacing:0.16px;display:inline;\">Imposto sobre o Valor Acrescentado (IVA) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tg_45_172\" style=\"left:550px;bottom:1031px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s4_45_172\" id=\"th_45_172\" style=\"left:585px;bottom:1031px;letter-spacing:1.11px;display:inline;\">22.886 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ti_45_172\" style=\"left:697px;bottom:1031px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tj_45_172\" style=\"left:747px;bottom:1031px;letter-spacing:1.11px;display:inline;\">17.571 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_45_172\" id=\"tk_45_172\" style=\"left:135px;bottom:1015px;letter-spacing:0.79px;word-spacing:0.22px;display:inline;\">Imposto sobre o Rendimento das Pessoas Coletivas </div><div class=\"t s5_45_172\" id=\"tl_45_172\" style=\"vertical-align: super;left:452px;bottom:1022px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tm_45_172\" style=\"left:504px;bottom:1015px;letter-spacing:1.13px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tn_45_172\" style=\"left:585px;bottom:1015px;letter-spacing:1.11px;display:inline;\">50.498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"to_45_172\" style=\"left:697px;bottom:1015px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tp_45_172\" style=\"left:727px;bottom:1015px;letter-spacing:1.11px;display:inline;\">1.147.515 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tq_45_172\" style=\"left:135px;bottom:999px;letter-spacing:0.8px;word-spacing:0.21px;display:inline;\">Imposto sobre o Rendimento das Pessoas Singulares </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tr_45_172\" style=\"left:585px;bottom:999px;letter-spacing:1.11px;display:inline;\">31.609 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ts_45_172\" style=\"left:697px;bottom:999px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tt_45_172\" style=\"left:747px;bottom:999px;letter-spacing:1.11px;display:inline;\">12.042 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tu_45_172\" style=\"left:135px;bottom:984px;letter-spacing:0.68px;word-spacing:0.45px;display:inline;\">Seguran\u00e7a Social </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tv_45_172\" style=\"left:550px;bottom:984px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tw_45_172\" style=\"left:585px;bottom:984px;letter-spacing:1.11px;display:inline;\">22.719 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tx_45_172\" style=\"left:697px;bottom:984px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ty_45_172\" style=\"left:747px;bottom:984px;letter-spacing:1.11px;display:inline;\">12.283 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tz_45_172\" style=\"left:123px;bottom:966px;letter-spacing:0.87px;word-spacing:0.2px;display:inline;\">Impostos em pa\u00edses estrangeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t10_45_172\" style=\"left:550px;bottom:962px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t11_45_172\" style=\"left:697px;bottom:962px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t12_45_172\" style=\"left:498px;bottom:939px;letter-spacing:1.88px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t13_45_172\" style=\"left:572px;bottom:939px;letter-spacing:1.88px;display:inline;\">127.711 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t14_45_172\" style=\"left:696px;bottom:939px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t15_45_172\" style=\"left:721px;bottom:939px;letter-spacing:1.82px;display:inline;\">1.189.412 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t16_45_172\" style=\"left:122px;bottom:924px;letter-spacing:1.37px;word-spacing:-0.4px;display:inline;\">Impostos n\u00e3o correntes </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t17_45_172\" style=\"left:135px;bottom:908px;letter-spacing:0.87px;word-spacing:0.2px;display:inline;\">Impostos em pa\u00edses estrangeiros </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t18_45_172\" style=\"left:613px;bottom:908px;letter-spacing:1.17px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t19_45_172\" style=\"left:697px;bottom:908px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t1a_45_172\" style=\"left:785px;bottom:908px;display:inline;\">- </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1b_45_172\" style=\"left:498px;bottom:885px;letter-spacing:1.88px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1c_45_172\" style=\"left:572px;bottom:885px;letter-spacing:1.88px;display:inline;\">127.736 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1d_45_172\" style=\"left:696px;bottom:885px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1e_45_172\" style=\"left:721px;bottom:885px;letter-spacing:1.82px;display:inline;\">1.189.412 </div></td></tr></table>\n<div class=\"t s5_45_172\" id=\"t1f_45_172\" style=\"left:110px;bottom:876px;display:inline;\">1 </div><span>Em 2025 o saldo devedor diz respeito aos pagamentos por conta a serem restituidos em Julho de 2026. </span><span>14. </span><div class=\"t s2_54\" id=\"t6_54\" style=\"left:169px;bottom:986px;letter-spacing:0.2px;word-spacing:-0.03px;display:inline;\">Contas a pagar </div><div class=\"t s0_54\" id=\"t7_54\" style=\"left:143px;bottom:952px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_54\" id=\"t8_54\" style=\"left:747px;bottom:915px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t9_54\" style=\"left:647px;bottom:900px;letter-spacing:-0.33px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"ta_54\" style=\"left:750px;bottom:900px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tb_54\" style=\"left:155px;bottom:869px;letter-spacing:-0.27px;word-spacing:-0.05px;display:inline;\">Contas a pagar </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tc_54\" style=\"left:156px;bottom:855px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">Fornecedores conta corrente </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"td_54\" style=\"left:639px;bottom:855px;letter-spacing:-0.23px;display:inline;\">24.359 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"te_54\" style=\"left:742px;bottom:855px;letter-spacing:-0.28px;display:inline;\">24.349 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tf_54\" style=\"left:156px;bottom:840px;letter-spacing:-0.27px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tg_54\" style=\"left:632px;bottom:840px;letter-spacing:-0.24px;display:inline;\">238.769 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"th_54\" style=\"left:742px;bottom:840px;letter-spacing:-0.28px;display:inline;\">64.963 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"ti_54\" style=\"left:627px;bottom:825px;letter-spacing:-0.29px;display:inline;\">263.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tj_54\" style=\"left:738px;bottom:825px;letter-spacing:-0.27px;display:inline;\">89.313 </div></td></tr></table>\n<div class=\"t s1_54\" id=\"tk_54\" style=\"left:143px;bottom:769px;letter-spacing:-0.05px;display:inline;\"><span>15. </span></div><div class=\"t s2_54\" id=\"tl_54\" style=\"left:169px;bottom:768px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Acr\u00e9scimo de custos </div><div class=\"t s0_54\" id=\"tm_54\" style=\"left:143px;bottom:734px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_54\" id=\"tn_54\" style=\"left:747px;bottom:697px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"to_54\" style=\"left:668px;bottom:681px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tp_54\" style=\"left:750px;bottom:681px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tq_54\" style=\"left:155px;bottom:651px;letter-spacing:-0.29px;word-spacing:0.01px;display:inline;\">Acr\u00e9scimos de custos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tr_54\" style=\"left:155px;bottom:637px;letter-spacing:-0.26px;word-spacing:0.1px;display:inline;\">Fornecimentos e servi\u00e7os externos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ts_54\" style=\"left:653px;bottom:637px;letter-spacing:-0.27px;display:inline;\">281.915 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tt_54\" style=\"left:735px;bottom:637px;letter-spacing:-0.23px;display:inline;\">170.249 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tu_54\" style=\"left:155px;bottom:622px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">Encargos com f\u00e9rias, subs\u00eddio de f\u00e9rias e outros encargos com pessoal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tv_54\" style=\"left:652px;bottom:622px;letter-spacing:-0.27px;display:inline;\">419.541 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tw_54\" style=\"left:735px;bottom:622px;letter-spacing:-0.23px;display:inline;\">430.505 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tx_54\" style=\"left:155px;bottom:607px;letter-spacing:-0.24px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ty_54\" style=\"left:660px;bottom:607px;letter-spacing:-0.23px;display:inline;\">14.534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tz_54\" style=\"left:742px;bottom:607px;letter-spacing:-0.28px;display:inline;\">12.579 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t10_54\" style=\"left:648px;bottom:592px;letter-spacing:-0.28px;display:inline;\">715.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t11_54\" style=\"left:730px;bottom:592px;letter-spacing:-0.29px;display:inline;\">613.332 </div></td></tr></table>\n<div class=\"t s1_54\" id=\"t12_54\" style=\"left:143px;bottom:536px;letter-spacing:-0.05px;display:inline;\"><span>16. </span></div><div class=\"t s2_54\" id=\"t13_54\" style=\"left:169px;bottom:535px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Garantias e Compromissos Financeiros e Contas a Receber </div><div class=\"t s0_54\" id=\"t14_54\" style=\"left:143px;bottom:501px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">A PHAROL, na sequ\u00eancia de ter sido a sociedade dominante do consolidado fiscal do Grupo PT, tem </div><div class=\"t s0_54\" id=\"t15_54\" style=\"left:143px;bottom:478px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">atualmente ainda em lit\u00edgio uma s\u00e9rie de liquida\u00e7\u00f5es fiscais dos anos anteriores a 2014. Em maio </div><div class=\"t s0_54\" id=\"t16_54\" style=\"left:143px;bottom:454px;letter-spacing:-0.01px;word-spacing:-0.4px;display:inline;\">de 2014, e, face ao acordo de combina\u00e7\u00e3o de neg\u00f3cios celebrado entre a PHAROL e a Oi S.A., todas </div><div class=\"t s0_54\" id=\"t17_54\" style=\"left:143px;bottom:430px;letter-spacing:-0.01px;word-spacing:-1.11px;display:inline;\">as responsabilidades inerentes a estas liquida\u00e7\u00f5es fiscais passaram para a Oi, tendo a PHAROL ficado </div><div class=\"t s0_54\" id=\"t18_54\" style=\"left:143px;bottom:407px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">solidariamente respons\u00e1vel. </div><div class=\"t s0_54\" id=\"t19_54\" style=\"left:143px;bottom:369px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">Desta forma, a PHAROL tem atualmente ativas contragarantias para fazer face a riscos de decis\u00f5es </div><div class=\"t s0_54\" id=\"t1a_54\" style=\"left:143px;bottom:345px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">judiciais desfavor\u00e1veis, nomeadamente, Garantias Banc\u00e1rias e Garantias prestadas pelaOi. </div><div class=\"t s0_54\" id=\"t1b_54\" style=\"left:143px;bottom:308px;letter-spacing:-0.02px;word-spacing:3.69px;display:inline;\">Em dezembro de 2024, PHAROL e a Oi assinaram um acordo para redefinir e esclarecer as </div><div class=\"t s0_54\" id=\"t1c_54\" style=\"left:143px;bottom:284px;letter-spacing:-0.02px;word-spacing:0.72px;display:inline;\">responsabilidades fiscais pendentes desde a fus\u00e3o da PT Portugal com a Oi em 2014, ajustando o </div><div class=\"t s0_54\" id=\"t1d_54\" style=\"left:143px;bottom:260px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">tratamento de reembolsos recebidos da Autoridade Tribut\u00e1ria. A PHAROL, respons\u00e1vel inicial pelos </div><div class=\"t s0_54\" id=\"t1e_54\" style=\"left:143px;bottom:237px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">processos fiscais, registava os reembolsos em passivo como saldos a esclarecer, somando \u20ac26,2M. </div><div class=\"t s0_54\" id=\"t1f_54\" style=\"left:143px;bottom:213px;letter-spacing:-0.03px;word-spacing:1.82px;display:inline;\">Com a revis\u00e3o do quadro contratual, foi acordado que a PHAROL receber\u00e1 todos os valores dos </div><div class=\"t s0_54\" id=\"t1g_54\" style=\"left:143px;bottom:190px;letter-spacing:-0.01px;word-spacing:0.77px;display:inline;\">pagamentos feitos antes de maio de 2014, descontando \u20ac22M de custos suportados por conta da </div><div class=\"t s0_54\" id=\"t1h_54\" style=\"left:143px;bottom:166px;letter-spacing:0.02px;display:inline;\">Oi. </div><div class=\"t s0_54\" id=\"t1i_54\" style=\"left:143px;bottom:128px;letter-spacing:-0.04px;word-spacing:1.36px;display:inline;\">Adicionalmente, em 31 de dezembro de 2025 e 2024, o montante de Garantias Banc\u00e1rias tem a </div><div class=\"t s0_54\" id=\"t1j_54\" style=\"left:143px;bottom:105px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">seguinte composi\u00e7\u00e3o: </div><div></div><table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_55\" id=\"t3_55\" style=\"left:747px;bottom:1089px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t4_55\" style=\"left:631px;bottom:1073px;letter-spacing:-0.29px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t5_55\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t6_55\" style=\"left:155px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Garantias banc\u00e1rias e outras garantias apresentadas a favor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t8_55\" style=\"left:597px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t9_55\" style=\"left:716px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">84.617.476 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t7_55\" style=\"left:151px;bottom:1027px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">das autoridades fiscais e outras entidades p\u00fablicas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"ta_55\" style=\"left:590px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"tb_55\" style=\"left:709px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">84.617.476 </div></td></tr>\n                                        </table>\n<div class=\"t s0_55\" id=\"tc_55\" style=\"left:143px;bottom:957px;letter-spacing:-0.02px;word-spacing:-0.75px;display:inline;\">As garantias banc\u00e1rias e outras garantias apresentadas a favor das autoridades fiscais inclu\u00edam 83,8 </div>\n<div class=\"t s0_55\" id=\"td_55\" style=\"left:143px;bottom:933px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">e 84,6milh\u00f5es de euros a 31 de dezembro de 2025 e de 2024, relacionadas com liquida\u00e7\u00f5es fiscais </div>\n<div class=\"t s0_55\" id=\"te_55\" style=\"left:143px;bottom:910px;letter-spacing:-0.04px;word-spacing:0.98px;display:inline;\">recebidas pela PHAROL. A Empresa impugnou judicialmente estas liquida\u00e7\u00f5es e, de acordo com a </div>\n<div class=\"t s0_55\" id=\"tf_55\" style=\"left:143px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.42px;display:inline;\">legisla\u00e7\u00e3o portuguesa, prestou garantia ap\u00f3s a instaura\u00e7\u00e3o de processo executivo, uma vez que, na </div>\n<div class=\"t s0_55\" id=\"tg_55\" style=\"left:143px;bottom:862px;letter-spacing:-0.02px;word-spacing:3.03px;display:inline;\">aus\u00eancia de garantia ou de pagamento do imposto impugnado, o processo prosseguiria at\u00e9 \u00e0 </div>\n<div class=\"t s0_55\" id=\"th_55\" style=\"left:143px;bottom:839px;letter-spacing:-0.03px;word-spacing:4.88px;display:inline;\">penhora de bens suficientes para satisfazer o imposto liquidado. A lei portuguesa, embora </div>\n<div class=\"t s0_55\" id=\"ti_55\" style=\"left:143px;bottom:815px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">permitindo sempre a impugna\u00e7\u00e3o dos impostos liquidados oficiosamente pela administra\u00e7\u00e3o fiscal, </div>\n<div class=\"t s0_55\" id=\"tj_55\" style=\"left:143px;bottom:792px;letter-spacing:-0.02px;word-spacing:1.23px;display:inline;\">s\u00f3 suspende o processo executivo se houver pagamento do imposto ou presta\u00e7\u00e3o de garantia. A </div>\n<div class=\"t s0_55\" id=\"tk_55\" style=\"left:143px;bottom:768px;letter-spacing:-0.01px;word-spacing:0.6px;display:inline;\">presta\u00e7\u00e3o de garantia evita assim o pagamento do imposto antes da decis\u00e3o da impugna\u00e7\u00e3o ou a </div>\n<div class=\"t s0_55\" id=\"tl_55\" style=\"left:143px;bottom:745px;letter-spacing:-0.04px;display:inline;\">penhora de bens em processo executivo. </div>\n<div class=\"t s0_55\" id=\"tm_55\" style=\"left:143px;bottom:707px;letter-spacing:-0.02px;word-spacing:2.16px;display:inline;\">Parte das garantias prestadas anteriormente foi cancelada face \u00e0 morosidade e caducidade dos </div>\n<div class=\"t s0_55\" id=\"tn_55\" style=\"left:143px;bottom:683px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">processos. Durante 2025, foi cancelada mais uma garantia no valor de 756 mil Euros. </div>\n<div class=\"t s0_55\" id=\"to_55\" style=\"left:143px;bottom:645px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">N\u00e3o obstante a caducidade e consequente cancelamento de parte das Garantias, a maior parte dos </div>\n<div class=\"t s0_55\" id=\"tp_55\" style=\"left:143px;bottom:622px;letter-spacing:-0.01px;word-spacing:1.93px;display:inline;\">processos fiscais mant\u00e9m-se em curso continuando a Oi respons\u00e1vel pelos mesmos, podendo o </div>\n<div class=\"t s0_55\" id=\"tq_55\" style=\"left:143px;bottom:598px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">montante total ascender at\u00e9 153,2 milh\u00f5es de euros. Contudo, eventuais decis\u00f5es desfavor\u00e1veis </div>\n<div class=\"t s0_55\" id=\"tr_55\" style=\"left:143px;bottom:575px;letter-spacing:-0.02px;word-spacing:0.1px;display:inline;\">ser\u00e3o absorvidas pelos valores de preju\u00edzos fiscais apurados nos anos de 2011, 2012 e 2013 e que </div>\n<div class=\"t s0_55\" id=\"ts_55\" style=\"left:143px;bottom:551px;letter-spacing:-0.02px;word-spacing:0.2px;display:inline;\">n\u00e3o foram utilizados at\u00e9 ao ano de 2018, num montante que se estima at\u00e9 11,8 milh\u00f5es de euros, </div>\n<div class=\"t s0_55\" id=\"tt_55\" style=\"left:143px;bottom:528px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">tendo assim o potencial de reduzir os processos para 141,4 milh\u00f5es de euros. Ainda no \u00e2mbito dos </div>\n<div class=\"t s0_55\" id=\"tu_55\" style=\"left:143px;bottom:504px;letter-spacing:-0.02px;word-spacing:-0.89px;display:inline;\">acordos celebrados, a Oi encontra-se tamb\u00e9m obrigada a substituir as garantias banc\u00e1rias prestadas </div>\n<div class=\"t s0_55\" id=\"tv_55\" style=\"left:143px;bottom:480px;word-spacing:0.21px;display:inline;\">pela PHAROL \u00e0 Autoridade Tribut\u00e1ria por garantias prestadas pela Oi. Nos casos em que n\u00e3o fosse </div>\n<div class=\"t s0_55\" id=\"tw_55\" style=\"left:143px;bottom:457px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">poss\u00edvel esta substitui\u00e7\u00e3o, a Oi comprometeu-se a prestar garantias equivalentes em favor da </div>\n<div class=\"t s0_55\" id=\"tx_55\" style=\"left:143px;bottom:433px;letter-spacing:-0.04px;word-spacing:2.04px;display:inline;\">PHAROL. Em 2025, a Oi S.A. enfrentou novas etapas de Recupera\u00e7\u00e3o Judicial e at\u00e9 amea\u00e7a de </div>\n<div class=\"t s0_55\" id=\"ty_55\" style=\"left:143px;bottom:410px;letter-spacing:-0.03px;word-spacing:-0.61px;display:inline;\">declara\u00e7\u00e3o de fal\u00eancia, encontrando-se a operar sob administra\u00e7\u00e3o judicial, com vista \u00e0 preserva\u00e7\u00e3o </div>\n<div class=\"t s0_55\" id=\"tz_55\" style=\"left:143px;bottom:386px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">dos ativos e \u00e0 continuidade dos servi\u00e7os essenciais durante o processo de liquida\u00e7\u00e3o. </div>\n<div class=\"t s0_55\" id=\"t10_55\" style=\"left:143px;bottom:348px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">Como tal, a 31 de dezembro de 2025, encontra-se vigente um contrato de penhor constitu\u00eddo sobre </div>\n<div class=\"t s0_55\" id=\"t11_55\" style=\"left:143px;bottom:325px;letter-spacing:-0.03px;word-spacing:0.24px;display:inline;\">64.401.909 a\u00e7\u00f5es ordin\u00e1rias de emiss\u00e3o da Oi (no valor de 170 mil de Euros a 31 de dezembro de </div>\n<div class=\"t s0_55\" id=\"t12_55\" style=\"left:143px;bottom:301px;letter-spacing:-0.01px;word-spacing:-0.52px;display:inline;\">2025), e um dep\u00f3sito em conta garantia no montante de 7.861.752,30 Euros, destinados a garantir </div>\n<div class=\"t s0_55\" id=\"t13_55\" style=\"left:143px;bottom:278px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">a PHAROL em caso de eventual condena\u00e7\u00e3o em conting\u00eancias tribut\u00e1rias da responsabilidade da Oi. </div>\n<div class=\"t s0_55\" id=\"t14_55\" style=\"left:143px;bottom:254px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">Na eventualidade de este montante ser totalmente utilizado em conting\u00eancias fiscais, a Oi S.A. </div>\n<div class=\"t s0_55\" id=\"t15_55\" style=\"left:143px;bottom:230px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">compromete-se a refor\u00e7ar as contragarantias vigentes. </div>\n<div class=\"t s0_55\" id=\"t16_55\" style=\"left:143px;bottom:192px;letter-spacing:-0.01px;word-spacing:0.76px;display:inline;\">Desta forma, o valor de potenciais conting\u00eancias fiscais para a PHAROL, \u00e9 atualmente de at\u00e9 153 </div>\n<div class=\"t s0_55\" id=\"t17_55\" style=\"left:143px;bottom:169px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">milh\u00f5es de euros (147 milh\u00f5es de euros em 2024). Destes, os processos com risco poss\u00edvel ou </div>\n<div class=\"t s0_55\" id=\"t18_55\" style=\"left:143px;bottom:145px;letter-spacing:-0.03px;word-spacing:-0.75px;display:inline;\">prov\u00e1vel de perda para a PHAROL ascendem ao montante l\u00edquido de cerca de 12,7 milh\u00f5es de euros, </div><div></div><div class=\"t s0_56_174\" id=\"t3_56_174\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">aos quais deve ser deduzido o valor de 9,7 milh\u00f5es de euros de corre\u00e7\u00f5es favor\u00e1veis \u00e0 empresa, de </div><div class=\"t s0_56_174\" id=\"t4_56_174\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">acordo com a estimativa dos consultores fiscais. </div><div class=\"t s0_56_174\" id=\"t5_56_174\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:6.09px;display:inline;\">A rubrica Contas a Receber refere-se, maioritariamente, ao montante de 613 mil euros, </div><div class=\"t s0_56_174\" id=\"t6_56_174\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">correspondente \u00e0s comiss\u00f5es associadas \u00e0s garantias banc\u00e1rias referentes aos 12 meses de 2025 </div><span>que, nos termos dos acordos em vigor com a Oi, s\u00e3o da responsabilidade desta. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00203": {
   "value": "<span>11. </span><div class=\"t s5_44\" id=\"t1y_44\" style=\"left:169px;bottom:339px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Impostos a pagar e recuperar </div><div class=\"t s0_44\" id=\"t1z_44\" style=\"left:143px;bottom:305px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><div></div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t4_45_172\" style=\"left:752px;bottom:1157px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t5_45_172\" style=\"left:581px;bottom:1138px;letter-spacing:1.8px;word-spacing:-1.02px;display:inline;\">31 Dez </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t7_45_172\" style=\"left:743px;bottom:1138px;letter-spacing:1.8px;word-spacing:-1.02px;display:inline;\">31 Dez </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t6_45_172\" style=\"left:593px;bottom:1123px;letter-spacing:2.07px;display:inline;\">2025 </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t8_45_172\" style=\"left:756px;bottom:1123px;letter-spacing:2.07px;display:inline;\">2024 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t9_45_172\" style=\"left:498px;bottom:1104px;letter-spacing:1.36px;display:inline;\">Devedor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"ta_45_172\" style=\"left:582px;bottom:1104px;letter-spacing:1.08px;display:inline;\">Credor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"tb_45_172\" style=\"left:645px;bottom:1104px;letter-spacing:1.36px;display:inline;\">Devedor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"tc_45_172\" style=\"left:744px;bottom:1104px;letter-spacing:1.08px;display:inline;\">Credor </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"td_45_172\" style=\"left:122px;bottom:1062px;letter-spacing:1.38px;word-spacing:-0.41px;display:inline;\">Impostos correntes </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"te_45_172\" style=\"left:123px;bottom:1046px;letter-spacing:0.77px;word-spacing:0.28px;display:inline;\">Opera\u00e7\u00f5es em Portugal </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tf_45_172\" style=\"left:135px;bottom:1031px;letter-spacing:0.87px;word-spacing:0.16px;display:inline;\">Imposto sobre o Valor Acrescentado (IVA) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tg_45_172\" style=\"left:550px;bottom:1031px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"> <div class=\"t s4_45_172\" id=\"th_45_172\" style=\"left:585px;bottom:1031px;letter-spacing:1.11px;display:inline;\">22.886 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ti_45_172\" style=\"left:697px;bottom:1031px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tj_45_172\" style=\"left:747px;bottom:1031px;letter-spacing:1.11px;display:inline;\">17.571 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\" style=\"text-wrap: nowrap;\"><div class=\"t s4_45_172\" id=\"tk_45_172\" style=\"left:135px;bottom:1015px;letter-spacing:0.79px;word-spacing:0.22px;display:inline;\">Imposto sobre o Rendimento das Pessoas Coletivas </div><div class=\"t s5_45_172\" id=\"tl_45_172\" style=\"vertical-align: super;left:452px;bottom:1022px;display:inline;\">1 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tm_45_172\" style=\"left:504px;bottom:1015px;letter-spacing:1.13px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tn_45_172\" style=\"left:585px;bottom:1015px;letter-spacing:1.11px;display:inline;\">50.498 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"to_45_172\" style=\"left:697px;bottom:1015px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tp_45_172\" style=\"left:727px;bottom:1015px;letter-spacing:1.11px;display:inline;\">1.147.515 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tq_45_172\" style=\"left:135px;bottom:999px;letter-spacing:0.8px;word-spacing:0.21px;display:inline;\">Imposto sobre o Rendimento das Pessoas Singulares </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tr_45_172\" style=\"left:585px;bottom:999px;letter-spacing:1.11px;display:inline;\">31.609 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ts_45_172\" style=\"left:697px;bottom:999px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tt_45_172\" style=\"left:747px;bottom:999px;letter-spacing:1.11px;display:inline;\">12.042 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tu_45_172\" style=\"left:135px;bottom:984px;letter-spacing:0.68px;word-spacing:0.45px;display:inline;\">Seguran\u00e7a Social </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tv_45_172\" style=\"left:550px;bottom:984px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tw_45_172\" style=\"left:585px;bottom:984px;letter-spacing:1.11px;display:inline;\">22.719 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tx_45_172\" style=\"left:697px;bottom:984px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"ty_45_172\" style=\"left:747px;bottom:984px;letter-spacing:1.11px;display:inline;\">12.283 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"tz_45_172\" style=\"left:123px;bottom:966px;letter-spacing:0.87px;word-spacing:0.2px;display:inline;\">Impostos em pa\u00edses estrangeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t10_45_172\" style=\"left:550px;bottom:962px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t11_45_172\" style=\"left:697px;bottom:962px;display:inline;\">- </div></td><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t12_45_172\" style=\"left:498px;bottom:939px;letter-spacing:1.88px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t13_45_172\" style=\"left:572px;bottom:939px;letter-spacing:1.88px;display:inline;\">127.711 </div></td><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t14_45_172\" style=\"left:696px;bottom:939px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t15_45_172\" style=\"left:721px;bottom:939px;letter-spacing:1.82px;display:inline;\">1.189.412 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t16_45_172\" style=\"left:122px;bottom:924px;letter-spacing:1.37px;word-spacing:-0.4px;display:inline;\">Impostos n\u00e3o correntes </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t17_45_172\" style=\"left:135px;bottom:908px;letter-spacing:0.87px;word-spacing:0.2px;display:inline;\">Impostos em pa\u00edses estrangeiros </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t18_45_172\" style=\"left:613px;bottom:908px;letter-spacing:1.17px;display:inline;\">25 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t19_45_172\" style=\"left:697px;bottom:908px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t1a_45_172\" style=\"left:785px;bottom:908px;display:inline;\">- </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1b_45_172\" style=\"left:498px;bottom:885px;letter-spacing:1.88px;display:inline;\">705.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1c_45_172\" style=\"left:572px;bottom:885px;letter-spacing:1.88px;display:inline;\">127.736 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1d_45_172\" style=\"left:696px;bottom:885px;display:inline;\">- </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t1e_45_172\" style=\"left:721px;bottom:885px;letter-spacing:1.82px;display:inline;\">1.189.412 </div></td></tr></table>\n<div class=\"t s5_45_172\" id=\"t1f_45_172\" style=\"left:110px;bottom:876px;display:inline;\">1 </div><span>Em 2025 o saldo devedor diz respeito aos pagamentos por conta a serem restituidos em Julho de 2026. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00206": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div><div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAvailableforsaleAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00207": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00209": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsHeldForTradingExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00210": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00211": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsHeldForTradingExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00213": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00214": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00215": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00216": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00208": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00212": {
   "value": "<span>12. </span><div class=\"t s7_45_172\" id=\"t1i_45_172\" style=\"left:138px;bottom:828px;letter-spacing:1.34px;word-spacing:-0.14px;display:inline;\">Ativos Financeiros </div><div class=\"t s1_45_172\" id=\"t1j_45_172\" style=\"left:110px;bottom:791px;letter-spacing:0.72px;word-spacing:1.2px;display:inline;\">Os ativos financeiros englobam: 1) carteiras de a\u00e7\u00f5es e obriga\u00e7\u00f5es no valor de 27,76 milh\u00f5es de </div><div class=\"t s1_45_172\" id=\"t1k_45_172\" style=\"left:110px;bottom:766px;letter-spacing:0.79px;word-spacing:2.76px;display:inline;\">Euros e 26,98 milh\u00f5es de Euros respetivamente em 31 de dezembro de 2025 e 2024, e 2) o </div><div class=\"t s1_45_172\" id=\"t1l_45_172\" style=\"left:110px;bottom:741px;letter-spacing:0.73px;word-spacing:1.17px;display:inline;\">investimento da PHAROL na Oi, de 0,02% (12 mil Euros) em 31 de dezembro de 2024. Todos os </div><div class=\"t s1_45_172\" id=\"t1m_45_172\" style=\"left:110px;bottom:716px;letter-spacing:0.7px;word-spacing:0.13px;display:inline;\">ativos financeiros se encontram contabilizados ao valor de mercado. </div><div class=\"t s6_45_172\" id=\"t1n_45_172\" style=\"left:165px;bottom:676px;letter-spacing:1.27px;word-spacing:-0.46px;display:inline;\">Carteiras de Investimento </div><div class=\"t s1_45_172\" id=\"t1o_45_172\" style=\"left:110px;bottom:635px;letter-spacing:0.65px;word-spacing:1.21px;display:inline;\">A PHAROL subscreveu duas carteiras de investimento em ativos financeiros em agosto de 2022 e </div><div class=\"t s1_45_172\" id=\"t1p_45_172\" style=\"left:110px;bottom:610px;letter-spacing:0.74px;word-spacing:0.77px;display:inline;\">mais duas em agosto de 2023, compostas maioritariamente por grupos de ativos de Obriga\u00e7\u00f5es e </div><div class=\"t s1_45_172\" id=\"t1q_45_172\" style=\"left:110px;bottom:585px;letter-spacing:0.63px;word-spacing:2.57px;display:inline;\">A\u00e7\u00f5es de empresas cotadas. As carteiras s\u00e3o geridas por entidades banc\u00e1rias que t\u00eam o poder </div><div class=\"t s1_45_172\" id=\"t1r_45_172\" style=\"left:110px;bottom:560px;letter-spacing:0.72px;word-spacing:-0.67px;display:inline;\">discricion\u00e1rio de compra e venda dos ativos que a comp\u00f5em, com as quais foi celebrado um contrato </div><div class=\"t s1_45_172\" id=\"t1s_45_172\" style=\"left:110px;bottom:535px;letter-spacing:0.77px;word-spacing:0.58px;display:inline;\">que pressup\u00f5e a manuten\u00e7\u00e3o destas carteiras por um prazo superior a um ano, garantindo-se, no </div><div class=\"t s1_45_172\" id=\"t1t_45_172\" style=\"left:110px;bottom:510px;letter-spacing:0.74px;word-spacing:2.09px;display:inline;\">entanto, elevada liquidez. Estes ativos financeiros fazem parte de uma carteira de instrumentos </div><div class=\"t s1_45_172\" id=\"t1u_45_172\" style=\"left:110px;bottom:485px;letter-spacing:0.7px;word-spacing:-0.3px;display:inline;\">financeiros identificados e para os quais existe evid\u00eancia de um padr\u00e3o recente de tomada de lucros </div><div class=\"t s1_45_172\" id=\"t1v_45_172\" style=\"left:110px;bottom:460px;letter-spacing:0.74px;word-spacing:3.01px;display:inline;\">no curto e m\u00e9dio prazo. No momento do reconhecimento inicial, s\u00e3o registados pelo custo de </div><div class=\"t s1_45_172\" id=\"t1w_45_172\" style=\"left:110px;bottom:435px;letter-spacing:0.69px;word-spacing:2.13px;display:inline;\">aquisi\u00e7\u00e3o e subsequentemente ao justo valor, com as varia\u00e7\u00f5es de justo valor reconhecidas em </div><div class=\"t s1_45_172\" id=\"t1x_45_172\" style=\"left:110px;bottom:410px;letter-spacing:0.74px;word-spacing:0.98px;display:inline;\">resultados. Relativamente a estes ativos, a 31 de dezembro de 2025 a varia\u00e7\u00e3o do justo valor da </div><div class=\"t s1_45_172\" id=\"t1y_45_172\" style=\"left:110px;bottom:385px;letter-spacing:0.73px;word-spacing:0.1px;display:inline;\">carteira \u00e9 conforme segue: </div><table><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_45_172\" id=\"t1z_45_172\" style=\"left:118px;bottom:339px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s8_45_172\" id=\"t20_45_172\" style=\"left:752px;bottom:322px;letter-spacing:1.33px;display:inline;\">euros </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t21_45_172\" style=\"left:123px;bottom:289px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t22_45_172\" style=\"left:593px;bottom:289px;letter-spacing:1.34px;display:inline;\">(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t23_45_172\" style=\"left:720px;bottom:288px;letter-spacing:1.13px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t24_45_172\" style=\"left:123px;bottom:272px;letter-spacing:0.89px;word-spacing:0.17px;display:inline;\">Valor da carteira em 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t25_45_172\" style=\"left:593px;bottom:272px;letter-spacing:1.34px;display:inline;\">(2) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t26_45_172\" style=\"left:720px;bottom:271px;letter-spacing:1.13px;display:inline;\">27.758.393 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t27_45_172\" style=\"left:118px;bottom:248px;letter-spacing:1.23px;word-spacing:-0.32px;display:inline;\">Varia\u00e7\u00e3o justo valor da Carteira </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t28_45_172\" style=\"left:566px;bottom:248px;letter-spacing:1.59px;display:inline;\">(3)=(2)-(1) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t29_45_172\" style=\"left:734px;bottom:251px;letter-spacing:1.88px;display:inline;\">778.997 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2a_45_172\" style=\"left:123px;bottom:216px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2024 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2b_45_172\" style=\"left:593px;bottom:216px;letter-spacing:1.34px;display:inline;\">(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2c_45_172\" style=\"left:727px;bottom:216px;letter-spacing:1.11px;display:inline;\">2.061.648 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2d_45_172\" style=\"left:123px;bottom:201px;letter-spacing:0.71px;word-spacing:0.33px;display:inline;\">Refor\u00e7o do Fundo de Tesouraria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2e_45_172\" style=\"left:593px;bottom:201px;letter-spacing:1.34px;display:inline;\">(5) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2f_45_172\" style=\"left:727px;bottom:200px;letter-spacing:1.11px;display:inline;\">1.300.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2g_45_172\" style=\"left:123px;bottom:185px;letter-spacing:0.82px;word-spacing:0.23px;display:inline;\">Valor do Fundo de Tesouraria a 31 de dezembro de 2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2h_45_172\" style=\"left:593px;bottom:185px;letter-spacing:1.34px;display:inline;\">(6) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2i_45_172\" style=\"left:727px;bottom:185px;letter-spacing:1.11px;display:inline;\">3.415.636 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2j_45_172\" style=\"left:118px;bottom:147px;letter-spacing:1.36px;word-spacing:-0.48px;display:inline;\">Varia\u00e7\u00e3o de Fundo de Tesouraria (reportado na Nota 15) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2k_45_172\" style=\"left:554px;bottom:147px;letter-spacing:1.55px;display:inline;\">(7)=(6)-(5)-(4) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2l_45_172\" style=\"left:743px;bottom:150px;letter-spacing:1.86px;display:inline;\">53.988 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2m_45_172\" style=\"left:118px;bottom:124px;letter-spacing:1.2px;word-spacing:-0.28px;display:inline;\">Ganhos em outros ativos financeiros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_45_172\" id=\"t2n_45_172\" style=\"left:564px;bottom:124px;letter-spacing:1.75px;display:inline;\">(8)=(3)+(7) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_45_172\" id=\"t2o_45_172\" style=\"left:734px;bottom:127px;letter-spacing:1.88px;display:inline;\">832.986 </div></td></tr></table><div></div>\n<div class=\"t s0_46\" id=\"t3_46\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Relativamente a estes ativos, a 31 de dezembro de 2025 e 2024, a carteira \u00e9 composta conforme </div>\n<div class=\"t s0_46\" id=\"t4_46\" style=\"left:143px;bottom:1064px;letter-spacing:0.04px;display:inline;\">segue: </div>\n<div class=\"t s1_46\" id=\"t5_46\" style=\"left:151px;bottom:1026px;letter-spacing:-0.26px;word-spacing:-0.19px;display:inline;\">Composi\u00e7\u00e3o da Carteira </div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_46\" id=\"t6_46\" style=\"left:747px;bottom:994px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t7_46\" style=\"left:571px;bottom:959px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t8_46\" style=\"left:751px;bottom:959px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t9_46\" style=\"left:155px;bottom:926px;letter-spacing:-0.29px;word-spacing:0.04px;display:inline;\">Grupo de Ativos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ta_46\" style=\"left:151px;bottom:910px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tb_46\" style=\"left:556px;bottom:910px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tc_46\" style=\"left:724px;bottom:910px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"td_46\" style=\"left:151px;bottom:894px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"te_46\" style=\"left:544px;bottom:894px;letter-spacing:-0.26px;display:inline;\">5.225.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tf_46\" style=\"left:735px;bottom:894px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tg_46\" style=\"left:151px;bottom:878px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Obriga\u00e7\u00f5es Investment Grade </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"th_46\" style=\"left:537px;bottom:878px;letter-spacing:-0.26px;display:inline;\">13.282.337 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ti_46\" style=\"left:716px;bottom:878px;letter-spacing:-0.24px;display:inline;\">20.620.138 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tj_46\" style=\"left:151px;bottom:862px;letter-spacing:-0.27px;word-spacing:0.1px;display:inline;\">Obriga\u00e7\u00f5es High Yield E Mercados Emergentes </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tk_46\" style=\"left:544px;bottom:862px;letter-spacing:-0.25px;display:inline;\">6.863.441 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tl_46\" style=\"left:724px;bottom:862px;letter-spacing:-0.26px;display:inline;\">3.310.948 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tm_46\" style=\"left:151px;bottom:846px;letter-spacing:-0.19px;display:inline;\">A\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tn_46\" style=\"left:544px;bottom:846px;letter-spacing:-0.25px;display:inline;\">1.419.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"to_46\" style=\"left:724px;bottom:846px;letter-spacing:-0.26px;display:inline;\">1.366.862 </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tp_46\" style=\"left:537px;bottom:829px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tq_46\" style=\"left:716px;bottom:829px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"tr_46\" style=\"left:155px;bottom:812px;letter-spacing:-0.3px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o Geogr\u00e1fica </div></td><td class=\"tcs-selection-enabled tcs-selected emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ts_46\" style=\"left:151px;bottom:796px;letter-spacing:-0.26px;word-spacing:0.11px;display:inline;\">Europa (ex-RU) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tt_46\" style=\"left:537px;bottom:796px;letter-spacing:-0.26px;display:inline;\">18.621.730 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tu_46\" style=\"left:716px;bottom:796px;letter-spacing:-0.24px;display:inline;\">15.902.761 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tv_46\" style=\"left:151px;bottom:779px;letter-spacing:-0.19px;display:inline;\">EUA </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tw_46\" style=\"left:544px;bottom:779px;letter-spacing:-0.25px;display:inline;\">4.438.883 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tx_46\" style=\"left:724px;bottom:779px;letter-spacing:-0.26px;display:inline;\">6.289.269 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"ty_46\" style=\"left:151px;bottom:763px;letter-spacing:-0.25px;word-spacing:-0.13px;display:inline;\">Outros Desenvolvidos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"tz_46\" style=\"left:544px;bottom:763px;letter-spacing:-0.26px;display:inline;\">1.179.951 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t10_46\" style=\"left:735px;bottom:763px;letter-spacing:-0.24px;display:inline;\">765.446 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t11_46\" style=\"left:151px;bottom:747px;letter-spacing:-0.25px;word-spacing:0.23px;display:inline;\">Reino Unido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t12_46\" style=\"left:544px;bottom:747px;letter-spacing:-0.25px;display:inline;\">2.098.732 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t13_46\" style=\"left:724px;bottom:747px;letter-spacing:-0.26px;display:inline;\">1.978.934 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t14_46\" style=\"left:151px;bottom:731px;letter-spacing:-0.23px;display:inline;\">Jap\u00e3o </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t15_46\" style=\"left:556px;bottom:731px;letter-spacing:-0.23px;display:inline;\">344.320 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t16_46\" style=\"left:735px;bottom:731px;letter-spacing:-0.24px;display:inline;\">877.000 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t17_46\" style=\"left:151px;bottom:715px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t18_46\" style=\"left:556px;bottom:715px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t19_46\" style=\"left:724px;bottom:715px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1a_46\" style=\"left:151px;bottom:699px;letter-spacing:-0.27px;word-spacing:0.02px;display:inline;\">Outros em Desenvolvimento </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1b_46\" style=\"left:556px;bottom:699px;letter-spacing:-0.23px;display:inline;\">107.047 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1c_46\" style=\"left:742px;bottom:699px;letter-spacing:-0.22px;display:inline;\">99.503 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1d_46\" style=\"left:537px;bottom:682px;letter-spacing:-0.25px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1e_46\" style=\"left:716px;bottom:682px;letter-spacing:-0.24px;display:inline;\">26.979.396 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t1f_46\" style=\"left:155px;bottom:665px;letter-spacing:-0.29px;word-spacing:0.1px;display:inline;\">Grupo por aloca\u00e7\u00e3o sectorial </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"tcs-selection-enabled\" colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1g_46\" style=\"left:151px;bottom:649px;letter-spacing:-0.22px;display:inline;\">Financeiro </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1h_46\" style=\"left:544px;bottom:649px;letter-spacing:-0.25px;display:inline;\">9.202.846 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1i_46\" style=\"left:716px;bottom:649px;letter-spacing:-0.24px;display:inline;\">12.613.245 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1j_46\" style=\"left:151px;bottom:633px;letter-spacing:-0.23px;display:inline;\">Fundos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1k_46\" style=\"left:544px;bottom:633px;letter-spacing:-0.25px;display:inline;\">3.274.554 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1l_46\" style=\"left:724px;bottom:633px;letter-spacing:-0.26px;display:inline;\">2.027.052 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1m_46\" style=\"left:151px;bottom:616px;letter-spacing:-0.24px;word-spacing:-0.05px;display:inline;\">Bens de consumo c\u00edclico </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1n_46\" style=\"left:544px;bottom:616px;letter-spacing:-0.25px;display:inline;\">3.479.520 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1o_46\" style=\"left:724px;bottom:616px;letter-spacing:-0.26px;display:inline;\">4.284.010 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1p_46\" style=\"left:151px;bottom:600px;letter-spacing:-0.25px;word-spacing:-0.06px;display:inline;\">Consumos n\u00e3o c\u00edclicos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1q_46\" style=\"left:544px;bottom:600px;letter-spacing:-0.25px;display:inline;\">2.199.038 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1r_46\" style=\"left:724px;bottom:600px;letter-spacing:-0.26px;display:inline;\">1.876.236 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1s_46\" style=\"left:151px;bottom:584px;letter-spacing:-0.19px;display:inline;\">Ind\u00fastria </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1t_46\" style=\"left:544px;bottom:584px;letter-spacing:-0.26px;display:inline;\">1.137.030 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1u_46\" style=\"left:735px;bottom:584px;letter-spacing:-0.24px;display:inline;\">913.701 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1v_46\" style=\"left:151px;bottom:568px;letter-spacing:-0.26px;display:inline;\">Comunica\u00e7\u00f5es </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1w_46\" style=\"left:556px;bottom:568px;letter-spacing:-0.23px;display:inline;\">556.963 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1x_46\" style=\"left:735px;bottom:568px;letter-spacing:-0.24px;display:inline;\">760.946 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1y_46\" style=\"left:151px;bottom:552px;letter-spacing:-0.24px;display:inline;\">Mat\u00e9rias-primas </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t1z_46\" style=\"left:556px;bottom:552px;letter-spacing:-0.23px;display:inline;\">207.061 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t20_46\" style=\"left:735px;bottom:552px;letter-spacing:-0.24px;display:inline;\">558.148 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t21_46\" style=\"left:151px;bottom:536px;letter-spacing:-0.22px;display:inline;\">Liquidez </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t22_46\" style=\"left:556px;bottom:536px;letter-spacing:-0.23px;display:inline;\">967.729 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t23_46\" style=\"left:724px;bottom:536px;letter-spacing:-0.25px;display:inline;\">1.066.483 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t24_46\" style=\"left:151px;bottom:520px;letter-spacing:-0.2px;display:inline;\">Energia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t25_46\" style=\"left:556px;bottom:520px;letter-spacing:-0.24px;display:inline;\">680.194 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t26_46\" style=\"left:735px;bottom:520px;letter-spacing:-0.24px;display:inline;\">421.892 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t27_46\" style=\"left:151px;bottom:503px;letter-spacing:-0.2px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t28_46\" style=\"left:597px;bottom:503px;display:inline;\">0 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t29_46\" style=\"left:735px;bottom:503px;letter-spacing:-0.24px;display:inline;\">265.555 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2a_46\" style=\"left:151px;bottom:487px;letter-spacing:-0.22px;display:inline;\">D\u00edvida P\u00fablica </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2b_46\" style=\"left:544px;bottom:487px;letter-spacing:-0.26px;display:inline;\">4.197.885 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2c_46\" style=\"left:735px;bottom:487px;letter-spacing:-0.24px;display:inline;\">614.965 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2d_46\" style=\"left:151px;bottom:471px;letter-spacing:-0.24px;display:inline;\">Tecnologia </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2e_46\" style=\"left:556px;bottom:471px;letter-spacing:-0.23px;display:inline;\">198.847 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2f_46\" style=\"left:743px;bottom:471px;letter-spacing:-0.22px;display:inline;\">99.755 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2g_46\" style=\"left:151px;bottom:455px;letter-spacing:-0.18px;display:inline;\">Utilities </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2h_46\" style=\"left:544px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.656.727 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_46\" id=\"t2i_46\" style=\"left:724px;bottom:455px;letter-spacing:-0.25px;display:inline;\">1.477.407 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2j_46\" style=\"left:530px;bottom:438px;letter-spacing:-0.3px;display:inline;\">27.758.393 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_46\" id=\"t2k_46\" style=\"left:710px;bottom:438px;letter-spacing:-0.33px;display:inline;\">26.979.396 </div></td></tr>\n                                        </table>\n<div class=\"t s4_46\" id=\"t2l_46\" style=\"left:195px;bottom:384px;letter-spacing:-0.06px;word-spacing:0.25px;display:inline;\">Investimento na Oi </div>\n<div class=\"t s0_46\" id=\"t2m_46\" style=\"left:143px;bottom:346px;letter-spacing:-0.01px;word-spacing:1.25px;display:inline;\">Desde 31 de dezembro de 2017, o investimento da PHAROL na Oi passou a ser mensurado pelo </div>\n<div class=\"t s0_46\" id=\"t2n_46\" style=\"left:143px;bottom:322px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">justo valor, deixando de ser classificado como associada e avaliado pelo m\u00e9todo de equival\u00eancia </div>\n<div class=\"t s0_46\" id=\"t2o_46\" style=\"left:143px;bottom:298px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">patrimonial. A partir dessa data, o investimento foi reclassificado como \"Ativo Financeiro\" e </div>\n<div class=\"t s0_46\" id=\"t2p_46\" style=\"left:143px;bottom:275px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">contabilizado ao valor de mercado. </div>\n<div class=\"t s0_46\" id=\"t2q_46\" style=\"left:143px;bottom:237px;letter-spacing:-0.01px;word-spacing:-0.97px;display:inline;\">Em 2024 e 2023, a PHAROL liquidou parte da posi\u00e7\u00e3o na Oi, ficando com uma posi\u00e7\u00e3o final de 0,02% </div>\n<div class=\"t s0_46\" id=\"t2r_46\" style=\"left:143px;bottom:213px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">(12 mil Euros) e 0,18% (130 mil Euros) respetivamente. Em 2025 a PHAROL liquidou a participa\u00e7\u00e3o </div>\n<div class=\"t s0_46\" id=\"t2s_46\" style=\"left:143px;bottom:190px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">na Oi na sua totalidade. </div>\n<div class=\"t s0_46\" id=\"t2t_46\" style=\"left:143px;bottom:152px;letter-spacing:-0.04px;word-spacing:0.31px;display:inline;\">Em maio de 2023, no \u00e2mbito do processo aberto em 2016 pela CVM no Brasil em que a PHAROL \u00e9 </div>\n<div class=\"t s0_46\" id=\"t2u_46\" style=\"left:143px;bottom:128px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">r\u00e9u, foi proferida decis\u00e3o de condena\u00e7\u00e3o da PHAROL \u00e0 penalidade de multa pecuni\u00e1ria, no valor de </div>\n<div class=\"t s0_46\" id=\"t2v_46\" style=\"left:143px;bottom:105px;letter-spacing:-0.04px;word-spacing:0.62px;display:inline;\">400 mil reais (aproximadamente 76 mil Euros) em relacionada com a acusa\u00e7\u00e3o de incumprimento </div><div></div><div class=\"t s0_47\" id=\"t3_47\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">do seu dever de lealdade enquanto acionista controlador da Oi, tendo em vista as supostas falhas </div><div class=\"t s0_47\" id=\"t4_47\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">informacionais de suas demonstra\u00e7\u00f5es financeiras envolvendo os t\u00edtulos da Rio Forte. </div><div class=\"t s0_47\" id=\"t5_47\" style=\"left:143px;bottom:1026px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">Na sequ\u00eancia, n\u00e3o se conformando com a decis\u00e3o, a PHAROL recorreu para o Conselho de Recursos </div><div class=\"t s0_47\" id=\"t6_47\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.45px;display:inline;\">do Sistema Financeiro Nacional, tendo, no entanto, constitu\u00eddo uma provis\u00e3o de 76 mil euros para </div><div class=\"t s0_47\" id=\"t7_47\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.04px;display:inline;\">uma potencial perda. </div><div class=\"t s0_47\" id=\"t8_47\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">Ainda relacionado com o investimento na Oi, e na sequ\u00eancia do acordo de combina\u00e7\u00e3o de neg\u00f3cios </div><div class=\"t s0_47\" id=\"t9_47\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">celebrado em Maio de 2014, entre a PHAROL e a Oi S.A., todas as responsabilidades inerentes a </div><div class=\"t s0_47\" id=\"ta_47\" style=\"left:143px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">potenciais liquida\u00e7\u00f5es fiscais do consolidado fiscal do Grupo PT, passaram para a responsabilidade </div><span>da Oi, tendo a PHAROL ficado solidariamente respons\u00e1vel (Nota 16). </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00220": {
