FORM 6-K/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November, 2016
Brazilian Distribution Company
(Translation of Registrant’s Name Into English)
Av. Brigadeiro Luiz Antonio,
3142 São Paulo, SP 01402-901
Brazil
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F)
Form 20-F X Form 40-F
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (1)):
Yes ___ No X
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (7)):
Yes ___ No X
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes ___ No X
|
|
(FreeTranslation into English from the Original
Companhia Brasileira Individual and Consolidated
Deloitte Touche Tohmatsu Auditores Independentes |
(Convenience Translation into English from the Original Previously Issued in Portuguese)
REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION
To the Shareholders, Directors and Officers of
Companhia Brasileira de Distribuição
São Paulo - SP
Introduction
We have reviewed the accompanying individual and consolidated interim financial information of Companhia Brasileira de Distribuição (the “Company”), included in the Interim Financial Information Form (ITR), for the quarter ended September 30, 2015, which comprises the balance sheet as of September 30, 2015 and the related statements of profit or loss and of comprehensive income for the three- and nine-month periods then ended, and the statements of changes in equity and of cash flows for the nine-month period then ended, including the explanatory notes.
Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) 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 an opinion 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 interim financial information
Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the ITR referred to above is not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34 applicable to the preparation of Interim Financial Information (ITR) and presented in accordance with the standards issued by the CVM.
Emphasis of matter
On October 29, 2015, we issued an unqualified review report on the Company’s individual and consolidated interim financial information for the quarter ended September 30, 2015, which is being restated. We draw attention to note 1.1 to the interim financial information, which describes that this interim financial information was amended and is being restated to reflect the adjustments identified after the completion of the investigation on indirect subsidiary Cnova Comércio Eletrônico S.A. Our conclusion remains unqualified, since the interim financial information were adjusted retrospectively.
Other matters
Statements of value added
We have also reviewed the individual and consolidated interim statements of value added (“DVA”) for the nine-month period ended September 30, 2015, prepared under Management’s responsibility, the presentation of which is required by the standards issued by the CVM applicable to the preparation of Interim Financial Information (ITR), and is considered as supplemental information under International Financial Reporting Standards - IFRSs, which do not require the presentation of a DVA. These statements, which were amended and are being restated to reflect the adjustments described in note 1.1 to the interim financial information, were subject to the same review procedures described above, and, based on our review, nothing has come to our attention that causes us to believe that they are not prepared, in all material respects, consistently with the interim financial information taken as a whole.
The accompanying interim financial information has been translated into English for the convenience of readers outside Brazil.
São Paulo, October 27, 2016
|
DELOITTE TOUCHE TOHMATSU |
Eduardo Franco Tenório |
|
Auditores Independentes |
Engagement Partner |
© 2016 Deloitte Touche Tohmatsu. All rights reserved.
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
Companhia Brasileira de Distribuição
|
Company Information |
|
|
Capital Composition |
2 |
|
Cash Dividends |
3 |
|
Individual Interim Financial Information |
|
|
Balance Sheet – Assets |
4 |
|
Balance Sheet – Liabilities |
5 |
|
Statement of Income |
6 |
|
Statement of Comprehensive Income |
7 |
|
Statement of Cash Flows |
8 |
|
Statement of Changes in Shareholders’ Equity |
|
|
1/1/2015 to 9/30/2015 |
9 |
|
1/1/2014 to 9/30/2014 |
10 |
|
Statement of Value Added |
11 |
|
Consolidated Interim Financial Information |
|
|
Balance Sheet – Assets |
12 |
|
Balance Sheet – Liabilities |
13 |
|
Statement of Income |
14 |
|
Statement of Comprehensive Income |
15 |
|
Statement of Cash Flows |
16 |
|
Statement of Changes in Shareholders’ Equity |
|
|
1/1/2015 to 9/30/2015 |
17 |
|
1/1/2014 to 9/30/2014 |
18 |
|
Statement of Value Added |
19 |
|
Notes to the Interim Financial Information |
20 |
|
Other information deemed as relevant by the Company |
87 |
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Number of Shares (thousand) |
Current Quarter 09/30/2015 |
|
Share Capital |
|
|
Common |
99,680 |
|
Preferred |
166,017 |
|
Total |
265,697 |
|
Treasury Shares |
|
|
Common |
- |
|
Preferred |
233 |
|
Total |
233 |
2
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
Company Information / Cash Dividends
|
Event |
Approval |
Type |
Date of Payment |
Type of Share |
Amount per share (Reais/ share) |
|
Annual and Special Shareholders’ Meeting |
4/24/2015 |
Dividend |
4/25/2015 |
Commom |
0.68899 |
|
Annual and Special Shareholders’ Meeting |
4/24/2015 |
Dividend |
4/25/2015 |
Preferred |
0.75789 |
|
Board of Directors’ Meeting |
5/7/2015 |
Dividend |
5/28/2015 |
Commom |
0.13636 |
|
Board of Directors’ Meeting |
5/7/2015 |
Dividend |
5/28/2015 |
Preferred |
0.15000 |
|
Board of Directors’ Meeting |
7/28/2015 |
Dividend |
8/8/2015 |
Commom |
0.13636 |
|
Board of Directors’ Meeting |
7/28/2015 |
Dividend |
8/8/2015 |
Preferred |
0.15000 |
3
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Balance Sheet - Assets | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Current Quarter |
Previous Year |
|
1 |
Total Assets |
21,599,000 |
23,123,000 |
|
1.01 |
Current Assets |
4,740,000 |
6,118,000 |
|
1.01.01 |
Cash and Cash Equivalents |
1,744,000 |
2,923,000 |
|
1.01.03 |
Accounts Receivable |
317,000 |
380,000 |
|
1.01.03.01 |
Trade Receivables |
193,000 |
305,000 |
|
1.01.03.02 |
Other Receivables |
124,000 |
75,000 |
|
1.01.04 |
Inventories |
2,384,000 |
2,487,000 |
|
1.01.06 |
Recoverable Taxes |
125,000 |
105,000 |
|
1.01.07 |
Prepaid Expenses |
78,000 |
41,000 |
|
1.01.08 |
Other Current Assets |
92,000 |
182,000 |
|
1.02 |
Noncurrent Assets |
16,859,000 |
17,005,000 |
|
1.02.01 |
Long-term Assets |
