Quarterly information – ITR
Multiplan Empreendimentos Imobiliários SA
March 31, 2022 with the independent auditor’s review report on quarterly information (ITR)
Multiplan Empreendimentos Imobiliários SA
Quarterly information – ITR
March 31, 2022
Content
Independent Auditor’s Review Report on Quarterly Information (ITR) ……………………………. …. ……….. 1
Quarterly information – ITR
Balance sheet ………………………………………… . …………………………………………. . …………………………………. 3
Income statement ………………………………………… ………………. …………………………. ………………. ………………….. 5
Statements of comprehensive income ……………………………. ……… …………………………………. ……… . 7
Tables of changes in equity – Individuals ……………………………………. …. …………………………………. 8
Statements of changes in equity – Consolidated ……………………………………. ………………………………… 9
Statements of cash flows ……………………………………….. …………………………………………….. ….. ………………. ten
Statements of added value ……………………………………….. ……………………………………………. …. ……………. 11
Notes on the quarterly information ………………………………………….. ………………………………………….. .. ………… 12
Center 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 to English of the independent auditor’s review report on the 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)
Quarterly Information on the Independent Auditor’s Review Report (ITR)
the
Shareholders, Board of Directors and Officers
Multiplan Empreendimentos Imobiliários SA
Rio de Janeiro – RJ
Introduction
We have reviewed the individual and consolidated interim financial information of Multiplan Empreendimentos Imobiliários SA (“Company”), contained in the Quarterly Information Notice (RTI) for the quarter ended March 31, 2022, which includes the balance sheet like a March 31, 2022 and the statements of earnings, comprehensive income, changes in equity and cash flows for the three-month period ended on that date, and the notes to the quarterly information.
Management is responsible for establishing 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 such information in accordance 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.
Examination scope
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 limited review of interim financial information consists of making inquiries, primarily of those responsible for financial and accounting matters, and applying analytical and other review procedures. A limited review is substantially less in scope than an audit performed in accordance with auditing standards and therefore does not provide us with assurance that we would become aware of all the material matters that might be identified during an audit. Accordingly, we do not express an audit opinion.
Uma empresa-member of Ernst & Young Global Limited
Conclusion on individual and consolidated interim information
Based on our limited review, no element has been brought to our knowledge that leads us to believe that the individual and consolidated interim financial information included in the quarterly information referred to above has not been established, in all their significant aspects, in accordance with CNB TG 21 and IAS 34, applicable to real estate development entities in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), presented in accordance with the rules issued by the CVM, applicable to the preparation of quarterly information – ITR.
Focus of matter
As described in Note 2, the individual and consolidated interim financial information contained in the Quarterly Notice (RFI) has been prepared in accordance with CNB TG 21 and IAS 34 applicable to real estate development entities in Brazil registered with the CVM. Accordingly, the determination of the accounting policy adopted by the entity for the recognition of revenue in contracts for the purchase and sale of uncompleted real estate units on, with respect to aspects related to the transfer of control, follows the understanding of the management of the Company regarding the application of the CNB TG 47, in accordance with that expressed by the CVM in its Circular Letter CVM/SNC/SEP n° 02/2018. Our conclusion is not nuanced in this regard.
Other topics
Added Value Statements
The quarterly information referred to above includes the individual and consolidated value added statements (SVA) for the three-month period ended March 31, 2022, prepared under the responsibility of the Company’s management and presented as information. additional information under IAS 34, applicable to real estate assets. real estate development entities in Brazil, registered with the Brazilian Securities and Exchange Commission (“CVM”). These statements were subject to due diligence carried out as part of the review of the quarterly information, in order to determine whether they are reconciled with the interim financial and accounting information, where applicable, and whether their form and content are comply with the criteria defined in the CNB TG 09 – Declaration of added value. Based on our limited review, nothing has come to our attention that causes us to believe that these value added statements have not been prepared, in all material respects, in accordance with the criteria set out in this standard and consistent with the individual and consolidated interim financial statements. information as a whole.
Rio de Janeiro, April 27, 2022.
ERNST AND YOUNG
SS Independent Auditors CRC-2SP015199/O-6
Roberto Martorelli
Accountant CRC-1RJ106103/O-0
A free translation from Portuguese to English of the quarterly information prepared in Brazilian currency in accordance with CPC 21 (R1) and IAS 34 – Interim Financial Reporting and the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of reports Quarterly Information (RTI)
Multiplan Empreendimentos Imobiliários SA
Balance sheet
March 31, 2022 and December 31, 2021 (In thousands of reais – R$)
03/31/2022 |
31/12/2021 |
|||
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 buildings held for sale (Note 6) |
3,614 |
3,818 |
47 118 |
66,437 |
Related party debtors (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 charges (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 buildings held for sale (Note 6) |
20,083 |
19,826 |
478,912 |
470 114 |
Related party debtors (note 5) |
33,639 |
35,267 |
55,952 |
58,767 |
Court filings (note 17.2) |
150 278 |
147,990 |
160 175 |
157,088 |
Deferred taxes and social contributions (Note 7) |
– |
– |
37,590 |
21,478 |
Deferred charges (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, plant 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 |
consumptionIfrom 31/03/2022 to 31/12/2021
Individual
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