Vulcabras S.A.
Quarterly financial information at September 30, 2021
(A Free Translation of the original report in Portuguese as published in Brazil contain quarterly financial information prepared in accordance with accounting practices adopted in Brazil and IFRS)
KPDS 926067
Contents
Report on the review of quarterly information - ITR | 3 |
Balance sheets | 5 |
Statements of profit or loss | 6 |
Statements of comprehensive income | 7 |
Statement of changes in equity - Parent company and Consolidated | 8 |
Statements of cash flows - Indirect method | 9 |
Statements of added value | 10 |
Notes to the quarterly financial information | 11 |
KPMG Auditores Independentes Ltda.
Ed. BS Design - Avenida Desembargador Moreira, 1300 SC 1001 - 10º Andar - Torre Sul - Aldeota 60170-002 - Fortaleza/CE - Brasil
Telefone +55 (85) 3457-9500 kpmg.com.br
Report on the review of
Quarterly information - ITR
To the Shareholders of
Vulcabras S/A
Horizonte - CE
Introduction
We have reviewed the interim, individual and consolidated financial information of Vulcabras S/A. ("Company"), contained in the Quarterly Information - ITR Form for the quarter ended September 30, 2021, which comprise the balance sheet as of September 30, 2021 and related statements of profit or loss, of comprehensive income for the three and nine-month periods then ended, of changes in equity and cash flows for the nine-month period then ended, including the explanatory notes.
The Company's Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with CPC 21(R1) and International Standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of this information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of the Quarterly Information. Our responsibility is to express a conclusion on this interim financial information based on our review.
Scope of the review
We conducted our review in accordance with the Brazilian and international review standards for interim information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists in asking questions, chiefly to the persons in charge of financial and accounting affairs, and in applying analytical procedures and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
KPMG Auditores Independentes Ltda., uma sociedade simples brasileira, de responsabilidade limitada e firma-membro da organização global KPMG de firmas-membro independentes licenciadas da KPMG International Limited, uma empresa inglesa privada de responsabilidade limitada.
KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.
3
Conclusion on the individual and consolidated interim information
Based on our review, we are not aware of any facts that would lead us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of Quarterly Information - ITR, and presented in a manner consistent with the standards issued by the Securities Commission.
Other matters - Statements of added value
The aforementioned individual and consolidated statements of added value for the nine-month period ended September 30, 2021, prepared under responsibility of Company's Management, and presented as supplementary information for IAS 34 purposes. These statements have been subject to review procedures performed in conjunction with the review of the quarterly information, in order to determine whether they are reconciled with the interim financial information and book records, as applicable, and whether their form and content are in accordance with the criteria defined in Technical Pronouncement CPC 09 - Statement of Added Value. Based on our review, we are not aware of any facts that may lead us to believe that these statements of added value have not been prepared, in all material respects, in accordance with the criteria set forth in this Standard and consistently with respect to the individual and consolidated interim financial information taken as a whole.
Fortaleza, November 09, 2021
KPMG Auditores Independentes Ltda
CRC SP-014428/O-6S-CE
Original in Portuguese signed by
Marcelo Pereira Gonçalves
Accountant CRC 1SP220026/O-3
KPMG Auditores Independentes Ltda., uma sociedade simples brasileira, de responsabilidade limitada e firma-membro da organização global KPMG de firmas-membro independentes licenciadas da KPMG International Limited, uma empresa inglesa privada de responsabilidade limitada.
KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.
