(FreeTranslation into English from the Original Previously Issued in Portuguese.)
Companhia Brasileira de Distribuição
Individual and Consolidated Interim Financial Information for the Quarter Ended September 30, 2018 and Report on Review of Interim Financial Information
Ernst &Young auditores Independentes
A free translation from Portuguese into English of Independent Auditor's Report on Review of Quarterly Financial Information
Independent auditor's report on review of quarterly financial information
To the Shareholders, Directors and Officers
Companhia Brasileira de Distribuição
São Paulo - SP - Brazil
Introduction
We have reviewed the accompanying individual and consolidated interim financial information of Companhia Brasileira de Distribuição ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended September 30, 2018, which comprise the balance sheet as of September 30, 2018 and the related statements of income and comprehensive income for the three and nine months periods then ended, and the statements of changes in equity and cash flows for the nine months period then ended, including other explanatory information.
Management is responsible for the preparation of individual and consolidated interim financial information in accordance with Accounting Pronouncement CPC 21 (R1) -- Demonstração Intermediária ("CPC 21 (R1)") and International Accounting Standard IAS 34 - Interim Financial Reporting ("IAS 34"), 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 Form (ITR). 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 Brazilian and International Standards on Review
Engagements (NBC TR 2410 Revisão de Informações Intermediárias Executada pelo Auditor da
Entidade) and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with auditing standards 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.
Conclusion on the interim financial information
Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the quarterly information referred to above is not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of Quarterly Information Form (ITR), consistently with the rules issued by the CVM.
Emphasis of matter
Restatement of corresponding figures
As mentioned in Note 5, due the adoption of the new accounting pronouncements, the corresponding individual and consolidated figures related to the balance sheet for the year ended December 31, 2017 and the corresponding interim financial information comprising the statements of income and comprehensive income for the three and nine months period ended September 30, 2017, and of changes in equity, cash flow statement and statement of value added (supplemental information) for the nine-month period ended September 30, 2017, presented for comparison purposes, were adjusted and are restated as required by CPC 23 (Accounting Policies, Changes in Accounting Estimates and Error Correction) and CPC 26(R1) - Presentation of Financial Statements. Our conclusion is not modified in respect of this matter.
Other matters
Statements of value added
We have also reviewed the individual and consolidated statements of value added for the nine months period ended September 30, 2018, prepared under the responsibility of the Company's management, the presentation of which in the interim financial information is required by the rules issued by the CVM applicable to preparation of Quarterly Information Form (ITR), and considered as supplementary information under IFRS - International Financial Reporting Standards, which does not require the presentation of the statement of value added. These statements have been subject to the same review procedures previously described and, based on our review, nothing has come to our attention that causes us to believe that they are not prepared, in all material respects, in a manner consistent with the overall individual and consolidated interim financial information.
São Paulo, October 25, 2018.
ERNST & YOUNG
Auditores Independentes S.S. CRC-2SP034519/O-6
Antonio Humberto Barros dos Santos Accountant CRC-1SP161745/O-3
Company Information
Capital Composition 5
Individual Interim Financial Information
Balance Sheet - Assets 6
Balance Sheet - Liabilities 7
Statement of Operations 8
Statement of Comprehensive Income 9
Statement of Cash Flows 10
Statement of Changes in Shareholders' Equity
1/1/2018 to 9/30/2018 11
1/1/2017 to 9/30/2017 12
Statement of Value Added 13
Consolidated Interim Financial Information
Balance Sheet - Assets 14
Balance Sheet - Liabilities 15
Statement of Operations 16
Statement of Comprehensive Income 17
Statement of Cash Flows 18
Statement of Changes in Shareholders' Equity
1/1/2017 to 9/30/2017 19
1/1/2016 to 9/30/2016 20
Statement of Value Added 21
Comments on the Company`s Performance 22
Notes to the Interim Financial Information 39
FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
ITR - Interim Financial Information - September 30,2018 - COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
Number of Shares | Current Quarter |
(thousand) | 9/30/2017 |
Share Capital | |
Common | 99,680 |
Preferred | 167,119 |
Total | 266,799 |
Treasury Shares | |
Common | 0 |
Preferred | 233 |
Total | 233 |
5 |
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Disclaimer
CBD - Companhia Brasileira de Distribuição published this content on 25 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 October 2018 00:26:17 UTC