(A free translation of the original in Portuguese)
B2W - Companhia Digital
Quarterly Information (ITR) at September 30, 2020
and report on review of quarterly information
(A free translation of the original in Portuguese)
Report on review of quarterly information
To the Board of Directors and Stockholders
B2W - Companhia Digital
Introduction
We have reviewed the accompanying parent company and consolidated interim accounting information of B2W - Companhia Digital ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended September 30, 2020, comprising the balance sheet at that date and the statements of income and comprehensive income for the quarter and nine-month period then ended, and the statements of changes in equity and cash flows for the nine-month period then ended, and a summary of significant accounting policies and other explanatory information.
Management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the accounting standard CPC 21 - "Interim Financial Reporting" of the Brazilian Accounting Pronouncements Committee (CPC) and International Accounting Standard IAS 34 - "Interim Financial Reporting" issued by the International Accounting Standards Board (IASB), as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.
Scope of review
We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial 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 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 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.
Conclusion on the interim information
Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.
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PricewaterhouseCoopers, Rua do Russel 804, 6º e 7º, Edifício Manchete, Rio de Janeiro, RJ, Brasil, 22210-907, T: +55 (21) 3232 6112, www.pwc.com.br
B2W - Companhia Digital
Other matters
Statements of value added
The quarterly information referred to above includes the parent company and consolidated statements of value added for the nine-month period ended September 30, 2020. These statements are the responsibility of the Company's management and are presented as supplementary information under IAS 34. These statements have been subjected to review procedures performed together with the review of the interim accounting information for the purpose of concluding whether they are reconciled with the interim accounting information and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in the accounting standard CPC 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 have not been properly prepared, in all material respects, in accordance with the criteria established in this accounting standard, and consistent with the parent company and consolidated interim accounting information taken as a whole.
Rio de Janeiro, October 23, 2020
PricewaterhouseCoopers
Auditores Independentes
CRC 2SP000160/O-5
Claudia Eliza Medeiros de Miranda
Contadora CRC 1RJ087128/O-0
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B2W Companhia Digital
Balance Sheet
In thousands of reais
Parent Company | Consolidated | |||||||
ASSETS | Note | 9/30/2020 | 12/31/2019 | 9/30/2020 | 12/31/2019 | |||
CURRENT | ||||||||
Cash and cash equivalents | 6 | 4,953,072 | 3,533,847 | 4,956,700 | 3,535,807 | |||
Marketable securities | 7 | 2,872,398 | 2,719,116 | 3,007,613 | 2,947,491 | |||
Accounts receivables | 8 | 1,563,209 | 751,168 | 1,617,092 | 762,147 | |||
Inventories | 9 | 1,441,868 | 888,168 | 1,550,167 | 951,382 | |||
Recoverable taxes | 10 | 750,334 | 658,600 | 781,348 | 684,136 | |||
Prepaid expenses | 21,392 | 22,777 | 28,161 | 35,422 | ||||
Other current assets | 428,413 | 510,295 | 435,418 | 515,344 |
Total current assets | 12,030,686 | 9,083,971 | 12,376,499 | 9,431,729 | ||||
NON CURRENT | ||||||||
Marketable securities | 7 | 79,008 | 224,775 | 79,008 | 224,775 | |||
Recoverable taxes | 10 | 1,213,447 | 1,197,168 | 1,213,447 | 1,197,168 | |||
Deferred income tax and social contribution | 11 | 1,348,135 | 1,264,561 | 1,416,730 | 1,326,769 | |||
Judicial deposits | 22 | 114,657 | 90,350 | 116,325 | 90,543 | |||
Account Receivable - Related parties | 12 | 103,661 | 89,729 | 2,817 | - | |||
Other non current assets | 62,231 | 62,875 | 68,308 | 69,014 |
Investments | 13 | 737,096 | 682,608 | 69,563 | 65,693 | |||
Fixed assets | 14 | 352,344 | 384,131 | 378,578 | 407,866 | |||
Intangible assets | 15 | 2,578,848 | 2,486,896 | 3,121,467 | 2,990,855 | |||
Rights-of-use assets | 16 | 212,719 | 210,796 | 237,740 | 252,158 | |||
Total non current assets | 6,802,146 | 6,693,889 | 6,703,983 | 6,624,841 | ||||
TOTAL ASSETS | 18,832,832 | 15,777,860 | 19,080,482 | 16,056,570 |
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B2W - Companhia Digital SA published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2020 08:54:06 UTC