Document and Entity Information
Document and Entity Information - shares | 12 Months Ended | |
Dec. 31, 2022 | May 12, 2023 | |
Document Information [Line Items] | ||
Document Type | 20-F | |
Document Registration Statement | false | |
Document Annual Report | true | |
Document Transition Report | false | |
Document Period End Date | Dec. 31, 2022 | |
Document Shell Company Report | false | |
Entity File Number | 001-41638 | |
Entity Registrant Name | AMBIPAR EMERGENCY RESPONSE | |
Entity Incorporation, State or Country Code | KY | |
Entity Address, Address Line One | Ambipar Emergency Response | |
Entity Address, Adress Line Two | Avenida Angélica, nº 2346, 5th Floor | |
Entity Address, City or Town | São Paulo | |
Entity Address, Country | BR | |
Entity Address, Postal Zip Code | 01228-200 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | true | |
Document Accounting Standard | International Financial Reporting Standards | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
ICFR Auditor Attestation Flag | false | |
Entity Central Index Key | 0001937441 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | FY | |
Amendment Flag | false | |
Auditor Name | BDO RCS Auditores Independentes SS Ltda | |
Auditor Location | Campinas, Brazil | |
Auditor Firm ID | 5485 | |
Business Contact [Member] | ||
Document Information [Line Items] | ||
Contact Personnel Name | Rafael Espírito Santo | |
Country Region | +55 | |
City Area Code | 11 | |
Local Phone Number | 3429-5000 | |
Contact Personnel Email Address | ir.response@ambipar.com | |
Ordinary shares | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Ordinary Shares | |
Trading Symbol | AMBI | |
Security Exchange Name | NYSE | |
Class A ordinary shares | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 16,195,105 | |
Class B ordinary shares | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 39,234,746 | |
Warrants | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Warrants | |
Trading Symbol | AMBIWS | |
Security Exchange Name | NYSE | |
Entity Common Stock, Shares Outstanding | 16,180,000 |
Consolidated statements of fina
Consolidated statements of financial position - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Current | ||
Cash and cash equivalents | R$ 271607 | R$ 118918 |
Trade and other receivables, net | 702,980 | 234,288 |
Current income tax and social contribution recoverable | 6,388 | 4,895 |
Other taxes recoverable | 29,740 | 13,308 |
Prepaid expenses | 37,806 | 1,484 |
Advances to suppliers | 29,864 | 47,283 |
Inventories | 18,128 | 8,781 |
Other accounts equivalents | 36,498 | 24,454 |
Total current assets | 1,133,011 | 453,411 |
Noncurrent | ||
Related parties loans | 26,180 | 34,726 |
Non-current income tax and social contribution recoverable | 2,854 | |
Non-current other taxes recoverable | 392 | |
Deferred taxes | 25,420 | 8,987 |
Judicial deposits | 826 | 147 |
Other accounts receivable | 37,599 | 6,811 |
Investments | 7,620 | |
Property, plant and equipment, net | 516,081 | 296,396 |
Right of use, net | 68,275 | 35,225 |
Goodwill | 1,192,302 | 585,746 |
Intangible assets | 420,197 | 9,632 |
Total Non-current assets | 2,297,746 | 977,670 |
Total assets | 3,430,757 | 1,431,081 |
Current | ||
Loans and financing | 67,656 | 60,755 |
Debentures | 84,187 | |
Trade and other payables | 146,611 | 39,573 |
Labor obligations | 114,941 | 21,552 |
Dividends Payable | 76,909 | 31,469 |
Current income tax and social contribution payable | 12,998 | 6,872 |
Other tax payable | 33,719 | 17,678 |
Obligations from acquisition of investment | 129,198 | 128,130 |
Lease liabilities | 14,411 | 9,635 |
Other bills to pay | 36,345 | 30,480 |
Current liabilities | 716,975 | 346,144 |
Noncurrent | ||
Loans and financing | 649,762 | 94,549 |
Debentures | 516,533 | |
Other taxes payable | 7,986 | 4,065 |
Related parties loans | 769,792 | 482,161 |
Deferred income tax and social contribution | 190,833 | 33,404 |
Obligations from acquisition of investment | 94,228 | 101,278 |
Provision for contingencies | 607 | 181 |
Lease liabilities | 32,648 | 22,032 |
Other bills to pay | 4,305 | 9,349 |
Non-current liabilities | 2,266,694 | 747,019 |
Equity | ||
Capital | 261,920 | 261,920 |
Profit reserves | 302,817 | 176,148 |
Capital transactions | (110,218) | (116,486) |
Equity valuation adjustment | 984 | |
Accumulated translation adjustment | (89,165) | 3,428 |
Equity attributable to owners of the group | 365,354 | 325,994 |
Non-controlling interest | 81,734 | 11,924 |
Total equity | 447,088 | 337,918 |
Total shareholders' equity and liabilities | R$ 3430757 | R$ 1431081 |
Consolidated statements of inco
Consolidated statements of income - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Consolidated statements of income | |||
Net revenue | R$ 1684896 | R$ 822203 | R$ 364284 |
Cost of services rendered | (1,337,749) | (618,691) | (256,147) |
Gross Profit | 347,147 | 203,512 | 108,137 |
Operating (expenses)/revenues | |||
Selling, general and administrative | 26,553 | 26,837 | 18,956 |
Equity in earnings of investiments | 3,628 | ||
Other income, net expenses | 12,536 | 1,355 | 705 |
Operating expenses | (10,389) | (25,482) | (18,251) |
Operating profit | 336,758 | 178,030 | 89,886 |
Net finance costs | |||
Financial expenses | (113,541) | (12,804) | (14,483) |
Financial income | 9,567 | 10,776 | 7,405 |
Net finance costs | 103,974 | 2,028 | 7,078 |
Net income before income and social contribution taxes | 232,784 | 176,002 | 82,808 |
Current income tax and social contribution | (35,806) | (23,773) | (11,274) |
Deferred income tax and social contribution | (9,104) | (14,087) | (5,480) |
Profit for the year | 187,874 | 138,142 | 66,054 |
Attributable to: | |||
Controlling interest | 161,493 | 131,116 | 61,699 |
Non-controlling interest | R$ 26381 | R$ 7026 | R$ 4355 |
Number of shares at year end | 261,920,439 | 48,615,599 | 36,898,917 |
Number of shares at year end | 48,615,599 | ||
Earnings per share (basic) at the end of the year-in R$ | R$ 0.72 | R$ 2.84 | R$ 1.79 |
Earnings per share (diluted) at the end of the year-in R$ | R$ 0.72 | R$ 2.84 | R$ 1.79 |
Consolidated statements of chan
Consolidated statements of changes in equity - BRL (R$) R$ in Thousands | Total attributable to the controlling shareholder | Capital | Advances for future capital increase | Capital transactions | Legal reserve | Unrealized Profits Reserve | Equity valuation adjustment | Accumulated translation adjustment | Retained earnings | Non controlling interests | Total |
Balance at beginning at Dec. 31, 2019 | R$ 51242 | R$ 36899 | R$ 3458 | R$ 5024 | R$ 9707 | R$ 984 | R$ 2086 | R$ 13877 | R$ 65119 | ||
Advance for future capital increase | 176,000 | R$ 176000 | 176,000 | ||||||||
Participation of non-controllers | 5,289 | 5,289 | |||||||||
Other comprehensive loss | 14,732 | 14,732 | 14,732 | ||||||||
Net income for the year | 61,699 | R$ 61699 | 4,355 | 66,054 | |||||||
Allocation of profit | |||||||||||
Legal reserve | 2,356 | (2,356) | |||||||||
Unearned profit reserve | 59,343 | (59,343) | |||||||||
Balance at ending at Dec. 31, 2020 | 303,673 | 36,899 | 176,000 | (3,458) | 7,380 | 69,050 | 984 | 16,818 | 23,521 | 327,194 | |
Capital increase with investment transfer | 24,005 | 49,021 | (25,016) | 24,005 | |||||||
Advance for future capital increase | 176,000 | R$ 176000 | |||||||||
Transactions with shareholders | (118,026) | (118,026) | (118,026) | ||||||||
Distribution of profit from previous year | (307) | (307) | (307) | ||||||||
Participation of non-controllers | (18,623) | (18,623) | |||||||||
Other comprehensive loss | 16,687 | 4,998 | 63 | 11,626 | 16,687 | ||||||
Net income for the year | 131,116 | 131,116 | 131,116 | 7,026 | 138,142 | ||||||
Allocation of profit | |||||||||||
Legal reserve | 6,556 | (31,154) | (6,556) | ||||||||
Mandatory minimum dividends | (31,154) | 93,406 | (31,154) | (31,154) | |||||||
Unearned profit reserve | 93,406 | (93,406) | |||||||||
Balance at ending at Dec. 31, 2021 | 325,994 | 261,920 | (116,486) | 13,936 | 162,212 | 984 | 3,428 | 11,924 | 337,918 | ||
Transactions with shareholders | (1,349) | (1,349) | (1,349) | ||||||||
Transfer by costly restructuring | (1,734) | 3,531 | (5,265) | (1,734) | |||||||
Participation of non-controllers | 43,429 | 43,429 | |||||||||
Other comprehensive loss | (80,695) | R$ 984 | (79,711) | (80,695) | |||||||
Exchange variation on Capital Transaction | 7,617 | (7,617) | |||||||||
Net income for the year | 161,493 | 161,493 | 161,493 | 26,381 | 187,874 | ||||||
Allocation of profit | |||||||||||
Legal reserve | 8,075 | (38,355) | (8,075) | 31,154 | |||||||
Mandatory minimum dividends | (38,355) | 115,063 | (38,355) | (38,355) | |||||||
Unearned profit reserve | 115,063 | R$ 115063 | |||||||||
Balance at ending at Dec. 31, 2022 | R$ 365354 | R$ 261920 | R$ 110218 | R$ 22011 | R$ 280806 | R$ 89165 | R$ 81734 | R$ 447088 |
Consolidated statements of comp
Consolidated statements of comprehensive income - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Consolidated statements of comprehensive income | |||
Net income for the year | R$ 187874 | R$ 138142 | R$ 66054 |
Items that are or may be reclassified subsequently to profit or loss: | |||
Unrealized income reserve | 63 | ||
Equity valuation adjustment | (984) | ||
Exchange rate change on goodwill on investee abroad | 7,617 | 4,998 | |
Accumulated translation adjustment | (87,328) | 11,626 | 14,732 |
Other comprehensive loss for the period, net of taxes | (80,695) | 16,687 | 14,732 |
Total comprehensive income, net of taxes | 107,179 | 154,829 | 80,786 |
Attributable to: | |||
Controlling interest | 80,798 | 147,803 | 76,431 |
Non-controlling interest | R$ 26381 | R$ 7026 | R$ 4355 |
Consolidated statements of cash
Consolidated statements of cash flows - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from operating activities | |||
Net income for the year | R$ 187874 | R$ 138142 | R$ 66054 |
Adjustments to reconcile income to cash from (applied to) operations: | |||
Depreciation and amortization | 112,029 | 60,163 | 22,519 |
Expected credit losses | 248 | (340) | 39 |
Residual value of written-off property, plant and equipment and intangible assets | 26,291 | (6,355) | 3,969 |
Provision for contingencies | 334 | (365) | (474) |
Income tax and social contribution - Deferred | 9,104 | 14,087 | 5,480 |
Equity in earnings of investments | (3,628) | ||
Investments adjustments | (2,779) | ||
Interest on loans and financing, debentures, leases and exchange rate variation | 96,699 | 2,919 | 2,846 |
Changes in assets and liabilities: | |||
Accounts receivable | 94,381 | (79,118) | (32,243) |
Recoverable taxes | (20,550) | (6,102) | 5,317 |
Prepaid expenses | (32,859) | 1,778 | 19 |
Advances to suppliers | 23,650 | (29,287) | (16,201) |
Inventories | (5,672) | (3,607) | (3,737) |
Other accounts receivable | 18,783 | 24,850 | (13,192) |
Suppliers | (10,901) | (21,740) | (7,340) |
Salaries and social security charges | 27,472 | (1,485) | 6,953 |
Taxes payable | 34,210 | (2,900) | (1,595) |
Other accounts payable | (25,736) | (17,565) | (350) |
Cash generated from operating activities | 528,950 | 73,075 | 38,064 |
Interest paid on loans and financing | (12,126) | (5,985) | (2,722) |
Interest paid on debentures | (25,274) | ||
Interest paid on leases | (2,400) | (573) | (183) |
Income tax and social contribution | (18,213) | (2,193) | (2,656) |
Net cash generated from operating activities | 470,937 | 64,324 | 32,503 |
Cash flow from investing activities | |||
Cash spent on companies' acquisitions; net of cash received | (1,090,040) | (286,134) | (76,023) |
Payment of obligations from acquisition of investments | (134,981) | (38,493) | (19,638) |
Acquisition of property, plant and equipment and intangible assets | (95,748) | (123,793) | (22,001) |
Net cash used in investing activities | (1,320,769) | (448,420) | (117,662) |
Cash flow from financing activities | |||
Profit distribution - prior periods | (63) | ||
Related parties | 71,019 | 441,662 | 113,965 |
Lease payments - Principal | (32,802) | (6,819) | (3,955) |
Proceeds from loans and financing | 446,870 | 50,620 | 22,415 |
Funding of debentures | 573,623 | ||
Payments of loans and financing - Principal | (63,985) | (52,152) | (23,547) |
Net cash generated from financing activities | 994,725 | 433,248 | 108,878 |
Increase in cash and cash equivalents | 144,893 | 49,152 | 23,719 |
Exchange rate change in cash and cash equivalents | 7,796 | 8,012 | 25,769 |
Cash and cash equivalents at the beginning of the year | 118,918 | 61,754 | 12,266 |
Cash and cash equivalents at the end of the year | R$ 271607 | R$ 118918 | R$ 61754 |
General Information
General Information | 12 Months Ended |
Dec. 31, 2022 | |
General Information | |
General Information | 1. General information Response Group (“Group”) is a direct subsidiary of Ambipar Participações e Empreendimentos S.A. (“Ambipar Group” or “Company”) in the Emergency Response segment, it’s part of the Group’s essence the commitment to sustainable matters, working on the ESG (“Environment, Social and Governance”) pillars within its business and supporting its clients. The Response Group is engaged in the response to accidents with chemical products and pollutants, fighting fires, environmental emergencies on highways, railways, airports, ports, industries, mining and pipelines, and natural disasters. The Group also offers other environmental services, such as specialized industrial cleaning. The Response Group is also specialized in Crisis Management and answering to environmental, chemical and biological emergencies that affect the health, the environment, and property. Supported by state-of-the-art professionals with standardized HAZMAT training, proprietary command center technology, specialized vehicles and equipment. Response develops and follows security protocols, in order to respond safely to hundreds of simultaneous emergencies and dangerous services. The Response Group owns more than 300 bases around the world, employs more than 5,000 trained employees who respond to emergencies on call 24 hours a day, 365 days a year. On July 13, 2020, Ambipar Group’ capital was open to the public in Brazil. It was the first environmental management company to join B3, the Brazilian stock exchange, starting to trade its shares in the Novo Mercado corporate governance segment with stock ticker code AMBP3. On July 6, 2022, Emergência Participações entered into a business combination agreement with HPX Corp. (“HPX”), a Special Purpose Acquisition Company (SPAC), to further accelerate the Company's growth. On March 3, 2023, after compliance with all corporate and regulatory requirements, the transaction was concluded. Thus, as of March 6, 2023, the Company became listed, and its common shares and warrants began to be traded on the NYSE American under the codes “AMBI” and “AMBI.WS”, respectively. 1.1. Activity in the Response segment The main business activities of the Response Group comprise operating in prevention, management, and emergency response to accidents involving hazardous or non-hazardous products in all modes of transportation, with its own service centers and presence in 39 countries in South America, Europe, Africa, North America, and Antarctica. In addition, it provides industrial firefighters who work at customer’s facilities and has the largest and most complete training field in Latin America, training employees and clients with the most complete structure focused on emergency response and management in multimodal scenarios. As of December 31, 2022 and December 31, 2021 the Response Group’s equity interests and their respective areas of activity are shown in Note 1.2 “Organization and Plan of Business Operation”. 1.2. Organization and Plan of Business Operation a) Transfer of Ambipar Response Limited and Ambipar Howells Consultancy Limited to Emergência Participações S.A. As per decided at the general meeting of the extraordinary reorganization on October 2021, following the plan of business operation for companies under common control, the entities Ambipar Response Limited (United Kingdom) and Ambipar Howells Consultancy Limited, both previously directly controlled by the Ambipar Group, became the wholly subsidiaries of Emergência Participações S.A. that provides the same activities as the original companies. b) Incorporation of Ambipar Holding USA, Ambipar Holdings UK Limited, Ambipar Holding Canada e Ambipar Holding Ireland In 2020 and 2021, the Response Group set up four holding companies, Ambipar Holding USA, Inc (“Ambipar USA”) Ambipar Holding Canada, Inc (“Ambipar Canada”), Ambipar Holdings UK Limited (“Ambipar UK”) and Ambipar Holding Ireland Limited (“Ambipar Ireland”) in order to acquire business in those locations, following the Response group’s plan of business operation. c) Acquisition of Inversiones Disal Emergencia On June 28, 2021, the Group acquired 100% of the shares of Inversiones Disal Emergencia (“acquired”). As a result, the company Inversiones Disal Emergencia (“Acquired”) became a subsidiary of Emergência Participações S.A. with the same activities as the original company (See in Note 1.3). Inversiones Disal Emergencia owned a stake in Suatrans Chile. List of subsidiaries The Consolidated Financial Statements include the individual statements of the entities of the Response Group, listed below: Ownership held Ownership held by Group by NCI Place of Business/ Country 12.31.2022 12.31.2021 12.31.2022 12.31.2021 Consolidation Company of Incorporation Controller % % % % method Emergência Participações S.A. Brazil Ambipar Participações 100.00 100.00 — — Full Ambipar Response S.A. Brazil Emergência Participações 100.00 100.00 — — Full Ambipar Insurance Corretora de Seguros Ltda Brazil Emergência Participações — 100.00 — — Full Ambipar Response Insurence - Atendimento a Seguros Ltda Brazil Emergência Participações 100.00 100.00 — — Full Ambipar University S.A. Brazil Emergência Participações — 100.00 — — Full Suatrans Chile S.A. Chile Emergência Participações 100.00 100.00 — — Full Suatrans Peru SAC Peru Suatrans Chile 99.78 99.78 0.22 0.22 Full Suatrans Training S.A. Chile Suatrans Chile 99.99 99.99 0.01 0.01 Full SIS – Servicios Industriales Especializados S.A. Chile Suatrans Chile 99.99 99.99 0.01 0.01 Full Horvefel S.A. Uruguai Suatrans Chile 100.00 100.00 — — Full SABI Tech S.A.S Colombia Suatrans Chile 100.00 100.00 — — Full Ambipar Holding USA, INC United States of America Emergência Participações 100.00 100.00 — — Full Allied International Emergency LLC. United States of America Ambipar Holding USA 100.00 100.00 — — Full One Stop Environmental, LLC United States of America Ambipar Holding USA 100.00 100.00 — — Full Intracoastal Invironmental, LLC United States of America Ambipar Holding USA 100.00 100.00 — — Full Custom Environmental Services, INC United States of America Ambipar Holding USA 100.00 100.00 — — Full EMS Environmental, Inc United States of America Ambipar Holding USA 100.00 100.00 — — Full Ownership Ownership held held by Group by NCI Place of Business/ Country 2022 2021 2022 2021 Consolidation Company of Incorporation Controller % % % % method Swat Consulting Inc. United States of America Ambipar Holding USA 100.00 100.00 — — Full Professional Emergency Resource Services United States of America Ambipar Holding USA 100.00 100.00 — — Full Ambipar Response L1 Inc United States of America Ambipar Holding USA 100.00 — — — Full Witt O'Brien"s LLC United States of America Ambipar Holding USA 100.00 — — — Full Navigate Communications Pte. Ltd. Singapore Witt O'Brien"s LLC 100.00 — — — Full Navigate Response (Asia) Pte. Ltd. Singapore Witt O'Brien"s LLC 100.00 — — — Full Navigate PR Limited England and Wales Witt O'Brien"s LLC 100.00 — — — Full Navigate Response Limited England and Wales Witt O'Brien"s LLC 100.00 — — — Full Strategic Crisis Advisors LLC Georgia Witt O'Brien"s LLC 100.00 — — — Full Witt O’Brien’s PR LLC Puerto Rico Witt O'Brien"s LLC 100.00 — — — Full Witt O'Brien's USVI, LLC U.S. Virgin Islands Witt O'Brien"s LLC 100.00 — — — Full Witt O'Brien's Payroll Management LLC Delaware Witt O'Brien"s LLC 100.00 — — — Full O'Brien's Response Management, L.L.C. Delaware Witt O'Brien"s LLC 100.00 — — — Full O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente S/A (c) Brazil Witt O'Brien"s LLC 50.00 — 50.00 — No Witt O'Brien's Insurance Services, LLC New Jersey Witt O'Brien"s LLC 100.00 — — — Full Witt Associates do Brasil Consultoria Ltda. Brasil Witt O'Brien"s LLC 99.92 — 0.08 — Full Ambipar Holdings UK Limited United Kingdom Emergência Participações 100.00 100.00 — — Full Groco 404 Limited United Kingdom Ambipar Holdings UK Limited 100.00 100.00 — — Full Ambipar Site Services Limited United Kingdom Groco 404 Limited 100.00 100.00 — — Full Ambipar Holding Ireland Limited Ireland Ambipar Holdings UK Limited 100.00 100.00 — — Full Lehane Environmental & Industrial Services Ltd Ireland Ambipar Holding Ireland 100.00 100.00 — — Full Ambipar Response Limited (UK) United Kingdom Ambipar Holdings UK Limited 100.00 100.00 — — Full Ambipar Howells Consultancy Limited United Kingdom Ambipar Response Limited (UK) 100.00 100.00 — — Full Ambipar Response Limited United Kingdom Ambipar Response Limited (UK) 100.00 100.00 — — Full Ambipar Holding Canadá, INC Canadá Emergência Participações 100.00 100.00 — — Full Emerge Hydrovac Inc. Canadá Ambipar Holding Canadá 100.00 100.00 — — Full Lynx Creek Industrial & Hydrovac Ltd. Canadá Ambipar Holding Canadá 100.00 100.00 — — Full Orion Environmental Services Ltd. Canadá Ambipar Holding Canadá 100.00 100.00 — — Full First Response Inc Canadá Ambipar Holding Canadá 100.00 — — — Full Graham Utility Hydrovac Services Canadá Ambipar Holding Canadá 100.00 — — — Full Ridgeline Canada Inc Canadá Ambipar Holding Canadá 100.00 — — — Full Ambipar Response ES S.A. Brazil Emergência Participações 70.00 70.00 30.00 30.00 Full Ambipar Response Control Environmental Consulting S.A. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Orbitgeo Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response OGTEC Facilities Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Wastewater Control Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Geoweb Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Geociências Ltda. (a) Brazil Ambipar Response ES 38.50 38.50 61.50 61.50 Full Bioenv Análises Ambientais Ltda (b) Brazil Ambipar Response ES 35.70 — 64.30 — Full CTA Serviços em Meio Ambiente Ltda Brazil Ambipar Response ES 70.00 — 30.00 — Full RG Consultoria Técnica Ambiental S.A. Brazil Emergência Participações 51.00 — 49.00 — Full RG Consultoria Técnica Ambiental Brasil Ltda Brazil RG Consultoria 51.00 — 49.00 — Full JM Serviços Integrados Ltda Brazil Emergência Participações 70.00 70.00 30.00 30.00 Full JM Serviços e Locações Ltda Brazil Emergência Participações 70.00 70.00 30.00 30.00 Full Lacerda & Lacerda Serviços de Transportes e Emergências Ambientais Ltda Brazil Emergência Participações 100.00 70.00 — 30.00 Full Desentupidora Belo Ltda Brazil Emergência Participações — 70.00 — 30.00 Full Ambipar Response Gás Ltda. Brazil Emergência Participações 100.00 100.00 — — Full Inversiones Disal Emergencias S.A. Chile Emergência Participações 100.00 100.00 — — Full Ambipar Atendimento Médico Hospitalar Ltda. Brazil Emergência Participações 100.00 100.00 — — Full Fênix Emergências Ambientais Ltda. Brazil Emergência Participações 100.00 100.00 — — Full APW Ambiental e Transporte Ltda. Brazil Emergência Participações 100.00 100.00 — — Full Dracares Apoio Marítimo e Portuário Ltda Brazil Emergência Participações 51.00 — 49.00 — Full Flyone Serviço Aéreo Especializado, Comércio e Serviço Ltda Brazil Emergência Participações 51.00 — 49.00 — Full CK7 Serviços de Manutenção Industrial e Reparos em Geral Ltda Brazil Emergência Participações 51.00 — 49.00 — Full C-Safety Comércio, Indústria e Serviços Ltda Brazil CK7 Serviços de Manutenção 51.00 — 49.00 — Full (a) The subsidiary Ambipar Response ES has a 55% interest in Ambipar Response Geociências Ltda. The Company has a 70% interest in Ambipar Response ES, thus the Group has 38.50% control over the subsidiary. (b) The subsidiary Ambipar Response ES has a 51% interest in Bioenv Análises Ambientais Ltda. The Company has a 70% interest in Ambipar Response ES, thus the Group has 35.70% control over the subsidiary. (c) As described in Note 1 – General Information, the Company acquired, through its subsidiary Emergência Participações S.A., 100% of the company Witt O’Briens and the acquisition was completed on October 25, 2022; as a result, there was a joint agreement with the acquisition of 50% of O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente S.A., characterizing a joint venture. 1.3. Authorization to issue these Consolidated Financial Statements The issuance of these Consolidated Financial Statements was authorized by Management on May 12, 2023. |
Description of significant acco
Description of significant accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Description of significant accounting policies | |
