(A free translation of the original in Portuguese)
CSU DIGITAL S.A.
Individual and Consolidated Financial Statements March 31, 2024
and independent auditor's report
1
CSU DIGITAL S.A.
Full set of financial statements
At March 31, 2024
Index
Capital | 3 |
Individual of financial statements | |
Balance sheet | 4 |
Statement of income | 6 |
Statement of comprehensive income | 7 |
Statement of changes in equity | 8 |
Statement of cash flows | 10 |
Statement of value added | 11 |
Consolidated of financial statements | |
Balance sheet | 12 |
Statement of income | 14 |
Statement of comprehensive income | 15 |
Statement of changes in equity | 16 |
Statement of cash flows | 18 |
Statement of value added | 19 |
Management Report | 20 |
Notes to the financial statements | 52 |
Other Information | 83 |
Independent auditor's report on review of Full set of financial statements | 84 |
Officers' statement on the financial statements | 86 |
Officers' statement on the independent auditor's report | 88 |
2
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Company information/Capital Composition
Number of Shares | Last Financial Year |
(Thousand) | 03/31/2024 |
Paid-in Capital | |
Ordinary | 41,800 |
Preferenciais | 0 |
Total | 41,800 |
Treasury shares | |
Ordinary | 544 |
Preferenciais | 0 |
Total | 544 |
3
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Individual of financial statements/balance sheet - assets
(R$ thousand)
Code | Description | Current year | Prior year |
03/31/2024 | 12/31/2023 | ||
1 | Total Assets | 667,603 | 606,534 |
1.01 | Current assets | 191,751 | 169,821 |
1.01.01 | Cash and Cash Equivalent | 89,649 | 74,608 |
1.01.03 | Trade receivable | 78.675 | 76,879 |
1.01.03.01 | Customers | 78.675 | 76,879 |
1.01.04 | Inventories | 2,783 | 2,449 |
1.01.06 | Securities | 8,859 | 6,963 |
1.01.06.01 | Current securities | 8,859 | 6,963 |
1.01.06.01.01 | Income tax and social contribution | 6,831 | 5,368 |
1.01.06.01.02 | Other taxes to offset | 2,028 | 1,595 |
1.01.08 | Other current assets | 11,785 | 8,922 |
1.01.08.03 | Others | 11,785 | 8,922 |
1.02 | Non-current assets | 475,852 | 436,713 |
1.02.01 | Long-term assets | 6,495 | 5,701 |
1.02.01.04 | Trade receivable | 212 | 0 |
1.02.01.04.01 | Customers | 212 | 0 |
1.02.01.07 | Taxes recoverable | 1,395 | 1,395 |
1.02.01.07.02 | Taxes to offset | 1,395 | 1,395 |
1.02.01.10 | Other non-current assets | 4,888 | 4,306 |
1.02.01.10.03 | Judicial deposits | 3,756 | 4,093 |
1.02.01.10.04 | Others | 1,132 | 213 |
1.02.02 | Investments | 31,391 | 31,955 |
1.02.02.01 | Investment Properties | 31,391 | 31,955 |
1.02.02.01.04 | Other Investments | 31,391 | 31,955 |
1.02.03 | Fixed assets | 105,205 | 76,960 |
1.02.03.01 | Fixed assets in operation | 14,793 | 14,879 |
1.02.03.01.01 | Fixed assets in operation | 14,793 | 14,879 |
1.02.03.02 | Right of use leased assets | 90,412 | 62,081 |
1.02.04 | Intangibles | 332,761 | 322,097 |
1.02.04.01 | Intangibles | 332,761 | 322,097 |
1.02.04.01.02 | Computerized systems | 306,867 | 296,203 |
1.02.04.01.03 | Goodwill (indefinite lived asset) | 25,894 | 25,894 |
4
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Individual of financial statements/balance sheet - liabilities and equity
(R$ thousand)