   "value": "<span>13. </span><div class=\"t s2_47\" id=\"td_47\" style=\"left:169px;bottom:793px;letter-spacing:0.2px;word-spacing:-0.02px;display:inline;\">Outros ativos n\u00e3o correntes </div><div class=\"t s0_47\" id=\"te_47\" style=\"left:143px;bottom:759px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">Em 31 de dezembro de 2025 e de 2024 esta rubrica inclui uma estimativa de recupera\u00e7\u00e3o futura de </div><div class=\"t s0_47\" id=\"tf_47\" style=\"left:143px;bottom:735px;letter-spacing:-0.01px;word-spacing:1.8px;display:inline;\">aproximadamente 51,9 milh\u00f5es de Euros relativos aos instrumentos de d\u00edvida emitidos pela Rio </div><div class=\"t s0_47\" id=\"tg_47\" style=\"left:143px;bottom:712px;display:inline;\">Forte. </div><div class=\"t s1_47\" id=\"th_47\" style=\"left:195px;bottom:674px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">Rio Forte </div><div class=\"t s0_47\" id=\"ti_47\" style=\"left:143px;bottom:636px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">Relativamente aos instrumentos de d\u00edvida emitidos pela Rio Forte, ap\u00f3s ter tomado conhecimento </div><div class=\"t s0_47\" id=\"tj_47\" style=\"left:143px;bottom:612px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">do Relat\u00f3rio dos Administradores Judiciais no processo de insolv\u00eancia da Rio Forte (Rapport n\u00ba4 des </div><div class=\"t s0_47\" id=\"tk_47\" style=\"left:143px;bottom:588px;letter-spacing:-0.02px;word-spacing:1.32px;display:inline;\">Curateurs), datado de 31 de agosto de 2016, dispon\u00edvel em www.espiritosantoinsolvencies.lu , a </div><div class=\"t s0_47\" id=\"tl_47\" style=\"left:143px;bottom:565px;letter-spacing:-0.02px;word-spacing:0.74px;display:inline;\">PHAROL iniciou dilig\u00eancias no sentido de apurar as implica\u00e7\u00f5es financeiras, contabil\u00edsticas e legais </div><div class=\"t s0_47\" id=\"tm_47\" style=\"left:143px;bottom:541px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">do contido no seu ponto 2.1.6., que se transcreve em tradu\u00e7\u00e3o livre: </div><div class=\"t s3_47\" id=\"tn_47\" style=\"left:143px;bottom:503px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">\u201cRecupera\u00e7\u00e3o previs\u00edvel </div><div class=\"t s3_47\" id=\"to_47\" style=\"left:143px;bottom:466px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">As informa\u00e7\u00f5es atualmente dispon\u00edveis para os Administradores Judiciais n\u00e3o permitem fazer uma </div><div class=\"t s3_47\" id=\"tp_47\" style=\"left:143px;bottom:442px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">estimativa, nem da recupera\u00e7\u00e3o total, nem da recupera\u00e7\u00e3o a realizar pela sociedade em processo </div><div class=\"t s3_47\" id=\"tq_47\" style=\"left:143px;bottom:418px;letter-spacing:0.03px;word-spacing:-0.21px;display:inline;\">de fal\u00eancia. </div><div class=\"t s3_47\" id=\"tr_47\" style=\"left:143px;bottom:380px;letter-spacing:-0.01px;word-spacing:0.08px;display:inline;\">N\u00e3o se pode excluir que o arresto judicial e os eventuais direitos de terceiros envolvidos venham a </div><div class=\"t s3_47\" id=\"ts_47\" style=\"left:143px;bottom:357px;letter-spacing:-0.04px;word-spacing:2.74px;display:inline;\">impedir de forma prolongada, ou mesmo definitivamente, que a massa da fal\u00eancia recupere e </div><div class=\"t s3_47\" id=\"tt_47\" style=\"left:143px;bottom:333px;letter-spacing:-0.03px;word-spacing:1.69px;display:inline;\">distribua certos ativos. De facto, n\u00e3o se exclui que as autoridades judiciais tenham por objetivo </div><div class=\"t s3_47\" id=\"tu_47\" style=\"left:143px;bottom:310px;letter-spacing:-0.01px;word-spacing:-0.15px;display:inline;\">confiscar os bens agora arrestados.\u201d </div><div class=\"t s0_47\" id=\"tv_47\" style=\"left:143px;bottom:272px;letter-spacing:-0.03px;word-spacing:4.41px;display:inline;\">A Administra\u00e7\u00e3o da PHAROL, ap\u00f3s dilig\u00eancias adequadas e suportada pela an\u00e1lise dos seus </div><div class=\"t s0_47\" id=\"tw_47\" style=\"left:143px;bottom:248px;letter-spacing:-0.02px;word-spacing:2.76px;display:inline;\">assessores, concluiu, nessa data, por um princ\u00edpio de prud\u00eancia, que os valores esperados de </div><div class=\"t s0_47\" id=\"tx_47\" style=\"left:143px;bottom:225px;letter-spacing:-0.03px;word-spacing:-0.39px;display:inline;\">recupera\u00e7\u00e3o dos ativos por parte da massa da insolvente e, em consequ\u00eancia, por parte da PHAROL </div><div class=\"t s0_47\" id=\"ty_47\" style=\"left:143px;bottom:201px;letter-spacing:-0.02px;word-spacing:3.54px;display:inline;\">junto da Rio Forte tinham reduzido. O investimento da PHAROL nos t\u00edtulos da Rio Forte, foi </div><div class=\"t s0_47\" id=\"tz_47\" style=\"left:143px;bottom:178px;letter-spacing:-0.04px;word-spacing:1.15px;display:inline;\">inicialmente valorizado ao justo valor aquando do seu reconhecimento inicial em 30 de mar\u00e7o de </div><div class=\"t s0_47\" id=\"t10_47\" style=\"left:143px;bottom:154px;letter-spacing:-0.03px;word-spacing:0.39px;display:inline;\">2015, sendo subsequentemente mensurado ao custo amortizado deduzido de quaisquer perdas de </div><div class=\"t s0_47\" id=\"t11_47\" style=\"left:143px;bottom:130px;letter-spacing:-0.02px;word-spacing:2.29px;display:inline;\">imparidade. Tendo por base os princ\u00edpios base enunciados na IAS 39 (atualmente IFRS 9) e a </div><div class=\"t s0_47\" id=\"t12_47\" style=\"left:143px;bottom:107px;letter-spacing:-0.03px;word-spacing:-0.26px;display:inline;\">informa\u00e7\u00e3o dispon\u00edvel, a Administra\u00e7\u00e3o, utilizou o seu julgamento na defini\u00e7\u00e3o de pressupostos que </div><div></div><div class=\"t s0_48\" id=\"t3_48\" style=\"left:143px;bottom:1088px;letter-spacing:-0.01px;word-spacing:2.32px;display:inline;\">culminaram numa valoriza\u00e7\u00e3o do cr\u00e9dito sobre a Rio Forte em 85,7 milh\u00f5es de Euros a 31 de </div>\n<div class=\"t s0_48\" id=\"t4_48\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.96px;display:inline;\">dezembro de 2016, ou seja, cerca de 9,5% do valor nominal, contra, aproximadamente, 15% do </div>\n<div class=\"t s0_48\" id=\"t5_48\" style=\"left:143px;bottom:1041px;letter-spacing:-0.01px;word-spacing:-0.45px;display:inline;\">valor nominal a 31 de dezembro de 2015, o que determinou a contabiliza\u00e7\u00e3o de uma imparidade no </div>\n<div class=\"t s0_48\" id=\"t6_48\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:0.04px;display:inline;\">montante de 48,8M\u20ac. </div>\n<div class=\"t s0_48\" id=\"t7_48\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.03px;display:inline;\">Adicionalmente, em dezembro de 2017, ap\u00f3s a atualiza\u00e7\u00e3o do montante de reclama\u00e7\u00f5es de cr\u00e9dito </div>\n<div class=\"t s0_48\" id=\"t8_48\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.58px;display:inline;\">considerado no \u00faltimo relat\u00f3rio dos Administradores Judiciais ter revelado ser num valor superior ao </div>\n<div class=\"t s0_48\" id=\"t9_48\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.51px;display:inline;\">anteriormente considerado, a valoriza\u00e7\u00e3o de recupera\u00e7\u00e3o da d\u00edvida foi revista novamente em baixa, </div>\n<div class=\"t s0_48\" id=\"ta_48\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">tendo-se registado em 8,32% de recupera\u00e7\u00e3o, o que equivale a uma redu\u00e7\u00e3o de 11,1 milh\u00f5es de </div>\n<div class=\"t s0_48\" id=\"tb_48\" style=\"left:143px;bottom:885px;letter-spacing:-0.01px;word-spacing:-1.15px;display:inline;\">Euros para o montante de 74,6 milh\u00f5es de Euros. A 31 de Dezembro de 2018, o valor de recupera\u00e7\u00e3o </div>\n<div class=\"t s0_48\" id=\"tc_48\" style=\"left:143px;bottom:861px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">da d\u00edvida manteve-se em 8,32%. </div>\n<div class=\"t s0_48\" id=\"td_48\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.65px;display:inline;\">Em abril de 2019 e ap\u00f3s 5 anos da entrada da reclama\u00e7\u00e3o de cr\u00e9dito sobre a Rio Forte, foi divulgado </div>\n<div class=\"t s0_48\" id=\"te_48\" style=\"left:143px;bottom:800px;letter-spacing:-0.03px;word-spacing:1.13px;display:inline;\">no dia 30 de abril um novo relat\u00f3rio dos Administradores Judiciais, que apontava essencialmente </div>\n<div class=\"t s0_48\" id=\"tf_48\" style=\"left:143px;bottom:776px;letter-spacing:-0.02px;word-spacing:-0.95px;display:inline;\">para: 1) adiamento dos resultados da conclus\u00e3o da an\u00e1lise administrativa das declara\u00e7\u00f5es de d\u00edvida; </div>\n<div class=\"t s0_48\" id=\"tg_48\" style=\"left:143px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">e 2) revis\u00e3o em baixa do valor dos ativos da Rio Forte na Am\u00e9rica Latina. Assim e com base nestes </div>\n<div class=\"t s0_48\" id=\"th_48\" style=\"left:143px;bottom:729px;letter-spacing:-0.01px;word-spacing:0.36px;display:inline;\">novos fatores, a valoriza\u00e7\u00e3o de recupera\u00e7\u00e3o da d\u00edvida foi, uma vez mais, revista em baixa, tendo- </div>\n<div class=\"t s0_48\" id=\"ti_48\" style=\"left:143px;bottom:706px;letter-spacing:-0.02px;word-spacing:1.28px;display:inline;\">se quedado em 7,19% de recupera\u00e7\u00e3o do valor nominal, o que equivale a uma redu\u00e7\u00e3o de 10,1 </div>\n<div class=\"t s0_48\" id=\"tj_48\" style=\"left:143px;bottom:682px;letter-spacing:-0.02px;word-spacing:0.37px;display:inline;\">milh\u00f5es de Euros para o montante de 64,5 milh\u00f5es de Euros. Ainda no exerc\u00edcio de 2019 e ap\u00f3s a </div>\n<div class=\"t s0_48\" id=\"tk_48\" style=\"left:143px;bottom:659px;letter-spacing:-0.02px;word-spacing:0.76px;display:inline;\">an\u00e1lise do \u00faltimo relat\u00f3rio emitido pelos Administradores Judiciais, com efeitos a 31 de dezembro </div>\n<div class=\"t s0_48\" id=\"tl_48\" style=\"left:143px;bottom:635px;letter-spacing:-0.01px;word-spacing:0.59px;display:inline;\">de 2019, aquele valor foi, uma vez mais, revisto em baixa, tendo a recupera\u00e7\u00e3o do valor nominal </div>\n<div class=\"t s0_48\" id=\"tm_48\" style=\"left:143px;bottom:611px;letter-spacing:-0.03px;word-spacing:0.96px;display:inline;\">sido fixada em 7,02%, o que equivale a uma redu\u00e7\u00e3o adicional de 1,5 milh\u00f5es de Euros para um </div>\n<div class=\"t s0_48\" id=\"tn_48\" style=\"left:143px;bottom:588px;letter-spacing:-0.01px;word-spacing:0.94px;display:inline;\">montante total de recupera\u00e7\u00e3o de 63 milh\u00f5es de Euros. A 31 de dezembro de 2020, foi efetuada </div>\n<div class=\"t s0_48\" id=\"to_48\" style=\"left:143px;bottom:564px;letter-spacing:-0.03px;word-spacing:-0.94px;display:inline;\">uma nova revis\u00e3o em baixa de recupera\u00e7\u00e3o do valor nominal para 5,79%, justificada essencialmente </div>\n<div class=\"t s0_48\" id=\"tp_48\" style=\"left:143px;bottom:541px;letter-spacing:-0.01px;word-spacing:-0.48px;display:inline;\">pela deprecia\u00e7\u00e3o dos ativos detidos pela Rio Forte na Am\u00e9rica Latina, o que equivale a uma redu\u00e7\u00e3o </div>\n<div class=\"t s0_48\" id=\"tq_48\" style=\"left:143px;bottom:517px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">de 11,1 milh\u00f5es de Euros para o montante de 51,9 milh\u00f5es de Euros. </div>\n<div class=\"t s0_48\" id=\"tr_48\" style=\"left:143px;bottom:479px;letter-spacing:-0.04px;word-spacing:-0.37px;display:inline;\">A 16 de Novembro de 2023, os curadores da Rio Forte decidiram que o cr\u00e9dito de insolv\u00eancia da Rio </div>\n<div class=\"t s0_48\" id=\"ts_48\" style=\"left:143px;bottom:456px;letter-spacing:-0.02px;word-spacing:1.31px;display:inline;\">Forte Investments apresentado pela PHAROL seria submetido, por uma medida de prud\u00eancia, ao </div>\n<div class=\"t s0_48\" id=\"tt_48\" style=\"left:143px;bottom:432px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">Tribunal de Comercio do Luxemburgo para decis\u00e3o sobre a sua admiss\u00e3o ao passivo de insolv\u00eancia, </div>\n<div class=\"t s0_48\" id=\"tu_48\" style=\"left:143px;bottom:409px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">por, usando as palavras dos curadores, a pretens\u00e3o da PHAROL n\u00e3o parecer cumprir plenamente </div>\n<div class=\"t s0_48\" id=\"tv_48\" style=\"left:143px;bottom:385px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">todos os requisitos legais. </div>\n<div class=\"t s0_48\" id=\"tw_48\" style=\"left:143px;bottom:347px;letter-spacing:-0.02px;word-spacing:-0.77px;display:inline;\">Em fevereiro de 2024 e prevenindo a hip\u00f3tese de ser reconhecido pelo Tribunal a validade do cr\u00e9dito </div>\n<div class=\"t s0_48\" id=\"tx_48\" style=\"left:143px;bottom:324px;letter-spacing:-0.02px;word-spacing:1.25px;display:inline;\">da PHAROL sobre a Rio Forte os curadores desta \u00faltima vieram pedir a t\u00edtulo subsidi\u00e1rio que um </div>\n<div class=\"t s0_48\" id=\"ty_48\" style=\"left:143px;bottom:300px;letter-spacing:-0.03px;word-spacing:1.31px;display:inline;\">reembolso em abril de 2014 de \u20ac 199.631.000,00 de papel comercial subscrito diretamente pela </div>\n<div class=\"t s0_48\" id=\"tz_48\" style=\"left:143px;bottom:276px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">PHAROL em fevereiro de 2014 fosse considerado nulo por ter sido realizado no per\u00edodo suspeito. Por </div>\n<div class=\"t s0_48\" id=\"t10_48\" style=\"left:143px;bottom:253px;letter-spacing:-0.02px;word-spacing:0.46px;display:inline;\">raz\u00f5es processuais e tamb\u00e9m por mais uma vez n\u00e3o apresentarem qualquer prova substancial, os </div>\n<div class=\"t s0_48\" id=\"t11_48\" style=\"left:143px;bottom:229px;letter-spacing:-0.01px;word-spacing:-0.08px;display:inline;\">nossos Advogados s\u00e3o da opini\u00e3o de que esta </div><div class=\"t s1_48\" id=\"t12_48\" style=\"left:447px;bottom:229px;letter-spacing:-0.03px;display:inline;\">assignation </div><div class=\"t s0_48\" id=\"t13_48\" style=\"left:525px;bottom:229px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">n\u00e3o tem fundamento. </div>\n<div class=\"t s0_48\" id=\"t14_48\" style=\"left:143px;bottom:191px;letter-spacing:-0.04px;word-spacing:2.52px;display:inline;\">Em 8 de dezembro de 2024, e ap\u00f3s audi\u00eancias realizadas em outubro de 2024, a PHAROL foi </div>\n<div class=\"t s0_48\" id=\"t15_48\" style=\"left:143px;bottom:168px;letter-spacing:-0.04px;word-spacing:4.08px;display:inline;\">notificada da decis\u00e3o do Tribunal de Com\u00e9rcio do Luxemburgo que reconheceu o cr\u00e9dito de </div>\n<div class=\"t s0_48\" id=\"t16_48\" style=\"left:143px;bottom:144px;letter-spacing:-0.02px;word-spacing:-0.92px;display:inline;\">\u20ac147.000.000 sobre a massa insolvente da Rio Forte, S.A., acrescido de juros at\u00e9 \u00e0 data do processo </div>\n<div class=\"t s0_48\" id=\"t17_48\" style=\"left:143px;bottom:121px;letter-spacing:-0.01px;word-spacing:0.59px;display:inline;\">de insolv\u00eancia. A decis\u00e3o sobre o remanescente de \u20ac750.000.000 foi suspensa at\u00e9 a resolu\u00e7\u00e3o de </div><div></div><div class=\"t s0_49\" id=\"t3_49\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:6.09px;display:inline;\">um processo relacionado com a anula\u00e7\u00e3o de um pagamento alegado pela Esp\u00edrito Santo </div>\n<div class=\"t s0_49\" id=\"t4_49\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.05px;display:inline;\">Internacional, S.A. A PHAROL reafirma que n\u00e3o \u00e9 devedora da ESI, mantendo a fundamenta\u00e7\u00e3o do </div>\n<div class=\"t s0_49\" id=\"t5_49\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">cr\u00e9dito remanescente. </div>\n<div class=\"t s0_49\" id=\"t6_49\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">A 31 de Dezembro de 2025, considerando a manuten\u00e7\u00e3o dos principais fatores de avalia\u00e7\u00e3o dos </div>\n<div class=\"t s0_49\" id=\"t7_49\" style=\"left:143px;bottom:979px;letter-spacing:-0.03px;word-spacing:-0.63px;display:inline;\">Ativos da Rio Forte e n\u00e3o havendo evolu\u00e7\u00e3o no montante das d\u00edvidas reclamadas, o valor expect\u00e1vel </div>\n<div class=\"t s0_49\" id=\"t8_49\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.37px;display:inline;\">de recupera\u00e7\u00e3o da d\u00edvida nominal da Rio Forte manteve-se inalterado em 5,79% equivalente a 51,9 </div>\n<div class=\"t s0_49\" id=\"t9_49\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">milh\u00f5es de Euros. </div>\n<div class=\"t s0_49\" id=\"ta_49\" style=\"left:143px;bottom:894px;letter-spacing:-0.04px;word-spacing:3.06px;display:inline;\">J\u00e1 em 13 de fevereiro de 2026, a PHAROL notificada de decis\u00e3o do Tribunal de Com\u00e9rcio do </div>\n<div class=\"t s0_49\" id=\"tb_49\" style=\"left:143px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.71px;display:inline;\">Luxemburgo que no \u00e2mbito do processo de insolv\u00eancia da Rio Forte reconheceu o cr\u00e9dito da PHAROL </div>\n<div class=\"t s0_49\" id=\"tc_49\" style=\"left:143px;bottom:847px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">sobre a massa insolvente da Rio Forte no montante de capital de 750 milh\u00f5es de Euros, a ser </div>\n<div class=\"t s0_49\" id=\"td_49\" style=\"left:143px;bottom:824px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">acrescido dos juros devidos at\u00e9 \u00e0 data de abertura do processo de insolv\u00eancia. </div>\n<div class=\"t s0_49\" id=\"te_49\" style=\"left:143px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.37px;display:inline;\">Assim o valor total de cr\u00e9dito da PHAROL sobre a massa insolvente da Rio Forte mant\u00e9m-se em 897 </div>\n<div class=\"t s0_49\" id=\"tf_49\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">milh\u00f5es de euros e respetivos juros legais, como sempre reclamado desde 2014. </div>\n<div class=\"t s0_49\" id=\"tg_49\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:2.63px;display:inline;\">Foi julgado nos mesmos autos o processo proposto por um Curador </div><div class=\"t s1_49\" id=\"th_49\" style=\"left:618px;bottom:724px;letter-spacing:-0.07px;word-spacing:2.59px;display:inline;\">Ad Hoc </div><div class=\"t s0_49\" id=\"ti_49\" style=\"left:674px;bottom:724px;word-spacing:2.47px;display:inline;\">da ESI visando a </div>\n<div class=\"t s0_49\" id=\"tj_49\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:-0.94px;display:inline;\">anula\u00e7\u00e3o de um pagamento alegadamente indevido de um valor acumulado de 750 milh\u00f5es de euros </div>\n<div class=\"t s0_49\" id=\"tk_49\" style=\"left:143px;bottom:677px;letter-spacing:-0.03px;word-spacing:0.05px;display:inline;\">de Notes efetuado pela ESI no princ\u00edpio de 2014 \u00e0 Pharol SGPS, S.A (200 milh\u00f5es de euros) e \u00e0 PT </div>\n<div class=\"t s0_49\" id=\"tl_49\" style=\"left:143px;bottom:653px;letter-spacing:-0.02px;word-spacing:-0.32px;display:inline;\">Finance (550 milh\u00f5es de euros), processo esse comunicado ao mercado em 1 de fevereiro de 2019. </div>\n<div class=\"t s0_49\" id=\"tm_49\" style=\"left:143px;bottom:630px;letter-spacing:-0.04px;word-spacing:-0.38px;display:inline;\">Tamb\u00e9m neste processo foi decidido que a PHAROL n\u00e3o tem que devolver quaisquer quantias \u00e0 ESI. </div>\n<div class=\"t s0_49\" id=\"tn_49\" style=\"left:143px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.49px;display:inline;\">As decis\u00f5es judiciais acima referidas, ainda que suscet\u00edveis de recurso no prazo de 40 dias contados </div>\n<div class=\"t s0_49\" id=\"to_49\" style=\"left:143px;bottom:568px;letter-spacing:-0.03px;word-spacing:1.99px;display:inline;\">da Notifica\u00e7\u00e3o dos Curadores da Rio Forte e do Curador Ad Hoc, deram integralmente raz\u00e3o \u00e0s </div>\n<div class=\"t s0_49\" id=\"tp_49\" style=\"left:143px;bottom:545px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">posi\u00e7\u00f5es sustentadas pela PHAROL desde o primeiro momento. </div>\n<div class=\"t s0_49\" id=\"tq_49\" style=\"left:143px;bottom:507px;letter-spacing:-0.02px;word-spacing:-1.13px;display:inline;\">Adicionalmente, visando o ressarcimento dos preju\u00edzos resultantes da insufici\u00eancia de bens na massa </div>\n<div class=\"t s0_49\" id=\"tr_49\" style=\"left:143px;bottom:483px;letter-spacing:-0.02px;word-spacing:3.04px;display:inline;\">falida da Rio Forte para satisfa\u00e7\u00e3o integral do cr\u00e9dito da PHAROL, de acordo com decis\u00e3o da </div>\n<div class=\"t s0_49\" id=\"ts_49\" style=\"left:143px;bottom:460px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">Assembleia Geral de Acionistas, em 2015, foram tomadas v\u00e1rias a\u00e7\u00f5es que detalhamos a seguir. </div>\n<div class=\"t s2_49\" id=\"tt_49\" style=\"left:195px;bottom:422px;letter-spacing:-0.06px;word-spacing:0.18px;display:inline;\">A\u00e7\u00f5es contra Ex-Administradores </div>\n<div class=\"t s0_49\" id=\"tu_49\" style=\"left:143px;bottom:384px;letter-spacing:-0.04px;word-spacing:0.44px;display:inline;\">Foi proposta a\u00e7\u00e3o de responsabilidade contra ex-administradores, tendo sido pedida a condena\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"tv_49\" style=\"left:143px;bottom:360px;letter-spacing:-0.02px;word-spacing:2.15px;display:inline;\">solid\u00e1ria dos R\u00e9us no pagamento de uma indemniza\u00e7\u00e3o correspondente \u00e0 diferen\u00e7a entre \u20ac897 </div>\n<div class=\"t s0_49\" id=\"tw_49\" style=\"left:143px;bottom:337px;letter-spacing:-0.01px;word-spacing:0.25px;display:inline;\">milh\u00f5es de euros, montante do investimento em instrumentos de papel comercial da Rio Forte por </div>\n<div class=\"t s0_49\" id=\"tx_49\" style=\"left:143px;bottom:313px;letter-spacing:-0.04px;word-spacing:0.18px;display:inline;\">eles decidido, e aquele que se vier a receber no \u00e2mbito do processo de insolv\u00eancia e demais danos </div>\n<div class=\"t s0_49\" id=\"ty_49\" style=\"left:143px;bottom:290px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">que se vierem a apurar. Os R\u00e9us apresentaram as suas contesta\u00e7\u00f5es e requereram a interven\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"tz_49\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:-0.56px;display:inline;\">principal provocada de diversos terceiros, incluindo Companhia de Seguros. Foi invocada pelos R\u00e9us </div>\n<div class=\"t s0_49\" id=\"t10_49\" style=\"left:143px;bottom:243px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">a exist\u00eancia de causa prejudicial e requerida a suspens\u00e3o da inst\u00e2ncia. O Tribunal, em 18.01.2018, </div>\n<div class=\"t s0_49\" id=\"t11_49\" style=\"left:143px;bottom:219px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">determinou a suspens\u00e3o da inst\u00e2ncia enquanto n\u00e3o for decidida a a\u00e7\u00e3o de anula\u00e7\u00e3o de delibera\u00e7\u00f5es </div>\n<div class=\"t s0_49\" id=\"t12_49\" style=\"left:143px;bottom:195px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">sociais que corre no Ju\u00edzo de Com\u00e9rcio de Lisboa. Esta a\u00e7\u00e3o, entretanto, foi definitivamente julgada </div>\n<div class=\"t s0_49\" id=\"t13_49\" style=\"left:143px;bottom:172px;letter-spacing:-0.03px;word-spacing:-0.63px;display:inline;\">improcedente, pelo que a PHAROL, em 27.06.2019, requereu ao tribunal fosse declarada a cessa\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"t14_49\" style=\"left:143px;bottom:148px;letter-spacing:-0.02px;word-spacing:2.31px;display:inline;\">da suspens\u00e3o da inst\u00e2ncia. Sobre este despacho ainda n\u00e3o recaiu decis\u00e3o, pelo que a a\u00e7\u00e3o se </div>\n<div class=\"t s0_49\" id=\"t15_49\" style=\"left:143px;bottom:125px;letter-spacing:-0.02px;word-spacing:-0.03px;display:inline;\">mant\u00e9m suspensa. </div><div></div><div class=\"t s0_50\" id=\"t3_50\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.95px;display:inline;\">Em meados de 2020 o Tribunal ordenou a jun\u00e7\u00e3o aos autos de certid\u00e3o da senten\u00e7a proferida na </div>\n<div class=\"t s0_50\" id=\"t4_50\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;word-spacing:1.1px;display:inline;\">a\u00e7\u00e3o prejudicial, o que sucedeu, mas n\u00e3o proferiu qualquer novo despacho. N\u00e3o existiu qualquer </div>\n<div class=\"t s0_50\" id=\"t5_50\" style=\"left:143px;bottom:1041px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">evolu\u00e7\u00e3o em 2021 nem em 2022. Em consequ\u00eancia, foi solicitada a acelera\u00e7\u00e3o processual nos termos </div>\n<div class=\"t s0_50\" id=\"t6_50\" style=\"left:143px;bottom:1017px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">da Lei, logo aquando da abertura dos Tribunais em 01 de setembro de 2023. </div>\n<div class=\"t s0_50\" id=\"t7_50\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.62px;display:inline;\">Em fevereiro de 2024, a Autora insistiu pela cessa\u00e7\u00e3o da suspens\u00e3o, o que aconteceu. O tribunal, </div>\n<div class=\"t s0_50\" id=\"t8_50\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">em maio, ordenou a jun\u00e7\u00e3o de tradu\u00e7\u00f5es pelos R\u00e9us (entretanto juntas) e conheceu dos pedidos de </div>\n<div class=\"t s0_50\" id=\"t9_50\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">interven\u00e7\u00e3o de terceiros, nos seguintes termos: </div>\n<div class=\"t s0_50\" id=\"ta_50\" style=\"left:169px;bottom:894px;letter-spacing:-0.04px;display:inline;\">1. </div><div class=\"t s0_50\" id=\"tb_50\" style=\"left:195px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.02px;display:inline;\">N\u00e3o admitiu a interven\u00e7\u00e3o da Deloitte; </div>\n<div class=\"t s0_50\" id=\"tc_50\" style=\"left:169px;bottom:871px;letter-spacing:-0.04px;display:inline;\">2. </div><div class=\"t s0_50\" id=\"td_50\" style=\"left:195px;bottom:871px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">N\u00e3o admitiu a interven\u00e7\u00e3o dos membros da Comiss\u00e3o de Auditoria; </div>\n<div class=\"t s0_50\" id=\"te_50\" style=\"left:169px;bottom:847px;letter-spacing:-0.04px;display:inline;\">3. </div><div class=\"t s0_50\" id=\"tf_50\" style=\"left:195px;bottom:847px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">Admitiu a interven\u00e7\u00e3o das seguradoras; </div>\n<div class=\"t s0_50\" id=\"tg_50\" style=\"left:169px;bottom:824px;letter-spacing:-0.04px;display:inline;\">4. </div><div class=\"t s0_50\" id=\"th_50\" style=\"left:195px;bottom:824px;letter-spacing:-0.02px;word-spacing:1.59px;display:inline;\">Convidou um dos r\u00e9us a esclarecer os factos que sustentam o pedido de interven\u00e7\u00e3o de </div>\n<div class=\"t s0_50\" id=\"ti_50\" style=\"left:195px;bottom:800px;letter-spacing:-0.02px;word-spacing:7.76px;display:inline;\">alguns dos administradores da autora, dos administradores da Portugal Telecom </div>\n<div class=\"t s0_50\" id=\"tj_50\" style=\"left:195px;bottom:776px;letter-spacing:-0.04px;word-spacing:1.15px;display:inline;\">International Finance B.V. e da PT Portugal, SGPS, S.A.. Este esclarecimento foi prestado </div>\n<div class=\"t s0_50\" id=\"tk_50\" style=\"left:195px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">em fim de maio, mas o tribunal ainda n\u00e3o decidiu. </div>\n<div class=\"t s0_50\" id=\"tl_50\" style=\"left:143px;bottom:715px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Os R\u00e9us recorreram da decis\u00e3o de n\u00e3o interven\u00e7\u00e3o dos membros da Comiss\u00e3o de Auditoria. Estes </div>\n<div class=\"t s0_50\" id=\"tm_50\" style=\"left:143px;bottom:691px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">recursos n\u00e3o foram admitidos, pelo que est\u00e1 encerrada a fase dos articulados. </div>\n<div class=\"t s0_50\" id=\"tn_50\" style=\"left:143px;bottom:653px;letter-spacing:-0.04px;word-spacing:6.44px;display:inline;\">Por despacho de 18.12.2025, o tribunal indeferiu a interven\u00e7\u00e3o provocada dos restantes </div>\n<div class=\"t s0_50\" id=\"to_50\" style=\"left:143px;bottom:630px;letter-spacing:-0.03px;word-spacing:1.8px;display:inline;\">administradores da PHAROL (PT SGPS), da Portugal Telecom International Finance B.V. e da PT </div>\n<div class=\"t s0_50\" id=\"tp_50\" style=\"left:143px;bottom:606px;letter-spacing:-0.03px;word-spacing:1.78px;display:inline;\">Portugal, SGPS, S.A.. No mesmo despacho, na sequ\u00eancia de informa\u00e7\u00f5es prestadas por um dos </div>\n<div class=\"t s0_50\" id=\"tq_50\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">r\u00e9us, admitiu a interven\u00e7\u00e3o, a t\u00edtulo principal, das seguradoras por este indicadas. Aguarda- se a </div>\n<div class=\"t s0_50\" id=\"tr_50\" style=\"left:143px;bottom:559px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cita\u00e7\u00e3o das seguradoras. </div>\n<div class=\"t s0_50\" id=\"ts_50\" style=\"left:143px;bottom:521px;letter-spacing:-0.01px;word-spacing:2.66px;display:inline;\">Sendo a PHAROL autora nos autos e n\u00e3o tendo sido deduzido qualquer pedido reconvencional </div>\n<div class=\"t s0_50\" id=\"tt_50\" style=\"left:143px;bottom:498px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">inexiste qualquer conting\u00eancia para a sociedade com os autos. </div>\n<div class=\"t s0_50\" id=\"tu_50\" style=\"left:143px;bottom:460px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\">Em 2016, foi proposta nova A\u00e7\u00e3o de responsabilidade contra os ex-administradores, tendo por causa </div>\n<div class=\"t s0_50\" id=\"tv_50\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">de pedir a implementa\u00e7\u00e3o de sistemas de relato financeiro e de controlo interno que viabilizaram a </div>\n<div class=\"t s0_50\" id=\"tw_50\" style=\"left:143px;bottom:413px;letter-spacing:-0.04px;word-spacing:2.89px;display:inline;\">realiza\u00e7\u00e3o em montantes crescentes de investimentos em instrumentos de d\u00edvida emitidos por </div>\n<div class=\"t s0_50\" id=\"tx_50\" style=\"left:143px;bottom:389px;letter-spacing:-0.04px;word-spacing:-0.2px;display:inline;\">sociedades do Grupo Esp\u00edrito Santo por esses administradores decididas, em viola\u00e7\u00e3o das regras de </div>\n<div class=\"t s0_50\" id=\"ty_50\" style=\"left:143px;bottom:365px;letter-spacing:-0.02px;word-spacing:-0.31px;display:inline;\">governo da sociedade e com desconhecimento dos investidores e acionistas, geradores de elevados </div>\n<div class=\"t s0_50\" id=\"tz_50\" style=\"left:143px;bottom:342px;letter-spacing:-0.02px;word-spacing:0.82px;display:inline;\">preju\u00edzos. Nesta A\u00e7\u00e3o \u00e9 pedida a condena\u00e7\u00e3o solid\u00e1ria dos r\u00e9us no pagamento \u00e0 PHAROL de uma </div>\n<div class=\"t s0_50\" id=\"t10_50\" style=\"left:143px;bottom:318px;letter-spacing:-0.04px;word-spacing:2.88px;display:inline;\">indemniza\u00e7\u00e3o correspondente a \u20ac54.900.000,00, acrescido de demais danos que se venham a </div>\n<div class=\"t s0_50\" id=\"t11_50\" style=\"left:143px;bottom:295px;letter-spacing:-0.04px;word-spacing:0.66px;display:inline;\">apurar, nomeadamente nos \u00faltimos investimentos que se vieram a realizar com os procedimentos </div>\n<div class=\"t s0_50\" id=\"t12_50\" style=\"left:143px;bottom:271px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">implementados pelos r\u00e9us e ainda pelos danos reputacionais e multas e coimas decorrentes de falta </div>\n<div class=\"t s0_50\" id=\"t13_50\" style=\"left:143px;bottom:248px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">de completude dos documentos de reporte financeiro. </div>\n<div class=\"t s0_50\" id=\"t14_50\" style=\"left:143px;bottom:210px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">Os R\u00e9us apresentaram as suas contesta\u00e7\u00f5es e requereram a interven\u00e7\u00e3o principal provocada de </div>\n<div class=\"t s0_50\" id=\"t15_50\" style=\"left:143px;bottom:186px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">diversos terceiros, incluindo Companhia de Seguros. O Tribunal proferiu despacho de suspens\u00e3o da </div>\n<div class=\"t s0_50\" id=\"t16_50\" style=\"left:143px;bottom:163px;letter-spacing:-0.02px;word-spacing:3.52px;display:inline;\">inst\u00e2ncia por causa prejudicial \u2013 Proc. n.\u00ba 23430/15.9T8LSB, que correu termos no Ju\u00edzo de </div>\n<div class=\"t s0_50\" id=\"t17_50\" style=\"left:143px;bottom:139px;letter-spacing:-0.02px;word-spacing:-0.91px;display:inline;\">Com\u00e9rcio de Lisboa \u2013 Juiz 3, em que os R\u00e9us pretendem a anula\u00e7\u00e3o da delibera\u00e7\u00e3o social da PHAROL </div><div></div><div class=\"t s0_51\" id=\"t3_51\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.39px;display:inline;\">que determinou a propositura da presente a\u00e7\u00e3o. Esta a\u00e7\u00e3o, entretanto, foi definitivamente julgada </div>\n<div class=\"t s0_51\" id=\"t4_51\" style=\"left:143px;bottom:1064px;letter-spacing:-0.04px;word-spacing:0.01px;display:inline;\">improcedente, pelo que o tribunal declarou a cessa\u00e7\u00e3o da suspens\u00e3o da inst\u00e2ncia. </div>\n<div class=\"t s0_51\" id=\"t5_51\" style=\"left:143px;bottom:1026px;letter-spacing:-0.04px;word-spacing:-0.55px;display:inline;\">O Tribunal pronunciou-se sobre a interven\u00e7\u00e3o na a\u00e7\u00e3o como r\u00e9us dos demais membros da Comiss\u00e3o </div>\n<div class=\"t s0_51\" id=\"t6_51\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">de Auditoria da PHAROL, que os R\u00e9us haviam requerido, tendo indeferido essa pretens\u00e3o. Deste </div>\n<div class=\"t s0_51\" id=\"t7_51\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">indeferimento recorreram dois dos R\u00e9us, tendo a PHAROL contra-alegado. </div>\n<div class=\"t s0_51\" id=\"t8_51\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:3.68px;display:inline;\">Entretanto, o tribunal ordenou \u00e0 PHAROL que respondesse por escrito \u00e0 mat\u00e9ria de exce\u00e7\u00e3o </div>\n<div class=\"t s0_51\" id=\"t9_51\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">suscitada pelos R\u00e9us nas contesta\u00e7\u00f5es, o que foi feito em 11.09.2019. </div>\n<div class=\"t s0_51\" id=\"ta_51\" style=\"left:143px;bottom:880px;letter-spacing:-0.03px;word-spacing:2.37px;display:inline;\">O recurso foi julgado procedente, pelo que foram citados os demais membros da Comiss\u00e3o de </div>\n<div class=\"t s0_51\" id=\"tb_51\" style=\"left:143px;bottom:856px;letter-spacing:-0.03px;word-spacing:0.48px;display:inline;\">Auditoria, que apresentaram contesta\u00e7\u00e3o conjunta em 2 de novembro de 2020. Nas contesta\u00e7\u00f5es, </div>\n<div class=\"t s0_51\" id=\"tc_51\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:1.27px;display:inline;\">os chamados requereram a interven\u00e7\u00e3o provocada das seguradoras para as quais transferiram a </div>\n<div class=\"t s0_51\" id=\"td_51\" style=\"left:143px;bottom:809px;letter-spacing:-0.03px;word-spacing:2.15px;display:inline;\">responsabilidade civil decorrente dos atos praticados no exerc\u00edcio das suas fun\u00e7\u00f5es, tal como o </div>\n<div class=\"t s0_51\" id=\"te_51\" style=\"left:143px;bottom:786px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">haviam feito os R\u00e9us iniciais. </div>\n<div class=\"t s0_51\" id=\"tf_51\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:2.64px;display:inline;\">A 31 de Dezembro de 2023, conforme oportunamente relatado, aguardava-se decis\u00e3o sobre a </div>\n<div class=\"t s0_51\" id=\"tg_51\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">interven\u00e7\u00e3o das seguradoras. </div>\n<div class=\"t s0_51\" id=\"th_51\" style=\"left:143px;bottom:686px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">O Tribunal conheceu em 2024 os pedidos de interven\u00e7\u00e3o de terceiros, admitindo a interven\u00e7\u00e3o das </div>\n<div class=\"t s0_51\" id=\"ti_51\" style=\"left:143px;bottom:663px;letter-spacing:-0.01px;word-spacing:1.43px;display:inline;\">seguradoras a t\u00edtulo principal. Foi ordenada a jun\u00e7\u00e3o de tradu\u00e7\u00f5es para cita\u00e7\u00e3o das seguradoras </div>\n<div class=\"t s0_51\" id=\"tj_51\" style=\"left:143px;bottom:639px;letter-spacing:-0.03px;word-spacing:0.02px;display:inline;\">estrangeiras, e tal jun\u00e7\u00e3o j\u00e1 aconteceu. </div>\n<div class=\"t s0_51\" id=\"tk_51\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:0.99px;display:inline;\">Aguarda-se a cita\u00e7\u00e3o das seguradoras, tendo a PHAROL insistido em dezembro de 2024 por essa </div>\n<div class=\"t s0_51\" id=\"tl_51\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">cita\u00e7\u00e3o, e a contesta\u00e7\u00e3o das mesmas. </div>\n<div class=\"t s0_51\" id=\"tm_51\" style=\"left:143px;bottom:540px;letter-spacing:-0.01px;word-spacing:-0.28px;display:inline;\">Por apenso a esta a\u00e7\u00e3o foi requerido arresto de bens dos R\u00e9us, o qual foi ordenado, incidindo sobre </div>\n<div class=\"t s0_51\" id=\"tn_51\" style=\"left:143px;bottom:516px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">diversos ativos relevantes dos ex-administradores.. Nos termos desse arresto tamb\u00e9m foi feita uma </div>\n<div class=\"t s0_51\" id=\"to_51\" style=\"left:143px;bottom:492px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">aprecia\u00e7\u00e3o preliminar da causa de pedir da a\u00e7\u00e3o contra os ex-administradores, que d\u00e1 de forma </div>\n<div class=\"t s0_51\" id=\"tp_51\" style=\"left:143px;bottom:469px;letter-spacing:-0.02px;word-spacing:5.07px;display:inline;\">perfunct\u00f3ria provada a responsabilidade destes. Citados os Requeridos, foram apresentadas </div>\n<div class=\"t s0_51\" id=\"tq_51\" style=\"left:143px;bottom:445px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">oposi\u00e7\u00f5es ao arresto e realizado o seu julgamento. </div>\n<div class=\"t s0_51\" id=\"tr_51\" style=\"left:143px;bottom:407px;letter-spacing:-0.03px;word-spacing:-0.28px;display:inline;\">Todas as oposi\u00e7\u00f5es foram julgadas procedentes. A Pharol recorreu desta decis\u00e3o quanto \u00e0s pessoas </div>\n<div class=\"t s0_51\" id=\"ts_51\" style=\"left:143px;bottom:384px;letter-spacing:-0.03px;word-spacing:2.59px;display:inline;\">singulares, conformando-se com o levantamento dos arrestas relativos \u00e0s pessoas coletivas. O </div>\n<div class=\"t s0_51\" id=\"tt_51\" style=\"left:143px;bottom:360px;letter-spacing:-0.03px;word-spacing:1.46px;display:inline;\">recurso foi julgado procedente, pelo que o arresto dos bens dos ex-administradores se mant\u00e9m. </div>\n<div class=\"t s0_51\" id=\"tu_51\" style=\"left:143px;bottom:337px;letter-spacing:-0.01px;word-spacing:2.67px;display:inline;\">Sendo a PHAROL autora nos autos e n\u00e3o tendo sido deduzido qualquer pedido reconvencional </div>\n<div class=\"t s0_51\" id=\"tv_51\" style=\"left:143px;bottom:313px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">inexiste qualquer conting\u00eancia para a sociedade com os autos. </div>\n<div class=\"t s1_51\" id=\"tw_51\" style=\"left:195px;bottom:275px;letter-spacing:-0.06px;word-spacing:0.19px;display:inline;\">A\u00e7\u00f5es contra Ex-Auditor </div>\n<div class=\"t s0_51\" id=\"tx_51\" style=\"left:143px;bottom:237px;letter-spacing:-0.03px;word-spacing:-0.24px;display:inline;\">Foi tamb\u00e9m proposta, no mesmo ano de 2016, pela PHAROL a\u00e7\u00e3o de responsabilidade civil contra a </div>\n<div class=\"t s0_51\" id=\"ty_51\" style=\"left:143px;bottom:214px;letter-spacing:-0.01px;display:inline;\">Deloitte </div><div class=\"t s0_51\" id=\"tz_51\" style=\"left:203px;bottom:214px;letter-spacing:-0.01px;word-spacing:0.08px;display:inline;\">Associados e </div><div class=\"t s0_51\" id=\"t10_51\" style=\"left:296px;bottom:214px;letter-spacing:0.02px;word-spacing:-0.01px;display:inline;\">um seu Partner </div><div class=\"t s0_51\" id=\"t11_51\" style=\"left:406px;bottom:214px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">pela viola\u00e7\u00e3o de deveres legais e contratuais na revis\u00e3o de </div>\n<div class=\"t s0_51\" id=\"t12_51\" style=\"left:143px;bottom:190px;letter-spacing:-0.03px;word-spacing:0.62px;display:inline;\">documentos de presta\u00e7\u00e3o de contas pela Autora, incluindo do Relat\u00f3rio do Governo da Sociedade, </div>\n<div class=\"t s0_51\" id=\"t13_51\" style=\"left:143px;bottom:167px;letter-spacing:-0.04px;word-spacing:-0.75px;display:inline;\">na revis\u00e3o do sistema de controlo interno, nomeadamente da respetiva operacionalidade nos termos </div>\n<div class=\"t s0_51\" id=\"t14_51\" style=\"left:143px;bottom:143px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">requeridos pela Sec\u00e7\u00e3o 404 da SARBANEX-OXLEY ACTA (SOC) e na prepara\u00e7\u00e3o e apresenta\u00e7\u00e3o dos </div>\n<div class=\"t s0_51\" id=\"t15_51\" style=\"left:143px;bottom:120px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">respetivos memorandos de auditoria e memorandos de controlo interno. </div><div></div><div class=\"t s0_52_173\" id=\"t3_52_173\" style=\"left:143px;bottom:1088px;word-spacing:0.72px;display:inline;\">De acordo com a causa de pedir, a viola\u00e7\u00e3o desses deveres foi causa adequada da n\u00e3o revela\u00e7\u00e3o </div><div class=\"t s0_52_173\" id=\"t4_52_173\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:1.31px;display:inline;\">nos documentos de presta\u00e7\u00e3o de contas entre 2010 e 2014 de elevados investimentos em papel </div><div class=\"t s0_52_173\" id=\"t5_52_173\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-0.68px;display:inline;\">comercial sem </div><div class=\"t s1_52_173\" id=\"t6_52_173\" style=\"left:240px;bottom:1041px;letter-spacing:-0.05px;display:inline;\">rating </div><div class=\"t s0_52_173\" id=\"t7_52_173\" style=\"left:282px;bottom:1041px;letter-spacing:-0.04px;word-spacing:-0.73px;display:inline;\">do Grupo Esp\u00edrito Santo ao longo desses 4 anos e que violavam diversas regras </div><div class=\"t s0_52_173\" id=\"t8_52_173\" style=\"left:143px;bottom:1017px;letter-spacing:-0.04px;word-spacing:0.03px;display:inline;\">internas, nomeadamente de governo da sociedade. </div><div class=\"t s0_52_173\" id=\"t9_52_173\" style=\"left:143px;bottom:979px;letter-spacing:-0.04px;word-spacing:-0.93px;display:inline;\">Nesta a\u00e7\u00e3o \u00e9 pedida a condena\u00e7\u00e3o solid\u00e1ria dos R\u00e9us no pagamento \u00e0 PHAROL de uma indemniza\u00e7\u00e3o </div><div class=\"t s0_52_173\" id=\"ta_52_173\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:0.27px;display:inline;\">correspondente \u00e0 diferen\u00e7a entre \u20ac897 milh\u00f5es e aquele que vier a receber no \u00e2mbito do processo </div><div class=\"t s0_52_173\" id=\"tb_52_173\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.97px;display:inline;\">de insolv\u00eancia da Rio Forte e demais danos que se vierem a apurar em execu\u00e7\u00e3o de senten\u00e7a, </div><div class=\"t s0_52_173\" id=\"tc_52_173\" style=\"left:143px;bottom:909px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">resultantes quer de danos reputacionais, quer de indemniza\u00e7\u00f5es, multas e coimas em que a autora </div><div class=\"t s0_52_173\" id=\"td_52_173\" style=\"left:143px;bottom:885px;letter-spacing:-0.02px;display:inline;\">venha a ser condenada em processos de falta de qualidade legalmente exig\u00edvel aos documentos de </div><div class=\"t s0_52_173\" id=\"te_52_173\" style=\"left:143px;bottom:861px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">reporte financeiro da PHAROL nos per\u00edodos de 2010 a 30 de Junho de 2014. </div><div class=\"t s0_52_173\" id=\"tf_52_173\" style=\"left:143px;bottom:824px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">Os R\u00e9us apresentaram contesta\u00e7\u00e3o, tendo sido requerida a interven\u00e7\u00e3o provocada da Companhia </div><div class=\"t s0_52_173\" id=\"tg_52_173\" style=\"left:143px;bottom:800px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">de Seguros, a qual foi admitida. </div><div class=\"t s0_52_173\" id=\"th_52_173\" style=\"left:143px;bottom:762px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">A PHAROL apresentou articulado superveniente em 13.09.2022, tendo por base a condena\u00e7\u00e3o da </div><div class=\"t s0_52_173\" id=\"ti_52_173\" style=\"left:143px;bottom:739px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">Deloitte em processo de contra-ordena\u00e7\u00e3o instaurado pela Comiss\u00e3o do Mercado de Valores </div><div class=\"t s0_52_173\" id=\"tj_52_173\" style=\"left:143px;bottom:715px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Mobili\u00e1rios, cuja admiss\u00e3o ainda n\u00e3o ocorreu. </div><div class=\"t s0_52_173\" id=\"tk_52_173\" style=\"left:143px;bottom:677px;letter-spacing:-0.02px;word-spacing:2.55px;display:inline;\">A Deloitte recusou a apresenta\u00e7\u00e3o dos documentos de trabalho, alegando sigilo profissional. O </div><div class=\"t s0_52_173\" id=\"tl_52_173\" style=\"left:143px;bottom:653px;letter-spacing:-0.01px;word-spacing:-0.84px;display:inline;\">tribunal