(FreeTranslation into English from the Original Previously Issued in Portuguese.)
Individual and Consolidated Interim Financial Information for the Quarter Ended September 30, 2020 and Report on Review of Interim Financial Information
Ernst &Young Auditors Independent
FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) ITR - Interim Financial Information - September 30,2020 - COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
A free translation from Portuguese into English of Independent Auditor's Report on Review of Quarterly Financial Information
Independent auditor's review report on quarterly information
To the Shareholders, Directors and Officers
Companhia Brasileira de Distribuição
São Paulo - SP - Brazil
Introduction
We have reviewed the accompanying individual and consolidated interim financial information, contained in the Quarterly Information Form (ITR) of Companhia Brasileira de Distribuição for the quarter ended September 30, 2020, comprising the statement of financial position as of September 30, 2020 and the related statements of profit or loss and comprehensive income for three and nine-month periods then ended, and 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 Accounting Pronouncement NBC TG 21 - Interim Financial Reporting and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the fair presentation of this information in conformity with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of the Quarterly Information Form (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 Engagements (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 auditing standards 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 and consolidated 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 quarterly information referred to above are not prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable to the preparation of Quarterly Information Form (ITR), and presented consistently with the rules issued by the Brazilian Securities and Exchange Commission (CVM).
FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) ITR - Interim Financial Information - September 30,2020 - COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
Emphasis of matter
Restatement of corresponding figures
As mentioned in Note 2.1.1, due to the adoption of the accounting pronouncement NBC TG 06 (R3) - Arrendamentos, equivalent to IFRS 16 - Leases), the corresponding individual and consolidated figures related to the interim financial information comprising the statements of profit or loss for three and nine- month periods ended September 30, 2019 and cash flows for the nine-month period ended September 30, 2019, presented for comparison purposes, were adjusted and restated as required by NBC TG 23 - Accounting Policies, Changes in Accounting Estimates and Error Correction. Our conclusion is not modified in respect of this matter.
Other matters
Statements of value added
The abovementioned quarterly information includes the individual and consolidated statements of value added (SVA) for the nine-month period ended September 30, 2020, prepared under the Company's Management responsibility and presented as supplementary information by IAS 34. These statements have been subject to review procedures performed together with the review of the quarterly information with the objective to conclude whether they are reconciled to the interim financial information and the accounting records, as applicable, and if its format and content are in accordance with the criteria set forth by NBC TG 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that they were not prepared, in all material respects, consistently with the overall individual and consolidated interim financial information.
São Paulo, October 28, 2020.
ERNST & YOUNG
Auditores Independentes S.S.
CRC-2SP034519/O-6
Antonio Humberto Barros dos Santos
Accountant CRC-1SP161745/O-3
FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) ITR - Interim Financial Information - September 30,2020 - COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
Company Information | |
Capital Composition | 5 |
Individual Interim Financial Information | |
Balance Sheet - Assets | 6 |
Balance Sheet - Liabilities | 7 |
Statement of Operations | 8 |
Statement of Comprehensive Income | 9 |
Statement of Cash Flows | 10 |
Statement of Changes in Shareholders' Equity | |
1/1/2020 to 9/30/2020 | 11 |
1/1/2019 to 9/30/2019 | 12 |
Statement of Value Added | 13 |
Consolidated Interim Financial Information | |
Balance Sheet - Assets | 14 |
Balance Sheet - Liabilities | 15 |
Statement of Operations | 16 |
Statement of Comprehensive Income | 17 |
Statement of Cash Flows | 18 |
Statement of Changes in Shareholders' Equity | |
1/1/2020 to 9/30/2020 | 20 |
1/1/2019 to 9/30/2019 | 21 |
Statement of Value Added | 22 |
Comments on the Company`s Performance | 23 |
Notes to the Interim Financial Information | 47 |
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CBD - Companhia Brasileira de Distribuição published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 12:09:02 UTC