Code | Description | Current year | Prior year |
03/31/2024 | 12/31/2023 | ||
2 | Total Liabilities | 667,603 | 606,534 |
2.01 | Current Liabilities | 151,054 | 121,801 |
2.01.01 | Social and Labor Obligations | 49,700 | 47,884 |
2.01.01.01 | Social obligations | 6,811 | 8,991 |
2.01.01.02 | Labor obligations | 42,889 | 38,893 |
2.01.02 | Suppliers | 40,288 | 35,345 |
2.01.02.01 | Domestic suppliers | 40,288 | 35,345 |
2.01.03 | Tax obligations | 5,619 | 5,460 |
2.01.03.01 | Federal Tax obligations | 2,731 | 2,271 |
2.01.03.01.03 | Other federal taxes | 2,731 | 2,271 |
2.01.03.03 | Municipal Tax obligations | 2,888 | 3,189 |
2.01.04 | Loans and Financing | 39,773 | 25,576 |
2.01.04.01 | Loans and Financing | 4,961 | 4,929 |
2.01.04.01.01 | In Brazilian Reais | 4,961 | 4,929 |
2.01.04.03 | Lease liabilities | 34,812 | 20,647 |
2.01.04.03.01 | Leasing liabilities | 34,812 | 20,647 |
2.01.05 | Other obligations | 15,674 | 7,536 |
2.01.05.02 | Others | 15,674 | 7,536 |
2.01.05.02.01 | Dividends and Interest on Equity | 5,696 | 0 |
2.01.05.02.04 | Other obligations | 9,978 | 7,536 |
2.02 | Non-current liabilities | 69,237 | 55,377 |
2.02.01 | Loans and Financing | 51,814 | 38,179 |
2.02.01.01 | Loans and Financing | 423 | 1,689 |
2.02.01.01.01 | In Brazilian Reais | 423 | 1,689 |
2.02.01.03 | Lease liabilities | 51,391 | 36,490 |
2.02.01.03.01 | Leasing liabilities | 51,391 | 36,490 |
2.02.03 | Deferred Taxes | 8,421 | 8,458 |
2.02.03.01 | Deferred Income Tax and Social Contribution | 8,421 | 8,458 |
2.02.04 | Provisions | 9,002 | 8,740 |
2.02.04.01 | Social security, labor and civil tax provisions | 9,002 | 8,740 |
2.02.04.01.01 | Tax provisions | 6,098 | 5,765 |
2.02.04.01.02 | Provisions for Social Security and Labor | 2,291 | 2,381 |
2.02.04.01.04 | Civil Provisions | 613 | 594 |
2.03 | Net equity | 447,312 | 429,356 |
2.03.01 | Paid-in Capital Stock | 229,232 | 229,232 |
2.03.02 | Capital reserves | 3,222 | 3,009 |
2.03.02.04 | Options Granted | 3,222 | 3,009 |
2.03.04 | Profit Reserves | 197,146 | 197,146 |
2.03.04.01 | Legal reserve | 33,580 | 29,901 |
2.03.04.05 | Profit Retention Reserve | 166,630 | 170,309 |
2.03.04.09 | Shares in Treasury | -3,064 | -3,064 |
2.03.05 | Accumulated Profit/Loss | 17,732 | 0 |
2.03.08 | Other Comprehensive Results | -20 | -31 |
5
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Individual of financial statements/statement of income
(R$ thousand unless otherwise stated)
Code | Description | Current year to date | Prior year to date |
1/1/2024 to 03/31/2024 | 1/1/2023 to 03/31/2023 | ||
3.01 | Revenue from the Sale of Goods and / or Services | 139,228 | 132,842 |
3.02 | Cost of Goods and / or Services Sold | -80,756 | -82,432 |
3.03 | Gross profit | 58,472 | 50,410 |
3.04 | Operating Expenses / Revenues | -24,714 | -22,975 |
3.04.01 | Selling Expenses | -1,503 | -2,238 |
3.04.02 | General and Administrative Expenses | -22,527 | -20,762 |
3.04.04 | Other Operating Income | 253 | 698 |
3.04.05 | Other Operating Expenses | 632 | -673 |
3.04.05.01 | Other Operating Expenses | 632 | -673 |
3.04.06 | Equity pick-up | -1,569 | 0 |
3.05 | Result Before Financial Result and Taxes | 33,758 | 27,435 |
3.06 | Financial result | -143 | -147 |
3.06.01 | Financial income | 2,587 | 3,377 |