deu-lhe raz\u00e3o. A PHAROL interp\u00f4s recurso dessa decis\u00e3o. O Tribunal da Rela\u00e7\u00e3o n\u00e3o admitiu </div><div class=\"t s0_52_173\" id=\"tm_52_173\" style=\"left:143px;bottom:630px;letter-spacing:-0.02px;word-spacing:1.62px;display:inline;\">o recurso da decis\u00e3o quanto ao sigilo dos documentos de trabalho, entendendo que, em vez de </div><div class=\"t s0_52_173\" id=\"tn_52_173\" style=\"left:143px;bottom:606px;letter-spacing:-0.03px;word-spacing:5.77px;display:inline;\">recurso, cabia incidente de levantamento de sigilo. A PHAROL deu in\u00edcio ao incidente de </div><div class=\"t s0_52_173\" id=\"to_52_173\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">levantamento de sigilo, o qual se encontra pendente no Tribunal da Rela\u00e7\u00e3o. J\u00e1 em 2026, foi emitido </div><div class=\"t s0_52_173\" id=\"tp_52_173\" style=\"left:143px;bottom:559px;letter-spacing:-0.04px;word-spacing:1.99px;display:inline;\">Ac\u00f3rd\u00e3o da Rela\u00e7\u00e3o de Lisboa que considerou ileg\u00edtima a recusa de jun\u00e7\u00e3o de documentos pela </div><div class=\"t s0_52_173\" id=\"tq_52_173\" style=\"left:143px;bottom:536px;letter-spacing:-0.01px;word-spacing:-0.32px;display:inline;\">Deloitte invocando o sigilo profissional e fixou um prazo de dez dias para jun\u00e7\u00e3o dos documentos, o </div><div class=\"t s0_52_173\" id=\"tr_52_173\" style=\"left:143px;bottom:512px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">que ter\u00e1 sido cumprido. </div><div class=\"t s0_52_173\" id=\"ts_52_173\" style=\"left:143px;bottom:474px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">Uma vez que n\u00e3o existe qualquer pedido reconvencional, inexistem quaisquer conting\u00eancias para a </div><div class=\"t s0_52_173\" id=\"tt_52_173\" style=\"left:143px;bottom:451px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">PHAROL emergentes dos presentes autos. </div><div class=\"t s2_52_173\" id=\"tu_52_173\" style=\"left:195px;bottom:413px;letter-spacing:-0.05px;word-spacing:0.05px;display:inline;\">Processos BES e Banco de Portugal </div><div class=\"t s0_52_173\" id=\"tv_52_173\" style=\"left:143px;bottom:375px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">Em 2017, a PHAROL constitui-se ainda assistente no Processo Universo BES, estatuto que lhe foi </div><div class=\"t s0_52_173\" id=\"tw_52_173\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:-1.13px;display:inline;\">reconhecido pelo Tribunal. Sequencialmente, quando foram deduzidas acusa\u00e7\u00f5es, a PHAROL deduziu </div><div class=\"t s0_52_173\" id=\"tx_52_173\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">pedido c\u00edvel para ressarcimento de todos os preju\u00edzos causados pela burla praticada por alguns dos </div><div class=\"t s0_52_173\" id=\"ty_52_173\" style=\"left:143px;bottom:304px;letter-spacing:-0.04px;word-spacing:-0.36px;display:inline;\">a\u00ed arguidos, para subscri\u00e7\u00e3o pela PHAROL em fevereiro de 2014 de Papel Comercial emitido pela Rio </div><div class=\"t s0_52_173\" id=\"tz_52_173\" style=\"left:143px;bottom:281px;letter-spacing:-0.02px;word-spacing:1.45px;display:inline;\">Forte no montante de 897 milh\u00f5es de euros. Como \u00e9 p\u00fablico, v\u00e1rios dos arguidos requereram a </div><div class=\"t s0_52_173\" id=\"t10_52_173\" style=\"left:143px;bottom:257px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">abertura de instru\u00e7\u00e3o. O julgamento j\u00e1 se iniciou, tendo o Tribunal entendido que os pedidos c\u00edveis </div><div class=\"t s0_52_173\" id=\"t11_52_173\" style=\"left:143px;bottom:233px;letter-spacing:-0.01px;word-spacing:1.57px;display:inline;\">deviam ser deduzidos em processo c\u00edvel para n\u00e3o retardar a marcha do processo penal, dada a </div><div class=\"t s0_52_173\" id=\"t12_52_173\" style=\"left:143px;bottom:210px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">exist\u00eancia de centenas de pedidos c\u00edveis. </div><div class=\"t s0_52_173\" id=\"t13_52_173\" style=\"left:143px;bottom:172px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">Em 2016, a PHAROL intentou uma A\u00e7\u00e3o administrativa contra o Banco de Portugal, tendo por base </div><div class=\"t s0_52_173\" id=\"t14_52_173\" style=\"left:143px;bottom:148px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">a impugna\u00e7\u00e3o das Delibera\u00e7\u00f5es \u201cConting\u00eancias\u201d e \u201cPer\u00edmetro\u201d tomadas pelo Banco de Portugal no </div><div class=\"t s0_52_173\" id=\"t15_52_173\" style=\"left:143px;bottom:125px;letter-spacing:-0.03px;word-spacing:-0.91px;display:inline;\">dia 29.12.2015, que determinam que as responsabilidades contingentes ou desconhecidas pelo BES, </div><div class=\"t s0_52_173\" id=\"t16_52_173\" style=\"left:143px;bottom:101px;letter-spacing:-0.04px;word-spacing:-0.9px;display:inline;\">perante terceiros, com refer\u00eancia a 03.08.2014, n\u00e3o foram transferidas para o Novo Banco ou, tendo </div><div></div><div class=\"t s0_53\" id=\"t3_53\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">sido, foram retransferidas de volta para o BES com efeitos retroativos \u00e0quela data. Sem qualquer </div>\n<div class=\"t s0_53\" id=\"t4_53\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:1.3px;display:inline;\">avan\u00e7o significativo nestes \u00faltimos anos, recentemente, este caso foi inclu\u00eddo num procedimento </div>\n<div class=\"t s0_53\" id=\"t5_53\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-0.41px;display:inline;\">especial de acelera\u00e7\u00e3o de processos. De acordo com este mecanismo foram designados 5 processos </div>\n<div class=\"t s0_53\" id=\"t6_53\" style=\"left:143px;bottom:1017px;word-spacing:1.73px;display:inline;\">piloto (semelhantes entre si) que ter\u00e3o andamento priorit\u00e1rio e determinou-se a suspens\u00e3o dos </div>\n<div class=\"t s0_53\" id=\"t7_53\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:3.21px;display:inline;\">demais processos semelhantes at\u00e9 \u00e0 prola\u00e7\u00e3o de decis\u00e3o final nos processos piloto. Uma vez </div>\n<div class=\"t s0_53\" id=\"t8_53\" style=\"left:143px;bottom:970px;letter-spacing:-0.01px;word-spacing:2.29px;display:inline;\">proferida, a decis\u00e3o nos processos piloto servir\u00e1 como base para os restantes. Foi requerida a </div>\n<div class=\"t s0_53\" id=\"t9_53\" style=\"left:143px;bottom:947px;letter-spacing:-0.02px;word-spacing:-0.92px;display:inline;\">exclus\u00e3o do processo da PHAROL e aguarda-se prola\u00e7\u00e3o de despacho sobre esse requerimento. Caso </div>\n<div class=\"t s0_53\" id=\"ta_53\" style=\"left:143px;bottom:923px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">o requerimento venha a ser deferido, o processo da PHAROL continuar\u00e1 o seu andamento normal </div>\n<div class=\"t s0_53\" id=\"tb_53\" style=\"left:143px;bottom:899px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">sem qualquer suspens\u00e3o at\u00e9 \u00e0 prola\u00e7\u00e3o de decis\u00e3o final. </div>\n<div class=\"t s0_53\" id=\"tc_53\" style=\"left:143px;bottom:861px;letter-spacing:-0.01px;word-spacing:0.62px;display:inline;\">Tamb\u00e9m em 2016, foi apresentada Reclama\u00e7\u00e3o de cr\u00e9ditos no processo de insolv\u00eancia do BES no </div>\n<div class=\"t s0_53\" id=\"td_53\" style=\"left:143px;bottom:838px;letter-spacing:-0.03px;word-spacing:-0.25px;display:inline;\">valor de \u20ac 897 Milh\u00f5es, correspondente ao montante investido pela PT SGPS em papel comercial da </div>\n<div class=\"t s0_53\" id=\"te_53\" style=\"left:143px;bottom:814px;letter-spacing:-0.03px;word-spacing:0.94px;display:inline;\">Rio Forte, tendo por base a responsabilidade do BES enquanto intermedi\u00e1rio financeiro. O cr\u00e9dito </div>\n<div class=\"t s0_53\" id=\"tf_53\" style=\"left:143px;bottom:791px;letter-spacing:-0.03px;word-spacing:6.97px;display:inline;\">da Pharol foi reconhecido como subordinado pela Comiss\u00e3o Liquidat\u00e1ria, foi apresentada </div>\n<div class=\"t s0_53\" id=\"tg_53\" style=\"left:143px;bottom:767px;letter-spacing:-0.03px;word-spacing:-0.23px;display:inline;\">impugna\u00e7\u00e3o, que mereceu nova resposta desfavor\u00e1vel daquela Comiss\u00e3o e consequente r\u00e9plica por </div>\n<div class=\"t s0_53\" id=\"th_53\" style=\"left:143px;bottom:744px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">parte da PHAROL. Aguarda-se prola\u00e7\u00e3o de decis\u00e3o sobre a impugna\u00e7\u00e3o apresentada. </div>\n<div class=\"t s1_53\" id=\"ti_53\" style=\"left:195px;bottom:706px;letter-spacing:-0.04px;word-spacing:0.1px;display:inline;\">Processo ESI </div>\n<div class=\"t s0_53\" id=\"tj_53\" style=\"left:143px;bottom:668px;letter-spacing:-0.03px;word-spacing:1.07px;display:inline;\">Finalmente, ainda relacionado com o processo Rio Forte, em dezembro de 2017, a PHAROL, teve </div>\n<div class=\"t s0_53\" id=\"tk_53\" style=\"left:143px;bottom:644px;letter-spacing:-0.02px;word-spacing:0.28px;display:inline;\">conhecimento de um comunicado dos Curadores da Esp\u00edrito Santo International, S.A, (\u201cESI\u201d), pelo </div>\n<div class=\"t s0_53\" id=\"tl_53\" style=\"left:143px;bottom:621px;letter-spacing:-0.02px;word-spacing:5.79px;display:inline;\">qual estes declaravam que essa sociedade falida iria avaliar a possibilidade de processar </div>\n<div class=\"t s0_53\" id=\"tm_53\" style=\"left:143px;bottom:597px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">judicialmente a PHAROL, pedindo a sua condena\u00e7\u00e3o no reembolso de 750 milh\u00f5es de Euros, sem </div>\n<div class=\"t s0_53\" id=\"tn_53\" style=\"left:143px;bottom:574px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">especificar os fundamentos desse pedido. No dia 28 de Janeiro de 2019, como medida de prote\u00e7\u00e3o </div>\n<div class=\"t s0_53\" id=\"to_53\" style=\"left:143px;bottom:550px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">para interromper qualquer per\u00edodo de prescri\u00e7\u00e3o, a PHAROL foi ainda citada para processo no </div>\n<div class=\"t s0_53\" id=\"tp_53\" style=\"left:143px;bottom:526px;letter-spacing:-0.02px;word-spacing:4.21px;display:inline;\">Tribunal do Luxemburgo pelo Curador </div><div class=\"t s2_53\" id=\"tq_53\" style=\"left:417px;bottom:526px;letter-spacing:-0.03px;display:inline;\">Ad-hoc </div><div class=\"t s0_53\" id=\"tr_53\" style=\"left:471px;bottom:526px;letter-spacing:-0.03px;word-spacing:4.29px;display:inline;\">da ESI \u2013 Esp\u00edrito Santo Internacional, com a </div>\n<div class=\"t s0_53\" id=\"ts_53\" style=\"left:143px;bottom:503px;letter-spacing:-0.04px;word-spacing:3px;display:inline;\">reclama\u00e7\u00e3o de que teria recebido pagamentos indevidos da ESI no montante de setecentos e </div>\n<div class=\"t s0_53\" id=\"tt_53\" style=\"left:143px;bottom:479px;letter-spacing:-0.02px;word-spacing:1.44px;display:inline;\">cinquenta milh\u00f5es de euros, alegando, em s\u00edntese, que (a) o pagamento devia ter sido feito em </div>\n<div class=\"t s0_53\" id=\"tu_53\" style=\"left:143px;bottom:456px;letter-spacing:-0.01px;word-spacing:0.42px;display:inline;\">dinheiro ou atrav\u00e9s de \u201ceffets de commerce\u201d e n\u00e3o por transfer\u00eancias banc\u00e1rias, (b) o pagamento </div>\n<div class=\"t s0_53\" id=\"tv_53\" style=\"left:143px;bottom:432px;letter-spacing:-0.01px;word-spacing:-1px;display:inline;\">foi anormal porque a ESI n\u00e3o tinha os necess\u00e1rios fundos, (c) a PHAROL estava consciente do estado </div>\n<div class=\"t s0_53\" id=\"tw_53\" style=\"left:143px;bottom:409px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">de insolv\u00eancia da ESI e (d) o pagamento fez parte de um esquema fraudulento. </div>\n<div class=\"t s0_53\" id=\"tx_53\" style=\"left:143px;bottom:371px;word-spacing:1.74px;display:inline;\">Realizou-se audi\u00eancia de julgamento em novembro de 2025 a audi\u00eancia de julgamento, que foi </div>\n<div class=\"t s0_53\" id=\"ty_53\" style=\"left:143px;bottom:347px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">acompanhada com assessoria dos Advogados Luxemburgueses da PHAROL. </div>\n<div class=\"t s0_53\" id=\"tz_53\" style=\"left:143px;bottom:315px;letter-spacing:-0.04px;word-spacing:2.38px;display:inline;\">At\u00e9 \u00e0 data da audi\u00eancia de julgamento n\u00e3o foram apresentadas quaisquer factos e provas que </div>\n<div class=\"t s0_53\" id=\"t10_53\" style=\"left:143px;bottom:291px;letter-spacing:-0.02px;word-spacing:3.88px;display:inline;\">sustentassem a irregularidade do pagamento feito pela ESI \u00e0 Pharol. Esta a\u00e7\u00e3o, para evitar </div>\n<div class=\"t s0_53\" id=\"t11_53\" style=\"left:143px;bottom:268px;letter-spacing:-0.02px;word-spacing:-0.48px;display:inline;\">contradi\u00e7\u00e3o de julgados, passou a ser julgada em conjunto com o reconhecimento do remanescente </div>\n<div class=\"t s0_53\" id=\"t12_53\" style=\"left:143px;bottom:244px;letter-spacing:-0.02px;word-spacing:0.45px;display:inline;\">do cr\u00e9dito de 750 milh\u00f5es da Pharol sobre a Rio Forte no \u00e2mbito do processo da insolv\u00eancia desta </div>\n<div class=\"t s0_53\" id=\"t13_53\" style=\"left:143px;bottom:220px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">\u00faltima. Esta a\u00e7\u00e3o foi objeto de audi\u00eancia de julgamento conjunta com a a\u00e7\u00e3o proposta pelo Curador </div>\n<div class=\"t s0_53\" id=\"t14_53\" style=\"left:143px;bottom:197px;letter-spacing:-0.05px;word-spacing:0.01px;display:inline;\">Ad Hoc. </div>\n<div class=\"t s0_53\" id=\"t15_53\" style=\"left:143px;bottom:159px;letter-spacing:-0.02px;word-spacing:-0.62px;display:inline;\">Conforme indicado anteriormente, a 13 de fevereiro de 2026, foi decidido pelo Tribunal de Com\u00e9rcio </div>\n<div class=\"t s0_53\" id=\"t16_53\" style=\"left:143px;bottom:135px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">do Luxemburgo que neste processo a PHAROL n\u00e3o tem que devolver quaisquer quantias \u00e0 ESI. </div><div></div><div class=\"t s0_54\" id=\"t3_54\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">A decis\u00e3o, ainda que suscet\u00edvel de recurso no prazo de 40 dias contados da Notifica\u00e7\u00e3o do Curador </div><span>Ad Hoc, deu integralmente raz\u00e3o \u00e0s posi\u00e7\u00f5es sustentadas pela PHAROL desde o primeiro momento.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00219": {
   "value": "<span>13. </span><div class=\"t s2_47\" id=\"td_47\" style=\"left:169px;bottom:793px;letter-spacing:0.2px;word-spacing:-0.02px;display:inline;\">Outros ativos n\u00e3o correntes </div><div class=\"t s0_47\" id=\"te_47\" style=\"left:143px;bottom:759px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">Em 31 de dezembro de 2025 e de 2024 esta rubrica inclui uma estimativa de recupera\u00e7\u00e3o futura de </div><div class=\"t s0_47\" id=\"tf_47\" style=\"left:143px;bottom:735px;letter-spacing:-0.01px;word-spacing:1.8px;display:inline;\">aproximadamente 51,9 milh\u00f5es de Euros relativos aos instrumentos de d\u00edvida emitidos pela Rio </div><div class=\"t s0_47\" id=\"tg_47\" style=\"left:143px;bottom:712px;display:inline;\">Forte. </div><div class=\"t s1_47\" id=\"th_47\" style=\"left:195px;bottom:674px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">Rio Forte </div><div class=\"t s0_47\" id=\"ti_47\" style=\"left:143px;bottom:636px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">Relativamente aos instrumentos de d\u00edvida emitidos pela Rio Forte, ap\u00f3s ter tomado conhecimento </div><div class=\"t s0_47\" id=\"tj_47\" style=\"left:143px;bottom:612px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">do Relat\u00f3rio dos Administradores Judiciais no processo de insolv\u00eancia da Rio Forte (Rapport n\u00ba4 des </div><div class=\"t s0_47\" id=\"tk_47\" style=\"left:143px;bottom:588px;letter-spacing:-0.02px;word-spacing:1.32px;display:inline;\">Curateurs), datado de 31 de agosto de 2016, dispon\u00edvel em www.espiritosantoinsolvencies.lu , a </div><div class=\"t s0_47\" id=\"tl_47\" style=\"left:143px;bottom:565px;letter-spacing:-0.02px;word-spacing:0.74px;display:inline;\">PHAROL iniciou dilig\u00eancias no sentido de apurar as implica\u00e7\u00f5es financeiras, contabil\u00edsticas e legais </div><div class=\"t s0_47\" id=\"tm_47\" style=\"left:143px;bottom:541px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">do contido no seu ponto 2.1.6., que se transcreve em tradu\u00e7\u00e3o livre: </div><div class=\"t s3_47\" id=\"tn_47\" style=\"left:143px;bottom:503px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">\u201cRecupera\u00e7\u00e3o previs\u00edvel </div><div class=\"t s3_47\" id=\"to_47\" style=\"left:143px;bottom:466px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">As informa\u00e7\u00f5es atualmente dispon\u00edveis para os Administradores Judiciais n\u00e3o permitem fazer uma </div><div class=\"t s3_47\" id=\"tp_47\" style=\"left:143px;bottom:442px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">estimativa, nem da recupera\u00e7\u00e3o total, nem da recupera\u00e7\u00e3o a realizar pela sociedade em processo </div><div class=\"t s3_47\" id=\"tq_47\" style=\"left:143px;bottom:418px;letter-spacing:0.03px;word-spacing:-0.21px;display:inline;\">de fal\u00eancia. </div><div class=\"t s3_47\" id=\"tr_47\" style=\"left:143px;bottom:380px;letter-spacing:-0.01px;word-spacing:0.08px;display:inline;\">N\u00e3o se pode excluir que o arresto judicial e os eventuais direitos de terceiros envolvidos venham a </div><div class=\"t s3_47\" id=\"ts_47\" style=\"left:143px;bottom:357px;letter-spacing:-0.04px;word-spacing:2.74px;display:inline;\">impedir de forma prolongada, ou mesmo definitivamente, que a massa da fal\u00eancia recupere e </div><div class=\"t s3_47\" id=\"tt_47\" style=\"left:143px;bottom:333px;letter-spacing:-0.03px;word-spacing:1.69px;display:inline;\">distribua certos ativos. De facto, n\u00e3o se exclui que as autoridades judiciais tenham por objetivo </div><div class=\"t s3_47\" id=\"tu_47\" style=\"left:143px;bottom:310px;letter-spacing:-0.01px;word-spacing:-0.15px;display:inline;\">confiscar os bens agora arrestados.\u201d </div><div class=\"t s0_47\" id=\"tv_47\" style=\"left:143px;bottom:272px;letter-spacing:-0.03px;word-spacing:4.41px;display:inline;\">A Administra\u00e7\u00e3o da PHAROL, ap\u00f3s dilig\u00eancias adequadas e suportada pela an\u00e1lise dos seus </div><div class=\"t s0_47\" id=\"tw_47\" style=\"left:143px;bottom:248px;letter-spacing:-0.02px;word-spacing:2.76px;display:inline;\">assessores, concluiu, nessa data, por um princ\u00edpio de prud\u00eancia, que os valores esperados de </div><div class=\"t s0_47\" id=\"tx_47\" style=\"left:143px;bottom:225px;letter-spacing:-0.03px;word-spacing:-0.39px;display:inline;\">recupera\u00e7\u00e3o dos ativos por parte da massa da insolvente e, em consequ\u00eancia, por parte da PHAROL </div><div class=\"t s0_47\" id=\"ty_47\" style=\"left:143px;bottom:201px;letter-spacing:-0.02px;word-spacing:3.54px;display:inline;\">junto da Rio Forte tinham reduzido. O investimento da PHAROL nos t\u00edtulos da Rio Forte, foi </div><div class=\"t s0_47\" id=\"tz_47\" style=\"left:143px;bottom:178px;letter-spacing:-0.04px;word-spacing:1.15px;display:inline;\">inicialmente valorizado ao justo valor aquando do seu reconhecimento inicial em 30 de mar\u00e7o de </div><div class=\"t s0_47\" id=\"t10_47\" style=\"left:143px;bottom:154px;letter-spacing:-0.03px;word-spacing:0.39px;display:inline;\">2015, sendo subsequentemente mensurado ao custo amortizado deduzido de quaisquer perdas de </div><div class=\"t s0_47\" id=\"t11_47\" style=\"left:143px;bottom:130px;letter-spacing:-0.02px;word-spacing:2.29px;display:inline;\">imparidade. Tendo por base os princ\u00edpios base enunciados na IAS 39 (atualmente IFRS 9) e a </div><div class=\"t s0_47\" id=\"t12_47\" style=\"left:143px;bottom:107px;letter-spacing:-0.03px;word-spacing:-0.26px;display:inline;\">informa\u00e7\u00e3o dispon\u00edvel, a Administra\u00e7\u00e3o, utilizou o seu julgamento na defini\u00e7\u00e3o de pressupostos que </div><div></div>\n<div class=\"t s0_48\" id=\"t3_48\" style=\"left:143px;bottom:1088px;letter-spacing:-0.01px;word-spacing:2.32px;display:inline;\">culminaram numa valoriza\u00e7\u00e3o do cr\u00e9dito sobre a Rio Forte em 85,7 milh\u00f5es de Euros a 31 de </div>\n<div class=\"t s0_48\" id=\"t4_48\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.96px;display:inline;\">dezembro de 2016, ou seja, cerca de 9,5% do valor nominal, contra, aproximadamente, 15% do </div>\n<div class=\"t s0_48\" id=\"t5_48\" style=\"left:143px;bottom:1041px;letter-spacing:-0.01px;word-spacing:-0.45px;display:inline;\">valor nominal a 31 de dezembro de 2015, o que determinou a contabiliza\u00e7\u00e3o de uma imparidade no </div>\n<div class=\"t s0_48\" id=\"t6_48\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:0.04px;display:inline;\">montante de 48,8M\u20ac. </div>\n<div class=\"t s0_48\" id=\"t7_48\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.03px;display:inline;\">Adicionalmente, em dezembro de 2017, ap\u00f3s a atualiza\u00e7\u00e3o do montante de reclama\u00e7\u00f5es de cr\u00e9dito </div>\n<div class=\"t s0_48\" id=\"t8_48\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.58px;display:inline;\">considerado no \u00faltimo relat\u00f3rio dos Administradores Judiciais ter revelado ser num valor superior ao </div>\n<div class=\"t s0_48\" id=\"t9_48\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.51px;display:inline;\">anteriormente considerado, a valoriza\u00e7\u00e3o de recupera\u00e7\u00e3o da d\u00edvida foi revista novamente em baixa, </div>\n<div class=\"t s0_48\" id=\"ta_48\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">tendo-se registado em 8,32% de recupera\u00e7\u00e3o, o que equivale a uma redu\u00e7\u00e3o de 11,1 milh\u00f5es de </div>\n<div class=\"t s0_48\" id=\"tb_48\" style=\"left:143px;bottom:885px;letter-spacing:-0.01px;word-spacing:-1.15px;display:inline;\">Euros para o montante de 74,6 milh\u00f5es de Euros. A 31 de Dezembro de 2018, o valor de recupera\u00e7\u00e3o </div>\n<div class=\"t s0_48\" id=\"tc_48\" style=\"left:143px;bottom:861px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">da d\u00edvida manteve-se em 8,32%. </div>\n<div class=\"t s0_48\" id=\"td_48\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.65px;display:inline;\">Em abril de 2019 e ap\u00f3s 5 anos da entrada da reclama\u00e7\u00e3o de cr\u00e9dito sobre a Rio Forte, foi divulgado </div>\n<div class=\"t s0_48\" id=\"te_48\" style=\"left:143px;bottom:800px;letter-spacing:-0.03px;word-spacing:1.13px;display:inline;\">no dia 30 de abril um novo relat\u00f3rio dos Administradores Judiciais, que apontava essencialmente </div>\n<div class=\"t s0_48\" id=\"tf_48\" style=\"left:143px;bottom:776px;letter-spacing:-0.02px;word-spacing:-0.95px;display:inline;\">para: 1) adiamento dos resultados da conclus\u00e3o da an\u00e1lise administrativa das declara\u00e7\u00f5es de d\u00edvida; </div>\n<div class=\"t s0_48\" id=\"tg_48\" style=\"left:143px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">e 2) revis\u00e3o em baixa do valor dos ativos da Rio Forte na Am\u00e9rica Latina. Assim e com base nestes </div>\n<div class=\"t s0_48\" id=\"th_48\" style=\"left:143px;bottom:729px;letter-spacing:-0.01px;word-spacing:0.36px;display:inline;\">novos fatores, a valoriza\u00e7\u00e3o de recupera\u00e7\u00e3o da d\u00edvida foi, uma vez mais, revista em baixa, tendo- </div>\n<div class=\"t s0_48\" id=\"ti_48\" style=\"left:143px;bottom:706px;letter-spacing:-0.02px;word-spacing:1.28px;display:inline;\">se quedado em 7,19% de recupera\u00e7\u00e3o do valor nominal, o que equivale a uma redu\u00e7\u00e3o de 10,1 </div>\n<div class=\"t s0_48\" id=\"tj_48\" style=\"left:143px;bottom:682px;letter-spacing:-0.02px;word-spacing:0.37px;display:inline;\">milh\u00f5es de Euros para o montante de 64,5 milh\u00f5es de Euros. Ainda no exerc\u00edcio de 2019 e ap\u00f3s a </div>\n<div class=\"t s0_48\" id=\"tk_48\" style=\"left:143px;bottom:659px;letter-spacing:-0.02px;word-spacing:0.76px;display:inline;\">an\u00e1lise do \u00faltimo relat\u00f3rio emitido pelos Administradores Judiciais, com efeitos a 31 de dezembro </div>\n<div class=\"t s0_48\" id=\"tl_48\" style=\"left:143px;bottom:635px;letter-spacing:-0.01px;word-spacing:0.59px;display:inline;\">de 2019, aquele valor foi, uma vez mais, revisto em baixa, tendo a recupera\u00e7\u00e3o do valor nominal </div>\n<div class=\"t s0_48\" id=\"tm_48\" style=\"left:143px;bottom:611px;letter-spacing:-0.03px;word-spacing:0.96px;display:inline;\">sido fixada em 7,02%, o que equivale a uma redu\u00e7\u00e3o adicional de 1,5 milh\u00f5es de Euros para um </div>\n<div class=\"t s0_48\" id=\"tn_48\" style=\"left:143px;bottom:588px;letter-spacing:-0.01px;word-spacing:0.94px;display:inline;\">montante total de recupera\u00e7\u00e3o de 63 milh\u00f5es de Euros. A 31 de dezembro de 2020, foi efetuada </div>\n<div class=\"t s0_48\" id=\"to_48\" style=\"left:143px;bottom:564px;letter-spacing:-0.03px;word-spacing:-0.94px;display:inline;\">uma nova revis\u00e3o em baixa de recupera\u00e7\u00e3o do valor nominal para 5,79%, justificada essencialmente </div>\n<div class=\"t s0_48\" id=\"tp_48\" style=\"left:143px;bottom:541px;letter-spacing:-0.01px;word-spacing:-0.48px;display:inline;\">pela deprecia\u00e7\u00e3o dos ativos detidos pela Rio Forte na Am\u00e9rica Latina, o que equivale a uma redu\u00e7\u00e3o </div>\n<div class=\"t s0_48\" id=\"tq_48\" style=\"left:143px;bottom:517px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">de 11,1 milh\u00f5es de Euros para o montante de 51,9 milh\u00f5es de Euros. </div>\n<div class=\"t s0_48\" id=\"tr_48\" style=\"left:143px;bottom:479px;letter-spacing:-0.04px;word-spacing:-0.37px;display:inline;\">A 16 de Novembro de 2023, os curadores da Rio Forte decidiram que o cr\u00e9dito de insolv\u00eancia da Rio </div>\n<div class=\"t s0_48\" id=\"ts_48\" style=\"left:143px;bottom:456px;letter-spacing:-0.02px;word-spacing:1.31px;display:inline;\">Forte Investments apresentado pela PHAROL seria submetido, por uma medida de prud\u00eancia, ao </div>\n<div class=\"t s0_48\" id=\"tt_48\" style=\"left:143px;bottom:432px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">Tribunal de Comercio do Luxemburgo para decis\u00e3o sobre a sua admiss\u00e3o ao passivo de insolv\u00eancia, </div>\n<div class=\"t s0_48\" id=\"tu_48\" style=\"left:143px;bottom:409px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">por, usando as palavras dos curadores, a pretens\u00e3o da PHAROL n\u00e3o parecer cumprir plenamente </div>\n<div class=\"t s0_48\" id=\"tv_48\" style=\"left:143px;bottom:385px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">todos os requisitos legais. </div>\n<div class=\"t s0_48\" id=\"tw_48\" style=\"left:143px;bottom:347px;letter-spacing:-0.02px;word-spacing:-0.77px;display:inline;\">Em fevereiro de 2024 e prevenindo a hip\u00f3tese de ser reconhecido pelo Tribunal a validade do cr\u00e9dito </div>\n<div class=\"t s0_48\" id=\"tx_48\" style=\"left:143px;bottom:324px;letter-spacing:-0.02px;word-spacing:1.25px;display:inline;\">da PHAROL sobre a Rio Forte os curadores desta \u00faltima vieram pedir a t\u00edtulo subsidi\u00e1rio que um </div>\n<div class=\"t s0_48\" id=\"ty_48\" style=\"left:143px;bottom:300px;letter-spacing:-0.03px;word-spacing:1.31px;display:inline;\">reembolso em abril de 2014 de \u20ac 199.631.000,00 de papel comercial subscrito diretamente pela </div>\n<div class=\"t s0_48\" id=\"tz_48\" style=\"left:143px;bottom:276px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">PHAROL em fevereiro de 2014 fosse considerado nulo por ter sido realizado no per\u00edodo suspeito. Por </div>\n<div class=\"t s0_48\" id=\"t10_48\" style=\"left:143px;bottom:253px;letter-spacing:-0.02px;word-spacing:0.46px;display:inline;\">raz\u00f5es processuais e tamb\u00e9m por mais uma vez n\u00e3o apresentarem qualquer prova substancial, os </div>\n<div class=\"t s0_48\" id=\"t11_48\" style=\"left:143px;bottom:229px;letter-spacing:-0.01px;word-spacing:-0.08px;display:inline;\">nossos Advogados s\u00e3o da opini\u00e3o de que esta </div><div class=\"t s1_48\" id=\"t12_48\" style=\"left:447px;bottom:229px;letter-spacing:-0.03px;display:inline;\">assignation </div><div class=\"t s0_48\" id=\"t13_48\" style=\"left:525px;bottom:229px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">n\u00e3o tem fundamento. </div>\n<div class=\"t s0_48\" id=\"t14_48\" style=\"left:143px;bottom:191px;letter-spacing:-0.04px;word-spacing:2.52px;display:inline;\">Em 8 de dezembro de 2024, e ap\u00f3s audi\u00eancias realizadas em outubro de 2024, a PHAROL foi </div>\n<div class=\"t s0_48\" id=\"t15_48\" style=\"left:143px;bottom:168px;letter-spacing:-0.04px;word-spacing:4.08px;display:inline;\">notificada da decis\u00e3o do Tribunal de Com\u00e9rcio do Luxemburgo que reconheceu o cr\u00e9dito de </div>\n<div class=\"t s0_48\" id=\"t16_48\" style=\"left:143px;bottom:144px;letter-spacing:-0.02px;word-spacing:-0.92px;display:inline;\">\u20ac147.000.000 sobre a massa insolvente da Rio Forte, S.A., acrescido de juros at\u00e9 \u00e0 data do processo </div>\n<div class=\"t s0_48\" id=\"t17_48\" style=\"left:143px;bottom:121px;letter-spacing:-0.01px;word-spacing:0.59px;display:inline;\">de insolv\u00eancia. A decis\u00e3o sobre o remanescente de \u20ac750.000.000 foi suspensa at\u00e9 a resolu\u00e7\u00e3o de </div><div></div>\n<div class=\"t s0_49\" id=\"t3_49\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:6.09px;display:inline;\">um processo relacionado com a anula\u00e7\u00e3o de um pagamento alegado pela Esp\u00edrito Santo </div>\n<div class=\"t s0_49\" id=\"t4_49\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.05px;display:inline;\">Internacional, S.A. A PHAROL reafirma que n\u00e3o \u00e9 devedora da ESI, mantendo a fundamenta\u00e7\u00e3o do </div>\n<div class=\"t s0_49\" id=\"t5_49\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">cr\u00e9dito remanescente. </div>\n<div class=\"t s0_49\" id=\"t6_49\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">A 31 de Dezembro de 2025, considerando a manuten\u00e7\u00e3o dos principais fatores de avalia\u00e7\u00e3o dos </div>\n<div class=\"t s0_49\" id=\"t7_49\" style=\"left:143px;bottom:979px;letter-spacing:-0.03px;word-spacing:-0.63px;display:inline;\">Ativos da Rio Forte e n\u00e3o havendo evolu\u00e7\u00e3o no montante das d\u00edvidas reclamadas, o valor expect\u00e1vel </div>\n<div class=\"t s0_49\" id=\"t8_49\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.37px;display:inline;\">de recupera\u00e7\u00e3o da d\u00edvida nominal da Rio Forte manteve-se inalterado em 5,79% equivalente a 51,9 </div>\n<div class=\"t s0_49\" id=\"t9_49\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">milh\u00f5es de Euros. </div>\n<div class=\"t s0_49\" id=\"ta_49\" style=\"left:143px;bottom:894px;letter-spacing:-0.04px;word-spacing:3.06px;display:inline;\">J\u00e1 em 13 de fevereiro de 2026, a PHAROL notificada de decis\u00e3o do Tribunal de Com\u00e9rcio do </div>\n<div class=\"t s0_49\" id=\"tb_49\" style=\"left:143px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.71px;display:inline;\">Luxemburgo que no \u00e2mbito do processo de insolv\u00eancia da Rio Forte reconheceu o cr\u00e9dito da PHAROL </div>\n<div class=\"t s0_49\" id=\"tc_49\" style=\"left:143px;bottom:847px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">sobre a massa insolvente da Rio Forte no montante de capital de 750 milh\u00f5es de Euros, a ser </div>\n<div class=\"t s0_49\" id=\"td_49\" style=\"left:143px;bottom:824px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">acrescido dos juros devidos at\u00e9 \u00e0 data de abertura do processo de insolv\u00eancia. </div>\n<div class=\"t s0_49\" id=\"te_49\" style=\"left:143px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.37px;display:inline;\">Assim o valor total de cr\u00e9dito da PHAROL sobre a massa insolvente da Rio Forte mant\u00e9m-se em 897 </div>\n<div class=\"t s0_49\" id=\"tf_49\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">milh\u00f5es de euros e respetivos juros legais, como sempre reclamado desde 2014. </div>\n<div class=\"t s0_49\" id=\"tg_49\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:2.63px;display:inline;\">Foi julgado nos mesmos autos o processo proposto por um Curador </div><div class=\"t s1_49\" id=\"th_49\" style=\"left:618px;bottom:724px;letter-spacing:-0.07px;word-spacing:2.59px;display:inline;\">Ad Hoc </div><div class=\"t s0_49\" id=\"ti_49\" style=\"left:674px;bottom:724px;word-spacing:2.47px;display:inline;\">da ESI visando a </div>\n<div class=\"t s0_49\" id=\"tj_49\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:-0.94px;display:inline;\">anula\u00e7\u00e3o de um pagamento alegadamente indevido de um valor acumulado de 750 milh\u00f5es de euros </div>\n<div class=\"t s0_49\" id=\"tk_49\" style=\"left:143px;bottom:677px;letter-spacing:-0.03px;word-spacing:0.05px;display:inline;\">de Notes efetuado pela ESI no princ\u00edpio de 2014 \u00e0 Pharol SGPS, S.A (200 milh\u00f5es de euros) e \u00e0 PT </div>\n<div class=\"t s0_49\" id=\"tl_49\" style=\"left:143px;bottom:653px;letter-spacing:-0.02px;word-spacing:-0.32px;display:inline;\">Finance (550 milh\u00f5es de euros), processo esse comunicado ao mercado em 1 de fevereiro de 2019. </div>\n<div class=\"t s0_49\" id=\"tm_49\" style=\"left:143px;bottom:630px;letter-spacing:-0.04px;word-spacing:-0.38px;display:inline;\">Tamb\u00e9m neste processo foi decidido que a PHAROL n\u00e3o tem que devolver quaisquer quantias \u00e0 ESI. </div>\n<div class=\"t s0_49\" id=\"tn_49\" style=\"left:143px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.49px;display:inline;\">As decis\u00f5es judiciais acima referidas, ainda que suscet\u00edveis de recurso no prazo de 40 dias contados </div>\n<div class=\"t s0_49\" id=\"to_49\" style=\"left:143px;bottom:568px;letter-spacing:-0.03px;word-spacing:1.99px;display:inline;\">da Notifica\u00e7\u00e3o dos Curadores da Rio Forte e do Curador Ad Hoc, deram integralmente raz\u00e3o \u00e0s </div>\n<div class=\"t s0_49\" id=\"tp_49\" style=\"left:143px;bottom:545px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">posi\u00e7\u00f5es sustentadas pela PHAROL desde o primeiro momento. </div>\n<div class=\"t s0_49\" id=\"tq_49\" style=\"left:143px;bottom:507px;letter-spacing:-0.02px;word-spacing:-1.13px;display:inline;\">Adicionalmente, visando o ressarcimento dos preju\u00edzos resultantes da insufici\u00eancia de bens na massa </div>\n<div class=\"t s0_49\" id=\"tr_49\" style=\"left:143px;bottom:483px;letter-spacing:-0.02px;word-spacing:3.04px;display:inline;\">falida da Rio Forte para satisfa\u00e7\u00e3o integral do cr\u00e9dito da PHAROL, de acordo com decis\u00e3o da </div>\n<div class=\"t s0_49\" id=\"ts_49\" style=\"left:143px;bottom:460px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">Assembleia Geral de Acionistas, em 2015, foram tomadas v\u00e1rias a\u00e7\u00f5es que detalhamos a seguir. </div>\n<div class=\"t s2_49\" id=\"tt_49\" style=\"left:195px;bottom:422px;letter-spacing:-0.06px;word-spacing:0.18px;display:inline;\">A\u00e7\u00f5es contra Ex-Administradores </div>\n<div class=\"t s0_49\" id=\"tu_49\" style=\"left:143px;bottom:384px;letter-spacing:-0.04px;word-spacing:0.44px;display:inline;\">Foi proposta a\u00e7\u00e3o de responsabilidade contra ex-administradores, tendo sido pedida a condena\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"tv_49\" style=\"left:143px;bottom:360px;letter-spacing:-0.02px;word-spacing:2.15px;display:inline;\">solid\u00e1ria dos R\u00e9us no pagamento de uma indemniza\u00e7\u00e3o correspondente \u00e0 diferen\u00e7a entre \u20ac897 </div>\n<div class=\"t s0_49\" id=\"tw_49\" style=\"left:143px;bottom:337px;letter-spacing:-0.01px;word-spacing:0.25px;display:inline;\">milh\u00f5es de euros, montante do investimento em instrumentos de papel comercial da Rio Forte por </div>\n<div class=\"t s0_49\" id=\"tx_49\" style=\"left:143px;bottom:313px;letter-spacing:-0.04px;word-spacing:0.18px;display:inline;\">eles decidido, e aquele que se vier a receber no \u00e2mbito do processo de insolv\u00eancia e demais danos </div>\n<div class=\"t s0_49\" id=\"ty_49\" style=\"left:143px;bottom:290px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">que se vierem a apurar. Os R\u00e9us apresentaram as suas contesta\u00e7\u00f5es e requereram a interven\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"tz_49\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:-0.56px;display:inline;\">principal provocada de diversos terceiros, incluindo Companhia de Seguros. Foi invocada pelos R\u00e9us </div>\n<div class=\"t s0_49\" id=\"t10_49\" style=\"left:143px;bottom:243px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">a exist\u00eancia de causa prejudicial e requerida a suspens\u00e3o da inst\u00e2ncia. O Tribunal, em 18.01.2018, </div>\n<div class=\"t s0_49\" id=\"t11_49\" style=\"left:143px;bottom:219px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">determinou a suspens\u00e3o da inst\u00e2ncia enquanto n\u00e3o for decidida a a\u00e7\u00e3o de anula\u00e7\u00e3o de delibera\u00e7\u00f5es </div>\n<div class=\"t s0_49\" id=\"t12_49\" style=\"left:143px;bottom:195px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">sociais que corre no Ju\u00edzo de Com\u00e9rcio de Lisboa. Esta a\u00e7\u00e3o, entretanto, foi definitivamente julgada </div>\n<div class=\"t s0_49\" id=\"t13_49\" style=\"left:143px;bottom:172px;letter-spacing:-0.03px;word-spacing:-0.63px;display:inline;\">improcedente, pelo que a PHAROL, em 27.06.2019, requereu ao tribunal fosse declarada a cessa\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"t14_49\" style=\"left:143px;bottom:148px;letter-spacing:-0.02px;word-spacing:2.31px;display:inline;\">da suspens\u00e3o da inst\u00e2ncia. Sobre este despacho ainda n\u00e3o recaiu decis\u00e3o, pelo que a a\u00e7\u00e3o se </div>\n<div class=\"t s0_49\" id=\"t15_49\" style=\"left:143px;bottom:125px;letter-spacing:-0.02px;word-spacing:-0.03px;display:inline;\">mant\u00e9m suspensa. </div><div></div>\n<div class=\"t s0_50\" id=\"t3_50\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.95px;display:inline;\">Em meados de 2020 o Tribunal ordenou a jun\u00e7\u00e3o aos autos de certid\u00e3o da senten\u00e7a proferida na </div>\n<div class=\"t s0_50\" id=\"t4_50\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;word-spacing:1.1px;display:inline;\">a\u00e7\u00e3o prejudicial, o que sucedeu, mas n\u00e3o proferiu qualquer novo despacho. N\u00e3o existiu qualquer </div>\n<div class=\"t s0_50\" id=\"t5_50\" style=\"left:143px;bottom:1041px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">evolu\u00e7\u00e3o em 2021 nem em 2022. Em consequ\u00eancia, foi solicitada a acelera\u00e7\u00e3o processual nos termos </div>\n<div class=\"t s0_50\" id=\"t6_50\" style=\"left:143px;bottom:1017px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">da Lei, logo aquando da abertura dos Tribunais em 01 de setembro de 2023. </div>\n<div class=\"t s0_50\" id=\"t7_50\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.62px;display:inline;\">Em fevereiro de 2024, a Autora insistiu pela cessa\u00e7\u00e3o da suspens\u00e3o, o que aconteceu. O tribunal, </div>\n<div class=\"t s0_50\" id=\"t8_50\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">em maio, ordenou a jun\u00e7\u00e3o de tradu\u00e7\u00f5es pelos R\u00e9us (entretanto juntas) e conheceu dos pedidos de </div>\n<div class=\"t s0_50\" id=\"t9_50\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">interven\u00e7\u00e3o de terceiros, nos seguintes termos: </div>\n<div class=\"t s0_50\" id=\"ta_50\" style=\"left:169px;bottom:894px;letter-spacing:-0.04px;display:inline;\">1. </div><div class=\"t s0_50\" id=\"tb_50\" style=\"left:195px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.02px;display:inline;\">N\u00e3o admitiu a interven\u00e7\u00e3o da Deloitte; </div>\n<div class=\"t s0_50\" id=\"tc_50\" style=\"left:169px;bottom:871px;letter-spacing:-0.04px;display:inline;\">2. </div><div class=\"t s0_50\" id=\"td_50\" style=\"left:195px;bottom:871px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">N\u00e3o admitiu a interven\u00e7\u00e3o dos membros da Comiss\u00e3o de Auditoria; </div>\n<div class=\"t s0_50\" id=\"te_50\" style=\"left:169px;bottom:847px;letter-spacing:-0.04px;display:inline;\">3. </div><div class=\"t s0_50\" id=\"tf_50\" style=\"left:195px;bottom:847px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">Admitiu a interven\u00e7\u00e3o das seguradoras; </div>\n<div class=\"t s0_50\" id=\"tg_50\" style=\"left:169px;bottom:824px;letter-spacing:-0.04px;display:inline;\">4. </div><div class=\"t s0_50\" id=\"th_50\" style=\"left:195px;bottom:824px;letter-spacing:-0.02px;word-spacing:1.59px;display:inline;\">Convidou um dos r\u00e9us a esclarecer os factos que sustentam o pedido de interven\u00e7\u00e3o de </div>\n<div class=\"t s0_50\" id=\"ti_50\" style=\"left:195px;bottom:800px;letter-spacing:-0.02px;word-spacing:7.76px;display:inline;\">alguns dos administradores da autora, dos administradores da Portugal Telecom </div>\n<div class=\"t s0_50\" id=\"tj_50\" style=\"left:195px;bottom:776px;letter-spacing:-0.04px;word-spacing:1.15px;display:inline;\">International Finance B.V. e da PT Portugal, SGPS, S.A.. Este esclarecimento foi prestado </div>\n<div class=\"t s0_50\" id=\"tk_50\" style=\"left:195px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">em fim de maio, mas o tribunal ainda n\u00e3o decidiu. </div>\n<div class=\"t s0_50\" id=\"tl_50\" style=\"left:143px;bottom:715px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Os R\u00e9us recorreram da decis\u00e3o de n\u00e3o interven\u00e7\u00e3o dos membros da Comiss\u00e3o de Auditoria. Estes </div>\n<div class=\"t s0_50\" id=\"tm_50\" style=\"left:143px;bottom:691px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">recursos n\u00e3o foram admitidos, pelo que est\u00e1 encerrada a fase dos articulados. </div>\n<div class=\"t s0_50\" id=\"tn_50\" style=\"left:143px;bottom:653px;letter-spacing:-0.04px;word-spacing:6.44px;display:inline;\">Por despacho de 18.12.2025, o tribunal indeferiu a interven\u00e7\u00e3o provocada dos restantes </div>\n<div class=\"t s0_50\" id=\"to_50\" style=\"left:143px;bottom:630px;letter-spacing:-0.03px;word-spacing:1.8px;display:inline;\">administradores da PHAROL (PT SGPS), da Portugal Telecom International Finance B.V. e da PT </div>\n<div class=\"t s0_50\" id=\"tp_50\" style=\"left:143px;bottom:606px;letter-spacing:-0.03px;word-spacing:1.78px;display:inline;\">Portugal, SGPS, S.A.. No mesmo despacho, na sequ\u00eancia de informa\u00e7\u00f5es prestadas por um dos </div>\n<div class=\"t s0_50\" id=\"tq_50\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">r\u00e9us, admitiu a interven\u00e7\u00e3o, a t\u00edtulo principal, das seguradoras por este indicadas. Aguarda- se a </div>\n<div class=\"t s0_50\" id=\"tr_50\" style=\"left:143px;bottom:559px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cita\u00e7\u00e3o das seguradoras. </div>\n<div class=\"t s0_50\" id=\"ts_50\" style=\"left:143px;bottom:521px;letter-spacing:-0.01px;word-spacing:2.66px;display:inline;\">Sendo a PHAROL autora nos autos e n\u00e3o tendo sido deduzido qualquer pedido reconvencional </div>\n<div class=\"t s0_50\" id=\"tt_50\" style=\"left:143px;bottom:498px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">inexiste qualquer conting\u00eancia para a sociedade com os autos. </div>\n<div class=\"t s0_50\" id=\"tu_50\" style=\"left:143px;bottom:460px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\">Em 2016, foi proposta nova A\u00e7\u00e3o de responsabilidade contra os ex-administradores, tendo por causa </div>\n<div class=\"t s0_50\" id=\"tv_50\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">de pedir a implementa\u00e7\u00e3o de sistemas de relato financeiro e de controlo interno que viabilizaram a </div>\n<div class=\"t s0_50\" id=\"tw_50\" style=\"left:143px;bottom:413px;letter-spacing:-0.04px;word-spacing:2.89px;display:inline;\">realiza\u00e7\u00e3o em montantes crescentes de investimentos em instrumentos de d\u00edvida emitidos por </div>\n<div class=\"t s0_50\" id=\"tx_50\" style=\"left:143px;bottom:389px;letter-spacing:-0.04px;word-spacing:-0.2px;display:inline;\">sociedades do Grupo Esp\u00edrito Santo por esses administradores decididas, em viola\u00e7\u00e3o das regras de </div>\n<div class=\"t s0_50\" id=\"ty_50\" style=\"left:143px;bottom:365px;letter-spacing:-0.02px;word-spacing:-0.31px;display:inline;\">governo da sociedade e com desconhecimento dos investidores e acionistas, geradores de elevados </div>\n<div class=\"t s0_50\" id=\"tz_50\" style=\"left:143px;bottom:342px;letter-spacing:-0.02px;word-spacing:0.82px;display:inline;\">preju\u00edzos. Nesta A\u00e7\u00e3o \u00e9 pedida a condena\u00e7\u00e3o solid\u00e1ria dos r\u00e9us no pagamento \u00e0 PHAROL de uma </div>\n<div class=\"t s0_50\" id=\"t10_50\" style=\"left:143px;bottom:318px;letter-spacing:-0.04px;word-spacing:2.88px;display:inline;\">indemniza\u00e7\u00e3o correspondente a \u20ac54.900.000,00, acrescido de demais danos que se venham a </div>\n<div class=\"t s0_50\" id=\"t11_50\" style=\"left:143px;bottom:295px;letter-spacing:-0.04px;word-spacing:0.66px;display:inline;\">apurar, nomeadamente nos \u00faltimos investimentos que se vieram a realizar com os procedimentos </div>\n<div class=\"t s0_50\" id=\"t12_50\" style=\"left:143px;bottom:271px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">implementados pelos r\u00e9us e ainda pelos danos reputacionais e multas e coimas decorrentes de falta </div>\n<div class=\"t s0_50\" id=\"t13_50\" style=\"left:143px;bottom:248px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">de completude dos documentos de reporte financeiro. </div>\n<div class=\"t s0_50\" id=\"t14_50\" style=\"left:143px;bottom:210px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">Os R\u00e9us apresentaram as suas contesta\u00e7\u00f5es e requereram a interven\u00e7\u00e3o principal provocada de </div>\n<div class=\"t s0_50\" id=\"t15_50\" style=\"left:143px;bottom:186px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">diversos terceiros, incluindo Companhia de Seguros. O Tribunal proferiu despacho de suspens\u00e3o da </div>\n<div class=\"t s0_50\" id=\"t16_50\" style=\"left:143px;bottom:163px;letter-spacing:-0.02px;word-spacing:3.52px;display:inline;\">inst\u00e2ncia por causa prejudicial \u2013 Proc. n.