1,443,000 |
1,373,000 |
|
1.02.01.03 |
Accounts Receivable |
71,000 |
82,000 |
|
1.02.01.06 |
Deferred Taxes |
28,000 |
56,000 |
|
1.02.01.07 |
Prepaid Expenses |
20,000 |
25,000 |
|
1.02.01.08 |
Receivables from Related Parties |
305,000 |
398,000 |
|
1.02.01.09 |
Other Noncurrent Assets |
1,019,000 |
812,000 |
|
1.02.01.09.04 |
Recoverable Taxes |
542,000 |
392,000 |
|
1.02.01.09.05 |
Restricted Deposits for Legal Proceedings |
477,000 |
420,000 |
|
1.02.02 |
Investments |
7,926,000 |
8,312,000 |
|
1.02.02.01 |
Investments in Associates and Subsidiaries |
7,902,000 |
8,288,000 |
|
1.02.02.02 |
Investment properties |
24,000 |
24,000 |
|
1.02.03 |
Property and Equipment, Net |
6,275,000 |
6,125,000 |
|
1.02.04 |
Intangible Assets |
1,215,000 |
1,195,000 |
4
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Balance Sheet - Liabilities | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Current Quarter |
Previous Year |
|
2 |
Total Liabilities |
21,599,000 |
23,123,000 |
|
2.01 |
Current Liabilities |
6,773,000 |
8,825,000 |
|
2.01.01 |
Payroll and Related Taxes |
362,000 |
335,000 |
|
2.01.02 |
Trade Payables |
2,334,000 |
3,180,000 |
|
2.01.03 |
Taxes and Contributions Payable |
122,000 |
183,000 |
|
2.01.04 |
Borrowings and Financing |
1,677,000 |
2,895,000 |
|
2.01.05 |
Other Liabilities |
2,272,000 |
2,231,000 |
|
2.01.05.01 |
Payables to Related Parties |
1,741,000 |
1,751,000 |
|
2.01.05.02 |
Other |
531,000 |
480,000 |
|
2.01.05.02.01 |
Dividends and Interest on Capital Payable |
1,000 |
194,000 |
|
2.01.05.02.04 |
Utilities |
2,000 |
2,000 |
|
2.01.05.02.05 |
Rent Payable |
47,000 |
52,000 |
|
2.01.05.02.06 |
Advertisement Payable |
31,000 |
39,000 |
|
2.01.05.02.07 |
Pass-through to Third Parties |
8,000 |
8,000 |
|
2.01.05.02.08 |
Financing Related to Acquisition of Assets |
51,000 |
80,000 |
|
2.01.05.02.09 |
Deferred Revenue |
32,000 |
4,000 |
|
2.01.05.02.11 |
Other Payables |
332,000 |
66,000 |
|
2.01.05.02.12 |
Loyalty Program |
27,000 |
35,000 |
|
2.01.06 |
Provisions |
6,000 |
1,000 |
|
2.02 |
Noncurrent Liabilities |
4,458,000 |
3,821,000 |
|
2.02.01 |
Borrowings and Financing |
3,247,000 |
2,631,000 |
|
2.02.02 |
Other Liabilities |
683,000 |
642,000 |
|
2.02.02.02 |
Other |
683,000 |
642,000 |
|
2.02.02.02.03 |
Taxes Payable in Installments |
580,000 |
617,000 |
|
2.02.02.02.05 |
Financing Related to Acquisition of Assets |
4,000 |
8,000 |
|
2.02.02.02.07 |
Other Accounts Payable |
17,000 |
17,000 |
|
2.02.02.02.08 |
Provision for Negative Equity |
82,000 |
- |
|
2.02.04 |
Provision for risks |
499,000 |
483,000 |
|
2.02.06 |
Deferred Revenue |
29,000 |
65,000 |
|
2.03 |
Shareholders’ Equity |
10,368,000 |
10,477,000 |
|
2.03.01 |
Share Capital |
6,806,000 |
6,792,000 |
|
2.03.02 |
Capital Reserves |
300,000 |
282,000 |
|
2.03.02.04 |
Options Granted |
293,000 |
275,000 |
|
2.03.02.07 |
Capital Reserve |
7,000 |
7,000 |
|
2.03.04 |
Earnings Reserve |
3,185,000 |
3,402,000 |
|
2.03.04.01 |
Legal Reserve |
413,000 |
413,000 |
|
2.03.04.05 |
Earnings Retention Reserve |
256,000 |
1,747,000 |
|
2.03.04.10 |
Expansion Reserve |
2,624,000 |
1,135,000 |
|
2.03.04.12 |
Transactions with non-controlling interests |
104,000 |
107,000 |
|
2.03.04.14 |
Settlement of Equity Instrument |
(212,000) |
- |
|
2.03.05 |
Retained Earnings/ Accumulated Losses |
171,000 |
- |
|
2.03.08 |
Other Comprehensive Income |
(94,000) |
1,000 |
5
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Statement of Profit or Loss | |||||
|
R$ (in thousands) | |||||
|
Code |
Description |
Year To Date |
Year To Date |
Year To Date |
Year To Date |
|
3.01 |
Net Sales of Goods and/or Services |
5,313,000 |
16,298,000 |
5,207,000 |
16,060,000 |
|
3.02 |
Cost of Goods Sold and/or Services Sold |
(3,882,000) |
(11,909,000) |
(3,706,000) |
(11,661,000) |
|
3.03 |
Gross Profit |
1,431,000 |
4,389,000 |
1,501,000 |
4,399,000 |
|
3.04 |
Operating Income/Expenses |
(1,248,000) |
(3,567,000) |
(1,046,000) |
(3,156,000) |
|
3.04.01 |
Selling Expenses |
(943,000) |
(2,886,000) |
(877,000) |
(2,625,000) |
|
3.04.02 |
General and Administrative Expenses |
(121,000) |
(355,000) |
(142,000) |
(399,000) |
|
3.04.05 |
Other Operating Expenses |
(187,000) |
(517,000) |
(189,000) |
(473,000) |
|
3.04.05.01 |
Depreciation/Amortization |
(121,000) |
(357,000) |
(109,000) |
(321,000) |
|
3.04.05.03 |
Other Operating Expenses |
(66,000) |
(160,000) |
(80,000) |
(152,000) |
|
3.04.06 |
Share of Profit of Subsidiaries and Associates |
3,000 |
191,000 |
162,000 |
341,000 |
|
3.05 |
Profit before Financial Income (Expenses) and Taxes |
183,000 |
822,000 |
455,000 |
1,243,000 |
|
3.06 |
Financial Income (Expenses) |
(195,000) |
(547,000) |
(174,000) |
(452,000) |
|
3.07 |
Profit Before Income Tax and Social Contribution |
(12,000) |
275,000 |
281,000 |
791,000 |
|
3.08 |
Income Tax and Social Contribution |
2,000 |
(27,000) |
(19,000) |
(109,000) |
|
3.08.01 |
Current |
3,000 |
2,000 |
42,000 |
(59,000) |
|
3.08.02 |
Deferred |
(1,000) |
(29,000) |
(61,000) |
(50,000) |
|
3.09 |
Net Income from Continued Operations |
(10,000) |
248,000 |
262,000 |
682,000 |
|
3.11 |
Net Income for the Period |
(10,000) |
248,000 |
262,000 |
682,000 |
|
3.99 |
Earnings per Share - (Reais/Share) |
|
|
|
|
|
3.99.01 |
Basic Earnings per Share |
|
|
|
|
|
3.99.01.01 |
Common |
(0.03265) |
0.87985 |
0.93409 |
2.42460 |
|
3.99.01.02 |
Preferred |
(0.03265) |
0.96784 |
1.02750 |
2.66705 |
|
3.99.02 |
Diluted Earnings per Share |
|
|
|
|
|
3.99.02.01 |
Common |
(0.03265) |
0.87872 |
0.93511 |
2.42460 |
|
3.99.02.02 |
Preferred |
(0.03265) |
0.96514 |
1.02508 |
2.66102 |
6
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Statement of Comprehensive Income | |||||
|
R$ (in thousands) | |||||
|
Code |
Description |
Year To Date |
Year To Date |
Year To Date |
Year To Date |
|
4.01 |
Net income for the Period |
(10,000) |
248,000 |
262,000 |
682,000 |
|
4.02 |
Other Comprehensive Income |
(83,000) |
(95,000) |
- |
- |
|
4.02.01 |
Accumulative Translation Adjustment for the Period |
(82,000) |
(93,000) |
- |
- |
|
4.02.02 |
Defined benefit contribution plan |
- |
(1,000) |
- |
- |
|
4.02.03 |
Adjustments to financial instruments |
(1,000) |
(1,000) |
- |
- |
|
4.03 |
Total Comprehensive Income for the Period |
(93,000) |
153,000 |
262,000 |
682,000 |
7
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Statement of Cash Flows - Indirect Method | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Year To Date Current |
Year To Date Previous |
|
6.01 |
Net Cash Provided by Operating Activities |
776,000 |
(585,000) |
|
6.01.01 |
Cash Provided by the Operations |
1,077,000 |
