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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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.