\u00ba 23430/15.9T8LSB, que correu termos no Ju\u00edzo de </div>\n<div class=\"t s0_50\" id=\"t17_50\" style=\"left:143px;bottom:139px;letter-spacing:-0.02px;word-spacing:-0.91px;display:inline;\">Com\u00e9rcio de Lisboa \u2013 Juiz 3, em que os R\u00e9us pretendem a anula\u00e7\u00e3o da delibera\u00e7\u00e3o social da PHAROL </div><div></div>\n<div class=\"t s0_51\" id=\"t3_51\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.39px;display:inline;\">que determinou a propositura da presente a\u00e7\u00e3o. Esta a\u00e7\u00e3o, entretanto, foi definitivamente julgada </div>\n<div class=\"t s0_51\" id=\"t4_51\" style=\"left:143px;bottom:1064px;letter-spacing:-0.04px;word-spacing:0.01px;display:inline;\">improcedente, pelo que o tribunal declarou a cessa\u00e7\u00e3o da suspens\u00e3o da inst\u00e2ncia. </div>\n<div class=\"t s0_51\" id=\"t5_51\" style=\"left:143px;bottom:1026px;letter-spacing:-0.04px;word-spacing:-0.55px;display:inline;\">O Tribunal pronunciou-se sobre a interven\u00e7\u00e3o na a\u00e7\u00e3o como r\u00e9us dos demais membros da Comiss\u00e3o </div>\n<div class=\"t s0_51\" id=\"t6_51\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">de Auditoria da PHAROL, que os R\u00e9us haviam requerido, tendo indeferido essa pretens\u00e3o. Deste </div>\n<div class=\"t s0_51\" id=\"t7_51\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">indeferimento recorreram dois dos R\u00e9us, tendo a PHAROL contra-alegado. </div>\n<div class=\"t s0_51\" id=\"t8_51\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:3.68px;display:inline;\">Entretanto, o tribunal ordenou \u00e0 PHAROL que respondesse por escrito \u00e0 mat\u00e9ria de exce\u00e7\u00e3o </div>\n<div class=\"t s0_51\" id=\"t9_51\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">suscitada pelos R\u00e9us nas contesta\u00e7\u00f5es, o que foi feito em 11.09.2019. </div>\n<div class=\"t s0_51\" id=\"ta_51\" style=\"left:143px;bottom:880px;letter-spacing:-0.03px;word-spacing:2.37px;display:inline;\">O recurso foi julgado procedente, pelo que foram citados os demais membros da Comiss\u00e3o de </div>\n<div class=\"t s0_51\" id=\"tb_51\" style=\"left:143px;bottom:856px;letter-spacing:-0.03px;word-spacing:0.48px;display:inline;\">Auditoria, que apresentaram contesta\u00e7\u00e3o conjunta em 2 de novembro de 2020. Nas contesta\u00e7\u00f5es, </div>\n<div class=\"t s0_51\" id=\"tc_51\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:1.27px;display:inline;\">os chamados requereram a interven\u00e7\u00e3o provocada das seguradoras para as quais transferiram a </div>\n<div class=\"t s0_51\" id=\"td_51\" style=\"left:143px;bottom:809px;letter-spacing:-0.03px;word-spacing:2.15px;display:inline;\">responsabilidade civil decorrente dos atos praticados no exerc\u00edcio das suas fun\u00e7\u00f5es, tal como o </div>\n<div class=\"t s0_51\" id=\"te_51\" style=\"left:143px;bottom:786px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">haviam feito os R\u00e9us iniciais. </div>\n<div class=\"t s0_51\" id=\"tf_51\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:2.64px;display:inline;\">A 31 de Dezembro de 2023, conforme oportunamente relatado, aguardava-se decis\u00e3o sobre a </div>\n<div class=\"t s0_51\" id=\"tg_51\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">interven\u00e7\u00e3o das seguradoras. </div>\n<div class=\"t s0_51\" id=\"th_51\" style=\"left:143px;bottom:686px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">O Tribunal conheceu em 2024 os pedidos de interven\u00e7\u00e3o de terceiros, admitindo a interven\u00e7\u00e3o das </div>\n<div class=\"t s0_51\" id=\"ti_51\" style=\"left:143px;bottom:663px;letter-spacing:-0.01px;word-spacing:1.43px;display:inline;\">seguradoras a t\u00edtulo principal. Foi ordenada a jun\u00e7\u00e3o de tradu\u00e7\u00f5es para cita\u00e7\u00e3o das seguradoras </div>\n<div class=\"t s0_51\" id=\"tj_51\" style=\"left:143px;bottom:639px;letter-spacing:-0.03px;word-spacing:0.02px;display:inline;\">estrangeiras, e tal jun\u00e7\u00e3o j\u00e1 aconteceu. </div>\n<div class=\"t s0_51\" id=\"tk_51\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:0.99px;display:inline;\">Aguarda-se a cita\u00e7\u00e3o das seguradoras, tendo a PHAROL insistido em dezembro de 2024 por essa </div>\n<div class=\"t s0_51\" id=\"tl_51\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">cita\u00e7\u00e3o, e a contesta\u00e7\u00e3o das mesmas. </div>\n<div class=\"t s0_51\" id=\"tm_51\" style=\"left:143px;bottom:540px;letter-spacing:-0.01px;word-spacing:-0.28px;display:inline;\">Por apenso a esta a\u00e7\u00e3o foi requerido arresto de bens dos R\u00e9us, o qual foi ordenado, incidindo sobre </div>\n<div class=\"t s0_51\" id=\"tn_51\" style=\"left:143px;bottom:516px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">diversos ativos relevantes dos ex-administradores.. Nos termos desse arresto tamb\u00e9m foi feita uma </div>\n<div class=\"t s0_51\" id=\"to_51\" style=\"left:143px;bottom:492px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">aprecia\u00e7\u00e3o preliminar da causa de pedir da a\u00e7\u00e3o contra os ex-administradores, que d\u00e1 de forma </div>\n<div class=\"t s0_51\" id=\"tp_51\" style=\"left:143px;bottom:469px;letter-spacing:-0.02px;word-spacing:5.07px;display:inline;\">perfunct\u00f3ria provada a responsabilidade destes. Citados os Requeridos, foram apresentadas </div>\n<div class=\"t s0_51\" id=\"tq_51\" style=\"left:143px;bottom:445px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">oposi\u00e7\u00f5es ao arresto e realizado o seu julgamento. </div>\n<div class=\"t s0_51\" id=\"tr_51\" style=\"left:143px;bottom:407px;letter-spacing:-0.03px;word-spacing:-0.28px;display:inline;\">Todas as oposi\u00e7\u00f5es foram julgadas procedentes. A Pharol recorreu desta decis\u00e3o quanto \u00e0s pessoas </div>\n<div class=\"t s0_51\" id=\"ts_51\" style=\"left:143px;bottom:384px;letter-spacing:-0.03px;word-spacing:2.59px;display:inline;\">singulares, conformando-se com o levantamento dos arrestas relativos \u00e0s pessoas coletivas. O </div>\n<div class=\"t s0_51\" id=\"tt_51\" style=\"left:143px;bottom:360px;letter-spacing:-0.03px;word-spacing:1.46px;display:inline;\">recurso foi julgado procedente, pelo que o arresto dos bens dos ex-administradores se mant\u00e9m. </div>\n<div class=\"t s0_51\" id=\"tu_51\" style=\"left:143px;bottom:337px;letter-spacing:-0.01px;word-spacing:2.67px;display:inline;\">Sendo a PHAROL autora nos autos e n\u00e3o tendo sido deduzido qualquer pedido reconvencional </div>\n<div class=\"t s0_51\" id=\"tv_51\" style=\"left:143px;bottom:313px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">inexiste qualquer conting\u00eancia para a sociedade com os autos. </div>\n<div class=\"t s1_51\" id=\"tw_51\" style=\"left:195px;bottom:275px;letter-spacing:-0.06px;word-spacing:0.19px;display:inline;\">A\u00e7\u00f5es contra Ex-Auditor </div>\n<div class=\"t s0_51\" id=\"tx_51\" style=\"left:143px;bottom:237px;letter-spacing:-0.03px;word-spacing:-0.24px;display:inline;\">Foi tamb\u00e9m proposta, no mesmo ano de 2016, pela PHAROL a\u00e7\u00e3o de responsabilidade civil contra a </div>\n<div class=\"t s0_51\" id=\"ty_51\" style=\"left:143px;bottom:214px;letter-spacing:-0.01px;display:inline;\">Deloitte </div><div class=\"t s0_51\" id=\"tz_51\" style=\"left:203px;bottom:214px;letter-spacing:-0.01px;word-spacing:0.08px;display:inline;\">Associados e </div><div class=\"t s0_51\" id=\"t10_51\" style=\"left:296px;bottom:214px;letter-spacing:0.02px;word-spacing:-0.01px;display:inline;\">um seu Partner </div><div class=\"t s0_51\" id=\"t11_51\" style=\"left:406px;bottom:214px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">pela viola\u00e7\u00e3o de deveres legais e contratuais na revis\u00e3o de </div>\n<div class=\"t s0_51\" id=\"t12_51\" style=\"left:143px;bottom:190px;letter-spacing:-0.03px;word-spacing:0.62px;display:inline;\">documentos de presta\u00e7\u00e3o de contas pela Autora, incluindo do Relat\u00f3rio do Governo da Sociedade, </div>\n<div class=\"t s0_51\" id=\"t13_51\" style=\"left:143px;bottom:167px;letter-spacing:-0.04px;word-spacing:-0.75px;display:inline;\">na revis\u00e3o do sistema de controlo interno, nomeadamente da respetiva operacionalidade nos termos </div>\n<div class=\"t s0_51\" id=\"t14_51\" style=\"left:143px;bottom:143px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">requeridos pela Sec\u00e7\u00e3o 404 da SARBANEX-OXLEY ACTA (SOC) e na prepara\u00e7\u00e3o e apresenta\u00e7\u00e3o dos </div>\n<div class=\"t s0_51\" id=\"t15_51\" style=\"left:143px;bottom:120px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">respetivos memorandos de auditoria e memorandos de controlo interno. </div><div></div><div class=\"t s0_52_173\" id=\"t3_52_173\" style=\"left:143px;bottom:1088px;word-spacing:0.72px;display:inline;\">De acordo com a causa de pedir, a viola\u00e7\u00e3o desses deveres foi causa adequada da n\u00e3o revela\u00e7\u00e3o </div><div class=\"t s0_52_173\" id=\"t4_52_173\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:1.31px;display:inline;\">nos documentos de presta\u00e7\u00e3o de contas entre 2010 e 2014 de elevados investimentos em papel </div><div class=\"t s0_52_173\" id=\"t5_52_173\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-0.68px;display:inline;\">comercial sem </div><div class=\"t s1_52_173\" id=\"t6_52_173\" style=\"left:240px;bottom:1041px;letter-spacing:-0.05px;display:inline;\">rating </div><div class=\"t s0_52_173\" id=\"t7_52_173\" style=\"left:282px;bottom:1041px;letter-spacing:-0.04px;word-spacing:-0.73px;display:inline;\">do Grupo Esp\u00edrito Santo ao longo desses 4 anos e que violavam diversas regras </div><div class=\"t s0_52_173\" id=\"t8_52_173\" style=\"left:143px;bottom:1017px;letter-spacing:-0.04px;word-spacing:0.03px;display:inline;\">internas, nomeadamente de governo da sociedade. </div><div class=\"t s0_52_173\" id=\"t9_52_173\" style=\"left:143px;bottom:979px;letter-spacing:-0.04px;word-spacing:-0.93px;display:inline;\">Nesta a\u00e7\u00e3o \u00e9 pedida a condena\u00e7\u00e3o solid\u00e1ria dos R\u00e9us no pagamento \u00e0 PHAROL de uma indemniza\u00e7\u00e3o </div><div class=\"t s0_52_173\" id=\"ta_52_173\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:0.27px;display:inline;\">correspondente \u00e0 diferen\u00e7a entre \u20ac897 milh\u00f5es e aquele que vier a receber no \u00e2mbito do processo </div><div class=\"t s0_52_173\" id=\"tb_52_173\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.97px;display:inline;\">de insolv\u00eancia da Rio Forte e demais danos que se vierem a apurar em execu\u00e7\u00e3o de senten\u00e7a, </div><div class=\"t s0_52_173\" id=\"tc_52_173\" style=\"left:143px;bottom:909px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">resultantes quer de danos reputacionais, quer de indemniza\u00e7\u00f5es, multas e coimas em que a autora </div><div class=\"t s0_52_173\" id=\"td_52_173\" style=\"left:143px;bottom:885px;letter-spacing:-0.02px;display:inline;\">venha a ser condenada em processos de falta de qualidade legalmente exig\u00edvel aos documentos de </div><div class=\"t s0_52_173\" id=\"te_52_173\" style=\"left:143px;bottom:861px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">reporte financeiro da PHAROL nos per\u00edodos de 2010 a 30 de Junho de 2014. </div><div class=\"t s0_52_173\" id=\"tf_52_173\" style=\"left:143px;bottom:824px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">Os R\u00e9us apresentaram contesta\u00e7\u00e3o, tendo sido requerida a interven\u00e7\u00e3o provocada da Companhia </div><div class=\"t s0_52_173\" id=\"tg_52_173\" style=\"left:143px;bottom:800px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">de Seguros, a qual foi admitida. </div><div class=\"t s0_52_173\" id=\"th_52_173\" style=\"left:143px;bottom:762px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">A PHAROL apresentou articulado superveniente em 13.09.2022, tendo por base a condena\u00e7\u00e3o da </div><div class=\"t s0_52_173\" id=\"ti_52_173\" style=\"left:143px;bottom:739px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">Deloitte em processo de contra-ordena\u00e7\u00e3o instaurado pela Comiss\u00e3o do Mercado de Valores </div><div class=\"t s0_52_173\" id=\"tj_52_173\" style=\"left:143px;bottom:715px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Mobili\u00e1rios, cuja admiss\u00e3o ainda n\u00e3o ocorreu. </div><div class=\"t s0_52_173\" id=\"tk_52_173\" style=\"left:143px;bottom:677px;letter-spacing:-0.02px;word-spacing:2.55px;display:inline;\">A Deloitte recusou a apresenta\u00e7\u00e3o dos documentos de trabalho, alegando sigilo profissional. O </div><div class=\"t s0_52_173\" id=\"tl_52_173\" style=\"left:143px;bottom:653px;letter-spacing:-0.01px;word-spacing:-0.84px;display:inline;\">tribunal deu-lhe raz\u00e3o. A PHAROL interp\u00f4s recurso dessa decis\u00e3o. O Tribunal da Rela\u00e7\u00e3o n\u00e3o admitiu </div><div class=\"t s0_52_173\" id=\"tm_52_173\" style=\"left:143px;bottom:630px;letter-spacing:-0.02px;word-spacing:1.62px;display:inline;\">o recurso da decis\u00e3o quanto ao sigilo dos documentos de trabalho, entendendo que, em vez de </div><div class=\"t s0_52_173\" id=\"tn_52_173\" style=\"left:143px;bottom:606px;letter-spacing:-0.03px;word-spacing:5.77px;display:inline;\">recurso, cabia incidente de levantamento de sigilo. A PHAROL deu in\u00edcio ao incidente de </div><div class=\"t s0_52_173\" id=\"to_52_173\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">levantamento de sigilo, o qual se encontra pendente no Tribunal da Rela\u00e7\u00e3o. J\u00e1 em 2026, foi emitido </div><div class=\"t s0_52_173\" id=\"tp_52_173\" style=\"left:143px;bottom:559px;letter-spacing:-0.04px;word-spacing:1.99px;display:inline;\">Ac\u00f3rd\u00e3o da Rela\u00e7\u00e3o de Lisboa que considerou ileg\u00edtima a recusa de jun\u00e7\u00e3o de documentos pela </div><div class=\"t s0_52_173\" id=\"tq_52_173\" style=\"left:143px;bottom:536px;letter-spacing:-0.01px;word-spacing:-0.32px;display:inline;\">Deloitte invocando o sigilo profissional e fixou um prazo de dez dias para jun\u00e7\u00e3o dos documentos, o </div><div class=\"t s0_52_173\" id=\"tr_52_173\" style=\"left:143px;bottom:512px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">que ter\u00e1 sido cumprido. </div><div class=\"t s0_52_173\" id=\"ts_52_173\" style=\"left:143px;bottom:474px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">Uma vez que n\u00e3o existe qualquer pedido reconvencional, inexistem quaisquer conting\u00eancias para a </div><div class=\"t s0_52_173\" id=\"tt_52_173\" style=\"left:143px;bottom:451px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">PHAROL emergentes dos presentes autos. </div><div class=\"t s2_52_173\" id=\"tu_52_173\" style=\"left:195px;bottom:413px;letter-spacing:-0.05px;word-spacing:0.05px;display:inline;\">Processos BES e Banco de Portugal </div><div class=\"t s0_52_173\" id=\"tv_52_173\" style=\"left:143px;bottom:375px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">Em 2017, a PHAROL constitui-se ainda assistente no Processo Universo BES, estatuto que lhe foi </div><div class=\"t s0_52_173\" id=\"tw_52_173\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:-1.13px;display:inline;\">reconhecido pelo Tribunal. Sequencialmente, quando foram deduzidas acusa\u00e7\u00f5es, a PHAROL deduziu </div><div class=\"t s0_52_173\" id=\"tx_52_173\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">pedido c\u00edvel para ressarcimento de todos os preju\u00edzos causados pela burla praticada por alguns dos </div><div class=\"t s0_52_173\" id=\"ty_52_173\" style=\"left:143px;bottom:304px;letter-spacing:-0.04px;word-spacing:-0.36px;display:inline;\">a\u00ed arguidos, para subscri\u00e7\u00e3o pela PHAROL em fevereiro de 2014 de Papel Comercial emitido pela Rio </div><div class=\"t s0_52_173\" id=\"tz_52_173\" style=\"left:143px;bottom:281px;letter-spacing:-0.02px;word-spacing:1.45px;display:inline;\">Forte no montante de 897 milh\u00f5es de euros. Como \u00e9 p\u00fablico, v\u00e1rios dos arguidos requereram a </div><div class=\"t s0_52_173\" id=\"t10_52_173\" style=\"left:143px;bottom:257px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">abertura de instru\u00e7\u00e3o. O julgamento j\u00e1 se iniciou, tendo o Tribunal entendido que os pedidos c\u00edveis </div><div class=\"t s0_52_173\" id=\"t11_52_173\" style=\"left:143px;bottom:233px;letter-spacing:-0.01px;word-spacing:1.57px;display:inline;\">deviam ser deduzidos em processo c\u00edvel para n\u00e3o retardar a marcha do processo penal, dada a </div><div class=\"t s0_52_173\" id=\"t12_52_173\" style=\"left:143px;bottom:210px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">exist\u00eancia de centenas de pedidos c\u00edveis. </div><div class=\"t s0_52_173\" id=\"t13_52_173\" style=\"left:143px;bottom:172px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">Em 2016, a PHAROL intentou uma A\u00e7\u00e3o administrativa contra o Banco de Portugal, tendo por base </div><div class=\"t s0_52_173\" id=\"t14_52_173\" style=\"left:143px;bottom:148px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">a impugna\u00e7\u00e3o das Delibera\u00e7\u00f5es \u201cConting\u00eancias\u201d e \u201cPer\u00edmetro\u201d tomadas pelo Banco de Portugal no </div><div class=\"t s0_52_173\" id=\"t15_52_173\" style=\"left:143px;bottom:125px;letter-spacing:-0.03px;word-spacing:-0.91px;display:inline;\">dia 29.12.2015, que determinam que as responsabilidades contingentes ou desconhecidas pelo BES, </div><div class=\"t s0_52_173\" id=\"t16_52_173\" style=\"left:143px;bottom:101px;letter-spacing:-0.04px;word-spacing:-0.9px;display:inline;\">perante terceiros, com refer\u00eancia a 03.08.2014, n\u00e3o foram transferidas para o Novo Banco ou, tendo </div><div></div>\n<div class=\"t s0_53\" id=\"t3_53\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">sido, foram retransferidas de volta para o BES com efeitos retroativos \u00e0quela data. Sem qualquer </div>\n<div class=\"t s0_53\" id=\"t4_53\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:1.3px;display:inline;\">avan\u00e7o significativo nestes \u00faltimos anos, recentemente, este caso foi inclu\u00eddo num procedimento </div>\n<div class=\"t s0_53\" id=\"t5_53\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-0.41px;display:inline;\">especial de acelera\u00e7\u00e3o de processos. De acordo com este mecanismo foram designados 5 processos </div>\n<div class=\"t s0_53\" id=\"t6_53\" style=\"left:143px;bottom:1017px;word-spacing:1.73px;display:inline;\">piloto (semelhantes entre si) que ter\u00e3o andamento priorit\u00e1rio e determinou-se a suspens\u00e3o dos </div>\n<div class=\"t s0_53\" id=\"t7_53\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:3.21px;display:inline;\">demais processos semelhantes at\u00e9 \u00e0 prola\u00e7\u00e3o de decis\u00e3o final nos processos piloto. Uma vez </div>\n<div class=\"t s0_53\" id=\"t8_53\" style=\"left:143px;bottom:970px;letter-spacing:-0.01px;word-spacing:2.29px;display:inline;\">proferida, a decis\u00e3o nos processos piloto servir\u00e1 como base para os restantes. Foi requerida a </div>\n<div class=\"t s0_53\" id=\"t9_53\" style=\"left:143px;bottom:947px;letter-spacing:-0.02px;word-spacing:-0.92px;display:inline;\">exclus\u00e3o do processo da PHAROL e aguarda-se prola\u00e7\u00e3o de despacho sobre esse requerimento. Caso </div>\n<div class=\"t s0_53\" id=\"ta_53\" style=\"left:143px;bottom:923px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">o requerimento venha a ser deferido, o processo da PHAROL continuar\u00e1 o seu andamento normal </div>\n<div class=\"t s0_53\" id=\"tb_53\" style=\"left:143px;bottom:899px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">sem qualquer suspens\u00e3o at\u00e9 \u00e0 prola\u00e7\u00e3o de decis\u00e3o final. </div>\n<div class=\"t s0_53\" id=\"tc_53\" style=\"left:143px;bottom:861px;letter-spacing:-0.01px;word-spacing:0.62px;display:inline;\">Tamb\u00e9m em 2016, foi apresentada Reclama\u00e7\u00e3o de cr\u00e9ditos no processo de insolv\u00eancia do BES no </div>\n<div class=\"t s0_53\" id=\"td_53\" style=\"left:143px;bottom:838px;letter-spacing:-0.03px;word-spacing:-0.25px;display:inline;\">valor de \u20ac 897 Milh\u00f5es, correspondente ao montante investido pela PT SGPS em papel comercial da </div>\n<div class=\"t s0_53\" id=\"te_53\" style=\"left:143px;bottom:814px;letter-spacing:-0.03px;word-spacing:0.94px;display:inline;\">Rio Forte, tendo por base a responsabilidade do BES enquanto intermedi\u00e1rio financeiro. O cr\u00e9dito </div>\n<div class=\"t s0_53\" id=\"tf_53\" style=\"left:143px;bottom:791px;letter-spacing:-0.03px;word-spacing:6.97px;display:inline;\">da Pharol foi reconhecido como subordinado pela Comiss\u00e3o Liquidat\u00e1ria, foi apresentada </div>\n<div class=\"t s0_53\" id=\"tg_53\" style=\"left:143px;bottom:767px;letter-spacing:-0.03px;word-spacing:-0.23px;display:inline;\">impugna\u00e7\u00e3o, que mereceu nova resposta desfavor\u00e1vel daquela Comiss\u00e3o e consequente r\u00e9plica por </div>\n<div class=\"t s0_53\" id=\"th_53\" style=\"left:143px;bottom:744px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">parte da PHAROL. Aguarda-se prola\u00e7\u00e3o de decis\u00e3o sobre a impugna\u00e7\u00e3o apresentada. </div>\n<div class=\"t s1_53\" id=\"ti_53\" style=\"left:195px;bottom:706px;letter-spacing:-0.04px;word-spacing:0.1px;display:inline;\">Processo ESI </div>\n<div class=\"t s0_53\" id=\"tj_53\" style=\"left:143px;bottom:668px;letter-spacing:-0.03px;word-spacing:1.07px;display:inline;\">Finalmente, ainda relacionado com o processo Rio Forte, em dezembro de 2017, a PHAROL, teve </div>\n<div class=\"t s0_53\" id=\"tk_53\" style=\"left:143px;bottom:644px;letter-spacing:-0.02px;word-spacing:0.28px;display:inline;\">conhecimento de um comunicado dos Curadores da Esp\u00edrito Santo International, S.A, (\u201cESI\u201d), pelo </div>\n<div class=\"t s0_53\" id=\"tl_53\" style=\"left:143px;bottom:621px;letter-spacing:-0.02px;word-spacing:5.79px;display:inline;\">qual estes declaravam que essa sociedade falida iria avaliar a possibilidade de processar </div>\n<div class=\"t s0_53\" id=\"tm_53\" style=\"left:143px;bottom:597px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">judicialmente a PHAROL, pedindo a sua condena\u00e7\u00e3o no reembolso de 750 milh\u00f5es de Euros, sem </div>\n<div class=\"t s0_53\" id=\"tn_53\" style=\"left:143px;bottom:574px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">especificar os fundamentos desse pedido. No dia 28 de Janeiro de 2019, como medida de prote\u00e7\u00e3o </div>\n<div class=\"t s0_53\" id=\"to_53\" style=\"left:143px;bottom:550px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">para interromper qualquer per\u00edodo de prescri\u00e7\u00e3o, a PHAROL foi ainda citada para processo no </div>\n<div class=\"t s0_53\" id=\"tp_53\" style=\"left:143px;bottom:526px;letter-spacing:-0.02px;word-spacing:4.21px;display:inline;\">Tribunal do Luxemburgo pelo Curador </div><div class=\"t s2_53\" id=\"tq_53\" style=\"left:417px;bottom:526px;letter-spacing:-0.03px;display:inline;\">Ad-hoc </div><div class=\"t s0_53\" id=\"tr_53\" style=\"left:471px;bottom:526px;letter-spacing:-0.03px;word-spacing:4.29px;display:inline;\">da ESI \u2013 Esp\u00edrito Santo Internacional, com a </div>\n<div class=\"t s0_53\" id=\"ts_53\" style=\"left:143px;bottom:503px;letter-spacing:-0.04px;word-spacing:3px;display:inline;\">reclama\u00e7\u00e3o de que teria recebido pagamentos indevidos da ESI no montante de setecentos e </div>\n<div class=\"t s0_53\" id=\"tt_53\" style=\"left:143px;bottom:479px;letter-spacing:-0.02px;word-spacing:1.44px;display:inline;\">cinquenta milh\u00f5es de euros, alegando, em s\u00edntese, que (a) o pagamento devia ter sido feito em </div>\n<div class=\"t s0_53\" id=\"tu_53\" style=\"left:143px;bottom:456px;letter-spacing:-0.01px;word-spacing:0.42px;display:inline;\">dinheiro ou atrav\u00e9s de \u201ceffets de commerce\u201d e n\u00e3o por transfer\u00eancias banc\u00e1rias, (b) o pagamento </div>\n<div class=\"t s0_53\" id=\"tv_53\" style=\"left:143px;bottom:432px;letter-spacing:-0.01px;word-spacing:-1px;display:inline;\">foi anormal porque a ESI n\u00e3o tinha os necess\u00e1rios fundos, (c) a PHAROL estava consciente do estado </div>\n<div class=\"t s0_53\" id=\"tw_53\" style=\"left:143px;bottom:409px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">de insolv\u00eancia da ESI e (d) o pagamento fez parte de um esquema fraudulento. </div>\n<div class=\"t s0_53\" id=\"tx_53\" style=\"left:143px;bottom:371px;word-spacing:1.74px;display:inline;\">Realizou-se audi\u00eancia de julgamento em novembro de 2025 a audi\u00eancia de julgamento, que foi </div>\n<div class=\"t s0_53\" id=\"ty_53\" style=\"left:143px;bottom:347px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">acompanhada com assessoria dos Advogados Luxemburgueses da PHAROL. </div>\n<div class=\"t s0_53\" id=\"tz_53\" style=\"left:143px;bottom:315px;letter-spacing:-0.04px;word-spacing:2.38px;display:inline;\">At\u00e9 \u00e0 data da audi\u00eancia de julgamento n\u00e3o foram apresentadas quaisquer factos e provas que </div>\n<div class=\"t s0_53\" id=\"t10_53\" style=\"left:143px;bottom:291px;letter-spacing:-0.02px;word-spacing:3.88px;display:inline;\">sustentassem a irregularidade do pagamento feito pela ESI \u00e0 Pharol. Esta a\u00e7\u00e3o, para evitar </div>\n<div class=\"t s0_53\" id=\"t11_53\" style=\"left:143px;bottom:268px;letter-spacing:-0.02px;word-spacing:-0.48px;display:inline;\">contradi\u00e7\u00e3o de julgados, passou a ser julgada em conjunto com o reconhecimento do remanescente </div>\n<div class=\"t s0_53\" id=\"t12_53\" style=\"left:143px;bottom:244px;letter-spacing:-0.02px;word-spacing:0.45px;display:inline;\">do cr\u00e9dito de 750 milh\u00f5es da Pharol sobre a Rio Forte no \u00e2mbito do processo da insolv\u00eancia desta </div>\n<div class=\"t s0_53\" id=\"t13_53\" style=\"left:143px;bottom:220px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">\u00faltima. Esta a\u00e7\u00e3o foi objeto de audi\u00eancia de julgamento conjunta com a a\u00e7\u00e3o proposta pelo Curador </div>\n<div class=\"t s0_53\" id=\"t14_53\" style=\"left:143px;bottom:197px;letter-spacing:-0.05px;word-spacing:0.01px;display:inline;\">Ad Hoc. </div>\n<div class=\"t s0_53\" id=\"t15_53\" style=\"left:143px;bottom:159px;letter-spacing:-0.02px;word-spacing:-0.62px;display:inline;\">Conforme indicado anteriormente, a 13 de fevereiro de 2026, foi decidido pelo Tribunal de Com\u00e9rcio </div>\n<div class=\"t s0_53\" id=\"t16_53\" style=\"left:143px;bottom:135px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">do Luxemburgo que neste processo a PHAROL n\u00e3o tem que devolver quaisquer quantias \u00e0 ESI. </div><div></div><div class=\"t s0_54\" id=\"t3_54\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">A decis\u00e3o, ainda que suscet\u00edvel de recurso no prazo de 40 dias contados da Notifica\u00e7\u00e3o do Curador </div><span>Ad Hoc, deu integralmente raz\u00e3o \u00e0s posi\u00e7\u00f5es sustentadas pela PHAROL desde o primeiro momento.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00217": {
   "value": "<span>13. </span><div class=\"t s2_47\" id=\"td_47\" style=\"left:169px;bottom:793px;letter-spacing:0.2px;word-spacing:-0.02px;display:inline;\">Outros ativos n\u00e3o correntes </div><div class=\"t s0_47\" id=\"te_47\" style=\"left:143px;bottom:759px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">Em 31 de dezembro de 2025 e de 2024 esta rubrica inclui uma estimativa de recupera\u00e7\u00e3o futura de </div><div class=\"t s0_47\" id=\"tf_47\" style=\"left:143px;bottom:735px;letter-spacing:-0.01px;word-spacing:1.8px;display:inline;\">aproximadamente 51,9 milh\u00f5es de Euros relativos aos instrumentos de d\u00edvida emitidos pela Rio </div><div class=\"t s0_47\" id=\"tg_47\" style=\"left:143px;bottom:712px;display:inline;\">Forte. </div><div class=\"t s1_47\" id=\"th_47\" style=\"left:195px;bottom:674px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">Rio Forte </div><div class=\"t s0_47\" id=\"ti_47\" style=\"left:143px;bottom:636px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">Relativamente aos instrumentos de d\u00edvida emitidos pela Rio Forte, ap\u00f3s ter tomado conhecimento </div><div class=\"t s0_47\" id=\"tj_47\" style=\"left:143px;bottom:612px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">do Relat\u00f3rio dos Administradores Judiciais no processo de insolv\u00eancia da Rio Forte (Rapport n\u00ba4 des </div><div class=\"t s0_47\" id=\"tk_47\" style=\"left:143px;bottom:588px;letter-spacing:-0.02px;word-spacing:1.32px;display:inline;\">Curateurs), datado de 31 de agosto de 2016, dispon\u00edvel em www.espiritosantoinsolvencies.lu , a </div><div class=\"t s0_47\" id=\"tl_47\" style=\"left:143px;bottom:565px;letter-spacing:-0.02px;word-spacing:0.74px;display:inline;\">PHAROL iniciou dilig\u00eancias no sentido de apurar as implica\u00e7\u00f5es financeiras, contabil\u00edsticas e legais </div><div class=\"t s0_47\" id=\"tm_47\" style=\"left:143px;bottom:541px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">do contido no seu ponto 2.1.6., que se transcreve em tradu\u00e7\u00e3o livre: </div><div class=\"t s3_47\" id=\"tn_47\" style=\"left:143px;bottom:503px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">\u201cRecupera\u00e7\u00e3o previs\u00edvel </div><div class=\"t s3_47\" id=\"to_47\" style=\"left:143px;bottom:466px;letter-spacing:-0.03px;word-spacing:0.6px;display:inline;\">As informa\u00e7\u00f5es atualmente dispon\u00edveis para os Administradores Judiciais n\u00e3o permitem fazer uma </div><div class=\"t s3_47\" id=\"tp_47\" style=\"left:143px;bottom:442px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">estimativa, nem da recupera\u00e7\u00e3o total, nem da recupera\u00e7\u00e3o a realizar pela sociedade em processo </div><div class=\"t s3_47\" id=\"tq_47\" style=\"left:143px;bottom:418px;letter-spacing:0.03px;word-spacing:-0.21px;display:inline;\">de fal\u00eancia. </div><div class=\"t s3_47\" id=\"tr_47\" style=\"left:143px;bottom:380px;letter-spacing:-0.01px;word-spacing:0.08px;display:inline;\">N\u00e3o se pode excluir que o arresto judicial e os eventuais direitos de terceiros envolvidos venham a </div><div class=\"t s3_47\" id=\"ts_47\" style=\"left:143px;bottom:357px;letter-spacing:-0.04px;word-spacing:2.74px;display:inline;\">impedir de forma prolongada, ou mesmo definitivamente, que a massa da fal\u00eancia recupere e </div><div class=\"t s3_47\" id=\"tt_47\" style=\"left:143px;bottom:333px;letter-spacing:-0.03px;word-spacing:1.69px;display:inline;\">distribua certos ativos. De facto, n\u00e3o se exclui que as autoridades judiciais tenham por objetivo </div><div class=\"t s3_47\" id=\"tu_47\" style=\"left:143px;bottom:310px;letter-spacing:-0.01px;word-spacing:-0.15px;display:inline;\">confiscar os bens agora arrestados.\u201d </div><div class=\"t s0_47\" id=\"tv_47\" style=\"left:143px;bottom:272px;letter-spacing:-0.03px;word-spacing:4.41px;display:inline;\">A Administra\u00e7\u00e3o da PHAROL, ap\u00f3s dilig\u00eancias adequadas e suportada pela an\u00e1lise dos seus </div><div class=\"t s0_47\" id=\"tw_47\" style=\"left:143px;bottom:248px;letter-spacing:-0.02px;word-spacing:2.76px;display:inline;\">assessores, concluiu, nessa data, por um princ\u00edpio de prud\u00eancia, que os valores esperados de </div><div class=\"t s0_47\" id=\"tx_47\" style=\"left:143px;bottom:225px;letter-spacing:-0.03px;word-spacing:-0.39px;display:inline;\">recupera\u00e7\u00e3o dos ativos por parte da massa da insolvente e, em consequ\u00eancia, por parte da PHAROL </div><div class=\"t s0_47\" id=\"ty_47\" style=\"left:143px;bottom:201px;letter-spacing:-0.02px;word-spacing:3.54px;display:inline;\">junto da Rio Forte tinham reduzido. O investimento da PHAROL nos t\u00edtulos da Rio Forte, foi </div><div class=\"t s0_47\" id=\"tz_47\" style=\"left:143px;bottom:178px;letter-spacing:-0.04px;word-spacing:1.15px;display:inline;\">inicialmente valorizado ao justo valor aquando do seu reconhecimento inicial em 30 de mar\u00e7o de </div><div class=\"t s0_47\" id=\"t10_47\" style=\"left:143px;bottom:154px;letter-spacing:-0.03px;word-spacing:0.39px;display:inline;\">2015, sendo subsequentemente mensurado ao custo amortizado deduzido de quaisquer perdas de </div><div class=\"t s0_47\" id=\"t11_47\" style=\"left:143px;bottom:130px;letter-spacing:-0.02px;word-spacing:2.29px;display:inline;\">imparidade. Tendo por base os princ\u00edpios base enunciados na IAS 39 (atualmente IFRS 9) e a </div><div class=\"t s0_47\" id=\"t12_47\" style=\"left:143px;bottom:107px;letter-spacing:-0.03px;word-spacing:-0.26px;display:inline;\">informa\u00e7\u00e3o dispon\u00edvel, a Administra\u00e7\u00e3o, utilizou o seu julgamento na defini\u00e7\u00e3o de pressupostos que </div><div></div>\n<div class=\"t s0_48\" id=\"t3_48\" style=\"left:143px;bottom:1088px;letter-spacing:-0.01px;word-spacing:2.32px;display:inline;\">culminaram numa valoriza\u00e7\u00e3o do cr\u00e9dito sobre a Rio Forte em 85,7 milh\u00f5es de Euros a 31 de </div>\n<div class=\"t s0_48\" id=\"t4_48\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.96px;display:inline;\">dezembro de 2016, ou seja, cerca de 9,5% do valor nominal, contra, aproximadamente, 15% do </div>\n<div class=\"t s0_48\" id=\"t5_48\" style=\"left:143px;bottom:1041px;letter-spacing:-0.01px;word-spacing:-0.45px;display:inline;\">valor nominal a 31 de dezembro de 2015, o que determinou a contabiliza\u00e7\u00e3o de uma imparidade no </div>\n<div class=\"t s0_48\" id=\"t6_48\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:0.04px;display:inline;\">montante de 48,8M\u20ac. </div>\n<div class=\"t s0_48\" id=\"t7_48\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.03px;display:inline;\">Adicionalmente, em dezembro de 2017, ap\u00f3s a atualiza\u00e7\u00e3o do montante de reclama\u00e7\u00f5es de cr\u00e9dito </div>\n<div class=\"t s0_48\" id=\"t8_48\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.58px;display:inline;\">considerado no \u00faltimo relat\u00f3rio dos Administradores Judiciais ter revelado ser num valor superior ao </div>\n<div class=\"t s0_48\" id=\"t9_48\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.51px;display:inline;\">anteriormente considerado, a valoriza\u00e7\u00e3o de recupera\u00e7\u00e3o da d\u00edvida foi revista novamente em baixa, </div>\n<div class=\"t s0_48\" id=\"ta_48\" style=\"left:143px;bottom:909px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">tendo-se registado em 8,32% de recupera\u00e7\u00e3o, o que equivale a uma redu\u00e7\u00e3o de 11,1 milh\u00f5es de </div>\n<div class=\"t s0_48\" id=\"tb_48\" style=\"left:143px;bottom:885px;letter-spacing:-0.01px;word-spacing:-1.15px;display:inline;\">Euros para o montante de 74,6 milh\u00f5es de Euros. A 31 de Dezembro de 2018, o valor de recupera\u00e7\u00e3o </div>\n<div class=\"t s0_48\" id=\"tc_48\" style=\"left:143px;bottom:861px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">da d\u00edvida manteve-se em 8,32%. </div>\n<div class=\"t s0_48\" id=\"td_48\" style=\"left:143px;bottom:824px;letter-spacing:-0.01px;word-spacing:-0.65px;display:inline;\">Em abril de 2019 e ap\u00f3s 5 anos da entrada da reclama\u00e7\u00e3o de cr\u00e9dito sobre a Rio Forte, foi divulgado </div>\n<div class=\"t s0_48\" id=\"te_48\" style=\"left:143px;bottom:800px;letter-spacing:-0.03px;word-spacing:1.13px;display:inline;\">no dia 30 de abril um novo relat\u00f3rio dos Administradores Judiciais, que apontava essencialmente </div>\n<div class=\"t s0_48\" id=\"tf_48\" style=\"left:143px;bottom:776px;letter-spacing:-0.02px;word-spacing:-0.95px;display:inline;\">para: 1) adiamento dos resultados da conclus\u00e3o da an\u00e1lise administrativa das declara\u00e7\u00f5es de d\u00edvida; </div>\n<div class=\"t s0_48\" id=\"tg_48\" style=\"left:143px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">e 2) revis\u00e3o em baixa do valor dos ativos da Rio Forte na Am\u00e9rica Latina. Assim e com base nestes </div>\n<div class=\"t s0_48\" id=\"th_48\" style=\"left:143px;bottom:729px;letter-spacing:-0.01px;word-spacing:0.36px;display:inline;\">novos fatores, a valoriza\u00e7\u00e3o de recupera\u00e7\u00e3o da d\u00edvida foi, uma vez mais, revista em baixa, tendo- </div>\n<div class=\"t s0_48\" id=\"ti_48\" style=\"left:143px;bottom:706px;letter-spacing:-0.02px;word-spacing:1.28px;display:inline;\">se quedado em 7,19% de recupera\u00e7\u00e3o do valor nominal, o que equivale a uma redu\u00e7\u00e3o de 10,1 </div>\n<div class=\"t s0_48\" id=\"tj_48\" style=\"left:143px;bottom:682px;letter-spacing:-0.02px;word-spacing:0.37px;display:inline;\">milh\u00f5es de Euros para o montante de 64,5 milh\u00f5es de Euros. Ainda no exerc\u00edcio de 2019 e ap\u00f3s a </div>\n<div class=\"t s0_48\" id=\"tk_48\" style=\"left:143px;bottom:659px;letter-spacing:-0.02px;word-spacing:0.76px;display:inline;\">an\u00e1lise do \u00faltimo relat\u00f3rio emitido pelos Administradores Judiciais, com efeitos a 31 de dezembro </div>\n<div class=\"t s0_48\" id=\"tl_48\" style=\"left:143px;bottom:635px;letter-spacing:-0.01px;word-spacing:0.59px;display:inline;\">de 2019, aquele valor foi, uma vez mais, revisto em baixa, tendo a recupera\u00e7\u00e3o do valor nominal </div>\n<div class=\"t s0_48\" id=\"tm_48\" style=\"left:143px;bottom:611px;letter-spacing:-0.03px;word-spacing:0.96px;display:inline;\">sido fixada em 7,02%, o que equivale a uma redu\u00e7\u00e3o adicional de 1,5 milh\u00f5es de Euros para um </div>\n<div class=\"t s0_48\" id=\"tn_48\" style=\"left:143px;bottom:588px;letter-spacing:-0.01px;word-spacing:0.94px;display:inline;\">montante total de recupera\u00e7\u00e3o de 63 milh\u00f5es de Euros. A 31 de dezembro de 2020, foi efetuada </div>\n<div class=\"t s0_48\" id=\"to_48\" style=\"left:143px;bottom:564px;letter-spacing:-0.03px;word-spacing:-0.94px;display:inline;\">uma nova revis\u00e3o em baixa de recupera\u00e7\u00e3o do valor nominal para 5,79%, justificada essencialmente </div>\n<div class=\"t s0_48\" id=\"tp_48\" style=\"left:143px;bottom:541px;letter-spacing:-0.01px;word-spacing:-0.48px;display:inline;\">pela deprecia\u00e7\u00e3o dos ativos detidos pela Rio Forte na Am\u00e9rica Latina, o que equivale a uma redu\u00e7\u00e3o </div>\n<div class=\"t s0_48\" id=\"tq_48\" style=\"left:143px;bottom:517px;letter-spacing:-0.01px;word-spacing:-0.14px;display:inline;\">de 11,1 milh\u00f5es de Euros para o montante de 51,9 milh\u00f5es de Euros. </div>\n<div class=\"t s0_48\" id=\"tr_48\" style=\"left:143px;bottom:479px;letter-spacing:-0.04px;word-spacing:-0.37px;display:inline;\">A 16 de Novembro de 2023, os curadores da Rio Forte decidiram que o cr\u00e9dito de insolv\u00eancia da Rio </div>\n<div class=\"t s0_48\" id=\"ts_48\" style=\"left:143px;bottom:456px;letter-spacing:-0.02px;word-spacing:1.31px;display:inline;\">Forte Investments apresentado pela PHAROL seria submetido, por uma medida de prud\u00eancia, ao </div>\n<div class=\"t s0_48\" id=\"tt_48\" style=\"left:143px;bottom:432px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">Tribunal de Comercio do Luxemburgo para decis\u00e3o sobre a sua admiss\u00e3o ao passivo de insolv\u00eancia, </div>\n<div class=\"t s0_48\" id=\"tu_48\" style=\"left:143px;bottom:409px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">por, usando as palavras dos curadores, a pretens\u00e3o da PHAROL n\u00e3o parecer cumprir plenamente </div>\n<div class=\"t s0_48\" id=\"tv_48\" style=\"left:143px;bottom:385px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">todos os requisitos legais. </div>\n<div class=\"t s0_48\" id=\"tw_48\" style=\"left:143px;bottom:347px;letter-spacing:-0.02px;word-spacing:-0.77px;display:inline;\">Em fevereiro de 2024 e prevenindo a hip\u00f3tese de ser reconhecido pelo Tribunal a validade do cr\u00e9dito </div>\n<div class=\"t s0_48\" id=\"tx_48\" style=\"left:143px;bottom:324px;letter-spacing:-0.02px;word-spacing:1.25px;display:inline;\">da PHAROL sobre a Rio Forte os curadores desta \u00faltima vieram pedir a t\u00edtulo subsidi\u00e1rio que um </div>\n<div class=\"t s0_48\" id=\"ty_48\" style=\"left:143px;bottom:300px;letter-spacing:-0.03px;word-spacing:1.31px;display:inline;\">reembolso em abril de 2014 de \u20ac 199.631.000,00 de papel comercial subscrito diretamente pela </div>\n<div class=\"t s0_48\" id=\"tz_48\" style=\"left:143px;bottom:276px;letter-spacing:-0.03px;word-spacing:-0.56px;display:inline;\">PHAROL em fevereiro de 2014 fosse considerado nulo por ter sido realizado no per\u00edodo suspeito. Por </div>\n<div class=\"t s0_48\" id=\"t10_48\" style=\"left:143px;bottom:253px;letter-spacing:-0.02px;word-spacing:0.46px;display:inline;\">raz\u00f5es processuais e tamb\u00e9m por mais uma vez n\u00e3o apresentarem qualquer prova substancial, os </div>\n<div class=\"t s0_48\" id=\"t11_48\" style=\"left:143px;bottom:229px;letter-spacing:-0.01px;word-spacing:-0.08px;display:inline;\">nossos Advogados s\u00e3o da opini\u00e3o de que esta </div><div class=\"t s1_48\" id=\"t12_48\" style=\"left:447px;bottom:229px;letter-spacing:-0.03px;display:inline;\">assignation </div><div class=\"t s0_48\" id=\"t13_48\" style=\"left:525px;bottom:229px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">n\u00e3o tem fundamento. </div>\n<div class=\"t s0_48\" id=\"t14_48\" style=\"left:143px;bottom:191px;letter-spacing:-0.04px;word-spacing:2.52px;display:inline;\">Em 8 de dezembro de 2024, e ap\u00f3s audi\u00eancias realizadas em outubro de 2024, a PHAROL foi </div>\n<div class=\"t s0_48\" id=\"t15_48\" style=\"left:143px;bottom:168px;letter-spacing:-0.04px;word-spacing:4.08px;display:inline;\">notificada da decis\u00e3o do Tribunal de Com\u00e9rcio do Luxemburgo que reconheceu o cr\u00e9dito de </div>\n<div class=\"t s0_48\" id=\"t16_48\" style=\"left:143px;bottom:144px;letter-spacing:-0.02px;word-spacing:-0.92px;display:inline;\">\u20ac147.000.000 sobre a massa insolvente da Rio Forte, S.A., acrescido de juros at\u00e9 \u00e0 data do processo </div>\n<div class=\"t s0_48\" id=\"t17_48\" style=\"left:143px;bottom:121px;letter-spacing:-0.01px;word-spacing:0.59px;display:inline;\">de insolv\u00eancia. A decis\u00e3o sobre o remanescente de \u20ac750.000.000 foi suspensa at\u00e9 a resolu\u00e7\u00e3o de </div><div></div>\n<div class=\"t s0_49\" id=\"t3_49\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:6.09px;display:inline;\">um processo relacionado com a anula\u00e7\u00e3o de um pagamento alegado pela Esp\u00edrito Santo </div>\n<div class=\"t s0_49\" id=\"t4_49\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:0.05px;display:inline;\">Internacional, S.A. A PHAROL reafirma que n\u00e3o \u00e9 devedora da ESI, mantendo a fundamenta\u00e7\u00e3o do </div>\n<div class=\"t s0_49\" id=\"t5_49\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:0.09px;display:inline;\">cr\u00e9dito remanescente. </div>\n<div class=\"t s0_49\" id=\"t6_49\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">A 31 de Dezembro de 2025, considerando a manuten\u00e7\u00e3o dos principais fatores de avalia\u00e7\u00e3o dos </div>\n<div class=\"t s0_49\" id=\"t7_49\" style=\"left:143px;bottom:979px;letter-spacing:-0.03px;word-spacing:-0.63px;display:inline;\">Ativos da Rio Forte e n\u00e3o havendo evolu\u00e7\u00e3o no montante das d\u00edvidas reclamadas, o valor expect\u00e1vel </div>\n<div class=\"t s0_49\" id=\"t8_49\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.37px;display:inline;\">de recupera\u00e7\u00e3o da d\u00edvida nominal da Rio Forte manteve-se inalterado em 5,79% equivalente a 51,9 </div>\n<div class=\"t s0_49\" id=\"t9_49\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">milh\u00f5es de Euros. </div>\n<div class=\"t s0_49\" id=\"ta_49\" style=\"left:143px;bottom:894px;letter-spacing:-0.04px;word-spacing:3.06px;display:inline;\">J\u00e1 em 13 de fevereiro de 2026, a PHAROL notificada de decis\u00e3o do Tribunal de Com\u00e9rcio do </div>\n<div class=\"t s0_49\" id=\"tb_49\" style=\"left:143px;bottom:871px;letter-spacing:-0.04px;word-spacing:-0.71px;display:inline;\">Luxemburgo que no \u00e2mbito do processo de insolv\u00eancia da Rio Forte reconheceu o cr\u00e9dito da PHAROL </div>\n<div class=\"t s0_49\" id=\"tc_49\" style=\"left:143px;bottom:847px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">sobre a massa insolvente da Rio Forte no montante de capital de 750 milh\u00f5es de Euros, a ser </div>\n<div class=\"t s0_49\" id=\"td_49\" style=\"left:143px;bottom:824px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">acrescido dos juros devidos at\u00e9 \u00e0 data de abertura do processo de insolv\u00eancia. </div>\n<div class=\"t s0_49\" id=\"te_49\" style=\"left:143px;bottom:786px;letter-spacing:-0.04px;word-spacing:-0.37px;display:inline;\">Assim o valor total de cr\u00e9dito da PHAROL sobre a massa insolvente da Rio Forte mant\u00e9m-se em 897 </div>\n<div class=\"t s0_49\" id=\"tf_49\" style=\"left:143px;bottom:762px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">milh\u00f5es de euros e respetivos juros legais, como sempre reclamado desde 2014. </div>\n<div class=\"t s0_49\" id=\"tg_49\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:2.63px;display:inline;\">Foi julgado nos mesmos autos o processo proposto por um Curador </div><div class=\"t s1_49\" id=\"th_49\" style=\"left:618px;bottom:724px;letter-spacing:-0.07px;word-spacing:2.59px;display:inline;\">Ad Hoc </div><div class=\"t s0_49\" id=\"ti_49\" style=\"left:674px;bottom:724px;word-spacing:2.47px;display:inline;\">da ESI visando a </div>\n<div class=\"t s0_49\" id=\"tj_49\" style=\"left:143px;bottom:701px;letter-spacing:-0.02px;word-spacing:-0.94px;display:inline;\">anula\u00e7\u00e3o de um pagamento alegadamente indevido de um valor acumulado de 750 milh\u00f5es de euros </div>\n<div class=\"t s0_49\" id=\"tk_49\" style=\"left:143px;bottom:677px;letter-spacing:-0.03px;word-spacing:0.05px;display:inline;\">de Notes efetuado pela ESI no princ\u00edpio de 2014 \u00e0 Pharol SGPS, S.A (200 milh\u00f5es de euros) e \u00e0 PT </div>\n<div class=\"t s0_49\" id=\"tl_49\" style=\"left:143px;bottom:653px;letter-spacing:-0.02px;word-spacing:-0.32px;display:inline;\">Finance (550 milh\u00f5es de euros), processo esse comunicado ao mercado em 1 de fevereiro de 2019. </div>\n<div class=\"t s0_49\" id=\"tm_49\" style=\"left:143px;bottom:630px;letter-spacing:-0.04px;word-spacing:-0.38px;display:inline;\">Tamb\u00e9m neste processo foi decidido que a PHAROL n\u00e3o tem que devolver quaisquer quantias \u00e0 ESI. </div>\n<div class=\"t s0_49\" id=\"tn_49\" style=\"left:143px;bottom:592px;letter-spacing:-0.02px;word-spacing:-0.49px;display:inline;\">As decis\u00f5es judiciais acima referidas, ainda que suscet\u00edveis de recurso no prazo de 40 dias contados </div>\n<div class=\"t s0_49\" id=\"to_49\" style=\"left:143px;bottom:568px;letter-spacing:-0.03px;word-spacing:1.99px;display:inline;\">da Notifica\u00e7\u00e3o dos Curadores da Rio Forte e do Curador Ad Hoc, deram integralmente raz\u00e3o \u00e0s </div>\n<div class=\"t s0_49\" id=\"tp_49\" style=\"left:143px;bottom:545px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">posi\u00e7\u00f5es sustentadas pela PHAROL desde o primeiro momento. </div>\n<div class=\"t s0_49\" id=\"tq_49\" style=\"left:143px;bottom:507px;letter-spacing:-0.02px;word-spacing:-1.13px;display:inline;\">Adicionalmente, visando o ressarcimento dos preju\u00edzos resultantes da insufici\u00eancia de bens na massa </div>\n<div class=\"t s0_49\" id=\"tr_49\" style=\"left:143px;bottom:483px;letter-spacing:-0.02px;word-spacing:3.04px;display:inline;\">falida da Rio Forte para satisfa\u00e7\u00e3o integral do cr\u00e9dito da PHAROL, de acordo com decis\u00e3o da </div>\n<div class=\"t s0_49\" id=\"ts_49\" style=\"left:143px;bottom:460px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">Assembleia Geral de Acionistas, em 2015, foram tomadas v\u00e1rias a\u00e7\u00f5es que detalhamos a seguir. </div>\n<div class=\"t s2_49\" id=\"tt_49\" style=\"left:195px;bottom:422px;letter-spacing:-0.06px;word-spacing:0.18px;display:inline;\">A\u00e7\u00f5es contra Ex-Administradores </div>\n<div class=\"t s0_49\" id=\"tu_49\" style=\"left:143px;bottom:384px;letter-spacing:-0.04px;word-spacing:0.44px;display:inline;\">Foi proposta a\u00e7\u00e3o de responsabilidade contra ex-administradores, tendo sido pedida a condena\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"tv_49\" style=\"left:143px;bottom:360px;letter-spacing:-0.02px;word-spacing:2.15px;display:inline;\">solid\u00e1ria dos R\u00e9us no pagamento de uma indemniza\u00e7\u00e3o correspondente \u00e0 diferen\u00e7a entre \u20ac897 </div>\n<div class=\"t s0_49\" id=\"tw_49\" style=\"left:143px;bottom:337px;letter-spacing:-0.01px;word-spacing:0.25px;display:inline;\">milh\u00f5es de euros, montante do investimento em instrumentos de papel comercial da Rio Forte por </div>\n<div class=\"t s0_49\" id=\"tx_49\" style=\"left:143px;bottom:313px;letter-spacing:-0.04px;word-spacing:0.18px;display:inline;\">eles decidido, e aquele que se vier a receber no \u00e2mbito do processo de insolv\u00eancia e demais danos </div>\n<div class=\"t s0_49\" id=\"ty_49\" style=\"left:143px;bottom:290px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">que se vierem a apurar. Os R\u00e9us apresentaram as suas contesta\u00e7\u00f5es e requereram a interven\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"tz_49\" style=\"left:143px;bottom:266px;letter-spacing:-0.02px;word-spacing:-0.56px;display:inline;\">principal provocada de diversos terceiros, incluindo Companhia de Seguros. Foi invocada pelos R\u00e9us </div>\n<div class=\"t s0_49\" id=\"t10_49\" style=\"left:143px;bottom:243px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">a exist\u00eancia de causa prejudicial e requerida a suspens\u00e3o da inst\u00e2ncia. O Tribunal, em 18.01.2018, </div>\n<div class=\"t s0_49\" id=\"t11_49\" style=\"left:143px;bottom:219px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">determinou a suspens\u00e3o da inst\u00e2ncia enquanto n\u00e3o for decidida a a\u00e7\u00e3o de anula\u00e7\u00e3o de delibera\u00e7\u00f5es </div>\n<div class=\"t s0_49\" id=\"t12_49\" style=\"left:143px;bottom:195px;letter-spacing:-0.02px;word-spacing:-0.26px;display:inline;\">sociais que corre no Ju\u00edzo de Com\u00e9rcio de Lisboa. Esta a\u00e7\u00e3o, entretanto, foi definitivamente julgada </div>\n<div class=\"t s0_49\" id=\"t13_49\" style=\"left:143px;bottom:172px;letter-spacing:-0.03px;word-spacing:-0.63px;display:inline;\">improcedente, pelo que a PHAROL, em 27.06.2019, requereu ao tribunal fosse declarada a cessa\u00e7\u00e3o </div>\n<div class=\"t s0_49\" id=\"t14_49\" style=\"left:143px;bottom:148px;letter-spacing:-0.02px;word-spacing:2.31px;display:inline;\">da suspens\u00e3o da inst\u00e2ncia. Sobre este despacho ainda n\u00e3o recaiu decis\u00e3o, pelo que a a\u00e7\u00e3o se </div>\n<div class=\"t s0_49\" id=\"t15_49\" style=\"left:143px;bottom:125px;letter-spacing:-0.02px;word-spacing:-0.03px;display:inline;\">mant\u00e9m suspensa. </div><div></div>\n<div class=\"t s0_50\" id=\"t3_50\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.95px;display:inline;\">Em meados de 2020 o Tribunal ordenou a jun\u00e7\u00e3o aos autos de certid\u00e3o da senten\u00e7a proferida na </div>\n<div class=\"t s0_50\" id=\"t4_50\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;word-spacing:1.1px;display:inline;\">a\u00e7\u00e3o prejudicial, o que sucedeu, mas n\u00e3o proferiu qualquer novo despacho. N\u00e3o existiu qualquer </div>\n<div class=\"t s0_50\" id=\"t5_50\" style=\"left:143px;bottom:1041px;letter-spacing:-0.01px;word-spacing:-1.27px;display:inline;\">evolu\u00e7\u00e3o em 2021 nem em 2022. Em consequ\u00eancia, foi solicitada a acelera\u00e7\u00e3o processual nos termos </div>\n<div class=\"t s0_50\" id=\"t6_50\" style=\"left:143px;bottom:1017px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">da Lei, logo aquando da abertura dos Tribunais em 01 de setembro de 2023. </div>\n<div class=\"t s0_50\" id=\"t7_50\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:0.62px;display:inline;\">Em fevereiro de 2024, a Autora insistiu pela cessa\u00e7\u00e3o da suspens\u00e3o, o que aconteceu. O tribunal, </div>\n<div class=\"t s0_50\" id=\"t8_50\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:-0.3px;display:inline;\">em maio, ordenou a jun\u00e7\u00e3o de tradu\u00e7\u00f5es pelos R\u00e9us (entretanto juntas) e conheceu dos pedidos de </div>\n<div class=\"t s0_50\" id=\"t9_50\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">interven\u00e7\u00e3o de terceiros, nos seguintes termos: </div>\n<div class=\"t s0_50\" id=\"ta_50\" style=\"left:169px;bottom:894px;letter-spacing:-0.04px;display:inline;\">1. </div><div class=\"t s0_50\" id=\"tb_50\" style=\"left:195px;bottom:894px;letter-spacing:-0.03px;word-spacing:0.02px;display:inline;\">N\u00e3o admitiu a interven\u00e7\u00e3o da Deloitte; </div>\n<div class=\"t s0_50\" id=\"tc_50\" style=\"left:169px;bottom:871px;letter-spacing:-0.04px;display:inline;\">2. </div><div class=\"t s0_50\" id=\"td_50\" style=\"left:195px;bottom:871px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">N\u00e3o admitiu a interven\u00e7\u00e3o dos membros da Comiss\u00e3o de Auditoria; </div>\n<div class=\"t s0_50\" id=\"te_50\" style=\"left:169px;bottom:847px;letter-spacing:-0.04px;display:inline;\">3. </div><div class=\"t s0_50\" id=\"tf_50\" style=\"left:195px;bottom:847px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">Admitiu a interven\u00e7\u00e3o das seguradoras; </div>\n<div class=\"t s0_50\" id=\"tg_50\" style=\"left:169px;bottom:824px;letter-spacing:-0.04px;display:inline;\">4. </div><div class=\"t s0_50\" id=\"th_50\" style=\"left:195px;bottom:824px;letter-spacing:-0.02px;word-spacing:1.59px;display:inline;\">Convidou um dos r\u00e9us a esclarecer os factos que sustentam o pedido de interven\u00e7\u00e3o de </div>\n<div class=\"t s0_50\" id=\"ti_50\" style=\"left:195px;bottom:800px;letter-spacing:-0.02px;word-spacing:7.76px;display:inline;\">alguns dos administradores da autora, dos administradores da Portugal Telecom </div>\n<div class=\"t s0_50\" id=\"tj_50\" style=\"left:195px;bottom:776px;letter-spacing:-0.04px;word-spacing:1.15px;display:inline;\">International Finance B.V. e da PT Portugal, SGPS, S.A.. Este esclarecimento foi prestado </div>\n<div class=\"t s0_50\" id=\"tk_50\" style=\"left:195px;bottom:753px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">em fim de maio, mas o tribunal ainda n\u00e3o decidiu. </div>\n<div class=\"t s0_50\" id=\"tl_50\" style=\"left:143px;bottom:715px;letter-spacing:-0.03px;word-spacing:0.58px;display:inline;\">Os R\u00e9us recorreram da decis\u00e3o de n\u00e3o interven\u00e7\u00e3o dos membros da Comiss\u00e3o de Auditoria. Estes </div>\n<div class=\"t s0_50\" id=\"tm_50\" style=\"left:143px;bottom:691px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">recursos n\u00e3o foram admitidos, pelo que est\u00e1 encerrada a fase dos articulados. </div>\n<div class=\"t s0_50\" id=\"tn_50\" style=\"left:143px;bottom:653px;letter-spacing:-0.04px;word-spacing:6.44px;display:inline;\">Por despacho de 18.12.2025, o tribunal indeferiu a interven\u00e7\u00e3o provocada dos restantes </div>\n<div class=\"t s0_50\" id=\"to_50\" style=\"left:143px;bottom:630px;letter-spacing:-0.03px;word-spacing:1.8px;display:inline;\">administradores da PHAROL (PT SGPS), da Portugal Telecom International Finance B.V. e da PT </div>\n<div class=\"t s0_50\" id=\"tp_50\" style=\"left:143px;bottom:606px;letter-spacing:-0.03px;word-spacing:1.78px;display:inline;\">Portugal, SGPS, S.A.. No mesmo despacho, na sequ\u00eancia de informa\u00e7\u00f5es prestadas por um dos </div>\n<div class=\"t s0_50\" id=\"tq_50\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">r\u00e9us, admitiu a interven\u00e7\u00e3o, a t\u00edtulo principal, das seguradoras por este indicadas. Aguarda- se a </div>\n<div class=\"t s0_50\" id=\"tr_50\" style=\"left:143px;bottom:559px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">cita\u00e7\u00e3o das seguradoras. </div>\n<div class=\"t s0_50\" id=\"ts_50\" style=\"left:143px;bottom:521px;letter-spacing:-0.01px;word-spacing:2.66px;display:inline;\">Sendo a PHAROL autora nos autos e n\u00e3o tendo sido deduzido qualquer pedido reconvencional </div>\n<div class=\"t s0_50\" id=\"tt_50\" style=\"left:143px;bottom:498px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">inexiste qualquer conting\u00eancia para a sociedade com os autos. </div>\n<div class=\"t s0_50\" id=\"tu_50\" style=\"left:143px;bottom:460px;letter-spacing:-0.03px;word-spacing:-0.93px;display:inline;\">Em 2016, foi proposta nova A\u00e7\u00e3o de responsabilidade contra os ex-administradores, tendo por causa </div>\n<div class=\"t s0_50\" id=\"tv_50\" style=\"left:143px;bottom:436px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">de pedir a implementa\u00e7\u00e3o de sistemas de relato financeiro e de controlo interno que viabilizaram a </div>\n<div class=\"t s0_50\" id=\"tw_50\" style=\"left:143px;bottom:413px;letter-spacing:-0.04px;word-spacing:2.89px;display:inline;\">realiza\u00e7\u00e3o em montantes crescentes de investimentos em instrumentos de d\u00edvida emitidos por </div>\n<div class=\"t s0_50\" id=\"tx_50\" style=\"left:143px;bottom:389px;letter-spacing:-0.04px;word-spacing:-0.2px;display:inline;\">sociedades do Grupo Esp\u00edrito Santo por esses administradores decididas, em viola\u00e7\u00e3o das regras de </div>\n<div class=\"t s0_50\" id=\"ty_50\" style=\"left:143px;bottom:365px;letter-spacing:-0.02px;word-spacing:-0.31px;display:inline;\">governo da sociedade e com desconhecimento dos investidores e acionistas, geradores de elevados </div>\n<div class=\"t s0_50\" id=\"tz_50\" style=\"left:143px;bottom:342px;letter-spacing:-0.02px;word-spacing:0.82px;display:inline;\">preju\u00edzos. Nesta A\u00e7\u00e3o \u00e9 pedida a condena\u00e7\u00e3o solid\u00e1ria dos r\u00e9us no pagamento \u00e0 PHAROL de uma </div>\n<div class=\"t s0_50\" id=\"t10_50\" style=\"left:143px;bottom:318px;letter-spacing:-0.04px;word-spacing:2.88px;display:inline;\">indemniza\u00e7\u00e3o correspondente a \u20ac54.900.000,00, acrescido de demais danos que se venham a </div>\n<div class=\"t s0_50\" id=\"t11_50\" style=\"left:143px;bottom:295px;letter-spacing:-0.04px;word-spacing:0.66px;display:inline;\">apurar, nomeadamente nos \u00faltimos investimentos que se vieram a realizar com os procedimentos </div>\n<div class=\"t s0_50\" id=\"t12_50\" style=\"left:143px;bottom:271px;letter-spacing:-0.02px;word-spacing:-0.44px;display:inline;\">implementados pelos r\u00e9us e ainda pelos danos reputacionais e multas e coimas decorrentes de falta </div>\n<div class=\"t s0_50\" id=\"t13_50\" style=\"left:143px;bottom:248px;letter-spacing:-0.03px;word-spacing:-0.08px;display:inline;\">de completude dos documentos de reporte financeiro. </div>\n<div class=\"t s0_50\" id=\"t14_50\" style=\"left:143px;bottom:210px;letter-spacing:-0.03px;word-spacing:1.66px;display:inline;\">Os R\u00e9us apresentaram as suas contesta\u00e7\u00f5es e requereram a interven\u00e7\u00e3o principal provocada de </div>\n<div class=\"t s0_50\" id=\"t15_50\" style=\"left:143px;bottom:186px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">diversos terceiros, incluindo Companhia de Seguros. O Tribunal proferiu despacho de suspens\u00e3o da </div>\n<div class=\"t s0_50\" id=\"t16_50\" style=\"left:143px;bottom:163px;letter-spacing:-0.02px;word-spacing:3.52px;display:inline;\">inst\u00e2ncia por causa prejudicial \u2013 Proc. n.