1,292,000 |
|
6.01.01.01 |
Net Income for the Period |
248,000 |
682,000 |
|
6.01.01.02 |
Deferred Income and Social Contribution Taxes |
29,000 |
50,000 |
|
6.01.01.03 |
Gain on Disposal of Fixed Assets |
22,000 |
16,000 |
|
6.01.01.04 |
Depreciation/Amortization |
389,000 |
351,000 |
|
6.01.01.05 |
Interest and Inflation Adjustments |
533,000 |
424,000 |
|
6.01.01.06 |
Adjustment to Present Value |
2,000 |
- |
|
6.01.01.07 |
Share of Profit (Loss) of Subsidiaries and Associates (note 13) |
(191,000) |
(341,000) |
|
6.01.01.08 |
Provision for Risks (note 23) |
(14,000) |
(8,000) |
|
6.01.01.10 |
Share-based Payment |
18,000 |
32,000 |
|
6.01.01.11 |
Allowance for Doubtful Accounts (note 8) |
- |
(2,000) |
|
6.01.01.13 |
Provision for Obsolescence/Breakage (note 10) |
(1,000) |
(7,000) |
|
6.01.01.14 |
Other Operating Expenses |
65,000 |
104,000 |
|
6.01.01.15 |
Deferred Revenue (note 25) |
(23,000) |
(9,000) |
|
6.01.02 |
Changes in Assets and Liabilities |
(301,000) |
(1,877,000) |
|
6.01.02.01 |
Accounts Receivable |
112,000 |
132,000 |
|
6.01.02.02 |
Inventories |
104,000 |
(120,000) |
|
6.01.02.03 |
Recoverable Taxes |
(156,000) |
48,000 |
|
6.01.02.04 |
Other Assets |
(76,000) |
(39,000) |
|
6.01.02.05 |
Related Parties |
79,000 |
(547,000) |
|
6.01.02.06 |
Restricted Deposits for Legal Proceeding |
(33,000) |
12,000 |
|
6.01.02.07 |
Trade Payables |
(846,000) |
(748,000) |
|
6.01.02.08 |
Payroll and Related Taxes |
24,000 |
4,000 |
|
6.01.02.09 |
Taxes and Social Contributions Payable |
(139,000) |
(335,000) |
|
6.01.02.10 |
Other Payables |
26,000 |
(149,000) |
|
6.01.02.11 |
Legal claims |
(22,000) |
(165,000) |
|
6.01.02.12 |
Deferred Revenue |
21,000 |
30,000 |
|
6.01.02.13 |
Received Dividends |
605,000 |
- |
|
6.02 |
Net Cash Provided by (Used in) Investing Activities |
(597,000) |
(390,000) |
|
6.02.02 |
Acquisition of Property and Equipment (note 15) |
(536,000) |
(312,000) |
|
6.02.03 |
Increase in Intangible Assets (note 16) |
(88,000) |
(92,000) |
|
6.02.04 |
Sales of Property and Equipment |
27,000 |
14,000 |
|
6.03 |
Net Cash Provided by (Used in) Financing Activities |
(1,358,000) |
(373,000) |
|
6.03.01 |
Capital Increase/Decrease |
14,000 |
25,000 |
|
6.03.02 |
Borrowings |
740,000 |
1,279,000 |
|
6.03.03 |
Payments of Borrowings and Financing (note 18) |
(1,837,000) |
(1,448,000) |
|
6.03.05 |
Payment of Dividends |
(271,000) |
(222,000) |
|
6.03.06 |
Transactions with Non-controlling Interest |
(4,000) |
(7,000) |
|
6.05 |
Net Increase (Decrease) in Cash and Cash Equivalents |
(1,179,000) |
(1,348,000) |
|
6.05.01 |
Cash and Cash Equivalents at the Beginning of the Period |
2,923,000 |
2,851,000 |
|
6.05.02 |
Cash and Cash Equivalents at the End of the Period |
1,744,000 |
1,503,000 |
8
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2015 to 09/30/2015 | |||||||
|
R$ (in thousands) | |||||||
|
Code |
Description |
Share |
Capital Reserves, |
Earnings |
Retained Earnings /Accumulated Losses |
Other comprehensive income |
Shareholders' |
|
5.01 |
Opening Balance |
6,792,000 |
282,000 |
3,402,000 |
- |
1,000 |
10,477,000 |
|
5.03 |
Adjusted Opening Balance |
6,792,000 |
282,000 |
3,402,000 |
- |
1,000 |
10,477,000 |
|
5.04 |
Capital Transactions with Shareholders |
14,000 |
18,000 |
- |
(77,000) |
- |
(45,000) |
|
5.04.01 |
Capital Increases |
14,000 |
- |
- |
- |
- |
14,000 |
|
5.04.03 |
Options Granted |
- |
11,000 |
- |
- |
- |
11,000 |
|
5.04.06 |
Dividends |
- |
- |
- |
(77,000) |
- |
(77,000) |
|
5.04.09 |
Options Granted recognized in subsidiaries |
- |
7,000 |
- |
- |
- |
7,000 |
|
5.05 |
Total Comprehensive Income |
- |
- |
- |
248,000 |
(95,000) |
153,000 |
|
5.05.01 |
Net Income for the Period |
- |
- |
- |
248,000 |
- |
248,000 |
|
5.05.02 |
Other Comprehensive Income |
- |
- |
- |
- |
(95,000) |
(95,000) |
|
5.05.02.01 |
Adjusts to Financial Instruments |
- |
- |
- |
- |
(1,000) |
(1,000) |
|
5.05.02.04 |
Cumulative Translation Adjustment |
- |
- |
- |
- |
(93,000) |
(93,000) |
|
5.05.02.06 |
Defined benefit plan |
- |
- |
- |
- |
(1,000) |
(1,000) |
|
5.06 |
Internal Changes of Shareholders’ Equity |
- |
- |
(217,000) |
- |
- |
(217,000) |
|
5.06.05 |
Settlement of Equity Instrument |
- |
- |
(212,000) |
- |
- |
(212,000) |
|
5.06.06 |
Transactions with Non-controlling Interests |
- |
- |
(5,000) |
- |
- |
(5,000) |
|
5.07 |
Closing Balance |
6,806,000 |
300,000 |
3,185,000 |
171,000 |
(94,000) |
10,368,000 |
9
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2014 to 09/30/2014 | |||||||
|
R$ (in thousands) |
|
|
|
|
|
| |
|
Code |
Description |
Share |
Capital |
Earnings |
Retained Earnings |
Other comprehensive Income |
Shareholders' |
|
5.01 |
Opening Balance |
6,764,000 |
233,000 |
2,402,000 |
- |
- |
9,399,000 |
|
5.03 |
Adjusted Opening Balance |
6,764,000 |
233,000 |
2,402,000 |
- |
- |
9,399,000 |
|
5.04 |
Capital Transactions with Shareholders |
25,000 |
31,000 |
- |
(72,000) |
- |
(16,000) |
|
5.04.01 |
Capital Increases |
25,000 |
- |
- |
- |
- |
25,000 |
|
5.04.03 |
Options Granted |
- |
29,000 |
- |
- |
- |
29,000 |
|
5.04.06 |
Dividends |
- |
- |
- |
(72,000) |
- |
(72,000) |
|
5.04.09 |
Options Granted recognized in subsidiaries |
- |
2,000 |
- |
- |
- |
2,000 |
|
5.05 |
Total Comprehensive Income |
- |
- |
- |
682,000 |
- |
682,000 |
|
5.05.01 |
Net Income for the Period |
- |
- |
- |
682,000 |
- |
682,000 |
|
5.06 |
Internal Changes of Shareholders’ Equity |
- |
- |
66,000 |
- |
- |
66,000 |
|
5.06.04 |
Gain/loss in Equity Interest |
- |
- |
(6,000) |
- |
- |
(6,000) |
|
5.06.06 |
Transactions with Non-controlling Interests |
- |
- |
72,000 |
- |
- |
72,000 |
|
5.07 |
Closing Balance |
6,789,000 |
264,000 |
2,468,000 |
610,000 |
- |
10,131,000 |
10
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Individual Interim Financial Information / Statement of Value Added | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Year To Date Current |
Year To Date Previous |
|
7.01 |
Revenues |
17,640,000 |
17,450,000 |
|
7.01.01 |
Sales of Goods, Products and Services |
17,640,000 |
17,420,000 |
|
7.01.02 |
Other Revenues |
- |
27,000 |
|
7.01.04 |
Allowance for/Reversal of Doubtful Accounts |
- |
3,000 |
|
7.02 |
Products Acquired from Third Parties |
(13,693,000) |
(13,512,000) |
|
7.02.01 |
Costs of Products, Goods and Services Sold |
(12,101,000) |
(12,030,000) |
|
7.02.02 |
Materials, Energy, Outsourced Services and Other |
(1,592,000) |
(1,482,000) |
|
7.03 |
Gross Value Added |
3,947,000 |
3,938,000 |
|
7.04 |
Retention |
(389,000) |
(351,000) |
|
7.04.01 |
Depreciation and Amortization |
(389,000) |
(351,000) |
|
7.05 |
Net Value Added Produced |
3,558,000 |
