(Convenience Translation into English from the Original Previously Issued in Portuguese)
OceanPact Serviços Marítimos S.A.
Report on Review of Interim
Financial Information for the nine-month
Period Ended September 30, 2022
Deloitte Touche Tohmatsu Auditores Independentes Ltda.
Deloitte Touche Tohmatsu
Rua São Bento, 18 -
15º e 16º andares
20090-010 - Rio de Janeiro - RJ Brasil
Tel.: + 55 (21) 3981-0500
Fax: + 55 (21) 3981-0600
www.deloitte.com.br
REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION
To the Management and Shareholders of
OceanPact Serviços Marítimos S.A.
Introduction
We have reviewed the accompanying individual and consolidated interim financial information of OceanPact Serviços Marítimos S.A. ("Company"), included in the Interim Financial Information Form - ITR, for the quarter ended September 30, 2022, which comprises the balance sheet as at September 30, 2022 and the related statements of profit or loss and of comprehensive income for the three and nine-month period then ended and of changes in equity and of cash flows for the nine-month period then ended, including the explanatory notes.
The Execution Board is responsible for the preparation of the individual interim financial information in accordance with technical pronouncement CPC 21 (R1) Interim Financial Statements and the consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) Interim Financial Statements and international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission - CVM, applicable to the preparation of Interim Financial 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 of Interim Financial Information (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.
Conclusion on the individual interim financial information
Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual interim financial information included in the interim financial information referred to above was not prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1), applicable to the preparation of Interim Financial Information - ITR, and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission - CVM.
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© 2022. For information, contact Deloitte Global.
Conclusion on the consolidated interim financial information
Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated interim financial information included in the interim financial information referred to above was not prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34, applicable to the preparation of Interim Financial Information - ITR, and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission - CVM.
Other matters
Statements of value added
The interim financial information referred to above includes the statements of value added - DVA, individual and consolidated, for the nine-month period ended September 30, 2022, prepared under the responsibility of the Company's Executive Board and presented as supplemental information for the international standard IAS 34 purposes. These statements were subject to review procedures performed together with the review of the Interim Financial Information - ITR to reach a conclusion on whether they were reconciled with the interim financial information and accounting records, as applicable, and if their form and content are consistent with the criteria set forth by technical pronouncement 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 were not prepared, in all material respects, in accordance with the criteria defined in this technical pronouncement and consistently with the individual and consolidated interim financial information taken as a whole.
Convenience translation
The accompanying individual and consolidated interim financial information has been translated into English for the convenience of readers outside Brazil.
Rio de Janeiro, November 9, 2022
DELOITTE TOUCHE TOHMATSU | Diego Wailer da Silva |
Auditores Independentes Ltda. | Engagement Partner |
2022RJ018380 | |
© 2022. For information, contact Deloitte Global. | 2 |
(Convenience Translation into English from the Original Previously Issued in Portuguese)
OCEANPACT SERVIÇOS MARÍTIMOS S.A.
BALANCE SHEETS AS AT SEPTEMBER 30, 2022 (In thousands of Brazilian reais - R$)
Consolidated | Parent | ||||||||||||||||||