\u00ba 23430/15.9T8LSB, que correu termos no Ju\u00edzo de </div>\n<div class=\"t s0_50\" id=\"t17_50\" style=\"left:143px;bottom:139px;letter-spacing:-0.02px;word-spacing:-0.91px;display:inline;\">Com\u00e9rcio de Lisboa \u2013 Juiz 3, em que os R\u00e9us pretendem a anula\u00e7\u00e3o da delibera\u00e7\u00e3o social da PHAROL </div><div></div>\n<div class=\"t s0_51\" id=\"t3_51\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.39px;display:inline;\">que determinou a propositura da presente a\u00e7\u00e3o. Esta a\u00e7\u00e3o, entretanto, foi definitivamente julgada </div>\n<div class=\"t s0_51\" id=\"t4_51\" style=\"left:143px;bottom:1064px;letter-spacing:-0.04px;word-spacing:0.01px;display:inline;\">improcedente, pelo que o tribunal declarou a cessa\u00e7\u00e3o da suspens\u00e3o da inst\u00e2ncia. </div>\n<div class=\"t s0_51\" id=\"t5_51\" style=\"left:143px;bottom:1026px;letter-spacing:-0.04px;word-spacing:-0.55px;display:inline;\">O Tribunal pronunciou-se sobre a interven\u00e7\u00e3o na a\u00e7\u00e3o como r\u00e9us dos demais membros da Comiss\u00e3o </div>\n<div class=\"t s0_51\" id=\"t6_51\" style=\"left:143px;bottom:1003px;letter-spacing:-0.02px;word-spacing:1.41px;display:inline;\">de Auditoria da PHAROL, que os R\u00e9us haviam requerido, tendo indeferido essa pretens\u00e3o. Deste </div>\n<div class=\"t s0_51\" id=\"t7_51\" style=\"left:143px;bottom:979px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">indeferimento recorreram dois dos R\u00e9us, tendo a PHAROL contra-alegado. </div>\n<div class=\"t s0_51\" id=\"t8_51\" style=\"left:143px;bottom:941px;letter-spacing:-0.03px;word-spacing:3.68px;display:inline;\">Entretanto, o tribunal ordenou \u00e0 PHAROL que respondesse por escrito \u00e0 mat\u00e9ria de exce\u00e7\u00e3o </div>\n<div class=\"t s0_51\" id=\"t9_51\" style=\"left:143px;bottom:918px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">suscitada pelos R\u00e9us nas contesta\u00e7\u00f5es, o que foi feito em 11.09.2019. </div>\n<div class=\"t s0_51\" id=\"ta_51\" style=\"left:143px;bottom:880px;letter-spacing:-0.03px;word-spacing:2.37px;display:inline;\">O recurso foi julgado procedente, pelo que foram citados os demais membros da Comiss\u00e3o de </div>\n<div class=\"t s0_51\" id=\"tb_51\" style=\"left:143px;bottom:856px;letter-spacing:-0.03px;word-spacing:0.48px;display:inline;\">Auditoria, que apresentaram contesta\u00e7\u00e3o conjunta em 2 de novembro de 2020. Nas contesta\u00e7\u00f5es, </div>\n<div class=\"t s0_51\" id=\"tc_51\" style=\"left:143px;bottom:833px;letter-spacing:-0.02px;word-spacing:1.27px;display:inline;\">os chamados requereram a interven\u00e7\u00e3o provocada das seguradoras para as quais transferiram a </div>\n<div class=\"t s0_51\" id=\"td_51\" style=\"left:143px;bottom:809px;letter-spacing:-0.03px;word-spacing:2.15px;display:inline;\">responsabilidade civil decorrente dos atos praticados no exerc\u00edcio das suas fun\u00e7\u00f5es, tal como o </div>\n<div class=\"t s0_51\" id=\"te_51\" style=\"left:143px;bottom:786px;letter-spacing:-0.01px;word-spacing:-0.11px;display:inline;\">haviam feito os R\u00e9us iniciais. </div>\n<div class=\"t s0_51\" id=\"tf_51\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:2.64px;display:inline;\">A 31 de Dezembro de 2023, conforme oportunamente relatado, aguardava-se decis\u00e3o sobre a </div>\n<div class=\"t s0_51\" id=\"tg_51\" style=\"left:143px;bottom:724px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">interven\u00e7\u00e3o das seguradoras. </div>\n<div class=\"t s0_51\" id=\"th_51\" style=\"left:143px;bottom:686px;letter-spacing:-0.01px;word-spacing:0.07px;display:inline;\">O Tribunal conheceu em 2024 os pedidos de interven\u00e7\u00e3o de terceiros, admitindo a interven\u00e7\u00e3o das </div>\n<div class=\"t s0_51\" id=\"ti_51\" style=\"left:143px;bottom:663px;letter-spacing:-0.01px;word-spacing:1.43px;display:inline;\">seguradoras a t\u00edtulo principal. Foi ordenada a jun\u00e7\u00e3o de tradu\u00e7\u00f5es para cita\u00e7\u00e3o das seguradoras </div>\n<div class=\"t s0_51\" id=\"tj_51\" style=\"left:143px;bottom:639px;letter-spacing:-0.03px;word-spacing:0.02px;display:inline;\">estrangeiras, e tal jun\u00e7\u00e3o j\u00e1 aconteceu. </div>\n<div class=\"t s0_51\" id=\"tk_51\" style=\"left:143px;bottom:601px;letter-spacing:-0.02px;word-spacing:0.99px;display:inline;\">Aguarda-se a cita\u00e7\u00e3o das seguradoras, tendo a PHAROL insistido em dezembro de 2024 por essa </div>\n<div class=\"t s0_51\" id=\"tl_51\" style=\"left:143px;bottom:578px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">cita\u00e7\u00e3o, e a contesta\u00e7\u00e3o das mesmas. </div>\n<div class=\"t s0_51\" id=\"tm_51\" style=\"left:143px;bottom:540px;letter-spacing:-0.01px;word-spacing:-0.28px;display:inline;\">Por apenso a esta a\u00e7\u00e3o foi requerido arresto de bens dos R\u00e9us, o qual foi ordenado, incidindo sobre </div>\n<div class=\"t s0_51\" id=\"tn_51\" style=\"left:143px;bottom:516px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">diversos ativos relevantes dos ex-administradores.. Nos termos desse arresto tamb\u00e9m foi feita uma </div>\n<div class=\"t s0_51\" id=\"to_51\" style=\"left:143px;bottom:492px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">aprecia\u00e7\u00e3o preliminar da causa de pedir da a\u00e7\u00e3o contra os ex-administradores, que d\u00e1 de forma </div>\n<div class=\"t s0_51\" id=\"tp_51\" style=\"left:143px;bottom:469px;letter-spacing:-0.02px;word-spacing:5.07px;display:inline;\">perfunct\u00f3ria provada a responsabilidade destes. Citados os Requeridos, foram apresentadas </div>\n<div class=\"t s0_51\" id=\"tq_51\" style=\"left:143px;bottom:445px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">oposi\u00e7\u00f5es ao arresto e realizado o seu julgamento. </div>\n<div class=\"t s0_51\" id=\"tr_51\" style=\"left:143px;bottom:407px;letter-spacing:-0.03px;word-spacing:-0.28px;display:inline;\">Todas as oposi\u00e7\u00f5es foram julgadas procedentes. A Pharol recorreu desta decis\u00e3o quanto \u00e0s pessoas </div>\n<div class=\"t s0_51\" id=\"ts_51\" style=\"left:143px;bottom:384px;letter-spacing:-0.03px;word-spacing:2.59px;display:inline;\">singulares, conformando-se com o levantamento dos arrestas relativos \u00e0s pessoas coletivas. O </div>\n<div class=\"t s0_51\" id=\"tt_51\" style=\"left:143px;bottom:360px;letter-spacing:-0.03px;word-spacing:1.46px;display:inline;\">recurso foi julgado procedente, pelo que o arresto dos bens dos ex-administradores se mant\u00e9m. </div>\n<div class=\"t s0_51\" id=\"tu_51\" style=\"left:143px;bottom:337px;letter-spacing:-0.01px;word-spacing:2.67px;display:inline;\">Sendo a PHAROL autora nos autos e n\u00e3o tendo sido deduzido qualquer pedido reconvencional </div>\n<div class=\"t s0_51\" id=\"tv_51\" style=\"left:143px;bottom:313px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">inexiste qualquer conting\u00eancia para a sociedade com os autos. </div>\n<div class=\"t s1_51\" id=\"tw_51\" style=\"left:195px;bottom:275px;letter-spacing:-0.06px;word-spacing:0.19px;display:inline;\">A\u00e7\u00f5es contra Ex-Auditor </div>\n<div class=\"t s0_51\" id=\"tx_51\" style=\"left:143px;bottom:237px;letter-spacing:-0.03px;word-spacing:-0.24px;display:inline;\">Foi tamb\u00e9m proposta, no mesmo ano de 2016, pela PHAROL a\u00e7\u00e3o de responsabilidade civil contra a </div>\n<div class=\"t s0_51\" id=\"ty_51\" style=\"left:143px;bottom:214px;letter-spacing:-0.01px;display:inline;\">Deloitte </div><div class=\"t s0_51\" id=\"tz_51\" style=\"left:203px;bottom:214px;letter-spacing:-0.01px;word-spacing:0.08px;display:inline;\">Associados e </div><div class=\"t s0_51\" id=\"t10_51\" style=\"left:296px;bottom:214px;letter-spacing:0.02px;word-spacing:-0.01px;display:inline;\">um seu Partner </div><div class=\"t s0_51\" id=\"t11_51\" style=\"left:406px;bottom:214px;letter-spacing:-0.01px;word-spacing:0.05px;display:inline;\">pela viola\u00e7\u00e3o de deveres legais e contratuais na revis\u00e3o de </div>\n<div class=\"t s0_51\" id=\"t12_51\" style=\"left:143px;bottom:190px;letter-spacing:-0.03px;word-spacing:0.62px;display:inline;\">documentos de presta\u00e7\u00e3o de contas pela Autora, incluindo do Relat\u00f3rio do Governo da Sociedade, </div>\n<div class=\"t s0_51\" id=\"t13_51\" style=\"left:143px;bottom:167px;letter-spacing:-0.04px;word-spacing:-0.75px;display:inline;\">na revis\u00e3o do sistema de controlo interno, nomeadamente da respetiva operacionalidade nos termos </div>\n<div class=\"t s0_51\" id=\"t14_51\" style=\"left:143px;bottom:143px;letter-spacing:-0.03px;word-spacing:-0.11px;display:inline;\">requeridos pela Sec\u00e7\u00e3o 404 da SARBANEX-OXLEY ACTA (SOC) e na prepara\u00e7\u00e3o e apresenta\u00e7\u00e3o dos </div>\n<div class=\"t s0_51\" id=\"t15_51\" style=\"left:143px;bottom:120px;letter-spacing:-0.02px;word-spacing:-0.14px;display:inline;\">respetivos memorandos de auditoria e memorandos de controlo interno. </div><div></div><div class=\"t s0_52_173\" id=\"t3_52_173\" style=\"left:143px;bottom:1088px;word-spacing:0.72px;display:inline;\">De acordo com a causa de pedir, a viola\u00e7\u00e3o desses deveres foi causa adequada da n\u00e3o revela\u00e7\u00e3o </div><div class=\"t s0_52_173\" id=\"t4_52_173\" style=\"left:143px;bottom:1064px;letter-spacing:-0.03px;word-spacing:1.31px;display:inline;\">nos documentos de presta\u00e7\u00e3o de contas entre 2010 e 2014 de elevados investimentos em papel </div><div class=\"t s0_52_173\" id=\"t5_52_173\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-0.68px;display:inline;\">comercial sem </div><div class=\"t s1_52_173\" id=\"t6_52_173\" style=\"left:240px;bottom:1041px;letter-spacing:-0.05px;display:inline;\">rating </div><div class=\"t s0_52_173\" id=\"t7_52_173\" style=\"left:282px;bottom:1041px;letter-spacing:-0.04px;word-spacing:-0.73px;display:inline;\">do Grupo Esp\u00edrito Santo ao longo desses 4 anos e que violavam diversas regras </div><div class=\"t s0_52_173\" id=\"t8_52_173\" style=\"left:143px;bottom:1017px;letter-spacing:-0.04px;word-spacing:0.03px;display:inline;\">internas, nomeadamente de governo da sociedade. </div><div class=\"t s0_52_173\" id=\"t9_52_173\" style=\"left:143px;bottom:979px;letter-spacing:-0.04px;word-spacing:-0.93px;display:inline;\">Nesta a\u00e7\u00e3o \u00e9 pedida a condena\u00e7\u00e3o solid\u00e1ria dos R\u00e9us no pagamento \u00e0 PHAROL de uma indemniza\u00e7\u00e3o </div><div class=\"t s0_52_173\" id=\"ta_52_173\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:0.27px;display:inline;\">correspondente \u00e0 diferen\u00e7a entre \u20ac897 milh\u00f5es e aquele que vier a receber no \u00e2mbito do processo </div><div class=\"t s0_52_173\" id=\"tb_52_173\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:1.97px;display:inline;\">de insolv\u00eancia da Rio Forte e demais danos que se vierem a apurar em execu\u00e7\u00e3o de senten\u00e7a, </div><div class=\"t s0_52_173\" id=\"tc_52_173\" style=\"left:143px;bottom:909px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">resultantes quer de danos reputacionais, quer de indemniza\u00e7\u00f5es, multas e coimas em que a autora </div><div class=\"t s0_52_173\" id=\"td_52_173\" style=\"left:143px;bottom:885px;letter-spacing:-0.02px;display:inline;\">venha a ser condenada em processos de falta de qualidade legalmente exig\u00edvel aos documentos de </div><div class=\"t s0_52_173\" id=\"te_52_173\" style=\"left:143px;bottom:861px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">reporte financeiro da PHAROL nos per\u00edodos de 2010 a 30 de Junho de 2014. </div><div class=\"t s0_52_173\" id=\"tf_52_173\" style=\"left:143px;bottom:824px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">Os R\u00e9us apresentaram contesta\u00e7\u00e3o, tendo sido requerida a interven\u00e7\u00e3o provocada da Companhia </div><div class=\"t s0_52_173\" id=\"tg_52_173\" style=\"left:143px;bottom:800px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">de Seguros, a qual foi admitida. </div><div class=\"t s0_52_173\" id=\"th_52_173\" style=\"left:143px;bottom:762px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">A PHAROL apresentou articulado superveniente em 13.09.2022, tendo por base a condena\u00e7\u00e3o da </div><div class=\"t s0_52_173\" id=\"ti_52_173\" style=\"left:143px;bottom:739px;letter-spacing:-0.02px;word-spacing:4.22px;display:inline;\">Deloitte em processo de contra-ordena\u00e7\u00e3o instaurado pela Comiss\u00e3o do Mercado de Valores </div><div class=\"t s0_52_173\" id=\"tj_52_173\" style=\"left:143px;bottom:715px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Mobili\u00e1rios, cuja admiss\u00e3o ainda n\u00e3o ocorreu. </div><div class=\"t s0_52_173\" id=\"tk_52_173\" style=\"left:143px;bottom:677px;letter-spacing:-0.02px;word-spacing:2.55px;display:inline;\">A Deloitte recusou a apresenta\u00e7\u00e3o dos documentos de trabalho, alegando sigilo profissional. O </div><div class=\"t s0_52_173\" id=\"tl_52_173\" style=\"left:143px;bottom:653px;letter-spacing:-0.01px;word-spacing:-0.84px;display:inline;\">tribunal deu-lhe raz\u00e3o. A PHAROL interp\u00f4s recurso dessa decis\u00e3o. O Tribunal da Rela\u00e7\u00e3o n\u00e3o admitiu </div><div class=\"t s0_52_173\" id=\"tm_52_173\" style=\"left:143px;bottom:630px;letter-spacing:-0.02px;word-spacing:1.62px;display:inline;\">o recurso da decis\u00e3o quanto ao sigilo dos documentos de trabalho, entendendo que, em vez de </div><div class=\"t s0_52_173\" id=\"tn_52_173\" style=\"left:143px;bottom:606px;letter-spacing:-0.03px;word-spacing:5.77px;display:inline;\">recurso, cabia incidente de levantamento de sigilo. A PHAROL deu in\u00edcio ao incidente de </div><div class=\"t s0_52_173\" id=\"to_52_173\" style=\"left:143px;bottom:583px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">levantamento de sigilo, o qual se encontra pendente no Tribunal da Rela\u00e7\u00e3o. J\u00e1 em 2026, foi emitido </div><div class=\"t s0_52_173\" id=\"tp_52_173\" style=\"left:143px;bottom:559px;letter-spacing:-0.04px;word-spacing:1.99px;display:inline;\">Ac\u00f3rd\u00e3o da Rela\u00e7\u00e3o de Lisboa que considerou ileg\u00edtima a recusa de jun\u00e7\u00e3o de documentos pela </div><div class=\"t s0_52_173\" id=\"tq_52_173\" style=\"left:143px;bottom:536px;letter-spacing:-0.01px;word-spacing:-0.32px;display:inline;\">Deloitte invocando o sigilo profissional e fixou um prazo de dez dias para jun\u00e7\u00e3o dos documentos, o </div><div class=\"t s0_52_173\" id=\"tr_52_173\" style=\"left:143px;bottom:512px;letter-spacing:-0.01px;word-spacing:-0.13px;display:inline;\">que ter\u00e1 sido cumprido. </div><div class=\"t s0_52_173\" id=\"ts_52_173\" style=\"left:143px;bottom:474px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">Uma vez que n\u00e3o existe qualquer pedido reconvencional, inexistem quaisquer conting\u00eancias para a </div><div class=\"t s0_52_173\" id=\"tt_52_173\" style=\"left:143px;bottom:451px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">PHAROL emergentes dos presentes autos. </div><div class=\"t s2_52_173\" id=\"tu_52_173\" style=\"left:195px;bottom:413px;letter-spacing:-0.05px;word-spacing:0.05px;display:inline;\">Processos BES e Banco de Portugal </div><div class=\"t s0_52_173\" id=\"tv_52_173\" style=\"left:143px;bottom:375px;letter-spacing:-0.02px;word-spacing:1.11px;display:inline;\">Em 2017, a PHAROL constitui-se ainda assistente no Processo Universo BES, estatuto que lhe foi </div><div class=\"t s0_52_173\" id=\"tw_52_173\" style=\"left:143px;bottom:351px;letter-spacing:-0.02px;word-spacing:-1.13px;display:inline;\">reconhecido pelo Tribunal. Sequencialmente, quando foram deduzidas acusa\u00e7\u00f5es, a PHAROL deduziu </div><div class=\"t s0_52_173\" id=\"tx_52_173\" style=\"left:143px;bottom:327px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">pedido c\u00edvel para ressarcimento de todos os preju\u00edzos causados pela burla praticada por alguns dos </div><div class=\"t s0_52_173\" id=\"ty_52_173\" style=\"left:143px;bottom:304px;letter-spacing:-0.04px;word-spacing:-0.36px;display:inline;\">a\u00ed arguidos, para subscri\u00e7\u00e3o pela PHAROL em fevereiro de 2014 de Papel Comercial emitido pela Rio </div><div class=\"t s0_52_173\" id=\"tz_52_173\" style=\"left:143px;bottom:281px;letter-spacing:-0.02px;word-spacing:1.45px;display:inline;\">Forte no montante de 897 milh\u00f5es de euros. Como \u00e9 p\u00fablico, v\u00e1rios dos arguidos requereram a </div><div class=\"t s0_52_173\" id=\"t10_52_173\" style=\"left:143px;bottom:257px;letter-spacing:-0.01px;word-spacing:-0.09px;display:inline;\">abertura de instru\u00e7\u00e3o. O julgamento j\u00e1 se iniciou, tendo o Tribunal entendido que os pedidos c\u00edveis </div><div class=\"t s0_52_173\" id=\"t11_52_173\" style=\"left:143px;bottom:233px;letter-spacing:-0.01px;word-spacing:1.57px;display:inline;\">deviam ser deduzidos em processo c\u00edvel para n\u00e3o retardar a marcha do processo penal, dada a </div><div class=\"t s0_52_173\" id=\"t12_52_173\" style=\"left:143px;bottom:210px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">exist\u00eancia de centenas de pedidos c\u00edveis. </div><div class=\"t s0_52_173\" id=\"t13_52_173\" style=\"left:143px;bottom:172px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">Em 2016, a PHAROL intentou uma A\u00e7\u00e3o administrativa contra o Banco de Portugal, tendo por base </div><div class=\"t s0_52_173\" id=\"t14_52_173\" style=\"left:143px;bottom:148px;letter-spacing:-0.03px;word-spacing:0.63px;display:inline;\">a impugna\u00e7\u00e3o das Delibera\u00e7\u00f5es \u201cConting\u00eancias\u201d e \u201cPer\u00edmetro\u201d tomadas pelo Banco de Portugal no </div><div class=\"t s0_52_173\" id=\"t15_52_173\" style=\"left:143px;bottom:125px;letter-spacing:-0.03px;word-spacing:-0.91px;display:inline;\">dia 29.12.2015, que determinam que as responsabilidades contingentes ou desconhecidas pelo BES, </div><div class=\"t s0_52_173\" id=\"t16_52_173\" style=\"left:143px;bottom:101px;letter-spacing:-0.04px;word-spacing:-0.9px;display:inline;\">perante terceiros, com refer\u00eancia a 03.08.2014, n\u00e3o foram transferidas para o Novo Banco ou, tendo </div><div></div>\n<div class=\"t s0_53\" id=\"t3_53\" style=\"left:143px;bottom:1088px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">sido, foram retransferidas de volta para o BES com efeitos retroativos \u00e0quela data. Sem qualquer </div>\n<div class=\"t s0_53\" id=\"t4_53\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:1.3px;display:inline;\">avan\u00e7o significativo nestes \u00faltimos anos, recentemente, este caso foi inclu\u00eddo num procedimento </div>\n<div class=\"t s0_53\" id=\"t5_53\" style=\"left:143px;bottom:1041px;letter-spacing:-0.03px;word-spacing:-0.41px;display:inline;\">especial de acelera\u00e7\u00e3o de processos. De acordo com este mecanismo foram designados 5 processos </div>\n<div class=\"t s0_53\" id=\"t6_53\" style=\"left:143px;bottom:1017px;word-spacing:1.73px;display:inline;\">piloto (semelhantes entre si) que ter\u00e3o andamento priorit\u00e1rio e determinou-se a suspens\u00e3o dos </div>\n<div class=\"t s0_53\" id=\"t7_53\" style=\"left:143px;bottom:994px;letter-spacing:-0.03px;word-spacing:3.21px;display:inline;\">demais processos semelhantes at\u00e9 \u00e0 prola\u00e7\u00e3o de decis\u00e3o final nos processos piloto. Uma vez </div>\n<div class=\"t s0_53\" id=\"t8_53\" style=\"left:143px;bottom:970px;letter-spacing:-0.01px;word-spacing:2.29px;display:inline;\">proferida, a decis\u00e3o nos processos piloto servir\u00e1 como base para os restantes. Foi requerida a </div>\n<div class=\"t s0_53\" id=\"t9_53\" style=\"left:143px;bottom:947px;letter-spacing:-0.02px;word-spacing:-0.92px;display:inline;\">exclus\u00e3o do processo da PHAROL e aguarda-se prola\u00e7\u00e3o de despacho sobre esse requerimento. Caso </div>\n<div class=\"t s0_53\" id=\"ta_53\" style=\"left:143px;bottom:923px;letter-spacing:-0.02px;word-spacing:0.78px;display:inline;\">o requerimento venha a ser deferido, o processo da PHAROL continuar\u00e1 o seu andamento normal </div>\n<div class=\"t s0_53\" id=\"tb_53\" style=\"left:143px;bottom:899px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">sem qualquer suspens\u00e3o at\u00e9 \u00e0 prola\u00e7\u00e3o de decis\u00e3o final. </div>\n<div class=\"t s0_53\" id=\"tc_53\" style=\"left:143px;bottom:861px;letter-spacing:-0.01px;word-spacing:0.62px;display:inline;\">Tamb\u00e9m em 2016, foi apresentada Reclama\u00e7\u00e3o de cr\u00e9ditos no processo de insolv\u00eancia do BES no </div>\n<div class=\"t s0_53\" id=\"td_53\" style=\"left:143px;bottom:838px;letter-spacing:-0.03px;word-spacing:-0.25px;display:inline;\">valor de \u20ac 897 Milh\u00f5es, correspondente ao montante investido pela PT SGPS em papel comercial da </div>\n<div class=\"t s0_53\" id=\"te_53\" style=\"left:143px;bottom:814px;letter-spacing:-0.03px;word-spacing:0.94px;display:inline;\">Rio Forte, tendo por base a responsabilidade do BES enquanto intermedi\u00e1rio financeiro. O cr\u00e9dito </div>\n<div class=\"t s0_53\" id=\"tf_53\" style=\"left:143px;bottom:791px;letter-spacing:-0.03px;word-spacing:6.97px;display:inline;\">da Pharol foi reconhecido como subordinado pela Comiss\u00e3o Liquidat\u00e1ria, foi apresentada </div>\n<div class=\"t s0_53\" id=\"tg_53\" style=\"left:143px;bottom:767px;letter-spacing:-0.03px;word-spacing:-0.23px;display:inline;\">impugna\u00e7\u00e3o, que mereceu nova resposta desfavor\u00e1vel daquela Comiss\u00e3o e consequente r\u00e9plica por </div>\n<div class=\"t s0_53\" id=\"th_53\" style=\"left:143px;bottom:744px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">parte da PHAROL. Aguarda-se prola\u00e7\u00e3o de decis\u00e3o sobre a impugna\u00e7\u00e3o apresentada. </div>\n<div class=\"t s1_53\" id=\"ti_53\" style=\"left:195px;bottom:706px;letter-spacing:-0.04px;word-spacing:0.1px;display:inline;\">Processo ESI </div>\n<div class=\"t s0_53\" id=\"tj_53\" style=\"left:143px;bottom:668px;letter-spacing:-0.03px;word-spacing:1.07px;display:inline;\">Finalmente, ainda relacionado com o processo Rio Forte, em dezembro de 2017, a PHAROL, teve </div>\n<div class=\"t s0_53\" id=\"tk_53\" style=\"left:143px;bottom:644px;letter-spacing:-0.02px;word-spacing:0.28px;display:inline;\">conhecimento de um comunicado dos Curadores da Esp\u00edrito Santo International, S.A, (\u201cESI\u201d), pelo </div>\n<div class=\"t s0_53\" id=\"tl_53\" style=\"left:143px;bottom:621px;letter-spacing:-0.02px;word-spacing:5.79px;display:inline;\">qual estes declaravam que essa sociedade falida iria avaliar a possibilidade de processar </div>\n<div class=\"t s0_53\" id=\"tm_53\" style=\"left:143px;bottom:597px;letter-spacing:-0.02px;word-spacing:0.95px;display:inline;\">judicialmente a PHAROL, pedindo a sua condena\u00e7\u00e3o no reembolso de 750 milh\u00f5es de Euros, sem </div>\n<div class=\"t s0_53\" id=\"tn_53\" style=\"left:143px;bottom:574px;letter-spacing:-0.02px;word-spacing:0.09px;display:inline;\">especificar os fundamentos desse pedido. No dia 28 de Janeiro de 2019, como medida de prote\u00e7\u00e3o </div>\n<div class=\"t s0_53\" id=\"to_53\" style=\"left:143px;bottom:550px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">para interromper qualquer per\u00edodo de prescri\u00e7\u00e3o, a PHAROL foi ainda citada para processo no </div>\n<div class=\"t s0_53\" id=\"tp_53\" style=\"left:143px;bottom:526px;letter-spacing:-0.02px;word-spacing:4.21px;display:inline;\">Tribunal do Luxemburgo pelo Curador </div><div class=\"t s2_53\" id=\"tq_53\" style=\"left:417px;bottom:526px;letter-spacing:-0.03px;display:inline;\">Ad-hoc </div><div class=\"t s0_53\" id=\"tr_53\" style=\"left:471px;bottom:526px;letter-spacing:-0.03px;word-spacing:4.29px;display:inline;\">da ESI \u2013 Esp\u00edrito Santo Internacional, com a </div>\n<div class=\"t s0_53\" id=\"ts_53\" style=\"left:143px;bottom:503px;letter-spacing:-0.04px;word-spacing:3px;display:inline;\">reclama\u00e7\u00e3o de que teria recebido pagamentos indevidos da ESI no montante de setecentos e </div>\n<div class=\"t s0_53\" id=\"tt_53\" style=\"left:143px;bottom:479px;letter-spacing:-0.02px;word-spacing:1.44px;display:inline;\">cinquenta milh\u00f5es de euros, alegando, em s\u00edntese, que (a) o pagamento devia ter sido feito em </div>\n<div class=\"t s0_53\" id=\"tu_53\" style=\"left:143px;bottom:456px;letter-spacing:-0.01px;word-spacing:0.42px;display:inline;\">dinheiro ou atrav\u00e9s de \u201ceffets de commerce\u201d e n\u00e3o por transfer\u00eancias banc\u00e1rias, (b) o pagamento </div>\n<div class=\"t s0_53\" id=\"tv_53\" style=\"left:143px;bottom:432px;letter-spacing:-0.01px;word-spacing:-1px;display:inline;\">foi anormal porque a ESI n\u00e3o tinha os necess\u00e1rios fundos, (c) a PHAROL estava consciente do estado </div>\n<div class=\"t s0_53\" id=\"tw_53\" style=\"left:143px;bottom:409px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">de insolv\u00eancia da ESI e (d) o pagamento fez parte de um esquema fraudulento. </div>\n<div class=\"t s0_53\" id=\"tx_53\" style=\"left:143px;bottom:371px;word-spacing:1.74px;display:inline;\">Realizou-se audi\u00eancia de julgamento em novembro de 2025 a audi\u00eancia de julgamento, que foi </div>\n<div class=\"t s0_53\" id=\"ty_53\" style=\"left:143px;bottom:347px;letter-spacing:-0.03px;word-spacing:-0.09px;display:inline;\">acompanhada com assessoria dos Advogados Luxemburgueses da PHAROL. </div>\n<div class=\"t s0_53\" id=\"tz_53\" style=\"left:143px;bottom:315px;letter-spacing:-0.04px;word-spacing:2.38px;display:inline;\">At\u00e9 \u00e0 data da audi\u00eancia de julgamento n\u00e3o foram apresentadas quaisquer factos e provas que </div>\n<div class=\"t s0_53\" id=\"t10_53\" style=\"left:143px;bottom:291px;letter-spacing:-0.02px;word-spacing:3.88px;display:inline;\">sustentassem a irregularidade do pagamento feito pela ESI \u00e0 Pharol. Esta a\u00e7\u00e3o, para evitar </div>\n<div class=\"t s0_53\" id=\"t11_53\" style=\"left:143px;bottom:268px;letter-spacing:-0.02px;word-spacing:-0.48px;display:inline;\">contradi\u00e7\u00e3o de julgados, passou a ser julgada em conjunto com o reconhecimento do remanescente </div>\n<div class=\"t s0_53\" id=\"t12_53\" style=\"left:143px;bottom:244px;letter-spacing:-0.02px;word-spacing:0.45px;display:inline;\">do cr\u00e9dito de 750 milh\u00f5es da Pharol sobre a Rio Forte no \u00e2mbito do processo da insolv\u00eancia desta </div>\n<div class=\"t s0_53\" id=\"t13_53\" style=\"left:143px;bottom:220px;letter-spacing:-0.03px;word-spacing:-0.29px;display:inline;\">\u00faltima. Esta a\u00e7\u00e3o foi objeto de audi\u00eancia de julgamento conjunta com a a\u00e7\u00e3o proposta pelo Curador </div>\n<div class=\"t s0_53\" id=\"t14_53\" style=\"left:143px;bottom:197px;letter-spacing:-0.05px;word-spacing:0.01px;display:inline;\">Ad Hoc. </div>\n<div class=\"t s0_53\" id=\"t15_53\" style=\"left:143px;bottom:159px;letter-spacing:-0.02px;word-spacing:-0.62px;display:inline;\">Conforme indicado anteriormente, a 13 de fevereiro de 2026, foi decidido pelo Tribunal de Com\u00e9rcio </div>\n<div class=\"t s0_53\" id=\"t16_53\" style=\"left:143px;bottom:135px;letter-spacing:-0.03px;word-spacing:-0.06px;display:inline;\">do Luxemburgo que neste processo a PHAROL n\u00e3o tem que devolver quaisquer quantias \u00e0 ESI. </div><div></div><div class=\"t s0_54\" id=\"t3_54\" style=\"left:143px;bottom:1088px;letter-spacing:-0.02px;word-spacing:0.06px;display:inline;\">A decis\u00e3o, ainda que suscet\u00edvel de recurso no prazo de 40 dias contados da Notifica\u00e7\u00e3o do Curador </div><span>Ad Hoc, deu integralmente raz\u00e3o \u00e0s posi\u00e7\u00f5es sustentadas pela PHAROL desde o primeiro momento.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00221": {
   "value": "<span>14. </span><div class=\"t s2_54\" id=\"t6_54\" style=\"left:169px;bottom:986px;letter-spacing:0.2px;word-spacing:-0.03px;display:inline;\">Contas a pagar </div><div class=\"t s0_54\" id=\"t7_54\" style=\"left:143px;bottom:952px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_54\" id=\"t8_54\" style=\"left:747px;bottom:915px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t9_54\" style=\"left:647px;bottom:900px;letter-spacing:-0.33px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"ta_54\" style=\"left:750px;bottom:900px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tb_54\" style=\"left:155px;bottom:869px;letter-spacing:-0.27px;word-spacing:-0.05px;display:inline;\">Contas a pagar </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tc_54\" style=\"left:156px;bottom:855px;letter-spacing:-0.26px;word-spacing:-0.05px;display:inline;\">Fornecedores conta corrente </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"td_54\" style=\"left:639px;bottom:855px;letter-spacing:-0.23px;display:inline;\">24.359 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"te_54\" style=\"left:742px;bottom:855px;letter-spacing:-0.28px;display:inline;\">24.349 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tf_54\" style=\"left:156px;bottom:840px;letter-spacing:-0.27px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tg_54\" style=\"left:632px;bottom:840px;letter-spacing:-0.24px;display:inline;\">238.769 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"th_54\" style=\"left:742px;bottom:840px;letter-spacing:-0.28px;display:inline;\">64.963 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"ti_54\" style=\"left:627px;bottom:825px;letter-spacing:-0.29px;display:inline;\">263.128 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tj_54\" style=\"left:738px;bottom:825px;letter-spacing:-0.27px;display:inline;\">89.313 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00222": {
   "value": "<span>15. </span><div class=\"t s2_54\" id=\"tl_54\" style=\"left:169px;bottom:768px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Acr\u00e9scimo de custos </div><div class=\"t s0_54\" id=\"tm_54\" style=\"left:143px;bottom:734px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_54\" id=\"tn_54\" style=\"left:747px;bottom:697px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"to_54\" style=\"left:668px;bottom:681px;letter-spacing:-0.26px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tp_54\" style=\"left:750px;bottom:681px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"tq_54\" style=\"left:155px;bottom:651px;letter-spacing:-0.29px;word-spacing:0.01px;display:inline;\">Acr\u00e9scimos de custos </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tr_54\" style=\"left:155px;bottom:637px;letter-spacing:-0.26px;word-spacing:0.1px;display:inline;\">Fornecimentos e servi\u00e7os externos </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ts_54\" style=\"left:653px;bottom:637px;letter-spacing:-0.27px;display:inline;\">281.915 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tt_54\" style=\"left:735px;bottom:637px;letter-spacing:-0.23px;display:inline;\">170.249 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tu_54\" style=\"left:155px;bottom:622px;letter-spacing:-0.26px;word-spacing:0.06px;display:inline;\">Encargos com f\u00e9rias, subs\u00eddio de f\u00e9rias e outros encargos com pessoal </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tv_54\" style=\"left:652px;bottom:622px;letter-spacing:-0.27px;display:inline;\">419.541 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tw_54\" style=\"left:735px;bottom:622px;letter-spacing:-0.23px;display:inline;\">430.505 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tx_54\" style=\"left:155px;bottom:607px;letter-spacing:-0.24px;display:inline;\">Outros </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"ty_54\" style=\"left:660px;bottom:607px;letter-spacing:-0.23px;display:inline;\">14.534 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_54\" id=\"tz_54\" style=\"left:742px;bottom:607px;letter-spacing:-0.28px;display:inline;\">12.579 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"tcs-selection-enabled tcs-selected\" colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t10_54\" style=\"left:648px;bottom:592px;letter-spacing:-0.28px;display:inline;\">715.990 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_54\" id=\"t11_54\" style=\"left:730px;bottom:592px;letter-spacing:-0.29px;display:inline;\">613.332 </div></td></tr></table>\n",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00227": {
   "value": "<span>16. </span><div class=\"t s2_54\" id=\"t13_54\" style=\"left:169px;bottom:535px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Garantias e Compromissos Financeiros e Contas a Receber </div><div class=\"t s0_54\" id=\"t14_54\" style=\"left:143px;bottom:501px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">A PHAROL, na sequ\u00eancia de ter sido a sociedade dominante do consolidado fiscal do Grupo PT, tem </div><div class=\"t s0_54\" id=\"t15_54\" style=\"left:143px;bottom:478px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">atualmente ainda em lit\u00edgio uma s\u00e9rie de liquida\u00e7\u00f5es fiscais dos anos anteriores a 2014. Em maio </div><div class=\"t s0_54\" id=\"t16_54\" style=\"left:143px;bottom:454px;letter-spacing:-0.01px;word-spacing:-0.4px;display:inline;\">de 2014, e, face ao acordo de combina\u00e7\u00e3o de neg\u00f3cios celebrado entre a PHAROL e a Oi S.A., todas </div><div class=\"t s0_54\" id=\"t17_54\" style=\"left:143px;bottom:430px;letter-spacing:-0.01px;word-spacing:-1.11px;display:inline;\">as responsabilidades inerentes a estas liquida\u00e7\u00f5es fiscais passaram para a Oi, tendo a PHAROL ficado </div><div class=\"t s0_54\" id=\"t18_54\" style=\"left:143px;bottom:407px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">solidariamente respons\u00e1vel. </div><div class=\"t s0_54\" id=\"t19_54\" style=\"left:143px;bottom:369px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">Desta forma, a PHAROL tem atualmente ativas contragarantias para fazer face a riscos de decis\u00f5es </div><div class=\"t s0_54\" id=\"t1a_54\" style=\"left:143px;bottom:345px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">judiciais desfavor\u00e1veis, nomeadamente, Garantias Banc\u00e1rias e Garantias prestadas pelaOi. </div><div class=\"t s0_54\" id=\"t1b_54\" style=\"left:143px;bottom:308px;letter-spacing:-0.02px;word-spacing:3.69px;display:inline;\">Em dezembro de 2024, PHAROL e a Oi assinaram um acordo para redefinir e esclarecer as </div><div class=\"t s0_54\" id=\"t1c_54\" style=\"left:143px;bottom:284px;letter-spacing:-0.02px;word-spacing:0.72px;display:inline;\">responsabilidades fiscais pendentes desde a fus\u00e3o da PT Portugal com a Oi em 2014, ajustando o </div><div class=\"t s0_54\" id=\"t1d_54\" style=\"left:143px;bottom:260px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">tratamento de reembolsos recebidos da Autoridade Tribut\u00e1ria. A PHAROL, respons\u00e1vel inicial pelos </div><div class=\"t s0_54\" id=\"t1e_54\" style=\"left:143px;bottom:237px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">processos fiscais, registava os reembolsos em passivo como saldos a esclarecer, somando \u20ac26,2M. </div><div class=\"t s0_54\" id=\"t1f_54\" style=\"left:143px;bottom:213px;letter-spacing:-0.03px;word-spacing:1.82px;display:inline;\">Com a revis\u00e3o do quadro contratual, foi acordado que a PHAROL receber\u00e1 todos os valores dos </div><div class=\"t s0_54\" id=\"t1g_54\" style=\"left:143px;bottom:190px;letter-spacing:-0.01px;word-spacing:0.77px;display:inline;\">pagamentos feitos antes de maio de 2014, descontando \u20ac22M de custos suportados por conta da </div><div class=\"t s0_54\" id=\"t1h_54\" style=\"left:143px;bottom:166px;letter-spacing:0.02px;display:inline;\">Oi. </div><div class=\"t s0_54\" id=\"t1i_54\" style=\"left:143px;bottom:128px;letter-spacing:-0.04px;word-spacing:1.36px;display:inline;\">Adicionalmente, em 31 de dezembro de 2025 e 2024, o montante de Garantias Banc\u00e1rias tem a </div><div class=\"t s0_54\" id=\"t1j_54\" style=\"left:143px;bottom:105px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">seguinte composi\u00e7\u00e3o: </div><div></div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_55\" id=\"t3_55\" style=\"left:747px;bottom:1089px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t4_55\" style=\"left:631px;bottom:1073px;letter-spacing:-0.29px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t5_55\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t6_55\" style=\"left:155px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Garantias banc\u00e1rias e outras garantias apresentadas a favor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t8_55\" style=\"left:597px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t9_55\" style=\"left:716px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">84.617.476 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t7_55\" style=\"left:151px;bottom:1027px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">das autoridades fiscais e outras entidades p\u00fablicas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"ta_55\" style=\"left:590px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"tb_55\" style=\"left:709px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">84.617.476 </div></td></tr>\n                                        </table>\n<div class=\"t s0_55\" id=\"tc_55\" style=\"left:143px;bottom:957px;letter-spacing:-0.02px;word-spacing:-0.75px;display:inline;\">As garantias banc\u00e1rias e outras garantias apresentadas a favor das autoridades fiscais inclu\u00edam 83,8 </div>\n<div class=\"t s0_55\" id=\"td_55\" style=\"left:143px;bottom:933px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">e 84,6milh\u00f5es de euros a 31 de dezembro de 2025 e de 2024, relacionadas com liquida\u00e7\u00f5es fiscais </div>\n<div class=\"t s0_55\" id=\"te_55\" style=\"left:143px;bottom:910px;letter-spacing:-0.04px;word-spacing:0.98px;display:inline;\">recebidas pela PHAROL. A Empresa impugnou judicialmente estas liquida\u00e7\u00f5es e, de acordo com a </div>\n<div class=\"t s0_55\" id=\"tf_55\" style=\"left:143px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.42px;display:inline;\">legisla\u00e7\u00e3o portuguesa, prestou garantia ap\u00f3s a instaura\u00e7\u00e3o de processo executivo, uma vez que, na </div>\n<div class=\"t s0_55\" id=\"tg_55\" style=\"left:143px;bottom:862px;letter-spacing:-0.02px;word-spacing:3.03px;display:inline;\">aus\u00eancia de garantia ou de pagamento do imposto impugnado, o processo prosseguiria at\u00e9 \u00e0 </div>\n<div class=\"t s0_55\" id=\"th_55\" style=\"left:143px;bottom:839px;letter-spacing:-0.03px;word-spacing:4.88px;display:inline;\">penhora de bens suficientes para satisfazer o imposto liquidado. A lei portuguesa, embora </div>\n<div class=\"t s0_55\" id=\"ti_55\" style=\"left:143px;bottom:815px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">permitindo sempre a impugna\u00e7\u00e3o dos impostos liquidados oficiosamente pela administra\u00e7\u00e3o fiscal, </div>\n<div class=\"t s0_55\" id=\"tj_55\" style=\"left:143px;bottom:792px;letter-spacing:-0.02px;word-spacing:1.23px;display:inline;\">s\u00f3 suspende o processo executivo se houver pagamento do imposto ou presta\u00e7\u00e3o de garantia. A </div>\n<div class=\"t s0_55\" id=\"tk_55\" style=\"left:143px;bottom:768px;letter-spacing:-0.01px;word-spacing:0.6px;display:inline;\">presta\u00e7\u00e3o de garantia evita assim o pagamento do imposto antes da decis\u00e3o da impugna\u00e7\u00e3o ou a </div>\n<div class=\"t s0_55\" id=\"tl_55\" style=\"left:143px;bottom:745px;letter-spacing:-0.04px;display:inline;\">penhora de bens em processo executivo. </div>\n<div class=\"t s0_55\" id=\"tm_55\" style=\"left:143px;bottom:707px;letter-spacing:-0.02px;word-spacing:2.16px;display:inline;\">Parte das garantias prestadas anteriormente foi cancelada face \u00e0 morosidade e caducidade dos </div>\n<div class=\"t s0_55\" id=\"tn_55\" style=\"left:143px;bottom:683px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">processos. Durante 2025, foi cancelada mais uma garantia no valor de 756 mil Euros. </div>\n<div class=\"t s0_55\" id=\"to_55\" style=\"left:143px;bottom:645px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">N\u00e3o obstante a caducidade e consequente cancelamento de parte das Garantias, a maior parte dos </div>\n<div class=\"t s0_55\" id=\"tp_55\" style=\"left:143px;bottom:622px;letter-spacing:-0.01px;word-spacing:1.93px;display:inline;\">processos fiscais mant\u00e9m-se em curso continuando a Oi respons\u00e1vel pelos mesmos, podendo o </div>\n<div class=\"t s0_55\" id=\"tq_55\" style=\"left:143px;bottom:598px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">montante total ascender at\u00e9 153,2 milh\u00f5es de euros. Contudo, eventuais decis\u00f5es desfavor\u00e1veis </div>\n<div class=\"t s0_55\" id=\"tr_55\" style=\"left:143px;bottom:575px;letter-spacing:-0.02px;word-spacing:0.1px;display:inline;\">ser\u00e3o absorvidas pelos valores de preju\u00edzos fiscais apurados nos anos de 2011, 2012 e 2013 e que </div>\n<div class=\"t s0_55\" id=\"ts_55\" style=\"left:143px;bottom:551px;letter-spacing:-0.02px;word-spacing:0.2px;display:inline;\">n\u00e3o foram utilizados at\u00e9 ao ano de 2018, num montante que se estima at\u00e9 11,8 milh\u00f5es de euros, </div>\n<div class=\"t s0_55\" id=\"tt_55\" style=\"left:143px;bottom:528px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">tendo assim o potencial de reduzir os processos para 141,4 milh\u00f5es de euros. Ainda no \u00e2mbito dos </div>\n<div class=\"t s0_55\" id=\"tu_55\" style=\"left:143px;bottom:504px;letter-spacing:-0.02px;word-spacing:-0.89px;display:inline;\">acordos celebrados, a Oi encontra-se tamb\u00e9m obrigada a substituir as garantias banc\u00e1rias prestadas </div>\n<div class=\"t s0_55\" id=\"tv_55\" style=\"left:143px;bottom:480px;word-spacing:0.21px;display:inline;\">pela PHAROL \u00e0 Autoridade Tribut\u00e1ria por garantias prestadas pela Oi. Nos casos em que n\u00e3o fosse </div>\n<div class=\"t s0_55\" id=\"tw_55\" style=\"left:143px;bottom:457px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">poss\u00edvel esta substitui\u00e7\u00e3o, a Oi comprometeu-se a prestar garantias equivalentes em favor da </div>\n<div class=\"t s0_55\" id=\"tx_55\" style=\"left:143px;bottom:433px;letter-spacing:-0.04px;word-spacing:2.04px;display:inline;\">PHAROL. Em 2025, a Oi S.A. enfrentou novas etapas de Recupera\u00e7\u00e3o Judicial e at\u00e9 amea\u00e7a de </div>\n<div class=\"t s0_55\" id=\"ty_55\" style=\"left:143px;bottom:410px;letter-spacing:-0.03px;word-spacing:-0.61px;display:inline;\">declara\u00e7\u00e3o de fal\u00eancia, encontrando-se a operar sob administra\u00e7\u00e3o judicial, com vista \u00e0 preserva\u00e7\u00e3o </div>\n<div class=\"t s0_55\" id=\"tz_55\" style=\"left:143px;bottom:386px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">dos ativos e \u00e0 continuidade dos servi\u00e7os essenciais durante o processo de liquida\u00e7\u00e3o. </div>\n<div class=\"t s0_55\" id=\"t10_55\" style=\"left:143px;bottom:348px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">Como tal, a 31 de dezembro de 2025, encontra-se vigente um contrato de penhor constitu\u00eddo sobre </div>\n<div class=\"t s0_55\" id=\"t11_55\" style=\"left:143px;bottom:325px;letter-spacing:-0.03px;word-spacing:0.24px;display:inline;\">64.401.909 a\u00e7\u00f5es ordin\u00e1rias de emiss\u00e3o da Oi (no valor de 170 mil de Euros a 31 de dezembro de </div>\n<div class=\"t s0_55\" id=\"t12_55\" style=\"left:143px;bottom:301px;letter-spacing:-0.01px;word-spacing:-0.52px;display:inline;\">2025), e um dep\u00f3sito em conta garantia no montante de 7.861.752,30 Euros, destinados a garantir </div>\n<div class=\"t s0_55\" id=\"t13_55\" style=\"left:143px;bottom:278px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">a PHAROL em caso de eventual condena\u00e7\u00e3o em conting\u00eancias tribut\u00e1rias da responsabilidade da Oi. </div>\n<div class=\"t s0_55\" id=\"t14_55\" style=\"left:143px;bottom:254px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">Na eventualidade de este montante ser totalmente utilizado em conting\u00eancias fiscais, a Oi S.A. </div>\n<div class=\"t s0_55\" id=\"t15_55\" style=\"left:143px;bottom:230px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">compromete-se a refor\u00e7ar as contragarantias vigentes. </div>\n<div class=\"t s0_55\" id=\"t16_55\" style=\"left:143px;bottom:192px;letter-spacing:-0.01px;word-spacing:0.76px;display:inline;\">Desta forma, o valor de potenciais conting\u00eancias fiscais para a PHAROL, \u00e9 atualmente de at\u00e9 153 </div>\n<div class=\"t s0_55\" id=\"t17_55\" style=\"left:143px;bottom:169px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">milh\u00f5es de euros (147 milh\u00f5es de euros em 2024). Destes, os processos com risco poss\u00edvel ou </div>\n<div class=\"t s0_55\" id=\"t18_55\" style=\"left:143px;bottom:145px;letter-spacing:-0.03px;word-spacing:-0.75px;display:inline;\">prov\u00e1vel de perda para a PHAROL ascendem ao montante l\u00edquido de cerca de 12,7 milh\u00f5es de euros, </div><div></div><div class=\"t s0_56_174\" id=\"t3_56_174\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">aos quais deve ser deduzido o valor de 9,7 milh\u00f5es de euros de corre\u00e7\u00f5es favor\u00e1veis \u00e0 empresa, de </div><div class=\"t s0_56_174\" id=\"t4_56_174\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">acordo com a estimativa dos consultores fiscais. </div><div class=\"t s0_56_174\" id=\"t5_56_174\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:6.09px;display:inline;\">A rubrica Contas a Receber refere-se, maioritariamente, ao montante de 613 mil euros, </div><div class=\"t s0_56_174\" id=\"t6_56_174\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">correspondente \u00e0s comiss\u00f5es associadas \u00e0s garantias banc\u00e1rias referentes aos 12 meses de 2025 </div><span>que, nos termos dos acordos em vigor com a Oi, s\u00e3o da responsabilidade desta. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00226": {