3,587,000 |
|
7.06 |
Value Added Received in Transfer |
379,000 |
483,000 |
|
7.06.01 |
Share of Profit of Subsidiaries and Associates |
191,000 |
341,000 |
|
7.06.02 |
Financial Revenue |
188,000 |
142,000 |
|
7.07 |
Total Value Added to Distribute |
3,937,000 |
4,070,000 |
|
7.08 |
Distribution of Value Added |
3,937,000 |
4,070,000 |
|
7.08.01 |
Personnel |
1,928,000 |
1,712,000 |
|
7.08.01.01 |
Direct Compensation |
1,294,000 |
1,185,000 |
|
7.08.01.02 |
Benefits |
426,000 |
349,000 |
|
7.08.01.03 |
Government Severance Indemnity Fund for Employees (FGTS) |
125,000 |
107,000 |
|
7.08.01.04 |
Other |
83,000 |
71,000 |
|
7.08.02 |
Taxes, Fees and Contributions |
653,000 |
730,000 |
|
7.08.02.01 |
Federal |
397,000 |
539,000 |
|
7.08.02.02 |
State |
153,000 |
132,000 |
|
7.08.02.03 |
Municipal |
103,000 |
59,000 |
|
7.08.03 |
Value Distributed to Providers of Capital |
1,108,000 |
946,000 |
|
7.08.03.01 |
Interest |
733,000 |
594,000 |
|
7.08.03.02 |
Rentals |
375,000 |
352,000 |
|
7.08.04 |
Value Distributed to Shareholders |
248,000 |
682,000 |
|
7.08.04.02 |
Dividends |
77,000 |
72,000 |
|
7.08.04.03 |
Retained Earnings/ Accumulated Losses for the Period |
171,000 |
610,000 |
11
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Consolidated Interim Financial Information /Balance Sheet - Assets | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Current Quarter |
Previous Year |
|
1 |
Total Assets |
42,268,000 |
45,345,000 |
|
1.01 |
Current Assets |
19,622,000 |
24,021,000 |
|
1.01.01 |
Cash and Cash Equivalents |
5,414,000 |
11,149,000 |
|
1.01.03 |
Accounts Receivable |
4,136,000 |
3,434,000 |
|
1.01.03.01 |
Trade Receivables |
3,754,000 |
3,176,000 |
|
1.01.03.02 |
Other Receivables |
382,000 |
258,000 |
|
1.01.04 |
Inventories |
8,617,000 |
8,364,000 |
|
1.01.06 |
Recoverable Taxes |
1,100,000 |
807,000 |
|
1.01.07 |
Prepaid Expenses |
231,000 |
130,000 |
|
1.01.08 |
Other Current Assets |
124,000 |
137,000 |
|
1.02 |
Noncurrent Assets |
22,646,000 |
21,324,000 |
|
1.02.01 |
Long-term Assets |
5,369,000 |
4,751,000 |
|
1.02.01.03 |
Accounts Receivable |
717,000 |
741,000 |
|
1.02.01.03.01 |
Trade Receivables |
89,000 |
105,000 |
|
1.02.01.03.02 |
Other Receivables |
628,000 |
636,000 |
|
1.02.01.04 |
Inventories |
- |
172,000 |
|
1.02.01.06 |
Deferred Taxes |
568,000 |
491,000 |
|
1.02.01.07 |
Prepaid Expenses |
39,000 |
37,000 |
|
1.02.01.08 |
Receivables from Related Parties |
358,000 |
313,000 |
|
1.02.01.09 |
Other Noncurrent Assets |
3,687,000 |
2,997,000 |
|
1.02.01.09.04 |
Recoverable Taxes |
2,664,000 |
2,140,000 |
|
1.02.01.09.05 |
Restricted Deposits for Legal Proceedings |
1,023,000 |
857,000 |
|
1.02.02 |
Investments |
504,000 |
426,000 |
|
1.02.02.01 |
Investments in Associates |
479,000 |
401,000 |
|
1.02.02.02 |
Investments Property |
25,000 |
25,000 |
|
1.02.03 |
Property and Equipment, Net |
10,192,000 |
9,699,000 |
|
1.02.04 |
Intangible Assets |
6,581,000 |
6,448,000 |
12
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Consolidated Interim Financial Information / Balance Sheet - Liabilities | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Current Quarter |
Previous Year |
|
2 |
Total Liabilities |
42,268,000 |
45,345,000 |
|
2.01 |
Current Liabilities |
20,200,000 |
23,981,000 |
|
2.01.01 |
Payroll and Related Taxes |
914,000 |
864,000 |
|
2.01.02 |
Trade Payables |
10,792,000 |
13,393,000 |
|
2.01.03 |
Taxes and Contributions Payable |
768,000 |
867,000 |
|
2.01.04 |
Borrowings and Financing |
4,247,000 |
6,594,000 |
|
2.01.05 |
Other Liabilities |
3,471,000 |
2,262,000 |
|
2.01.05.01 |
Payables to Related Parties |
1,647,000 |
261,000 |
|
2.01.05.02 |
Other |
1,824,000 |
2,001,000 |
|
2.01.05.02.01 |
Dividends and Interest on Capital Payable |
1,000 |
321,000 |
|
2.01.05.02.04 |
Utilities |
12,000 |
10,000 |
|
2.01.05.02.05 |
Rent Payable |
103,000 |
115,000 |
|
2.01.05.02.06 |
Advertisement Payable |
62,000 |
94,000 |
|
2.01.05.02.07 |
Pass-through to Third Parties |
308,000 |
429,000 |
|
2.01.05.02.08 |
Financing Related to Acquisition of Assets |
64,000 |
99,000 |
|
2.01.05.02.09 |
Deferred revenue |
306,000 |
212,000 |
|
2.01.05.02.11 |
Accounts Payable Related to Acquisition of Companies |
71,000 |
73,000 |
|
2.01.05.02.12 |
Other Payables |
868,000 |
610,000 |
|
2.01.05.02.13 |
Loyalty Program |
29,000 |
38,000 |
|
2.01.06 |
Provisions |
8,000 |
1,000 |
|
2.02 |
Noncurrent Liabilities |
8,275,000 |
7,170,000 |
|
2.02.01 |
Borrowings and Financing |
4,389,000 |
3,134,000 |
|
2.02.02 |
Other Liabilities |
643,000 |
725,000 |
|
2.02.02.02 |
Other |
643,000 |
725,000 |
|
2.02.02.02.03 |
Taxes Payable in Installments |
580,000 |
617,000 |
|
2.02.02.02.04 |
Payables Related to Acquisition of Companies |
- |
57,000 |
|
2.02.02.02.05 |
Financing Related to Acquisition of Assets |
4,000 |
8,000 |
|
2.02.02.02.06 |
Pension Plan |
14,000 |
7,000 |
|
2.02.02.02.07 |
Other Payables |
45,000 |
36,000 |
|
2.02.03 |
Deferred Taxes |
1,195,000 |
1,133,000 |
|
2.02.04 |
Provision for risks |
1,395,000 |
1,344,000 |
|
2.02.06 |
Deferred revenue |
653,000 |
834,000 |
|
2.03 |
Consolidated Shareholders’ Equity |
13,793,000 |
14,194,000 |
|
2.03.01 |
Share Capital |
6,806,000 |
6,792,000 |
|
2.03.02 |
Capital Reserves |
300,000 |
282,000 |
|
2.03.02.04 |
Options Granted |
293,000 |
275,000 |
|
2.03.02.07 |
Capital Reserve |
7,000 |
7,000 |
|
2.03.04 |
Earnings Reserve |
3,185,000 |
3,402,000 |
|
2.03.04.01 |
Legal Reserve |
413,000 |
413,000 |
|
2.03.04.05 |
Earnings Retention Reserve |
256,000 |
1,747,000 |
|
2.03.04.10 |
Expansion Reserve |
2,624,000 |
1,135,000 |
|
2.03.04.12 |
Transactions with Non-Controlling interests |
104,000 |
107,000 |
|
2.03.04.14 |
Settlement of Equity Instrument |
(212,000) |
- |
|
2.03.05 |
Retained Earnings/ Accumulated Losses |
171,000 |
- |
|
2.03.08 |
Other Comprehensive Income |
(94,000) |
1,000 |
|
2.03.09 |
Non-controlling Interests |
3,425,000 |
3,717,000 |
13
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Consolidated Interim Financial Information / Statement of Profit or Loss | |||||
|
R$ (in thousands) | |||||
|
Code |
Description |
Year To Date Current |
Year To Date Current |
Year To Date Previous |
Year To Date Previous |
|
3.01 |
Net Sales from Goods and/or Services |
16,074,000 |
49,401,000 |
15,628,000 |
45,770,000 |
|
3.02 |
Cost of Goods Sold and/or Services Sold |
(12,317,000) |
(37,641,000) |
(11,647,000) |
(34,205,000) |
|
3.03 |
Gross Profit |
3,757,000 |
11,760,000 |
3,981,000 |
11,565,000 |
|
3.04 |
Operating Income/Expenses |
(3,599,000) |
(10,508,000) |
(3,084,000) |
(9,084,000) |
|
3.04.01 |
Selling Expenses |
(2,700,000) |