ASSETS | Note | 09/30/2022 | 12/31/2021 | 09/30/2022 | 12/31/2021 | ||||||||||||||
CURRENT ASSETS | |||||||||||||||||||
Cash and cash equivalents | 4 | 74,515 | 491,332 | 39,483 | 376,753 | ||||||||||||||
Marketable securities | 5 | 27,486 | 49,471 | 27,486 | 49,471 | ||||||||||||||
Trade receivables | 6 | 250,169 | 202,364 | 181,583 | 132,497 | ||||||||||||||
Inventories | 7,535 | 5,776 | 3,889 | 3,619 | |||||||||||||||
Dividends receivable | 12 | 2,500 | 1,421 | 1,319 | 2,151 | ||||||||||||||
Recoverable taxes | 7 | 74,215 | 48,346 | 36,810 | 19,997 | ||||||||||||||
Other receivables | 10 | 29,214 | 25,711 | 39,300 | 25,777 | ||||||||||||||
Total current assets | 465,634 | 824,421 | 329,870 | 610,265 | |||||||||||||||
NONCURRENT ASSETS | |||||||||||||||||||
Marketable securities | 5 | 7,916 | 21,241 | - | 12,726 | ||||||||||||||
Recoverable taxes | 7 | 4,892 | 4,597 | 335 | 335 | ||||||||||||||
Escrow deposits | 8 | 6,888 | 6,842 | 5,439 | 5,426 | ||||||||||||||
Deferred taxes | 9 | 144,083 | 142,016 | 50,315 | 46,890 | ||||||||||||||
Other receivables | 10 | 24,589 | 16,773 | 13,552 | 6,518 | ||||||||||||||
Loans to related parties | 23 | - | - | 3,800 | 39,114 | ||||||||||||||
Investments | 11 | 4,010 | 5,727 | 940,554 | 896,419 | ||||||||||||||
Right-of-use assets | 13 | 158,957 | 184,868 | 89,583 | 109,056 | ||||||||||||||
Property and equipment | 14 | 1,409,673 | 1,261,833 | 369,520 | 298,715 | ||||||||||||||
Intangible assets | 15 | 13,759 | 16,822 | 3,012 | 1,899 | ||||||||||||||
Total noncurrent assets | 1,774,767 | 1,660,719 | 1,476,110 | 1,417,098 | |||||||||||||||
TOTAL ASSETS | 2,240,401 | 2,485,140 | 1,805,980 | 2,027,363 | |||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||
CURRENT LIABILITIES | |||||||||||||||||||
Labor obligations | 16 | 75,949 | 57,850 | 49,517 | 32,932 | ||||||||||||||
Trade payables | 17 | 88,606 | 114,153 | 37,516 | 51,464 | ||||||||||||||
Borrowings and financing | 18.1 | 67,981 | 49,150 | 34,515 | 21,891 | ||||||||||||||
Debentures payable | 18.2 | 172,477 | 73,348 | 172,477 | 73,348 | ||||||||||||||
Creditors from financing | 18.3 | 2,402 | 2,529 | 2,402 | 2,529 | ||||||||||||||
Lease liabilities | 19 | 131,879 | 41,379 | 65,240 | 58,809 | ||||||||||||||
Derivative financial instruments | 31 | 3,007 | - | 3,007 | - | ||||||||||||||
Taxes payable | 20 | 22,004 | 25,191 | 14,909 | 14,812 | ||||||||||||||
Other payables | 21 | 17,376 | 10,982 | 3,612 | 2,217 | ||||||||||||||
Total current liabilities | 581,681 | 374,582 | 383,195 | 258,002 | |||||||||||||||
NONCURRENT LIABILITIES | |||||||||||||||||||
Borrowings and financing | 18.1 | 294,190 | 360,666 | 69,975 | 105,542 | ||||||||||||||
Debentures payable | 18.2 | 466,559 | 584,343 | 466,559 | 584,343 | ||||||||||||||
Creditors from financing | 18.3 | 9,610 | 11,396 | 9,610 | 11,396 | ||||||||||||||
Lease liabilities | 19 | 33,225 | 151,755 | 50,475 | 70,678 | ||||||||||||||
Derivative financial instruments | 31 | 520 | - | 520 | - | ||||||||||||||
Intragroup borrowings | 23 | - | - | 51,443 | 72,443 | ||||||||||||||
Taxes payable | 20 | 19,105 | 24,238 | 14,895 | 19,104 | ||||||||||||||
Deferred taxes | 9 | 738 | 762 | - | - | ||||||||||||||
Provision for investment loss | 11 | 358 | 37 | 358 | 2,452 | ||||||||||||||
Other payables | 21 | 54,520 | 51,240 | 7,114 | 4,986 | ||||||||||||||
Provision for risks | 22 | 28,832 | 28,136 | 773 | 432 | ||||||||||||||
Total noncurrent liabilities | 907,657 | 1,212,573 | 671,722 | 871,376 | |||||||||||||||
EQUITY | |||||||||||||||||||
Issued capital | 24.1 | 803,663 | 803,663 | 803,663 | 803,663 | ||||||||||||||
Treasury shares | (1,861) | (2,864) | (1,861) | (2,864) | |||||||||||||||
Capital reserves | 24.2 | 83,589 | 83,589 | 83,589 | 83,589 | ||||||||||||||
Accumulated losses | (171,718) | (49,836) | (171,718) | (49,836) | |||||||||||||||
Other comprehensive income | 24.4 | 37,390 | 63,433 | 37,390 | 63,433 | ||||||||||||||
Total equity | 751,063 | 897,985 | 751,063 | 897,985 | |||||||||||||||
TOTAL LIABILITIES AND EQUITY | 2,240,401 | 2,485,140 | 1,805,980 | 2,027,363 | |||||||||||||||
The accompanying notes are an integral part of this interim financial information. |
3
(Convenience Translation into English from the Original Previously Issued in Portuguese)
OCEANPACT SERVIÇOS MARÍTIMOS S.A.