Description of significant accounting policies | 2. Description of significant accounting policies 2.1. Basis of presentation The Consolidated Financial Statements as of and for the three years ended December 31, 2022 have been prepared and are presented in accordance with the International Financial Reporting Standards – IFRS, as issued by International Accounting Standard Board (IASB), with the application of IFRS 1 First-time Adoption of IFRS. An explanation of how the transition to IFRS has affected the reported financial position, financial performance, and cash flows of the Group is provided in Note 3.1. The Consolidated Financial Statements are identified as “Consolidated”. The Consolidated Financial Statements are expressed in thousands of Reais ("R$"), and the reporting of amounts in other currencies, when needed, is also expressed in thousands, unless otherwise indicated. The preparation of Consolidated Financial Statements requires Management to make judgments, use estimates and adopt assumptions that affect the amounts presented for revenues, expenses, assets and liabilities, including contingent liabilities. However, uncertainty relating to these judgments, assumptions and estimates could lead to results that require a significant adjustment to the book value of certain assets and liabilities in future years. Response Group’s Management states and confirms that all relevant information in the consolidated financial statements is being evidenced and corresponds to the one used by Management in the administration. The Consolidated Financial Statements have been prepared on the historical cost’s basis, except certain financial assets and liabilities that measured at their fair value. The Consolidated Financial Statements have been prepared on a going concern basis, which assumes that the Response Group will be able to discharge its liabilities. 2.2. Basis of consolidation These Consolidated Financial Statements include the results of the Company and all its subsidiary undertakings made up to the same accounting date. All intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. The results of subsidiary undertakings acquired or disposed of during the period are included or excluded from the consolidated income statement from the effective date of acquisition or disposal. 2.3. New or revised pronouncements applied for the first time in 2022 The new IFRS standards will only be applied in Brazil after the issuance of the respective standards in Portuguese by the Accounting Pronouncements Committee and approval by the Federal Accounting Council. a) Onerous contracts – Cost of contract performance (Amendments to IAS 37); Applies to annual periods beginning on or after January 1, 2022 for existing contracts on the date the changes are first applied. The change specifically states which costs to consider when calculating the cost of fulfilling a contract. b) Amendment to IAS 16 Fixed Assets The classification of any gains generated before fixed assets is in accordance with the planned use conditions. Clarifies that the items produced before the fixed assets are in the planned conditions of use, if sold, must have their costs and revenues recognized in the income statement, not being able to compose/reduce the formation cost of the fixed assets. c) Annual improvements to the 2018-2020 IFRS Standards Changes were made to the standards: (i) IFRS 1, addressing aspects of first adoption in a subsidiary; (ii) IFRS 9, addressing the 10% test criterion for the reversal of financial liabilities; (iii) IFRS 16, addressing illustrative examples of leasing; and (iv) IAS 41, addressing fair value measurement aspects. d) Amendment to IFRS 3 Includes corrections in references regarding the Conceptual Framework of IFRS. 2.4. New standards, revisions and interpretations issued that were not yet effective as of December 31, 2022 For the following standards or amendments, management has not yet determined whether there will be significant impacts on the Company's financial statements, namely: ◾ Amendment to IAS 8 – amends the definition of accounting estimate, which is now considered as “monetary amounts in the financial statements subject to measurement uncertainty”, effective for periods beginning on or after January 1, 2023; ◾ Amendment to IAS 12 – brings an additional exception to the exemption from the initial recognition of deferred tax related to assets and liabilities resulting from a single transaction, effective for periods beginning on or after January 1, 2023; ◾ Amendment to IFRS 17 – includes clarification of aspects related to insurance contracts, effective for periods beginning on or after January 1, 2023; ◾ Amendment to IFRS 16 – deals with liability in a retro lease, effective for periods beginning on or after January 1, 2024; ◾ Amendment to IAS 1: i. Classification of liabilities as Current or Non-Current - this amendment clarifies aspects to be considered for the classification of liabilities as Current and Non-Current, effective for periods beginning on or after January 1, 2024. In January 2020, the IASB issued amendments to IAS 1, which clarify the criteria used to determine whether the liability is classified as current or non-current. These amendments clarify that the current classification is based on whether an entity has the right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period. The amendments also clarify that the "agreement" includes the transfer of cash, goods, services or equity instruments, unless the obligation to transfer cash, goods, services or equity instruments arises from a conversion facility classified as an equity instrument separately from the liability component of a compound financial instrument. The changes were originally effective for annual reporting periods beginning January 1, 2023. However, due to the impacts of Covid-19, the effective date has been postponed for annual reporting periods beginning January 1, 2024. ii. Change in the disclosure of accounting policies, effective for periods beginning on or after January 1, 2023. In February 2021, the IASB released amendments to IAS 1, which change the disclosure requirements with regard to accounting policies by replacing the term "significant accounting policies" with "material information about accounting policies". The amendments provide guidance on when it is likely that information about accounting policy should be considered material. The amendments to IAS 1 are effective for annual reporting periods beginning on or after 1 January 2023, with earlier application permitted. The Company is currently evaluating the impact of these new standards and accounting changes. The Company will assess the impact of the final amendments to IAS 1 on the classification of its liabilities once they are issued by the IASB. The Company does not believe that the amendments to IAS 1, in its current form, will have a significant impact on the classification of its liabilities, since the conversion feature in its convertible debt instruments is classified as an equity instrument and, therefore, not affects the classification of its convertible debt as a non-current liability. Other pronouncements and interpretations There are no other standards, amendments to standards and interpretation that are not in force and that the Company and its subsidiaries expect to have a material impact arising from their application in its Consolidated Financial Statements. |
Basis of measurement
Basis of measurement | 12 Months Ended |
Dec. 31, 2022 | |
Basis of measurement | |
Basis of measurement | 3. Basis of measurement 3.1. Currency translation (a) Functional and presentation currency Items included in Response Group’s Consolidated Financial Statements are measured using the currency of the primary economic environment in which companies operate ("the functional currency"). The Consolidated Financial Statements are presented in Reais (R$). All financial information disclosed has been rounded to the nearest value, except otherwise indicated. (b) Foreign currency Transactions with foreign currencies are converted into functional currency by using exchange rates prevailing on the transaction or valuation dates when the items are measured. Exchange gains and losses resulting from the settlement of those transactions and from the translation at year-end exchange rates referring to monetary assets and liabilities in foreign currencies, are recognized in the statement of income. Foreign exchange gains and losses related to accounts receivable, suppliers and loans are presented in the statement of income as financial revenue or expense. (c) Foreign operations The assets and liabilities of foreign operations, including goodwill and fair value adjustments arising on acquisition, are translated in euro at the exchange rates at the reporting date. The income and expenses of foreign operations are translated into euro at the exchange rates at the dates of the transactions. Foreign currency differences are recognized in OCI and accumulated in the Translation reserve, except to the extent that the translation difference is allocated to NCI. When a foreign operation in disposed of in its entirety or partially such as that the control, significant influence, or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation in reclassified to profit or loss as part of the gain or loss on disposal. If the Group disposes part of its interest in a subsidiary but retains control, then the relevant proportion of the cumulative amount is reattributed to NCI. When the Group disposes only part of an associate or joint venture while retaining significant influence or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss. 3.2. Use of accounting estimates and judgment The preparation of the Consolidated Financial Statements in accordance with IFRS issued by IASB requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenues, and expenses. Actual results may differ from these estimates. The settlement of transactions involving these estimates may result in significantly different amounts due to the lack of precision inherent to the process of their determination. Estimates and assumptions are reviewed in a continuous manner. Revisions to accounting estimates are recognized in the year in which the estimates are revised and in any future periods affected. The information on critical judgments that refer to accounting policies adopted that have effects on amounts recognized in the Consolidated Financial Statements is presented in the following notes: Impairment of non-financial assets As stated in note 3.6, impairment testing involves calculating the value in use or the fair value less cost of disposal, when applicable, of the cash generating units to which the goodwill or other non-financial assets have been assigned. The value in use is determined by estimating five years of future cash flows, a perpetual value and using a discount rate that comprises three components: time value in money, the appropriate risk premium and uncertainty about the future cash flows. Hence, it relies on several critical judgements, estimates and assumptions. For more information on estimates and assumptions used in impairment testing, refer to note 8. Revenue recognition The Group applies certain judgment in assessing the terms of revenue from contracts with customers to determine whether the contract involves the delivery of service (revenue recognized over time). The Group evaluates each contract individually, its critical terms and business relationship with its customer and any associated third party. Lease term The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The Group has the option, under some of its leases, to lease the assets for additional terms. The Group applies judgment in evaluating whether it is reasonably certain to exercise the option to renew, it considers all relevant factors that create an economic incentive for it to exercise the renewal such as contractual terms and conditions for the optional periods compared with market rates and the length of a non-cancellable period of a lease. After the commencement date, the Group reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise (or not to exercise) the option to renew (e.g., a change in business strategy). Residual value and estimated useful life of property, plant and equipment and intangible asset (finite useful lives) As stated in note 3.5 and 3.7, Intangible and property, plant and equipment assets are amortized over their useful lives. The useful life is based on management’s estimates for the period in which the assets will contribute to generate revenue and is periodically reviewed. Changes in estimates may result in significant changes in the book value. Revisions to these estimates are recognized prospectively. Business Combination Accounting We recognize, separately from goodwill, the identifiable assets acquired, and liabilities assumed at their estimated acquisition date fair values. We measure and recognize goodwill as of the acquisition date as the excess of: (a) the aggregate of the fair value of consideration transferred, the fair value of any non-controlling interest in the acquiree (if applicable) and the acquisition date fair value of our previously held equity interest in the acquiree (if applicable), over (b) the fair value of net assets acquired, and liabilities assumed. At the acquisition date, we measure the fair values of all assets acquired and liabilities assumed that arise from contractual contingencies. We measure the fair values of all non-contractual contingencies if, as of the acquisition date, it is more likely than not that the contingency will give rise to an asset or liability. Income taxes The calculation of current and deferred income taxes requires us to make estimates and assumptions and to exercise judgement regarding the carrying values of assets and liabilities which are subject to accounting estimates inherent in those balances, the interpretation of income tax legislation across various jurisdictions, expectations about future operating results, the timing of reversal of temporary differences and possible audits of income tax filings by the tax authorities. Changes or differences in underlying estimates or assumptions may result in changes to the current or deferred income tax balances on the consolidated statements of financial position, a charge or credit to income tax expense in the Consolidated statements of operations and comprehensive income (loss) and may result in cash payments or receipts. All income tax filings are subject to audits and reassessments. Changes in interpretations or judgements may result in a change in our income tax provisions in the future. The amount of such a change cannot be reasonably estimated. 3.3. Cash and cash equivalents Cash and cash equivalents include cash, bank deposits, highly liquid short-term investments, redeemable in up to three months or less, with an insignificant risk of change in fair value and for the purpose of meeting short-term commitments. 3.4. Financial instruments 3.4.1. Financial assets Recognition and measurement Purchases and sales of financial assets are recognized on trading date, Investments are initially recognized at fair value plus transaction cost for all financial assets not classified at fair value recognized in income (loss). Financial assets at fair value recognized in the income (loss) are initially recognized at fair value, and transaction costs are charged to Consolidated statements of income in the period they occur. The fair value of publicly quoted investments is based on the current purchase price. If the market of a financial asset is not active, the Response Group establishes the fair value using valuation techniques. These techniques include the use of recent transactions contracted from third parties, reference to other instruments that are substantially similar, analysis of discounted cash flows and option pricing models, privileging market information and minimizing the use of information generated by Management. Classification In the initial recognition, a financial asset is classified as measured at: (i) amortized cost; (ii) fair value through other comprehensive income (“FVTOCI”); or (iii) fair value through profit or loss (“FVTPL”). A financial asset is measured at amortized cost if it meets both conditions below: (i) the asset is held within a business model whose purpose is to collect contractual cash flows; and (ii) the contractual terms of financial assets give rise, on specific dates, to cash flows that are only payments of principal and interest on the outstanding principal value. A financial asset is measured in FVOCI only if it meets both conditions below: (i) the asset is maintained within a business model whose purpose is achieved by both the collection of contractual cash flows and the sale of financial assets; and (ii) the contractual terms of financial assets give rise, on specific dates, to cash flows that refer to payments of principal and interest on the outstanding principal value. All other financial assets are classified as measured at fair value through profit or loss. In addition, upon initial recognition, the Response Group may, irrevocably, designate a financial asset that satisfies the requirements to be measured at amortized cost, FVTOCI or even FVTPL. This designation is intended to eliminate or significantly reduce a possible accounting mismatch stemming from the result produced by the respective asset. Financial assets — Business model assessment The Response Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed, and information is provided to management. The information considered includes: ● the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realizing cash flows through the sale of the assets; ● how the performance of the portfolio is evaluated and reported to the Response Group’s management; ● the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed; ● how managers of the business are compensated — e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected; and ● the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations about future sales activity. Transfers of financial assets to third parties in transactions that do not qualify for derecognition are not considered sales for this purpose, consistent with the Response Group’s continuing recognition of the assets. Financial assets that are held for trading or are managed and whose performance is evaluated on a fair value basis are measured at FVTPL. Financial assets — Assessment whether contractual cash flows are solely payments of principal and interest For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition, ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g., liquidity risk and administrative costs), as well as a profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Response Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition, in making this assessment, the Response Group considers: ● contingent events that would change the amount or timing of cash flows. ● terms that may adjust the contractual coupon rate, including variable-rate features; ● prepayment and extension feature; and ● terms that limit the Response Group’s claim to cash flows from specified assets (e.g., non-recourse features). A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding, which may include reasonable compensation for early termination of the contract. Additionally, for a financial asset acquired at a discount or premium to its contractual per amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition. Financial assets — Subsequent measurement and gains and losses Financial assets at FVTPL These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss. Financial assets at amortized cost These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss. Debt investments at FVOCI These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognised in profit or loss. Other net gains and losses are recognised in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. Equity investments at FVOCI These assets are subsequently measured at fair value. Dividends are recognised as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognised in OCI and are never reclassified to profit or loss. Trade accounts receivable Trade accounts receivable correspond to the amount’s receivable from clients for the rendering of service carried out in the normal course of Group’s activities. If the payment term is equivalent to one year or less (or any other term that is in conformity with Group’s normal cycle), accounts receivable are classified as current assets. Otherwise, they are presented in non-current assets. Trade accounts receivable are initially recognized at fair value and, subsequently, measured at amortized cost less expected credit losses on accounts receivable, in practice, they are usually recognized at the billed amount, adjusted by expected credit loss, if necessary. Recognition and derecognition The financial instrument is recognized in the Consolidated Financial Statements when the entity becomes a party to the financial instrument contract. An entity removes a financial liability from its statement of financial position when its obligation is extinguished. An entity removes a financial asset from its statement of financial position when its contractual rights to the asset’s cash flows expire; when it has transferred the asset and substantially all the risks and rewards of ownership; or when it has transferred the asset and has retained some substantial risks and rewards of ownership, but the other party may sell the asset. The risks and rewards retained are recognized as assets. Impairment of financial assets Expected credit losses The expected credit loss on doubtful accounts is established when there is objective evidence that the Group will not be able to collect all amounts according to the accounts receivable original terms. It is formed in an amount considered adequate by Management to cover probable losses arising on collection of accounts receivable, based on analysis of each client’s default risk considering a reasonable and supportable information available at the time that demonstrates that the credit risk has not increased significantly since initial recognition, the customer’s financial situation committed in the market, history of negotiations carried out, signed agreements not being fulfilled, mainly taking into consideration risk scenarios in which it has observable behavior in the market, and with special attention to long-standing overdue credits. a) Recognition The Response Group recognizes loss allowances for ECLs on: ● Trade and other receivables; ● financial assets measured at amortized cost; ● debt investments measured at FVOCI; and ● contract assets. The Response Group also recognizes loss allowances for ECLs on lease receivables, which are disclosed as part of trade and other receivables. The Response Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured at 12-month ECLs: ● debt securities that are determined to have low credit risk at the reporting date; and ● other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. Loss allowances for trade receivables (including lease receivables) and contract assets are always measured at an amount equal to lifetime ECLs. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Response Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Response Group’s historical experience and informed credit assessment, that includes forward-looking information. The Response Group assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due. The Response Group considers a financial asset to be in default when: ● the debtor is unlikely to pay its credit obligations to the Response Group in full, without recourse by the Response Group to actions such as realizing security (if any is held); or ● the financial asset is more than 90 days past due. The Response Group considers a debt security to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months). The maximum period considered when estimating ECLs is the maximum contractual period over which the Response Group is exposed to credit risk. b) Measurement ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Response Group expects to receive). ECLs are discounted at the effective interest rate of the financial asset. c) Credit-impaired financial assets At each reporting date, the Response Group assesses whether financial assets carried at amortized cost and debt securities at FVOCI are credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observable data: ● significant financial difficulty of the debtor; ● a breach of contract such as a default or being more than 90 days past due; ● the restructuring of a loan or advance by the Response Group on terms that the Response Group would not consider otherwise; ● it is probable that the debtor will enter bankruptcy or other financial reorganization; or ● the disappearance of an active market for a security because of financial difficulties. d) Presentation of allowance for ECL in the statement of financial position Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. For debt securities at FVOCI, the loss allowance is charged to profit or loss and is recognized in OCI. e) Write-off The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. For individual customers, the Group has a policy of writing off the gross carrying amount when the financial asset is 180 days past due based on historical experience of recoveries of similar assets. For corporate customers, the Group individually makes an assessment with respect to the timing and amount of write-off based on whether there is a reasonable expectation of recovery. The Group expects no significant recovery from the amount written off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with the Group’s procedures for recovery of amounts due. Derecognition of financial assets A financial asset (or, when appropriate, part of a financial asset or part of a group of similar financial assets) is written off when: (i) the rights to receive cash flows from the asset have expired; and (ii) the Group transferred its rights to receive cash flows of the asset or has assumed an obligation to fully pay cash flows received, without significant delay, to a third party under terms of an “on lending” agreement; and (a) the Group has substantially transferred all risks and benefits related to the asset; or (b) the Group has not transferred and has not substantially retained all risks and benefits related to the asset, but has transferred control over that asset. When the Group transfers its rights to receive cash flows from an asset or enters into a transfer agreement and does not transfer or substantially retain all risks and benefits related to the asset, an asset is recognized to the extent of the Group’s ongoing involvement with this asset. 3.4.2. Financial liabilities Initial recognition, classification, and measurement A financial asset or financial liability is measured initially at fair value. Subsequent measurement depends on the category of financial instrument. Some categories are measured at amortized cost, and some at FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in profit or loss. Other financial liabilities are subsequently measured at amortized cost using the effective interest method, Interest expense and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss. Interest rate benchmark reform When the basis for determining the contractual cash flows of a financial asset or financial liability measured at amortized cost changed as a result of interest rate benchmark reform, the Group updated the effective interest rate of the financial asset or financial liability to reflect the change that is required by the reform. A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if the following conditions are met: ● the change is necessary as a direct consequence of the reform; and ● the new basis for determining the contractual cash flows is economically equivalent to the previous basis — i.e., the basis immediately before the change. When changes were made to a financial asset or financial liability in addition to changes to the basis for determining the contractual cash flows required by interest rate benchmark reform, the Group first updated the effective interest rate of the financial asset or financial liability to reflect the change that is required by interest rate benchmark reform. After that, the Group applied the policies on accounting for modifications to the additional changes. Borrowing costs Cost of loans attributed to the acquisition, construction or production of an asset that necessarily demands a substantial period of time to become ready for intended use or sale is capitalized as part of this asset’s cost. Loan costs are comprised by interest and other costs that the Group incurs in connection with fundraising. Derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged, canceled, or expired. When an existing financial liability is replaced by another of the same lender with substantially different terms, or the terms of an existing liability are significantly changed, this substitution or alteration is treated as a write-off of the original liability and recognition of a new liability, whereas the difference in the corresponding book value is recognized in the statement of income. Loans and financing Borrowings and financing are initially recognized at fair value, net of costs incurred in the transaction and are subsequently stated at amortized cost. Any difference between the amounts raised (net of transaction costs) and the settlement amount is recognized in the income statement during the period while the loans are outstanding, under the effective interest rate method. Loans and financing are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the balance sheet date. 3.5. Intangible assets and Goodwill (i) Software Costs associated with maintaining software programs are recognized as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognized as intangible assets where the following criteria are met: ● it is technically feasible to complete the software so that it will be available for use; ● management intends to complete the software and use or license it there is an ability to use or sell the software; ● it can be demonstrated how the software will generate probable future economic benefits; ● adequate technical, financial, and other resources to complete the development and to use or sell the software are available; and ● the expenditure attributable to the software during its development can be reliably measured. Directly attributable costs that are capitalized as part of the software include employee´s costs and an appropriate portion of relevant overheads. Capitalized development costs are recorded as intangible assets and amortized from the point at which the asset is ready for use. (ii) Goodwill Goodwill is measured as described in note 9, Goodwill on acquisitions of subsidiaries is included in intangible assets, Goodwill is not amortized but it is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired and is carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash-generating units or groups of cash-generating units that are expected to benefit from the business combination in which the goodwill arose. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes. (iii) Research and development Expenditure on research activities is recognized in profit or loss as incurred. Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in profit or loss as incurred. Subsequent to the initial recognition, development expenditure is measured at cost less accumulated amortization and any accumulated impairment losses. (iv) Other Intangibles Other intangible assets, including client’s portfolio, patents and trademarks, that are acquired by the Group and have finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses. (v) Amortization Amortization is recognized in the Consolidated statement of income based on the straight-line method in relation to the estimated useful lives, since this method is the closest that reflects the consumption pattern of future economic benefits incorporated into the asset. The estimated useful lives of intangible assets are as measured as described in note 9 (b). The assets’ net book values and useful lives are reviewed at each reporting date, and adjusted prospectively, where applicable. During 2022, the Group reviewed the estimated useful lives of these assets, and no significant change was identified. Other intangible assets, including customer relationships, work force, that are acquired by the Group and have finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses. 3.6. Impairment of non-financial assets An impairment loss is recognized in the Consolidated statements of income for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows that are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Goodwill and intangible assets (trademarks and patents) that have an indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other non-financial assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period. Therefore, impairment losses recognized for goodwill cannot be reversed in a subsequent period. 3.7. Property, plant, and equipment Property, plant, and equipment (PPE) are stated at historical cost less accumulated depreciation and accumulates impairment losses (if applicable) according to explanatory note number 8. Historical cost includes expenses directly attributable to the acquisition of items. Historical cost also includes financing costs related to the acquisition of qualifying assets. Subsequently incurred costs are added to the asset’s book value or are recognized as a separate asset, as appl |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents | |
Cash and cash equivalents | 4. Cash and cash equivalents Consolidated December 31, December 31, 2022 2021 Cash and banks 207,449 57,457 Interest earning bank deposits 64,158 61,461 271,607 118,918 Financial investments are mainly represented by Bank Deposit Certificates and Capitalization Bonds from first-rate financial institutions, with low credit risk, whose profitability is linked to the variation of the Interbank Deposit Certificate (CDI) and offers immediate liquidity and maturity in up to 90 days, indexed to 100% of the CDI for the year ended December 31, 2022 and the year ended December 31, 2021. |
Trade and other receivables
Trade and other receivables | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other receivables | |
Trade and other receivables | 5. Trade and other receivables December 31, December 31, 2022 2021 Trade notes receivable - domestic operations 78,801 53,711 Trade notes receivable - foreign operations 536,564 153,549 615,365 207,260 Provision for trade notes receivable - domestic operations 74,533 28,588 Provision for trade notes receivable - foreign operations 17,495 — 92,028 28,588 707,393 235,848 Allowance for expected losses - doubtful accounts (4,413) (1,560) 702,980 234,288 The expected credit losses are established by considering supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information, based on the Response Group’s historical experience and informed credit assessment, that includes forward-looking information. It is formed an amount considered adequate by Management to cover probable losses arising on collection of accounts receivable, based on analysis of each client’s default risk considering a reasonable and supportable information available at the time that demonstrates that the credit risk has not increased significantly since initial recognition, the customer’s financial situation committed in the market, history of negotiations carried out, signed agreements not being fulfilled, mainly taking into consideration risk scenarios in which it has observable behavior in the market, and with special attention to long-standing overdue credits. The Group allocates each exposure to a credit risk grade based on the determined data to be predictive of the risk of loss (including but not limited to external ratings, audited Financial Statements, management accounts and cash flow projections and available press information about customers) and applying experienced credit judgement. Credit risk grades are defined using qualitative factors that are indicative of the risk of default and are aligned to external credit rating definitions from agencies. Concerning the securities that are overdue for more than 181 days, the collection processes and procedures, and agreements, even in installment payments, are in progress, and the probability of success is relatively high. The Group assumes that there was no significant decrease in ECL between December 2021 and December 2022, despite the relevant increase in accounts receivable. This situation is mainly due to the customer portfolio of new acquisitions without significant historical losses observed. |
Tax assets
Tax assets | 12 Months Ended |
Dec. 31, 2022 | |
Tax assets | |
Tax assets | 6. Tax assets 6.1. Current income tax and social contribution recoverable Consolidated December 31, December 31, 2022 2021 Prepaid Income tax and social contribution (IR/CS) 9,242 4,895 9,242 4,895 Current 6,388 4,895 Non-current 2,854 — 9,242 4,895 6.2. Other taxes recoverable Consolidated December 31, December 31, 2022 2021 Recoverable INSS (Social security tax) withheld 3,552 2,545 Recoverable PIS (Tax on sales) 230 65 Recoverable COFINS (Tax on sales) 1,062 299 Recoverable ICMS (State VAT) 214 95 IRRF (Withholding income tax) to offset 23,958 9,691 Other taxes recoverable 1,116 613 30,132 13,308 Current 29,740 13,308 Non-current 392 — 30,132 13,308 |
Investments
Investments | 12 Months Ended |
Dec. 31, 2022 | |
Investments | |
Investments | 7. Investments December 31, 2022 Joint venture) 7,620 7,620 (a) The jointly controlled partnership (joint venture), “O'Brien's do Brasil”, had, on December 31, 2022, a balance of cash and cash equivalents in the amount of R$7,850. December 31, 2022 Current assets 28,036 Non-Current Assets 461 Total Assets 28,497 Current Liabilities 9,327 Non-Current Liabilities 3,931 Total Liabilities and Shareholders' Equity 13,258 Total identifiable net assets 15,239 50% share 7,620 December 31, 2022 Net operating revenue 20,181 Cost of services provided (1,689) Gross profit 18,492 General, administrative and sales (8,931) Operating profit before financial result 9,561 Financial result 195 Financial income 195 Current taxes (2,498) Net profit 7,258 50% share 3,628 7.1. Business combinations The Group made the following acquisitions from January 1, 2021 to December 31, 2022: Base date Target Company Interest acquired (%) Jan 2021 JM Serviços Integrados Ltda 70 Jan 2021 Lacerda e Lacerda Serv TR Emerg Amb Ltda 70 Jan 2021 MDTEC Engenharia e Serviços Ltda 100 Feb 2021 Enviroclear Site Services Limited 100 Feb 2021 Orion Environmental Services Ltda 100 Jun 2021 EMS Environmental, Inc 100 July 2021 ControlPar Participações S.A. 70 July 2021 Swat Consulting Inc. 100 July 2021 Professional Emergency Resource Services 100 July 2021 SABI Tech S.A.S - Suatrans Chile 100 Aug 2021 Fênix Emergências Ambientais Ltda 100 Aug 2021 APW Ambiental e Transporte Ltda. 100 Sep 2021 Emerge Hydrovac Inc, 100 Sep 2021 Lynx Creek Industrial & Hydrovac Ltd, 100 Sep 2021 Lehane Environmental & Industrial Services Ltd 100 Jan 2022 Dracares Apoio Marítimo e Portuário Ltda. 51 Jan 2022 Flyone Serviço Aéreo Especializado, Comércio e Serviço Ltda 51 Jan 2022 RG Consultoria Técnica Ambiental S.A. 51 Feb 2022 First Response Inc 100 Jun 2022 Bioenv Análises e Monitoramento Ambiental Ltda 51 Jun 2022 Ambipar Response Analytical S/A. 51 July 2022 Ambipar Response Fauna e Flora Ltda. 100 July 2022 Graham Utility Hydrovac Services 100 July 2022 Ambipar Response Tank Cleaning S/A 51 Aug 2022 Ridgeline Canada Inc. 100 Nov 2022 Witt O´Briens LLC 100 7.1.1. JM Serviços In January 2021, the Company acquired 70% of the capital of JM Serviços Integrados Ltda (“JM Serviços”). Founded in 2002, JM Serviços specializes in emergencies in the railway modal and serves the southern region of the country. 7.1.2. Lacerda & Lacerda In January 2021, the Company acquired 70% of the capital of Lacerda & Lacerda Serviços de Transporte e Emergencies Ambientais Ltda (“Lacerda & Lacerda”). Founded in 1999, Lacerda & Lacerda is specialized in emergency care services, emergency care for chemical products, provision of technical and advisory services in road transport of cargo, provision of cargo removal services with the supply of materials and construction and provision of training and instruction on accident prevention aimed at safety in its various modalities, road transport of dangerous products and waste management in the state of Minas Gerais. 7.1.3. MDTec Engenharia In January 2021, the Company acquired 100% of the capital of MDTec Engenharia e Serviços Ltda (“MDTec Engenharia”). Founded in 2017, MDTec Engenharia specializes in emergency response services for road ducts. 7.1.4. Enviroclear On February 4, 2021, Ambipar Holdings (UK) Limited, entered into a Sale and Purchase Agreement to acquire 100% of the issued and outstanding share capital of Enviroclear Site Services Limited (“Enviroclear”). Enviroclear was founded in 2000 and its main line of business activity is the total waste management service of all waste streams, including both liquids and solid hazardous and nonhazardous waste streams. The acquisition consolidates the group’s strategy of forming a service network that manages synergy in the provision of services in an integral way in the units that make up an international expansion of Ambipar Group. 7.1.5. Orion (Canada) On January 1, 2021, Ambipar Holding Canada Inc. entered into a Sale and Purchase Agreement with the shareholders of Orion Environmental Services Ltd (“Orion”) to acquire 100% of the issued and outstanding share capital. Orion is a leading supplier of environmental solutions to Western Canada for the past 25 years, providing a wide range of solutions including: Hydro-Vac Units, Track Unit Hydro Vac, Fluid Transportation, Combo Units & Straight Vacs, Semi Vacs and Steam/Pressure Washer Units. 7.1.6. EMS Environmental On June 25, 2021, Ambipar Holdings USA Inc. entered into a Sale and Purchase Agreement with the shareholders of Environmental Management Services Inc. (“EMS”) to acquire 100% of the issued and outstanding share capital. EMS, founded in 1979 is an environmental service company specializing in comprehensive wastewater and drinking water utility management. 7.1.7. Controlpar On February 2, 2021, Emergência Participações S.A. entered into a Sale and Purchase Agreement with the shareholders of ControlPar Participações S.A. (“ControlPar”) to acquire 70% of the issued and outstanding share capital. Additionally, on February 2, 2021, Emergência Participações S.A. and the shareholders of ControlPar, enter into a Shareholder agreement, in which among others matters, states that the non-controlling shareholders of ControlPar have a put option from January, 2027 to sell their total shares (30%) to Emergência Participações S.A. and Emergência Participações S.A. has a call option from January, 2025 to buy the total shares from the shareholders. Such Shareholder agreement was one and the final precedent conditions to the closing date of the business combination. ControlPar was founded in 2008 and is a holding company that controlls 6 companies operating with environmental services, focussed on accident prevention, risk assessment and mitigation for environmental damage, such as: Environmental Licensing, Deployment of Environmental Programs, Geotechnology, Aerial Surveys, Oceanography, Hydrography, Computational Modeling, Management Systems (Environmental and Land), Industrial Environment. 7.1.8. SWAT On July 6, 2021, Ambipar Holdings USA Inc entered into a Sale and Purchase Agreement with the shareholders of SWAT Consulting Inc (“SWAT”) to acquire 100% of the issued and outstanding share capital. SWAT was founded in 2002 initially as an emergency spill response company, has grown into a multi-disciplinary team of environmental professionals providing innovative environmental services for the energy sector, construction, and transportation industries. SWAT specializes in emergency spill response and emergency management, focusing on containment and recovery and management of the full scope of associated assessment, remediation, reclamation, terrestrial and aquatic ecology assessment and management, wildlife handling and management, and wetland assessment scopes. 7.1.9. PERS On July 30, 2021, Ambipar Holdings USA Inc. entered into a Sale and Purchase Agreement with the shareholders of Arrowdale I, LLC. (“PERS”) to acquire 100% of the issued and outstanding share capital. PERS was founded in 1989 and is a limited liability company primarily engaged in providing U.S. DOT regulatory compliance services, including providing shipping papers and safety data sheets, hazardous materials training programs and materials, third party administrator services for drug and alcohol testing programs, and after-hours call center for propane service companies, and an after-hour call center for emergency response and incident mitigation information to first responders and government agencies. 7.1.10. SABI On July 4, 2021, Suatrans Chile S.A. entered into a Sale and Purchase Agreement with the shareholders of SABI Tech S.A.S (“SABI”) to acquire 100% of the issued and outstanding share capital. SABI has been operating for 17 years in services provision focused on responding to environmental emergencies in the road modal. It has 14 operational bases in Colombia, strategically located on the main routes and in points with a history of accidents. 7.1.11. Fenix Emergências In August 2021, the Company acquired 100% of the capital of Fênix Emergências Ambientais Ltda (“Fênix”). Founded in 2014, Fênix is specialized in emergency care services, emergency care for chemical products, provision of technical services and advice on road freight transport, provision of cargo removal services with the supply of materials and labor and providing training and instruction on accident prevention aimed at safety in its various modalities, road transport of dangerous products and waste management in the state of Rio de Janeiro. 7.1.12. APW Ambiental In August 2021, the Company acquired 100% of the capital of APW Ambiental e Transporte Ltda. (“APW Environmental”). Founded in 2000, APW specializes in emergency response services, emergency service for chemicals, provision of cargo removal services with the supply of materials and labor, and road transport of hazardous products and waste management in the state. from Rio de Janeiro. 7.1.13. Emerge On September 1, 2021, Ambipar Holding Canada Inc. entered into a Sale and Purchase Agreement with the shareholders of Emerge Hydrovac Inc. (“Emerge”) to acquire 100% of the issued and outstanding share capital. Emerge operates in environmental emergencies and industrial services, focusing on road and industrial modalities. It has 3 operational bases in the states of British Columbia and Alberta, in Canada, offering a wide array of hydrovac services. 7.1.14. Lynx On September 1, 2021, Ambipar Holding Canada Inc. entered into a Sale and Purchase Agreement with the shareholders of Lynx Creek Industrial & Hydrovac Ltd. (“Lynx”) to acquire 100% of the issued and outstanding share capital. With 11 years of know-how, Lynx operates in environmental emergencies and industrial services, with a focus on modal, road and industrial. It has an operational base in the state of British Columbia in Canada and has earned 4.5 million Canadian dollars in the last 12 months. 7.1.15. Lehane On September 17, 2021, Ambipar Holding Ireland Limited. entered into a Sale and Purchase Agreement with the shareholders of Drain Patrol Environmental & Industrial Services Limited. (“Lehane”) to acquire 100% of the issued and outstanding share capital. Lehane was founded in 1976 and brings a valuable asset to environmental projects or maintenance activities, by providing multiple services, from Hazardous Waste Disposal, Tank Cleaning to Emergency Response to spills, it eliminates the extra expense associated by using multiple vendors. 7.1.16. Dracares On March 16, 2022, the Company entered into a purchase and sale agreement to acquire the launched and outstanding 51% of Dracares Apoio Marítimo e Portuário Ltda (“Dracares”). Founded in 2004, Dracares specializes in offshore and onshore oil spill emergency assistance, operating separately to combat oil spills, scouts for seismic vessels, vessels for environmental data collection and bathymetry. It stands out in the fight against current communication, having 8 operational bases and 13 vessels, being a reference in its segment. 7.1.17. Flyone On March 18, 2022, the Company entered into a purchase and sale agreement to acquire 51% of the issued and outstanding share capital of Flyone Serviço Aéreo Especializado, Comércio e Serviços Ltda (“Flyone”). Founded in 2000, Flyone specializes in air services for emergency response to forest fires, operating its own small, medium and large helicopters, ground support vehicles and special equipment. It owns 12 operational bases and 19 of its own aircraft. 7.1.18. RG Consultoria In March 2022, the Company acquired 51% of the capital of RG Consultoria Técnica Ambiental S.A. (“RG Consulting”). Founded in 2011, RG Consultoria specializes in emergencies in the modal railway and serves the southern region of Mato Grosso. 7.1.19. First Response On February 2, 2022, Ambipar Holding Canada Inc, entered into a Sale and Purchase Agreement to acquire 100% of the issued and outstanding share capital of First Response Inc (“First”). Founded in 2007, First Response is a specialist in environmental emergency services with a focus on fire, training, simulations and outsourcing of firefighters and firefighting equipment, being a reference in its segment, has 8 operational bases in Canada, in the states of British Columbia and Alberta. 7.1.20. Ambipar Response Analytical S/A. On June 29, 2022, the subsidiary Ambipar Response E.S. announced the acquisition of 51% of the capital stock of Ambipar Response Analytical S/A. Founded in 2008, of Ambipar Response Analytical S/A specializes in environmental analysis and develops several monitoring projects in Brazil, including for companies multinationals. Located in the city of Aracruz/ES, it has a base with equipped analytical laboratories that allow an environmental assessment with quality accredited by CGCRE ISO/IEC INMETRO 17025. 7.1.21. Ambipar Response Fauna e Flora Ltda. On July, 2022, the subsidiary Ambipar Response E.S. announced the acquisition of 100% of the capital stock of Ambipar Response Fauna e Flora Ltda. Founded in 1993, the company has among its objectives the Research and development of sciences physical, natural, social and human. It is located in the city of Vitória/ES. 7.1.22. Graham Utility Hydrovac Services On July, 2022, Ambipar Holding Canada Inc, entered into a Sale and Purchase Agreement to acquire 100% of the issued and outstanding share capital of Graham Utility Hydrovac Services (“Graham”). Graham specializes in industrial services and emergency services for the highway segment. It is located in Belleville and has a base strategically located 12 kilometers from a navigation channel for the Ontario River, Canada. 7.1.23. Ambipar Response Tank Cleaning S/A In July 2022, the Company acquired 51% of the capital of Ambipar Response Tank Cleaning S/A (“C-Tank”). C-Tank specializes in emergencies in the modal railway and serves the southern region of Mato Grosso. C-tank has among its activities the provision of cleaning and maintenance services industrial in general, storage and maintenance of ship cargo tanks. It is located in the city of Niterói, Rio de Janeiro. 7.1.24. Ridgeline Canada Inc. In August 2022, Ambipar Holding Canada Inc, entered into a Sale and Purchase Agreement to acquire 100% of the issued and outstanding share capital of Ridgeline Canada Inc. (“Ridgeline”). Ridgeline works with a variety of Site Environmental Assessments and Remediation Strategies that assist in Site Recovery on impacted lands. 7.1.25. Witt O´Briens LLC On November 2022 the Company entered into a Sale and Purchase Agreement with the shareholders of Witt O’Briens LLC. (“WOB”) to acquire 100% of the issued and outstanding share capital. WOB is a global industry leader in crisis and emergency management for blue-chip corporate customers and provides advice on developing emergency and resilience programs for the US government sector. Its origin comes from O'Brien Response Management, founded in 1983, which stood out in responding to historic emergencies such as Exxon Valdez, Deepwater Horizon and Hurricanes Katrina and Sandy. December 31, 2022: First Response Dracares Flyone RG Analitycal CTA Graham C-Tank Ridgeline Witt O’Briens (d) Total Assets and liabilities acquired at fair value (a) Current assets Cash and cash equivalentes — 985 3,125 2,843 889 387 2,172 8,866 — 11,139 30,406 Trade and other receivables 13,223 4,249 2,109 907 824 279 2,048 7,262 51,455 480,964 563,320 Inventories 628 2,012 — — — — — 722 313 — 3,675 Related parties loans — — — — — — — — — — — Other Assets 382 10,079 16,854 243 42 42 — 5,539 25,305 3,531 62,017 Non-Current assets Deferred taxes — — — — — — — — — — — Other Assets — 3,642 4,190 — 1,000 1,753 3,709 25 361 840 15,520 Permanent Investments — — — — — — — — — 6,583 6,583 Property, Plant and Equipment 4,275 20,366 36,657 689 149 3,534 414 6,313 3,534 18,844 94,775 Intangible assets — — 4 — — — — 47 15,322 183,620 198,993 Separately Identified Intangibles — — 6,385 — — — 6,514 — 23,822 356,083 392,804 Intangibles - workforce — — — — — — — — — 24,001 24,001 Added Value of Fixed Assets — — 16,865 1,351 — — 116 — — — 18,332 Current liabilities Trade and other payables (1,257) (1,243) (6,306) (14) (19) (476) (19) (1,210) (29,202) (78,199) (117,945) Loans and Financing — (1,787) (6,716) (224) (81) — (74) (397) — — (9,279) Employee benefits — (862) (123) (79) (81) (270) 413 (1,604) (127) (63,183) (65,916) Current income tax payable (216) (1,429) (7,073) (60) (169) (592) (392) (2,264) — (1,379) (13,574) Related parties loans — — — — — — — — — — — Other liabilities (1,502) (10,351) (1,466) (2,071) (144) (355) (4,818) (4) (1,711) (9,013) (31,435) Non-current liabilities — — Loans and Financing — (2,439) (7,724) — — (78) (330) (836) (11,353) — (22,760) Other liabilities — (61) (3,841) — — (29) 227 (351) (2,247) (7,167) (13,469) (-)Deferred taxes on Added Value — — (7,905) (459) — — (2,254) — (8,099) (129,229) (147,946) Attributable to the non-controlling Shareholders of the Group — (3,999) — — — — — — — — (3,999) Total identifiable net assets at fair value 15,533 19,162 45,035 3,126 2,410 4,195 7,726 22,108 67,373 797,435 984,103 Attributable to the Controlling Shareholders of the Group 15,533 9,773 22,968 1,594 1,229 4,195 7,726 11,275 67,373 797,435 939,101 Attributable to the non-controlling Shareholders of the Group — 9,389 22,067 1,532 1,181 — — 10,833 — — 45,002 Total amount of the consideration transferred 69,223 86,684 50,000 19,905 2,606 24,566 29,668 35,329 134,323 998,450 1,450,755 (-) Cash acquired — (985) (3,125) (2,843) (889) (387) (2,172) (8,866) — (11,139) (30,406) (-) Assumed amount of the obligation to pay (40,907) — (25,000) (10,000) (803) (14,620) (10,387) (17,850) (52,915) (157,827) (330,309) Cash paid, net of cash received (b) (c) 28,316 85,699 21,875 7,062 914 9,559 17,109 8,613 81,408 829,484 1,090,040 Primary — 1,000 1,000 Secondary 69,223 86,684 50,000 19,905 1,606 24,566 29,668 35,329 134,323 998,450 1,449,755 Total amount of the consideration transferred 69,223 86,684 50,000 19,905 2,606 24,566 29,668 35,329 134,323 998,450 1,450,755 First Response Dracares Flyone RG Analitycal CTA Graham C-Tank Ridgeline Witt O’Briens (d) Total Determining goodwill from expected future profitability (a) Total amount of the consideration transferred, Net 69,223 86,684 50,000 19,905 2,606 24,566 29,668 35,329 134,323 998,450 1,450,755 Added Value — (3,480) — — — — — — — — (3,480) Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group (15,533) (9,773) (22,968) (1,594) (1,229) (4,195) (7,726) (11,275) (67,373) (797,435) (939,101) Goodwill paid resulting from expected future profitability 53,690 73,431 27,032 18,311 1,377 20,371 21,942 24,054 66,950 201,015 508,174 Date of acquisition 01/02/2022 16/02/2022 18/03/2022 18/03/2022 28/06/2022 06/07/2022 11/07/2022 26/07/2022 02/08/2022 24/10/2022 02/2022 01/2022 01/2022 01/2022 06/2022 07/2022 07/2022 07/2022 08/2022 10/2022 Company that acquired control Ambipar Holding Canadá Emergência Participações S.A. Emergência Participações S.A. Emergência Participações S.A. Ambipar Response Espírito Santo S.A. Ambipar Response Espírito Santo S.A. Ambipar Holding Canadá Emergência Participações S.A. Ambipar Holding Canadá Ambipar Holding USA, INC Aquisition Value CAD $ 16,625 R$ 86,684 R$ 50,000 R$ 19,905 R$ 2,606 R$ 24,366 CAD $ 7,200 R$ 35,000 CAD $ 33,000 $ 184,673 Percentage acquired 100 % 51 % 51% 51% 51% 100% 100% 51 % 100% 100 % (a) On the acquisition date, even though the Company evaluates the base date of the initial balance sheet of the acquired companies for purposes of determining the allocation of the purchase price and goodwill (discount). These acquisitions have provisional reports. The value of goodwill based on expected future profitability calculated for these acquisitions on December 31, 2022 was in the amount of R$ 508,174 , which differ from the reported Goodwill additions in Note 9 of R$ 516,088 , which consider goodwill with a functional currency in another jurisdiction, with exchange variation restated at the closing rate. (b) The acquisitions with control of the investees were carried out in early January 2022 (1Q2022) and in June 2022 (2Q2022), through a binding agreement with the transfer of control of the investees, while negotiating contractual clauses and the complete transfer of resources resulting from the defined payment installments. (c) In 2022, the Group spent BRL 1,090,040 , on company acquisitions, as mentioned in the cash flow statement, on investment activities, from business combinations. (d) The Company has joint control of O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente S.A., with a 50% voting interest, and, pursuant to contractual agreements, unanimous consent is required between all parties to the agreement for all relevant activities. The joint agreement is structured as a limited liability company and entitles the Company and the parties to the agreement to the net assets of the limited liability company. For this reason, this arrangement is classified as a joint venture. December 31, 2021: Orion EMS Enviroclear (Canadá) Environmental SABI SWAT Controlpar PERS Lynx Emerge Lehane Others (c) Total Assets and liabilities acquired at fair value (a) Current assets Cash and cash equivalentes 1,718 (2,548) 736 72 12,546 6,459 2,033 552 2,206 6,798 3,401 33,973 Trade and other receivables 22,409 11,165 3,916 4,489 1,674 8,338 471 6,230 8,746 6,252 2,055 75,745 Inventories 190 — — 503 — 236 38 — — — — 