(8,191,000) |
(2,517,000) |
(7,420,000) |
|
3.04.02 |
General and Administrative Expenses |
(444,000) |
(1,302,000) |
(371,000) |
(1,042,000) |
|
3.04.05 |
Other Operating Expenses |
(477,000) |
(1,099,000) |
(223,000) |
(698,000) |
|
3.04.05.01 |
Depreciation/Amortization |
(245,000) |
(714,000) |
(205,000) |
(588,000) |
|
3.04.05.03 |
Other Operating Expenses |
(232,000) |
(385,000) |
(18,000) |
(110,000) |
|
3.04.06 |
Share of Profit of Subsidiaries and Associates |
22,000 |
84,000 |
27,000 |
76,000 |
|
3.05 |
Profit before Financial Income (Expenses) and Taxes |
158,000 |
1,252,000 |
897,000 |
2,481,000 |
|
3.06 |
Financial Income (Expenses), Net |
(344,000) |
(1,043,000) |
(378,000) |
(1,078,000) |
|
3.07 |
Profit Before Income Tax and Social Contribution |
(186,000) |
209,000 |
519,000 |
1,403,000 |
|
3.08 |
Income tax and Social Contribution |
57,000 |
(100,000) |
(167,000) |
(477,000) |
|
3.08.01 |
Current |
(28,000) |
(88,000) |
(53,000) |
(300,000) |
|
3.08.02 |
Deferred |
85,000 |
(12,000) |
(114,000) |
(177,000) |
|
3.09 |
Net Income from Continuing Operations |
(129,000) |
109,000 |
352,000 |
926,000 |
|
3.11 |
Consolidated Net Income for the Period |
(129,000) |
109,000 |
352,000 |
926,000 |
|
3.11.01 |
Attributable to Owners of the Company |
(10,000) |
248,000 |
262,000 |
682,000 |
|
3.11.02 |
Attributable to Non-controlling Interests |
(119,000) |
(139,000) |
90,000 |
244,000 |
|
3.99 |
Earnings per Share - (Reais/Share) |
|
|
|
|
|
3.99.01 |
Basic Earnings per Share |
|
|
|
|
|
3.99.01.01 |
Common |
(0.03265) |
0.87985 |
0.93409 |
2.42460 |
|
3.99.01.02 |
Preferred |
(0.03265) |
0.96784 |
1.02750 |
2.66705 |
|
3.99.02 |
Diluted Earnings per Share |
|
|
|
|
|
3.99.02.01 |
Common |
(0.03265) |
0.87872 |
0.93511 |
2.42460 |
|
3.99.02.02 |
Preferred |
(0.03265) |
0.96514 |
1.02508 |
2.66102 |
14
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Consolidated Interim Financial Information / Statement of Comprehensive Income | |||||
|
R$ (in thousands) | |||||
|
Code |
Description |
Year To Date Current |
Year To Date Current |
Year To Date Previous |
Year To Date Previous |
|
4.01 |
Net Income for the Period |
(129,000) |
109,000 |
352,000 |
926,000 |
|
4.02 |
Other Comprehensive Income |
(224,000) |
(250,000) |
- |
- |
|
4.02.01 |
Cumulative Translation adjustment |
(223,000) |
(247,000) |
1,000 |
1,000 |
|
4.02.02 |
Defined Benefit Plan |
- |
(2,000) |
(1,000) |
(1,000) |
|
4.02.03 |
Adjustments to financial instruments |
(1,000) |
(1,000) |
- |
- |
|
4.03 |
Total Comprehensive Income for the Period |
(353,000) |
(141,000) |
352,000 |
926,000 |
|
4.03.01 |
Attributable to Owners of the Company |
(93,000) |
153,000 |
262,000 |
682,000 |
|
4.03.02 |
Attributable to Non-Controlling Interests |
(260,000) |
(294,000) |
90,000 |
244,000 |
15
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Consolidated Interim Financial Information / Statement of Cash Flows - Indirect Method | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Year To Date Current |
Year To Date Previous |
|
6.01 |
Net Cash Provided by Operating Activities |
(3,280,000) |
29,000 |
|
6.01.01 |
Cash from Operations |
2,208,000 |
3,075,000 |
|
6.01.01.01 |
Net Income for the Period |
109,000 |
926,000 |
|
6.01.01.02 |
Deferred Income Tax and Social Contribution |
12,000 |
177,000 |
|
6.01.01.03 |
Gain on Disposal of Fixed Assets |
65,000 |
36,000 |
|
6.01.01.04 |
Depreciation/Amortization |
818,000 |
665,000 |
|
6.01.01.05 |
Interest and Inflation Adjustments |
832,000 |
847,000 |
|
6.01.01.06 |
Adjustment to Present Value |
(4,000) |
(2,000) |
|
6.01.01.07 |
Share of Profit (Loss) of Subsidiaries and Associates (note 13) |
(84,000) |
(76,000) |
|
6.01.01.08 |
Provision for Risks (note 23) |
151,000 |
118,000 |
|
6.01.01.10 |
Share-based Payment |
22,000 |
32,000 |
|
6.01.01.11 |
Allowance for Doubtful Accounts (note 8) |
429,000 |
362,000 |
|
6.01.01.13 |
Provision for Obsolescence/breakage (note 10) |
(5,000) |
(1,000) |
|
6.01.01.15 |
Deferred revenue (note 25) |
(139,000) |
(25,000) |
|
6.01.01.16 |
Other Operating Expenses |
2,000 |
16,000 |
|
6.01.02 |
Changes in Assets and Liabilities |
(5,488,000) |
(3,046,000) |
|
6.01.02.01 |
Accounts Receivable |
(835,000) |
(436,000) |
|
6.01.02.02 |
Inventories |
184,000 |
(547,000) |
|
6.01.02.03 |
Recoverable Taxes |
(537,000) |
55,000 |
|
6.01.02.04 |
Other Assets |
(284,000) |
(174,000) |
|
6.01.02.05 |
Related Parties |
(157,000) |
(96,000) |
|
6.01.02.06 |
Restricted Deposits for Legal Proceeding |
(117,000) |
(70,000) |
|
6.01.02.07 |
Trade Payables |
(3,199,000) |
(1,360,000) |
|
6.01.02.08 |
Payroll and Related Taxes |
47,000 |
213,000 |
|
6.01.02.09 |
Taxes and Social Contributions Payable |
(224,000) |
(502,000) |
|
6.01.02.10 |
Legal Claims |
(217,000) |
(223,000) |
|
6.01.02.11 |
Deferred revenue |
43,000 |
201,000 |
|
6.01.02.12 |
Other Payables |
(192,000) |
(131,000) |
|
6.01.02.16 |
Financial Investments |
- |
24,000 |
|
6.02 |
Net Cash Provided by (Used in) Investing Activities |
(1,376,000) |
(850,000) |
|
6.02.03 |
Acquisition of Property and Equipment (note 15) |
(1,170,000) |
(898,000) |
|
6.02.04 |
Increase in Intangible Assets (note 16) |
(314,000) |
(203,000) |
|
6.02.05 |
Sales of Property and Equipment |
57,000 |
47,000 |
|
6.02.06 |
Net Cash From Subsidiary Acquisition and Corporate Restructuring |
- |
204,000 |
|
6.02.07 |
Net Cash From Sale of Subsidiary |
51,000 |
- |
|
6.03 |
Net Cash Provided by Financing Activities |
(1,252,000) |
(945,000) |
|
6.03.01 |
Capital Increase/Decrease |
14,000 |
25,000 |
|
6.03.02 |
Borrowings |
4,625,000 |
4,960,000 |
|
6.03.03 |
Payments of Borrowings and Financing (note 18) |
(6,603,000) |
(5,634,000) |
|
6.03.05 |
Payments of Dividends |
(397,000) |
(222,000) |
|
6.03.06 |
Acquisition of Subsidiary |
(74,000) |
(67,000) |
|
6.03.07 |
Transactions with non-controlling interests |
(4,000) |
(7,000) |
|
6.03.08 |
Borrowings with Related Parties |
1,187,000 |
- |
|
6.04 |
Effects of Exchange Rate Changes on Cash and Cash Equivalents |
173,000 |
- |
|
6.05 |
Increase (Decrease) in Cash and Cash Equivalents |
(5,735,000) |
(1,766,000) |
|
6.05.01 |
Cash and Cash Equivalents at the Beginning of the Period |
11,149,000 |
8,367,000 |
|
6.05.02 |
Cash and Cash Equivalents at the End of the Period |
5,414,000 |
6,601,000 |
16
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Consolidated Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2015 to 09/30/2015 | |||||||||
|
R$ (in thousands) | |||||||||
|
Code |
Description |
Share |
Capital Reserves, |
Earnings |
Retained Earnings/ Accumulated Losses |
Other comprehensive Income |
