(A free translation of the original in Portuguese)
CSU DIGITAL S.A.
Individual and Consolidated Financial Statements June 30, 2024
and independent auditor's report
1
CSU DIGITAL S.A.
Full set of financial statements
At June 30, 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 | 87 |
Independent auditor's report on review of Full set of financial statements | 88 |
Officers' statement on the financial statements | 90 |
Officers' statement on the independent auditor's report | 92 |
2
(A free translation of the original in Portuguese)
Full set of financial statements - 06/30/2024- CSU DIGITAL S.A.
Company information/Capital Composition
Number of Shares | Last Financial Year |
(Thousand) | 06/30/2024 |
Paid-in Capital | |
Ordinary | 41,800 |
Preferenciais | 0 |
Total | 41,800 |
Treasury shares | |
Ordinary | 522 |
Preferenciais | 0 |
Total | 522 |
3
(A free translation of the original in Portuguese)
Full set of financial statements - 06/30/2024- CSU DIGITAL S.A.
Individual of financial statements/balance sheet - assets
(R$ thousand)
Code | Description | Current year | Prior year |
06/30/2024 | 12/31/2023 | ||
1 | Total Assets | 659,735 | 606,534 |
1.01 | Current assets | 182,173 | 169,821 |
1.01.01 | Cash and Cash Equivalent | 78,128 | 74,608 |
1.01.03 | Trade receivable | 83,829 | 76,879 |
1.01.03.01 | Customers | 83,829 | 76,879 |
1.01.04 | Inventories | 3,063 | 2,449 |
1.01.06 | Securities | 6,471 | 6,963 |
1.01.06.01 | Current securities | 6,471 | 6,963 |
1.01.06.01.01 | Income tax and social contribution | 4,436 | 5,368 |
1.01.06.01.02 | Other taxes to offset | 2,035 | 1,595 |
1.01.08 | Other current assets | 10,682 | 8,922 |
1.01.08.03 | Others | 10,682 | 8,922 |
1.02 | Non-current assets | 477,562 | 436,713 |
1.02.01 | Long-term assets | 5,592 | 5,701 |
1.02.01.07 | Taxes recoverable | 1,086 | 1,395 |
1.02.01.07.02 | Taxes to offset | 1,086 | 1,395 |
1.02.01.10 | Other non-current assets | 4,506 | 4,306 |
1.02.01.10.03 | Judicial deposits | 3,397 | 4,093 |
1.02.01.10.04 | Others | 1,109 | 213 |
1.02.02 | Investments | 32,367 | 31,955 |
1.02.02.01 | Investment Properties | 32,367 | 31,955 |
1.02.02.01.04 | Other Investments | 32,367 | 31,955 |
1.02.03 | Fixed assets | 96,191 | 76,960 |
1.02.03.01 | Fixed assets in operation | 14,511 | 14,879 |
1.02.03.01.01 | Fixed assets in operation | 14,511 | 14,879 |
1.02.03.02 | Right of use leased assets | 81,680 | 62,081 |
1.02.04 | Intangibles | 343,412 | 322,097 |
1.02.04.01 | Intangibles | 343,412 | 322,097 |
1.02.04.01.02 | Computerized systems | 317,518 | 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 - 06/30/2024- CSU DIGITAL S.A.
Individual of financial statements/balance sheet - liabilities and equity
(R$ thousand)
Code | Description | Current year | Prior year |
06/30/2024 | 12/31/2023 | ||
2 | Total Liabilities | 659,735 | 606,534 |
2.01 | Current Liabilities | 151,240 | 121,801 |
2.01.01 | Social and Labor Obligations | 53,458 | 47,884 |
2.01.01.01 | Social obligations | 7,033 | 8,991 |
2.01.01.02 | Labor obligations | 46,425 | 38,893 |
2.01.02 | Suppliers | 39,296 | 35,345 |
2.01.02.01 | Domestic suppliers | 39,296 | 35,345 |
2.01.03 | Tax obligations | 5,727 | 5,460 |
2.01.03.01 | Federal Tax obligations | 3,014 | 2,271 |
2.01.03.01.03 | Other federal taxes | 3,014 | 2,271 |
2.01.03.03 | Municipal Tax obligations | 2,713 | 3,189 |
2.01.04 | Loans and Financing | 37,581 | 25,576 |
2.01.04.01 | Loans and Financing | 4,150 | 4,929 |
2.01.04.01.01 | In Brazilian Reais | 4,150 | 4,929 |
2.01.04.03 | Lease liabilities | 33,431 | 20,647 |
2.01.04.03.01 | Leasing liabilities | 33,431 | 20,647 |
2.01.05 | Other obligations | 15,178 | 7,536 |
2.01.05.02 | Others | 15,178 | 7,536 |