967 Related parties loans — — — — — 8,933 — — — — 246 9,179 Other assets 983 2,498 63 19 454 9,584 7 — 24 1,927 1,223 16,782 Non-Current assets Deferred taxes — 1,133 — 10 — — — — — 728 — 1,871 Other assets — — 48 1,103 4 1,143 — — — — — 2,298 Investiments — — — — — 4,055 — — — — — 4,055 Property, Plant and Equipment 32,518 39,685 1,041 2,322 3,060 5,787 199 6,024 14,077 24,137 5,933 134,783 Intangible assets 1,572 — — 3,611 — 1,195 — — — — — 6,378 Current liabilities Trade and other payables (9,269) (7,377) (624) (1,108) (586) (2,719) (5) (2,533) (3,300) (2,070) (874) (30,465) Loans and Financing (11,857) (27,550) — (2,095) — (3,396) — (77) (21) — (1,119) (46,115) Employee benefits (1,533) (524) — (856) — (3,354) (360) (143) — — (257) (7,027) Current income tax payable (3,987) (2,839) — (695) 22 (3,016) (4) (865) (94) (953) (4,102) (16,533) Related parties loans — — — — (122) — — — — (239) (361) Other liabilities (10,949) (1,107) 1 (375) (36,242) (2,145) (124) (36) — (380) (1,516) (53,473) Non-current liabilities Loans and Financing (4,699) (6,906) — (3,083) — (2,210) — (1,849) (1,860) — — (20,607) Trade and other payables (13,230) (3,492) — (945) (1,644) (216) — (1,809) (10,581) — — (31,917) Total identifiable net assets (liabilities) at fair value 3,866 1,538 5,181 2,972 (20,712) 28,552 2,255 5,494 9,197 36,439 4,751 79,533 Net amount of assets acquired and liabilities assumed at fair value: Attributable to the Controlling Shareholders of the Group 3,866 1,538 5,181 2,972 (20,712) 19,986 2,255 5,494 9,197 36,439 4,301 70,517 Attributable to the non-controlling Shareholders of the Group — — — — — 8,566 — — — — 450 9,016 Total amount of the consideration transferred 36,534 72,390 15,006 13,363 23,201 61,946 27,144 18,922 28,300 51,923 43,624 392,353 (-) Cash acquired (1,718) 2,548 (736) (72) (12,546) (6,459) (2,033) (552) (2,206) (6,798) (3,401) (33,973) (-) Assumed amount of the obligation to pay (22,059) (55,297) (11,255) — (13,598) (31,946) (13,572) (9,461) (14,150) (15,588) (28,745) (215,671) Cash paid, net of cash received (b) 12,757 19,641 3,015 13,291 (2,943) 23,541 11,539 8,909 11,944 29,537 11,478 142,709 Orion EMS Enviroclear (Canadá) Environmental SABI SWAT Controlpar PERS Lynx Emerge Lehane Others (c) Total Determining goodwill from expected future profitability (a) Total amount of the consideration transferred, Net 36,534 72,390 15,006 13,363 23,201 61,946 27,144 18,922 28,300 51,923 43,624 392,353 Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group (3,866) (1,538) (5,181) (2,972) 20,712 (19,986) (2,255) (5,494) (9,197) (36,439) (4,301) (70,517) Goodwill paid resulting from expected future profitability 32,668 70,852 9,825 10,391 43,913 41,960 24,889 13,428 19,103 15,484 39,323 321,836 Date of acquisition 04/02/2021 11/02/2021 25/06/2021 04/07/2021 06/07/2021 29/07/2021 30/07/2021 01/09/2021 08/09/2021 20/09/2021 (c) 02/2021 02/2021 06/2021 07/2021 07/2021 07/2021 07/2021 09/2021 09/2021 09/2021 (c) Company that acquired control Ambipar Holdings UK Ambipar Holding Canadá Ambipar Holding USA, Inc. Suatrans Chile S.A. Ambipar Holding USA, Inc. Emergência Participações S.A. Ambipar Holding USA, Inc. Ambipar Holding Canadá Inc. Ambipar Holding Canadá Inc. Ambipar Holdings UK Limited. Emergência Participações S.A. Aquisition Value £ 4.649 CAD 15.971 U$ 3.000 CLP 1.949.895 U$ 4.530 R$ 61.946 U$ 5.300 CAD 4.407 CAD 6.592 € 8.244 R$ 43.624 Percentage acquired 100 % 100 % 100 % 100 % 100 % 70 % 100 % 100 % 100 % 100 % Controle (a) On the acquisition date, although the Group assesses the base date of the initial balance sheet of the acquirees for the purpose of determining the allocation of the purchase price and goodwill (negative goodwill). These acquisitions have a final report. The goodwill for expected future profitability in 2021 was R$ 321,836 (R$ 178,590 in 2020 and R$ 16,658 on January 1st, 2020). (b) In 2021, the Group spent BRL 286,134 on company acquisitions, as mentioned in the cash flow statement, on investment activities, from business combinations. (c) The information under “Others” corresponds to the following acquisitions: JM Serviços (at 12/31/2021), Lacerda & Lacerda (at 12/31/2020), MDTec Engenharia (at 01/11/2021), Fenix Emergency (at 08/06/2021) and APW Ambiental (at 08/26/2021). For the ended December 31, 2022 and December 31, 2021, the acquired companies contributed with the following net revenue and profit to the Group’s results. Consolidated December 31, 2022 December 31, 2021 December 31, 2020 Net Profit for Net Profit for Net Profit for Revenue the year Revenue the year Revenue the year First Response Inc 106,978 38,159 — — — — Flyone Serviço Aéreo Especializado, Comércio e Serviço Ltda 55,900 2,750 — — — — Dracares Apoio Marítimo e Portuário Ltda. and MB Transportes Aquaviários Ltda 61,430 10,479 — — — — RG Consultoria Técnica Ambiental S.A. and RG Consultoria Técnica Ambiental Brasil Ltda 9,314 1,596 — — — — Ambipar Response Analytical S/A. 3,021 693 — — — — Ambipar Response Fauna e Flora Ltda. 25,080 (5,775) — — — — Graham Utility Hydrovac Services 4,209 211 — — — — Ambipar Response Tank Cleaning S/A 60,484 43,059 — — — — Ridgeline Canada Inc. 45,468 6,647 — — — — Witt O´Briens LLC 168,462 18,342 — — — — JM Serviços Integrados Ltda — — 5,813 (3,345) — — Lacerda e Lacerda Serv TR Emerg Amb Ltda — — 11,697 6,131 — — MDTEC Engenharia e Serviços Ltda — — 4,001 512 — — Enviroclear Site Services Limited — — 41,686 2,238 — — Orion Environmental Services Ltd. — — 39,074 22,721 — — One Stop Environmental, LLC — — — — 33,398 25,482 IntraCoastal Invironmental, LLC — — — — 25,482 8,716 540,345 116,161 102,271 28,257 58,880 34,198 If the above acquisitions had occurred on January 1st, 2022 and January 1st, 2021, management estimates that the consolidated net revenue and profit for the year would have been the following: Consolidated December 31, 2022 December 31, 2021 December 31, 2020 Net Revenue 1,386,169 160,490 87,530 Profit for the year 243,894 28,298 17,523 In determining these amounts, management has assumed that the fair value adjustments, if any, determined provisionally, that arose on the date of acquisition would have been the same if the ac |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets | |
Intangible assets | 9. Intangible assets (a) Breakdown and changes Changes in intangible assets are as follows: December 31, 2022 Trademarks and Client Non patents Software portfolio Goodwill Know-how Compete Total Cost Opening balance 2,315 9,353 2,074 585,746 — — 599,488 Transfers (3,884) (1,327) 3,724 (17,510) — — (18,997) Additions — 1,276 — 516,088 — — 517,364 Write-offs (3,847) (2,801) (182) — — — (6,830) Business combination(*) 12,238 33,141 — 154,122 — — 199,501 Fair value added value 30,405 — 340,303 24,001 10,237 2,895 407,841 Exchange-rate change (647) (1,739) (285) (70,145) — — (72,816) Closing balance 36,580 37,903 345,634 1,192,302 10,237 2,895 1,625,551 Accumulated amortization Opening balance — (3,892) (218) — — — (4,110) Transfers — 1,356 — — — — 1,356 Additions — (848) (69) — — — (917) Write-offs — 811 — — — — 811 Business combination — (509) — — — — (509) Fair value added value (1,248) — (6,618) — (1,775) (291) (9,932) Exchange-rate change 9 176 64 — — — 249 Closing balance (1,239) (2,906) (6,841) — (1,775) (291) (13,052) Cost 36,580 37,903 345,634 1,192,302 10,237 2,895 1,625,551 Accumulated amortization (1,239) (2,906) (6,841) — (1,775) (291) (13,052) 35,341 34,997 338,793 1,192,302 8,462 2,604 1,612,499 (*) On July 11, 2014, the subsidiary Witt O'Briens acquired the controlling stake in Witt O'Brien's, a global leader in preparedness, crisis management and disaster response and recovery, through the acquisition of a stake in 45.8% of its partner for $35.4 million in cash. The Company performed a fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair values, resulting in US$48.1 million of recorded goodwill. In October 2016, Witt O'Brien's announced the launch of a strategic growth program to focus on core services, eliminating non-core and lower margin businesses. Witt O'Brien's core services include providing resiliency solutions to key areas of critical infrastructure, including but not limited to government, energy, transportation, healthcare, and education, in the United States and abroad. Witt O'Brien's protects and enhances its customers' business value by strengthening their ability to prepare for, respond to and recover from natural and man-made disasters, including hurricanes, infectious diseases, terrorism, cyber breaches, oil spills, incidents browsing and other interruptions. Operations scheduled for disposal include a government relations unit, the Company's operations in Europe (mainly the UK), software products and an insurance unit. As a result of the restructuring, during the year ended December 31, 2016, Witt O'Brien's identified indicators of impairment for some of its intangible assets and goodwill, resulting in impairment charges of US$29.6 million. The estimates and assumptions used by the Company for its annual goodwill impairment test are typically developed as part of the Company's routine business planning and forecasting process. Although the Company believes that its assumptions and estimates are reasonable, the Company's actual performance in relation to its estimates may produce different results and lead to additional impairment losses in future periods. December 31, 2021 Trademarks and Client Research and patents software portfolio Goodwill Know-how development Total Cost Opening balance 1,087 2,454 351 222,319 — 221 226,432 Transfers — — — — — — — Additions 139 1,683 — 347,453 — — 349,275 Write-offs — (455) — — — (232) (687) Business combination 1,089 5,594 1,800 — — — 8,483 Exchange-rate change — 77 (77) 15,974 — 11 15,985 Closing balance 2,315 9,353 2,074 585,746 — — 599,488 Accumulated amortization Opening balance — (1,615) — — — (210) (1,825) Transfers — — — — — — — Additions — (120) — — — — (120) Write-offs — — — — — 219 219 Fair value added value — (1,877) (228) — — — (2,105) Exchange-rate change — (280) 10 — — (9) (279) Closing balance — (3,892) (218) — — — (4,110) Cost 2,315 9,353 2,074 585,746 — — 599,488 Accumulated amortization — (3,892) (218) — — — (4,110) 2,315 5,461 1,856 585,746 — — 595,378 December 31, December 31, Carrying amounts 2022 2021 Indefinite life 1,227,643 588,061 Definite life 384,856 7,317 1,612,499 595,378 (b) Rates of amortization The amortization rates are as follows: Annual Useful life amortization Assets (in years) rate (%) Trademarks and patents (*) Right-of-use of software 5 20 % Research and development 2 50 % Goodwill (*) Client portfolio 2 50 % Workforce 5 20 % Non Compete 5 20 % (*) Undefined useful life (c) Impairment Management annually reviews the net book value of assets for purposes of evaluating events or changes in economic or operating circumstances that may indicate impairment or loss of its recoverable value described in the note 8 (e). |
Loans and financing
Loans and financing | 12 Months Ended |
Dec. 31, 2022 | |
Loans and financing | |
Loans and financing | 10. Loans and financing 10.1. Breakdown December 31, 2022 December 31, 2021 Financial charges – % Non- Non- Description p,a, (*) Maturity Current current Current Current Working capital 0.68 + CDI and 6,36 March 2027 39,103 558,608 44,181 44,792 Investment financing 14.04 December 2027 25,329 83,375 14,973 46,028 Financial leases liabilities 13.95 September 2027 3,224 7,779 1,601 3,729 67,656 649,762 60,755 94,549 (*) Effective weighted average annual cost of interest on December 31, 2022. 10.2. Description (i) Working capital: National subsidiaries Working capital operations are pre-fixed at a weighted average rate of 0.68% p.a. plus 6.36% CDI, and mature from January 2023 to March 2027; Subsidiaries abroad In August 2022, Ambipar Holding USA, subsidiary of Emergência Participações S.A., entered into a loan agreement in US dollars in the amount of USD 90,000 thousand with the financing agent ITAU BBA International PLC, with interest of 6.36% p.a. with payment of the principal on September 13, 2027 and, payment of interest in 9 (nine) installments from March 2023 and September 2023 consecutively. (ii) Investment financing (FINAME): acquisition of heavy vehicles and machinery used for the operations of the subsidiaries. The contracts have a fixed rate with a weighted average of 14.04% p.a., with monthly amortization and the last installment due in December 2027; and (iii) Financial: fixed-rate contracts with a weighted average of 13.95% p.a., monthly amortization and the last installment due in September 2027. 10.3. Reconciliation of movements of liabilities to cash flows arising from financing activities Balance at January 1 st , 2022 155,304 Borrowing 446,870 Interest expense 27,329 Principal paid (63,985) Interest paid (12,126) Business Combination 32,040 Cash for asset acquisition – non-cash event 138,834 The effect of changes in foreign exchange rates (6,848) Balance at December 31, 2022 717,418 Balance at January 1 st , 2021 73,691 Borrowing 50,620 Interest expense 7,454 Principal paid (52,152) Interest paid (5,985) Business Combination 59,456 Cash for asset acquisition – non-cash event 19,818 The effect of changes in foreign exchange rates 2,402 Balance at December 31, 2021 155,304 Loan and financing agreements do not have restrictive clauses. 10.4. Payment schedule of installments of non-current liabilities December 31, December 31, Year of maturity: 2022 2021 2023 — 33,264 2024 59,026 28,137 2025 58,229 23,743 2026 44,016 9,405 2027 489,449 — 2028 6,492 — 657,212 94,549 Funding cost (non-current) (7,450) — 649,762 94,549 10.5. Guarantees Financing with FINAME funds is guaranteed by the financed assets and was raised essentially for the creation of a vehicle fleet for the subsidiaries’ operations. This financing occurs through accredited financial institutions, for the production and acquisition of new machines and equipment, nationally manufactured, accredited in the Brazilian Bank for Economic and Social Development (BNDES). Working capital loans are guaranteed by the Group’s shareholders’ guarantees. |
Debentures
Debentures | 12 Months Ended |
Dec. 31, 2022 | |
Debentures | |
Debentures | 11. Debentures 11.1. Breakdown Financial Current Non Current Description charges - % p,a, Mature December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Debentures CDI + 2.65 and 3.5 September 2028 84,187 — 516,533 — 84,187 — 516,533 — 11.2. Payment schedule of installments for non-current liabilities Year of maturity: December 31, 2022 2023 — 2024 55,250 2025 117,750 2026 117,738 2027 117,756 2028 117,756 Total 526,250 Funding cost (long term) (9,717) 516,533 (*) 11.3. Description of debentures Emergência Participações S.A. 1st issue of debentures On February 23, 2022, the members of the Company's Board of Directors at the Extraordinary General Meeting resolved and approved the 1st issue of simple, non-convertible debentures, of the unsecured type, with additional personal guarantee, in a single series, in the amount of BRL 335,500. The funds were raised to finance the expansion of the Group's business. The debentures have final maturity in January 2028, the payment of principal will be made in 4 annual installments, the first being in July 2024 and interest will be paid semi-annually, with the first payment in January 2023. 2nd issue of debentures On September 20, 2022, the Company carried out the 2nd issue of simple debentures, non-convertible into shares, of the unsecured type, with an additional fiduciary guarantee, in a single series, in the amount of R$ 250,000.00. The funds were raised to finance the expansion of the Group's businesses. As the debentures have final maturity in September 2028, the principal payment will be made in 4 annual installments, the first in September 2025 and interest will be paid semi-annually, with the first payment in March 2023. 11.4. Contractual restrictions and covenants The Company has certain obligations, including compliance with financial indices (covenants). They are basically linked to the Net Debt / EBITDA* compliance ratio, which must be measured every six months by the Company. In addition, the Company must notify in advance of incorporation, merger, spin-off or corporate reorganization, liquidation, extinction or dissolution, capital reduction, distribution of dividends above the mandatory minimum or any transfer of assets of the Company and its subsidiaries, as well as an entry with a request for judicial recovery. As of December 31, 2022, there were no events that could lead to breach of contract. (*) EBITDA: or EBITDA, refers to earnings before financial results, income tax and social contribution and depreciation and amortization, considering the accumulated pro forma result, with the results under the control of the pro forma Group. |
Trade and other payables
Trade and other payables | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other payables | |
Trade and other payables | 12. Trade and other payables Current December 31, 2022 December 31, 2021 Trade payables – supply chain financing arrangement - domestic operations 10,562 1,145 Trade payables – supply chain financing arrangement - foreign operations 136,049 38,428 146,611 39,573 |
Tax payable
Tax payable | 12 Months Ended |
Dec. 31, 2022 | |
Tax payable | |
Tax payable | 13. Tax payable 13.1. Current income tax and social contribution payable December 31, 2022 December 31, 2021 Income tax 10,182 6,490 Social contribution 2,816 382 12,998 6,872 13.2. Other tax payable December 31, 2022 December 31, 2021 Non- Non- Current current Current current PIS 1,669 — 668 — COFINS 7,675 — 3,075 — ICMS 173 — 75 — ISS 1,111 — 583 — IVA 18,098 — 8,433 — Other taxes 3,561 818 4,331 — Reassessment tax 745 7,168 13 4,065 IRRF 687 — 500 — 33,719 7,986 17,678 4,065 13.3. Reassessment tax Balance of installment payments as of December 31, 2022 The balance of installments as of December 31, 2022, comes basically from subsidiaries, and is composed as follows: December 31, 2022 December 31, 2021 Current Non-current Current Non-current Simples National 6 1,168 — 1,285 Social Security - PGFN — 296 — 328 Other PGFN debits 560 4,978 — 2,056 Social Security - RFB 54 428 — 139 Other RFB debits — 63 — — Installment payment - INSS 83 — 13 124 PIS installment payment — 13 — 20 COFINS Installment — 90 — 94 Installment payment - IRRF — 11 — 13 ISS installment payment — 64 — — Other 42 57 — 6 745 7,168 13 4,065 |
Leases liabilities
Leases liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Leases liabilities | |
Leases liabilities | 14. Leases liabilities 14.1. Right-of-use assets Right-of-use assets related to leased properties that do not meet the definition of investment property are presented as property, plant and equipment (see Note 8 (g)). 14.2. Leases liabilities Unwinding interest from Net lease Lease liabilities lease agreements liability Opening balance as of January 1 st , 2022 36,613 (4,946) 31,667 Additions 35,752 (3,162) 32,590 Business combination 15,908 (1,298) 14,610 Payments - Principal (32,802) — (32,802) Interest payment (2,363) (37) (2,400) Interest appropriation — 4,183 4,183 Exchange-rate change (783) (6) (789) Balance at December 31, 2022 52,325 (5,266) 47,059 Current 16,700 (2,289) 14,411 Non-current 35,625 (2,977) 32,648 Unwinding interest from lease Lease liabilities agreements Net lease liability Opening balance as of January 1 st , 2021 10,070 (1,129) 8,941 Additions 25,414 (4,133) 21,281 Business combination 4,716 (864) 3,852 Payments - Principal (6,820) — (6,820) Interest payment (573) — (573) Interest appropriation — 1,180 1,180 Exchange-rate change 3,806 — 3,806 Balance at December 31, 2021 36,613 (4,946) 31,667 Current 11,599 (1,964) 9,635 Non-current 25,014 (2,982) 22,032 It is due to the lease liability, measured at the present value of lease payments expected until the end of the contract, projected at the real rate and discounted at the nominal rate, considering possible renewals or cancellations. Lease liabilities are recorded under “Lease liabilities” — in current and non-current liabilities. The lease payments maturity analysis was settled out in note 3.22.1 showing the undiscounted lease payments to be received after the reporting date. |
Provision for contingencies and
Provision for contingencies and judicial deposits | 12 Months Ended |
Dec. 31, 2022 | |
Provision for contingencies and judicial deposits | |
Provision for contingencies and judicial deposits | 15. Provision for contingencies and judicial deposits 15.1. Breakdown As of December 31, 2022, and December 31, 2021, the subsidiaries had the following liabilities, and corresponding judicial deposits, related to contingencies: December 31, 2022 December 31, 2021 Judicial Provision for Judicial Provision for deposits contingencies deposits contingencies Probable contingencies: Labor and social security contingencies 826 607 147 181 826 607 147 181 The Group is a party to labor, social security and civil lawsuits and has been discussing these matters in both the administrative and judicial scopes and, when applicable, said lawsuits are mostly backed by appeal-related judicial deposits. The respective provisions for contingencies were set up considering the estimates made by the legal advisors, for lawsuits whose likelihood of loss in the respective outcomes was assessed as ‘probable’. Company Management believes that resolving these issues will not have an effect significantly different from the provisioned amount. 15.2. Rollforward of provision for contingencies Changes in provision for contingencies as of December 31, 2022, and December 31, 2021 are as follows: Consolidated (=) Balance at January 1st, 2021 (combined) 546 (+) Provisions made during the year 63 (-) Provisions reversed during the year (26) (-) Provisions used during the year (402) (=) Balance at December 31, 2021 (consolidated) 181 (+) Provisions made during the year 518 (-) Provisions used during the year (92) (=) Balance at December 31, 2022 (consolidated) 607 15.3. Descriptions of contingencies Labor and social security contingencies refer to lawsuits filed by former employees linked to funds arising from the employment relationship and to various claims for damages. Civil claims refer to lawsuits filed by former suppliers and partners related to compensation for property damages arising from the commercial relationship that existed with the Group’s companies. On December 31, 2022, Management reassessed the criteria for provision for labor contingencies considering the risk of loss in each lawsuit and started recorded the estimated amount of probable loss in each request made in the lawsuits. The Group has labor contingencies classified as a possible loss as of December 31, 2022, in the amount estimated by its legal advisors of R$ 1,000 (as of December 31, 2021, in the amount of R$ 1,517). |
Related parties
Related parties | 12 Months Ended |
Dec. 31, 2022 | |
Related parties | |
Related parties | 16. Related parties 16.1. Breakdown The transaction with related parties in the Response Group was carried out under the following conditions: Consolidated December 31, December 31, 2022 2021 Assets: Loan (non-current): Ambipar Participações e Empreendimentos S.A. 4,500 4,508 Ambipar Environment Reverse Manufacturing S.A. 34 622 Ambipar R&D Pesquisa e Desenvolvimento Ltda 43 48 Ambipar Logísticas Ltda 1,815 14,477 Environmental ESG Participações S.A. 9,095 532 Ambipar Eco Products S.A. 2,229 2,261 Ambipar Workforce Solution Mão de Obra Temp. Ltda 6,078 5,759 Ambipar Environmental Solutions - Soluções Ambientais Ltda 1,154 5,037 Ambipar Environment Waste Logistics Ltda 943 1,352 Amazon Resíduos Ltda — 127 Disal Perú S.A.C — 3 Ambipar Insurance - Corretora de Seguros LTDA 42 — Ambipar Coprocessing Ltda 2 — Disal Chile Servicios Integrales Ltda 49 — Ambipar Bank Intermediação de Negócios, Pagamentos e Participações S.A. 196 — 26,180 34,726 Liabilities: Dividends payable: Controlling shareholder 69,509 31,154 Non-controlling shareholders 7,400 315 76,909 31,469 Loan (non-current): Ambipar Participações e Empreendimentos S.A. 703,165 470,824 Ambipar Eco Products S.A. 2,212 240 Ambipar Environment Waste Logistics Ltda 1,088 1,088 Ambipar Environmental Solutions - Soluções Ambientais Ltda 1,332 61 Environmental ESG Participações S.A. 9,731 9,595 Disal Chile Sanitarios Portables Ltda 199 340 Gestión de Servicios Ambientales S.A.C. 165 13 Ambipar R&D Pesquisa e Desenvolvimento Ltda 58 — Ambipar Logístics Ltda 2,014 — Ambipar Green Tech Ltda 19 — Ambipar Compliance Solutions S.A. 3 — Ambipar Environmental Centroeste S.A. 4 — Ambipar Worforce Solution Mão de Obra Temporária Ltda 5,578 — Ambipar Environment Reverse Manufacturing S.A. 1 — Brasil Coleta Gerenciamento de Resíduos Ltda 700 — Ambipar Bank Intermediação de negócios, pag e Part S.A. 43,523 — 769,792 482,161 Remuneration of key personnel 35,263 7,631 The remuneration of key personnel is recorded in profit or loss under employee benefits. Loans They comprise checking account transactions carried out exclusively between wholly owned subsidiaries of the Group’s parent company, Ambipar Participações, i.e., subsidiaries over which the parent company has full control. These transactions, whose contracts are for an indefinite period and without remuneration, are carried out and are characterized by the concept of cash centralization, i.e., single cash, aiming at better management of financial resources for the Ambipar Group. December December December 31, 2022 31, 2021 31, 2020 Statement of income (business transactions) Net Revenues Disal Chile Sanitarios Portables Ltda, 24 47 51 Ingeniería en Sanitización S.A. — — 1 Ingeclean Perú SAC — — 7 Gestión de Servicios Ambientales SAC — — 50 Inmobiliaria e Inversiones D&G Ltda, — — 28 24 47 137 Costs Disal Chile Sanitarios Portables Ltda, — — (14) Ingeniería en Sanitización S.A. — — — Gestión de Servicios Ambientales SAC — — (191) Inversiones Algarrobo S.A. — — (296) — — (501) Net Income (loss) 24 47 (364) Commercial transactions Related parties linked to the Chilean non-controlling shareholder, which has strictly business transactions, i.e., entered into for the purpose of providing environmental services, leases, as well as providing emergency response services. For the execution of such transactions, the commercial conditions of the local market are followed. Shared costs between companies Part of the amount payable to the parent company Ambipar Participações comes from the sharing of costs of the shared office (Centro de Soluções Compartilhadas — CSC) that is distributed among companies in Brazil according to the revenue of each company in relation to the Group. 16.2. Remuneration of key personnel The remuneration of all directors of the group that corresponds to short-term benefits was R$ 35,263 in December 2022 (R$ 7,631 on December 31, 2021 and R$ 8,060 on December 31, 2020). Benefits, such as vehicle use, reimbursement, travel, and others, are granted to officers, in December 2022, these benefits totaled R$ 833 (R$ 172 on December 31, 2021 and R$ 199 on December 31, 2020). In 2021, no long-term benefits, termination share |
Shareholders' equity
Shareholders' equity | 12 Months Ended |
Dec. 31, 2022 | |
Shareholders' equity | |