Shareholders' |
Non-Controlling |
Consolidated |
|
5.01 |
Opening Balance |
6,792,000 |
282,000 |
3,402,000 |
- |
1,000 |
10,477,000 |
3,717,000 |
14,194,000 |
|
5.03 |
Adjusted Opening Balance |
6,792,000 |
282,000 |
3,402,000 |
- |
1,000 |
10,477,000 |
3,717,000 |
14,194,000 |
|
5.04 |
Capital Transactions with Shareholders |
14,000 |
18,000 |
- |
(77,000) |
- |
(45,000) |
4,000 |
(41,000) |
|
5.04.01 |
Capital Increases |
14,000 |
- |
- |
- |
- |
14,000 |
- |
14,000 |
|
5.04.03 |
Options Granted |
- |
11,000 |
- |
- |
- |
11,000 |
- |
11,000 |
|
5.04.06 |
Dividends |
- |
- |
- |
(77,000) |
- |
(77,000) |
- |
(77,000) |
|
5.04.09 |
Options Granted Recognized in Subsidiaries |
- |
7,000 |
- |
- |
- |
7,000 |
4,000 |
11,000 |
|
5.05 |
Total Comprehensive Income |
- |
- |
- |
248,000 |
(95,000) |
153,000 |
(294,000) |
(141,000) |
|
5.05.01 |
Net Income for the Period |
- |
- |
- |
248,000 |
- |
248,000 |
(139,000) |
109,000 |
|
5.05.02 |
Other Comprehensive Income |
- |
- |
- |
- |
(95,000) |
(95,000) |
(155,000) |
(250,000) |
|
5.05.02.01 |
Adjusts to Financial Instruments |
- |
- |
- |
- |
(1,000) |
(1,000) |
- |
(1,000) |
|
5.05.02.04 |
Cumulative Translation Adjustment |
- |
- |
- |
- |
(93,000) |
(93,000) |
(154,000) |
(247,000) |
|
5.05.02.06 |
Defined Benefit Plan |
- |
- |
- |
- |
(1,000) |
(1,000) |
(1,000) |
(2,000) |
|
5.06 |
Internal Changes in Shareholders’ Equity |
- |
- |
(217,000) |
- |
- |
(217,000) |
(2,000) |
(219,000) |
|
5.06.05 |
Settlement of Equity Instrument |
- |
- |
(212,000) |
- |
- |
(212,000) |
- |
(212,000) |
|
5.06.06 |
Transactions With Non-controlling interests |
- |
- |
(5,000) |
- |
- |
(5,000) |
(2,000) |
(7,000) |
|
5.07 |
Closing Balance |
6,806,000 |
300,000 |
3,185,000 |
171,000 |
(94,000) |
10,368,000 |
3,425,000 |
13,793,000 |
17
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
|
Consolidated Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2014 to 09/30/2014 | ||||||||
|
R$ (in thousands) |
|
||||||||
|
Code |
Description |
Share |
Capital Reserves, |
Earnings |
Retained Earnings/ Accumulated Losses |
Other Comprehensive Income |
Shareholders' |
Non-Controlling |
Consolidated |
|
5.01 |
Opening Balance |
6,764,000 |
233,000 |
2,402,000 |
- |
- |
9,399,000 |
3,202,000 |
12,601,000 |
|
5.03 |
Adjusted Opening Balance |
6,764,000 |
233,000 |
2,402,000 |
- |
- |
9,399,000 |
3,202,000 |
12,601,000 |
|
5.04 |
Capital Transactions with Shareholders |
25,000 |
31,000 |
- |
(72,000) |
- |
(16,000) |
1,000 |
(15,000) |
|
5.04.01 |
Capital Increases |
25,000 |
- |
- |
- |
- |
25,000 |
- |
25,000 |
|
5.04.03 |
Options Granted |
- |
29,000 |
- |
- |
- |
29,000 |
- |
29,000 |
|
5.04.06 |
Dividends |
- |
- |
- |
(72,000) |
- |
(72,000) |
- |
(72,000) |
|
5.04.09 |
Options Granted Recognized in Subsidiaries |
- |
2,000 |
- |
- |
- |
2,000 |
1,000 |
3,000 |
|
5.05 |
Total Comprehensive Income |
- |
- |
- |
682,000 |
- |
682,000 |
244,000 |
926,000 |
|
5.05.01 |
Net Income for the Period |
- |
- |
- |
682,000 |
- |
682,000 |
244,000 |
926,000 |
|
5.06 |
Internal Changes in Shareholders’ Equity |
- |
- |
66,000 |
- |
- |
66,000 |
(49,000) |
17,000 |
|
5.06.04 |
Gain/Loss in Equity Interest |
- |
- |
(6,000) |
- |
- |
(6,000) |
(10,000) |
(16,000) |
|
5.06.06 |
Transactions With Non-controlling interests |
- |
- |
72,000 |
- |
- |
72,000 |
(39,000) |
33,000 |
|
5.07 |
Closing Balance |
6,789,000 |
264,000 |
2,468,000 |
610,000 |
- |
10,131,000 |
3,398,000 |
13,529,000 |
18
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
|
ITR – Interim Financial Information – September 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO |
|
Consolidated Interim Financial Information / Statement of Value Added | |||
|
R$ (in thousands) | |||
|
Code |
Description |
Year To Date Current |
Year To Date Previous |
|
7.01 |
Revenues |
54,574,000 |
50,412,000 |
|
7.01.01 |
Sales of Goods, Products and Services |
54,938,000 |
50,758,000 |
|
7.01.02 |
Other Revenues |
65,000 |
16,000 |
|
7.01.04 |
Allowance for/Reversal of Doubtful Accounts |
(429,000) |
(362,000) |
|
7.02 |
Products Acquired from Third Parties |
(42,887,000) |
(39,105,000) |
|
7.02.01 |
Costs of Products, Goods and Services Sold |
(37,890,000) |
(34,946,000) |
|
7.02.02 |
Materials, Energy, Outsourced Services and Other |
(4,997,000) |
(4,159,000) |
|
7.03 |
Gross Value Added |
11,687,000 |
11,307,000 |
|
7.04 |
Retention |
(818,000) |
(665,000) |
|
7.04.01 |
Depreciation and Amortization |
(818,000) |
(665,000) |
|
7.05 |
Net Value Added Produced |
10,869,000 |
10,642,000 |
|
7.06 |
Value Added Received in Transfer |
721,000 |
567,000 |
|
7.06.01 |
Share of Profit of Subsidiaries and Associates |
84,000 |
76,000 |
|
7.06.02 |
Financial Income |
637,000 |
491,000 |
|
7.07 |
Total Value Added to Distribute |
11,590,000 |
11,209,000 |
|
7.08 |
Distribution of Value Added |
11,590,000 |
11,209,000 |
|
7.08.01 |
Personnel |
5,291,000 |
4,613,000 |
|
7.08.01.01 |
Direct Compensation |
3,811,000 |
3,338,000 |
|
7.08.01.02 |
Benefits |
883,000 |
799,000 |
|
7.08.01.03 |
Government Severance Indemnity Fund for Employees (FGTS) |
365,000 |
298,000 |
|
7.08.01.04 |
Other |
232,000 |
178,000 |
|
7.08.01.04.01 |
Interest |
232,000 |
178,000 |
|
7.08.02 |
Taxes, Fees and Contributions |
3,320,000 |
2,990,000 |
|
7.08.02.01 |
Federal |
2,102,000 |
1,921,000 |
|
7.08.02.02 |
State |
1,023,000 |
894,000 |
|
7.08.02.03 |
Municipal |
195,000 |
175,000 |
|
7.08.03 |
Value Distributed to Providers of Capital |
2,870,000 |
2,680,000 |
|
7.08.03.01 |
Interest |
1,678,000 |
1,569,000 |
|
7.08.03.02 |
Rentals |
1,192,000 |
1,111,000 |
|
7.08.04 |
Value Distributed to Shareholders |
109,000 |
926,000 |
|
7.08.04.02 |
Dividends |
77,000 |
72,000 |
|
7.08.04.03 |
Retained Earnings/ Accumulated Losses for the Period |
171,000 |
610,000 |
|
7.08.04.04 |
Noncontrolling Interest in Retained Earnings |
(139,000) |
244,000 |
19
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information
Companhia Brasileira de Distribuição ("Company" or “CBD”), directly or through its subsidiaries (“Group” or “GPA”) engages in the retail of food, clothing, home appliances, electronics and other products through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names "Pão de Açúcar, “Minuto Pão de Açúcar”, "Extra Hiper", “Extra Super”, “Minimercado Extra”, “Assai”, “Ponto Frio” and “Casas Bahia", as well as the e-commerce platforms “CasasBahia.com,” “Extra.com”, “Pontofrio.com”, “Barateiro.com”, “Partiuviagens.com” and “Cdiscount.com” and the neighborhood shopping mall brand “Conviva”. Its headquarters are located in the city of São Paulo, State of São Paulo, Brazil.
