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    MGLU3   BRMGLUACNOR2

MAGAZINE LUIZA S.A.

(MGLU3)
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Magazine Luiza S A : Dados Econômico-Financeiros

07/26/2021 | 06:30pm EDT

Condensed Parent Company and Consolidated Interim Financial Statements as of and for March 31, 2021

Condensed Parent and Consolidated Interim

Financial Statements as of March 31, 2021

Contents

Independent auditor's report on review of condensed parent

company and consolidated interim financial statements

3

Condensed balance sheets

8

Condensed statements of income

10

Condensed statements of comprehensive income

11

Condensed statements of changes in shareholders' equity

12

Condensed statements of cash flows

13

Condensed statements of added value

14

Notes to the condensed parent company and consolidated interim

financial statements

15

2

KPMG Auditores Independentes

Rua Arquiteto Olavo Redig de Campos, 105, 6º andar - Torre A 04711-904 - São Paulo/SP - Brasil

Caixa Postal 79518 - CEP 04707-970 - São Paulo/SP - Brasil Telefone +55 (11) 3940-1500

kpmg.com.br

Independent Auditors' Report on Review of Condensed Parent

Company and Consolidated Interim Financial Statements

To the Shareholders and Board of Directors of

Magazine Luiza S.A.

Franca - SP

Introduction

We have reviewed the accompanying March 31, 2021 condensed parent company and consolidated interim financial statements of Magazine Luiza S.A. ("the Company"), which comprises:

  • the condensed parent company and consolidated balance sheets as at March 31, 2021;
  • the condensed parent company and consolidated statements of income and other comprehensive income for three-month periods ended March 31, 2021;
  • the condensed parent company and consolidated statements of changes in shareholders' equity for the three-month period ended March 31, 2021;
  • the condensed parent company and consolidated statements of cash flows for the three-month period ended March 31, 2021; and
  • notes to the interim financial statements.

Management is responsible for the preparation and presentation of these condensed parent company and consolidated interim financial statements in accordance with CPC 21(R1) and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB. Our responsibility is to express a conclusion on this condensed parent company and consolidated interim financial statements based on our review.

KPMG Auditores Independentes, uma sociedade simples brasileira e firma- membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative ("KPMG International"), uma entidade suíça.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

3

Scope of Review

We conducted our review in accordance with Brazilian and International Review Standards NBC TR 2410 - Revisão de Informações Intermediárias Executada pelo Auditor da Entidade and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively. A review of condensed parent company and consolidated interim financial statements 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 Brazilian and International 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 condensed parent company and condensed interim financial statements

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed parent company and consolidated interim financial statements as at March 31, 2021 is not prepared, in all material respects, in accordance with CPC 21(R1) and IAS 34 - Interim Financial Reporting.

Other Mathers

Condensed statements of added value

We also reviewed the condensed parent company and consolidated statement of added value for the three-month period ended March 31, 2021, prepared under the responsibility of the Company's Management, for which presentation is required in the interim information in accordance with Accounting Pronouncement CPC 21(R1) and IAS 34 - Interim Financial Reporting, which does not require the presentation of the statement of added value. These statements were submitted to the same review procedures described previously and, based on our review, nothing has come to our attention that causes us to believe that the accompanying statements of value added is not prepared, in all material respects, in accordance with Accounting Pronouncement CPC 21(R1) and IAS 34 - Interim Financial Reporting.

São Paulo, May 13, 2021

KPMG Auditores Independentes

CRC 2SP014428/O-6

Marcelle Mayume Komukai

Accountant CRC 1SP249703/O-5

KPMG Auditores Independentes, uma sociedade simples brasileira e firma- membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative ("KPMG International"), uma entidade suíça.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

4

Magazine Luiza S.A.

Condensed balance sheets as at March 31, 2021 and December 31, 2020 (Amounts expressed in thousands of reais - R$)

Note

Parent Company

Consolidated

Assets

03/31/2021

12/31/2020

03/31/2021

12/31/2020

Current assets

Cash and cash equivalents

5

408,562

1,281,569

639,869

1,681,376

Securities

6

745,234

1,220,095

745,394

1,221,779

Trade accounts receivable

7

2,272,531

3,460,711

3,714,318

4,761,899

Inventory

8

6,354,584

5,459,037

6,808,443

5,927,236

Receivables from related parties

9

2,062,462

2,661,364

1,633,939

2,329,648

Recoverable taxes

10

782,042

594,782

895,426

716,118

Other assets

112,879

121,925

183,577

160,754

Total current assets

12,738,294

14,799,483

14,620,966

16,798,810

Non-current assets

Trade accounts receivable

7

16,967

16,140

16,967

16,140

Recoverable taxes

10

643,553

740,927

690,273

787,934

Deferred income tax and social contribution

11

88,369

164,047

128,343

196,736

Escrow deposits

22

770,828

660,734

980,613

843,852

Other assets

3,913

3,703

4,896

6,333

Investments in subsidiaries

12

1,665,002

1,318,347

-

-

Investments in joint venture

13

381,789

386,725

381,789

386,725

Right-of-use of leases

14

2,449,833

2,441,539

2,472,580

2,465,514

Property, plant and equipment

15

1,223,929

1,171,758

1,307,990

1,258,162

Intangible assets

16

631,444

593,427

2,006,141

1,886,997

Total non-current assets

7,875,627

7,497,347

7,989,592

7,848,393

Total assets

20,613,921

22,296,830

22,610,558

24,647,203

See the accompanying notes to the interim financial statements.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Magazine Luiza SA published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 22:29:04 UTC.


© Publicnow 2021
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Sales 2021 37 562 M 7 109 M 7 109 M
Net income 2021 809 M 153 M 153 M
Net cash 2021 2 421 M 458 M 458 M
P/E ratio 2021 157x
Yield 2021 0,19%
Capitalization 110 B 20 691 M 20 789 M
EV / Sales 2021 2,86x
EV / Sales 2022 2,29x
Nbr of Employees 40 000
Free-Float 42,5%
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Magazine Luiza S.A. Technical Analysis Chart | MGLU3 | BRMGLUACNOR2 | MarketScreener
Technical analysis trends MAGAZINE LUIZA S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 16,57 BRL
Average target price 27,31 BRL
Spread / Average Target 64,8%
EPS Revisions
Managers and Directors
Frederico Trajano Inácio Rodrigues Chief Executive Officer
Roberto Bellissimo Rodrigues Chief Financial Officer & IR Officer
Luiza Helena Trajano Inácio Rodrigues Chairman
André Luiz de Souza Fatala Chief Technology Officer
Fabrício Bittar Garcia Vice President-Operations & Commercial
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