Shareholders' equity | 17. Shareholders’ equity In the context of the Consolidated Financial Statements, the accounts comprising equity (capital, capital reserve, income reserve, equity adjustments, among other) usually are not significant. Therefore, the statements of changes in equity of this Consolidated financial information include only two items named equity attributed to controlling interests and noncontrolling interests. 17.1. Capital Authorized capital The Company authorized share capital consists of (in) a limited number of voting shares and (iii) a limited number of ordinary shares. The subscribed and paid-in share capital of the Company is represented by 261,920,439, in the amount of R$261,920 (261,920,439 share capital on December 31, 2021). On December 31, 2020, the parent company Ambipar Participações signed with the Company a private instrument of Advance for Future Capital Increase (AFAC), in the amount of R$176,000, which refers to the corporate restructuring of the Group, to which the contracting parties attributed irrevocable and irreversible character. In accordance with the agreement between Ambipar Participações and the Company, AFAC was converted into the share capital of Emergência Participações in January 2021, with the issue of 176,000,000 shares. On October 5, 2021, the company approved a capital increase of R$ 49,021, with the issuance of 49,021,522 new common shares that were paid in through the transfer of all the shares of the capital stock of the investment in Ambipar Response Limited and Ambipar Howells Consultancy Limited. 17.2. Group reorganization In 2021, the Group did a reorganization and had 100% of the stock which the which part group an 17.3. Profit reserves Legal reserve The legal reserve is set up annually by the allocation of 5% of net income for the year and may not exceed 20% of the Company’s capital. The purpose of the legal reserve is to guarantee that the capital is paid up and it is used solely to offset losses and increase capital. Unrealized profit reserve The unrealized profit reserve is represented by undistributed profits, due to equity in earnings not realized in its investees. See below destination events to that unrealized profit reserve: Approval of 2021 profit allocations On April 30, 2022, management approved at the Ordinary General Meeting (AGO) the retention of net income for the year, after the constitution of the legal reserve and the minimum mandatory dividend, as "Unrealized Profits Reserve" in the amount of R$93,406, which may be realized when profits attributable to the result of equity investments are realized, for example, by receiving dividends from subsidiaries and joint ventures. In 2022, the Company approved the payment of R$31,154 as mandatory minimum dividend. As a result of the above, the Company's net income was distributed as follows: December 31, 2021 Net income for the year 131,116 Destination of the legal reserve (5%) (31,154) Distribution of income for the year (6,556) Appropriation in unrealized profit reserve 93,406 Approval of 2022 profit allocations On April 28, 2023, management will propose at the Annual Shareholders’ Meeting (AGO) the retention of the net income for the year, after the constitution of the legal reserve and the minimum mandatory dividend, as “Unrealized Profits Reserve” in the amount of R$ 115,063, which can be realized when the profits attributed to the result of equity investments are realized, for example, with the receipt of dividends from subsidiaries and joint ventures. In fiscal year 2023, the Company will distribute dividends in the amount of R$ 38,355, as the mandatory minimum dividend for fiscal year 2022, without the need for a supplementary resolution. As a result of the above, the Company’s net income was distributed as follows: December 31, 2022 Net income for the year 161,493 Destination of the legal reserve (5%) (38,355) Distribution of income for the year (8,075) Appropriation in unrealized profit reserve 115,063 17.4. Earnings per share As a result of the corporate reorganization of Ambipar Participações e Empreendimentos S.A. that occurred in 2020, the Company presents these consolidaded financial statements considering Emergencia Participações S.A. as the ultimate parent company of the Group since January 1, 2021. The weighted average of the shares used to calculate the earnings per share represents the movement of the shares of Emergencia Participações S.A. in the respective exercises. Basic Basic earnings per share are calculated by dividing the income attributable to the Company’s shareholders by the weighted average number of shares issued during the year, excluding those shares bought by the Company and held as treasury shares. Any dividends of preferred shares and any premiums paid upon the issue of preferred shares during the year are deducted from the income attributed to the parent company’s shareholders. December December Earning per share December 31, 2022 31, 2021 31, 2020 Earnings per share operations attributable to shareholders of the parent company before deductions 187,874 138,142 66,054 Number of ordinary shares 261,920,439 48,615,599 36,898,917 Basic earnings per share (in Reais) 0.72 2.84 1.79 Diluted earnings per share (in Reais) 0.72 2.84 1.79 Diluted As of December 31, 2022, the Company does not present dilution of common shares. 17.5. Accumulated translation adjustment It substantially refers to exchange variation on foreign investees and goodwill paid on the acquisition of businesses in other countries, whose functional currencies are different from the Company and its subsidiaries. 17.6. Capital transaction On June 28, 2021, Emergências Participações S.A. acquired 100% of the shares of Inversiones Disal Emergencias S.A. (“Inversiones Disal Emergencias”). Inversiones Disal Emergencia is a holding company with a direct interest of 50% on Suatrans Chile S.A. and, after this transaction, the total interest of Response Group on Suatrans Chile S.A. is 100%. Response Inversiones Disal Emergencias Assets and liabilities acquired at fair value (*) Cash and cash equivalents 1,005 Other assets 25,650 Other liabilities (326) Total identifiable net assets 26,329 Total amount of consideration transferred 144,430 (-) Cash acquired (1,005) (-) Assumed value of the obligation to pay — Cash paid, net of cash received/receivable 143,425 Determination of goodwill(*) Total amount of consideration, net 144,430 Total identifiable net assets (26,329) Goodwill paid on expected future profitability 118,101 Date of additional acquisition 06/28/2021 Company that acquired control Emergência Participações S.A. Value of acquisition US$26,185 (thousand) Percentage acquired 99.99 % |
Segment reporting
Segment reporting | 12 Months Ended |
Dec. 31, 2022 | |
Segment reporting | |
Segment reporting | 18. Segment reporting Segment information is presented geographically as required by entity wide disclosures under IFRS 8. (i) Segment net revenue by region December December December 31, 2022 31, 2021 31, 2020 Net Revenue Brazil 534,113 210,397 156,250 Latin America (Other than Brazil) 186,156 144,410 104,809 Europe 175,091 132,617 34,041 North America 789,536 334,779 69,184 Total 1,684,896 822,203 364,284 (ii) Segment PPE, Goodwill and Intangible assets by region From the total of PPE, Goodwill and Intangible assets, 29% located in Brazil as of December 31, 2022 (2021 is 31% at Brazil). The following table presents segment non-current assets by geographical area for the periods indicated: December December December 31, 2022 31, 2021 31, 2020 Non current assets Brazil 629,055 289,761 107,122 Latin America (Other than Brazil) 45,073 42,875 15,260 Europe 111,350 115,550 7,981 North America 1,411,377 478,813 197,025 Total 2,196,855 926,999 327,388 (iii) Major clients As of December 31, 2022 and December 31, 2021, the Emergency Response Services has no customer representing more than 10% of its net revenue. |
Net Revenues
Net Revenues | 12 Months Ended |
Dec. 31, 2022 | |
Net Revenues | |
Net Revenues | 19. Net Revenues The main business activities of Response comprise prevention, management, and emergency response to accidents involving hazardous or non-hazardous products in all modes of transportation, in addition, it provides industrial firefighters who work at customer’s facilities and has the largest and most complete training field in Latin America, training employees and clients with the most complete structure focused on emergency response and management in multimodal scenarios. The Company promises a service to the customer at the contract, which could be stand-by to support or execute a spot service. The delivery of the service is identified as the single performance obligation in the respective contract. The nature, amount, timing and uncertainty of Response Group net revenue and cash flows may be affected by economic factors. The economic factors that most impact Response Group net revenues and cash flow are associated with geographical areas. The following table presents net revenue disaggregated by geographical area for the periods indicated. December 31, December 31, December 31, 2022 2021 2020 Net revenue in the domestic market (*) 534,113 210,397 156,250 Net revenue in the foreign market 1,150,783 611,806 208,034 Net revenue from services rendered 1,684,896 822,203 364,284 (*) Revenue represented by national (Brazil) clients. |
Costs and expenses by nature
Costs and expenses by nature | 12 Months Ended |
Dec. 31, 2022 | |
Costs and expenses by nature | |
Costs and expenses by nature | 20. Costs and expenses by nature December 31, December 31, December 31, 2022 2021 2020 Materials used in the provision of services (30,395) (32,036) (3,314) Personnel and labor charges (647,356) (317,749) (162,186) Fuels (58,115) (24,744) (1,764) Freight and tolls (17,181) (2,683) (1,958) Maintenance of machinery, apparatus and equipment and vehicles (58,022) (24,306) (3,608) Taxes (20,191) (10,099) (2,698) Rent and Condominium (11,936) (8,884) (4,606) Leasing of goods, vehicles, machinery and equipment (19,087) (14,294) (3,262) Telephony expenses (6,440) (2,011) (1,375) Travel expenses (33,215) (12,588) (6,258) Depreciation and amortization (112,029) (60,163) (22,519) Advertising and marketing (10,783) (3,399) (4,415) Third-party services (210,471) (89,455) (27,454) Other expenses (116,545) (41,762) (28,981) (1,351,766) (644,173) (274,398) Cost of services provided (1,337,749) (618,691) (256,147) General, administrative and sales (26,553) (26,837) (18,956) Other operating income (expenses), net 12,536 1,355 705 (1,351,766) (644,173) (274,398) |
Net financial income
Net financial income | 12 Months Ended |
Dec. 31, 2022 | |
Net financial income | |
Net financial income | 21. Net financial income December 31, December 31, December 31, 2022 2021 2020 Financial income: Discounts obtained 800 82 81 Interest charged 820 830 348 Income from financial investments 6,441 3,714 1 Active exchange variation 315 5,636 6,481 Others 1,191 514 494 9,567 10,776 7,405 December 31, December 31, December 31, 2022 2021 2021 Financial expenses: Interest paid (4,732) (1,610) (1,942) Advance Fees — (978) (291) Interest on Right of Use (4,183) — — Interest on loans (27,329) (7,454) (3,848) Interest on debentures (52,371) — — Discounts given (1,529) (830) (331) Bank expenses (2,478) (362) (460) IOF (3,469) (1,108) (616) Intercompany interest (4,613) — — Exchange variation (8,518) (163) (5,644) Others (4,319) (299) (1,351) (113,541) (12,804) (14,483) (103,974) (2,028) (7,078) |
Income tax and social contribut
Income tax and social contribution | 12 Months Ended |
Dec. 31, 2022 | |
Income tax and social contribution | |
Income tax and social contribution | 22. Income tax and social contribution (a) Breakdown of expense December December December 31, 2022 31, 2021 31, 2020 Current income tax and social contribution (35,806) (23,773) (11,274) Deferred income tax and social contribution (9,104) (14,087) (5,480) Income tax and social contribution expense (44,910) (37,860) (16,754) (b) Reconciliation of income tax and social contribution expenses December31, December 31, December 31, 2022 2021 2020 Income before income tax and social contribution 232,784 176,002 82,808 Tax calculated based on current rates - 34% (79,147) (59,841) (28,155) Reconciliation: Equity in net income of subsidiaries 10,671 — — Recognition of deferred tax loss asset (16,434) 4,012 (847) Permanent difference adjustments in other jurisdictions 18,212 38,570 8,416 Adjustment in Tax regime Differences (13,115) — — Other adjustments in temporary and permanent differences 34,904 (20,601) 3,832 Income tax and social contribution (44,910) (37,860) (16,754) Effective rate of income tax and social contribution - % 19.3 % 21.5 % 20.2 % (c) Deferred income tax and social contribution The Group records deferred income tax and social contribution payable and receivable to the extent of their realization, to reflect the future tax effects on temporary differences between the tax bases of assets and liabilities and their respective book values, as well as a tax loss and negative social contribution basis, calculated at the combined tax rate of 34%, as well as demonstrating the basis for constituting the deferred income tax and social contribution payable, constituted taking into consideration the existing obligations in other jurisdictions, stated separately in assets and liabilities due to the fact that they are distinct tax authorities, as follows: Consolidated Tax bases - Assets December 31, 2022 December 31, 2021 Tax loss and negative basis 25,304 17,962 Temporary differences in another jurisdiction 25,770 8,470 Provisions - temporary differences 23,692 — 74,766 26,432 Income tax - 25% 18,692 6,608 Social contribution - 9% 6,728 2,379 Income tax and social contribution - assets 25,420 8,987 Consolidated Tax bases - Liabilities December 31, 2022 December 31, 2021 Provisions - temporary differences (124,671) (45,862) Temporary differences in another jurisdiction (436,602) (52,384) (561,273) (98,246) Income tax – 25% (140,318) (24,562) Social contribution - 9% (50,515) (8,842) Income tax and social contribution - liabilities (190,833) (33,404) (d) Changes in deferred income tax and social contribution Consolidated Changes December 31, 2022 December 31, 2021 Opening balance – assets, net of liabilities (24,417) (7,234) Realization to statement of income (9,104) (14,087) Other changes (131,892) (3,096) Closing balance – assets, net of liabilities (165,413) (24,417) (e) Realization of deferred income tax and social contribution Realization per annum December 31, 2022 December 31, 2021 2022 — 2,247 2023 6,355 2,247 2024 6,355 2,247 2025 6,355 2,246 2026 6,355 — 25,420 8,987 |
Cash flow information
Cash flow information | 12 Months Ended |
Dec. 31, 2022 | |
Cash flow information | |
Cash flow information | 23. Cash flow information Investment and financing transactions that do not involve cash. December December December 31, 2022 31, 2021 31, 2020 Cash flow from investing activities Acquisition of property, plant, and equipment by financing 138,834 19,818 32,491 Balance payable for acquisition of investment (330,309) 185,412 77,072 (191,475) 205,230 109,563 Cash flow from financing activities Operational lease 32,590 22,851 526 Accumulated translation adjustment (92,593) 16,624 8,755 Participation of non-controlling (26,381) (18,623) 5,289 Proposed dividends (38,355) (31,155) — Capital increase with AFAC — 176,000 — Capital increase with investment receipt — 49,021 — (124,739) 214,718 14,570 |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2022 | |
Subsequent events | |
Subsequent events | 24. Subsequent events Item Event Date Description 1 Closing approval of the joint venture O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente S.A. January 2023 On January 17, 2023, the Company announced to its shareholders and the market in general that, in agreement with OceanPact Serviços Marítimos SA (“OceanPact”), they had decided to close the joint venture O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente SA (“O'Brien's Brasil”) whose activity is the provision of specialized consulting services in Brazil (“Agreement”). This Agreement was intended to avoid overlapping activities and operations between Ambipar Response SA (“Ambipar Response”) and OceanPact. Environpact Consultoria em Engenharia e Meio Ambiente Ltda. (“Environpact”), a wholly-owned subsidiary of OceanPact, will hold 100% of the shares representing the capital stock of O'Brien's Brasil, and will no longer use the “O'Brien's” brand, changing its name to “EnvironPact Sustainability and Resilience”. Ambipar Response owns 100% of the capital of O'Brien's Response Management Inc, will receive, in two installments, the amount of R $11 million for 50% of the shares representing the capital stock of O'Brien's Brasil. The O'Brien's brand will continue to be used by Ambipar Response, which continues with its strategic plan and with its activities in Brazil and worldwide. 2 Implementation of the registration report submitted by Ambipar Emergency Response to the US Securities and Exchange Commission ("SEC") February 2023 On February 6, 2023, the Company informed its shareholders and the market in general that, following the Material Fact disclosed on July 6, 2022 and the Notice to the Market of December 14, 2022, the US Securities and Exchange Commission ( "SEC") declared effective on February 3, 2023, the registration report (registration statement) submitted by Ambipar Emergency Response ("Ambipar Response"), holding company of the emergency response segment of the Ambipar group, regarding the business combination of Emergência Participações SA, a wholly-owned subsidiary of Ambipar Response with HPX Corp ('HPX”), a special purpose acquisition company (SPAC) (“Business Combination”), and the registration of Class A common shares and “warrants” from Ambipar Response. Immediately thereafter, the Extraordinary General Meeting of HPX will be held on February 28, 2023, in which compliance with the conditions precedent and conclusion of the Business Combination (“AGE HPX”) will be assessed. Only after the approval of the shareholders at the HPX AGE, the Business Combination will become effective and there will be a consequent listing of the Class A common shares of Ambipar Response on NYSE American under the ticker, "AMBI". The conclusion of this transaction is an important milestone in carrying out the growth and internationalization strategy of Ambipar Response's operations, further strengthening its position as a global reference in industrial services and emergency response. Item Event Date Description 3 Federal Supreme Court (“STF”) changes understanding related to res judicata in tax matters February 2023 On February 8, 2023, the Federal Supreme Court (STF) ruled on Items 881 – Extraordinary Appeal No. 949.297 and 885 – Extraordinary Appeal No. 955.227. The ministers who participated in these issues unanimously concluded that judicial decisions taken definitively in favor of taxpayers should be annulled if, later, the Supreme Court has a different understanding on the subject. That is, if years ago a company obtained authorization from the Court to stop paying any tax, this permission will automatically expire if, and when, the STF understands that the payment is due. Management evaluated with its internal legal advisors the possible impacts of this STF decision and concluded that the decision of the STF does not result, based on management's assessment supported by its legal advisors, and in line with CPC25/IAS37 Provisions, Contingent Liabilities and Contingent Assets, CPC 32/IAS 12 Income Taxes, ICPC 22 / IFRIC 23 Uncertainty about the treatment of income taxes and CPC24/IAS10 Subsequent Events, with significant impacts on its financial statements as of December 31, 2022. |
Description of significant ac_2
Description of significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Description of significant accounting policies | |
Basis of presentation | 2.1. Basis of presentation The Consolidated Financial Statements as of and for the three years ended December 31, 2022 have been prepared and are presented in accordance with the International Financial Reporting Standards – IFRS, as issued by International Accounting Standard Board (IASB), with the application of IFRS 1 First-time Adoption of IFRS. An explanation of how the transition to IFRS has affected the reported financial position, financial performance, and cash flows of the Group is provided in Note 3.1. The Consolidated Financial Statements are identified as “Consolidated”. The Consolidated Financial Statements are expressed in thousands of Reais ("R$"), and the reporting of amounts in other currencies, when needed, is also expressed in thousands, unless otherwise indicated. The preparation of Consolidated Financial Statements requires Management to make judgments, use estimates and adopt assumptions that affect the amounts presented for revenues, expenses, assets and liabilities, including contingent liabilities. However, uncertainty relating to these judgments, assumptions and estimates could lead to results that require a significant adjustment to the book value of certain assets and liabilities in future years. Response Group’s Management states and confirms that all relevant information in the consolidated financial statements is being evidenced and corresponds to the one used by Management in the administration. The Consolidated Financial Statements have been prepared on the historical cost’s basis, except certain financial assets and liabilities that measured at their fair value. The Consolidated Financial Statements have been prepared on a going concern basis, which assumes that the Response Group will be able to discharge its liabilities. |
Basis of consolidation | 2.2. Basis of consolidation These Consolidated Financial Statements include the results of the Company and all its subsidiary undertakings made up to the same accounting date. All intra-Group balances, transactions, income and expenses are eliminated in full on consolidation. The results of subsidiary undertakings acquired or disposed of during the period are included or excluded from the consolidated income statement from the effective date of acquisition or disposal. |
New or revised pronouncements applied for the first time in 2022 | 2.3. New or revised pronouncements applied for the first time in 2022 The new IFRS standards will only be applied in Brazil after the issuance of the respective standards in Portuguese by the Accounting Pronouncements Committee and approval by the Federal Accounting Council. a) Onerous contracts – Cost of contract performance (Amendments to IAS 37); Applies to annual periods beginning on or after January 1, 2022 for existing contracts on the date the changes are first applied. The change specifically states which costs to consider when calculating the cost of fulfilling a contract. b) Amendment to IAS 16 Fixed Assets The classification of any gains generated before fixed assets is in accordance with the planned use conditions. Clarifies that the items produced before the fixed assets are in the planned conditions of use, if sold, must have their costs and revenues recognized in the income statement, not being able to compose/reduce the formation cost of the fixed assets. c) Annual improvements to the 2018-2020 IFRS Standards Changes were made to the standards: (i) IFRS 1, addressing aspects of first adoption in a subsidiary; (ii) IFRS 9, addressing the 10% test criterion for the reversal of financial liabilities; (iii) IFRS 16, addressing illustrative examples of leasing; and (iv) IAS 41, addressing fair value measurement aspects. d) Amendment to IFRS 3 Includes corrections in references regarding the Conceptual Framework of IFRS. |
New standards, revisions and interpretations issued that were not yet effective as of December 31, 2022 | 2.4. New standards, revisions and interpretations issued that were not yet effective as of December 31, 2022 For the following standards or amendments, management has not yet determined whether there will be significant impacts on the Company's financial statements, namely: ◾ Amendment to IAS 8 – amends the definition of accounting estimate, which is now considered as “monetary amounts in the financial statements subject to measurement uncertainty”, effective for periods beginning on or after January 1, 2023; ◾ Amendment to IAS 12 – brings an additional exception to the exemption from the initial recognition of deferred tax related to assets and liabilities resulting from a single transaction, effective for periods beginning on or after January 1, 2023; ◾ Amendment to IFRS 17 – includes clarification of aspects related to insurance contracts, effective for periods beginning on or after January 1, 2023; ◾ Amendment to IFRS 16 – deals with liability in a retro lease, effective for periods beginning on or after January 1, 2024; ◾ Amendment to IAS 1: i. Classification of liabilities as Current or Non-Current - this amendment clarifies aspects to be considered for the classification of liabilities as Current and Non-Current, effective for periods beginning on or after January 1, 2024. In January 2020, the IASB issued amendments to IAS 1, which clarify the criteria used to determine whether the liability is classified as current or non-current. These amendments clarify that the current classification is based on whether an entity has the right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period. The amendments also clarify that the "agreement" includes the transfer of cash, goods, services or equity instruments, unless the obligation to transfer cash, goods, services or equity instruments arises from a conversion facility classified as an equity instrument separately from the liability component of a compound financial instrument. The changes were originally effective for annual reporting periods beginning January 1, 2023. However, due to the impacts of Covid-19, the effective date has been postponed for annual reporting periods beginning January 1, 2024. ii. Change in the disclosure of accounting policies, effective for periods beginning on or after January 1, 2023. In February 2021, the IASB released amendments to IAS 1, which change the disclosure requirements with regard to accounting policies by replacing the term "significant accounting policies" with "material information about accounting policies". The amendments provide guidance on when it is likely that information about accounting policy should be considered material. The amendments to IAS 1 are effective for annual reporting periods beginning on or after 1 January 2023, with earlier application permitted. The Company is currently evaluating the impact of these new standards and accounting changes. The Company will assess the impact of the final amendments to IAS 1 on the classification of its liabilities once they are issued by the IASB. The Company does not believe that the amendments to IAS 1, in its current form, will have a significant impact on the classification of its liabilities, since the conversion feature in its convertible debt instruments is classified as an equity instrument and, therefore, not affects the classification of its convertible debt as a non-current liability. Other pronouncements and interpretations There are no other standards, amendments to standards and interpretation that are not in force and that the Company and its subsidiaries expect to have a material impact arising from their application in its Consolidated Financial Statements. |
General Information (Tables)
General Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
General Information | |