4
Vulcabras S.A. (Publicly-held company)
Balance sheets
September 30, 2021 and December 31, 2020 (In thousands of reais)
Consolidated | Parent company | Consolidated | Parent company | ||||||||||||||
Assets | Note | 09/30/2021 | 12/31/2020 | 09/30/2021 | 12/31/2020 | Liabilities | Note | 09/30/2021 | 12/31/2020 | 09/30/2021 | 12/31/2020 | ||||||
Cash and cash equivalents | 4 | 71,753 | 158,552 | 218 | 18 | Suppliers | 16 | 136,539 | 62,457 | 86 | 289 | ||||||
Interest earning bank deposits | 5 | 78,355 | 80,949 | 78,355 | 80,949 | Loans and financing | 17 | 290,863 | 127,894 | - | - | ||||||
Trade accounts receivable | 6 | 587,797 | 574,104 | - | - | Taxes payable | 10,654 | 11,938 | 122 | 97 | |||||||
Inventories | 7 | 573,826 | 256,924 | - | - | Salaries and vacation payable | 62,540 | 30,105 | 11 | - | |||||||
Recoverable taxes | 8 | 82,116 | 18,330 | 567 | 563 | Provisions | 19 | 23,689 | 22,021 | 398 | 765 | ||||||
Income tax and social contribution | 9a | 5,012 | 5,108 | 545 | 154 | Lease liabilities | 20 | 9,147 | 8,343 | - | - | ||||||
Amounts receivable from disposal of operation | 3,440 | 3,440 | - | - | Commissions payable | 14,311 | 16,121 | - | - | ||||||||
Other accounts receivable | 10,588 | 13,478 | 196 | 736 | Dividends and profits payable | 86,015 | - | 86,015 | - | ||||||||
Total current assets | 1,412,887 | 1,110,885 | 79,881 | 82,420 | Other trade payables | 24,318 | 26,296 | 191 | 217 | ||||||||
Total current liabilities | 658,076 | 305,175 | 86,823 | 1,368 | |||||||||||||
Interest earning bank deposits | 5 | 10,013 | 9,594 | 2 | 2 | ||||||||||||
Trade accounts receivable | 6 | 3,631 | - | - | - | Loans and financing | 17 | 79,416 | 183,735 | - | - | ||||||
Recoverable taxes | 8 | 62,677 | 6,787 | 1,815 | 1,805 | Loans with related parties | 11 | 17,932 | 17,632 | 202,775 | 197,763 | ||||||
Deferred income tax and social contribution | 9b | 1,246 | 1,359 | - | - | Provisions | 19 | 37,927 | 34,542 | - | - | ||||||
Judicial deposits | 10 | 14,166 | 15,080 | 389 | 543 | Deferred taxes on revaluation of property, plant and equipment | 9b | 2,304 | 2,406 | - | - | ||||||
Loans with related parties | 11 | - | - | 123,659 | 120,602 | Lease liabilities | 18 | 13,673 | 10,187 | - | - | ||||||
Amounts receivable from disposal of operation | 2,580 | 5,160 | - | - | Provision for loss with investment | 12 | - | - | 131 | 124 | |||||||
Assets for sale | 194 | 194 | - | - | Other trade payables | 183 | 183 | - | - | ||||||||
Other accounts receivable | 2,767 | 2,702 | 1,299 | 1,537 | Total non-current liabilities | 151,435 | 248,685 | 202,906 | 197,887 | ||||||||
Long-term assets | 97,274 | 40,876 | 127,164 | 124,489 | |||||||||||||
Equity | |||||||||||||||||
Capital | 20 | 1,106,717 | 1,106,717 | 1,106,717 | 1,106,717 | ||||||||||||
Investments | 12 | 68,244 | 59,999 | 1,357,106 | 1,115,038 | Revaluation reserves | 20 | 4,472 | 4,670 | 4,472 | 4,670 | ||||||
Investment property | 5 | 2,121 | - | 2,115 | Capital reserves | 20 | 4,288 | 3,034 | 4,288 | 3,034 | |||||||
Right-of-use | 18 | 19,646 | 15,145 | - | - | Equity valuation adjustments | 20 | 22,702 | 21,114 | 22,702 | 21,114 | ||||||
Property, plant and equipment | 13 | 276,954 | 241,311 | 2 | 160 | Retained earnings (losses) | 136,356 | (10,457) | 136,356 | (10,457) | |||||||
Intangible assets | 14 | 209,348 | 208,917 | 111 | 111 | Equity attributable to controlling shareholders | 1,274,535 | 1,125,078 | 1,274,535 | 1,125,078 | |||||||
574,197 | 527,493 | 1,357,219 | 1,117,424 | ||||||||||||||
Non-controlling interest | 312 | 316 | - | - | |||||||||||||
Total non-current assets | 671,471 | 568,369 | 1,484,383 | 1,241,913 | Total equity | 1,274,847 | 1,125,394 | 1,274,535 | 1,125,078 | ||||||||
Total liabilities | 809,511 | 553,860 | 289,729 | 199,255 | |||||||||||||
Total Assets | 2,084,358 | 1,679,254 | 1,564,264 | 1,324,333 | Total liabilities and equity | 2,084,358 | 1,679,254 | 1,564,264 | 1,324,333 | ||||||||
See the accompanying notes to the quarterly financial information.
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Vulcabras|azaleia SA published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 13:06:03 UTC.