3.06.02 | Financial expenses | -2,730 | -3,524 |
3.07 | Result Before Taxes on Profit | 33,615 | 27,288 |
3.08 | Income Tax and Social Contribution on Profit | -9,383 | -7,087 |
3.08.01 | Current | -9,420 | -7,410 |
3.08.02 | Deferred | 37 | 323 |
3.09 | Net Income from Continuing Operations | 24,232 | 20,201 |
3.11 | Profit / Loss for the Period | 24,232 | 20,201 |
6
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Individual of financial statements/statement of comprehensive income
(R$ thousand)
Code | Description | Current year to date | Prior year to date |
1/1/2024 to 03/31/2024 | 1/1/2023 to 03/31/2023 | ||
4.01 | Profit / Loss for the period | 24,232 | 20,201 |
4.02 | Others Comprehensive Income for the period | -20 | 0 |
4.03 | Comprehensive Income for the period | 24,212 | 20,201 |
7
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Individual of financial statements /statement of changes in equity - 1/1/2024 to 03/31/2024 (R$ thousand)
Paid-up | Capital reserves, | Revenue | Retained | Other | |||
Code | Description | share options and | comprehensive | Equity | |||
capital | reserves | earnings | |||||
treasury shares | income | ||||||
5.01 | Opening Balances | 229,232 | 3,009 | 183,578 | 0 | 13,537 | 429,356 |
5.02 | Adjustments from Previous Exercises | 0 | 0 | 0 | 0 | 0 | 0 |
5.03 | Adjusted Opening Balances | 229,232 | 3,009 | 183,578 | 0 | 13,537 | 429,356 |
5.04 | Capital Transactions with Partners | 0 | 213 | 0 | -6,500 | 0 | -6,287 |
5.04.03 | Options Granted | 0 | 213 | 0 | 0 | 0 | 213 |
5.04.07 | Interest on Equity | 0 | 0 | 0 | -6,500 | 0 | -6,500 |
5.05 | Total Comprehensive Income | 0 | 0 | 0 | 24,232 | 11 | 24,243 |
5.05.01 | Profit / Loss for the Period | 0 | 0 | 0 | 24,232 | 0 | 24,232 |
5.05.02 | Others Comprehensive Income | 0 | 0 | 0 | 0 | 11 | 11 |
5.05.02.04 | Period Conversion Adjustments | 0 | 0 | 0 | 0 | 11 | 11 |
5.06 | Profit allocation | 0 | 0 | 0 | 0 | 0 | 0 |
5.07 | Final balance | 229,232 | 3,222 | 183,578 | 17,732 | 13,548 | 447,312 |
8
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Individual of financial statements/statement of changes in equity - 1/1/2023 to 03/31/2023 (R$ thousand)
Paid-up | Capital reserves, | Revenue | Retained | Other | |||
Code | Description | share options and | comprehensive | Equity | |||
capital | reserves | earnings | |||||
treasury shares | income | ||||||
5.01 | Opening Balances | 169,232 | 2,402 | 196,644 | 0 | 13,568 | 381,846 |
5.02 | Adjustments from Previous Exercises | 0 | 0 | 0 | 0 | 0 | 0 |
5.03 | Adjusted Opening Balances | 169,232 | 2,402 | 196,644 | 0 | 13,568 | 381,846 |
5.04 | Capital Transactions with Partners | 0 | 218 | 0 | -6,000 | 0 | -5,782 |
5.04.03 | Options Granted | 0 | 218 | 0 | 0 | 0 | 218 |
5.04.07 | Interest on Equity | 0 | 0 | 0 | -6,000 | 0 | -6,000 |
5.05 | Total Comprehensive Income | 0 | 0 | 0 | 20,201 | 0 | 20,201 |
5.05.01 | Profit / Loss for the Period | 0 | 0 | 0 | 20,201 | 0 | 20,201 |
5.06 | Profit allocation | 0 | 0 | 14,201 | -14,201 | 0 | 0 |
5.06.01 | Retained profits | 0 | 0 | 14,201 | -14,201 | 0 | 0 |
5.07 | Final balance | 169,232 | 2,620 | 210,845 | 0 | 13,568 | 396,265 |
9
(A free translation of the original in Portuguese)
Full set of financial statements - 03/31/2024- CSU DIGITAL S.A.
