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    MULT3   BRMULTACNOR5

MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS S.A.

(MULT3)
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Multiplan Empreendimentos Imobiliarios S A : Quarterly Financial Report 1Q22

04/28/2022 | 05:03pm EDT

Quarterly Information - ITR

Multiplan Empreendimentos Imobiliários S.A.

March 31, 2022 with Independent Auditor's Review Report on Quarterly Information (ITR)

Multiplan Empreendimentos Imobiliários S.A.

Quarterly Information - ITR

March 31, 2022

Contents

Independent Auditor's Review Report on quarterly information (ITR) ................................................... 1

Quarterly Information - ITR

Balance sheet ...................................................................................................................................... 3

Statements of income .......................................................................................................................... 5

Statements of comprehensive income ................................................................................................. 7

Statements of changes in equity - Individual ........................................................................................ 8

Statements of changes in equity - Consolidated ................................................................................... 9

Statements of cash flows ................................................................................................................... 10

Statements of value added ................................................................................................................ 11

Notes to quarterly information ............................................................................................................ 12

Centro Empresarial PB 370

Praia de Botafogo, 370 6º ao 10º andar - Botafogo 22250-040 - Rio de Janeiro - RJ - Brasil Tel: +55 21 3263-7000 ey.com.br

A free translation from Portuguese into English of Independent Auditor's Review Report on individual and Consolidated interim financial information prepared in Brazilian currency in accordance with CPC 21 (R1) and

IAS 34 - Interim Financial Reporting and with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Independent auditor's review report quarterly information (ITR)

The

Shareholders, Board of Directors and Officers

Multiplan Empreendimentos Imobiliários S.A.

Rio de Janeiro - RJ

Introduction

We have reviewed the individual and consolidated interim financial information of Multiplan Empreendimentos Imobiliários S.A. ("Company"), contained in the Quarterly Information Form (ITR) for the quarter ended March 31, 2022, which comprises the balance sheet as at March 31, 2022 and the statements of income, of comprehensive income, of changes in equity and cash flows for the three-month period then ended, and notes to the quarterly information.

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with NBC TG 21 - Interim Financial Reporting and international standard and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), applicable to real estate development entities in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), as well as for the presentation of this information consistently with the standards issued by the CVM, relating to the preparation of Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review engagements (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). 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 the 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.

Uma empresa-membro da Ernst & Young Global Limited

Conclusion on the individual and consolidated interim information

Based on our review, nothing has come to our attention that causes 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 NBC TG 21 and IAS 34, applicable to real estate development entities in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), presented in conformity with the rules issued by CVM, applicable to the preparation of Quarterly Information - ITR.

Emphasis of matter

As described in Note 2, the individual and consolidated interim financial information contained in the Quarterly Information Form (ITR) was prepared in accordance with NBC TG 21 and IAS 34 applicable to real estate development entities in Brazil registered with CVM. Accordingly, the determination of the accounting policy adopted by the entity for the recognition of revenue in contracts for the involving purchase and sale of unfinished real estate units on, as regards the aspects related to the transfer of control, follows the understanding of the Company's executive management as to the application of NBC TG 47, in line with that expressed by CVM in its Circular Letter CVM/SNC/SEP No. 02/2018. Our conclusion is not qualified in respect of this matter.

Other matters

Statements of value added

The quarterly information referred to above includes the individual and consolidated statements of value added (SVA) for the three-month period ended March 31, 2022, prepared under the responsibility of the Company's management and presented as supplementary information under IAS 34, applicable to real estate development entities in Brazil, registered with the Brazilian Securities and Exchange Commission ("CVM"). 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 accounting records, as applicable, and whether their form and content are in accordance with the criteria defined in NBC TG 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that these statements of value added were not prepared, in all material respects, in accordance with the criteria set forth in this standard and consistently with the individual and consolidated interim financial information as a whole.

Rio de Janeiro, April 27, 2022.

ERNST & YOUNG

Auditores Independentes S.S. CRC-2SP015199/O-6

Roberto Martorelli

Accountant CRC-1RJ106103/O-0

A free translation from Portuguese into English of quarterly information prepared in Brazilian currency in accordance with CPC 21 (R1) and IAS 34 - Interim Financial Reporting and with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Multiplan Empreendimentos Imobiliários S.A.

Balance sheet

March 31, 2022 and December 31, 2021 (In thousands of reais - R$)

03/31/2022

12/31/2021

Assets

Current assets

Cash and cash equivalents (Note 3)

271,107

287,124

426,824

553,793

Short term investments (Note 3)

330.393

224,670

467,341

224,670

Accounts receivable (Note 4)

285,917

364,990

443,870

533,846

Land and properties held for sale (Note 6)

3,614

3,818

47,118

66,437

Accounts receivable from related parties (Note 5)

47,561

26,382

60,801

38,849

Recoverable taxes and contributions (Note 16)

60,760

36,838

67,607

43,296

Deferred costs (Note 18)

23,203

27,230

40,300

45,681

Other

18,206

17,873

30,721

28,515

Total current assets

1,040,761

988,925

1,584,582

1,535,087

Non-current assets

Accounts receivable (Note 4)

11,482

12,679

28,842

29,297

Land and properties held for sale (Note 6)

20,083

19,826

478,912

470,114

Accounts receivable from related parties (Note 5)

33,639

35,267

55,952

58,767

Judicial deposits (Note 17.2)

150,278

147,990

160,175

157,088

Deferred income and social contribution taxes (Note 7)

-

-

37,590

21,478

Deferred costs (Note 18)

58,648

58,637

99,174

99,087

Other

2,025

2,028

4,408

4,889

Investments (Note 8)

4,624,549

4,543,398

135,858

139,417

Investment properties (Note 9)

3,924,205

3,922,905

7,682,946

7,673,145

Property and equipment (Note 10)

86,906

87,574

104,363

105,159

Intangible assets (Note 11)

367,121

365,657

370,543

368,932

Total non-current assets

9,278,936

9,195,961

9,158,763

9,127,373

Total assets

10,319,697

10,184,886

10,743,345

10,662,460

3

Consolidated 03/31/2022 12/31/2021

Individual

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Disclaimer

Multiplan Empreendimentos Imobiliários SA published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 21:02:09 UTC.


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