2.01.05.02.01 | Dividends and Interest on Equity | 5,698 | 0 |
2.01.05.02.04 | Other obligations | 9,480 | 7,536 |
2.02 | Non-current liabilities | 62,238 | 55,377 |
2.02.01 | Loans and Financing | 44,534 | 38,179 |
2.02.01.01 | Loans and Financing | 0 | 1,689 |
2.02.01.01.01 | In Brazilian Reais | 0 | 1,689 |
2.02.01.03 | Lease liabilities | 44,534 | 36,490 |
2.02.01.03.01 | Leasing liabilities | 44,534 | 36,490 |
2.02.03 | Deferred Taxes | 8,344 | 8,458 |
2.02.03.01 | Deferred Income Tax and Social Contribution | 8,344 | 8,458 |
2.02.04 | Provisions | 9,360 | 8,740 |
2.02.04.01 | Social security, labor and civil tax provisions | 9,360 | 8,740 |
2.02.04.01.01 | Tax provisions | 6,443 | 5,765 |
2.02.04.01.02 | Provisions for Social Security and Labor | 2,288 | 2,381 |
2.02.04.01.04 | Civil Provisions | 629 | 594 |
2.03 | Net equity | 446,257 | 429,356 |
2.03.01 | Paid-in Capital Stock | 229,232 | 229,232 |
2.03.02 | Capital reserves | 3,447 | 3,009 |
2.03.02.04 | Options Granted | 3,447 | 3,009 |
2.03.04 | Profit Reserves | 179,835 | 197,146 |
2.03.04.01 | Legal reserve | 29,901 | 29,901 |
2.03.04.05 | Profit Retention Reserve | 152,997 | 170,309 |
2.03.04.09 | Shares in Treasury | -3,063 | -3,064 |
2.03.05 | Accumulated Profit/Loss | 33,687 | 0 |
2.03.08 | Other Comprehensive Results | 56 | -31 |
5
(A free translation of the original in Portuguese)
Full set of financial statements - 06/30/2024- CSU DIGITAL S.A.
Individual of financial statements/statement of income
(R$ thousand unless otherwise stated)
Code Description
Current quarter to date | Current year to date | Prior quarter to date | Prior year to date |
4/1/2024 to 06/30/2024 | 1/1/2024 to 06/30/2024 | 4/1/2023 to 06/30/2023 | 1/1/2023 to 06/30/2023 |
3.01 Revenue from the Sale of Goods and / or Services
3.02 Cost of Goods and / or Services Sold
3.03 Gross profit
3.04 Operating Expenses / Revenues
3.04.01 Selling Expenses
3.04.02 General and Administrative Expenses
3.04.04 Other Operating Income
3.04.05 Other Operating Expenses 3.04.05.01 Other Operating Expenses
3.04.06 Equity pick-up
3.05 Result Before Financial Result and Taxes
3.06 Financial result
3.06.01 Financial income
3.06.02 Financial expenses
3.07 Result Before Taxes on Profit
3.08 Income Tax and Social Contribution on Profit
3.08.01 Current
3.08.02 Deferred
3.09 Net Income from Continuing Operations
3.11 Profit / Loss for the Period
141,800 -82,833 58,967 -25,928-2,306-23,402
421 -89-89-522 33,039 -1,255 1,600 -2,855 31,784 -9,329-9,406 77 22,455 22,455
281,024 -163,588 117,436 -50,638-3,809-45,926 674 544 544 -2,121 66,798 -1,399 4,186 -5,585 65,399 -18,712-18,826 114 46,687 46,687
129,356 -78,713 50,643 -23,259-2,044-21,913
1,102 -404-404 0 27,384 673 3,459 -2,786 28,057 -7,572-6,042-1,530 20,485 20,485
262,198 -161,145 101,053 -46,234-4,282-42,675 1,800 -1,077-1,077 0 54,819 526 6,836 -6,310 55,345 -14,659-13,452-1,207 40,686 40,686
6
(A free translation of the original in Portuguese)
Full set of financial statements - 06/30/2024- CSU DIGITAL S.A.
Individual of financial statements/statement of comprehensive income
(R$ thousand)
Code | Description | Current quarter to date | Current year to date | Prior quarter to date | Prior year to date |
4/1/2024 to 06/30/2024 | 1/1/2024 to 06/30/2024 | 4/1/2023 to 06/30/2023 | 1/1/2023 to 06/30/2023 | ||
4.01 | Profit / Loss for the period | 22,455 | 46,687 | 20,485 | 40,686 |
4.02 | Others Comprehensive Income for the period | 76 | 56 | 0 | 0 |
4.03 | Comprehensive Income for the period | 22,531 | 46,743 | 20,485 | 40,686 |
7
(A free translation of the original in Portuguese)
Full set of financial statements - 06/30/2024- CSU DIGITAL S.A.