   "value": "<span>16. </span><div class=\"t s2_54\" id=\"t13_54\" style=\"left:169px;bottom:535px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Garantias e Compromissos Financeiros e Contas a Receber </div><div class=\"t s0_54\" id=\"t14_54\" style=\"left:143px;bottom:501px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">A PHAROL, na sequ\u00eancia de ter sido a sociedade dominante do consolidado fiscal do Grupo PT, tem </div><div class=\"t s0_54\" id=\"t15_54\" style=\"left:143px;bottom:478px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">atualmente ainda em lit\u00edgio uma s\u00e9rie de liquida\u00e7\u00f5es fiscais dos anos anteriores a 2014. Em maio </div><div class=\"t s0_54\" id=\"t16_54\" style=\"left:143px;bottom:454px;letter-spacing:-0.01px;word-spacing:-0.4px;display:inline;\">de 2014, e, face ao acordo de combina\u00e7\u00e3o de neg\u00f3cios celebrado entre a PHAROL e a Oi S.A., todas </div><div class=\"t s0_54\" id=\"t17_54\" style=\"left:143px;bottom:430px;letter-spacing:-0.01px;word-spacing:-1.11px;display:inline;\">as responsabilidades inerentes a estas liquida\u00e7\u00f5es fiscais passaram para a Oi, tendo a PHAROL ficado </div><div class=\"t s0_54\" id=\"t18_54\" style=\"left:143px;bottom:407px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">solidariamente respons\u00e1vel. </div><div class=\"t s0_54\" id=\"t19_54\" style=\"left:143px;bottom:369px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">Desta forma, a PHAROL tem atualmente ativas contragarantias para fazer face a riscos de decis\u00f5es </div><div class=\"t s0_54\" id=\"t1a_54\" style=\"left:143px;bottom:345px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">judiciais desfavor\u00e1veis, nomeadamente, Garantias Banc\u00e1rias e Garantias prestadas pelaOi. </div><div class=\"t s0_54\" id=\"t1b_54\" style=\"left:143px;bottom:308px;letter-spacing:-0.02px;word-spacing:3.69px;display:inline;\">Em dezembro de 2024, PHAROL e a Oi assinaram um acordo para redefinir e esclarecer as </div><div class=\"t s0_54\" id=\"t1c_54\" style=\"left:143px;bottom:284px;letter-spacing:-0.02px;word-spacing:0.72px;display:inline;\">responsabilidades fiscais pendentes desde a fus\u00e3o da PT Portugal com a Oi em 2014, ajustando o </div><div class=\"t s0_54\" id=\"t1d_54\" style=\"left:143px;bottom:260px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">tratamento de reembolsos recebidos da Autoridade Tribut\u00e1ria. A PHAROL, respons\u00e1vel inicial pelos </div><div class=\"t s0_54\" id=\"t1e_54\" style=\"left:143px;bottom:237px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">processos fiscais, registava os reembolsos em passivo como saldos a esclarecer, somando \u20ac26,2M. </div><div class=\"t s0_54\" id=\"t1f_54\" style=\"left:143px;bottom:213px;letter-spacing:-0.03px;word-spacing:1.82px;display:inline;\">Com a revis\u00e3o do quadro contratual, foi acordado que a PHAROL receber\u00e1 todos os valores dos </div><div class=\"t s0_54\" id=\"t1g_54\" style=\"left:143px;bottom:190px;letter-spacing:-0.01px;word-spacing:0.77px;display:inline;\">pagamentos feitos antes de maio de 2014, descontando \u20ac22M de custos suportados por conta da </div><div class=\"t s0_54\" id=\"t1h_54\" style=\"left:143px;bottom:166px;letter-spacing:0.02px;display:inline;\">Oi. </div><div class=\"t s0_54\" id=\"t1i_54\" style=\"left:143px;bottom:128px;letter-spacing:-0.04px;word-spacing:1.36px;display:inline;\">Adicionalmente, em 31 de dezembro de 2025 e 2024, o montante de Garantias Banc\u00e1rias tem a </div><div class=\"t s0_54\" id=\"t1j_54\" style=\"left:143px;bottom:105px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">seguinte composi\u00e7\u00e3o: </div><div></div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_55\" id=\"t3_55\" style=\"left:747px;bottom:1089px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t4_55\" style=\"left:631px;bottom:1073px;letter-spacing:-0.29px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t5_55\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t6_55\" style=\"left:155px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Garantias banc\u00e1rias e outras garantias apresentadas a favor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t8_55\" style=\"left:597px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t9_55\" style=\"left:716px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">84.617.476 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t7_55\" style=\"left:151px;bottom:1027px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">das autoridades fiscais e outras entidades p\u00fablicas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"ta_55\" style=\"left:590px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"tb_55\" style=\"left:709px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">84.617.476 </div></td></tr>\n                                        </table>\n<div class=\"t s0_55\" id=\"tc_55\" style=\"left:143px;bottom:957px;letter-spacing:-0.02px;word-spacing:-0.75px;display:inline;\">As garantias banc\u00e1rias e outras garantias apresentadas a favor das autoridades fiscais inclu\u00edam 83,8 </div>\n<div class=\"t s0_55\" id=\"td_55\" style=\"left:143px;bottom:933px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">e 84,6milh\u00f5es de euros a 31 de dezembro de 2025 e de 2024, relacionadas com liquida\u00e7\u00f5es fiscais </div>\n<div class=\"t s0_55\" id=\"te_55\" style=\"left:143px;bottom:910px;letter-spacing:-0.04px;word-spacing:0.98px;display:inline;\">recebidas pela PHAROL. A Empresa impugnou judicialmente estas liquida\u00e7\u00f5es e, de acordo com a </div>\n<div class=\"t s0_55\" id=\"tf_55\" style=\"left:143px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.42px;display:inline;\">legisla\u00e7\u00e3o portuguesa, prestou garantia ap\u00f3s a instaura\u00e7\u00e3o de processo executivo, uma vez que, na </div>\n<div class=\"t s0_55\" id=\"tg_55\" style=\"left:143px;bottom:862px;letter-spacing:-0.02px;word-spacing:3.03px;display:inline;\">aus\u00eancia de garantia ou de pagamento do imposto impugnado, o processo prosseguiria at\u00e9 \u00e0 </div>\n<div class=\"t s0_55\" id=\"th_55\" style=\"left:143px;bottom:839px;letter-spacing:-0.03px;word-spacing:4.88px;display:inline;\">penhora de bens suficientes para satisfazer o imposto liquidado. A lei portuguesa, embora </div>\n<div class=\"t s0_55\" id=\"ti_55\" style=\"left:143px;bottom:815px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">permitindo sempre a impugna\u00e7\u00e3o dos impostos liquidados oficiosamente pela administra\u00e7\u00e3o fiscal, </div>\n<div class=\"t s0_55\" id=\"tj_55\" style=\"left:143px;bottom:792px;letter-spacing:-0.02px;word-spacing:1.23px;display:inline;\">s\u00f3 suspende o processo executivo se houver pagamento do imposto ou presta\u00e7\u00e3o de garantia. A </div>\n<div class=\"t s0_55\" id=\"tk_55\" style=\"left:143px;bottom:768px;letter-spacing:-0.01px;word-spacing:0.6px;display:inline;\">presta\u00e7\u00e3o de garantia evita assim o pagamento do imposto antes da decis\u00e3o da impugna\u00e7\u00e3o ou a </div>\n<div class=\"t s0_55\" id=\"tl_55\" style=\"left:143px;bottom:745px;letter-spacing:-0.04px;display:inline;\">penhora de bens em processo executivo. </div>\n<div class=\"t s0_55\" id=\"tm_55\" style=\"left:143px;bottom:707px;letter-spacing:-0.02px;word-spacing:2.16px;display:inline;\">Parte das garantias prestadas anteriormente foi cancelada face \u00e0 morosidade e caducidade dos </div>\n<div class=\"t s0_55\" id=\"tn_55\" style=\"left:143px;bottom:683px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">processos. Durante 2025, foi cancelada mais uma garantia no valor de 756 mil Euros. </div>\n<div class=\"t s0_55\" id=\"to_55\" style=\"left:143px;bottom:645px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">N\u00e3o obstante a caducidade e consequente cancelamento de parte das Garantias, a maior parte dos </div>\n<div class=\"t s0_55\" id=\"tp_55\" style=\"left:143px;bottom:622px;letter-spacing:-0.01px;word-spacing:1.93px;display:inline;\">processos fiscais mant\u00e9m-se em curso continuando a Oi respons\u00e1vel pelos mesmos, podendo o </div>\n<div class=\"t s0_55\" id=\"tq_55\" style=\"left:143px;bottom:598px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">montante total ascender at\u00e9 153,2 milh\u00f5es de euros. Contudo, eventuais decis\u00f5es desfavor\u00e1veis </div>\n<div class=\"t s0_55\" id=\"tr_55\" style=\"left:143px;bottom:575px;letter-spacing:-0.02px;word-spacing:0.1px;display:inline;\">ser\u00e3o absorvidas pelos valores de preju\u00edzos fiscais apurados nos anos de 2011, 2012 e 2013 e que </div>\n<div class=\"t s0_55\" id=\"ts_55\" style=\"left:143px;bottom:551px;letter-spacing:-0.02px;word-spacing:0.2px;display:inline;\">n\u00e3o foram utilizados at\u00e9 ao ano de 2018, num montante que se estima at\u00e9 11,8 milh\u00f5es de euros, </div>\n<div class=\"t s0_55\" id=\"tt_55\" style=\"left:143px;bottom:528px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">tendo assim o potencial de reduzir os processos para 141,4 milh\u00f5es de euros. Ainda no \u00e2mbito dos </div>\n<div class=\"t s0_55\" id=\"tu_55\" style=\"left:143px;bottom:504px;letter-spacing:-0.02px;word-spacing:-0.89px;display:inline;\">acordos celebrados, a Oi encontra-se tamb\u00e9m obrigada a substituir as garantias banc\u00e1rias prestadas </div>\n<div class=\"t s0_55\" id=\"tv_55\" style=\"left:143px;bottom:480px;word-spacing:0.21px;display:inline;\">pela PHAROL \u00e0 Autoridade Tribut\u00e1ria por garantias prestadas pela Oi. Nos casos em que n\u00e3o fosse </div>\n<div class=\"t s0_55\" id=\"tw_55\" style=\"left:143px;bottom:457px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">poss\u00edvel esta substitui\u00e7\u00e3o, a Oi comprometeu-se a prestar garantias equivalentes em favor da </div>\n<div class=\"t s0_55\" id=\"tx_55\" style=\"left:143px;bottom:433px;letter-spacing:-0.04px;word-spacing:2.04px;display:inline;\">PHAROL. Em 2025, a Oi S.A. enfrentou novas etapas de Recupera\u00e7\u00e3o Judicial e at\u00e9 amea\u00e7a de </div>\n<div class=\"t s0_55\" id=\"ty_55\" style=\"left:143px;bottom:410px;letter-spacing:-0.03px;word-spacing:-0.61px;display:inline;\">declara\u00e7\u00e3o de fal\u00eancia, encontrando-se a operar sob administra\u00e7\u00e3o judicial, com vista \u00e0 preserva\u00e7\u00e3o </div>\n<div class=\"t s0_55\" id=\"tz_55\" style=\"left:143px;bottom:386px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">dos ativos e \u00e0 continuidade dos servi\u00e7os essenciais durante o processo de liquida\u00e7\u00e3o. </div>\n<div class=\"t s0_55\" id=\"t10_55\" style=\"left:143px;bottom:348px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">Como tal, a 31 de dezembro de 2025, encontra-se vigente um contrato de penhor constitu\u00eddo sobre </div>\n<div class=\"t s0_55\" id=\"t11_55\" style=\"left:143px;bottom:325px;letter-spacing:-0.03px;word-spacing:0.24px;display:inline;\">64.401.909 a\u00e7\u00f5es ordin\u00e1rias de emiss\u00e3o da Oi (no valor de 170 mil de Euros a 31 de dezembro de </div>\n<div class=\"t s0_55\" id=\"t12_55\" style=\"left:143px;bottom:301px;letter-spacing:-0.01px;word-spacing:-0.52px;display:inline;\">2025), e um dep\u00f3sito em conta garantia no montante de 7.861.752,30 Euros, destinados a garantir </div>\n<div class=\"t s0_55\" id=\"t13_55\" style=\"left:143px;bottom:278px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">a PHAROL em caso de eventual condena\u00e7\u00e3o em conting\u00eancias tribut\u00e1rias da responsabilidade da Oi. </div>\n<div class=\"t s0_55\" id=\"t14_55\" style=\"left:143px;bottom:254px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">Na eventualidade de este montante ser totalmente utilizado em conting\u00eancias fiscais, a Oi S.A. </div>\n<div class=\"t s0_55\" id=\"t15_55\" style=\"left:143px;bottom:230px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">compromete-se a refor\u00e7ar as contragarantias vigentes. </div>\n<div class=\"t s0_55\" id=\"t16_55\" style=\"left:143px;bottom:192px;letter-spacing:-0.01px;word-spacing:0.76px;display:inline;\">Desta forma, o valor de potenciais conting\u00eancias fiscais para a PHAROL, \u00e9 atualmente de at\u00e9 153 </div>\n<div class=\"t s0_55\" id=\"t17_55\" style=\"left:143px;bottom:169px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">milh\u00f5es de euros (147 milh\u00f5es de euros em 2024). Destes, os processos com risco poss\u00edvel ou </div>\n<div class=\"t s0_55\" id=\"t18_55\" style=\"left:143px;bottom:145px;letter-spacing:-0.03px;word-spacing:-0.75px;display:inline;\">prov\u00e1vel de perda para a PHAROL ascendem ao montante l\u00edquido de cerca de 12,7 milh\u00f5es de euros, </div><div></div><div class=\"t s0_56_174\" id=\"t3_56_174\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">aos quais deve ser deduzido o valor de 9,7 milh\u00f5es de euros de corre\u00e7\u00f5es favor\u00e1veis \u00e0 empresa, de </div><div class=\"t s0_56_174\" id=\"t4_56_174\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">acordo com a estimativa dos consultores fiscais. </div><div class=\"t s0_56_174\" id=\"t5_56_174\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:6.09px;display:inline;\">A rubrica Contas a Receber refere-se, maioritariamente, ao montante de 613 mil euros, </div><div class=\"t s0_56_174\" id=\"t6_56_174\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">correspondente \u00e0s comiss\u00f5es associadas \u00e0s garantias banc\u00e1rias referentes aos 12 meses de 2025 </div><span>que, nos termos dos acordos em vigor com a Oi, s\u00e3o da responsabilidade desta. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00225": {
   "value": "<span>16. </span><div class=\"t s2_54\" id=\"t13_54\" style=\"left:169px;bottom:535px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Garantias e Compromissos Financeiros e Contas a Receber </div><div class=\"t s0_54\" id=\"t14_54\" style=\"left:143px;bottom:501px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">A PHAROL, na sequ\u00eancia de ter sido a sociedade dominante do consolidado fiscal do Grupo PT, tem </div><div class=\"t s0_54\" id=\"t15_54\" style=\"left:143px;bottom:478px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">atualmente ainda em lit\u00edgio uma s\u00e9rie de liquida\u00e7\u00f5es fiscais dos anos anteriores a 2014. Em maio </div><div class=\"t s0_54\" id=\"t16_54\" style=\"left:143px;bottom:454px;letter-spacing:-0.01px;word-spacing:-0.4px;display:inline;\">de 2014, e, face ao acordo de combina\u00e7\u00e3o de neg\u00f3cios celebrado entre a PHAROL e a Oi S.A., todas </div><div class=\"t s0_54\" id=\"t17_54\" style=\"left:143px;bottom:430px;letter-spacing:-0.01px;word-spacing:-1.11px;display:inline;\">as responsabilidades inerentes a estas liquida\u00e7\u00f5es fiscais passaram para a Oi, tendo a PHAROL ficado </div><div class=\"t s0_54\" id=\"t18_54\" style=\"left:143px;bottom:407px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">solidariamente respons\u00e1vel. </div><div class=\"t s0_54\" id=\"t19_54\" style=\"left:143px;bottom:369px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">Desta forma, a PHAROL tem atualmente ativas contragarantias para fazer face a riscos de decis\u00f5es </div><div class=\"t s0_54\" id=\"t1a_54\" style=\"left:143px;bottom:345px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">judiciais desfavor\u00e1veis, nomeadamente, Garantias Banc\u00e1rias e Garantias prestadas pelaOi. </div><div class=\"t s0_54\" id=\"t1b_54\" style=\"left:143px;bottom:308px;letter-spacing:-0.02px;word-spacing:3.69px;display:inline;\">Em dezembro de 2024, PHAROL e a Oi assinaram um acordo para redefinir e esclarecer as </div><div class=\"t s0_54\" id=\"t1c_54\" style=\"left:143px;bottom:284px;letter-spacing:-0.02px;word-spacing:0.72px;display:inline;\">responsabilidades fiscais pendentes desde a fus\u00e3o da PT Portugal com a Oi em 2014, ajustando o </div><div class=\"t s0_54\" id=\"t1d_54\" style=\"left:143px;bottom:260px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">tratamento de reembolsos recebidos da Autoridade Tribut\u00e1ria. A PHAROL, respons\u00e1vel inicial pelos </div><div class=\"t s0_54\" id=\"t1e_54\" style=\"left:143px;bottom:237px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">processos fiscais, registava os reembolsos em passivo como saldos a esclarecer, somando \u20ac26,2M. </div><div class=\"t s0_54\" id=\"t1f_54\" style=\"left:143px;bottom:213px;letter-spacing:-0.03px;word-spacing:1.82px;display:inline;\">Com a revis\u00e3o do quadro contratual, foi acordado que a PHAROL receber\u00e1 todos os valores dos </div><div class=\"t s0_54\" id=\"t1g_54\" style=\"left:143px;bottom:190px;letter-spacing:-0.01px;word-spacing:0.77px;display:inline;\">pagamentos feitos antes de maio de 2014, descontando \u20ac22M de custos suportados por conta da </div><div class=\"t s0_54\" id=\"t1h_54\" style=\"left:143px;bottom:166px;letter-spacing:0.02px;display:inline;\">Oi. </div><div class=\"t s0_54\" id=\"t1i_54\" style=\"left:143px;bottom:128px;letter-spacing:-0.04px;word-spacing:1.36px;display:inline;\">Adicionalmente, em 31 de dezembro de 2025 e 2024, o montante de Garantias Banc\u00e1rias tem a </div><div class=\"t s0_54\" id=\"t1j_54\" style=\"left:143px;bottom:105px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">seguinte composi\u00e7\u00e3o: </div><div></div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_55\" id=\"t3_55\" style=\"left:747px;bottom:1089px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t4_55\" style=\"left:631px;bottom:1073px;letter-spacing:-0.29px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t5_55\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t6_55\" style=\"left:155px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Garantias banc\u00e1rias e outras garantias apresentadas a favor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t8_55\" style=\"left:597px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t9_55\" style=\"left:716px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">84.617.476 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t7_55\" style=\"left:151px;bottom:1027px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">das autoridades fiscais e outras entidades p\u00fablicas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"ta_55\" style=\"left:590px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"tb_55\" style=\"left:709px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">84.617.476 </div></td></tr>\n                                        </table>\n<div class=\"t s0_55\" id=\"tc_55\" style=\"left:143px;bottom:957px;letter-spacing:-0.02px;word-spacing:-0.75px;display:inline;\">As garantias banc\u00e1rias e outras garantias apresentadas a favor das autoridades fiscais inclu\u00edam 83,8 </div>\n<div class=\"t s0_55\" id=\"td_55\" style=\"left:143px;bottom:933px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">e 84,6milh\u00f5es de euros a 31 de dezembro de 2025 e de 2024, relacionadas com liquida\u00e7\u00f5es fiscais </div>\n<div class=\"t s0_55\" id=\"te_55\" style=\"left:143px;bottom:910px;letter-spacing:-0.04px;word-spacing:0.98px;display:inline;\">recebidas pela PHAROL. A Empresa impugnou judicialmente estas liquida\u00e7\u00f5es e, de acordo com a </div>\n<div class=\"t s0_55\" id=\"tf_55\" style=\"left:143px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.42px;display:inline;\">legisla\u00e7\u00e3o portuguesa, prestou garantia ap\u00f3s a instaura\u00e7\u00e3o de processo executivo, uma vez que, na </div>\n<div class=\"t s0_55\" id=\"tg_55\" style=\"left:143px;bottom:862px;letter-spacing:-0.02px;word-spacing:3.03px;display:inline;\">aus\u00eancia de garantia ou de pagamento do imposto impugnado, o processo prosseguiria at\u00e9 \u00e0 </div>\n<div class=\"t s0_55\" id=\"th_55\" style=\"left:143px;bottom:839px;letter-spacing:-0.03px;word-spacing:4.88px;display:inline;\">penhora de bens suficientes para satisfazer o imposto liquidado. A lei portuguesa, embora </div>\n<div class=\"t s0_55\" id=\"ti_55\" style=\"left:143px;bottom:815px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">permitindo sempre a impugna\u00e7\u00e3o dos impostos liquidados oficiosamente pela administra\u00e7\u00e3o fiscal, </div>\n<div class=\"t s0_55\" id=\"tj_55\" style=\"left:143px;bottom:792px;letter-spacing:-0.02px;word-spacing:1.23px;display:inline;\">s\u00f3 suspende o processo executivo se houver pagamento do imposto ou presta\u00e7\u00e3o de garantia. A </div>\n<div class=\"t s0_55\" id=\"tk_55\" style=\"left:143px;bottom:768px;letter-spacing:-0.01px;word-spacing:0.6px;display:inline;\">presta\u00e7\u00e3o de garantia evita assim o pagamento do imposto antes da decis\u00e3o da impugna\u00e7\u00e3o ou a </div>\n<div class=\"t s0_55\" id=\"tl_55\" style=\"left:143px;bottom:745px;letter-spacing:-0.04px;display:inline;\">penhora de bens em processo executivo. </div>\n<div class=\"t s0_55\" id=\"tm_55\" style=\"left:143px;bottom:707px;letter-spacing:-0.02px;word-spacing:2.16px;display:inline;\">Parte das garantias prestadas anteriormente foi cancelada face \u00e0 morosidade e caducidade dos </div>\n<div class=\"t s0_55\" id=\"tn_55\" style=\"left:143px;bottom:683px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">processos. Durante 2025, foi cancelada mais uma garantia no valor de 756 mil Euros. </div>\n<div class=\"t s0_55\" id=\"to_55\" style=\"left:143px;bottom:645px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">N\u00e3o obstante a caducidade e consequente cancelamento de parte das Garantias, a maior parte dos </div>\n<div class=\"t s0_55\" id=\"tp_55\" style=\"left:143px;bottom:622px;letter-spacing:-0.01px;word-spacing:1.93px;display:inline;\">processos fiscais mant\u00e9m-se em curso continuando a Oi respons\u00e1vel pelos mesmos, podendo o </div>\n<div class=\"t s0_55\" id=\"tq_55\" style=\"left:143px;bottom:598px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">montante total ascender at\u00e9 153,2 milh\u00f5es de euros. Contudo, eventuais decis\u00f5es desfavor\u00e1veis </div>\n<div class=\"t s0_55\" id=\"tr_55\" style=\"left:143px;bottom:575px;letter-spacing:-0.02px;word-spacing:0.1px;display:inline;\">ser\u00e3o absorvidas pelos valores de preju\u00edzos fiscais apurados nos anos de 2011, 2012 e 2013 e que </div>\n<div class=\"t s0_55\" id=\"ts_55\" style=\"left:143px;bottom:551px;letter-spacing:-0.02px;word-spacing:0.2px;display:inline;\">n\u00e3o foram utilizados at\u00e9 ao ano de 2018, num montante que se estima at\u00e9 11,8 milh\u00f5es de euros, </div>\n<div class=\"t s0_55\" id=\"tt_55\" style=\"left:143px;bottom:528px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">tendo assim o potencial de reduzir os processos para 141,4 milh\u00f5es de euros. Ainda no \u00e2mbito dos </div>\n<div class=\"t s0_55\" id=\"tu_55\" style=\"left:143px;bottom:504px;letter-spacing:-0.02px;word-spacing:-0.89px;display:inline;\">acordos celebrados, a Oi encontra-se tamb\u00e9m obrigada a substituir as garantias banc\u00e1rias prestadas </div>\n<div class=\"t s0_55\" id=\"tv_55\" style=\"left:143px;bottom:480px;word-spacing:0.21px;display:inline;\">pela PHAROL \u00e0 Autoridade Tribut\u00e1ria por garantias prestadas pela Oi. Nos casos em que n\u00e3o fosse </div>\n<div class=\"t s0_55\" id=\"tw_55\" style=\"left:143px;bottom:457px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">poss\u00edvel esta substitui\u00e7\u00e3o, a Oi comprometeu-se a prestar garantias equivalentes em favor da </div>\n<div class=\"t s0_55\" id=\"tx_55\" style=\"left:143px;bottom:433px;letter-spacing:-0.04px;word-spacing:2.04px;display:inline;\">PHAROL. Em 2025, a Oi S.A. enfrentou novas etapas de Recupera\u00e7\u00e3o Judicial e at\u00e9 amea\u00e7a de </div>\n<div class=\"t s0_55\" id=\"ty_55\" style=\"left:143px;bottom:410px;letter-spacing:-0.03px;word-spacing:-0.61px;display:inline;\">declara\u00e7\u00e3o de fal\u00eancia, encontrando-se a operar sob administra\u00e7\u00e3o judicial, com vista \u00e0 preserva\u00e7\u00e3o </div>\n<div class=\"t s0_55\" id=\"tz_55\" style=\"left:143px;bottom:386px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">dos ativos e \u00e0 continuidade dos servi\u00e7os essenciais durante o processo de liquida\u00e7\u00e3o. </div>\n<div class=\"t s0_55\" id=\"t10_55\" style=\"left:143px;bottom:348px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">Como tal, a 31 de dezembro de 2025, encontra-se vigente um contrato de penhor constitu\u00eddo sobre </div>\n<div class=\"t s0_55\" id=\"t11_55\" style=\"left:143px;bottom:325px;letter-spacing:-0.03px;word-spacing:0.24px;display:inline;\">64.401.909 a\u00e7\u00f5es ordin\u00e1rias de emiss\u00e3o da Oi (no valor de 170 mil de Euros a 31 de dezembro de </div>\n<div class=\"t s0_55\" id=\"t12_55\" style=\"left:143px;bottom:301px;letter-spacing:-0.01px;word-spacing:-0.52px;display:inline;\">2025), e um dep\u00f3sito em conta garantia no montante de 7.861.752,30 Euros, destinados a garantir </div>\n<div class=\"t s0_55\" id=\"t13_55\" style=\"left:143px;bottom:278px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">a PHAROL em caso de eventual condena\u00e7\u00e3o em conting\u00eancias tribut\u00e1rias da responsabilidade da Oi. </div>\n<div class=\"t s0_55\" id=\"t14_55\" style=\"left:143px;bottom:254px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">Na eventualidade de este montante ser totalmente utilizado em conting\u00eancias fiscais, a Oi S.A. </div>\n<div class=\"t s0_55\" id=\"t15_55\" style=\"left:143px;bottom:230px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">compromete-se a refor\u00e7ar as contragarantias vigentes. </div>\n<div class=\"t s0_55\" id=\"t16_55\" style=\"left:143px;bottom:192px;letter-spacing:-0.01px;word-spacing:0.76px;display:inline;\">Desta forma, o valor de potenciais conting\u00eancias fiscais para a PHAROL, \u00e9 atualmente de at\u00e9 153 </div>\n<div class=\"t s0_55\" id=\"t17_55\" style=\"left:143px;bottom:169px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">milh\u00f5es de euros (147 milh\u00f5es de euros em 2024). Destes, os processos com risco poss\u00edvel ou </div>\n<div class=\"t s0_55\" id=\"t18_55\" style=\"left:143px;bottom:145px;letter-spacing:-0.03px;word-spacing:-0.75px;display:inline;\">prov\u00e1vel de perda para a PHAROL ascendem ao montante l\u00edquido de cerca de 12,7 milh\u00f5es de euros, </div><div></div><div class=\"t s0_56_174\" id=\"t3_56_174\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">aos quais deve ser deduzido o valor de 9,7 milh\u00f5es de euros de corre\u00e7\u00f5es favor\u00e1veis \u00e0 empresa, de </div><div class=\"t s0_56_174\" id=\"t4_56_174\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">acordo com a estimativa dos consultores fiscais. </div><div class=\"t s0_56_174\" id=\"t5_56_174\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:6.09px;display:inline;\">A rubrica Contas a Receber refere-se, maioritariamente, ao montante de 613 mil euros, </div><div class=\"t s0_56_174\" id=\"t6_56_174\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">correspondente \u00e0s comiss\u00f5es associadas \u00e0s garantias banc\u00e1rias referentes aos 12 meses de 2025 </div><span>que, nos termos dos acordos em vigor com a Oi, s\u00e3o da responsabilidade desta. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00224": {
   "value": "<span>16. </span><div class=\"t s2_54\" id=\"t13_54\" style=\"left:169px;bottom:535px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Garantias e Compromissos Financeiros e Contas a Receber </div><div class=\"t s0_54\" id=\"t14_54\" style=\"left:143px;bottom:501px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">A PHAROL, na sequ\u00eancia de ter sido a sociedade dominante do consolidado fiscal do Grupo PT, tem </div><div class=\"t s0_54\" id=\"t15_54\" style=\"left:143px;bottom:478px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">atualmente ainda em lit\u00edgio uma s\u00e9rie de liquida\u00e7\u00f5es fiscais dos anos anteriores a 2014. Em maio </div><div class=\"t s0_54\" id=\"t16_54\" style=\"left:143px;bottom:454px;letter-spacing:-0.01px;word-spacing:-0.4px;display:inline;\">de 2014, e, face ao acordo de combina\u00e7\u00e3o de neg\u00f3cios celebrado entre a PHAROL e a Oi S.A., todas </div><div class=\"t s0_54\" id=\"t17_54\" style=\"left:143px;bottom:430px;letter-spacing:-0.01px;word-spacing:-1.11px;display:inline;\">as responsabilidades inerentes a estas liquida\u00e7\u00f5es fiscais passaram para a Oi, tendo a PHAROL ficado </div><div class=\"t s0_54\" id=\"t18_54\" style=\"left:143px;bottom:407px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">solidariamente respons\u00e1vel. </div><div class=\"t s0_54\" id=\"t19_54\" style=\"left:143px;bottom:369px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">Desta forma, a PHAROL tem atualmente ativas contragarantias para fazer face a riscos de decis\u00f5es </div><div class=\"t s0_54\" id=\"t1a_54\" style=\"left:143px;bottom:345px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">judiciais desfavor\u00e1veis, nomeadamente, Garantias Banc\u00e1rias e Garantias prestadas pelaOi. </div><div class=\"t s0_54\" id=\"t1b_54\" style=\"left:143px;bottom:308px;letter-spacing:-0.02px;word-spacing:3.69px;display:inline;\">Em dezembro de 2024, PHAROL e a Oi assinaram um acordo para redefinir e esclarecer as </div><div class=\"t s0_54\" id=\"t1c_54\" style=\"left:143px;bottom:284px;letter-spacing:-0.02px;word-spacing:0.72px;display:inline;\">responsabilidades fiscais pendentes desde a fus\u00e3o da PT Portugal com a Oi em 2014, ajustando o </div><div class=\"t s0_54\" id=\"t1d_54\" style=\"left:143px;bottom:260px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">tratamento de reembolsos recebidos da Autoridade Tribut\u00e1ria. A PHAROL, respons\u00e1vel inicial pelos </div><div class=\"t s0_54\" id=\"t1e_54\" style=\"left:143px;bottom:237px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">processos fiscais, registava os reembolsos em passivo como saldos a esclarecer, somando \u20ac26,2M. </div><div class=\"t s0_54\" id=\"t1f_54\" style=\"left:143px;bottom:213px;letter-spacing:-0.03px;word-spacing:1.82px;display:inline;\">Com a revis\u00e3o do quadro contratual, foi acordado que a PHAROL receber\u00e1 todos os valores dos </div><div class=\"t s0_54\" id=\"t1g_54\" style=\"left:143px;bottom:190px;letter-spacing:-0.01px;word-spacing:0.77px;display:inline;\">pagamentos feitos antes de maio de 2014, descontando \u20ac22M de custos suportados por conta da </div><div class=\"t s0_54\" id=\"t1h_54\" style=\"left:143px;bottom:166px;letter-spacing:0.02px;display:inline;\">Oi. </div><div class=\"t s0_54\" id=\"t1i_54\" style=\"left:143px;bottom:128px;letter-spacing:-0.04px;word-spacing:1.36px;display:inline;\">Adicionalmente, em 31 de dezembro de 2025 e 2024, o montante de Garantias Banc\u00e1rias tem a </div><div class=\"t s0_54\" id=\"t1j_54\" style=\"left:143px;bottom:105px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">seguinte composi\u00e7\u00e3o: </div><div></div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_55\" id=\"t3_55\" style=\"left:747px;bottom:1089px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t4_55\" style=\"left:631px;bottom:1073px;letter-spacing:-0.29px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t5_55\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t6_55\" style=\"left:155px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Garantias banc\u00e1rias e outras garantias apresentadas a favor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t8_55\" style=\"left:597px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t9_55\" style=\"left:716px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">84.617.476 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t7_55\" style=\"left:151px;bottom:1027px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">das autoridades fiscais e outras entidades p\u00fablicas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"ta_55\" style=\"left:590px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"tb_55\" style=\"left:709px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">84.617.476 </div></td></tr>\n                                        </table>\n<div class=\"t s0_55\" id=\"tc_55\" style=\"left:143px;bottom:957px;letter-spacing:-0.02px;word-spacing:-0.75px;display:inline;\">As garantias banc\u00e1rias e outras garantias apresentadas a favor das autoridades fiscais inclu\u00edam 83,8 </div>\n<div class=\"t s0_55\" id=\"td_55\" style=\"left:143px;bottom:933px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">e 84,6milh\u00f5es de euros a 31 de dezembro de 2025 e de 2024, relacionadas com liquida\u00e7\u00f5es fiscais </div>\n<div class=\"t s0_55\" id=\"te_55\" style=\"left:143px;bottom:910px;letter-spacing:-0.04px;word-spacing:0.98px;display:inline;\">recebidas pela PHAROL. A Empresa impugnou judicialmente estas liquida\u00e7\u00f5es e, de acordo com a </div>\n<div class=\"t s0_55\" id=\"tf_55\" style=\"left:143px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.42px;display:inline;\">legisla\u00e7\u00e3o portuguesa, prestou garantia ap\u00f3s a instaura\u00e7\u00e3o de processo executivo, uma vez que, na </div>\n<div class=\"t s0_55\" id=\"tg_55\" style=\"left:143px;bottom:862px;letter-spacing:-0.02px;word-spacing:3.03px;display:inline;\">aus\u00eancia de garantia ou de pagamento do imposto impugnado, o processo prosseguiria at\u00e9 \u00e0 </div>\n<div class=\"t s0_55\" id=\"th_55\" style=\"left:143px;bottom:839px;letter-spacing:-0.03px;word-spacing:4.88px;display:inline;\">penhora de bens suficientes para satisfazer o imposto liquidado. A lei portuguesa, embora </div>\n<div class=\"t s0_55\" id=\"ti_55\" style=\"left:143px;bottom:815px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">permitindo sempre a impugna\u00e7\u00e3o dos impostos liquidados oficiosamente pela administra\u00e7\u00e3o fiscal, </div>\n<div class=\"t s0_55\" id=\"tj_55\" style=\"left:143px;bottom:792px;letter-spacing:-0.02px;word-spacing:1.23px;display:inline;\">s\u00f3 suspende o processo executivo se houver pagamento do imposto ou presta\u00e7\u00e3o de garantia. A </div>\n<div class=\"t s0_55\" id=\"tk_55\" style=\"left:143px;bottom:768px;letter-spacing:-0.01px;word-spacing:0.6px;display:inline;\">presta\u00e7\u00e3o de garantia evita assim o pagamento do imposto antes da decis\u00e3o da impugna\u00e7\u00e3o ou a </div>\n<div class=\"t s0_55\" id=\"tl_55\" style=\"left:143px;bottom:745px;letter-spacing:-0.04px;display:inline;\">penhora de bens em processo executivo. </div>\n<div class=\"t s0_55\" id=\"tm_55\" style=\"left:143px;bottom:707px;letter-spacing:-0.02px;word-spacing:2.16px;display:inline;\">Parte das garantias prestadas anteriormente foi cancelada face \u00e0 morosidade e caducidade dos </div>\n<div class=\"t s0_55\" id=\"tn_55\" style=\"left:143px;bottom:683px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">processos. Durante 2025, foi cancelada mais uma garantia no valor de 756 mil Euros. </div>\n<div class=\"t s0_55\" id=\"to_55\" style=\"left:143px;bottom:645px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">N\u00e3o obstante a caducidade e consequente cancelamento de parte das Garantias, a maior parte dos </div>\n<div class=\"t s0_55\" id=\"tp_55\" style=\"left:143px;bottom:622px;letter-spacing:-0.01px;word-spacing:1.93px;display:inline;\">processos fiscais mant\u00e9m-se em curso continuando a Oi respons\u00e1vel pelos mesmos, podendo o </div>\n<div class=\"t s0_55\" id=\"tq_55\" style=\"left:143px;bottom:598px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">montante total ascender at\u00e9 153,2 milh\u00f5es de euros. Contudo, eventuais decis\u00f5es desfavor\u00e1veis </div>\n<div class=\"t s0_55\" id=\"tr_55\" style=\"left:143px;bottom:575px;letter-spacing:-0.02px;word-spacing:0.1px;display:inline;\">ser\u00e3o absorvidas pelos valores de preju\u00edzos fiscais apurados nos anos de 2011, 2012 e 2013 e que </div>\n<div class=\"t s0_55\" id=\"ts_55\" style=\"left:143px;bottom:551px;letter-spacing:-0.02px;word-spacing:0.2px;display:inline;\">n\u00e3o foram utilizados at\u00e9 ao ano de 2018, num montante que se estima at\u00e9 11,8 milh\u00f5es de euros, </div>\n<div class=\"t s0_55\" id=\"tt_55\" style=\"left:143px;bottom:528px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">tendo assim o potencial de reduzir os processos para 141,4 milh\u00f5es de euros. Ainda no \u00e2mbito dos </div>\n<div class=\"t s0_55\" id=\"tu_55\" style=\"left:143px;bottom:504px;letter-spacing:-0.02px;word-spacing:-0.89px;display:inline;\">acordos celebrados, a Oi encontra-se tamb\u00e9m obrigada a substituir as garantias banc\u00e1rias prestadas </div>\n<div class=\"t s0_55\" id=\"tv_55\" style=\"left:143px;bottom:480px;word-spacing:0.21px;display:inline;\">pela PHAROL \u00e0 Autoridade Tribut\u00e1ria por garantias prestadas pela Oi. Nos casos em que n\u00e3o fosse </div>\n<div class=\"t s0_55\" id=\"tw_55\" style=\"left:143px;bottom:457px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">poss\u00edvel esta substitui\u00e7\u00e3o, a Oi comprometeu-se a prestar garantias equivalentes em favor da </div>\n<div class=\"t s0_55\" id=\"tx_55\" style=\"left:143px;bottom:433px;letter-spacing:-0.04px;word-spacing:2.04px;display:inline;\">PHAROL. Em 2025, a Oi S.A. enfrentou novas etapas de Recupera\u00e7\u00e3o Judicial e at\u00e9 amea\u00e7a de </div>\n<div class=\"t s0_55\" id=\"ty_55\" style=\"left:143px;bottom:410px;letter-spacing:-0.03px;word-spacing:-0.61px;display:inline;\">declara\u00e7\u00e3o de fal\u00eancia, encontrando-se a operar sob administra\u00e7\u00e3o judicial, com vista \u00e0 preserva\u00e7\u00e3o </div>\n<div class=\"t s0_55\" id=\"tz_55\" style=\"left:143px;bottom:386px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">dos ativos e \u00e0 continuidade dos servi\u00e7os essenciais durante o processo de liquida\u00e7\u00e3o. </div>\n<div class=\"t s0_55\" id=\"t10_55\" style=\"left:143px;bottom:348px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">Como tal, a 31 de dezembro de 2025, encontra-se vigente um contrato de penhor constitu\u00eddo sobre </div>\n<div class=\"t s0_55\" id=\"t11_55\" style=\"left:143px;bottom:325px;letter-spacing:-0.03px;word-spacing:0.24px;display:inline;\">64.401.909 a\u00e7\u00f5es ordin\u00e1rias de emiss\u00e3o da Oi (no valor de 170 mil de Euros a 31 de dezembro de </div>\n<div class=\"t s0_55\" id=\"t12_55\" style=\"left:143px;bottom:301px;letter-spacing:-0.01px;word-spacing:-0.52px;display:inline;\">2025), e um dep\u00f3sito em conta garantia no montante de 7.861.752,30 Euros, destinados a garantir </div>\n<div class=\"t s0_55\" id=\"t13_55\" style=\"left:143px;bottom:278px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">a PHAROL em caso de eventual condena\u00e7\u00e3o em conting\u00eancias tribut\u00e1rias da responsabilidade da Oi. </div>\n<div class=\"t s0_55\" id=\"t14_55\" style=\"left:143px;bottom:254px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">Na eventualidade de este montante ser totalmente utilizado em conting\u00eancias fiscais, a Oi S.A. </div>\n<div class=\"t s0_55\" id=\"t15_55\" style=\"left:143px;bottom:230px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">compromete-se a refor\u00e7ar as contragarantias vigentes. </div>\n<div class=\"t s0_55\" id=\"t16_55\" style=\"left:143px;bottom:192px;letter-spacing:-0.01px;word-spacing:0.76px;display:inline;\">Desta forma, o valor de potenciais conting\u00eancias fiscais para a PHAROL, \u00e9 atualmente de at\u00e9 153 </div>\n<div class=\"t s0_55\" id=\"t17_55\" style=\"left:143px;bottom:169px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">milh\u00f5es de euros (147 milh\u00f5es de euros em 2024). Destes, os processos com risco poss\u00edvel ou </div>\n<div class=\"t s0_55\" id=\"t18_55\" style=\"left:143px;bottom:145px;letter-spacing:-0.03px;word-spacing:-0.75px;display:inline;\">prov\u00e1vel de perda para a PHAROL ascendem ao montante l\u00edquido de cerca de 12,7 milh\u00f5es de euros, </div><div></div><div class=\"t s0_56_174\" id=\"t3_56_174\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">aos quais deve ser deduzido o valor de 9,7 milh\u00f5es de euros de corre\u00e7\u00f5es favor\u00e1veis \u00e0 empresa, de </div><div class=\"t s0_56_174\" id=\"t4_56_174\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">acordo com a estimativa dos consultores fiscais. </div><div class=\"t s0_56_174\" id=\"t5_56_174\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:6.09px;display:inline;\">A rubrica Contas a Receber refere-se, maioritariamente, ao montante de 613 mil euros, </div><div class=\"t s0_56_174\" id=\"t6_56_174\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">correspondente \u00e0s comiss\u00f5es associadas \u00e0s garantias banc\u00e1rias referentes aos 12 meses de 2025 </div><span>que, nos termos dos acordos em vigor com a Oi, s\u00e3o da responsabilidade desta. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00223": {
   "value": "<span>16. </span><div class=\"t s2_54\" id=\"t13_54\" style=\"left:169px;bottom:535px;letter-spacing:0.21px;word-spacing:-0.03px;display:inline;\">Garantias e Compromissos Financeiros e Contas a Receber </div><div class=\"t s0_54\" id=\"t14_54\" style=\"left:143px;bottom:501px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">A PHAROL, na sequ\u00eancia de ter sido a sociedade dominante do consolidado fiscal do Grupo PT, tem </div><div class=\"t s0_54\" id=\"t15_54\" style=\"left:143px;bottom:478px;letter-spacing:-0.04px;word-spacing:0.81px;display:inline;\">atualmente ainda em lit\u00edgio uma s\u00e9rie de liquida\u00e7\u00f5es fiscais dos anos anteriores a 2014. Em maio </div><div class=\"t s0_54\" id=\"t16_54\" style=\"left:143px;bottom:454px;letter-spacing:-0.01px;word-spacing:-0.4px;display:inline;\">de 2014, e, face ao acordo de combina\u00e7\u00e3o de neg\u00f3cios celebrado entre a PHAROL e a Oi S.A., todas </div><div class=\"t s0_54\" id=\"t17_54\" style=\"left:143px;bottom:430px;letter-spacing:-0.01px;word-spacing:-1.11px;display:inline;\">as responsabilidades inerentes a estas liquida\u00e7\u00f5es fiscais passaram para a Oi, tendo a PHAROL ficado </div><div class=\"t s0_54\" id=\"t18_54\" style=\"left:143px;bottom:407px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">solidariamente respons\u00e1vel. </div><div class=\"t s0_54\" id=\"t19_54\" style=\"left:143px;bottom:369px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">Desta forma, a PHAROL tem atualmente ativas contragarantias para fazer face a riscos de decis\u00f5es </div><div class=\"t s0_54\" id=\"t1a_54\" style=\"left:143px;bottom:345px;letter-spacing:-0.02px;word-spacing:-0.12px;display:inline;\">judiciais desfavor\u00e1veis, nomeadamente, Garantias Banc\u00e1rias e Garantias prestadas pelaOi. </div><div class=\"t s0_54\" id=\"t1b_54\" style=\"left:143px;bottom:308px;letter-spacing:-0.02px;word-spacing:3.69px;display:inline;\">Em dezembro de 2024, PHAROL e a Oi assinaram um acordo para redefinir e esclarecer as </div><div class=\"t s0_54\" id=\"t1c_54\" style=\"left:143px;bottom:284px;letter-spacing:-0.02px;word-spacing:0.72px;display:inline;\">responsabilidades fiscais pendentes desde a fus\u00e3o da PT Portugal com a Oi em 2014, ajustando o </div><div class=\"t s0_54\" id=\"t1d_54\" style=\"left:143px;bottom:260px;letter-spacing:-0.03px;word-spacing:0.43px;display:inline;\">tratamento de reembolsos recebidos da Autoridade Tribut\u00e1ria. A PHAROL, respons\u00e1vel inicial pelos </div><div class=\"t s0_54\" id=\"t1e_54\" style=\"left:143px;bottom:237px;letter-spacing:-0.02px;word-spacing:0.07px;display:inline;\">processos fiscais, registava os reembolsos em passivo como saldos a esclarecer, somando \u20ac26,2M. </div><div class=\"t s0_54\" id=\"t1f_54\" style=\"left:143px;bottom:213px;letter-spacing:-0.03px;word-spacing:1.82px;display:inline;\">Com a revis\u00e3o do quadro contratual, foi acordado que a PHAROL receber\u00e1 todos os valores dos </div><div class=\"t s0_54\" id=\"t1g_54\" style=\"left:143px;bottom:190px;letter-spacing:-0.01px;word-spacing:0.77px;display:inline;\">pagamentos feitos antes de maio de 2014, descontando \u20ac22M de custos suportados por conta da </div><div class=\"t s0_54\" id=\"t1h_54\" style=\"left:143px;bottom:166px;letter-spacing:0.02px;display:inline;\">Oi. </div><div class=\"t s0_54\" id=\"t1i_54\" style=\"left:143px;bottom:128px;letter-spacing:-0.04px;word-spacing:1.36px;display:inline;\">Adicionalmente, em 31 de dezembro de 2025 e 2024, o montante de Garantias Banc\u00e1rias tem a </div><div class=\"t s0_54\" id=\"t1j_54\" style=\"left:143px;bottom:105px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">seguinte composi\u00e7\u00e3o: </div><div></div>\n<table>\n                                            <tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_55\" id=\"t3_55\" style=\"left:747px;bottom:1089px;letter-spacing:-0.23px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t4_55\" style=\"left:631px;bottom:1073px;letter-spacing:-0.29px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"t5_55\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t6_55\" style=\"left:155px;bottom:1041px;letter-spacing:-0.26px;word-spacing:0.03px;display:inline;\">Garantias banc\u00e1rias e outras garantias apresentadas a favor </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t8_55\" style=\"left:597px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t9_55\" style=\"left:716px;bottom:1043px;letter-spacing:-0.26px;display:inline;\">84.617.476 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_55\" id=\"t7_55\" style=\"left:151px;bottom:1027px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">das autoridades fiscais e outras entidades p\u00fablicas </div></td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> </td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"ta_55\" style=\"left:590px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">83.861.425 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_55\" id=\"tb_55\" style=\"left:709px;bottom:1011px;letter-spacing:-0.3px;display:inline;\">84.617.476 </div></td></tr>\n                                        </table>\n<div class=\"t s0_55\" id=\"tc_55\" style=\"left:143px;bottom:957px;letter-spacing:-0.02px;word-spacing:-0.75px;display:inline;\">As garantias banc\u00e1rias e outras garantias apresentadas a favor das autoridades fiscais inclu\u00edam 83,8 </div>\n<div class=\"t s0_55\" id=\"td_55\" style=\"left:143px;bottom:933px;letter-spacing:-0.03px;word-spacing:0.11px;display:inline;\">e 84,6milh\u00f5es de euros a 31 de dezembro de 2025 e de 2024, relacionadas com liquida\u00e7\u00f5es fiscais </div>\n<div class=\"t s0_55\" id=\"te_55\" style=\"left:143px;bottom:910px;letter-spacing:-0.04px;word-spacing:0.98px;display:inline;\">recebidas pela PHAROL. A Empresa impugnou judicialmente estas liquida\u00e7\u00f5es e, de acordo com a </div>\n<div class=\"t s0_55\" id=\"tf_55\" style=\"left:143px;bottom:886px;letter-spacing:-0.01px;word-spacing:-0.42px;display:inline;\">legisla\u00e7\u00e3o portuguesa, prestou garantia ap\u00f3s a instaura\u00e7\u00e3o de processo executivo, uma vez que, na </div>\n<div class=\"t s0_55\" id=\"tg_55\" style=\"left:143px;bottom:862px;letter-spacing:-0.02px;word-spacing:3.03px;display:inline;\">aus\u00eancia de garantia ou de pagamento do imposto impugnado, o processo prosseguiria at\u00e9 \u00e0 </div>\n<div class=\"t s0_55\" id=\"th_55\" style=\"left:143px;bottom:839px;letter-spacing:-0.03px;word-spacing:4.88px;display:inline;\">penhora de bens suficientes para satisfazer o imposto liquidado. A lei portuguesa, embora </div>\n<div class=\"t s0_55\" id=\"ti_55\" style=\"left:143px;bottom:815px;letter-spacing:-0.02px;word-spacing:0.41px;display:inline;\">permitindo sempre a impugna\u00e7\u00e3o dos impostos liquidados oficiosamente pela administra\u00e7\u00e3o fiscal, </div>\n<div class=\"t s0_55\" id=\"tj_55\" style=\"left:143px;bottom:792px;letter-spacing:-0.02px;word-spacing:1.23px;display:inline;\">s\u00f3 suspende o processo executivo se houver pagamento do imposto ou presta\u00e7\u00e3o de garantia. A </div>\n<div class=\"t s0_55\" id=\"tk_55\" style=\"left:143px;bottom:768px;letter-spacing:-0.01px;word-spacing:0.6px;display:inline;\">presta\u00e7\u00e3o de garantia evita assim o pagamento do imposto antes da decis\u00e3o da impugna\u00e7\u00e3o ou a </div>\n<div class=\"t s0_55\" id=\"tl_55\" style=\"left:143px;bottom:745px;letter-spacing:-0.04px;display:inline;\">penhora de bens em processo executivo. </div>\n<div class=\"t s0_55\" id=\"tm_55\" style=\"left:143px;bottom:707px;letter-spacing:-0.02px;word-spacing:2.16px;display:inline;\">Parte das garantias prestadas anteriormente foi cancelada face \u00e0 morosidade e caducidade dos </div>\n<div class=\"t s0_55\" id=\"tn_55\" style=\"left:143px;bottom:683px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">processos. Durante 2025, foi cancelada mais uma garantia no valor de 756 mil Euros. </div>\n<div class=\"t s0_55\" id=\"to_55\" style=\"left:143px;bottom:645px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">N\u00e3o obstante a caducidade e consequente cancelamento de parte das Garantias, a maior parte dos </div>\n<div class=\"t s0_55\" id=\"tp_55\" style=\"left:143px;bottom:622px;letter-spacing:-0.01px;word-spacing:1.93px;display:inline;\">processos fiscais mant\u00e9m-se em curso continuando a Oi respons\u00e1vel pelos mesmos, podendo o </div>\n<div class=\"t s0_55\" id=\"tq_55\" style=\"left:143px;bottom:598px;letter-spacing:-0.03px;word-spacing:1.5px;display:inline;\">montante total ascender at\u00e9 153,2 milh\u00f5es de euros. Contudo, eventuais decis\u00f5es desfavor\u00e1veis </div>\n<div class=\"t s0_55\" id=\"tr_55\" style=\"left:143px;bottom:575px;letter-spacing:-0.02px;word-spacing:0.1px;display:inline;\">ser\u00e3o absorvidas pelos valores de preju\u00edzos fiscais apurados nos anos de 2011, 2012 e 2013 e que </div>\n<div class=\"t s0_55\" id=\"ts_55\" style=\"left:143px;bottom:551px;letter-spacing:-0.02px;word-spacing:0.2px;display:inline;\">n\u00e3o foram utilizados at\u00e9 ao ano de 2018, num montante que se estima at\u00e9 11,8 milh\u00f5es de euros, </div>\n<div class=\"t s0_55\" id=\"tt_55\" style=\"left:143px;bottom:528px;letter-spacing:-0.03px;word-spacing:0.1px;display:inline;\">tendo assim o potencial de reduzir os processos para 141,4 milh\u00f5es de euros. Ainda no \u00e2mbito dos </div>\n<div class=\"t s0_55\" id=\"tu_55\" style=\"left:143px;bottom:504px;letter-spacing:-0.02px;word-spacing:-0.89px;display:inline;\">acordos celebrados, a Oi encontra-se tamb\u00e9m obrigada a substituir as garantias banc\u00e1rias prestadas </div>\n<div class=\"t s0_55\" id=\"tv_55\" style=\"left:143px;bottom:480px;word-spacing:0.21px;display:inline;\">pela PHAROL \u00e0 Autoridade Tribut\u00e1ria por garantias prestadas pela Oi. Nos casos em que n\u00e3o fosse </div>\n<div class=\"t s0_55\" id=\"tw_55\" style=\"left:143px;bottom:457px;letter-spacing:-0.03px;word-spacing:2.8px;display:inline;\">poss\u00edvel esta substitui\u00e7\u00e3o, a Oi comprometeu-se a prestar garantias equivalentes em favor da </div>\n<div class=\"t s0_55\" id=\"tx_55\" style=\"left:143px;bottom:433px;letter-spacing:-0.04px;word-spacing:2.04px;display:inline;\">PHAROL. Em 2025, a Oi S.A. enfrentou novas etapas de Recupera\u00e7\u00e3o Judicial e at\u00e9 amea\u00e7a de </div>\n<div class=\"t s0_55\" id=\"ty_55\" style=\"left:143px;bottom:410px;letter-spacing:-0.03px;word-spacing:-0.61px;display:inline;\">declara\u00e7\u00e3o de fal\u00eancia, encontrando-se a operar sob administra\u00e7\u00e3o judicial, com vista \u00e0 preserva\u00e7\u00e3o </div>\n<div class=\"t s0_55\" id=\"tz_55\" style=\"left:143px;bottom:386px;letter-spacing:-0.03px;word-spacing:-0.04px;display:inline;\">dos ativos e \u00e0 continuidade dos servi\u00e7os essenciais durante o processo de liquida\u00e7\u00e3o. </div>\n<div class=\"t s0_55\" id=\"t10_55\" style=\"left:143px;bottom:348px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">Como tal, a 31 de dezembro de 2025, encontra-se vigente um contrato de penhor constitu\u00eddo sobre </div>\n<div class=\"t s0_55\" id=\"t11_55\" style=\"left:143px;bottom:325px;letter-spacing:-0.03px;word-spacing:0.24px;display:inline;\">64.401.909 a\u00e7\u00f5es ordin\u00e1rias de emiss\u00e3o da Oi (no valor de 170 mil de Euros a 31 de dezembro de </div>\n<div class=\"t s0_55\" id=\"t12_55\" style=\"left:143px;bottom:301px;letter-spacing:-0.01px;word-spacing:-0.52px;display:inline;\">2025), e um dep\u00f3sito em conta garantia no montante de 7.861.752,30 Euros, destinados a garantir </div>\n<div class=\"t s0_55\" id=\"t13_55\" style=\"left:143px;bottom:278px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">a PHAROL em caso de eventual condena\u00e7\u00e3o em conting\u00eancias tribut\u00e1rias da responsabilidade da Oi. </div>\n<div class=\"t s0_55\" id=\"t14_55\" style=\"left:143px;bottom:254px;letter-spacing:-0.04px;word-spacing:2.2px;display:inline;\">Na eventualidade de este montante ser totalmente utilizado em conting\u00eancias fiscais, a Oi S.A. </div>\n<div class=\"t s0_55\" id=\"t15_55\" style=\"left:143px;bottom:230px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">compromete-se a refor\u00e7ar as contragarantias vigentes. </div>\n<div class=\"t s0_55\" id=\"t16_55\" style=\"left:143px;bottom:192px;letter-spacing:-0.01px;word-spacing:0.76px;display:inline;\">Desta forma, o valor de potenciais conting\u00eancias fiscais para a PHAROL, \u00e9 atualmente de at\u00e9 153 </div>\n<div class=\"t s0_55\" id=\"t17_55\" style=\"left:143px;bottom:169px;letter-spacing:-0.01px;word-spacing:1.76px;display:inline;\">milh\u00f5es de euros (147 milh\u00f5es de euros em 2024). Destes, os processos com risco poss\u00edvel ou </div>\n<div class=\"t s0_55\" id=\"t18_55\" style=\"left:143px;bottom:145px;letter-spacing:-0.03px;word-spacing:-0.75px;display:inline;\">prov\u00e1vel de perda para a PHAROL ascendem ao montante l\u00edquido de cerca de 12,7 milh\u00f5es de euros, </div><div></div><div class=\"t s0_56_174\" id=\"t3_56_174\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:-0.18px;display:inline;\">aos quais deve ser deduzido o valor de 9,7 milh\u00f5es de euros de corre\u00e7\u00f5es favor\u00e1veis \u00e0 empresa, de </div><div class=\"t s0_56_174\" id=\"t4_56_174\" style=\"left:143px;bottom:1064px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">acordo com a estimativa dos consultores fiscais. </div><div class=\"t s0_56_174\" id=\"t5_56_174\" style=\"left:143px;bottom:1026px;letter-spacing:-0.01px;word-spacing:6.09px;display:inline;\">A rubrica Contas a Receber refere-se, maioritariamente, ao montante de 613 mil euros, </div><div class=\"t s0_56_174\" id=\"t6_56_174\" style=\"left:143px;bottom:1003px;letter-spacing:-0.03px;word-spacing:0.77px;display:inline;\">correspondente \u00e0s comiss\u00f5es associadas \u00e0s garantias banc\u00e1rias referentes aos 12 meses de 2025 </div><span>que, nos termos dos acordos em vigor com a Oi, s\u00e3o da responsabilidade desta. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00230": {
