Valid Soluções S A : Dados Econômico-Financeiros

Individual and consolidated interim financial information

Valid Soluções S.A.

March 31, 2021

with Independent Auditor's Report

Valid Soluções S.A.
Individual and consolidated interim financial information
March 31, 2021
Contents
Independent auditor's review report on quarterly information ...............................................................	1
Individual and consolidated interim financial information
Statements of financial position............................................................................................................	3
Statements of profit or loss ..................................................................................................................	5
Statements of comprehensive income .................................................................................................	6
Statements of changes in equity - Individual and Consolidated............................................................	7
Statements of cash flows .....................................................................................................................	9
Statements of value added ................................................................................................................	11
Notes to individual and consolidated interim financial information ......................................................	12

Centro Empresarial PB 370

Praia de Botafogo, 370

6º ao 10º andar - Botafogo

22250-040 - Rio de Janeiro - RJ - Brazil

Phone: [phone] ey.com.br

A free translation from Portuguese into English of Independent Auditor's Review Report on quarterly information prepared in Brazilian currency in accordance with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Independent auditor's review report on quarterly information

To the Shareholders, Board of Directors and Officers of

Valid Soluções S.A.

Introduction

We have reviewed the individual and consolidated interim financial information of contained in the Quarterly Information Form (ITR) of Valid Soluções S.A. ("Company") referring to the quarter ended March 31, 2021, comprising the statement of financial position as of March 31, 2021 and the statements of profit or loss, of comprehensive income, of changes in equity and of cash flows for the three-month period then ended, and notes to the interim financial information.

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 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 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).

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A member firm of Ernst & Young Global Limited

Other matters

Statements of value added

The above-mentioned quarterly information include the individual and consolidated statements of value added (SVA) for the three-month period ended March 31, 2021, prepared under 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 overall individual and consolidated interim financial information.

Rio de Janeiro, May 12, 2021.

ERNST & YOUNG

Auditores Independentes S.S.

CRC-2SP015199/O-6

Marcelo Felipe L. de Sá

Accountant CRC-1RJ094644/O-0

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A free translation from Portuguese into English of Individual and Consolidated Quarterly Information prepared in Brazilian currency in accordance with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Valid Soluções S.A.

Statements of financial position

March 31, 2021 and December 31, 2020 (In thousands of reais)

	Note	Individual	Consolidated
Current assets	03/31/2021	12/31/2020	03/31/2021	12/31/2020
	419,886		533,277
Cash and cash equivalents	3	316,597	486,536
Trade accounts receivable	4	154,549	139,224	429,345	358,162
Related party receivables	13	12,960	10,044	-	342
Taxes recoverable	5.a	37,679	33,879	75,067	71,051
Inventories	6	132,886	105,471	325,554	270,014
Restricted short-term investment	24	78,399	57,113	78,450	57,163
Other assets		9,292	6,360	61,386	48,005
		845,651	668,688	1,503,079	1,291,273
Assets available for sale	10	-	-	14,851	13,546
		845,651	668,688	1,517,930	1,304,819
Noncurrent assets		7,301		7,301
Marketable securities	3	5,622	5,622
Trade accounts receivable	4	5,603	7,334	14,505	23,663
Receivables from related parties		-	-	3,947	3,656
Judicial deposits	7	20,605	20,589	21,241	21,166
Taxes recoverable	5.a	21,556	21,556	21,883	21,883
Deferred income and social contribution taxes	5.b	30,115	31,840	115,369	104,465
Other accounts receivable		560	689	2,888	3,932
Investments	8	845,965	802,619	66,112	62,871
Property, plant and equipment	10	185,683	187,802	462,539	446,945
Intangible assets	9	39,006	36,951	935,162	870,110
		1,156,394	1,115,002	1,650,947	1,564,313

Total assets

2,002,045

1,783,690

3,168,877

2,869,132

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