Individual of financial statements /statement of changes in equity - 1/1/2024 to 06/30/2024 (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 | 438 | -17,312 | -13,000 | 0 | -29,874 |
5.04.03 | Options Granted | 0 | 438 | 0 | 0 | 0 | 438 |
5.04.06 | Dividends | 0 | 0 | -17,312 | 0 | 0 | -17,312 |
5.04.07 | Interest on Equity | 0 | 0 | 0 | -13,000 | 0 | -13,000 |
5.05 | Total Comprehensive Income | 0 | 0 | 0 | 46,687 | 87 | 46,774 |
5.05.01 | Profit / Loss for the Period | 0 | 0 | 0 | 46,687 | 0 | 46,687 |
5.05.02 | Others Comprehensive Income | 0 | 0 | 0 | 0 | 87 | 87 |
5.05.02.04 | Period Conversion Adjustments | 0 | 0 | 0 | 0 | 87 | 87 |
5.06 | Profit allocation | 0 | 0 | 0 | 0 | 0 | 0 |
5.07 | Final balance | 229,232 | 3,447 | 166,266 | 33,687 | 13,624 | 446,256 |
8
(A free translation of the original in Portuguese)
Full set of financial statements - 06/30/2024- CSU DIGITAL S.A.
Individual of financial statements/statement of changes in equity - 1/1/2023 to 06/30/2023 (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 | 60,000 | 370 | -74,585 | -12,500 | 0 | -26,715 |
5.04.01 | Capital Increase | 60,000 | 0 | -60,000 | 0 | 0 | 0 |
5.04.03 | Options Granted | 0 | 370 | 0 | 0 | 0 | 370 |
5.04.06 | Dividends | 0 | 0 | -14,585 | 0 | 0 | -14,585 |
5.04.07 | Interest on Equity | 0 | 0 | 0 | -12,500 | 0 | -12,500 |
5.05 | Total Comprehensive Income | 0 | 0 | 0 | 40,686 | 0 | 40,686 |
5.05.01 | Profit / Loss for the Period | 0 | 0 | 0 | 40,686 | 0 | 40,686 |
5.06 | Profit allocation | 0 | 0 | 0 | 0 | 0 | 0 |
5.06.01 | Retained profits | 0 | 0 | 0 | 0 | 0 | 0 |
5.07 | Final balance | 229,232 | 2,772 | 122,059 | 28,186 | 13,568 | 395,817 |
9
(A free translation of the original in Portuguese)
Full set of financial statements - 06/30/2024- 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 |
06/30/2024 | 06/30/2023 | ||
6.01 | Net Cash from Operating Activities | 82,460 | 73,952 |
6.01.01 | Cash generated from operations | 85,214 | 82,496 |
6.01.01.01 | Profit / Loss for the Period | 46,687 | 40,686 |
6.01.01.02 | Depreciation and amortization | 29,287 | 31,819 |
6.01.01.03 | Residual value of assets written off | 529 | 296 |
6.01.01.04 | Interest and indexation charges | 6,295 | 5,768 |
6.01.01.05 | Equity instrument for payment in shares | 438 | 372 |
6.01.01.06 | Estimated losses on allowance for loan losses | -471 | 926 |
6.01.01.07 | Provision for legal liabilities | -113 | 1,207 |
6.01.01.08 | Deferred Income Tax and Social Contribution | 441 | 1,422 |
6.01.01.09 | Equity pick-up | 2,121 | 0 |
6.01.02 | Changes in Assets and Liabilities | 15,594 | 4,915 |
6.01.02.01 | Trade receivables | -6,479 | 4,838 |
6.01.02.02 | Inventories | -614 | 665 |
6.01.02.03 | Judicial deposits | 696 | 1,894 |
6.01.02.04 | Other Assets | -2,801 | 601 |
6.01.02.05 | Suppliers | 3,951 | -8,511 |
6.01.02.06 | Salaries and Social Charges | 5,382 | 803 |
6.01.02.07 | Contingencies | -539 | -3,433 |
6.01.02.08 | Other liabilities | 15,998 | 8,058 |
6.01.03 | Others | -18,348 | -13,459 |
6.01.03.01 | Interest Paid | -2,955 | -4,758 |
6.01.03.02 | Income Tax and Social Contribution Paid | -15,393 | -8,701 |
6.02 | Net Cash Used in Investing Activities | -35,518 | -31,524 |
6.02.01 | Acquisition of property, plant and equipment | -1,387 | -3,126 |
6.02.02 | Acquisition of intangible assets | -31,684 | -27,121 |
6.02.04 | Investments | -2,447 | -1,277 |
6.03 | Net Cash Used in Financing Activities | -43,422 | -61,839 |
6.03.02 | Amortization of Loans and Financing | -2,458 | -5,973 |
6.03.04 | Dividends and Interest on Equity Paid | -23,008 | -39,338 |
6.03.05 | Amortization of Lease Liabilities | -17,956 | -16,528 |
6.05 | Decrease in Cash and Cash Equivalents | 3,520 | -19,411 |
6.05.01 | Opening Balance of Cash and Cash Equivalents | 74,608 | 86,455 |
6.05.02 | Closing Balance of Cash and Cash Equivalents | 78,128 | 67,044 |
10