   "value": "<span>17. </span><div class=\"t s2_56_174\" id=\"t9_56_174\" style=\"left:169px;bottom:901px;letter-spacing:0.18px;word-spacing:0.09px;display:inline;\">Capital pr\u00f3prio </div><div class=\"t s1_56_174\" id=\"ta_56_174\" style=\"left:143px;bottom:876px;letter-spacing:-0.08px;display:inline;\"><span>17.1. </span></div><div class=\"t s2_56_174\" id=\"tb_56_174\" style=\"left:200px;bottom:875px;letter-spacing:0.21px;word-spacing:-0.06px;display:inline;\">Capital social </div><div class=\"t s0_56_174\" id=\"tc_56_174\" style=\"left:143px;bottom:841px;letter-spacing:-0.04px;display:inline;\">O capital social da PHAROL, totalmente subscrito e realizado, ascende em 31 de dezembro de 2025 </div><div class=\"t s0_56_174\" id=\"td_56_174\" style=\"left:143px;bottom:818px;letter-spacing:-0.03px;word-spacing:-0.4px;display:inline;\">e 2024 a 26.895.375 Euros, representado por 896.512.500 a\u00e7\u00f5es ordin\u00e1rias, com um valor nominal </div><div class=\"t s0_56_174\" id=\"te_56_174\" style=\"left:143px;bottom:794px;letter-spacing:-0.04px;word-spacing:0.05px;display:inline;\"><span>de tr\u00eas c\u00eantimos de euro cada.</span> </div><div class=\"t s1_56_174\" id=\"tf_56_174\" style=\"left:143px;bottom:754px;letter-spacing:-0.08px;display:inline;\"><span>17.2. </span></div><div class=\"t s2_56_174\" id=\"tg_56_174\" style=\"left:195px;bottom:754px;letter-spacing:0.2px;word-spacing:-0.21px;display:inline;\">A\u00e7\u00f5es pr\u00f3prias </div><div class=\"t s0_56_174\" id=\"th_56_174\" style=\"left:143px;bottom:720px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">Em 31 de dezembro de 2025 e 2024 esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_56_174\" id=\"ti_56_174\" style=\"left:747px;bottom:682px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"tj_56_174\" style=\"left:653px;bottom:666px;letter-spacing:-0.33px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"tk_56_174\" style=\"left:750px;bottom:666px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_56_174\" id=\"tl_56_174\" style=\"left:156px;bottom:635px;letter-spacing:-0.29px;word-spacing:0.15px;display:inline;\">A\u00e7\u00f5es detidas pela PHAROL </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_56_174\" id=\"tm_56_174\" style=\"left:611px;bottom:635px;letter-spacing:-0.26px;display:inline;\">164.809.193 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_56_174\" id=\"tn_56_174\" style=\"left:709px;bottom:635px;letter-spacing:-0.26px;display:inline;\">164.809.193 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"to_56_174\" style=\"left:604px;bottom:620px;letter-spacing:-0.29px;display:inline;\">164.809.193 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"tp_56_174\" style=\"left:701px;bottom:620px;letter-spacing:-0.29px;display:inline;\">164.809.193 </div></td></tr></table>\n<div class=\"t s0_56_174\" id=\"tq_56_174\" style=\"left:143px;bottom:565px;letter-spacing:-0.04px;word-spacing:-0.05px;display:inline;\">Em 31 de dezembro de 2025 e 2024, a PHAROL det\u00e9m 74.689.552 a\u00e7\u00f5es pr\u00f3prias correspondentes </div><div class=\"t s0_56_174\" id=\"tr_56_174\" style=\"left:143px;bottom:541px;word-spacing:-0.13px;display:inline;\"><span>a 8,33% do seu capital social.</span> </div><div class=\"t s1_56_174\" id=\"ts_56_174\" style=\"left:143px;bottom:472px;letter-spacing:-0.08px;display:inline;\"><span>17.3. </span></div><div class=\"t s2_56_174\" id=\"tt_56_174\" style=\"left:195px;bottom:471px;letter-spacing:0.19px;word-spacing:0.1px;display:inline;\">Reserva Legal </div><div class=\"t s0_56_174\" id=\"tu_56_174\" style=\"left:143px;bottom:437px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">A legisla\u00e7\u00e3o comercial e os estatutos da PHAROL estabelecem que, pelo menos, 5% do resultado </div><div class=\"t s0_56_174\" id=\"tv_56_174\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:1.43px;display:inline;\">l\u00edquido anual tem de ser destinado ao refor\u00e7o da reserva legal, at\u00e9 que esta represente 20% do </div><div class=\"t s0_56_174\" id=\"tw_56_174\" style=\"left:143px;bottom:390px;letter-spacing:-0.03px;word-spacing:0.39px;display:inline;\">capital. Esta reserva n\u00e3o \u00e9 distribu\u00edvel a n\u00e3o ser em caso de liquida\u00e7\u00e3o da empresa, mas pode ser </div><div class=\"t s0_56_174\" id=\"tx_56_174\" style=\"left:143px;bottom:367px;letter-spacing:-0.03px;word-spacing:5.72px;display:inline;\">utilizada para absorver preju\u00edzos, depois de esgotadas todas as outras reservas, ou para </div><div class=\"t s0_56_174\" id=\"ty_56_174\" style=\"left:143px;bottom:343px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">incorpora\u00e7\u00e3o no capital. Em 31 de dezembro de 2025 e 2024, a reserva legal ascendia a 6.773.139 </div><div class=\"t s0_56_174\" id=\"tz_56_174\" style=\"left:143px;bottom:319px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">Euros e j\u00e1 se encontrava totalmente constitu\u00edda, correspondendo a mais de 20% do capital social. </div><div class=\"t s1_56_174\" id=\"t10_56_174\" style=\"left:143px;bottom:280px;letter-spacing:-0.08px;display:inline;\">17.4. </div><div class=\"t s2_56_174\" id=\"t11_56_174\" style=\"left:195px;bottom:279px;letter-spacing:0.18px;word-spacing:0.15px;display:inline;\">Reserva de a\u00e7\u00f5es pr\u00f3prias </div><div class=\"t s0_56_174\" id=\"t12_56_174\" style=\"left:143px;bottom:245px;letter-spacing:-0.02px;word-spacing:-0.4px;display:inline;\">A reserva de a\u00e7\u00f5es pr\u00f3prias est\u00e1 relacionada com o reconhecimento de uma reserva indispon\u00edvel de </div><div class=\"t s0_56_174\" id=\"t13_56_174\" style=\"left:143px;bottom:222px;word-spacing:-1.01px;display:inline;\">valor equivalente ao valor nominal das a\u00e7\u00f5es canceladas ou ao custo de aquisi\u00e7\u00e3o das a\u00e7\u00f5es pr\u00f3prias </div><div class=\"t s0_56_174\" id=\"t14_56_174\" style=\"left:143px;bottom:198px;letter-spacing:-0.02px;word-spacing:0.44px;display:inline;\">detidas pela PHAROL. A reserva de a\u00e7\u00f5es pr\u00f3prias tem um regime legal equivalente ao da reserva </div><div class=\"t s0_56_174\" id=\"t15_56_174\" style=\"left:143px;bottom:174px;letter-spacing:-0.02px;word-spacing:-0.4px;display:inline;\">legal. Em 31 de dezembro de 2025 e de 2024, esta reserva refere-se \u00e0s a\u00e7\u00f5es canceladas em 20 de </div><div class=\"t s0_56_174\" id=\"t16_56_174\" style=\"left:143px;bottom:151px;word-spacing:0.59px;display:inline;\">dezembro de 2007, 24 de mar\u00e7o de 2008 e 10 de dezembro de 2008, no montante de 6.970.320 </div><div class=\"t s0_56_174\" id=\"t17_56_174\" style=\"left:143px;bottom:127px;letter-spacing:-0.01px;word-spacing:0.25px;display:inline;\">Euros, assim como \u00e0s a\u00e7\u00f5es pr\u00f3prias adquiridas ou alienadas em 2014, 2016, 2019, 2020 e 2021, </div><div class=\"t s0_56_174\" id=\"t18_56_174\" style=\"left:143px;bottom:104px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">no valor total de 164.809.500 Euros. </div><div></div><div class=\"t s1_57\" id=\"t3_57\" style=\"left:143px;bottom:1086px;letter-spacing:-0.08px;display:inline;\">17.5. </div><div class=\"t s2_57\" id=\"t4_57\" style=\"left:195px;bottom:1086px;letter-spacing:0.21px;word-spacing:0.05px;display:inline;\">Outras reservas e resultados acumulados </div><div class=\"t s0_57\" id=\"t5_57\" style=\"left:143px;bottom:1052px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">Em 31 de dezembro de 2025 e 2024, a composi\u00e7\u00e3o desta rubrica \u00e9 como segue: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_57\" id=\"t6_57\" style=\"left:747px;bottom:1015px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"t7_57\" style=\"left:644px;bottom:999px;letter-spacing:-0.33px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"t8_57\" style=\"left:750px;bottom:999px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"t9_57\" style=\"left:156px;bottom:969px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Resultados Transitados </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"ta_57\" style=\"left:603px;bottom:969px;letter-spacing:-0.26px;display:inline;\">135.169.925 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tb_57\" style=\"left:709px;bottom:969px;letter-spacing:-0.27px;display:inline;\">110.945.176 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tc_57\" style=\"left:156px;bottom:954px;letter-spacing:-0.26px;word-spacing:0.26px;display:inline;\">Resultado l\u00edquido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"td_57\" style=\"left:617px;bottom:955px;letter-spacing:-0.26px;display:inline;\">2.100.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"te_57\" style=\"left:716px;bottom:955px;letter-spacing:-0.25px;display:inline;\">24.224.749 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tf_57\" style=\"left:156px;bottom:940px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">Reservas livres </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tg_57\" style=\"left:603px;bottom:940px;letter-spacing:-0.26px;display:inline;\">105.209.244 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"th_57\" style=\"left:709px;bottom:940px;letter-spacing:-0.27px;display:inline;\">105.209.244 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"ti_57\" style=\"left:156px;bottom:925px;letter-spacing:-0.28px;word-spacing:0.12px;display:inline;\">Ajustamentos de convers\u00e3o cambial (i) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tj_57\" style=\"left:626px;bottom:925px;letter-spacing:-0.24px;display:inline;\">(42.047) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tk_57\" style=\"left:732px;bottom:925px;letter-spacing:-0.24px;display:inline;\">(42.273) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tl_57\" style=\"left:156px;bottom:910px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">Perdas reconhecidas diretamente no capital pr\u00f3prio, l\u00edquidas (ii) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tm_57\" style=\"left:592px;bottom:911px;letter-spacing:-0.26px;display:inline;\">(188.796.215) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tn_57\" style=\"left:698px;bottom:911px;letter-spacing:-0.26px;display:inline;\">(188.774.707) </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"to_57\" style=\"left:603px;bottom:895px;letter-spacing:-0.3px;display:inline;\">53.641.665 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"tp_57\" style=\"left:709px;bottom:895px;letter-spacing:-0.33px;display:inline;\">51.562.190 </div></td></tr></table>\n<div class=\"t s0_57\" id=\"tq_57\" style=\"left:143px;bottom:840px;letter-spacing:-0.01px;word-spacing:0.58px;display:inline;\">(i) A varia\u00e7\u00e3o desta rubrica reflete essencialmente o efeito cambial decorrente da transposi\u00e7\u00e3o da </div><div class=\"t s0_57\" id=\"tr_57\" style=\"left:143px;bottom:817px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">subsidi\u00e1ria PHAROL Brasil. </div><div class=\"t s0_57\" id=\"ts_57\" style=\"left:143px;bottom:779px;letter-spacing:-0.02px;word-spacing:4.4px;display:inline;\">(ii) Em 31 de dezembro de 2025 e 2024, com a aplica\u00e7\u00e3o da IFRS 9 esta r\u00fabrica reflete </div><div class=\"t s0_57\" id=\"tt_57\" style=\"left:143px;bottom:755px;letter-spacing:-0.02px;word-spacing:3.91px;display:inline;\">essencialmente o investimento na Oi, que se passou a qualificar como um investimento em </div><div class=\"t s0_57\" id=\"tu_57\" style=\"left:143px;bottom:732px;letter-spacing:-0.03px;word-spacing:2.73px;display:inline;\">instrumentos de capital pr\u00f3prio ao justo valor atrav\u00e9s do outro rendimento integral em 31 de </div><div class=\"t s0_57\" id=\"tv_57\" style=\"left:143px;bottom:708px;letter-spacing:-0.03px;word-spacing:3.84px;display:inline;\">dezembro de 2017, data a partir da qual todas as varia\u00e7\u00f5es de justo valor ocorridas nesse </div><span>investimento passaram a ser reconhecidas no capital pr\u00f3prio. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00229": {
   "value": "<span>17.1. </span><div class=\"t s2_56_174\" id=\"tb_56_174\" style=\"left:200px;bottom:875px;letter-spacing:0.21px;word-spacing:-0.06px;display:inline;\">Capital social </div><div class=\"t s0_56_174\" id=\"tc_56_174\" style=\"left:143px;bottom:841px;letter-spacing:-0.04px;display:inline;\">O capital social da PHAROL, totalmente subscrito e realizado, ascende em 31 de dezembro de 2025 </div><div class=\"t s0_56_174\" id=\"td_56_174\" style=\"left:143px;bottom:818px;letter-spacing:-0.03px;word-spacing:-0.4px;display:inline;\">e 2024 a 26.895.375 Euros, representado por 896.512.500 a\u00e7\u00f5es ordin\u00e1rias, com um valor nominal </div><span>de tr\u00eas c\u00eantimos de euro cada.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00231": {
   "value": "<span>17.2. </span><div class=\"t s2_56_174\" id=\"tg_56_174\" style=\"left:195px;bottom:754px;letter-spacing:0.2px;word-spacing:-0.21px;display:inline;\">A\u00e7\u00f5es pr\u00f3prias </div><div class=\"t s0_56_174\" id=\"th_56_174\" style=\"left:143px;bottom:720px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">Em 31 de dezembro de 2025 e 2024 esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_56_174\" id=\"ti_56_174\" style=\"left:747px;bottom:682px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"tj_56_174\" style=\"left:653px;bottom:666px;letter-spacing:-0.33px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"tk_56_174\" style=\"left:750px;bottom:666px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_56_174\" id=\"tl_56_174\" style=\"left:156px;bottom:635px;letter-spacing:-0.29px;word-spacing:0.15px;display:inline;\">A\u00e7\u00f5es detidas pela PHAROL </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_56_174\" id=\"tm_56_174\" style=\"left:611px;bottom:635px;letter-spacing:-0.26px;display:inline;\">164.809.193 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_56_174\" id=\"tn_56_174\" style=\"left:709px;bottom:635px;letter-spacing:-0.26px;display:inline;\">164.809.193 </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\">\u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"to_56_174\" style=\"left:604px;bottom:620px;letter-spacing:-0.29px;display:inline;\">164.809.193 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_56_174\" id=\"tp_56_174\" style=\"left:701px;bottom:620px;letter-spacing:-0.29px;display:inline;\">164.809.193 </div></td></tr></table>\n<div class=\"t s0_56_174\" id=\"tq_56_174\" style=\"left:143px;bottom:565px;letter-spacing:-0.04px;word-spacing:-0.05px;display:inline;\">Em 31 de dezembro de 2025 e 2024, a PHAROL det\u00e9m 74.689.552 a\u00e7\u00f5es pr\u00f3prias correspondentes </div><span>a 8,33% do seu capital social.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00232": {
   "value": "<span>17.3. </span><div class=\"t s2_56_174\" id=\"tt_56_174\" style=\"left:195px;bottom:471px;letter-spacing:0.19px;word-spacing:0.1px;display:inline;\">Reserva Legal </div><div class=\"t s0_56_174\" id=\"tu_56_174\" style=\"left:143px;bottom:437px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">A legisla\u00e7\u00e3o comercial e os estatutos da PHAROL estabelecem que, pelo menos, 5% do resultado </div><div class=\"t s0_56_174\" id=\"tv_56_174\" style=\"left:143px;bottom:413px;letter-spacing:-0.03px;word-spacing:1.43px;display:inline;\">l\u00edquido anual tem de ser destinado ao refor\u00e7o da reserva legal, at\u00e9 que esta represente 20% do </div><div class=\"t s0_56_174\" id=\"tw_56_174\" style=\"left:143px;bottom:390px;letter-spacing:-0.03px;word-spacing:0.39px;display:inline;\">capital. Esta reserva n\u00e3o \u00e9 distribu\u00edvel a n\u00e3o ser em caso de liquida\u00e7\u00e3o da empresa, mas pode ser </div><div class=\"t s0_56_174\" id=\"tx_56_174\" style=\"left:143px;bottom:367px;letter-spacing:-0.03px;word-spacing:5.72px;display:inline;\">utilizada para absorver preju\u00edzos, depois de esgotadas todas as outras reservas, ou para </div><div class=\"t s0_56_174\" id=\"ty_56_174\" style=\"left:143px;bottom:343px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">incorpora\u00e7\u00e3o no capital. Em 31 de dezembro de 2025 e 2024, a reserva legal ascendia a 6.773.139 </div><div class=\"t s0_56_174\" id=\"tz_56_174\" style=\"left:143px;bottom:319px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">Euros e j\u00e1 se encontrava totalmente constitu\u00edda, correspondendo a mais de 20% do capital social. </div><div class=\"t s1_56_174\" id=\"t10_56_174\" style=\"left:143px;bottom:280px;letter-spacing:-0.08px;display:inline;\">17.4. </div><div class=\"t s2_56_174\" id=\"t11_56_174\" style=\"left:195px;bottom:279px;letter-spacing:0.18px;word-spacing:0.15px;display:inline;\">Reserva de a\u00e7\u00f5es pr\u00f3prias </div><div class=\"t s0_56_174\" id=\"t12_56_174\" style=\"left:143px;bottom:245px;letter-spacing:-0.02px;word-spacing:-0.4px;display:inline;\">A reserva de a\u00e7\u00f5es pr\u00f3prias est\u00e1 relacionada com o reconhecimento de uma reserva indispon\u00edvel de </div><div class=\"t s0_56_174\" id=\"t13_56_174\" style=\"left:143px;bottom:222px;word-spacing:-1.01px;display:inline;\">valor equivalente ao valor nominal das a\u00e7\u00f5es canceladas ou ao custo de aquisi\u00e7\u00e3o das a\u00e7\u00f5es pr\u00f3prias </div><div class=\"t s0_56_174\" id=\"t14_56_174\" style=\"left:143px;bottom:198px;letter-spacing:-0.02px;word-spacing:0.44px;display:inline;\">detidas pela PHAROL. A reserva de a\u00e7\u00f5es pr\u00f3prias tem um regime legal equivalente ao da reserva </div><div class=\"t s0_56_174\" id=\"t15_56_174\" style=\"left:143px;bottom:174px;letter-spacing:-0.02px;word-spacing:-0.4px;display:inline;\">legal. Em 31 de dezembro de 2025 e de 2024, esta reserva refere-se \u00e0s a\u00e7\u00f5es canceladas em 20 de </div><div class=\"t s0_56_174\" id=\"t16_56_174\" style=\"left:143px;bottom:151px;word-spacing:0.59px;display:inline;\">dezembro de 2007, 24 de mar\u00e7o de 2008 e 10 de dezembro de 2008, no montante de 6.970.320 </div><div class=\"t s0_56_174\" id=\"t17_56_174\" style=\"left:143px;bottom:127px;letter-spacing:-0.01px;word-spacing:0.25px;display:inline;\">Euros, assim como \u00e0s a\u00e7\u00f5es pr\u00f3prias adquiridas ou alienadas em 2014, 2016, 2019, 2020 e 2021, </div><div class=\"t s0_56_174\" id=\"t18_56_174\" style=\"left:143px;bottom:104px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">no valor total de 164.809.500 Euros. </div><div></div><div class=\"t s1_57\" id=\"t3_57\" style=\"left:143px;bottom:1086px;letter-spacing:-0.08px;display:inline;\">17.5. </div><div class=\"t s2_57\" id=\"t4_57\" style=\"left:195px;bottom:1086px;letter-spacing:0.21px;word-spacing:0.05px;display:inline;\">Outras reservas e resultados acumulados </div><div class=\"t s0_57\" id=\"t5_57\" style=\"left:143px;bottom:1052px;letter-spacing:-0.04px;word-spacing:0.02px;display:inline;\">Em 31 de dezembro de 2025 e 2024, a composi\u00e7\u00e3o desta rubrica \u00e9 como segue: </div><table><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_57\" id=\"t6_57\" style=\"left:747px;bottom:1015px;letter-spacing:-0.25px;display:inline;\">euros </div></td></tr><tr><td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"t7_57\" style=\"left:644px;bottom:999px;letter-spacing:-0.33px;display:inline;\">2025 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"t8_57\" style=\"left:750px;bottom:999px;letter-spacing:-0.33px;display:inline;\">2024 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"t9_57\" style=\"left:156px;bottom:969px;letter-spacing:-0.27px;word-spacing:0.13px;display:inline;\">Resultados Transitados </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"ta_57\" style=\"left:603px;bottom:969px;letter-spacing:-0.26px;display:inline;\">135.169.925 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tb_57\" style=\"left:709px;bottom:969px;letter-spacing:-0.27px;display:inline;\">110.945.176 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tc_57\" style=\"left:156px;bottom:954px;letter-spacing:-0.26px;word-spacing:0.26px;display:inline;\">Resultado l\u00edquido </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"td_57\" style=\"left:617px;bottom:955px;letter-spacing:-0.26px;display:inline;\">2.100.757 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"te_57\" style=\"left:716px;bottom:955px;letter-spacing:-0.25px;display:inline;\">24.224.749 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tf_57\" style=\"left:156px;bottom:940px;letter-spacing:-0.24px;word-spacing:0.03px;display:inline;\">Reservas livres </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tg_57\" style=\"left:603px;bottom:940px;letter-spacing:-0.26px;display:inline;\">105.209.244 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"th_57\" style=\"left:709px;bottom:940px;letter-spacing:-0.27px;display:inline;\">105.209.244 </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"ti_57\" style=\"left:156px;bottom:925px;letter-spacing:-0.28px;word-spacing:0.12px;display:inline;\">Ajustamentos de convers\u00e3o cambial (i) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tj_57\" style=\"left:626px;bottom:925px;letter-spacing:-0.24px;display:inline;\">(42.047) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tk_57\" style=\"left:732px;bottom:925px;letter-spacing:-0.24px;display:inline;\">(42.273) </div></td></tr><tr><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tl_57\" style=\"left:156px;bottom:910px;letter-spacing:-0.25px;word-spacing:0.03px;display:inline;\">Perdas reconhecidas diretamente no capital pr\u00f3prio, l\u00edquidas (ii) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tm_57\" style=\"left:592px;bottom:911px;letter-spacing:-0.26px;display:inline;\">(188.796.215) </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s5_57\" id=\"tn_57\" style=\"left:698px;bottom:911px;letter-spacing:-0.26px;display:inline;\">(188.774.707) </div></td></tr><tr><td class=\"tcs-selection-enabled emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"to_57\" style=\"left:603px;bottom:895px;letter-spacing:-0.3px;display:inline;\">53.641.665 </div></td><td colspan=\"1\" rowspan=\"1\"><div class=\"t s4_57\" id=\"tp_57\" style=\"left:709px;bottom:895px;letter-spacing:-0.33px;display:inline;\">51.562.190 </div></td></tr></table>\n<div class=\"t s0_57\" id=\"tq_57\" style=\"left:143px;bottom:840px;letter-spacing:-0.01px;word-spacing:0.58px;display:inline;\">(i) A varia\u00e7\u00e3o desta rubrica reflete essencialmente o efeito cambial decorrente da transposi\u00e7\u00e3o da </div><div class=\"t s0_57\" id=\"tr_57\" style=\"left:143px;bottom:817px;letter-spacing:-0.02px;word-spacing:-0.17px;display:inline;\">subsidi\u00e1ria PHAROL Brasil. </div><div class=\"t s0_57\" id=\"ts_57\" style=\"left:143px;bottom:779px;letter-spacing:-0.02px;word-spacing:4.4px;display:inline;\">(ii) Em 31 de dezembro de 2025 e 2024, com a aplica\u00e7\u00e3o da IFRS 9 esta r\u00fabrica reflete </div><div class=\"t s0_57\" id=\"tt_57\" style=\"left:143px;bottom:755px;letter-spacing:-0.02px;word-spacing:3.91px;display:inline;\">essencialmente o investimento na Oi, que se passou a qualificar como um investimento em </div><div class=\"t s0_57\" id=\"tu_57\" style=\"left:143px;bottom:732px;letter-spacing:-0.03px;word-spacing:2.73px;display:inline;\">instrumentos de capital pr\u00f3prio ao justo valor atrav\u00e9s do outro rendimento integral em 31 de </div><div class=\"t s0_57\" id=\"tv_57\" style=\"left:143px;bottom:708px;letter-spacing:-0.03px;word-spacing:3.84px;display:inline;\">dezembro de 2017, data a partir da qual todas as varia\u00e7\u00f5es de justo valor ocorridas nesse </div><span>investimento passaram a ser reconhecidas no capital pr\u00f3prio. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00233": {
   "value": "<span>18. </span><div class=\"t s2_57\" id=\"ty_57\" style=\"left:169px;bottom:615px;letter-spacing:0.23px;word-spacing:-0.11px;display:inline;\">Demonstra\u00e7\u00e3o Consolidada dos Fluxos de Caixa </div><div class=\"t s6_57\" id=\"tz_57\" style=\"left:164px;bottom:580px;letter-spacing:-0.05px;display:inline;\">a) </div><div class=\"t s6_57\" id=\"t10_57\" style=\"left:190px;bottom:580px;letter-spacing:-0.06px;word-spacing:0.12px;display:inline;\">Pagamentos a fornecedores </div><div class=\"t s0_57\" id=\"t11_57\" style=\"left:143px;bottom:542px;letter-spacing:-0.03px;word-spacing:1.96px;display:inline;\">Nos exerc\u00edcios de 2025 e 2024, os pagamentos a fornecedores dizem principalmente respeito a </div><div class=\"t s0_57\" id=\"t12_57\" style=\"left:143px;bottom:519px;letter-spacing:-0.02px;word-spacing:2.45px;display:inline;\">pagamentos efetuados relacionados com fornecedores de trabalhos especializados e consultoria </div><div class=\"t s0_57\" id=\"t13_57\" style=\"left:143px;bottom:495px;letter-spacing:-0.01px;display:inline;\">jur\u00eddica. </div><div class=\"t s6_57\" id=\"t14_57\" style=\"left:164px;bottom:457px;letter-spacing:-0.06px;display:inline;\">b) </div><div class=\"t s6_57\" id=\"t15_57\" style=\"left:190px;bottom:457px;letter-spacing:-0.04px;word-spacing:0.03px;display:inline;\">Outros recebimentos (pagamentos), l\u00edquidos </div><div class=\"t s0_57\" id=\"t16_57\" style=\"left:143px;bottom:420px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">No ano de 2025 e 2024, outros recebimentos e pagamentos l\u00edquidos incluem essencialmente valores </div><div class=\"t s0_57\" id=\"t17_57\" style=\"left:143px;bottom:396px;letter-spacing:-0.04px;word-spacing:0.29px;display:inline;\">recebidos e pagos no \u00e2mbito dos processos com a Autoridade Tribut\u00e1ria e respetivas comiss\u00f5es de </div><div class=\"t s0_57\" id=\"t18_57\" style=\"left:143px;bottom:372px;letter-spacing:-0.01px;word-spacing:-0.18px;display:inline;\">garantias banc\u00e1rias pagas. </div><div class=\"t s6_57\" id=\"t19_57\" style=\"left:164px;bottom:334px;letter-spacing:-0.16px;display:inline;\">c) </div><div class=\"t s6_57\" id=\"t1a_57\" style=\"left:190px;bottom:334px;letter-spacing:-0.05px;word-spacing:0.08px;display:inline;\">Realiza\u00e7\u00f5es de Capital e outros instrumentos de capital pr\u00f3prio </div><div class=\"t s0_57\" id=\"t1b_57\" style=\"left:143px;bottom:297px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">Nos anos de 2025 e 2024, esta r\u00fabrica diz respeito \u00e0 venda de a\u00e7\u00f5es da empresa Oi S.A. </div><div class=\"t s6_57\" id=\"t1c_57\" style=\"left:164px;bottom:259px;letter-spacing:-0.06px;display:inline;\"><span>d) </span></div><div class=\"t s6_57\" id=\"t1d_57\" style=\"left:190px;bottom:259px;letter-spacing:-0.06px;word-spacing:0.08px;display:inline;\">Caixa e equivalentes de caixa no fim do per\u00edodo </div><div class=\"t s0_57\" id=\"t1e_57\" style=\"left:143px;bottom:221px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><div></div><table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_58\" id=\"t3_58\" style=\"left:747px;bottom:1089px;letter-spacing:-0.25px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"t4_58\" style=\"left:610px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"t5_58\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"t6_58\" style=\"left:155px;bottom:1043px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Caixa e equivalentes de caixa </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"t7_58\" style=\"left:155px;bottom:1028px;letter-spacing:-0.25px;display:inline;\">Caixa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"t8_58\" style=\"left:620px;bottom:1028px;letter-spacing:-0.22px;display:inline;\">875 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"t9_58\" style=\"left:749px;bottom:1028px;letter-spacing:-0.21px;display:inline;\">4.621 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"ta_58\" style=\"left:155px;bottom:1014px;letter-spacing:-0.29px;word-spacing:0.15px;display:inline;\">Dep\u00f3sitos \u00e0 ordem </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tb_58\" style=\"left:594px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">436.136 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tc_58\" style=\"left:735px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">294.583 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"td_58\" style=\"left:155px;bottom:999px;letter-spacing:-0.29px;word-spacing:0.21px;display:inline;\">Dep\u00f3sitos a Prazo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"te_58\" style=\"left:575px;bottom:999px;letter-spacing:-0.26px;display:inline;\">11.120.000 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tf_58\" style=\"left:716px;bottom:999px;letter-spacing:-0.26px;display:inline;\">13.600.600 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tg_58\" style=\"left:155px;bottom:985px;letter-spacing:-0.26px;word-spacing:0.02px;display:inline;\">Fundo de Tesouraria (i) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"th_58\" style=\"left:583px;bottom:985px;letter-spacing:-0.26px;display:inline;\">3.415.636 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"ti_58\" style=\"left:723px;bottom:985px;letter-spacing:-0.26px;display:inline;\">2.061.648 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"tj_58\" style=\"left:569px;bottom:969px;letter-spacing:-0.3px;display:inline;\">14.972.647 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"tk_58\" style=\"left:709px;bottom:969px;letter-spacing:-0.3px;display:inline;\">15.961.453 </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_58\" id=\"tl_58\" style=\"left:143px;bottom:915px;letter-spacing:-0.03px;word-spacing:-0.4px;display:inline;\">(i) A 31 de dezembro de 2025, este fundo \u00e9 referente a uma aplica\u00e7\u00e3o de 3,4 milh\u00f5es de euros num </div><div class=\"t s0_58\" id=\"tm_58\" style=\"left:143px;bottom:891px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">fundo de mercado monet\u00e1rio com valor l\u00edquido vari\u00e1vel (Short-term VNAV) e liquidez de 1 dia, de </div><div class=\"t s0_58\" id=\"tn_58\" style=\"left:143px;bottom:867px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">acordo com as pol\u00edticas de tesouraria definidas pela empresa. Durante o ano de 2025, este fundo </div><span>teve um refor\u00e7o no valor 1,3 milh\u00f5es de Euros.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00234": {
   "value": "<span>d) </span><div class=\"t s6_57\" id=\"t1d_57\" style=\"left:190px;bottom:259px;letter-spacing:-0.06px;word-spacing:0.08px;display:inline;\">Caixa e equivalentes de caixa no fim do per\u00edodo </div><div class=\"t s0_57\" id=\"t1e_57\" style=\"left:143px;bottom:221px;letter-spacing:-0.04px;display:inline;\">Em 31 de dezembro de 2025 e 2024, esta rubrica tem a seguinte composi\u00e7\u00e3o: </div><div></div>\n\n<table>\n\t\n\t\t<tr>\n\t\t\t<td>                                            \u00a0</td>\n\t\t\t<td>                                        \u00a0</td>\n\t\t</tr>\n\t\n\t\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s1_58\" id=\"t3_58\" style=\"left:747px;bottom:1089px;letter-spacing:-0.25px;display:inline;\">euros </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"t4_58\" style=\"left:610px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2025 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"t5_58\" style=\"left:750px;bottom:1073px;letter-spacing:-0.33px;display:inline;\">2024 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"t6_58\" style=\"left:155px;bottom:1043px;letter-spacing:-0.27px;word-spacing:-0.09px;display:inline;\">Caixa e equivalentes de caixa </div></td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"t7_58\" style=\"left:155px;bottom:1028px;letter-spacing:-0.25px;display:inline;\">Caixa </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"t8_58\" style=\"left:620px;bottom:1028px;letter-spacing:-0.22px;display:inline;\">875 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"t9_58\" style=\"left:749px;bottom:1028px;letter-spacing:-0.21px;display:inline;\">4.621 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"ta_58\" style=\"left:155px;bottom:1014px;letter-spacing:-0.29px;word-spacing:0.15px;display:inline;\">Dep\u00f3sitos \u00e0 ordem </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tb_58\" style=\"left:594px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">436.136 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tc_58\" style=\"left:735px;bottom:1014px;letter-spacing:-0.23px;display:inline;\">294.583 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"td_58\" style=\"left:155px;bottom:999px;letter-spacing:-0.29px;word-spacing:0.21px;display:inline;\">Dep\u00f3sitos a Prazo </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"te_58\" style=\"left:575px;bottom:999px;letter-spacing:-0.26px;display:inline;\">11.120.000 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tf_58\" style=\"left:716px;bottom:999px;letter-spacing:-0.26px;display:inline;\">13.600.600 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"tg_58\" style=\"left:155px;bottom:985px;letter-spacing:-0.26px;word-spacing:0.02px;display:inline;\">Fundo de Tesouraria (i) </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"th_58\" style=\"left:583px;bottom:985px;letter-spacing:-0.26px;display:inline;\">3.415.636 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s3_58\" id=\"ti_58\" style=\"left:723px;bottom:985px;letter-spacing:-0.26px;display:inline;\">2.061.648 </div></td>\n\t\t</tr>\n\t\t<tr>\n\t\t\t<td class=\"emptyTDSTag\" colspan=\"1\" rowspan=\"1\"> \u00a0</td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"tj_58\" style=\"left:569px;bottom:969px;letter-spacing:-0.3px;display:inline;\">14.972.647 </div></td>\n\t\t\t<td colspan=\"1\" rowspan=\"1\"><div class=\"t s2_58\" id=\"tk_58\" style=\"left:709px;bottom:969px;letter-spacing:-0.3px;display:inline;\">15.961.453 </div></td>\n\t\t</tr>\n\t\n</table>\n<div class=\"t s0_58\" id=\"tl_58\" style=\"left:143px;bottom:915px;letter-spacing:-0.03px;word-spacing:-0.4px;display:inline;\">(i) A 31 de dezembro de 2025, este fundo \u00e9 referente a uma aplica\u00e7\u00e3o de 3,4 milh\u00f5es de euros num </div><div class=\"t s0_58\" id=\"tm_58\" style=\"left:143px;bottom:891px;letter-spacing:-0.02px;word-spacing:0.6px;display:inline;\">fundo de mercado monet\u00e1rio com valor l\u00edquido vari\u00e1vel (Short-term VNAV) e liquidez de 1 dia, de </div><div class=\"t s0_58\" id=\"tn_58\" style=\"left:143px;bottom:867px;letter-spacing:-0.02px;word-spacing:0.75px;display:inline;\">acordo com as pol\u00edticas de tesouraria definidas pela empresa. Durante o ano de 2025, este fundo </div><span>teve um refor\u00e7o no valor 1,3 milh\u00f5es de Euros.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00236": {
   "value": "<span>19. </span><div class=\"t s5_58\" id=\"tq_58\" style=\"left:169px;bottom:766px;letter-spacing:0.2px;word-spacing:-0.03px;display:inline;\">Partes relacionadas </div><div class=\"t s0_58\" id=\"tr_58\" style=\"left:143px;bottom:732px;letter-spacing:-0.01px;word-spacing:5.74px;display:inline;\">Durante os per\u00edodos findos em 31 de dezembro de 2025 e 2024, as remunera\u00e7\u00f5es dos </div><div class=\"t s0_58\" id=\"ts_58\" style=\"left:143px;bottom:708px;letter-spacing:-0.03px;word-spacing:0.88px;display:inline;\">administradores, as quais foram estabelecidas pela Comiss\u00e3o de Vencimentos, ascenderam a 452 </div><div class=\"t s0_58\" id=\"tt_58\" style=\"left:143px;bottom:685px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">mil Euros e a 241 mil Euros, respetivamente. </div><div class=\"t s0_58\" id=\"tu_58\" style=\"left:143px;bottom:647px;letter-spacing:-0.04px;word-spacing:0.15px;display:inline;\">Em 31 de dezembro de 2025 e 2024, n\u00e3o estava em vigor qualquer programa de pagamentos com </div><span>base em a\u00e7\u00f5es nem qualquer programa de compensa\u00e7\u00e3o por t\u00e9rmino de servi\u00e7o.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00235": {
   "value": "<span>19. </span><div class=\"t s5_58\" id=\"tq_58\" style=\"left:169px;bottom:766px;letter-spacing:0.2px;word-spacing:-0.03px;display:inline;\">Partes relacionadas </div><div class=\"t s0_58\" id=\"tr_58\" style=\"left:143px;bottom:732px;letter-spacing:-0.01px;word-spacing:5.74px;display:inline;\">Durante os per\u00edodos findos em 31 de dezembro de 2025 e 2024, as remunera\u00e7\u00f5es dos </div><div class=\"t s0_58\" id=\"ts_58\" style=\"left:143px;bottom:708px;letter-spacing:-0.03px;word-spacing:0.88px;display:inline;\">administradores, as quais foram estabelecidas pela Comiss\u00e3o de Vencimentos, ascenderam a 452 </div><div class=\"t s0_58\" id=\"tt_58\" style=\"left:143px;bottom:685px;letter-spacing:-0.02px;word-spacing:-0.08px;display:inline;\">mil Euros e a 241 mil Euros, respetivamente. </div><div class=\"t s0_58\" id=\"tu_58\" style=\"left:143px;bottom:647px;letter-spacing:-0.04px;word-spacing:0.15px;display:inline;\">Em 31 de dezembro de 2025 e 2024, n\u00e3o estava em vigor qualquer programa de pagamentos com </div><span>base em a\u00e7\u00f5es nem qualquer programa de compensa\u00e7\u00e3o por t\u00e9rmino de servi\u00e7o.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00218": {
   "value": "<span>21. </span><div class=\"t s2_60\" id=\"t4_60\" style=\"left:169px;bottom:1086px;letter-spacing:0.22px;word-spacing:-0.22px;display:inline;\">Instrumentos Financeiros </div><div class=\"t s1_60\" id=\"t5_60\" style=\"left:143px;bottom:1060px;letter-spacing:-0.08px;display:inline;\">21.1. </div><div class=\"t s2_60\" id=\"t6_60\" style=\"left:195px;bottom:1059px;letter-spacing:0.19px;word-spacing:-0.2px;display:inline;\">Riscos financeiros </div><div class=\"t s0_60\" id=\"t7_60\" style=\"left:143px;bottom:1025px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">A PHAROL encontra-se exposta essencialmente a (i) riscos de mercado relacionados com altera\u00e7\u00f5es </div><div class=\"t s0_60\" id=\"t8_60\" style=\"left:143px;bottom:1002px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">nas taxas de c\u00e2mbio, altera\u00e7\u00f5es nas taxas de juro e altera\u00e7\u00f5es de pre\u00e7os e cota\u00e7\u00f5es e (ii) riscos de </div><div class=\"t s0_60\" id=\"t9_60\" style=\"left:143px;bottom:978px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">cr\u00e9dito. O objetivo da gest\u00e3o de risco da PHAROL \u00e9 o de reduzir estes riscos a um n\u00edvel aceit\u00e1vel. </div><div class=\"t s2_60\" id=\"ta_60\" style=\"left:143px;bottom:938px;letter-spacing:0.16px;display:inline;\"><span>21.1.1. </span></div><div class=\"t s2_60\" id=\"tb_60\" style=\"left:247px;bottom:938px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Riscos de Mercado </div><div class=\"t s0_60\" id=\"tc_60\" style=\"left:143px;bottom:904px;letter-spacing:-0.02px;word-spacing:-0.56px;display:inline;\">Os riscos de mercado consistem nas perdas que podem ocorrer em resultado de altera\u00e7\u00f5es de taxas </div><div class=\"t s0_60\" id=\"td_60\" style=\"left:143px;bottom:881px;letter-spacing:-0.02px;word-spacing:3.75px;display:inline;\">(de juro ou de c\u00e2mbio) e/ou dos pre\u00e7os e cota\u00e7\u00f5es dos diferentes instrumentos financeiros, </div><div class=\"t s0_60\" id=\"te_60\" style=\"left:143px;bottom:857px;letter-spacing:-0.02px;word-spacing:-0.58px;display:inline;\">considerando n\u00e3o s\u00f3 as correla\u00e7\u00f5es existentes entre estes, mas tamb\u00e9m as respetivas volatilidades. </div><div class=\"t s0_60\" id=\"tf_60\" style=\"left:143px;bottom:819px;letter-spacing:-0.02px;word-spacing:1.39px;display:inline;\">Os riscos de taxa de c\u00e2mbio est\u00e3o essencialmente relacionados com as opera\u00e7\u00f5es das empresas </div><div class=\"t s0_60\" id=\"tg_60\" style=\"left:143px;bottom:796px;letter-spacing:-0.02px;word-spacing:4.72px;display:inline;\">participadas, com os investimentos em instrumentos financeiros em moeda estrangeira que </div><div class=\"t s0_60\" id=\"th_60\" style=\"left:143px;bottom:772px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">integram as carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, e com os investimentos da PHAROL </div><div class=\"t s0_60\" id=\"ti_60\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">no Brasil que deixaram de existir em 2025. </div><div class=\"t s0_60\" id=\"tj_60\" style=\"left:143px;bottom:710px;letter-spacing:-0.02px;word-spacing:2.5px;display:inline;\">Relativamente aos riscos dos pre\u00e7os e cota\u00e7\u00f5es, que est\u00e3o essencialmente relacionados com a </div><div class=\"t s0_60\" id=\"tk_60\" style=\"left:143px;bottom:687px;letter-spacing:-0.04px;word-spacing:0.78px;display:inline;\">carteira de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, o Grupo estabeleceu crit\u00e9rios e limites \u00e0 gest\u00e3o </div><div class=\"t s0_60\" id=\"tl_60\" style=\"left:143px;bottom:663px;letter-spacing:-0.03px;word-spacing:1.6px;display:inline;\">discricion\u00e1ria que foi dada \u00e0s entidades banc\u00e1rias que efetuam a gest\u00e3o destas carteiras. Tendo </div><div class=\"t s0_60\" id=\"tm_60\" style=\"left:143px;bottom:640px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">assim estabelecido, os seguintes limites: </div><div class=\"t s0_60\" id=\"tn_60\" style=\"left:143px;bottom:602px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">1. Para duas carteiras constitu\u00eddas em Agosto de 2022, no valor 10 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"to_60\" style=\"left:169px;bottom:565px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tp_60\" style=\"left:195px;bottom:564px;letter-spacing:-0.04px;word-spacing:1.12px;display:inline;\">Rating m\u00ednimo de investimento: entidades Investment Grade (igual ou superior a BBB ou </div><div class=\"t s0_60\" id=\"tq_60\" style=\"left:195px;bottom:540px;letter-spacing:-0.05px;word-spacing:0.09px;display:inline;\">similar, no caso da Moody\u2019s). </div><div class=\"t s3_60\" id=\"tr_60\" style=\"left:169px;bottom:517px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ts_60\" style=\"left:195px;bottom:517px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"tt_60\" style=\"left:195px;bottom:493px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"tu_60\" style=\"left:169px;bottom:470px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tv_60\" style=\"left:195px;bottom:470px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"tw_60\" style=\"left:195px;bottom:446px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"tx_60\" style=\"left:169px;bottom:423px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ty_60\" style=\"left:195px;bottom:423px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"tz_60\" style=\"left:169px;bottom:400px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t10_60\" style=\"left:195px;bottom:399px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Liquidez: at\u00e9 5 dias \u00fateis. </div><div class=\"t s0_60\" id=\"t11_60\" style=\"left:143px;bottom:338px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">2. Para duas carteiras constitu\u00eddas em agosto de 2023, no valor 15 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"t12_60\" style=\"left:169px;bottom:300px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t13_60\" style=\"left:195px;bottom:300px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">Rating m\u00ednimo de investimento: 70% Investment grade (igual ou superior a BBB ou similar, </div><div class=\"t s0_60\" id=\"t14_60\" style=\"left:195px;bottom:276px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">no caso da Moody\u2019s) e 30% High yield </div><div class=\"t s3_60\" id=\"t15_60\" style=\"left:169px;bottom:253px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t16_60\" style=\"left:195px;bottom:253px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"t17_60\" style=\"left:195px;bottom:229px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"t18_60\" style=\"left:169px;bottom:206px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t19_60\" style=\"left:195px;bottom:205px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"t1a_60\" style=\"left:195px;bottom:182px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"t1b_60\" style=\"left:169px;bottom:159px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t1c_60\" style=\"left:195px;bottom:158px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"t1d_60\" style=\"left:169px;bottom:135px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t1e_60\" style=\"left:195px;bottom:135px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\"><span>Liquidez: at\u00e9 5 dias \u00fateis.