Schedule of subsidiaries comprising the Response Group | Ownership held Ownership held by Group by NCI Place of Business/ Country 12.31.2022 12.31.2021 12.31.2022 12.31.2021 Consolidation Company of Incorporation Controller % % % % method Emergência Participações S.A. Brazil Ambipar Participações 100.00 100.00 — — Full Ambipar Response S.A. Brazil Emergência Participações 100.00 100.00 — — Full Ambipar Insurance Corretora de Seguros Ltda Brazil Emergência Participações — 100.00 — — Full Ambipar Response Insurence - Atendimento a Seguros Ltda Brazil Emergência Participações 100.00 100.00 — — Full Ambipar University S.A. Brazil Emergência Participações — 100.00 — — Full Suatrans Chile S.A. Chile Emergência Participações 100.00 100.00 — — Full Suatrans Peru SAC Peru Suatrans Chile 99.78 99.78 0.22 0.22 Full Suatrans Training S.A. Chile Suatrans Chile 99.99 99.99 0.01 0.01 Full SIS – Servicios Industriales Especializados S.A. Chile Suatrans Chile 99.99 99.99 0.01 0.01 Full Horvefel S.A. Uruguai Suatrans Chile 100.00 100.00 — — Full SABI Tech S.A.S Colombia Suatrans Chile 100.00 100.00 — — Full Ambipar Holding USA, INC United States of America Emergência Participações 100.00 100.00 — — Full Allied International Emergency LLC. United States of America Ambipar Holding USA 100.00 100.00 — — Full One Stop Environmental, LLC United States of America Ambipar Holding USA 100.00 100.00 — — Full Intracoastal Invironmental, LLC United States of America Ambipar Holding USA 100.00 100.00 — — Full Custom Environmental Services, INC United States of America Ambipar Holding USA 100.00 100.00 — — Full EMS Environmental, Inc United States of America Ambipar Holding USA 100.00 100.00 — — Full Ownership Ownership held held by Group by NCI Place of Business/ Country 2022 2021 2022 2021 Consolidation Company of Incorporation Controller % % % % method Swat Consulting Inc. United States of America Ambipar Holding USA 100.00 100.00 — — Full Professional Emergency Resource Services United States of America Ambipar Holding USA 100.00 100.00 — — Full Ambipar Response L1 Inc United States of America Ambipar Holding USA 100.00 — — — Full Witt O'Brien"s LLC United States of America Ambipar Holding USA 100.00 — — — Full Navigate Communications Pte. Ltd. Singapore Witt O'Brien"s LLC 100.00 — — — Full Navigate Response (Asia) Pte. Ltd. Singapore Witt O'Brien"s LLC 100.00 — — — Full Navigate PR Limited England and Wales Witt O'Brien"s LLC 100.00 — — — Full Navigate Response Limited England and Wales Witt O'Brien"s LLC 100.00 — — — Full Strategic Crisis Advisors LLC Georgia Witt O'Brien"s LLC 100.00 — — — Full Witt O’Brien’s PR LLC Puerto Rico Witt O'Brien"s LLC 100.00 — — — Full Witt O'Brien's USVI, LLC U.S. Virgin Islands Witt O'Brien"s LLC 100.00 — — — Full Witt O'Brien's Payroll Management LLC Delaware Witt O'Brien"s LLC 100.00 — — — Full O'Brien's Response Management, L.L.C. Delaware Witt O'Brien"s LLC 100.00 — — — Full O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente S/A (c) Brazil Witt O'Brien"s LLC 50.00 — 50.00 — No Witt O'Brien's Insurance Services, LLC New Jersey Witt O'Brien"s LLC 100.00 — — — Full Witt Associates do Brasil Consultoria Ltda. Brasil Witt O'Brien"s LLC 99.92 — 0.08 — Full Ambipar Holdings UK Limited United Kingdom Emergência Participações 100.00 100.00 — — Full Groco 404 Limited United Kingdom Ambipar Holdings UK Limited 100.00 100.00 — — Full Ambipar Site Services Limited United Kingdom Groco 404 Limited 100.00 100.00 — — Full Ambipar Holding Ireland Limited Ireland Ambipar Holdings UK Limited 100.00 100.00 — — Full Lehane Environmental & Industrial Services Ltd Ireland Ambipar Holding Ireland 100.00 100.00 — — Full Ambipar Response Limited (UK) United Kingdom Ambipar Holdings UK Limited 100.00 100.00 — — Full Ambipar Howells Consultancy Limited United Kingdom Ambipar Response Limited (UK) 100.00 100.00 — — Full Ambipar Response Limited United Kingdom Ambipar Response Limited (UK) 100.00 100.00 — — Full Ambipar Holding Canadá, INC Canadá Emergência Participações 100.00 100.00 — — Full Emerge Hydrovac Inc. Canadá Ambipar Holding Canadá 100.00 100.00 — — Full Lynx Creek Industrial & Hydrovac Ltd. Canadá Ambipar Holding Canadá 100.00 100.00 — — Full Orion Environmental Services Ltd. Canadá Ambipar Holding Canadá 100.00 100.00 — — Full First Response Inc Canadá Ambipar Holding Canadá 100.00 — — — Full Graham Utility Hydrovac Services Canadá Ambipar Holding Canadá 100.00 — — — Full Ridgeline Canada Inc Canadá Ambipar Holding Canadá 100.00 — — — Full Ambipar Response ES S.A. Brazil Emergência Participações 70.00 70.00 30.00 30.00 Full Ambipar Response Control Environmental Consulting S.A. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Orbitgeo Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response OGTEC Facilities Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Wastewater Control Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Geoweb Ltda. Brazil Ambipar Response ES 70.00 70.00 30.00 30.00 Full Ambipar Response Geociências Ltda. (a) Brazil Ambipar Response ES 38.50 38.50 61.50 61.50 Full Bioenv Análises Ambientais Ltda (b) Brazil Ambipar Response ES 35.70 — 64.30 — Full CTA Serviços em Meio Ambiente Ltda Brazil Ambipar Response ES 70.00 — 30.00 — Full RG Consultoria Técnica Ambiental S.A. Brazil Emergência Participações 51.00 — 49.00 — Full RG Consultoria Técnica Ambiental Brasil Ltda Brazil RG Consultoria 51.00 — 49.00 — Full JM Serviços Integrados Ltda Brazil Emergência Participações 70.00 70.00 30.00 30.00 Full JM Serviços e Locações Ltda Brazil Emergência Participações 70.00 70.00 30.00 30.00 Full Lacerda & Lacerda Serviços de Transportes e Emergências Ambientais Ltda Brazil Emergência Participações 100.00 70.00 — 30.00 Full Desentupidora Belo Ltda Brazil Emergência Participações — 70.00 — 30.00 Full Ambipar Response Gás Ltda. Brazil Emergência Participações 100.00 100.00 — — Full Inversiones Disal Emergencias S.A. Chile Emergência Participações 100.00 100.00 — — Full Ambipar Atendimento Médico Hospitalar Ltda. Brazil Emergência Participações 100.00 100.00 — — Full Fênix Emergências Ambientais Ltda. Brazil Emergência Participações 100.00 100.00 — — Full APW Ambiental e Transporte Ltda. Brazil Emergência Participações 100.00 100.00 — — Full Dracares Apoio Marítimo e Portuário Ltda Brazil Emergência Participações 51.00 — 49.00 — Full Flyone Serviço Aéreo Especializado, Comércio e Serviço Ltda Brazil Emergência Participações 51.00 — 49.00 — Full CK7 Serviços de Manutenção Industrial e Reparos em Geral Ltda Brazil Emergência Participações 51.00 — 49.00 — Full C-Safety Comércio, Indústria e Serviços Ltda Brazil CK7 Serviços de Manutenção 51.00 — 49.00 — Full (a) The subsidiary Ambipar Response ES has a 55% interest in Ambipar Response Geociências Ltda. The Company has a 70% interest in Ambipar Response ES, thus the Group has 38.50% control over the subsidiary. (b) The subsidiary Ambipar Response ES has a 51% interest in Bioenv Análises Ambientais Ltda. The Company has a 70% interest in Ambipar Response ES, thus the Group has 35.70% control over the subsidiary. (c) As described in Note 1 – General Information, the Company acquired, through its subsidiary Emergência Participações S.A., 100% of the company Witt O’Briens and the acquisition was completed on October 25, 2022; as a result, there was a joint agreement with the acquisition of 50% of O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente S.A., characterizing a joint venture. |
Basis of measurement (Tables)
Basis of measurement (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Basis of measurement | |
Schedule of financial information for NCI that are material to the Group | Set out below is summarized financial information for NCI that are material to the Group for December 31, 2022: Ambipar Response Ambipar Flyone Ambipar Lacerda & Lacerda Dracares Serviço Aereo Ambipar JM Response Serv.de Transp. e Apoio Especializado, Response Serviços Espírito Santo Emergências Marítimo e Comércio e RG Response Tank Integrados Summarized statement of financial position S.A. (*) Ambientais Ltda Portuario S/A. Serviço S.A. Cleaning S/A S.A. Total December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2022 2022 2022 2022 2022 2022 2022 2022 Current assets 37,967 19,421 10,968 23,371 3,513 63,651 12,589 171,480 Current liabilities (32,826) (8,430) (9,404) (26,520) (1,529) (26,424) (6,040) (111,173) Current net assets 5,141 10,991 1,564 (3,149) 1,984 37,227 6,549 60,307 Non-current assets 88,305 205 44,116 78,623 4,724 22,490 16,474 254,937 Non-current liabilities (52,825) (7,731) (6,135) (28,649) (1,703) (750) (18,143) (115,936) Non-current net assets 35,480 (7,526) 37,981 49,974 3,021 21,740 (1,669) 139,001 Net assets 40,621 3,465 39,545 46,825 5,005 58,967 4,880 199,308 Net assets controlling 40,621 3,465 39,545 46,825 5,005 58,967 4,880 199,308 Net assets non-controlling 1,346 — — — — — — 1,346 Accumulated NCI 11,924 Others adjustment from non-controlling 2,915 352 19,377 22,944 2,124 22,130 (32) 69,810 Accumulated NCI adjusted 81,734 Ambipar Ambipar Ambipar Flyone Response Lacerda & Lacerda Response Serviço Aereo Ambipar JM Espírito Serv.de Transp. e Dracares Apoio Especializado, Response Serviços Santo S.A. Emergência Marítimo e Comércio e RG Response Tank Integrados Summarized statement of financial position (*) Ambientais Ltda Portuario S/A. Serviço S.A. Cleaning S/A S.A. Total Revenue 102,666 3,201 61,430 55,900 9,314 60,484 20,432 313,427 Cost of services rendered (69,318) (1,490) (39,294) (30,427) (5,811) (20,374) (13,113) (179,827) Gross profit 33,348 1,711 22,136 25,473 3,503 40,110 7,319 133,600 Selling, general and administrative expenses (13,788) (371) (4,349) (15,280) (1,307) (2,830) (3,764) (41,689) Other expense (258) — 92 (112) (41) 10,259 (38) 9,902 Operating expenses (14,046) (371) (4,257) (15,392) (1,348) 7,429 (3,802) (31,787) Operating profit 19,302 1,340 17,879 10,081 2,155 47,539 3,517 101,813 Finance costs (5,456) (53) (1,190) (5,572) (68) (334) (2,699) (15,372) Finance income 1,688 1 104 372 2 305 25 2,498 Net finance costs (3,768) (52) (1,086) (5,200) (66) (29) (2,674) (12,874) Profit before tax 15,534 1,288 16,793 4,881 2,089 47,510 843 88,939 Income tax and social contribution (5,879) (502) (6,315) (2,131) (493) (4,451) (949) (20,720) Profit for the year 9,655 786 10,478 2,750 1,596 43,059 (106) 68,219 Profit for the year controlling 6,635 550 5,371 1,403 935 27,017 (74) 41,838 Profit for the year non-controlling 3,020 236 5,107 1,347 661 16,042 (32) 26,381 Interest attributable to non-controlling shareholders 30.00 % 30.00 % 49.00 % 49.00 % 49.00 % 49.00 % 30.00 % (*) |
Schedule of interest rate risk | ◾ December 31, 2022 (Consolidated) scenarios Index risk Base Probable Possible Remote CDI - Interest earning bank deposits 64,158 8,758 10,948 13,137 CDI - Loans and Financing (717,418) (97,928) (122,410) (146,892) CDI - Debentures (600,720) (81,998) (102,498) (122,997) Net exposure (1,253,980) (171,168) (213,960) (256,752) ◾ December 31, 2021 (Consolidated) scenarios Index risk Base Probable Possible Remote CDI - Interest earning bank deposits 61,461 5,685 7,106 8,528 CDI - Loans and Financing (155,304) (14,366) (17,958) (21,549) Net exposure (93,843) (8,681) (10,852) (13,021) |
Schedule of non-derivative financial liabilities per maturity intervals, corresponding to balance sheets' remaining period until contract maturity date | <1 year 1-2 years 2-5 years >5 years Total December 31, 2022 Loans and financing 67,656 113,529 536,233 — 717,418 Loans and financing (interest) 9,682 16,246 76,735 — 102,663 Debentures 84,187 169,806 346,727 — 600,720 Lease liabilities 16,700 24,385 11,240 — 52,325 Suppliers and other accounts payable 182,956 4,305 — — 187,261 361,181 328,271 970,935 — 1,660,387 December 31, 2021 Loans and financing 60,755 33,264 61,285 — 155,304 Loans and financing (interest) 5,972 3,270 6,024 — 15,266 Lease liabilities 12,252 8,621 15,740 — 36,613 Suppliers and other accounts payable 39,573 — — — 39,573 118,552 45,155 83,049 — 246,756 (*) In order, the amounts above refers to agreement nominal amount, however, they not represent of Financial and accounting position as financial statement. |
Schedule of financial leverage ratio | The financial leverage ratio on December 31, 2022 and December 31, 2021 can be summarized as follows: December 31, December 31, Consolidated financial information 2022 2021 Loans and financing and debentures 764,477 186,971 Less: cash and cash equivalents (271,607) (118,918) Net bank loans and financing 492,870 68,053 Total shareholders’ equity 447,088 337,918 Total capital 939,958 405,971 Leverage ratio 52.4 % 16.8 % |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents | |
Schedule of cash and cash equivalents | Consolidated December 31, December 31, 2022 2021 Cash and banks 207,449 57,457 Interest earning bank deposits 64,158 61,461 271,607 118,918 |
Trade and other receivables (Ta
Trade and other receivables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other receivables | |
Schedule of trade and other receivables | December 31, December 31, 2022 2021 Trade notes receivable - domestic operations 78,801 53,711 Trade notes receivable - foreign operations 536,564 153,549 615,365 207,260 Provision for trade notes receivable - domestic operations 74,533 28,588 Provision for trade notes receivable - foreign operations 17,495 — 92,028 28,588 707,393 235,848 Allowance for expected losses - doubtful accounts (4,413) (1,560) 702,980 234,288 |
Tax assets (Tables)
Tax assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Tax assets | |
Tax assets | Consolidated December 31, December 31, 2022 2021 Prepaid Income tax and social contribution (IR/CS) 9,242 4,895 9,242 4,895 Current 6,388 4,895 Non-current 2,854 — 9,242 4,895 Consolidated December 31, December 31, 2022 2021 Recoverable INSS (Social security tax) withheld 3,552 2,545 Recoverable PIS (Tax on sales) 230 65 Recoverable COFINS (Tax on sales) 1,062 299 Recoverable ICMS (State VAT) 214 95 IRRF (Withholding income tax) to offset 23,958 9,691 Other taxes recoverable 1,116 613 30,132 13,308 Current 29,740 13,308 Non-current 392 — 30,132 13,308 |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Business combinations | |
Schedule of joint venture | December 31, 2022 Current assets 28,036 Non-Current Assets 461 Total Assets 28,497 Current Liabilities 9,327 Non-Current Liabilities 3,931 Total Liabilities and Shareholders' Equity 13,258 Total identifiable net assets 15,239 50% share 7,620 December 31, 2022 Net operating revenue 20,181 Cost of services provided (1,689) Gross profit 18,492 General, administrative and sales (8,931) Operating profit before financial result 9,561 Financial result 195 Financial income 195 Current taxes (2,498) Net profit 7,258 50% share 3,628 |
Schedule of interest acquired | Base date Target Company Interest acquired (%) Jan 2021 JM Serviços Integrados Ltda 70 Jan 2021 Lacerda e Lacerda Serv TR Emerg Amb Ltda 70 Jan 2021 MDTEC Engenharia e Serviços Ltda 100 Feb 2021 Enviroclear Site Services Limited 100 Feb 2021 Orion Environmental Services Ltda 100 Jun 2021 EMS Environmental, Inc 100 July 2021 ControlPar Participações S.A. 70 July 2021 Swat Consulting Inc. 100 July 2021 Professional Emergency Resource Services 100 July 2021 SABI Tech S.A.S - Suatrans Chile 100 Aug 2021 Fênix Emergências Ambientais Ltda 100 Aug 2021 APW Ambiental e Transporte Ltda. 100 Sep 2021 Emerge Hydrovac Inc, 100 Sep 2021 Lynx Creek Industrial & Hydrovac Ltd, 100 Sep 2021 Lehane Environmental & Industrial Services Ltd 100 Jan 2022 Dracares Apoio Marítimo e Portuário Ltda. 51 Jan 2022 Flyone Serviço Aéreo Especializado, Comércio e Serviço Ltda 51 Jan 2022 RG Consultoria Técnica Ambiental S.A. 51 Feb 2022 First Response Inc 100 Jun 2022 Bioenv Análises e Monitoramento Ambiental Ltda 51 Jun 2022 Ambipar Response Analytical S/A. 51 July 2022 Ambipar Response Fauna e Flora Ltda. 100 July 2022 Graham Utility Hydrovac Services 100 July 2022 Ambipar Response Tank Cleaning S/A 51 Aug 2022 Ridgeline Canada Inc. 100 Nov 2022 Witt O´Briens LLC 100 |
Schedule of assets and liabilities acquired at fair value | First Response Dracares Flyone RG Analitycal CTA Graham C-Tank Ridgeline Witt O’Briens (d) Total Assets and liabilities acquired at fair value (a) Current assets Cash and cash equivalentes — 985 3,125 2,843 889 387 2,172 8,866 — 11,139 30,406 Trade and other receivables 13,223 4,249 2,109 907 824 279 2,048 7,262 51,455 480,964 563,320 Inventories 628 2,012 — — — — — 722 313 — 3,675 Related parties loans — — — — — — — — — — — Other Assets 382 10,079 16,854 243 42 42 — 5,539 25,305 3,531 62,017 Non-Current assets Deferred taxes — — — — — — — — — — — Other Assets — 3,642 4,190 — 1,000 1,753 3,709 25 361 840 15,520 Permanent Investments — — — — — — — — — 6,583 6,583 Property, Plant and Equipment 4,275 20,366 36,657 689 149 3,534 414 6,313 3,534 18,844 94,775 Intangible assets — — 4 — — — — 47 15,322 183,620 198,993 Separately Identified Intangibles — — 6,385 — — — 6,514 — 23,822 356,083 392,804 Intangibles - workforce — — — — — — — — — 24,001 24,001 Added Value of Fixed Assets — — 16,865 1,351 — — 116 — — — 18,332 Current liabilities Trade and other payables (1,257) (1,243) (6,306) (14) (19) (476) (19) (1,210) (29,202) (78,199) (117,945) Loans and Financing — (1,787) (6,716) (224) (81) — (74) (397) — — (9,279) Employee benefits — (862) (123) (79) (81) (270) 413 (1,604) (127) (63,183) (65,916) Current income tax payable (216) (1,429) (7,073) (60) (169) (592) (392) (2,264) — (1,379) (13,574) Related parties loans — — — — — — — — — — — Other liabilities (1,502) (10,351) (1,466) (2,071) (144) (355) (4,818) (4) (1,711) (9,013) (31,435) Non-current liabilities — — Loans and Financing — (2,439) (7,724) — — (78) (330) (836) (11,353) — (22,760) Other liabilities — (61) (3,841) — — (29) 227 (351) (2,247) (7,167) (13,469) (-)Deferred taxes on Added Value — — (7,905) (459) — — (2,254) — (8,099) (129,229) (147,946) Attributable to the non-controlling Shareholders of the Group — (3,999) — — — — — — — — (3,999) Total identifiable net assets at fair value 15,533 19,162 45,035 3,126 2,410 4,195 7,726 22,108 67,373 797,435 984,103 Attributable to the Controlling Shareholders of the Group 15,533 9,773 22,968 1,594 1,229 4,195 7,726 11,275 67,373 797,435 939,101 Attributable to the non-controlling Shareholders of the Group — 9,389 22,067 1,532 1,181 — — 10,833 — — 45,002 Total amount of the consideration transferred 69,223 86,684 50,000 19,905 2,606 24,566 29,668 35,329 134,323 998,450 1,450,755 (-) Cash acquired — (985) (3,125) (2,843) (889) (387) (2,172) (8,866) — (11,139) (30,406) (-) Assumed amount of the obligation to pay (40,907) — (25,000) (10,000) (803) (14,620) (10,387) (17,850) (52,915) (157,827) (330,309) Cash paid, net of cash received (b) (c) 28,316 85,699 21,875 7,062 914 9,559 17,109 8,613 81,408 829,484 1,090,040 Primary — 1,000 1,000 Secondary 69,223 86,684 50,000 19,905 1,606 24,566 29,668 35,329 134,323 998,450 1,449,755 Total amount of the consideration transferred 69,223 86,684 50,000 19,905 2,606 24,566 29,668 35,329 134,323 998,450 1,450,755 First Response Dracares Flyone RG Analitycal CTA Graham C-Tank Ridgeline Witt O’Briens (d) Total Determining goodwill from expected future profitability (a) Total amount of the consideration transferred, Net 69,223 86,684 50,000 19,905 2,606 24,566 29,668 35,329 134,323 998,450 1,450,755 Added Value — (3,480) — — — — — — — — (3,480) Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group (15,533) (9,773) (22,968) (1,594) (1,229) (4,195) (7,726) (11,275) (67,373) (797,435) (939,101) Goodwill paid resulting from expected future profitability 53,690 73,431 27,032 18,311 1,377 20,371 21,942 24,054 66,950 201,015 508,174 Date of acquisition 01/02/2022 16/02/2022 18/03/2022 18/03/2022 28/06/2022 06/07/2022 11/07/2022 26/07/2022 02/08/2022 24/10/2022 02/2022 01/2022 01/2022 01/2022 06/2022 07/2022 07/2022 07/2022 08/2022 10/2022 Company that acquired control Ambipar Holding Canadá Emergência Participações S.A. Emergência Participações S.A. Emergência Participações S.A. Ambipar Response Espírito Santo S.A. Ambipar Response Espírito Santo S.A. Ambipar Holding Canadá Emergência Participações S.A. Ambipar Holding Canadá Ambipar Holding USA, INC Aquisition Value CAD $ 16,625 R$ 86,684 R$ 50,000 R$ 19,905 R$ 2,606 R$ 24,366 CAD $ 7,200 R$ 35,000 CAD $ 33,000 $ 184,673 Percentage acquired 100 % 51 % 51% 51% 51% 100% 100% 51 % 100% 100 % (a) On the acquisition date, even though the Company evaluates the base date of the initial balance sheet of the acquired companies for purposes of determining the allocation of the purchase price and goodwill (discount). These acquisitions have provisional reports. The value of goodwill based on expected future profitability calculated for these acquisitions on December 31, 2022 was in the amount of R$ 508,174 , which differ from the reported Goodwill additions in Note 9 of R$ 516,088 , which consider goodwill with a functional currency in another jurisdiction, with exchange variation restated at the closing rate. (b) The acquisitions with control of the investees were carried out in early January 2022 (1Q2022) and in June 2022 (2Q2022), through a binding agreement with the transfer of control of the investees, while negotiating contractual clauses and the complete transfer of resources resulting from the defined payment installments. (c) In 2022, the Group spent BRL 1,090,040 , on company acquisitions, as mentioned in the cash flow statement, on investment activities, from business combinations. (d) The Company has joint control of O'Brien's do Brasil Consultoria em Emergências e Meio Ambiente S.A., with a 50% voting interest, and, pursuant to contractual agreements, unanimous consent is required between all parties to the agreement for all relevant activities. The joint agreement is structured as a limited liability company and entitles the Company and the parties to the agreement to the net assets of the limited liability company. For this reason, this arrangement is classified as a joint venture. December 31, 2021: Orion EMS Enviroclear (Canadá) Environmental SABI SWAT Controlpar PERS Lynx Emerge Lehane Others (c) Total Assets and liabilities acquired at fair value (a) Current assets Cash and cash equivalentes 1,718 (2,548) 736 72 12,546 6,459 2,033 552 2,206 6,798 3,401 33,973 Trade and other receivables 22,409 11,165 3,916 4,489 1,674 8,338 471 6,230 8,746 6,252 2,055 75,745 Inventories 190 — — 503 — 236 38 — — — — 967 Related parties loans — — — — — 8,933 — — — — 246 9,179 Other assets 983 2,498 63 19 454 9,584 7 — 24 1,927 1,223 16,782 Non-Current assets Deferred taxes — 1,133 — 10 — — — — — 728 — 1,871 Other assets — — 48 1,103 4 1,143 — — — — — 2,298 Investiments — — — — — 4,055 — — — — — 4,055 Property, Plant and Equipment 32,518 39,685 1,041 2,322 3,060 5,787 199 6,024 14,077 24,137 5,933 134,783 Intangible assets 1,572 — — 3,611 — 1,195 — — — — — 6,378 Current liabilities Trade and other payables (9,269) (7,377) (624) (1,108) (586) (2,719) (5) (2,533) (3,300) (2,070) (874) (30,465) Loans and Financing (11,857) (27,550) — (2,095) — (3,396) — (77) (21) — (1,119) (46,115) Employee benefits (1,533) (524) — (856) — (3,354) (360) (143) — — (257) (7,027) Current income tax payable (3,987) (2,839) — (695) 22 (3,016) (4) (865) (94) (953) (4,102) (16,533) Related parties loans — — — — (122) — — — — (239) (361) Other liabilities (10,949) (1,107) 1 (375) (36,242) (2,145) (124) (36) — (380) (1,516) (53,473) Non-current liabilities Loans and Financing (4,699) (6,906) — (3,083) — (2,210) — (1,849) (1,860) — — (20,607) Trade and other payables (13,230) (3,492) — (945) (1,644) (216) — (1,809) (10,581) — — (31,917) Total identifiable net assets (liabilities) at fair value 3,866 1,538 5,181 2,972 (20,712) 28,552 2,255 5,494 9,197 36,439 4,751 79,533 Net amount of assets acquired and liabilities assumed at fair value: Attributable to the Controlling Shareholders of the Group 3,866 1,538 5,181 2,972 (20,712) 19,986 2,255 5,494 9,197 36,439 4,301 70,517 Attributable to the non-controlling Shareholders of the Group — — — — — 8,566 — — — — 450 9,016 Total amount of the consideration transferred 36,534 72,390 15,006 13,363 23,201 61,946 27,144 18,922 28,300 51,923 43,624 392,353 (-) Cash acquired (1,718) 2,548 (736) (72) (12,546) (6,459) (2,033) (552) (2,206) (6,798) (3,401) (33,973) (-) Assumed amount of the obligation to pay (22,059) (55,297) (11,255) — (13,598) (31,946) (13,572) (9,461) (14,150) (15,588) (28,745) (215,671) Cash paid, net of cash received (b) 12,757 19,641 3,015 13,291 (2,943) 23,541 11,539 8,909 11,944 29,537 11,478 142,709 Orion EMS Enviroclear (Canadá) Environmental SABI SWAT Controlpar PERS Lynx Emerge Lehane Others (c) Total Determining goodwill from expected future profitability (a) Total amount of the consideration transferred, Net 36,534 72,390 15,006 13,363 23,201 61,946 27,144 18,922 28,300 51,923 43,624 392,353 Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group (3,866) (1,538) (5,181) (2,972) 20,712 (19,986) (2,255) (5,494) (9,197) (36,439) (4,301) (70,517) Goodwill paid resulting from expected future profitability 32,668 70,852 9,825 10,391 43,913 41,960 24,889 13,428 19,103 15,484 39,323 321,836 Date of acquisition 04/02/2021 11/02/2021 25/06/2021 04/07/2021 06/07/2021 29/07/2021 30/07/2021 01/09/2021 08/09/2021 20/09/2021 (c) 02/2021 02/2021 06/2021 07/2021 07/2021 07/2021 07/2021 09/2021 09/2021 09/2021 (c) Company that acquired control Ambipar Holdings UK Ambipar Holding Canadá Ambipar Holding USA, Inc. Suatrans Chile S.A. Ambipar Holding USA, Inc. Emergência Participações S.A. Ambipar Holding USA, Inc. Ambipar Holding Canadá Inc. Ambipar Holding Canadá Inc. Ambipar Holdings UK Limited. Emergência Participações S.A. Aquisition Value £ 4.649 CAD 15.971 U$ 3.000 CLP 1.949.895 U$ 4.530 R$ 61.946 U$ 5.300 CAD 4.407 CAD 6.592 € 8.244 R$ 43.624 Percentage acquired 100 % 100 % 100 % 100 % 100 % 70 % 100 % 100 % 100 % 100 % Controle (a) On the acquisition date, although the Group assesses the base date of the initial balance sheet of the acquirees for the purpose of determining the allocation of the purchase price and goodwill (negative goodwill). These acquisitions have a final report. The goodwill for expected future profitability in 2021 was R$ 321,836 (R$ 178,590 in 2020 and R$ 16,658 on January 1st, 2020). (b) In 2021, the Group spent BRL 286,134 on company acquisitions, as mentioned in the cash flow statement, on investment activities, from business combinations. (c) The information under “Others” corresponds to the following acquisitions: JM Serviços (at 12/31/2021), Lacerda & Lacerda (at 12/31/2020), MDTec Engenharia (at 01/11/2021), Fenix Emergency (at 08/06/2021) and APW Ambiental (at 08/26/2021). |
Schedule of acquired companies contributed with the net revenue and profit to the Group's results | Consolidated December 31, 2022 December 31, 2021 December 31, 2020 Net Profit for Net Profit for Net Profit for Revenue the year Revenue the year Revenue the year First Response Inc 106,978 38,159 — — — — Flyone Serviço Aéreo Especializado, Comércio e Serviço Ltda 55,900 2,750 — — — — Dracares Apoio Marítimo e Portuário Ltda. and MB Transportes Aquaviários Ltda 61,430 10,479 — — — — RG Consultoria Técnica Ambiental S.A. and RG Consultoria Técnica Ambiental Brasil Ltda 9,314 1,596 — — — — Ambipar Response Analytical S/A. 3,021 693 — — — — Ambipar Response Fauna e Flora Ltda. 25,080 (5,775) — — — — Graham Utility Hydrovac Services 4,209 211 — — — — Ambipar Response Tank Cleaning S/A 60,484 43,059 — — — — Ridgeline Canada Inc. 45,468 6,647 — — — — Witt O´Briens LLC 168,462 18,342 — — — — JM Serviços Integrados Ltda — — 5,813 (3,345) — — Lacerda e Lacerda Serv TR Emerg Amb Ltda — — 11,697 6,131 — — MDTEC Engenharia e Serviços Ltda — — 4,001 512 — — Enviroclear Site Services Limited — — 41,686 2,238 — — Orion Environmental Services Ltd. — — 39,074 22,721 — — One Stop Environmental, LLC — — — — 33,398 25,482 IntraCoastal Invironmental, LLC — — — — 25,482 8,716 540,345 116,161 102,271 28,257 58,880 34,198 |
Schedule of management estimation on the combined revenue and profit for the year | Consolidated December 31, 2022 December 31, 2021 December 31, 2020 Net Revenue 1,386,169 160,490 87,530 Profit for the year 243,894 28,298 17,523 |
Schedule of shareholders' equity of the acquired companies, attributed to non-controlling companies | December 31, 2022 Valor % Dracares 9,389 49 Flyone 22,067 49 RG Consultoria 1,532 49 Bioenv 1,181 49 C-Tank 10,833 49 Total 45,002 |
Schedule of payment schedule for obligations due to investment acquisition | Year of maturity Consolidated 2023 129,198 2024 88,278 2025 5,950 223,426 Current 129,198 Non-current 94,228 |
Schedule of movement of joint venture | Exchange Equity on Transferred Other Fiscal Year variation of Equity on December 31, 2021 consideration Transactions Result investments abroad December 31, 2022 Joint venture Joint venture: O'Brien's do Brasil (a) — 6,583 (2,342) 3,628 (249) 7,620 7,620 (a) See the joint venture (joint venture) as described in Note 7; |
Property, plant and equipment (
Property, plant and equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment | |
Summary of changes in property, plant and equipment | December 31, 2022 Machinery and IT Furniture and Leasehold Works in Buildings Facilities equipment equipment fixtures Vehicles improvements progress Vessels Aircraft Total Cost Opening balance 20,712 229 197,984 6,503 7,115 265,670 10,228 46,441 6,084 — 560,966 Transfers 6,048 97 (22,914) (950) 507 (8,094) 21,109 (31,180) 4,473 (30) (30,934) Additions 2,268 96 75,884 3,137 2,251 90,168 10,894 30,631 642 17,335 233,306 Write-offs (1,531) — (14,254) (2,304) (116) (10,856) (969) (9,871) (3,821) — (43,722) Initial purchase amount 1,707 — 14,956 13,048 863 10,456 541 4,667 19,341 39,887 105,466 Business combination (*) 15 — 4,304 26 61 1,785 — — 5,837 16,422 28,450 Exchange-rate change (2,403) — (15,699) (714) (472) (21,448) (337) (3) (323) — (41,399) Balance 26,816 422 240,261 18,746 10,209 327,681 41,466 40,685 32,233 73,614 812,133 Accumulated depreciation Opening balance (5,951) (64) (101,224) (3,099) (5,232) (142,749) (5,288) — (963) — (264,570) Transfers (3,875) — 14,434 229 (157) (3,821) (66) — — 9 6,753 Depreciation (2,696) (31) (22,120) (1,390) (1,168) (31,784) (4,942) — (960) (3,645) (68,736) Write-offs 919 — 12,829 1,085 260 6,798 955 — 604 — 23,450 Initial purchase amount (53) — (2,950) (7,194) (212) (4,544) (246) — (4,590) (5,419) (25,208) Business combination (*) (1) — (92) (5) (2) (116) — — (292) (1,369) (1,877) Exchange-rate change 2,368 — 14,586 441 472 15,958 257 — 54 — 34,136 Balance (9,289) (95) (84,537) (9,933) (6,039) (160,258) (9,330) — (6,147) (10,424) (296,052) Cost 26,816 422 240,261 18,746 10,209 327,681 41,466 40,685 32,233 73,614 812,133 Depreciation and amortization (9,289) (95) (84,537) (9,933) (6,039) (160,258) (9,330) — (6,147) (10,424) (296,052) 17,527 327 155,724 8,813 4,170 167,423 32,136 40,685 26,086 63,190 516,081 (*) purchase of investees conforms informed in note 7. |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets | |
Summary of changes in intangible assets | December 31, 2022 Trademarks and Client Non patents Software portfolio Goodwill Know-how Compete Total Cost Opening balance 2,315 9,353 2,074 585,746 — — 599,488 Transfers (3,884) (1,327) 3,724 (17,510) — — (18,997) Additions — 1,276 — 516,088 — — 517,364 Write-offs (3,847) (2,801) (182) — — — (6,830) Business combination(*) 12,238 33,141 — 154,122 — — 199,501 Fair value added value 30,405 — 340,303 24,001 10,237 2,895 407,841 Exchange-rate change (647) (1,739) (285) (70,145) — — (72,816) Closing balance 36,580 37,903 345,634 1,192,302 10,237 2,895 1,625,551 Accumulated amortization Opening balance — (3,892) (218) — — — (4,110) Transfers — 1,356 — — — — 1,356 Additions — (848) (69) — — — (917) Write-offs — 811 — — — — 811 Business combination — (509) — — — — (509) Fair value added value (1,248) — (6,618) — (1,775) (291) (9,932) Exchange-rate change 9 176 64 — — — 249 Closing balance (1,239) (2,906) (6,841) — (1,775) (291) (13,052) Cost 36,580 37,903 345,634 1,192,302 10,237 2,895 1,625,551 Accumulated amortization (1,239) (2,906) (6,841) — (1,775) (291) (13,052) 35,341 34,997 338,793 1,192,302 8,462 2,604 1,612,499 (*) On July 11, 2014, the subsidiary Witt O'Briens acquired the controlling stake in Witt O'Brien's, a global leader in preparedness, crisis management and disaster response and recovery, through the acquisition of a stake in 45.8% of its partner for $35.4 million in cash. The Company performed a fair value analysis and the purchase price was allocated to the acquired assets and liabilities based on their fair values, resulting in US$48.1 million of recorded goodwill. In October 2016, Witt O'Brien's announced the launch of a strategic growth program to focus on core services, eliminating non-core and lower margin businesses. Witt O'Brien's core services include providing resiliency solutions to key areas of critical infrastructure, including but not limited to government, energy, transportation, healthcare, and education, in the United States and abroad. Witt O'Brien's protects and enhances its customers' business value by strengthening their ability to prepare for, respond to and recover from natural and man-made disasters, including hurricanes, infectious diseases, terrorism, cyber breaches, oil spills, incidents browsing and other interruptions. Operations scheduled for disposal include a government relations unit, the Company's operations in Europe (mainly the UK), software products and an insurance unit. As a result of the restructuring, during the year ended December 31, 2016, Witt O'Brien's identified indicators of impairment for some of its intangible assets and goodwill, resulting in impairment charges of US$29.6 million. The estimates and assumptions used by the Company for its annual goodwill impairment test are typically developed as part of the Company's routine business planning and forecasting process. Although the Company believes that its assumptions and estimates are reasonable, the Company's actual performance in relation to its estimates may produce different results and lead to additional impairment losses in future periods. December 31, 2021 Trademarks and Client Research and patents software portfolio Goodwill Know-how development Total Cost Opening balance 1,087 2,454 351 222,319 — 221 226,432 Transfers — — — — — — — Additions 139 1,683 — 347,453 — — 349,275 Write-offs — (455) — — — (232) (687) Business combination 1,089 5,594 1,800 — — — 8,483 Exchange-rate change — 77 (77) 15,974 — 11 15,985 Closing balance 2,315 9,353 2,074 585,746 — — 599,488 Accumulated amortization Opening balance — (1,615) — — — (210) (1,825) Transfers — — — — — — — Additions — (120) — — — — (120) Write-offs — — — — — 219 219 Fair value added value — (1,877) (228) — — — (2,105) Exchange-rate change — (280) 10 — — (9) (279) Closing balance — (3,892) (218) — — — (4,110) Cost 2,315 9,353 2,074 585,746 — — 599,488 Accumulated amortization — (3,892) (218) — — — (4,110) 2,315 5,461 1,856 585,746 — — 595,378 |
Summary of carrying amounts of intangible assets | December 31, December 31, Carrying amounts 2022 2021 Indefinite life 1,227,643 588,061 Definite life 384,856 7,317 1,612,499 595,378 |
Summary of amortization rates of intangible assets | Annual Useful life amortization Assets (in years) rate (%) Trademarks and patents (*) Right-of-use of software 5 20 % Research and development 2 50 % Goodwill (*) Client portfolio 2 50 % Workforce 5 20 % Non Compete 5 20 % (*) Undefined useful life |
Loans and financing (Tables)
Loans and financing (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Loans and financing | |
Schedule of Breakdown | December 31, 2022 December 31, 2021 Financial charges – % Non- Non- Description p,a, (*) Maturity Current current Current Current Working capital 0.68 + CDI and 6,36 March 2027 39,103 558,608 44,181 44,792 Investment financing 14.04 December 2027 25,329 83,375 14,973 46,028 Financial leases liabilities 13.95 September 2027 3,224 7,779 1,601 3,729 67,656 649,762 60,755 94,549 (*) Effective weighted average annual cost of interest on December 31, 2022. |
Schedule of Reconciliation of movements of liabilities to cash flows arising from financing activities | Balance at January 1 st , 2022 155,304 Borrowing 446,870 Interest expense 27,329 Principal paid (63,985) Interest paid (12,126) Business Combination 32,040 Cash for asset acquisition – non-cash event 138,834 The effect of changes in foreign exchange rates (6,848) Balance at December 31, 2022 717,418 Balance at January 1 st , 2021 73,691 Borrowing 50,620 Interest expense 7,454 Principal paid (52,152) Interest paid (5,985) Business Combination 59,456 Cash for asset acquisition – non-cash event 19,818 The effect of changes in foreign exchange rates 2,402 Balance at December 31, 2021 155,304 |
Schedule of Payment schedule of installments of non-current liabilities | December 31, December 31, Year of maturity: 2022 2021 2023 — 33,264 2024 59,026 28,137 2025 58,229 23,743 2026 44,016 9,405 2027 489,449 — 2028 6,492 — 657,212 94,549 Funding cost (non-current) (7,450) — 649,762 94,549 |
Debentures (Tables)
Debentures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Debentures | |
Schedule of breakdown of debentures | Financial Current Non Current Description charges - % p,a, Mature December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Debentures CDI + 2.65 and 3.5 September 2028 84,187 — 516,533 — 84,187 — 516,533 — |
Schedule of payment schedule of installments for non-current liabilities | Year of maturity: December 31, 2022 2023 — 2024 55,250 2025 117,750 2026 117,738 2027 117,756 2028 117,756 Total 526,250 Funding cost (long term) (9,717) 516,533 (*) |
Trade and other payables (Table
Trade and other payables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other payables | |
Schedule of Trade and other payables | Current December 31, 2022 December 31, 2021 Trade payables – supply chain financing arrangement - domestic operations 10,562 1,145 Trade payables – supply chain financing arrangement - foreign operations 136,049 38,428 146,611 39,573 |
Tax payable (Tables)
Tax payable (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Tax payable | |
Schedule of Current income tax and social contribution payable | December 31, 2022 December 31, 2021 Income tax 10,182 6,490 Social contribution 2,816 382 12,998 6,872 |
Schedule of Other tax payable | December 31, 2022 December 31, 2021 Non- Non- Current current Current current PIS 1,669 — 668 — COFINS 7,675 — 3,075 — ICMS 173 — 75 — ISS 1,111 — 583 — IVA 18,098 — 8,433 — Other taxes 3,561 818 4,331 — Reassessment tax 745 7,168 13 4,065 IRRF 687 — 500 — 33,719 7,986 17,678 4,065 |
Schedule of Balance of installment payments | December 31, 2022 December 31, 2021 Current Non-current Current Non-current Simples National 6 1,168 — 1,285 Social Security - PGFN — 296 — 328 Other PGFN debits 560 4,978 — 2,056 Social Security - RFB 54 428 — 139 Other RFB debits — 63 — — Installment payment - INSS 83 — 13 124 PIS installment payment — 13 — 20 COFINS Installment — 90 — 94 Installment payment - IRRF — 11 — 13 ISS installment payment — 64 — — Other 42 57 — 6 745 7,168 13 4,065 |
Leases liabilities (Tables)
Leases liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Leases liabilities | |
Summary of lease liabilities | Unwinding interest from Net lease Lease liabilities lease agreements liability Opening balance as of January 1 st , 2022 36,613 (4,946) 31,667 Additions 35,752 (3,162) 32,590 Business combination 15,908 (1,298) 14,610 Payments - Principal (32,802) — (32,802) Interest payment (2,363) (37) (2,400) Interest appropriation — 4,183 4,183 Exchange-rate change (783) (6) (789) Balance at December 31, 2022 52,325 (5,266) 47,059 Current 16,700 (2,289) 14,411 Non-current 35,625 (2,977) 32,648 Unwinding interest from lease Lease liabilities agreements Net lease liability Opening balance as of January 1 st , 2021 10,070 (1,129) 8,941 Additions 25,414 (4,133) 21,281 Business combination 4,716 (864) 3,852 Payments - Principal (6,820) — (6,820) Interest payment (573) — (573) Interest appropriation — 1,180 1,180 Exchange-rate change 3,806 — 3,806 Balance at December 31, 2021 36,613 (4,946) 31,667 Current 11,599 (1,964) 9,635 Non-current 25,014 (2,982) 22,032 |
Provision for contingencies a_2
Provision for contingencies and judicial deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Provision for contingencies and judicial deposits | |
Summary of liabilities, and corresponding judicial deposits, related to contingencies | December 31, 2022 December 31, 2021 Judicial Provision for Judicial Provision for deposits contingencies deposits contingencies Probable contingencies: Labor and social security contingencies 826 607 147 181 826 607 147 181 |
Summary of changes in provision for contingencies | Consolidated (=) Balance at January 1st, 2021 (combined) 546 (+) Provisions made during the year 63 (-) Provisions reversed during the year (26) (-) Provisions used during the year (402) (=) Balance at December 31, 2021 (consolidated) 181 (+) Provisions made during the year 518 (-) Provisions used during the year (92) (=) Balance at December 31, 2022 (consolidated) 607 |
Related parties (Tables)
Related parties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Related parties | |
Summary of transaction with related parties | Consolidated December 31, December 31, 2022 2021 Assets: Loan (non-current): Ambipar Participações e Empreendimentos S.A. 4,500 4,508 Ambipar Environment Reverse Manufacturing S.A. 34 622 Ambipar R&D Pesquisa e Desenvolvimento Ltda 43 48 Ambipar Logísticas Ltda 1,815 14,477 Environmental ESG Participações S.A. 9,095 532 Ambipar Eco Products S.A. 2,229 2,261 Ambipar Workforce Solution Mão de Obra Temp. Ltda 6,078 5,759 Ambipar Environmental Solutions - Soluções Ambientais Ltda 1,154 5,037 Ambipar Environment Waste Logistics Ltda 943 1,352 Amazon Resíduos Ltda — 127 Disal Perú S.A.C — 3 Ambipar Insurance - Corretora de Seguros LTDA 42 — Ambipar Coprocessing Ltda 2 — Disal Chile Servicios Integrales Ltda 49 — Ambipar Bank Intermediação de Negócios, Pagamentos e Participações S.A. 196 — 26,180 34,726 Liabilities: Dividends payable: Controlling shareholder 69,509 31,154 Non-controlling shareholders 7,400 315 76,909 31,469 Loan (non-current): Ambipar Participações e Empreendimentos S.A. 703,165 470,824 Ambipar Eco Products S.A. 2,212 240 Ambipar Environment Waste Logistics Ltda 1,088 1,088 Ambipar Environmental Solutions - Soluções Ambientais Ltda 1,332 61 Environmental ESG Participações S.A. 9,731 9,595 Disal Chile Sanitarios Portables Ltda 199 340 Gestión de Servicios Ambientales S.A.C. 165 13 Ambipar R&D Pesquisa e Desenvolvimento Ltda 58 — Ambipar Logístics Ltda 2,014 — Ambipar Green Tech Ltda 19 — Ambipar Compliance Solutions S.A. 3 — Ambipar Environmental Centroeste S.A. 4 — Ambipar Worforce Solution Mão de Obra Temporária Ltda 5,578 — Ambipar Environment Reverse Manufacturing S.A. 1 — Brasil Coleta Gerenciamento de Resíduos Ltda 700 — Ambipar Bank Intermediação de negócios, pag e Part S.A. 43,523 — 769,792 482,161 Remuneration of key personnel 35,263 7,631 December December December 31, 2022 31, 2021 31, 2020 Statement of income (business transactions) Net Revenues Disal Chile Sanitarios Portables Ltda, 24 47 51 Ingeniería en Sanitización S.A. — — 1 Ingeclean Perú SAC — — 7 Gestión de Servicios Ambientales SAC — — 50 Inmobiliaria e Inversiones D&G Ltda, — — 28 24 47 137 Costs Disal Chile Sanitarios Portables Ltda, — — (14) Ingeniería en Sanitización S.A. — — — Gestión de Servicios Ambientales SAC — — (191) Inversiones Algarrobo S.A. — — (296) — — (501) Net Income (loss) 24 47 (364) |
Shareholders' equity (Tables)
Shareholders' equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Shareholders' equity | |
Summary of appropriation in unrealized profit reserve | December 31, 2021 Net income for the year 131,116 Destination of the legal reserve (5%) (31,154) Distribution of income for the year (6,556) Appropriation in unrealized profit reserve 93,406 December 31, 2022 Net income for the year 161,493 Destination of the legal reserve (5%) (38,355) Distribution of income for the year (8,075) Appropriation in unrealized profit reserve 115,063 |
Summary of earning per share | December December Earning per share December 31, 2022 31, 2021 31, 2020 Earnings per share operations attributable to shareholders of the parent company before deductions 187,874 138,142 66,054 Number of ordinary shares 261,920,439 48,615,599 36,898,917 Basic earnings per share (in Reais) 0.72 2.84 1.79 Diluted earnings per share (in Reais) 0.72 2.84 1.79 |
Summary of capital transaction | Response Inversiones Disal Emergencias Assets and liabilities acquired at fair value (*) Cash and cash equivalents 1,005 Other assets 25,650 Other liabilities (326) Total identifiable net assets 26,329 Total amount of consideration transferred 144,430 (-) Cash acquired (1,005) (-) Assumed value of the obligation to pay — Cash paid, net of cash received/receivable 143,425 Determination of goodwill(*) Total amount of consideration, net 144,430 Total identifiable net assets (26,329) Goodwill paid on expected future profitability 118,101 Date of additional acquisition 06/28/2021 Company that acquired control Emergência Participações S.A. Value of acquisition US$26,185 (thousand) Percentage acquired 99.99 % |
Segment reporting (Tables)
Segment reporting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment reporting | |
Schedule of segment information of net revenue and non-current assets by region | December December December 31, 2022 31, 2021 31, 2020 Net Revenue Brazil 534,113 210,397 156,250 Latin America (Other than Brazil) 186,156 144,410 104,809 Europe 175,091 132,617 34,041 North America 789,536 334,779 69,184 Total 1,684,896 822,203 364,284 December December December 31, 2022 31, 2021 31, 2020 Non current assets Brazil 629,055 289,761 107,122 Latin America (Other than Brazil) 45,073 42,875 15,260 Europe 111,350 115,550 7,981 North America 1,411,377 478,813 197,025 Total 2,196,855 926,999 327,388 |
Net Revenues (Tables)
Net Revenues (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Net Revenues | |
Schedule of net revenue disaggregated by geographical area | December 31, December 31, December 31, 2022 2021 2020 Net revenue in the domestic market (*) 534,113 210,397 156,250 Net revenue in the foreign market 1,150,783 611,806 208,034 Net revenue from services rendered 1,684,896 822,203 364,284 (*) Revenue represented by national (Brazil) clients. |
Costs and expenses by nature (T
Costs and expenses by nature (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Costs and expenses by nature | |
Schedule of costs and expenses by nature | December 31, December 31, December 31, 2022 2021 2020 Materials used in the provision of services (30,395) (32,036) (3,314) Personnel and labor charges (647,356) (317,749) (162,186) Fuels (58,115) (24,744) (1,764) Freight and tolls (17,181) (2,683) (1,958) Maintenance of machinery, apparatus and equipment and vehicles (58,022) (24,306) (3,608) Taxes (20,191) (10,099) (2,698) Rent and Condominium (11,936) (8,884) (4,606) Leasing of goods, vehicles, machinery and equipment (19,087) (14,294) (3,262) Telephony expenses (6,440) (2,011) (1,375) Travel expenses (33,215) (12,588) (6,258) Depreciation and amortization (112,029) (60,163) (22,519) Advertising and marketing (10,783) (3,399) (4,415) Third-party services (210,471) (89,455) (27,454) Other expenses (116,545) (41,762) (28,981) (1,351,766) (644,173) (274,398) Cost of services provided (1,337,749) (618,691) (256,147) General, administrative and sales (26,553) (26,837) (18,956) Other operating income (expenses), net 12,536 1,355 705 (1,351,766) (644,173) (274,398) |
Net financial income (Tables)
Net financial income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Net financial income | |
Schedule of net financial income | December 31, December 31, December 31, 2022 2021 2020 Financial income: Discounts obtained 800 82 81 Interest charged 820 830 348 Income from financial investments 6,441 3,714 1 Active exchange variation 315 5,636 6,481 Others 1,191 514 494 9,567 10,776 7,405 December 31, December 31, December 31, 2022 2021 2021 Financial expenses: Interest paid (4,732) (1,610) (1,942) Advance Fees — (978) (291) Interest on Right of Use (4,183) — — Interest on loans (27,329) (7,454) (3,848) Interest on debentures (52,371) — — Discounts given (1,529) (830) (331) Bank expenses (2,478) (362) (460) IOF (3,469) (1,108) (616) Intercompany interest (4,613) — — Exchange variation (8,518) (163) (5,644) Others (4,319) (299) (1,351) (113,541) (12,804) (14,483) (103,974) (2,028) (7,078) |
Income tax and social contrib_2
Income tax and social contribution (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income tax and social contribution | |
Schedule of breakdown of expense | December December December 31, 2022 31, 2021 31, 2020 Current income tax and social contribution (35,806) (23,773) (11,274) Deferred income tax and social contribution (9,104) (14,087) (5,480) Income tax and social contribution expense (44,910) (37,860) (16,754) |
Schedule of reconciliation of income tax and social contribution expenses | December31, December 31, December 31, 2022 2021 2020 Income before income tax and social contribution 232,784 176,002 82,808 Tax calculated based on current rates - 34% (79,147) (59,841) (28,155) Reconciliation: Equity in net income of subsidiaries 10,671 — — Recognition of deferred tax loss asset (16,434) 4,012 (847) Permanent difference adjustments in other jurisdictions 18,212 38,570 8,416 Adjustment in Tax regime Differences (13,115) — — Other adjustments in temporary and permanent differences 34,904 (20,601) 3,832 Income tax and social contribution (44,910) (37,860) (16,754) Effective rate of income tax and social contribution - % 19.3 % 21.5 % 20.2 % |
Schedule of deferred income tax and social contribution | Consolidated Tax bases - Assets December 31, 2022 December 31, 2021 Tax loss and negative basis 25,304 17,962 Temporary differences in another jurisdiction 25,770 8,470 Provisions - temporary differences 23,692 — 74,766 26,432 Income tax - 25% 18,692 6,608 Social contribution - 9% 6,728 2,379 Income tax and social contribution - assets 25,420 8,987 Consolidated Tax bases - Liabilities December 31, 2022 December 31, 2021 Provisions - temporary differences (124,671) (45,862) Temporary differences in another jurisdiction (436,602) (52,384) (561,273) (98,246) Income tax – 25% (140,318) (24,562) Social contribution - 9% (50,515) (8,842) Income tax and social contribution - liabilities (190,833) (33,404) |
Schedule of changes in deferred income tax and social contribution | Consolidated Changes December 31, 2022 December 31, 2021 Opening balance – assets, net of liabilities (24,417) (7,234) Realization to statement of income (9,104) (14,087) Other changes (131,892) (3,096) Closing balance – assets, net of liabilities (165,413) (24,417) |
Schedule of realization of deferred income tax and social contribution | Realization per annum December 31, 2022 December 31, 2021 2022 — 2,247 2023 6,355 2,247 2024 6,355 2,247 2025 6,355 2,246 2026 6,355 — 25,420 8,987 |
Cash flow information (Tables)
Cash flow information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Cash flow information | |
Schedule of investment and financing transactions that do not involve cash | December December December 31, 2022 31, 2021 31, 2020 Cash flow from investing activities Acquisition of property, plant, and equipment by financing 138,834 19,818 32,491 Balance payable for acquisition of investment (330,309) 185,412 77,072 (191,475) 205,230 109,563 Cash flow from financing activities Operational lease 32,590 22,851 526 Accumulated translation adjustment (92,593) 16,624 8,755 Participation of non-controlling (26,381) (18,623) 5,289 Proposed dividends (38,355) (31,155) — Capital increase with AFAC — 176,000 — Capital increase with investment receipt — 49,021 — (124,739) 214,718 14,570 |
General Information (Details)
General Information (Details) | 12 Months Ended | |||
Oct. 25, 2022 | Dec. 31, 2022 employee country item | Dec. 31, 2021 | Jun. 28, 2021 | |
Non-controlling interests | ||||
Number of bases | item | 300 | |||
Number of employees | employee | 5,000 | |||
Number of countries | country | 39 | |||
Inversiones Disal Emergencia | ||||
Non-controlling interests | ||||
Interest acquired (in percent) | 100% | |||
Emergncia Participaes S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Response Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Insurance Corretora de Seguros Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Ambipar Response Insurence-Atendimento a Seguros Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Suatrans Chile S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Suatrans Peru SAC | ||||
Non-controlling interests | ||||
Ownership held by Group | 99.78% | 99.78% | ||
Ownership interest | 0.22% | 0.22% | ||
Suatrans Training S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 99.99% | 99.99% | ||
Ownership interest | 0.01% | 0.01% | ||
SIS-Servicios Industriales Especializados S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 99.99% | 99.99% | ||
Ownership interest | 0.01% | 0.01% | ||
Horvefel S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
SABI Tech S.A.S | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Holding USA, INC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Allied International Emergency LLC. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
One Stop Environmental, LLC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
IntraCoastal Invironmental, LLC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Custom Environmental Services, INC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
EMS Environmental, Inc | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Howells Consultancy Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Response S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Holdings UK Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Holding Canad, INC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
JM Servios Integrados Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
JM Servios e Locaes Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
Lacerda & Lacerda Servios de Transportes e Emergncias Ambientais Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 70% | ||
Ownership interest | 30% | |||
Desentupidora Belo Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | |||
Ownership interest | 30% | |||
Ambipar Response Gs Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Orion Environmental Services Ltd. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Inversiones Disal Emergencias S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Atendimento Mdico Hospitalar Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Fnix Emergncias Ambientais Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
APW Ambiental e Transporte Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Response ES S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
Ambipar Response Control Environmental Consulting S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
Ambipar Response Orbitgeo Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
Ambipar Response OGTEC Facilities Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
Ambipar Response Wastewater Control Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
Ambipar Response Geoweb Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | 70% | ||
Ownership interest | 30% | 30% | ||
Ambipar Response Geocincias Ltda. | ||||
Non-controlling interests | ||||
Interest acquired (in percent) | 38.50% | |||
Ownership held by Group | 38.50% | 38.50% | ||
Ownership interest | 61.50% | 61.50% | ||
Ownership held in Ambipar Response Geociencias Ltda. By Ambipar Response ES | 55% | |||
Swat Consulting Inc. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Professional Emergency Resource Services | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Emerge Hydrovac Inc. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Lynx Creek Industrial & Hydrovac Ltd. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Holding Ireland Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Response Limited (UK) | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar University S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Ambipar Response L1 Inc | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Witt O'Brien"s LLC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Navigate Communications Pte. Ltd. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Navigate Response (Asia) Pte. Ltd. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Navigate PR Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Navigate Response Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Strategic Crisis Advisors LLC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Witt O'Brien's USVI, LLC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Witt O'Brien's Payroll Management LLC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
O'Brien's Response Management, L.L.C. | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
O'Brien's do Brasil Consultoria em Emergncias e Meio Ambiente S/A | ||||
Non-controlling interests | ||||