The Company’s shares are listed on the São Paulo Stock Exchange (“BM&FBovespa”) Level 1 of Corporate Governance under the ticker symbol “PCAR4” and on the New York Stock Exchange (ADR level III), under the ticker symbol “CBD”. Subsidiaries that are public companies are Via Varejo S.A (“Via Varejo”) which has its shares listed on BM&FBovespa, under ticker symbols “VVAR11” and “VVAR3” and Cnova N.V (“Cnova Holanda”) which has its shares listed in Nasdaq Global Select Market under ticker symbol “CNV” and in Euronext Paris under ticker symbol “CNV”.
After August 19, 2015, the Company started to be indirectly controlled by Almacenes Exito S.A., through Wilkes Participações S.A. (“Wilkes”), through a transaction with the holding companies of Casino Guichard Perrachon (“Casino”), which continue to be our indirect controller.
1.1 Cnova’s Investigation and restatement of interim financial information previously issued
As disclosed to the market on December 18, 2015, by the subsidiary Cnova NV (“Cnova”), an investigation was conducted by law firms has been established on the employee’s practices in inventories of Cnova Comércio Eletrônico S.A. (“Cnova Brasil”), a Cnova NV subsidiary, which is controlled by the Company.
During the investigation other issues have been added to investigation related to accounting matters in the accounts of “trade payables” and “other accounts receivable”, which were analyzed, announced to the market January 12, 2016.
Subsequently, the scope of investigation was expanded to include an evaluation over the discrepancies related to accounts payables, accounts receivables/products in transit with freight companies, freight provisions and other expenses and improper capitalization of expenses relating to software development.
As a result, Cnova identified several erros in the financial statements and, consequently, as it is controlled by the Company and consolidated for the presentation of the financial statements, such effects resulted in the same errors in the previously issued financial statements of the Company.
There is no income tax impact over the adjustments, once the Company evaluated and concluded that the deferred income tax would not be recoverable.
20
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
The adjustments identified on Cnova were substantially related to:
a) Identification of discrepancies in and/or returned products sold at discount, requiring additional provision for loss in damaged goods.
b) Identification of improper transactions and accounts reconciliations mismatches related to trade accounts payable , accounts receivables, pending orders, ICMS, freight payable and others.
c) Identification of overstated amount in net sales not reversed when the merchandise originally ordered was returned by costumer;
d) Improper capitalization of expenses in the internal development of software;
e) Change of the accounting practice of allocation of warehouse and shipping costs to the inventory, which are no longer capitalized.
21
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information - continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
Below the breakdown of the investigation adjustments per period:
September 30, 2015 – amounts impacting net income (loss):
|
Accounts |
Trade payables |
Write off accounts receivable carriers |
Fixed assets and intangibles adjust |
Trade accounts receivables and outstanding orders adjust |
ICMS, freight, provision and others adjust |
Net adjust |
|
Net sales of goods and services |
- |
(46) |
- |
42 |
- |
(4) |
|
Cost of goods sold and services sold |
12 |
24 |
- |
- |
(6) |
30 |
|
Gross profit |
12 |
(22) |
- |
42 |
(6) |
26 |
|
Operating income (expenses) |
||||||
|
Selling expenses |
- |
10 |
(11) |
(10) |
- |
(11) |
|
General and administrative expenses |
- |
- |
(3) |
- |
(2) |
(5) |
|
Depreciation and amortization |
- |
- |
2 |
- |
- |
2 |
|
Profit before financial income (expenses) |
12 |
(12) |
(12) |
32 |
(8) |
12 |
|
Financial income (expenses) |
- |
- |
- |
- |
(4) |
(4) |
|
Profit before income tax and social contribution |
12 |
(12) |
(12) |
32 |
(12) |
8 |
|
Income tax and social contribution |
- |
- |
- |
- |
- |
- |
|
Net income (loss) |
12 |
(12) |
(12) |
32 |
(12) |
8 |
September 30, 2014 – amounts impacting net income (loss):
|
Accounts |
Trade payables |
Write off accounts receivable carriers |
Fixed assets and intangibles adjust |
Trade accounts receivables and outstanding orders adjust |
ICMS, freight, provision and others adjust |
Net adjust |
|
Net sales of goods and services |
- |
(36) |
- |
(54) |
- |
(90) |
|
Cost of goods sold and services sold |
(40) |
9 |
(3) |
- |
(11) |
(45) |
|
Gross profit |
(40) |
(27) |
(3) |
(54) |
(11) |
(135) |
|
Operating income (expenses) |
||||||
|
Selling expenses |
- |
(3) |
(12) |
(9) |
- |
(24) |
|
General and administrative expenses |
- |
- |
(3) |
- |
- |
(3) |
|
Depreciation and amortization |
- |
- |
1 |
- |
- |
1 |
|
Profit before financial income (expenses) |
(40) |
(30) |
(17) |
(63) |
(11) |
(161) |
|
Financial income (expenses) |
- |
- |
- |
- |
- |
- |
|
Profit before income tax and social contribution |
(40) |
(30) |
(17) |
(63) |
(11) |
(161) |
|
Income tax and social contribution |
- |
- |
- |
- |
- |
- |
|
Net income (loss) |
(40) |
(30) |
(17) |
(63) |
(11) |
(161) |
22
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
Parent Company:
September 30, 2015:
|
Assets |
Presented as of 9.30.2015 |
Total adjust |
Restated as of 9.30.2015 |
|
|
|||
|
Investments |
7,929 |
(27) |
7,902 |
|
Total assets |
21,626 |
(27) |
21,599 |
|
|
|||
|
Liabilities |
Presented as of 9.30.2015 |
Total adjust |
Restated as of 9.30.2015 |
|
|
|||
|
Noncurrent liabilities |
4,385 |
73 |
4,458 |
|
Shareholders´ equity |
10,468 |
(100) |
10,368 |
|
|
Presented as of 9.30.2015 |
Total adjust |
Restated as of 9.30.2015 |
|
Share of profit of subsidiaries and associates |
188 |
3 |
191 |
|
Net income (loss) |
245 |
3 |
248 |
December 31, 2014 and September 30, 2014:
|
Assets |
Presented as of 12.30.2014 |
Total adjust |
Restated as of 12.31.2014 |
|
|
|||
|
Investiments |
8,391 |
(103) |
8,288 |
|
Total assets |
23,226 |
(103) |
23,123 |
|
|
|||
|
Liabilities |
Presented as of 12.30.2014 |
Total adjust |
Restated as of 12.31.2014 |
|
|
|||
|
Shareholders´ equity |
10,580 |
(103) |
10,477 |
|
Total liabilitites and shareholders´ equity |
23,226 |
(103) |
23,123 |
|
|
Presented as of 9.30.2014 |
Total adjust |
Restated as of 9.30.2014 |
|
Share of profit of subsidiaries and associates |
444 |
(103) |
341 |
|
Net income (loss) |
785 |
(103) |
682 |
23
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
Consolidated:
September 30, 2015:
|
Accounts |
Presented as of 9.30.2015 |
Total Investigation adjust |
Restated as of 9.30.2015 |
|
Assets |
|||
|
Current assets |
|||
|
Accounts receivables |
3,776 |
(22) |
3,754 |
|
Others accounts receivables |
430 |
(48) |
382 |
|
Inventories |
8,663 |
(46) |
8,617 |
|
Recoverable taxes |
1,106 |
(6) |
1,100 |
|
Other receivables |
124 |
- |
124 |
|
Total current assets |
19,744 |
(122) |
19,622 |
|
Recoverable taxes |
2,664 |
- |
2,664 |
|
Deferred income tax and social contribution |
568 |
- |
568 |
|
Property and equipment |
10,192 |
- |
10,192 |
|
Intangible assets |
6,649 |
(68) |
6,581 |
|
Noncurrent assets |
22,714 |
(68) |
22,646 |
|
Total assets |
42,458 |
(190) |
42,268 |
|
|
|||
|
Liabilities |
|||
|
Current Liabilities |
|
|
|
|
Trade payables |
10,737 |
55 |
10,792 |
|
Deferred revenue |
306 |
- |
306 |
|
Others accounts payables |
862 |
35 |
897 |
|
Current liabilities |
20,110 |
90 |
20,200 |
|
Profit reserve |
3,288 |
(103) |
3,185 |
|
Controlling shareholders´ equity |
10,468 |
(100) |
