Interim Financial Information - ITR
- Quarterly information September 30, 2021
(A translation of the original report in Portuguese containing financial statements prepared in accordance with the Accounting Practices adopted in Brazil)
Quarterly information
September 30, 2021
Contents
Independent auditor's report on review of the interim financial information | 3 |
Balance sheets | 5 |
Statements of income | 7 |
Statements of comprehensive income | 8 |
Statements of changes in shareholders' equity | 9 |
Statements of cash flows | 10 |
Statements of value added | 11 |
Notes to the interim financial information | 12 |
2
KPMG Auditores Independentes Ltda.
Rua Arquiteto Olavo Redig de Campos, 105, 6º andar - Torre A 04711-904 - São Paulo/SP - Brazil
Caixa Postal 79518 - CEP 04707-970 - São Paulo/SP - Brazil Telephone +55 (11) 3940-1500
kpmg.com.br
Independent auditor's report on quarterly information
To the Shareholders, Board Members and Directors of
Magazine Luiza S.A.
Franca - SP
Introduction
We have reviewed the individual and consolidated interim financial information of Magazine Luiza S.A. ("Company"), contained in the Quarterly Information Form (ITR) for the quarter ended September 30, 2021, which comprise the balance sheet as of September 30, 2021 and related statements of income, of comprehensive income for the three- and nine-month periods then ended, of changes in shareholders' equity and of 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, applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this individual and consolidated 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., a Brazilian limited liability company, and member firm of the KPMG global organization of independent member firms licensed of 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 interim quarterly information includes the 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.
São Paulo, November 11, 2021
KPMG Auditores Independentes Ltda.
CRC 2SP014428/O-6
(Original in Portuguese signed by) Marcelle Mayume Komukai Accountant CRC 1SP249703/O-5
KPMG Auditores Independentes Ltda., a Brazilian limited liability company, and member firm of the KPMG global organization of independent member firms licensed of KPMG International Limited, a private English company limited by guarantee.
4
Quarterly information
September 30, 2021
Magazine Luiza S.A.
Balance sheets at September 30, 2021 and December 31, 2020
(Amounts expressed in thousands of reais - R$)
Note | Parent company | Consolidated | ||||||
Assets | 09/30/2021 | 12/31/2020 | 09/30/2021 | 12/31/2020 | ||||
Current assets | 134,249 | 751,223 | ||||||
Cash and cash equivalents | 5 | 1,281,569 | 1,681,376 | |||||
Securities | 6 | 1,080,139 | 1,220,095 | 1,354,190 | 1,221,779 | |||
Accounts receivable | 7 | 3,788,677 | 3,460,711 | 5,427,841 | 4,761,899 | |||
Inventories | 8 | 7,543,685 | 5,459,037 | 8,126,343 | 5,927,236 | |||
Accounts receivable from related parties | 9 | 3,205,119 | 2,661,364 | 2,824,606 | 2,329,648 | |||
Recoverable taxes | 10 | 1,015,343 | 594,782 | 1,148,146 | 716,118 | |||
Other assets | 154,117 | 121,925 | 241,657 | 160,754 | ||||
Total current assets | 16,921,329 | 14,799,483 | 19,874,006 | 16,798,810 | ||||
Non-current assets | - | - | ||||||
Accounts receivable | 7 | 16,140 | 16,140 | |||||
Recoverable taxes | 10 | 1,026,530 | 740,927 | 1,077,311 | 787,934 | |||
Deferred income tax and social contribution | 11 | 434,634 | 164,047 | 470,702 | 196,736 | |||
Judicial deposits | 22 | 964,404 | 660,734 | 1,173,454 | 843,852 | |||
Other assets | 4,260 | 3,703 | 6,693 | 6,333 | ||||
Investments in subsidiaries | 12 | 2,299,387 | 1,318,347 | - | - | |||
Investments in jointly-owned subsidiaries | 13 | 454,526 | 386,725 | 454,526 | 386,725 | |||
Right-of-use of leases | 14 | 3,014,600 | 2,441,539 | 3,048,365 | 2,465,514 | |||
Property, plant and equipment | 15 | 1,607,077 | 1,171,758 | 1,746,769 | 1,258,162 | |||
Intangible assets | 16 | 689,595 | 593,427 | 2,697,674 | 1,886,997 | |||
Total non-current assets | 10,495,013 | 7,497,347 | 10,675,494 | 7,848,393 | ||||
Total assets | ||||||||
27,416,342 | 22,296,830 | 30,549,500 | 24,647,203 |
See the accompanying notes to the interim financial information.
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Magazine Luiza SA published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 23:13:01 UTC.