</span> </div><div></div><div class=\"t s1_61\" id=\"t3_61\" style=\"left:143px;bottom:1086px;letter-spacing:0.16px;display:inline;\"><span>21.1.2. </span></div><div class=\"t s1_61\" id=\"t4_61\" style=\"left:247px;bottom:1086px;letter-spacing:0.18px;word-spacing:-0.02px;display:inline;\">Risco de Cr\u00e9dito </div><div class=\"t s0_61\" id=\"t5_61\" style=\"left:143px;bottom:1052px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">O risco de cr\u00e9dito est\u00e1 essencialmente relacionado com o risco de uma contraparte falhar nas suas </div><div class=\"t s0_61\" id=\"t6_61\" style=\"left:143px;bottom:1028px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">obriga\u00e7\u00f5es contratuais, resultando numa perda financeira para a PHAROL. A PHAROL est\u00e1 sujeita </div><div class=\"t s0_61\" id=\"t7_61\" style=\"left:143px;bottom:1005px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">essencialmente ao risco de cr\u00e9dito nas suas atividades operacionais e de tesouraria. </div><div class=\"t s0_61\" id=\"t8_61\" style=\"left:143px;bottom:967px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">Os crit\u00e9rios utilizados para calcular os ajustamentos para contas a receber t\u00eam por base a realiza\u00e7\u00e3o </div><div class=\"t s0_61\" id=\"t9_61\" style=\"left:143px;bottom:943px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">de an\u00e1lises de recuperabilidade dos valores a receber numa base regular. </div><div class=\"t s0_61\" id=\"ta_61\" style=\"left:143px;bottom:905px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">A 31 de dezembro de 2025, os saldos a receber n\u00e3o s\u00e3o considerados relevantes. </div><div class=\"t s0_61\" id=\"tb_61\" style=\"left:143px;bottom:867px;letter-spacing:-0.03px;word-spacing:2.2px;display:inline;\">Os riscos relacionados com atividades de tesouraria resultam essencialmente dos investimentos </div><div class=\"t s0_61\" id=\"tc_61\" style=\"left:143px;bottom:844px;letter-spacing:-0.03px;word-spacing:2.42px;display:inline;\">efetuados pelo Grupo em disponibilidades monet\u00e1rias. Conforme referido anteriormente, com o </div><div class=\"t s0_61\" id=\"td_61\" style=\"left:143px;bottom:820px;letter-spacing:-0.04px;word-spacing:6.44px;display:inline;\">objetivo de mitigar este risco, a PHAROL implementou uma pol\u00edtica de diversifica\u00e7\u00e3o de </div><div class=\"t s0_61\" id=\"te_61\" style=\"left:143px;bottom:796px;letter-spacing:-0.03px;word-spacing:3.39px;display:inline;\">investimentos em julho de 2014 em diante, de tal forma que o investimento numa entidade </div><div class=\"t s0_61\" id=\"tf_61\" style=\"left:143px;bottom:773px;letter-spacing:-0.03px;word-spacing:0.25px;display:inline;\">financeira n\u00e3o \u00e9 superior a 34% da totalidade das aplica\u00e7\u00f5es financeiras. Desta forma assegura-se </div><div class=\"t s0_61\" id=\"tg_61\" style=\"left:143px;bottom:749px;letter-spacing:-0.02px;word-spacing:-0.34px;display:inline;\">que os montantes s\u00e3o aplicados a curto prazo, junto de institui\u00e7\u00f5es financeiras diversificadas e com </div><div class=\"t s0_61\" id=\"th_61\" style=\"left:143px;bottom:726px;letter-spacing:-0.03px;word-spacing:-0.28px;display:inline;\">reputa\u00e7\u00e3o no mercado. Em 2022 e novamente em 2025, de forma a reajustar as pol\u00edticas com base </div><div class=\"t s0_61\" id=\"ti_61\" style=\"left:143px;bottom:702px;letter-spacing:-0.01px;word-spacing:2.83px;display:inline;\">na gest\u00e3o de carteira ativa, face \u00e0s carteiras de obriga\u00e7\u00f5es e a\u00e7\u00f5es poderem ser geridas por </div><div class=\"t s0_61\" id=\"tj_61\" style=\"left:143px;bottom:679px;letter-spacing:-0.03px;word-spacing:1.76px;display:inline;\">entidades banc\u00e1rias, estes limites foram revistos e mais detalhados. Desta forma, mant\u00e9m-se o </div><div class=\"t s0_61\" id=\"tk_61\" style=\"left:143px;bottom:655px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">limite de concentra\u00e7\u00e3o de 33,3% para dep\u00f3sitos \u00e0 ordem e dep\u00f3sitos a prazo por entidade banc\u00e1ria, </div><div class=\"t s0_61\" id=\"tl_61\" style=\"left:143px;bottom:631px;letter-spacing:-0.02px;word-spacing:0.94px;display:inline;\">sendo que o montante investido em carteira de gest\u00e3o de ativos com gest\u00e3o da mesma entidade </div><div class=\"t s0_61\" id=\"tm_61\" style=\"left:143px;bottom:608px;letter-spacing:-0.04px;word-spacing:-0.01px;display:inline;\">banc\u00e1ria, n\u00e3o contabilizar\u00e1 para este limite de 33,3%. </div><div class=\"t s0_61\" id=\"tn_61\" style=\"left:143px;bottom:570px;letter-spacing:-0.01px;word-spacing:-0.61px;display:inline;\">Adicionalmente e de forma a estabelecer-se limites de concentra\u00e7\u00e3o no investimento inicial tamb\u00e9m </div><div class=\"t s0_61\" id=\"to_61\" style=\"left:143px;bottom:547px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">na gest\u00e3o de ativos, estabeleceu-se um limite m\u00e1ximo de gest\u00e3o de carteiras por entidade banc\u00e1ria </div><div class=\"t s0_61\" id=\"tp_61\" style=\"left:143px;bottom:523px;letter-spacing:0.02px;word-spacing:-0.2px;display:inline;\">de 2/3. </div><div class=\"t s0_61\" id=\"tq_61\" style=\"left:143px;bottom:485px;letter-spacing:-0.03px;word-spacing:1.13px;display:inline;\">A PHAROL est\u00e1 tamb\u00e9m sujeita a risco de cr\u00e9dito no seu investimento na Rio Forte Investments, </div><div class=\"t s0_61\" id=\"tr_61\" style=\"left:143px;bottom:462px;letter-spacing:-0.02px;word-spacing:1.43px;display:inline;\">tendo ajustado o seu valor em conformidade. Em novembro de 2023, os curadores da Rio Forte </div><div class=\"t s0_61\" id=\"ts_61\" style=\"left:143px;bottom:438px;letter-spacing:-0.03px;word-spacing:1.46px;display:inline;\">decidiram que o cr\u00e9dito de insolv\u00eancia da Rio Forte Investments apresentado pela PHAROL seria </div><div class=\"t s0_61\" id=\"tt_61\" style=\"left:143px;bottom:414px;letter-spacing:-0.03px;word-spacing:0.93px;display:inline;\">submetido, por uma medida de prud\u00eancia, ao Tribunal de Com\u00e9rcio (</div><div class=\"t s2_61\" id=\"tu_61\" style=\"left:603px;bottom:414px;letter-spacing:-0.04px;display:inline;\">uniformizar</div><div class=\"t s0_61\" id=\"tv_61\" style=\"left:677px;bottom:414px;letter-spacing:-0.04px;word-spacing:1px;display:inline;\">) do Luxemburgo </div><div class=\"t s0_61\" id=\"tw_61\" style=\"left:143px;bottom:391px;letter-spacing:-0.02px;word-spacing:0.64px;display:inline;\">para decis\u00e3o sobre a sua admiss\u00e3o ao passivo de insolv\u00eancia (Nota 13). J\u00e1 em 13 de fevereiro de </div><div class=\"t s0_61\" id=\"tx_61\" style=\"left:143px;bottom:367px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">2026, a PHAROL o Tribunal reconheceu o cr\u00e9dito da PHAROL sobre a massa insolvente da Rio Forte </div><div class=\"t s0_61\" id=\"ty_61\" style=\"left:143px;bottom:344px;letter-spacing:-0.03px;word-spacing:0.83px;display:inline;\">no montante de capital de 750 milh\u00f5es de Euros, a ser acrescido dos juros devidos at\u00e9 \u00e0 data de </div><div class=\"t s0_61\" id=\"tz_61\" style=\"left:143px;bottom:320px;letter-spacing:-0.02px;word-spacing:2.32px;display:inline;\">abertura do processo de insolv\u00eancia. Assim o valor total de cr\u00e9dito da PHAROL sobre a massa </div><div class=\"t s0_61\" id=\"t10_61\" style=\"left:143px;bottom:297px;letter-spacing:-0.01px;word-spacing:-0.77px;display:inline;\">insolvente da Rio Forte mant\u00e9m-se em 897 milh\u00f5es de euros e respetivos juros legais, como sempre </div><div class=\"t s0_61\" id=\"t11_61\" style=\"left:143px;bottom:273px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">reclamado desde 2014. </div><div class=\"t s0_61\" id=\"t12_61\" style=\"left:143px;bottom:235px;letter-spacing:-0.02px;word-spacing:1.8px;display:inline;\">Ainda no \u00e2mbito do cr\u00e9dito sobre a Rio Forte, em janeiro de 2019, a PHAROL foi intimada pela </div><div class=\"t s0_61\" id=\"t13_61\" style=\"left:143px;bottom:212px;letter-spacing:-0.04px;word-spacing:3.93px;display:inline;\">curadoria da Esp\u00edrito Santo International, S.A., como medida de precau\u00e7\u00e3o para interromper </div><div class=\"t s0_61\" id=\"t14_61\" style=\"left:143px;bottom:188px;letter-spacing:-0.03px;word-spacing:1.32px;display:inline;\">qualquer per\u00edodo de prescri\u00e7\u00e3o, tendo em vista uma eventual anula\u00e7\u00e3o de pagamentos de Notes </div><div class=\"t s0_61\" id=\"t15_61\" style=\"left:143px;bottom:164px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">efetuados pela ESI durante o m\u00eas de janeiro de 2014 no montante de 750 milh\u00f5es de Euros. </div><div class=\"t s0_61\" id=\"t16_61\" style=\"left:143px;bottom:126px;letter-spacing:-0.03px;word-spacing:1.1px;display:inline;\">Tamb\u00e9m a 13 de janeiro de 2026, o Tribunal decidiu que neste processo a PHAROL n\u00e3o tem que </div><div class=\"t s0_61\" id=\"t17_61\" style=\"left:143px;bottom:103px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">devolver quaisquer quantias \u00e0 ESI. </div><div></div><div class=\"t s0_62_166\" id=\"t3_62_166\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:1.35px;display:inline;\">As decis\u00f5es judiciais acima referidas s\u00e3o suscet\u00edveis de recurso no prazo de 40 dias contados da </div><div class=\"t s0_62_166\" id=\"t4_62_166\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;word-spacing:-0.63px;display:inline;\">Notifica\u00e7\u00e3o dos Curadores da Rio Forte e do Curador Ad Hoc. No entanto, a PHAROL considera muito </div><div class=\"t s0_62_166\" id=\"t5_62_166\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:-0.28px;display:inline;\">remota a probabilidade de se poder conseguir, com base nos factos alegados, qualquer condena\u00e7\u00e3o </div><div class=\"t s0_62_166\" id=\"t6_62_166\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:-0.58px;display:inline;\">da PHAROL nos termos intimados. Desta forma a PHAROL n\u00e3o constituiu qualquer provis\u00e3o nas suas </div><div class=\"t s0_62_166\" id=\"t7_62_166\" style=\"left:143px;bottom:994px;letter-spacing:-0.02px;word-spacing:-0.18px;display:inline;\">demonstra\u00e7\u00f5es financeiras (ver Nota 13). </div><div class=\"t s0_62_166\" id=\"t8_62_166\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:2.47px;display:inline;\">A PHAROL encontra-se tamb\u00e9m sujeita ao risco de cr\u00e9dito da Oi, uma vez que no \u00e2mbito dos </div><div class=\"t s0_62_166\" id=\"t9_62_166\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:6.09px;display:inline;\">contratos celebrados, compete a esta o pagamento das responsabilidades resultantes das </div><div class=\"t s0_62_166\" id=\"ta_62_166\" style=\"left:143px;bottom:909px;letter-spacing:-0.03px;word-spacing:4.21px;display:inline;\">conting\u00eancias fiscais originadas at\u00e9 5 de maio de 2014, ainda que a PHAROL seja tamb\u00e9m </div><span>solidariamente respons\u00e1vel. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00237": {
   "value": "<span>21. </span><div class=\"t s2_60\" id=\"t4_60\" style=\"left:169px;bottom:1086px;letter-spacing:0.22px;word-spacing:-0.22px;display:inline;\">Instrumentos Financeiros </div><div class=\"t s1_60\" id=\"t5_60\" style=\"left:143px;bottom:1060px;letter-spacing:-0.08px;display:inline;\">21.1. </div><div class=\"t s2_60\" id=\"t6_60\" style=\"left:195px;bottom:1059px;letter-spacing:0.19px;word-spacing:-0.2px;display:inline;\">Riscos financeiros </div><div class=\"t s0_60\" id=\"t7_60\" style=\"left:143px;bottom:1025px;letter-spacing:-0.02px;word-spacing:-0.42px;display:inline;\">A PHAROL encontra-se exposta essencialmente a (i) riscos de mercado relacionados com altera\u00e7\u00f5es </div><div class=\"t s0_60\" id=\"t8_60\" style=\"left:143px;bottom:1002px;letter-spacing:-0.03px;word-spacing:-0.03px;display:inline;\">nas taxas de c\u00e2mbio, altera\u00e7\u00f5es nas taxas de juro e altera\u00e7\u00f5es de pre\u00e7os e cota\u00e7\u00f5es e (ii) riscos de </div><div class=\"t s0_60\" id=\"t9_60\" style=\"left:143px;bottom:978px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">cr\u00e9dito. O objetivo da gest\u00e3o de risco da PHAROL \u00e9 o de reduzir estes riscos a um n\u00edvel aceit\u00e1vel. </div><div class=\"t s2_60\" id=\"ta_60\" style=\"left:143px;bottom:938px;letter-spacing:0.16px;display:inline;\"><span>21.1.1. </span></div><div class=\"t s2_60\" id=\"tb_60\" style=\"left:247px;bottom:938px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Riscos de Mercado </div><div class=\"t s0_60\" id=\"tc_60\" style=\"left:143px;bottom:904px;letter-spacing:-0.02px;word-spacing:-0.56px;display:inline;\">Os riscos de mercado consistem nas perdas que podem ocorrer em resultado de altera\u00e7\u00f5es de taxas </div><div class=\"t s0_60\" id=\"td_60\" style=\"left:143px;bottom:881px;letter-spacing:-0.02px;word-spacing:3.75px;display:inline;\">(de juro ou de c\u00e2mbio) e/ou dos pre\u00e7os e cota\u00e7\u00f5es dos diferentes instrumentos financeiros, </div><div class=\"t s0_60\" id=\"te_60\" style=\"left:143px;bottom:857px;letter-spacing:-0.02px;word-spacing:-0.58px;display:inline;\">considerando n\u00e3o s\u00f3 as correla\u00e7\u00f5es existentes entre estes, mas tamb\u00e9m as respetivas volatilidades. </div><div class=\"t s0_60\" id=\"tf_60\" style=\"left:143px;bottom:819px;letter-spacing:-0.02px;word-spacing:1.39px;display:inline;\">Os riscos de taxa de c\u00e2mbio est\u00e3o essencialmente relacionados com as opera\u00e7\u00f5es das empresas </div><div class=\"t s0_60\" id=\"tg_60\" style=\"left:143px;bottom:796px;letter-spacing:-0.02px;word-spacing:4.72px;display:inline;\">participadas, com os investimentos em instrumentos financeiros em moeda estrangeira que </div><div class=\"t s0_60\" id=\"th_60\" style=\"left:143px;bottom:772px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">integram as carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, e com os investimentos da PHAROL </div><div class=\"t s0_60\" id=\"ti_60\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">no Brasil que deixaram de existir em 2025. </div><div class=\"t s0_60\" id=\"tj_60\" style=\"left:143px;bottom:710px;letter-spacing:-0.02px;word-spacing:2.5px;display:inline;\">Relativamente aos riscos dos pre\u00e7os e cota\u00e7\u00f5es, que est\u00e3o essencialmente relacionados com a </div><div class=\"t s0_60\" id=\"tk_60\" style=\"left:143px;bottom:687px;letter-spacing:-0.04px;word-spacing:0.78px;display:inline;\">carteira de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, o Grupo estabeleceu crit\u00e9rios e limites \u00e0 gest\u00e3o </div><div class=\"t s0_60\" id=\"tl_60\" style=\"left:143px;bottom:663px;letter-spacing:-0.03px;word-spacing:1.6px;display:inline;\">discricion\u00e1ria que foi dada \u00e0s entidades banc\u00e1rias que efetuam a gest\u00e3o destas carteiras. Tendo </div><div class=\"t s0_60\" id=\"tm_60\" style=\"left:143px;bottom:640px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">assim estabelecido, os seguintes limites: </div><div class=\"t s0_60\" id=\"tn_60\" style=\"left:143px;bottom:602px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">1. Para duas carteiras constitu\u00eddas em Agosto de 2022, no valor 10 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"to_60\" style=\"left:169px;bottom:565px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tp_60\" style=\"left:195px;bottom:564px;letter-spacing:-0.04px;word-spacing:1.12px;display:inline;\">Rating m\u00ednimo de investimento: entidades Investment Grade (igual ou superior a BBB ou </div><div class=\"t s0_60\" id=\"tq_60\" style=\"left:195px;bottom:540px;letter-spacing:-0.05px;word-spacing:0.09px;display:inline;\">similar, no caso da Moody\u2019s). </div><div class=\"t s3_60\" id=\"tr_60\" style=\"left:169px;bottom:517px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ts_60\" style=\"left:195px;bottom:517px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"tt_60\" style=\"left:195px;bottom:493px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"tu_60\" style=\"left:169px;bottom:470px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tv_60\" style=\"left:195px;bottom:470px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"tw_60\" style=\"left:195px;bottom:446px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"tx_60\" style=\"left:169px;bottom:423px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ty_60\" style=\"left:195px;bottom:423px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"tz_60\" style=\"left:169px;bottom:400px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t10_60\" style=\"left:195px;bottom:399px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Liquidez: at\u00e9 5 dias \u00fateis. </div><div class=\"t s0_60\" id=\"t11_60\" style=\"left:143px;bottom:338px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">2. Para duas carteiras constitu\u00eddas em agosto de 2023, no valor 15 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"t12_60\" style=\"left:169px;bottom:300px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t13_60\" style=\"left:195px;bottom:300px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">Rating m\u00ednimo de investimento: 70% Investment grade (igual ou superior a BBB ou similar, </div><div class=\"t s0_60\" id=\"t14_60\" style=\"left:195px;bottom:276px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">no caso da Moody\u2019s) e 30% High yield </div><div class=\"t s3_60\" id=\"t15_60\" style=\"left:169px;bottom:253px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t16_60\" style=\"left:195px;bottom:253px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"t17_60\" style=\"left:195px;bottom:229px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"t18_60\" style=\"left:169px;bottom:206px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t19_60\" style=\"left:195px;bottom:205px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"t1a_60\" style=\"left:195px;bottom:182px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"t1b_60\" style=\"left:169px;bottom:159px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t1c_60\" style=\"left:195px;bottom:158px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"t1d_60\" style=\"left:169px;bottom:135px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t1e_60\" style=\"left:195px;bottom:135px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\"><span>Liquidez: at\u00e9 5 dias \u00fateis.</span> </div><div></div><div class=\"t s1_61\" id=\"t3_61\" style=\"left:143px;bottom:1086px;letter-spacing:0.16px;display:inline;\"><span>21.1.2. </span></div><div class=\"t s1_61\" id=\"t4_61\" style=\"left:247px;bottom:1086px;letter-spacing:0.18px;word-spacing:-0.02px;display:inline;\">Risco de Cr\u00e9dito </div><div class=\"t s0_61\" id=\"t5_61\" style=\"left:143px;bottom:1052px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">O risco de cr\u00e9dito est\u00e1 essencialmente relacionado com o risco de uma contraparte falhar nas suas </div><div class=\"t s0_61\" id=\"t6_61\" style=\"left:143px;bottom:1028px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">obriga\u00e7\u00f5es contratuais, resultando numa perda financeira para a PHAROL. A PHAROL est\u00e1 sujeita </div><div class=\"t s0_61\" id=\"t7_61\" style=\"left:143px;bottom:1005px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">essencialmente ao risco de cr\u00e9dito nas suas atividades operacionais e de tesouraria. </div><div class=\"t s0_61\" id=\"t8_61\" style=\"left:143px;bottom:967px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">Os crit\u00e9rios utilizados para calcular os ajustamentos para contas a receber t\u00eam por base a realiza\u00e7\u00e3o </div><div class=\"t s0_61\" id=\"t9_61\" style=\"left:143px;bottom:943px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">de an\u00e1lises de recuperabilidade dos valores a receber numa base regular. </div><div class=\"t s0_61\" id=\"ta_61\" style=\"left:143px;bottom:905px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">A 31 de dezembro de 2025, os saldos a receber n\u00e3o s\u00e3o considerados relevantes. </div><div class=\"t s0_61\" id=\"tb_61\" style=\"left:143px;bottom:867px;letter-spacing:-0.03px;word-spacing:2.2px;display:inline;\">Os riscos relacionados com atividades de tesouraria resultam essencialmente dos investimentos </div><div class=\"t s0_61\" id=\"tc_61\" style=\"left:143px;bottom:844px;letter-spacing:-0.03px;word-spacing:2.42px;display:inline;\">efetuados pelo Grupo em disponibilidades monet\u00e1rias. Conforme referido anteriormente, com o </div><div class=\"t s0_61\" id=\"td_61\" style=\"left:143px;bottom:820px;letter-spacing:-0.04px;word-spacing:6.44px;display:inline;\">objetivo de mitigar este risco, a PHAROL implementou uma pol\u00edtica de diversifica\u00e7\u00e3o de </div><div class=\"t s0_61\" id=\"te_61\" style=\"left:143px;bottom:796px;letter-spacing:-0.03px;word-spacing:3.39px;display:inline;\">investimentos em julho de 2014 em diante, de tal forma que o investimento numa entidade </div><div class=\"t s0_61\" id=\"tf_61\" style=\"left:143px;bottom:773px;letter-spacing:-0.03px;word-spacing:0.25px;display:inline;\">financeira n\u00e3o \u00e9 superior a 34% da totalidade das aplica\u00e7\u00f5es financeiras. Desta forma assegura-se </div><div class=\"t s0_61\" id=\"tg_61\" style=\"left:143px;bottom:749px;letter-spacing:-0.02px;word-spacing:-0.34px;display:inline;\">que os montantes s\u00e3o aplicados a curto prazo, junto de institui\u00e7\u00f5es financeiras diversificadas e com </div><div class=\"t s0_61\" id=\"th_61\" style=\"left:143px;bottom:726px;letter-spacing:-0.03px;word-spacing:-0.28px;display:inline;\">reputa\u00e7\u00e3o no mercado. Em 2022 e novamente em 2025, de forma a reajustar as pol\u00edticas com base </div><div class=\"t s0_61\" id=\"ti_61\" style=\"left:143px;bottom:702px;letter-spacing:-0.01px;word-spacing:2.83px;display:inline;\">na gest\u00e3o de carteira ativa, face \u00e0s carteiras de obriga\u00e7\u00f5es e a\u00e7\u00f5es poderem ser geridas por </div><div class=\"t s0_61\" id=\"tj_61\" style=\"left:143px;bottom:679px;letter-spacing:-0.03px;word-spacing:1.76px;display:inline;\">entidades banc\u00e1rias, estes limites foram revistos e mais detalhados. Desta forma, mant\u00e9m-se o </div><div class=\"t s0_61\" id=\"tk_61\" style=\"left:143px;bottom:655px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">limite de concentra\u00e7\u00e3o de 33,3% para dep\u00f3sitos \u00e0 ordem e dep\u00f3sitos a prazo por entidade banc\u00e1ria, </div><div class=\"t s0_61\" id=\"tl_61\" style=\"left:143px;bottom:631px;letter-spacing:-0.02px;word-spacing:0.94px;display:inline;\">sendo que o montante investido em carteira de gest\u00e3o de ativos com gest\u00e3o da mesma entidade </div><div class=\"t s0_61\" id=\"tm_61\" style=\"left:143px;bottom:608px;letter-spacing:-0.04px;word-spacing:-0.01px;display:inline;\">banc\u00e1ria, n\u00e3o contabilizar\u00e1 para este limite de 33,3%. </div><div class=\"t s0_61\" id=\"tn_61\" style=\"left:143px;bottom:570px;letter-spacing:-0.01px;word-spacing:-0.61px;display:inline;\">Adicionalmente e de forma a estabelecer-se limites de concentra\u00e7\u00e3o no investimento inicial tamb\u00e9m </div><div class=\"t s0_61\" id=\"to_61\" style=\"left:143px;bottom:547px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">na gest\u00e3o de ativos, estabeleceu-se um limite m\u00e1ximo de gest\u00e3o de carteiras por entidade banc\u00e1ria </div><div class=\"t s0_61\" id=\"tp_61\" style=\"left:143px;bottom:523px;letter-spacing:0.02px;word-spacing:-0.2px;display:inline;\">de 2/3. </div><div class=\"t s0_61\" id=\"tq_61\" style=\"left:143px;bottom:485px;letter-spacing:-0.03px;word-spacing:1.13px;display:inline;\">A PHAROL est\u00e1 tamb\u00e9m sujeita a risco de cr\u00e9dito no seu investimento na Rio Forte Investments, </div><div class=\"t s0_61\" id=\"tr_61\" style=\"left:143px;bottom:462px;letter-spacing:-0.02px;word-spacing:1.43px;display:inline;\">tendo ajustado o seu valor em conformidade. Em novembro de 2023, os curadores da Rio Forte </div><div class=\"t s0_61\" id=\"ts_61\" style=\"left:143px;bottom:438px;letter-spacing:-0.03px;word-spacing:1.46px;display:inline;\">decidiram que o cr\u00e9dito de insolv\u00eancia da Rio Forte Investments apresentado pela PHAROL seria </div><div class=\"t s0_61\" id=\"tt_61\" style=\"left:143px;bottom:414px;letter-spacing:-0.03px;word-spacing:0.93px;display:inline;\">submetido, por uma medida de prud\u00eancia, ao Tribunal de Com\u00e9rcio (</div><div class=\"t s2_61\" id=\"tu_61\" style=\"left:603px;bottom:414px;letter-spacing:-0.04px;display:inline;\">uniformizar</div><div class=\"t s0_61\" id=\"tv_61\" style=\"left:677px;bottom:414px;letter-spacing:-0.04px;word-spacing:1px;display:inline;\">) do Luxemburgo </div><div class=\"t s0_61\" id=\"tw_61\" style=\"left:143px;bottom:391px;letter-spacing:-0.02px;word-spacing:0.64px;display:inline;\">para decis\u00e3o sobre a sua admiss\u00e3o ao passivo de insolv\u00eancia (Nota 13). J\u00e1 em 13 de fevereiro de </div><div class=\"t s0_61\" id=\"tx_61\" style=\"left:143px;bottom:367px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">2026, a PHAROL o Tribunal reconheceu o cr\u00e9dito da PHAROL sobre a massa insolvente da Rio Forte </div><div class=\"t s0_61\" id=\"ty_61\" style=\"left:143px;bottom:344px;letter-spacing:-0.03px;word-spacing:0.83px;display:inline;\">no montante de capital de 750 milh\u00f5es de Euros, a ser acrescido dos juros devidos at\u00e9 \u00e0 data de </div><div class=\"t s0_61\" id=\"tz_61\" style=\"left:143px;bottom:320px;letter-spacing:-0.02px;word-spacing:2.32px;display:inline;\">abertura do processo de insolv\u00eancia. Assim o valor total de cr\u00e9dito da PHAROL sobre a massa </div><div class=\"t s0_61\" id=\"t10_61\" style=\"left:143px;bottom:297px;letter-spacing:-0.01px;word-spacing:-0.77px;display:inline;\">insolvente da Rio Forte mant\u00e9m-se em 897 milh\u00f5es de euros e respetivos juros legais, como sempre </div><div class=\"t s0_61\" id=\"t11_61\" style=\"left:143px;bottom:273px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">reclamado desde 2014. </div><div class=\"t s0_61\" id=\"t12_61\" style=\"left:143px;bottom:235px;letter-spacing:-0.02px;word-spacing:1.8px;display:inline;\">Ainda no \u00e2mbito do cr\u00e9dito sobre a Rio Forte, em janeiro de 2019, a PHAROL foi intimada pela </div><div class=\"t s0_61\" id=\"t13_61\" style=\"left:143px;bottom:212px;letter-spacing:-0.04px;word-spacing:3.93px;display:inline;\">curadoria da Esp\u00edrito Santo International, S.A., como medida de precau\u00e7\u00e3o para interromper </div><div class=\"t s0_61\" id=\"t14_61\" style=\"left:143px;bottom:188px;letter-spacing:-0.03px;word-spacing:1.32px;display:inline;\">qualquer per\u00edodo de prescri\u00e7\u00e3o, tendo em vista uma eventual anula\u00e7\u00e3o de pagamentos de Notes </div><div class=\"t s0_61\" id=\"t15_61\" style=\"left:143px;bottom:164px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">efetuados pela ESI durante o m\u00eas de janeiro de 2014 no montante de 750 milh\u00f5es de Euros. </div><div class=\"t s0_61\" id=\"t16_61\" style=\"left:143px;bottom:126px;letter-spacing:-0.03px;word-spacing:1.1px;display:inline;\">Tamb\u00e9m a 13 de janeiro de 2026, o Tribunal decidiu que neste processo a PHAROL n\u00e3o tem que </div><div class=\"t s0_61\" id=\"t17_61\" style=\"left:143px;bottom:103px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">devolver quaisquer quantias \u00e0 ESI. </div><div></div><div class=\"t s0_62_166\" id=\"t3_62_166\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:1.35px;display:inline;\">As decis\u00f5es judiciais acima referidas s\u00e3o suscet\u00edveis de recurso no prazo de 40 dias contados da </div><div class=\"t s0_62_166\" id=\"t4_62_166\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;word-spacing:-0.63px;display:inline;\">Notifica\u00e7\u00e3o dos Curadores da Rio Forte e do Curador Ad Hoc. No entanto, a PHAROL considera muito </div><div class=\"t s0_62_166\" id=\"t5_62_166\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:-0.28px;display:inline;\">remota a probabilidade de se poder conseguir, com base nos factos alegados, qualquer condena\u00e7\u00e3o </div><div class=\"t s0_62_166\" id=\"t6_62_166\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:-0.58px;display:inline;\">da PHAROL nos termos intimados. Desta forma a PHAROL n\u00e3o constituiu qualquer provis\u00e3o nas suas </div><div class=\"t s0_62_166\" id=\"t7_62_166\" style=\"left:143px;bottom:994px;letter-spacing:-0.02px;word-spacing:-0.18px;display:inline;\">demonstra\u00e7\u00f5es financeiras (ver Nota 13). </div><div class=\"t s0_62_166\" id=\"t8_62_166\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:2.47px;display:inline;\">A PHAROL encontra-se tamb\u00e9m sujeita ao risco de cr\u00e9dito da Oi, uma vez que no \u00e2mbito dos </div><div class=\"t s0_62_166\" id=\"t9_62_166\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:6.09px;display:inline;\">contratos celebrados, compete a esta o pagamento das responsabilidades resultantes das </div><div class=\"t s0_62_166\" id=\"ta_62_166\" style=\"left:143px;bottom:909px;letter-spacing:-0.03px;word-spacing:4.21px;display:inline;\">conting\u00eancias fiscais originadas at\u00e9 5 de maio de 2014, ainda que a PHAROL seja tamb\u00e9m </div><span>solidariamente respons\u00e1vel. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00238": {
   "value": "<span>21.1.1. </span><div class=\"t s2_60\" id=\"tb_60\" style=\"left:247px;bottom:938px;letter-spacing:0.2px;word-spacing:0.03px;display:inline;\">Riscos de Mercado </div><div class=\"t s0_60\" id=\"tc_60\" style=\"left:143px;bottom:904px;letter-spacing:-0.02px;word-spacing:-0.56px;display:inline;\">Os riscos de mercado consistem nas perdas que podem ocorrer em resultado de altera\u00e7\u00f5es de taxas </div><div class=\"t s0_60\" id=\"td_60\" style=\"left:143px;bottom:881px;letter-spacing:-0.02px;word-spacing:3.75px;display:inline;\">(de juro ou de c\u00e2mbio) e/ou dos pre\u00e7os e cota\u00e7\u00f5es dos diferentes instrumentos financeiros, </div><div class=\"t s0_60\" id=\"te_60\" style=\"left:143px;bottom:857px;letter-spacing:-0.02px;word-spacing:-0.58px;display:inline;\">considerando n\u00e3o s\u00f3 as correla\u00e7\u00f5es existentes entre estes, mas tamb\u00e9m as respetivas volatilidades. </div><div class=\"t s0_60\" id=\"tf_60\" style=\"left:143px;bottom:819px;letter-spacing:-0.02px;word-spacing:1.39px;display:inline;\">Os riscos de taxa de c\u00e2mbio est\u00e3o essencialmente relacionados com as opera\u00e7\u00f5es das empresas </div><div class=\"t s0_60\" id=\"tg_60\" style=\"left:143px;bottom:796px;letter-spacing:-0.02px;word-spacing:4.72px;display:inline;\">participadas, com os investimentos em instrumentos financeiros em moeda estrangeira que </div><div class=\"t s0_60\" id=\"th_60\" style=\"left:143px;bottom:772px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">integram as carteiras de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, e com os investimentos da PHAROL </div><div class=\"t s0_60\" id=\"ti_60\" style=\"left:143px;bottom:748px;letter-spacing:-0.02px;word-spacing:-0.06px;display:inline;\">no Brasil que deixaram de existir em 2025. </div><div class=\"t s0_60\" id=\"tj_60\" style=\"left:143px;bottom:710px;letter-spacing:-0.02px;word-spacing:2.5px;display:inline;\">Relativamente aos riscos dos pre\u00e7os e cota\u00e7\u00f5es, que est\u00e3o essencialmente relacionados com a </div><div class=\"t s0_60\" id=\"tk_60\" style=\"left:143px;bottom:687px;letter-spacing:-0.04px;word-spacing:0.78px;display:inline;\">carteira de investimentos em a\u00e7\u00f5es e obriga\u00e7\u00f5es, o Grupo estabeleceu crit\u00e9rios e limites \u00e0 gest\u00e3o </div><div class=\"t s0_60\" id=\"tl_60\" style=\"left:143px;bottom:663px;letter-spacing:-0.03px;word-spacing:1.6px;display:inline;\">discricion\u00e1ria que foi dada \u00e0s entidades banc\u00e1rias que efetuam a gest\u00e3o destas carteiras. Tendo </div><div class=\"t s0_60\" id=\"tm_60\" style=\"left:143px;bottom:640px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">assim estabelecido, os seguintes limites: </div><div class=\"t s0_60\" id=\"tn_60\" style=\"left:143px;bottom:602px;letter-spacing:-0.03px;word-spacing:-0.02px;display:inline;\">1. Para duas carteiras constitu\u00eddas em Agosto de 2022, no valor 10 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"to_60\" style=\"left:169px;bottom:565px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tp_60\" style=\"left:195px;bottom:564px;letter-spacing:-0.04px;word-spacing:1.12px;display:inline;\">Rating m\u00ednimo de investimento: entidades Investment Grade (igual ou superior a BBB ou </div><div class=\"t s0_60\" id=\"tq_60\" style=\"left:195px;bottom:540px;letter-spacing:-0.05px;word-spacing:0.09px;display:inline;\">similar, no caso da Moody\u2019s). </div><div class=\"t s3_60\" id=\"tr_60\" style=\"left:169px;bottom:517px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ts_60\" style=\"left:195px;bottom:517px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"tt_60\" style=\"left:195px;bottom:493px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"tu_60\" style=\"left:169px;bottom:470px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"tv_60\" style=\"left:195px;bottom:470px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"tw_60\" style=\"left:195px;bottom:446px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"tx_60\" style=\"left:169px;bottom:423px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"ty_60\" style=\"left:195px;bottom:423px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"tz_60\" style=\"left:169px;bottom:400px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t10_60\" style=\"left:195px;bottom:399px;letter-spacing:-0.02px;word-spacing:-0.07px;display:inline;\">Liquidez: at\u00e9 5 dias \u00fateis. </div><div class=\"t s0_60\" id=\"t11_60\" style=\"left:143px;bottom:338px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">2. Para duas carteiras constitu\u00eddas em agosto de 2023, no valor 15 milh\u00f5es de Euros: </div><div class=\"t s3_60\" id=\"t12_60\" style=\"left:169px;bottom:300px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t13_60\" style=\"left:195px;bottom:300px;letter-spacing:-0.03px;word-spacing:-0.42px;display:inline;\">Rating m\u00ednimo de investimento: 70% Investment grade (igual ou superior a BBB ou similar, </div><div class=\"t s0_60\" id=\"t14_60\" style=\"left:195px;bottom:276px;letter-spacing:-0.02px;word-spacing:-0.02px;display:inline;\">no caso da Moody\u2019s) e 30% High yield </div><div class=\"t s3_60\" id=\"t15_60\" style=\"left:169px;bottom:253px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t16_60\" style=\"left:195px;bottom:253px;letter-spacing:-0.02px;word-spacing:1.09px;display:inline;\">Peso por emitente: a exposi\u00e7\u00e3o a cada emitente n\u00e3o deve exceder os 12,5% do valor da </div><div class=\"t s0_60\" id=\"t17_60\" style=\"left:195px;bottom:229px;display:inline;\">carteira; </div><div class=\"t s3_60\" id=\"t18_60\" style=\"left:169px;bottom:206px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t19_60\" style=\"left:195px;bottom:205px;letter-spacing:-0.02px;word-spacing:-0.79px;display:inline;\">Geografia: A exposi\u00e7\u00e3o a pa\u00edses emergentes n\u00e3o deve exceder os 25%. A exposi\u00e7\u00e3o por pa\u00eds </div><div class=\"t s0_60\" id=\"t1a_60\" style=\"left:195px;bottom:182px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">n\u00e3o deve exceder os 1/3 do valor da carteira; </div><div class=\"t s3_60\" id=\"t1b_60\" style=\"left:169px;bottom:159px;display:inline;\">\ue001 </div><div class=\"t s0_60\" id=\"t1c_60\" style=\"left:195px;bottom:158px;letter-spacing:-0.02px;word-spacing:-0.11px;display:inline;\">Exposi\u00e7\u00e3o cambial: A exposi\u00e7\u00e3o a divisas diferentes do Euro n\u00e3o deve exceder os 25%; </div><div class=\"t s3_60\" id=\"t1d_60\" style=\"left:169px;bottom:135px;display:inline;\">\ue001 </div><span>Liquidez: at\u00e9 5 dias \u00fateis.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00239": {
   "value": "<span>21.1.2. </span><div class=\"t s1_61\" id=\"t4_61\" style=\"left:247px;bottom:1086px;letter-spacing:0.18px;word-spacing:-0.02px;display:inline;\">Risco de Cr\u00e9dito </div><div class=\"t s0_61\" id=\"t5_61\" style=\"left:143px;bottom:1052px;letter-spacing:-0.02px;word-spacing:0.12px;display:inline;\">O risco de cr\u00e9dito est\u00e1 essencialmente relacionado com o risco de uma contraparte falhar nas suas </div><div class=\"t s0_61\" id=\"t6_61\" style=\"left:143px;bottom:1028px;letter-spacing:-0.04px;word-spacing:1.14px;display:inline;\">obriga\u00e7\u00f5es contratuais, resultando numa perda financeira para a PHAROL. A PHAROL est\u00e1 sujeita </div><div class=\"t s0_61\" id=\"t7_61\" style=\"left:143px;bottom:1005px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">essencialmente ao risco de cr\u00e9dito nas suas atividades operacionais e de tesouraria. </div><div class=\"t s0_61\" id=\"t8_61\" style=\"left:143px;bottom:967px;letter-spacing:-0.02px;word-spacing:-0.78px;display:inline;\">Os crit\u00e9rios utilizados para calcular os ajustamentos para contas a receber t\u00eam por base a realiza\u00e7\u00e3o </div><div class=\"t s0_61\" id=\"t9_61\" style=\"left:143px;bottom:943px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">de an\u00e1lises de recuperabilidade dos valores a receber numa base regular. </div><div class=\"t s0_61\" id=\"ta_61\" style=\"left:143px;bottom:905px;letter-spacing:-0.03px;word-spacing:-0.05px;display:inline;\">A 31 de dezembro de 2025, os saldos a receber n\u00e3o s\u00e3o considerados relevantes. </div><div class=\"t s0_61\" id=\"tb_61\" style=\"left:143px;bottom:867px;letter-spacing:-0.03px;word-spacing:2.2px;display:inline;\">Os riscos relacionados com atividades de tesouraria resultam essencialmente dos investimentos </div><div class=\"t s0_61\" id=\"tc_61\" style=\"left:143px;bottom:844px;letter-spacing:-0.03px;word-spacing:2.42px;display:inline;\">efetuados pelo Grupo em disponibilidades monet\u00e1rias. Conforme referido anteriormente, com o </div><div class=\"t s0_61\" id=\"td_61\" style=\"left:143px;bottom:820px;letter-spacing:-0.04px;word-spacing:6.44px;display:inline;\">objetivo de mitigar este risco, a PHAROL implementou uma pol\u00edtica de diversifica\u00e7\u00e3o de </div><div class=\"t s0_61\" id=\"te_61\" style=\"left:143px;bottom:796px;letter-spacing:-0.03px;word-spacing:3.39px;display:inline;\">investimentos em julho de 2014 em diante, de tal forma que o investimento numa entidade </div><div class=\"t s0_61\" id=\"tf_61\" style=\"left:143px;bottom:773px;letter-spacing:-0.03px;word-spacing:0.25px;display:inline;\">financeira n\u00e3o \u00e9 superior a 34% da totalidade das aplica\u00e7\u00f5es financeiras. Desta forma assegura-se </div><div class=\"t s0_61\" id=\"tg_61\" style=\"left:143px;bottom:749px;letter-spacing:-0.02px;word-spacing:-0.34px;display:inline;\">que os montantes s\u00e3o aplicados a curto prazo, junto de institui\u00e7\u00f5es financeiras diversificadas e com </div><div class=\"t s0_61\" id=\"th_61\" style=\"left:143px;bottom:726px;letter-spacing:-0.03px;word-spacing:-0.28px;display:inline;\">reputa\u00e7\u00e3o no mercado. Em 2022 e novamente em 2025, de forma a reajustar as pol\u00edticas com base </div><div class=\"t s0_61\" id=\"ti_61\" style=\"left:143px;bottom:702px;letter-spacing:-0.01px;word-spacing:2.83px;display:inline;\">na gest\u00e3o de carteira ativa, face \u00e0s carteiras de obriga\u00e7\u00f5es e a\u00e7\u00f5es poderem ser geridas por </div><div class=\"t s0_61\" id=\"tj_61\" style=\"left:143px;bottom:679px;letter-spacing:-0.03px;word-spacing:1.76px;display:inline;\">entidades banc\u00e1rias, estes limites foram revistos e mais detalhados. Desta forma, mant\u00e9m-se o </div><div class=\"t s0_61\" id=\"tk_61\" style=\"left:143px;bottom:655px;letter-spacing:-0.02px;word-spacing:-0.61px;display:inline;\">limite de concentra\u00e7\u00e3o de 33,3% para dep\u00f3sitos \u00e0 ordem e dep\u00f3sitos a prazo por entidade banc\u00e1ria, </div><div class=\"t s0_61\" id=\"tl_61\" style=\"left:143px;bottom:631px;letter-spacing:-0.02px;word-spacing:0.94px;display:inline;\">sendo que o montante investido em carteira de gest\u00e3o de ativos com gest\u00e3o da mesma entidade </div><div class=\"t s0_61\" id=\"tm_61\" style=\"left:143px;bottom:608px;letter-spacing:-0.04px;word-spacing:-0.01px;display:inline;\">banc\u00e1ria, n\u00e3o contabilizar\u00e1 para este limite de 33,3%. </div><div class=\"t s0_61\" id=\"tn_61\" style=\"left:143px;bottom:570px;letter-spacing:-0.01px;word-spacing:-0.61px;display:inline;\">Adicionalmente e de forma a estabelecer-se limites de concentra\u00e7\u00e3o no investimento inicial tamb\u00e9m </div><div class=\"t s0_61\" id=\"to_61\" style=\"left:143px;bottom:547px;letter-spacing:-0.02px;word-spacing:-0.38px;display:inline;\">na gest\u00e3o de ativos, estabeleceu-se um limite m\u00e1ximo de gest\u00e3o de carteiras por entidade banc\u00e1ria </div><div class=\"t s0_61\" id=\"tp_61\" style=\"left:143px;bottom:523px;letter-spacing:0.02px;word-spacing:-0.2px;display:inline;\">de 2/3. </div><div class=\"t s0_61\" id=\"tq_61\" style=\"left:143px;bottom:485px;letter-spacing:-0.03px;word-spacing:1.13px;display:inline;\">A PHAROL est\u00e1 tamb\u00e9m sujeita a risco de cr\u00e9dito no seu investimento na Rio Forte Investments, </div><div class=\"t s0_61\" id=\"tr_61\" style=\"left:143px;bottom:462px;letter-spacing:-0.02px;word-spacing:1.43px;display:inline;\">tendo ajustado o seu valor em conformidade. Em novembro de 2023, os curadores da Rio Forte </div><div class=\"t s0_61\" id=\"ts_61\" style=\"left:143px;bottom:438px;letter-spacing:-0.03px;word-spacing:1.46px;display:inline;\">decidiram que o cr\u00e9dito de insolv\u00eancia da Rio Forte Investments apresentado pela PHAROL seria </div><div class=\"t s0_61\" id=\"tt_61\" style=\"left:143px;bottom:414px;letter-spacing:-0.03px;word-spacing:0.93px;display:inline;\">submetido, por uma medida de prud\u00eancia, ao Tribunal de Com\u00e9rcio (</div><div class=\"t s2_61\" id=\"tu_61\" style=\"left:603px;bottom:414px;letter-spacing:-0.04px;display:inline;\">uniformizar</div><div class=\"t s0_61\" id=\"tv_61\" style=\"left:677px;bottom:414px;letter-spacing:-0.04px;word-spacing:1px;display:inline;\">) do Luxemburgo </div><div class=\"t s0_61\" id=\"tw_61\" style=\"left:143px;bottom:391px;letter-spacing:-0.02px;word-spacing:0.64px;display:inline;\">para decis\u00e3o sobre a sua admiss\u00e3o ao passivo de insolv\u00eancia (Nota 13). J\u00e1 em 13 de fevereiro de </div><div class=\"t s0_61\" id=\"tx_61\" style=\"left:143px;bottom:367px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">2026, a PHAROL o Tribunal reconheceu o cr\u00e9dito da PHAROL sobre a massa insolvente da Rio Forte </div><div class=\"t s0_61\" id=\"ty_61\" style=\"left:143px;bottom:344px;letter-spacing:-0.03px;word-spacing:0.83px;display:inline;\">no montante de capital de 750 milh\u00f5es de Euros, a ser acrescido dos juros devidos at\u00e9 \u00e0 data de </div><div class=\"t s0_61\" id=\"tz_61\" style=\"left:143px;bottom:320px;letter-spacing:-0.02px;word-spacing:2.32px;display:inline;\">abertura do processo de insolv\u00eancia. Assim o valor total de cr\u00e9dito da PHAROL sobre a massa </div><div class=\"t s0_61\" id=\"t10_61\" style=\"left:143px;bottom:297px;letter-spacing:-0.01px;word-spacing:-0.77px;display:inline;\">insolvente da Rio Forte mant\u00e9m-se em 897 milh\u00f5es de euros e respetivos juros legais, como sempre </div><div class=\"t s0_61\" id=\"t11_61\" style=\"left:143px;bottom:273px;letter-spacing:-0.02px;word-spacing:-0.04px;display:inline;\">reclamado desde 2014. </div><div class=\"t s0_61\" id=\"t12_61\" style=\"left:143px;bottom:235px;letter-spacing:-0.02px;word-spacing:1.8px;display:inline;\">Ainda no \u00e2mbito do cr\u00e9dito sobre a Rio Forte, em janeiro de 2019, a PHAROL foi intimada pela </div><div class=\"t s0_61\" id=\"t13_61\" style=\"left:143px;bottom:212px;letter-spacing:-0.04px;word-spacing:3.93px;display:inline;\">curadoria da Esp\u00edrito Santo International, S.A., como medida de precau\u00e7\u00e3o para interromper </div><div class=\"t s0_61\" id=\"t14_61\" style=\"left:143px;bottom:188px;letter-spacing:-0.03px;word-spacing:1.32px;display:inline;\">qualquer per\u00edodo de prescri\u00e7\u00e3o, tendo em vista uma eventual anula\u00e7\u00e3o de pagamentos de Notes </div><div class=\"t s0_61\" id=\"t15_61\" style=\"left:143px;bottom:164px;letter-spacing:-0.01px;word-spacing:-0.12px;display:inline;\">efetuados pela ESI durante o m\u00eas de janeiro de 2014 no montante de 750 milh\u00f5es de Euros. </div><div class=\"t s0_61\" id=\"t16_61\" style=\"left:143px;bottom:126px;letter-spacing:-0.03px;word-spacing:1.1px;display:inline;\">Tamb\u00e9m a 13 de janeiro de 2026, o Tribunal decidiu que neste processo a PHAROL n\u00e3o tem que </div><div class=\"t s0_61\" id=\"t17_61\" style=\"left:143px;bottom:103px;letter-spacing:-0.02px;word-spacing:-0.13px;display:inline;\">devolver quaisquer quantias \u00e0 ESI. </div><div></div><div class=\"t s0_62_166\" id=\"t3_62_166\" style=\"left:143px;bottom:1088px;letter-spacing:-0.04px;word-spacing:1.35px;display:inline;\">As decis\u00f5es judiciais acima referidas s\u00e3o suscet\u00edveis de recurso no prazo de 40 dias contados da </div><div class=\"t s0_62_166\" id=\"t4_62_166\" style=\"left:143px;bottom:1064px;letter-spacing:-0.01px;word-spacing:-0.63px;display:inline;\">Notifica\u00e7\u00e3o dos Curadores da Rio Forte e do Curador Ad Hoc. No entanto, a PHAROL considera muito </div><div class=\"t s0_62_166\" id=\"t5_62_166\" style=\"left:143px;bottom:1041px;letter-spacing:-0.02px;word-spacing:-0.28px;display:inline;\">remota a probabilidade de se poder conseguir, com base nos factos alegados, qualquer condena\u00e7\u00e3o </div><div class=\"t s0_62_166\" id=\"t6_62_166\" style=\"left:143px;bottom:1017px;letter-spacing:-0.03px;word-spacing:-0.58px;display:inline;\">da PHAROL nos termos intimados. Desta forma a PHAROL n\u00e3o constituiu qualquer provis\u00e3o nas suas </div><div class=\"t s0_62_166\" id=\"t7_62_166\" style=\"left:143px;bottom:994px;letter-spacing:-0.02px;word-spacing:-0.18px;display:inline;\">demonstra\u00e7\u00f5es financeiras (ver Nota 13). </div><div class=\"t s0_62_166\" id=\"t8_62_166\" style=\"left:143px;bottom:956px;letter-spacing:-0.03px;word-spacing:2.47px;display:inline;\">A PHAROL encontra-se tamb\u00e9m sujeita ao risco de cr\u00e9dito da Oi, uma vez que no \u00e2mbito dos </div><div class=\"t s0_62_166\" id=\"t9_62_166\" style=\"left:143px;bottom:932px;letter-spacing:-0.02px;word-spacing:6.09px;display:inline;\">contratos celebrados, compete a esta o pagamento das responsabilidades resultantes das </div><div class=\"t s0_62_166\" id=\"ta_62_166\" style=\"left:143px;bottom:909px;letter-spacing:-0.03px;word-spacing:4.21px;display:inline;\">conting\u00eancias fiscais originadas at\u00e9 5 de maio de 2014, ainda que a PHAROL seja tamb\u00e9m </div><span>solidariamente respons\u00e1vel. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "EtiquetasASeremAplicadasCasoAInformaoCorrespondenteEstejaPresenteNumRelatrio_Label_00240": {
   "value": "<span>22. </span><div class=\"t s2_62_166\" id=\"td_62_166\" style=\"left:174px;bottom:807px;letter-spacing:0.23px;word-spacing:-0.06px;display:inline;\">Eventos subsequentes </div><div class=\"t s0_62_166\" id=\"te_62_166\" style=\"left:143px;bottom:773px;letter-spacing:-0.03px;word-spacing:-0.43px;display:inline;\">A 13 de fevereiro de 2026, a PHAROL notificada de decis\u00e3o do Tribunal de Com\u00e9rcio do Luxemburgo </div><div class=\"t s0_62_166\" id=\"tf_62_166\" style=\"left:143px;bottom:749px;letter-spacing:-0.03px;word-spacing:1.28px;display:inline;\">que no \u00e2mbito do processo de insolv\u00eancia da Rio Forte reconheceu o cr\u00e9dito da PHAROL sobre a </div><div class=\"t s0_62_166\" id=\"tg_62_166\" style=\"left:143px;bottom:726px;letter-spacing:-0.01px;word-spacing:-0.27px;display:inline;\">massa insolvente da Rio Forte no montante de capital de 750 milh\u00f5es de Euros, a ser acrescido dos </div><div class=\"t s0_62_166\" id=\"th_62_166\" style=\"left:143px;bottom:702px;letter-spacing:-0.02px;word-spacing:-0.09px;display:inline;\">juros devidos at\u00e9 \u00e0 data de abertura do processo de insolv\u00eancia. </div><div class=\"t s0_62_166\" id=\"ti_62_166\" style=\"left:143px;bottom:664px;letter-spacing:-0.04px;word-spacing:-0.37px;display:inline;\">Assim o valor total de cr\u00e9dito da PHAROL sobre a massa insolvente da Rio Forte mant\u00e9m-se em 897 </div><div class=\"t s0_62_166\" id=\"tj_62_166\" style=\"left:143px;bottom:641px;letter-spacing:-0.03px;word-spacing:-0.01px;display:inline;\">milh\u00f5es de euros e respetivos juros legais, como sempre reclamado desde 2014. </div><div class=\"t s0_62_166\" id=\"tk_62_166\" style=\"left:143px;bottom:603px;word-spacing:2.44px;display:inline;\">Foi julgado nos mesmos autos o processo proposto por um Curador Ad Hoc da ESI visando a </div><div class=\"t s0_62_166\" id=\"tl_62_166\" style=\"left:143px;bottom:579px;letter-spacing:-0.02px;word-spacing:-0.94px;display:inline;\">anula\u00e7\u00e3o de um pagamento alegadamente indevido de um valor acumulado de 750 milh\u00f5es de euros </div><div class=\"t s0_62_166\" id=\"tm_62_166\" style=\"left:143px;bottom:556px;letter-spacing:-0.03px;word-spacing:0.05px;display:inline;\">de Notes efetuado pela ESI no princ\u00edpio de 2014 \u00e0 Pharol SGPS, S.A (200 milh\u00f5es de euros) e \u00e0 PT </div><div class=\"t s0_62_166\" id=\"tn_62_166\" style=\"left:143px;bottom:532px;letter-spacing:-0.02px;word-spacing:-0.32px;display:inline;\">Finance (550 milh\u00f5es de euros), processo esse comunicado ao mercado em 1 de fevereiro de 2019. </div><div class=\"t s0_62_166\" id=\"to_62_166\" style=\"left:143px;bottom:509px;letter-spacing:-0.04px;word-spacing:-0.36px;display:inline;\">Tamb\u00e9m neste processo foi decidido que a PHAROL n\u00e3o tem que devolver quaisquer quantias \u00e0 ESI. </div><div class=\"t s0_62_166\" id=\"tp_62_166\" style=\"left:143px;bottom:471px;letter-spacing:-0.02px;word-spacing:-0.49px;display:inline;\">As decis\u00f5es judiciais acima referidas, ainda que suscet\u00edveis de recurso no prazo de 40 dias contados </div><div class=\"t s0_62_166\" id=\"tq_62_166\" style=\"left:143px;bottom:447px;letter-spacing:-0.03px;word-spacing:1.99px;display:inline;\">da Notifica\u00e7\u00e3o dos Curadores da Rio Forte e do Curador Ad Hoc, deram integralmente raz\u00e3o \u00e0s </div><div class=\"t s0_62_166\" id=\"tr_62_166\" style=\"left:143px;bottom:424px;letter-spacing:-0.02px;word-spacing:-0.1px;display:inline;\">posi\u00e7\u00f5es sustentadas pela PHAROL desde o primeiro momento. </div><div class=\"t s0_62_166\" id=\"ts_62_166\" style=\"left:143px;bottom:348px;letter-spacing:-0.03px;word-spacing:4.21px;display:inline;\">O Conselho de Administra\u00e7\u00e3o prev\u00ea submeter \u00e0 aprecia\u00e7\u00e3o e delibera\u00e7\u00e3o dos acionistas, na </div><div class=\"t s0_62_166\" id=\"tt_62_166\" style=\"left:143px;bottom:324px;letter-spacing:-0.03px;word-spacing:-1.07px;display:inline;\">Assembleia Geral Ordin\u00e1ria de 2026, um conjunto de propostas de altera\u00e7\u00e3o de determinados artigos </div><div class=\"t s0_62_166\" id=\"tu_62_166\" style=\"left:143px;bottom:301px;letter-spacing:-0.03px;word-spacing:0.13px;display:inline;\">dos Estatutos da Sociedade. Estas propostas visam proceder \u00e0 revis\u00e3o e atualiza\u00e7\u00e3o dos Estatutos, </div><div class=\"t s0_62_166\" id=\"tv_62_166\" style=\"left:143px;bottom:277px;letter-spacing:-0.02px;word-spacing:0.57px;display:inline;\">assegurando alinhamento com o atual perfil, dimens\u00e3o e estrat\u00e9gia da Sociedade, bem como com </div><span>as melhores pr\u00e1ticas de governa\u00e7\u00e3o societ\u00e1ria e o enquadramento legal e regulamentar aplic\u00e1vel. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "pt",
    "entity": "scheme:549300JNP3LA8FWLU630",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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 }
}