10,368 |
|
Noncontrolling shareholders´ equity |
3,605 |
(180) |
3,425 |
|
Total shareholders´ equity |
14,073 |
(280) |
13,793 |
|
Liabilities and shareholders´ equity |
42,458 |
(190) |
42,268 |
24
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
Consolidated:
December 31, 2014:
|
Accounts |
Presented as of 12.30.2014 |
Total Investigation adjust |
IAS 2 - change of the accounting practice |
Restated as of 12.31.2014 |
|
Assets |
||||
|
Current assets |
||||
|
Accounts receivables |
3,210 |
(34) |
- |
3,176 |
|
Others accounts receivables |
295 |
(37) |
- |
258 |
|
Inventories |
8,405 |
(28) |
(12) |
8,364 |
|
Recoverable taxes |
808 |
(1) |
- |
807 |
|
Total current assets |
24,133 |
(100) |
(12) |
24,021 |
|
Intangible assets |
6,495 |
(47) |
- |
6,448 |
|
Noncurrent assets |
21,367 |
(43) |
- |
21,324 |
|
Total assets |
45,500 |
(143) |
(12) |
45,345 |
|
Liabilities |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Trade payables |
13,322 |
71 |
- |
13,393 |
|
Deferred revenue |
214 |
(2) |
- |
212 |
|
Others accounts payables |
652 |
63 |
- |
715 |
|
Total Current liabilities |
23,848 |
133 |
- |
23,981 |
|
Profit reserve |
3,505 |
(91) |
(12) |
3,402 |
|
Controlling shareholders´ equity |
10,580 |
(91) |
(12) |
10,477 |
|
Noncontrolling shareholders´ equity |
3,902 |
(185) |
- |
3,717 |
|
Total shareholders´ equity |
14,482 |
(276) |
(12) |
14,194 |
|
Liabilities and shareholders´ equity |
45,500 |
(143) |
(12) |
45,345 |
25
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
Consolidated :
September 30, 2015:
|
Presented as of 9.30.2015 |
Total Investigation adjust |
Restated as of 9.30.2015 | |
|
Net sales of goods and services |
49,405 |
(4) |
49,401 |
|
Cost of goods sold and services sold |
(37,671) |
30 |
(37,641) |
|
Gross profit |
11,734 |
26 |
11,760 |
|
Operating income (expenses) |
|||
|
Selling expenses |
(8,180) |
(11) |
(8,191) |
|
General and administrative expenses |
(1,297) |
(5) |
(1,302) |
|
Depreciation and amortization |
(716) |
2 |
(714) |
|
Profit before financial income (expenses) |
1,240 |
12 |
1,252 |
|
Financial income (expenses) |
(1,039) |
(4) |
(1,043) |
|
Profit before income tax and social contribution |
201 |
8 |
209 |
|
|
|
|
|
|
Net income (loss) |
101 |
8 |
109 |
|
Atributtable to: |
|||
|
Controlling shareholders |
245 |
3 |
248 |
|
Noncontrolling shareholders |
(144) |
5 |
(139) |
|
Earnings per share |
|||
|
Common |
0.87073 |
0.87985 | |
|
Preferred |
0.95780 |
0.96784 |
Statement of Value Added:
|
Total adjust 9.30.2015 | |
|
Revenue |
(15) |
|
Products acquired from third parties |
- |
|
Gross value added |
(15) |
|
Retention |
2 |
|
Financial revenue |
(2) |
|
Total value added to distribute |
10 |
26
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
Statement of Cash Flows:
|
Presented as of 9.30.2015 |
Total adjust |
Restated as of 9.30.2015 | |
|
Net cash provided by operating activities |
(3,268) |
(12) |
(3,280) |
|
Net cash provided by investing activities |
(1,388) |
12 |
(1,376) |
September 30, 2014:
|
Presented as of 9.30.2014 |
Total Investigation adjust |
Restated as of 9.30.2014 | |
|
Net sales of goods and services |
45,860 |
(90) |
45,770 |
|
Cost of goods sold and services sold |
(34,160) |
(45) |
(34,205) |
|
Gross profit |
11,700 |
(135) |
11,565 |
|
Operating income (expenses) |
|||
|
Selling expenses |
(7,396) |
(24) |
(7,420) |
|
General and administrative expenses |
(1,039) |
(3) |
(1,042) |
|
Depreciation and amortization |
(589) |
1 |
(588) |
|
Profit before financial income (expenses) |
2,642 |
(161) |
2,481 |
|
Financial income (expenses) |
(1,078) |
- |
(1,078) |
|
Profit before income tax and social contribution |
1,564 |
(161) |
1,403 |
|
Net income (loss) |
1,087 |
(161) |
926 |
|
Atributtable to: |
|||
|
Controlling shareholders |
785 |
(103) |
682 |
|
Noncontrolling shareholders |
302 |
(58) |
244 |
|
Earnings per share |
|||
|
Common |
2.78951 |
2.42460 | |
|
Preferred |
3.06846 |
2.66705 |
The announced balances column includes Malls reclassifications (see note 1.2).
27
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued
Statement of Value Added:
|
Total adjust 9.30.2014 | |
|
Revenue |
(107) |
|
Products acquired from third parties |
(70) |
|
Gross value added |
(177) |
|
Retention |
2 |
|
Total value added to distribute |
(175) |
Statement of Cash Flows:
|
Presented as of 9.30.2014 |
Total adjust |
Restated as of 9.30.2014 | |
|
Net cash provided by operating activities |
48 |
(19) |
29 |
|
Net cash provided by investing activities |
(869) |
19 |
(850) |
1.2 Reclassification of Malls revenue
The Company has reclassified certain amounts in the statements of income and value added for the nine-month period ended September 30, 2014, presented for comparison purposes, to conform them to the reporting criteria adopted in the current period. The following reclassifications were made:
|
Parent Company |
|
Consolidated | |||||
|
Balance at 9.30.2014 |
Presented balance |
Malls galleries – cost |
Reclassified balance |
|
Presented balance |
Malls galleries – cost |
Reclassified balance |
|
Cost of sales and/or services |
(11,636) |
(25) |
(11,661) |
|
(34,125) |
(35) |
(34,160) |
|
Gross profit |
4,424 |
(25) |
4,399 |
|
11,735 |
(35) |
11,700 |
|
Operating income (expenses) |
(3,078) |
25 |
(3,053) |
|
(9,093) |
35 |
(9,058) |
|
Selling expenses |
(2,650) |
25 |
(2,625) |
|
(7,431) |
35 |
(7,396) |
28
(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)
Companhia Brasileira de Distribuição
Notes to the interim financial information
September 30, 2015
(In millions of Brazilian reais, unless otherwise stated)
1. Corporate information – Continued
1.2 Reclassification of Malls revenue - continued
1.2.1 Statement of income: Costs with commercial galleries rental, which were previously recorded as recovery of selling expenses, were reclassified to "cost of goods sold and/or services sold" respectively due to an increase in the share of this activity in the Multivarejo segment and considering that the revenues of this activity is recorded as “sales from goods and/or services”, better presenting this activity in the Group’s financial statements. The Company’s management considers an appropriate procedure to adopt the current classification in order to allow comparability and a final classification of these costs.
1.2.2 Statement of value added: According to the changes mentioned above, the line items that were changed in the statement of value added refer to cost of products, goods and services sold and materials, energy, outsourced services and other in the amounts of R$25 and R$35, parent company and consolidated, respectively
1.3 Performance Commitment Agreement
The Company, its subsidiary Via Varejo S.A (“Via Varejo”) and Casa Bahia Comercial Ltda. (“CB”), jointly “Compromisers”, and the Brazilian Antitrust Agency ("CADE") entered into a Performance Commitment Agreement ("PCA") to approve the Partnership Agreement signed between CBD and CB on December 4, 2009 and amended on July 1, 2010. As the main purpose of PCA, Via Varejo had the major obligation of selling 74 stores located in 54 municipalities distributed in six states and the Federal District.
From the 74 stores, 32 were not sold. Therefore, in accordance with the PCA, these stores had its activities ceased between May and June, 2014, with the payment of R$12 penalty. According to CADE´s authorization, after 6 months closed, 16 stores were reopened in November 2014, in accordance with the PCA.
In relation to 42 stores remaining, they were all sold between October 2013 and January 2014, through direct sales to other companies and open auctions. Such sales were duly approved by CADE. From these 42 stores, 19 were not sold due