Log-In Logística Intermodal S.A
Interim Financial Statements
INDIVIDUAL AND
CONSOLIDATED
June 30, 2022
STATEMENT OF FINANCIAL POSITION
In thousands of reais - R$
Consolidated | Parent Company | |||||||||||
Notes | 06.30.2022 | 12.31.2021 | 06.30.2022 | 12.31.2021 | ||||||||
ASSETS | ||||||||||||
CURRENT | ||||||||||||
Cash and cash equivalents | 5 | 262,360 | 216,298 | 33,754 | 27,622 | |||||||
Total investments | 5 | 324,739 | 390,243 | 305,246 | 370,930 | |||||||
Trade accounts receivable | 6 | 283,723 | 214,645 | 171,048 | 157,396 | |||||||
Inventories | 49,073 | 40,627 | 41,664 | 31,518 | ||||||||
Related party receivables | 7 | 11,396 | - | 31,592 | 55,305 | |||||||
Recoverable taxes | 8 | 48,866 | 52,462 | 27,052 | 21,809 | |||||||
Merchant Marine Fund - AFRMM | 9 | 23,595 | 17,064 | 23,595 | 17,064 | |||||||
Recoverable claims | 27 | 19,673 | 1,734 | 673 | 885 | |||||||
Financial instruments | 25 | 607 | - | - | - | |||||||
Other current assets | 45.245 | 31,624 | 19,708 | 11,074 | ||||||||
Total current assets | 1.069,277 | 964,697 | 654,332 | 693,603 | ||||||||
NON-CURRENT | ||||||||||||
Total investments | 5 | - | 773 | - | - | |||||||
Merchant Marine Fund - AFRMM | 9 | 22,899 | 16,651 | 22,899 | 16,651 | |||||||
Recoverable taxes | 8 | 18,648 | 35,651 | 12,738 | 35,651 | |||||||
Deferred income tax and social contributions | 10 | 264,046 | 257,089 | 229,424 | 225,970 | |||||||
Escrow deposits | 25,153 | 21,173 | 11,824 | 11,466 | ||||||||
Related party receivables | 7 | - | - | 74,080 | 78,025 | |||||||
Indemnifiable Asset | 17 | 195,018 | - | - | ||||||||
Other non-current assets | 1,895 | 1,830 | 1,738 | 1,814 | ||||||||
Investments in subsidiaries | 11 | - | - | 674,179 | 510,983 | |||||||
Right of Use Assets - Leasing | 14 | 250,427 | 217,020 | 117,395 | 120,596 | |||||||
Property, plant and equipment | 12 | 1,022,731 | 893,225 | 227,435 | 228,239 | |||||||
Intangible assets | 13 | 67,985 | 30,355 | 26,992 | 25,032 | |||||||
Total non-current assets | 1,868,802 | 1,473,767 | 1,398,704 | 1,254,427 | ||||||||
TOTAL ASSETS | 2,938,079 | 2,438,464 | 2,053,036 | 1,948,030 | ||||||||
LIABILITIES | ||||||||||||
CURRENT | ||||||||||||
Payroll and social charges | 46,073 | 35,269 | 18,423 | 21,773 | ||||||||
Taxes and contributions payable | 42,032 | 29,733 | 19,486 | 17,337 | ||||||||
Trade Accounts Payable and operating provisions | 15 | 197,049 | 174,222 | 104,031 | 80,714 | |||||||
Borrowings, financing and debentures | 16 | 233,558 | 196,884 | 178,473 | 160,464 | |||||||
Liabilities with Leasing | 14 | 57,834 | 41,764 | 37,621 | 37,062 | |||||||
Related party payables | 7 | 1,515 | - | 92,510 | 68,055 | |||||||
Proposed dividends | - | 20 | - | - | ||||||||
Other current liabilities | 6,122 | 11,716 | 3,751 | 3,621 | ||||||||
Total current liabilities | 584,183 | 489,608 | 454,295 | 389,026 | ||||||||
NON-CURRENT | ||||||||||||
Acquisition of shareholding | 1.1 | 75,687 | 75,687 | |||||||||
Borrowings, financing and debentures | 16 | 1,212,985 | 1.297.025 | 874,042 | 965.387 | |||||||
Liabilities with Leasing | 14 | 194,841 | 178,225 | 94,441 | 97,713 | |||||||
Related party payables | 7 | - | - | - | 37,369 | |||||||
Contingencies | 17 | 279,207 | 9,892 | 988 | 3,354 | |||||||
Deferred income tax and social contributions | 10 | 37,455 | 8,417 | - | - | |||||||
Total non-current liabilities | 1,800,175 | 1,493,559 | 1,045,158 | 1,103,823 | ||||||||
TOTAL LIABILITIES | 2,384,358 | 1,983,167 | 1,499,453 | 1,492,849 | ||||||||
EQUITY | 18 | |||||||||||
Share capital | 1,318,940 | 1,314,852 | 1,318,940 | 1,314,852 | ||||||||
Capital reserves | 30,023 | 28.959 | 30,023 | 28.959 | ||||||||
Treasury shares | (50,922) | (50,922) | (50,922) | (50,922) | ||||||||
Accumulated losses | (755,222) | (837,472) | (755,222) | (837,472) | ||||||||
Cash flow hedge reserve | 8,078 | (1,366) | 8,078 | (1,366) | ||||||||
Cumulative translation adjustments | 2,686 | 1.130 | 2,686 | 1.130 | ||||||||
Equity attributable to controlling shareholders | 553,583 | 455,181 | 553,583 | 455,181 | ||||||||
Non-controlling shareholder interest | 138 | 116 | - | - | ||||||||
TOTAL EQUITY | 553,721 | 455,297 | 553,583 | 455,181 | ||||||||
TOTAL LIABILITIES AND EQUITY | 2,938,079 | 2,438,464 | 2,053,036 | 1,948,030 |
The accompanying notes are an integral part of these financial statements.