STATEMENT OF PROFIT OR LOSS
FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2022 (In thousands of Brazilian reais - R$, except earnings per share)
Consolidated | Parent |
Note | |
Net revenue | 25 |
Cost of services | 27 |
Gross profit | |
General and administrative expenses | 27 |
Share of profit (loss) of investees | 11 |
Provision for impairment of assets | 14 |
Other operating income (expenses) | 28 |
Operating profit (loss) before finance income (costs) | |
Finance income | 29 |
Finance costs | 29 |
Finance income (costs) | |
Loss before taxes | |
Income taxes | |
Current income tax and social contribution | 30 |
Deferred income tax and social contribution | 30 |
Loss for the period | |
Basic earnings (loss) per share (R$) | 24.3 |
Diluted earnings (loss) per share (R$) | 24.3 |
07/01/2022 to | 07/01/2021 to | 01/01/2022 to | 01/01/2021 to | 07/01/2022 to | 07/01/2021 to | 01/01/2022 to | 01/01/2021 to | |||||||||||||||||||||||
09/30/2022 | 09/30/2021 | 09/30/2022 | 09/30/2021 | 09/30/2022 | 09/30/2021 | 09/30/2022 | 09/30/2021 | |||||||||||||||||||||||
309,407 | 236,146 | 840,225 | 588,460 | 207,872 | 120,450 | 540,471 | 326,094 | |||||||||||||||||||||||
(265,678) | (187,459) | (739,568) | (490,483) | (154,067) | (93,400) | (441,077) | (254,541) | |||||||||||||||||||||||
43,729 | 48,687 | 100,657 | 97,977 | 53,805 | 27,050 | 99,394 | 71,553 | |||||||||||||||||||||||
(25,813) | (43,260) | (85,123) | (85,223) | (15,209) | (24,932) | (47,748) | (49,783) | |||||||||||||||||||||||
643 | 519 | 2,546 | 2,106 | (38,339) | (26,692) | (54,026) | (40,046) | |||||||||||||||||||||||
(4,020) | - | (4,020) | - | - | - | - | - | |||||||||||||||||||||||
(8,489) | (4,808) | (22,320) | 1,045 | (5,870) | (1,507) | (17,944) | 1,925 | |||||||||||||||||||||||
6,050 | 1,138 | (8,260) | 15,905 | (5,613) | (26,081) | (20,324) | (16,351) | |||||||||||||||||||||||
8,960 | 49,892 | 102,798 | 67,135 | 20,338 | 18,871 | 57,505 | 27,204 | |||||||||||||||||||||||
(50,870) | (90,382) | (213,461) | (121,725) | (47,731) | (26,232) | (161,082) | (48,064) | |||||||||||||||||||||||
(41,910) | (40,490) | (110,663) | (54,590) | (27,393) | (7,361) | (103,577) | (20,860) | |||||||||||||||||||||||
(35,860) | (39,352) | (118,923) | (38,685) | (33,006) | (33,442) | (123,901) | (37,211) | |||||||||||||||||||||||
(1,518) | (3,889) | (3,702) | (4,370) | - | - | - | - | |||||||||||||||||||||||
1,298 | 12,115 | 743 | 10,202 | (3,074) | 2,316 | 2,019 | 4,358 | |||||||||||||||||||||||
(220) | 8,226 | (2,959) | 5,832 | (3,074) | 2,316 | 2,019 | 4,358 | |||||||||||||||||||||||
(36,080) | (31,126) | (121,882) | (32,853) | (36,080) | (31,126) | (121,882) | (32,853) | |||||||||||||||||||||||
(0.18) | (0.16) | (0.61) | (0.17) | (0.18) | (0.16) | (0.61) | (0.17) | |||||||||||||||||||||||
(0.18) | (0.16) | (0.61) | (0.17) | (0.18) | (0.16) | (0.61) | (0.17) |
The accompanying notes are an integral part of this interim financial information.
4
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Oceanpact Servicos Maritimos SA published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 14:24:08 UTC.