Individual of financial statements/statement of cash flows - indirect method
(R$ thousand)
Current year | Prior year | ||
Code | Description | 1/1/2024 to | 1/1/2023 to |
03/31/2024 | 03/31/2023 | ||
6.01 | Net Cash from Operating Activities | 41,952 | 36,737 |
6.01.01 | Cash generated from operations | 43,442 | 40,684 |
6.01.01.01 | Profit / Loss for the Period | 24,232 | 20,201 |
6.01.01.02 | Depreciation and amortization | 14,282 | 16,099 |
6.01.01.03 | Residual value of assets written off | 523 | 190 |
6.01.01.04 | Interest and indexation charges | 3,045 | 3,266 |
6.01.01.05 | Equity instrument for payment in shares | 213 | 218 |
6.01.01.06 | Estimated losses on allowance for loan losses | -553 | 111 |
6.01.01.07 | Provision for legal liabilities | 168 | 922 |
6.01.01.08 | Deferred Income Tax and Social Contribution | -37 | -323 |
6.01.01.09 | Equity pick-up | 1,569 | 0 |
6.01.02 | Changes in Assets and Liabilities | 9,252 | 2,806 |
6.01.02.01 | Trade receivables | -1,243 | 3,266 |
6.01.02.02 | Inventories | -334 | 926 |
6.01.02.03 | Judicial deposits | 337 | 300 |
6.01.02.04 | Other Assets | -6,083 | -2,835 |
6.01.02.05 | Suppliers | 4,943 | -5,178 |
6.01.02.06 | Salaries and Social Charges | 1,604 | 2,279 |
6.01.02.07 | Contingencies | -126 | -1,243 |
6.01.02.08 | Other liabilities | 10,154 | 5,291 |
6.01.03 | Others | -10,742 | -6,753 |
6.01.03.01 | Interest Paid | -2,385 | -2,5 |
6.01.03.02 | Income Tax and Social Contribution Paid | -8,357 | -4,253 |
6.02 | Net Cash Used in Investing Activities | -17,609 | -12,491 |
6.02.01 | Acquisition of property, plant and equipment | -910 | -361 |
6.02.02 | Acquisition of intangible assets | -15,705 | -12,13 |
6.02.04 | Investments | -994 | 0 |
6.03 | Net Cash Used in Financing Activities | -9,302 | -30,304 |
6.03.02 | Amortization of Loans and Financing | -1,225 | -2,968 |
6.03.04 | Dividends and Interest on Equity Paid | 0 | -19,191 |
6.03.05 | Amortization of Lease Liabilities | -8,077 | -8,145 |
6.05 | Decrease in Cash and Cash Equivalents | 15,041 | -6,058 |
6.05.01 | Opening Balance of Cash and Cash Equivalents | 74,608 | 86,455 |
6.05.02 | Closing Balance of Cash and Cash Equivalents | 89,649 | 80,397 |
10