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CONSOLIDATED INCOME STATEMENT
In thousands of reais - R$, except for earnings per share
Three-month period ended | Six-month period ended June | ||||
June 30, | 30, | ||||
Notes | 2Q22 | 2Q21 | 6M22 | 6M21 | |
Ongoing operations | |||||
Net Revenue | 22 | 609,190 | 352,850 | 997,630 | 649,565 |
Cost of services provided | 23 | (478,530) | (277,401) | (762,434) | (523,707) |
GROSS PROFIT | 130,660 | 75,449 | 235,196 | 125,858 | |
Funds from subsidy - AFRMM invested | 9 | 14,440 | 13,313 | 29,212 | 25,222 |
Administrative and selling expenses | 23 | (61,591) | (24,512) | (94,178) | (46,318) |
Other income (expenses), net | 2,441 | (2,166) | (2,008) | (908) | |
PROFIT BEFORE NET FINANCE COSTS | 85,950 | 62,084 | 168,222 | 103,854 | |
FINANCIAL RESULT | 24 | ||||
Finance Income | 16,571 | 4,555 | 29,058 | 8,838 | |
Finance expenses | (58,004) | (30,740) | (105,744) | (59,394) | |
Monetary and exchange rate variances, net | (21,633) | 15,887 | 1,958 | (27,858) | |
(63,066) | (10,298) | (74,728) | (78,414) | ||
22,884 | 51,786 | 93,494 | 25,440 | ||
INCOME TAX AND SOCIAL CONTRIBUTIONS | 10 | ||||
Current | (13,863) | (6,143) | (21,423) | (14,791) | |
Deferred | 12,951 | (8,102) | 10,200 | 5,624 | |
(912) | (14,245) | (11,223) | (9,167) | ||
PROFIT FOR THE PERIOD | 21,972 | 37,542 | 82,271 | 16,273 | |
PROFIT ATTRIBUTABLE TO | |||||
Controlling shareholders | 21,960 | 37,528 | 82,250 | 16,246 | |
Non-controlling shareholders | 12 | 14 | 21 | 27 | |
EARNINGS PER SHARE - IN REAIS | |||||
Basic (centavos per share) | 19 | 0.21 | 0.36 | 0.79 | 0.16 |
Diluted (centavos per share) | 19 | 0.21 | 0.36 | 0.78 | 0.15 |
The accompanying notes are an integral part of these financial statements.
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PARENT COMPANY INCOME STATEMENT
In thousands of reais - R$, except for earnings per share
Three-month period ended | Six-month period ended | ||||
June 30, | June 30, | ||||
Notes | 2Q22 | 2Q21 | 6M22 | 6M21 | |
Ongoing operations | |||||
Net Revenue | 22 | 265,080 | 201,316 | 476,243 | 368,079 |
Cost of services provided | 23 | (222,281) | (162,872) | (398,920) | (313,901) |
GROSS PROFIT | 42,799 | 38,444 | 77,323 | 54,178 | |
Funds from subsidy - AFRMM invested | 9 | 14,440 | 13,313 | 29,212 | 25,222 |
Administrative and selling expenses | 23 | (16,301) | (16,381) | (34,930) | (29,148) |
Other income (expenses), net | (1,262) | 239 | (5,899) | 1,759 | |
Income from equity method | 11 | 17,647 | 25,363 | 67,055 | 26,853 |
PROFIT BEFORE NET FINANCE COSTS | 57,323 | 60,978 | 132,761 | 78,864 | |
FINANCIAL RESULT | 24 | ||||
Finance Income | 11,044 | 4,595 | 20,477 | 9,076 | |
Finance expenses | (36,378) | (26,802) | (70,718) | (51,358) | |
Monetary and exchange rate variances, net | (15,757) | 1,599 | (7,254) | (30,633) | |
(41,091) | (20,608) | (57,495) | (72,915) | ||
16,232 | 40,370 | 75,266 | 5,949 | ||
INCOME TAX AND SOCIAL CONTRIBUTIONS | 10 | ||||
Current | (2,981) | (459) | (3,010) | (459) | |
Deferred | 8,709 | (2,383) | 9,994 | 10,756 | |
5,728 | (2,842) | 6,984 | 10,297 | ||
PROFIT FOR THE PERIOD | 21,960 | 37,528 | 82,250 | 16,246 | |
EARNINGS PER SHARE - IN REAIS | |||||
Basic (centavos per share) | 19 | 0.21 | 0.36 | 0.79 | 0.16 |
Diluted (centavos per share) | 19 | 0.21 | 0.36 | 0.78 | 0.15 |
The accompanying notes are an integral part of these financial statements.
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Log-In Logística Intermodal SA published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 22:00:46 UTC.