Ownership held by Group | 50% | |||
Ownership interest | 50% | 50% | ||
Witt O'Brien's Insurance Services, LLC | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Witt Associates do Brasil Consultoria Ltda. | ||||
Non-controlling interests | ||||
Ownership held by Group | 99.92% | |||
Ownership interest | 0.08% | |||
Groco 404 Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Ambipar Site Services Limited | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
Lehane Environmental & Industrial Services Ltd | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | 100% | ||
First Response Inc | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Graham Utility Hydrovac Services | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Ridgeline Canada Inc | ||||
Non-controlling interests | ||||
Ownership held by Group | 100% | |||
Bioenv Anlises Ambientais Ltda (b) | ||||
Non-controlling interests | ||||
Interest acquired (in percent) | 35.70% | |||
Ownership held by Group | 35.70% | |||
Ownership interest | 64.30% | |||
Ownership held in Bioenv Anlises Ambientais Ltda. By Ambipar Response ES | 51% | |||
CTA Servios em Meio Ambiente Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 70% | |||
Ownership interest | 30% | |||
RG Consultoria Tcnica Ambiental S.A. | ||||
Non-controlling interests | ||||
Ownership held by Group | 51% | |||
Ownership interest | 49% | |||
RG Consultoria Tcnica Ambiental Brasil Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 51% | |||
Ownership interest | 49% | |||
Dracares Apoio Martimo e Porturio Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 51% | |||
Ownership interest | 49% | |||
Flyone Servio Areo Especializado, Comrcio e Servio Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 51% | |||
Ownership interest | 49% | |||
CK7 Servios de Manuteno Industrial e Reparos em Geral Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 51% | |||
Ownership interest | 49% | |||
C-Safety Comrcio, Indstria e Servios Ltda | ||||
Non-controlling interests | ||||
Ownership held by Group | 51% | |||
Ownership interest | 49% |
Basis of measurement - Impairme
Basis of measurement - Impairment of non-financial assets (Details) | 12 Months Ended |
Dec. 31, 2022 item | |
Basis of measurement | |
Period for determination of value in use (in years) | 5 years |
Number of components in discount rate | 3 |
Basis of measurement - Income t
Basis of measurement - Income tax (Details) | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
Income Tax | |
Rate for income tax and social contribution (in percent) | 34% |
Amount of unrecognized tax losses or tax credits | R$ 0 |
Companies under the deemed income system | |
Income Tax | |
Rate for income tax and social contribution (in percent) | 15% |
Percentage of surcharge applied to income tax taxable income in excess of R$ 240 | 10% |
Percentage of surcharge applied to social contribution | 9% |
Percentage of gross revenue | 32% |
Companies under the taxable income system | |
Income Tax | |
Rate for income tax and social contribution (in percent) | 15% |
Percentage of surcharge applied to income tax taxable income in excess of R$ 240 | 10% |
Percentage of surcharge applied to social contribution | 9% |
Maximum taxable income tax loss carry forward and negative basis of social contribution (in percent) | 30% |
Basis of measurement - Leases l
Basis of measurement - Leases liabilities (Details) | Dec. 31, 2022 |
Minimum | |
Property, plant and equipment | |
Incremental borrowing rate | 7.08% |
Maximum | |
Property, plant and equipment | |
Incremental borrowing rate | 8.50% |
Basis of measurement - Non-cont
Basis of measurement - Non-controlling interests (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Non-controlling interests | ||
Interest attributable to non-controlling shareholders, percentage of total shareholders' equity | 49% | 30% |
Summarized statement of financial position | ||
Current assets | R$ 1133011 | R$ 453411 |
Current liabilities | 716,975 | 346,144 |
Non-current assets | 2,297,746 | 977,670 |
Non-current liabilities | 2,266,694 | 747,019 |
Accumulated NCI | 81,734 | R$ 11924 |
Non controlling interests | JM Servicos Integrados S.A. | ||
Summarized statement of financial position | ||
Current assets | 12,589 | |
Current liabilities | (6,040) | |
Current net assets | 6,549 | |
Non-current assets | 16,474 | |
Non-current liabilities | (18,143) | |
Non-current net assets | (1,669) | |
Net assets | 4,880 | |
Net assets controlling | 4,880 | |
Others adjustment from non-controlling | (32) | |
Non controlling interests | Lacerda & Lacerda Serv.de Transp.e Emergencias Ambientais Ltda | ||
Summarized statement of financial position | ||
Current assets | 19,421 | |
Current liabilities | (8,430) | |
Current net assets | 10,991 | |
Non-current assets | 205 | |
Non-current liabilities | (7,731) | |
Non-current net assets | (7,526) | |
Net assets | 3,465 | |
Net assets controlling | 3,465 | |
Others adjustment from non-controlling | 352 | |
Non controlling interests | Ambipar Response Tank | ||
Summarized statement of financial position | ||
Current assets | 63,651 | |
Current liabilities | (26,424) | |
Current net assets | 37,227 | |
Non-current assets | 22,490 | |
Non-current liabilities | (750) | |
Non-current net assets | 21,740 | |
Net assets | 58,967 | |
Net assets controlling | 58,967 | |
Others adjustment from non-controlling | 22,130 | |
Non controlling interests | RG Response S.A. | ||
Summarized statement of financial position | ||
Current assets | 3,513 | |
Current liabilities | (1,529) | |
Current net assets | 1,984 | |
Non-current assets | 4,724 | |
Non-current liabilities | (1,703) | |
Non-current net assets | 3,021 | |
Net assets | 5,005 | |
Net assets controlling | 5,005 | |
Others adjustment from non-controlling | 2,124 | |
Non controlling interests | Ambipar Flyone Servio Aereo Especializado, Comrcio e | ||
Summarized statement of financial position | ||
Current assets | 23,371 | |
Current liabilities | (26,520) | |
Current net assets | (3,149) | |
Non-current assets | 78,623 | |
Non-current liabilities | (28,649) | |
Non-current net assets | 49,974 | |
Net assets | 46,825 | |
Net assets controlling | 46,825 | |
Others adjustment from non-controlling | 22,944 | |
Non controlling interests | Ambipar Response Dracares Apoio Martimo e [Member] | ||
Summarized statement of financial position | ||
Current assets | 10,968 | |
Current liabilities | (9,404) | |
Current net assets | 1,564 | |
Non-current assets | 44,116 | |
Non-current liabilities | (6,135) | |
Non-current net assets | 37,981 | |
Net assets | 39,545 | |
Net assets controlling | 39,545 | |
Others adjustment from non-controlling | 19,377 | |
Non controlling interests | AMBIPAR Response ES S.A | ||
Summarized statement of financial position | ||
Current assets | 37,967 | |
Current liabilities | (32,826) | |
Current net assets | 5,141 | |
Non-current assets | 88,305 | |
Non-current liabilities | (52,825) | |
Non-current net assets | 35,480 | |
Net assets | 40,621 | |
Net assets controlling | 40,621 | |
Net assets non-controlling | 1,346 | |
Others adjustment from non-controlling | 2,915 | |
Non controlling interests | Total | ||
Summarized statement of financial position | ||
Current assets | 171,480 | |
Current liabilities | (111,173) | |
Current net assets | 60,307 | |
Non-current assets | 254,937 | |
Non-current liabilities | (115,936) | |
Non-current net assets | 139,001 | |
Net assets | 199,308 | |
Net assets controlling | 199,308 | |
Net assets non-controlling | 1,346 | |
Accumulated NCI | 11,924 | |
Others adjustment from non-controlling | 69,810 | |
Accumulated NCI adjusted | R$ 81734 |
Basis of measurement - Segment
Basis of measurement - Segment reporting (Details) | 12 Months Ended |
Dec. 31, 2022 segment | |
Basis of measurement | |
Number of reportable segments | 1 |
Basis of measurement - Interest
Basis of measurement - Interest rate risk (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Possible | ||
Interest rate risk | ||
Percentage of impairment in the variables | 25% | |
Remote | ||
Interest rate risk | ||
Percentage of impairment in the variables | 50% | |
Interest rate risk | Base | ||
Interest rate risk | ||
Net exposure | R$ 1253980 | R$ 93843 |
Interest rate risk | Base | CDI - Interest earning bank deposits | ||
Interest rate risk | ||
Net exposure | 64,158 | 61,461 |
Interest rate risk | Base | CDI - Debentures | ||
Interest rate risk | ||
Net exposure | (600,720) | |
Interest rate risk | Base | CDI - Loans and Financing | ||
Interest rate risk | ||
Net exposure | (717,418) | (155,304) |
Interest rate risk | Probable | ||
Interest rate risk | ||
Net exposure | (171,168) | (8,681) |
Interest rate risk | Probable | CDI - Interest earning bank deposits | ||
Interest rate risk | ||
Net exposure | 8,758 | 5,685 |
Interest rate risk | Probable | CDI - Debentures | ||
Interest rate risk | ||
Net exposure | (81,998) | |
Interest rate risk | Probable | CDI - Loans and Financing | ||
Interest rate risk | ||
Net exposure | (97,928) | (14,366) |
Interest rate risk | Possible | ||
Interest rate risk | ||
Net exposure | (213,960) | (10,852) |
Interest rate risk | Possible | CDI - Interest earning bank deposits | ||
Interest rate risk | ||
Net exposure | 10,948 | 7,106 |
Interest rate risk | Possible | CDI - Debentures | ||
Interest rate risk | ||
Net exposure | (102,498) | |
Interest rate risk | Possible | CDI - Loans and Financing | ||
Interest rate risk | ||
Net exposure | (122,410) | (17,958) |
Interest rate risk | Remote | ||
Interest rate risk | ||
Net exposure | (256,752) | (13,021) |
Interest rate risk | Remote | CDI - Interest earning bank deposits | ||
Interest rate risk | ||
Net exposure | 13,137 | 8,528 |
Interest rate risk | Remote | CDI - Debentures | ||
Interest rate risk | ||
Net exposure | (122,997) | |
Interest rate risk | Remote | CDI - Loans and Financing | ||
Interest rate risk | ||
Net exposure | R$ 146892 | R$ 21549 |
Basis of measurement - Liquidit
Basis of measurement - Liquidity risk (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Liquidity risk | ||
Total | R$ 657212 | R$ 94549 |
Not less than 1 year | ||
Liquidity risk | ||
Total | 33,264 | |
1-2 years | ||
Liquidity risk | ||
Total | 59,026 | 28,137 |
Liquidity risk | ||
Liquidity risk | ||
Short-term funds | 64,158 | 61,461 |
Loans and financing | 717,418 | 155,304 |
Loans and financing (interest) | 102,663 | 15,266 |
Debentures | 600,720 | |
Lease liabilities | 52,325 | 36,613 |
Suppliers and other accounts payable | 187,261 | 39,573 |
Total | 1,660,387 | 246,756 |
Liquidity risk | Not less than 1 year | ||
Liquidity risk | ||
Loans and financing | 67,656 | 60,755 |
Loans and financing (interest) | 9,682 | 5,972 |
Debentures | 84,187 | |
Lease liabilities | 16,700 | 12,252 |
Suppliers and other accounts payable | 182,956 | 39,573 |
Total | 361,181 | 118,552 |
Liquidity risk | 1-2 years | ||
Liquidity risk | ||
Loans and financing | 113,529 | 33,264 |
Loans and financing (interest) | 16,246 | 3,270 |
Debentures | 169,806 | |
Lease liabilities | 24,385 | 8,621 |
Suppliers and other accounts payable | 4,305 | |
Total | 328,271 | 45,155 |
Liquidity risk | 2-5 years | ||
Liquidity risk | ||
Loans and financing | 536,233 | 61,285 |
Loans and financing (interest) | 76,735 | 6,024 |
Debentures | 346,727 | |
Lease liabilities | 11,240 | 15,740 |
Total | R$ 970935 | R$ 83049 |
Basis of measurement - Capital
Basis of measurement - Capital management (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | Dec. 31, 2019 BRL (R$) |
Basis of measurement | ||||
Loans and financing | R$ 764477 | R$ 186971 | ||
Less: cash and cash equivalents | (271,607) | (118,918) | R$ 61754 | R$ 12266 |
Net bank loans and financing | 492,870 | 68,053 | ||
Total shareholders' equity | 447,088 | 337,918 | R$ 327194 | R$ 65119 |
Total capital | R$ 939958 | R$ 405971 | ||
Leverage ratio | 52.4 | 16.8 |
Basis of measurement - Financia
Basis of measurement - Financial instruments by category (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
Amortized cost | Loans and leases liabilities | Level 2 | |
Financial instruments by category | |
Financial liabilities, Book value | R$ 717418 |
Financial liabilities, Market value | 717,418 |
Amortized cost | Suppliers | Level 1 | |
Financial instruments by category | |
Financial liabilities, Book value | 146,611 |
Financial liabilities, Market value | 146,611 |
Amortized cost | Obligations from acquisition of investment | Level 2 | |
Financial instruments by category | |
Financial liabilities, Book value | 223,426 |
Financial liabilities, Market value | 223,426 |
Amortized cost | Related parties | Level 2 | |
Financial instruments by category | |
Financial liabilities, Book value | 769,792 |
Financial liabilities, Market value | 769,792 |
Amortized cost | Lease liabilities | Level 2 | |
Financial instruments by category | |
Financial liabilities, Book value | 47,059 |
Financial liabilities, Market value | 47,059 |
Amortized cost | Cash and banks | Level 1 | |
Financial instruments by category | |
Financial assets, Book value | 207,449 |
Financial assets, Market value | 207,449 |
Amortized cost | Interest earning bank deposits | Level 1 | |
Financial instruments by category | |
Financial assets, Book value | 64,158 |
Financial assets, Market value | 64,158 |
Amortized cost | Accounts receivable | Level 1 | |
Financial instruments by category | |
Financial assets, Book value | 702,980 |
Financial assets, Market value | 702,980 |
Amortized cost | Related parties | Level 2 | |
Financial instruments by category | |
Financial assets, Book value | 26,180 |
Financial assets, Market value | R$ 26180 |
Basis of measurement - Non-co_2
Basis of measurement - Non-controlling interests (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Summarized statement of financial position | |||
Net Revenue | R$ 1684896 | R$ 822203 | R$ 364284 |
Cost of services rendered | (1,337,749) | (618,691) | (256,147) |
Gross Profit | 347,147 | 203,512 | 108,137 |
General, administrative and sales | (26,553) | (26,837) | (18,956) |
Operating expenses | 10,389 | 25,482 | 18,251 |
Operating profit | 336,758 | 178,030 | 89,886 |
Financial expenses | (113,541) | (12,804) | (14,483) |
Finance income | 9,567 | 10,776 | 7,405 |
Net finance costs | (103,974) | (2,028) | (7,078) |
Net income before income and social contribution taxes | 232,784 | 176,002 | 82,808 |
Income tax and social contribution | (44,910) | (37,860) | (16,754) |
Profit for the year | 187,874 | 138,142 | 66,054 |
Profit for the year controlling | 161,493 | 131,116 | 61,699 |
Non controlling interests | |||
Summarized statement of financial position | |||
Profit for the year | 26,381 | R$ 7026 | R$ 4355 |
Non controlling interests | JM Servicos Integrados S.A. | |||
Summarized statement of financial position | |||
Net Revenue | 20,432 | ||
Cost of services rendered | (13,113) | ||
Gross Profit | 7,319 | ||
General, administrative and sales | (3,764) | ||
Other expense | 38 | ||
Operating expenses | (3,802) | ||
Operating profit | 3,517 | ||
Financial expenses | (2,699) | ||
Finance income | 25 | ||
Net finance costs | (2,674) | ||
Net income before income and social contribution taxes | 843 | ||
Income tax and social contribution | (949) | ||
Profit for the year | (106) | ||
Profit for the year controlling | (74) | ||
Profit for the year non-controlling | R$ 32 | ||
Ownership interest | 30% | ||
Non controlling interests | Ambipar Response Tank | |||
Summarized statement of financial position | |||
Net Revenue | R$ 60484 | ||
Cost of services rendered | (20,374) | ||
Gross Profit | 40,110 | ||
General, administrative and sales | (2,830) | ||
Other expense | 10,259 | ||
Operating expenses | 7,429 | ||
Operating profit | 47,539 | ||
Financial expenses | (334) | ||
Finance income | 305 | ||
Net finance costs | (29) | ||
Net income before income and social contribution taxes | 47,510 | ||
Income tax and social contribution | (4,451) | ||
Profit for the year | 43,059 | ||
Profit for the year controlling | 27,017 | ||
Profit for the year non-controlling | R$ 16042 | ||
Ownership interest | 49% | ||
Non controlling interests | RG Response S.A. | |||
Summarized statement of financial position | |||
Net Revenue | R$ 9314 | ||
Cost of services rendered | (5,811) | ||
Gross Profit | 3,503 | ||
General, administrative and sales | (1,307) | ||
Other expense | 41 | ||
Operating expenses | (1,348) | ||
Operating profit | 2,155 | ||
Financial expenses | (68) | ||
Finance income | 2 | ||
Net finance costs | (66) | ||
Net income before income and social contribution taxes | 2,089 | ||
Income tax and social contribution | (493) | ||
Profit for the year | 1,596 | ||
Profit for the year controlling | 935 | ||
Profit for the year non-controlling | R$ 661 | ||
Ownership interest | 49% | ||
Non controlling interests | Ambipar Flyone Servio Aereo Especializado, Comrcio e | |||
Summarized statement of financial position | |||
Net Revenue | R$ 55900 | ||
Cost of services rendered | (30,427) | ||
Gross Profit | 25,473 | ||
General, administrative and sales | (15,280) | ||
Other expense | 112 | ||
Operating expenses | (15,392) | ||
Operating profit | 10,081 | ||
Financial expenses | (5,572) | ||
Finance income | 372 | ||
Net finance costs | (5,200) | ||
Net income before income and social contribution taxes | 4,881 | ||
Income tax and social contribution | (2,131) | ||
Profit for the year | 2,750 | ||
Profit for the year controlling | 1,403 | ||
Profit for the year non-controlling | R$ 1347 | ||
Ownership interest | 49% | ||
Non controlling interests | Ambipar Response Dracares Apoio Martimo e [Member] | |||
Summarized statement of financial position | |||
Net Revenue | R$ 61430 | ||
Cost of services rendered | (39,294) | ||
Gross Profit | 22,136 | ||
General, administrative and sales | (4,349) | ||
Other expense | 92 | ||
Operating expenses | (4,257) | ||
Operating profit | 17,879 | ||
Financial expenses | (1,190) | ||
Finance income | 104 | ||
Net finance costs | (1,086) | ||
Net income before income and social contribution taxes | 16,793 | ||
Income tax and social contribution | (6,315) | ||
Profit for the year | 10,478 | ||
Profit for the year controlling | 5,371 | ||
Profit for the year non-controlling | R$ 5107 | ||
Ownership interest | 49% | ||
Non controlling interests | Lacerda & Lacerda Serv.de Transp.e Emergencias Ambientais Ltda | |||
Summarized statement of financial position | |||
Net Revenue | R$ 3201 | ||
Cost of services rendered | (1,490) | ||
Gross Profit | 1,711 | ||
General, administrative and sales | (371) | ||
Operating expenses | (371) | ||
Operating profit | 1,340 | ||
Financial expenses | (53) | ||
Finance income | 1 | ||
Net finance costs | (52) | ||
Net income before income and social contribution taxes | 1,288 | ||
Income tax and social contribution | (502) | ||
Profit for the year | 786 | ||
Profit for the year controlling | 550 | ||
Profit for the year non-controlling | R$ 236 | ||
Ownership interest | 30% | ||
Non controlling interests | AMBIPAR Response ES S.A | |||
Summarized statement of financial position | |||
Net Revenue | R$ 102666 | ||
Cost of services rendered | (69,318) | ||
Gross Profit | 33,348 | ||
General, administrative and sales | (13,788) | ||
Other expense | 258 | ||
Operating expenses | (14,046) | ||
Operating profit | 19,302 | ||
Financial expenses | (5,456) | ||
Finance income | 1,688 | ||
Net finance costs | (3,768) | ||
Net income before income and social contribution taxes | 15,534 | ||
Income tax and social contribution | (5,879) | ||
Profit for the year | 9,655 | ||
Profit for the year controlling | 6,635 | ||
Profit for the year non-controlling | R$ 3020 | ||
Ownership interest | 30% | ||
Non controlling interests | Total | |||
Summarized statement of financial position | |||
Net Revenue | R$ 313427 | ||
Cost of services rendered | (179,827) | ||
Gross Profit | 133,600 | ||
General, administrative and sales | (41,689) | ||
Other expense | 9,902 | ||
Operating expenses | (31,787) | ||
Operating profit | 101,813 | ||
Financial expenses | (15,372) | ||
Finance income | 2,498 | ||
Net finance costs | (12,874) | ||
Net income before income and social contribution taxes | 88,939 | ||
Income tax and social contribution | (20,720) | ||
Profit for the year | 68,219 | ||
Profit for the year controlling | 41,838 | ||
Profit for the year non-controlling | R$ 26381 |
Cash and cash equivalents (Deta
Cash and cash equivalents (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Cash and cash equivalents | ||||
Cash and banks | R$ 207449 | R$ 57457 | ||
Interest earnings bank deposits | 64,158 | 61,461 | ||
Cash and cash equivalents | R$ 271607 | R$ 118918 | R$ 61754 | R$ 12266 |
Percentage on interbank deposit certificate | 100% | 100% |
Trade and other receivables (De
Trade and other receivables (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other receivables | ||
Trade notes receivable | R$ 615365 | R$ 207260 |
Provision for trade notes receivable | 92,028 | 28,588 |
Trade and other receivables | 707,393 | 235,848 |
Expected credit losses | (4,413) | (1,560) |
Trade and other receivables | 702,980 | 234,288 |
Domestic operations | ||
Trade and other receivables | ||
Trade notes receivable | 78,801 | 53,711 |
Provision for trade notes receivable | (74,533) | (28,588) |
Foreign operations | ||
Trade and other receivables | ||
Trade notes receivable | 536,564 | R$ 153549 |
Provision for trade notes receivable | R$ 17495 |
Tax assets - Current tax assets
Tax assets - Current tax assets (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Tax assets | ||
Prepaid Income tax and social contribution (IR/CS) | R$ 9242 | R$ 4895 |
Current | 6,388 | 4,895 |
Non-current | 2,854 | |
Current tax assets | R$ 9242 | R$ 4895 |
Tax assets - Other tax asset (D
Tax assets - Other tax asset (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Tax assets | ||
Recoverable INSS (Social security tax) withheld | R$ 3552 | R$ 2545 |
Recoverable PIS (Tax on sales) | 230 | 65 |
Recoverable COFINS (Tax on sales) | 1,062 | 299 |
Recoverable ICMS (State VAT) | 214 | 95 |
IRRF (Withholding income tax) to offset | 23,958 | 9,691 |
Other taxes recoverable | 1,116 | 613 |
Other taxes recoverable | 1,116 | 613 |
Current | 29,740 | 13,308 |
Non-current | 392 | |
Total tax assets | R$ 30132 | R$ 13308 |
Investments (Details)
Investments (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |||||
Oct. 25, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Nov. 30, 2022 | Dec. 31, 2019 | |
Joint venture | ||||||
Joint venture | R$ 7620 | |||||
Cash and cash equivalents | 271,607 | R$ 118918 | R$ 61754 | R$ 12266 | ||
Current assets | 1,133,011 | 453,411 | ||||
Non-current assets | 2,297,746 | 977,670 | ||||
Total Assets | 3,430,757 | 1,431,081 | ||||
Current Liabilities | 716,975 | 346,144 | ||||
Non-current liabilities | 2,266,694 | 747,019 | ||||
Total shareholders' equity and liabilities | 3,430,757 | 1,431,081 | ||||
Net operating revenue | (1,684,896) | (822,203) | (364,284) | |||
Cost of services rendered | (1,337,749) | (618,691) | (256,147) | |||
Gross profit | 347,147 | 203,512 | 108,137 | |||
General, administrative and sales | (26,553) | (26,837) | (18,956) | |||
Operating profit | 336,758 | 178,030 | 89,886 | |||
Financial result | (103,974) | (2,028) | (7,078) | |||
Finance income | 9,567 | 10,776 | 7,405 | |||
Current taxes | 35,806 | 23,773 | 11,274 | |||
Net income for the year | 187,874 | 138,142 | R$ 66054 | |||
Witt O'Briens LLC | ||||||
Joint venture | ||||||
Interest acquired (in percent) | 100% | |||||
Equity interest held in joint venture(in percent) | 50% | |||||
Current assets | 28,036 | |||||
Non-current assets | 461 | |||||
Total Assets | 28,497 | |||||
Current Liabilities | 9,327 | |||||
Non-current liabilities | 3,931 | |||||
Total shareholders' equity and liabilities | 13,258 | |||||
Total identifiable net assets | 15,239 | |||||
50% share | 7,620 | |||||
O'Brien's do Brasil Consultoria em Emergncias e Meio Ambiente S.A. | ||||||
Joint venture | ||||||
Joint venture | 7,620 | R$ 0 | ||||
Interest acquired (in percent) | 100% | |||||
Cash and cash equivalents | 7,850 | |||||
Net operating revenue | 20,181 | |||||
Cost of services rendered | (1,689) | |||||
Gross profit | 18,492 | |||||
General, administrative and sales | (8,931) | |||||
Operating profit | 9,561 | |||||
Financial result | 195 | |||||
Finance income | 195 | |||||
Current taxes | (2,498) | |||||
Net income for the year | 7,258 | |||||
50% share | R$ 3628 |
Investments - Interest acquired
Investments - Interest acquired (Details) | Dec. 31, 2022 | Nov. 30, 2022 | Aug. 31, 2022 | Jul. 31, 2022 | Jun. 30, 2022 | Jun. 29, 2022 | Mar. 31, 2022 | Mar. 16, 2022 | Feb. 28, 2022 | Feb. 02, 2022 | Jan. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Sep. 17, 2021 | Sep. 01, 2021 | Aug. 31, 2021 | Jul. 31, 2021 | Jul. 30, 2021 | Jul. 06, 2021 | Jul. 04, 2021 | Jun. 30, 2021 | Jun. 25, 2021 | Feb. 28, 2021 | Feb. 04, 2021 | Feb. 02, 2021 | Jan. 31, 2021 | Jan. 01, 2021 |
JM Servicos Integrados Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 70% | ||||||||||||||||||||||||||
Lacerda e Lacerda Serv TR Emerg Amb Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 70% | ||||||||||||||||||||||||||
MDTEC Engenharia e Servicos Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | ||||||||||||||||||||||||||
Enviroclear Site Services Limited | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
Orion Environmental Services Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
EMS Environmental, Inc | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
ControlPar Participacoes S.A. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 70% | 70% | |||||||||||||||||||||||||
Swat Consulting Inc. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
Professional Emergency Resource Services | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
SABI Tech S.A.S - Suatrans Chile | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
Fenix Emergencias Ambientais Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | ||||||||||||||||||||||||||
APW Ambiental e Transporte Ltda. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | ||||||||||||||||||||||||||
Emerge Hydrovac Inc | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
Lynx Creek Industrial & Hydrovac Ltd | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | |||||||||||||||||||||||||
Lehane Environmental & Industrial Services Ltd | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | |||||||||||||||||||||||||
Dracares Apoio Martimo e Porturio Ltda. and MB Transportes Aquavirios Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | ||||||||||||||||||||||||
Flyone Servico Aereo Especializado, Comercio e Servico Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | ||||||||||||||||||||||||||
RG Consultoria Tcnica Ambiental S.A. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | ||||||||||||||||||||||||
First Response Inc | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||
Bioenv Analises e Monitoramento Ambiental Ltda | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | ||||||||||||||||||||||||||
Ambipar Response Analytical S/A. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | ||||||||||||||||||||||||
Ambipar Response Fauna e Flora Ltda. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | ||||||||||||||||||||||||||
Graham Utility Hydrovac Services | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | |||||||||||||||||||||||||
Ambipar Response Tank Cleaning S.A. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | |||||||||||||||||||||||||
Ridgeline Canada Inc. | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | |||||||||||||||||||||||||
Witt O'Briens LLC | |||||||||||||||||||||||||||
Business combinations | |||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% |
Investments - Additional inform
Investments - Additional information (Details) R$ in Thousands, $ in Millions | 12 Months Ended | |||||||||||||||||||||||||||||
Mar. 18, 2022 item aircraft | Mar. 16, 2022 segment item | Feb. 02, 2022 item | Sep. 01, 2021 item | Jul. 04, 2021 item | Feb. 02, 2021 company | Jan. 01, 2021 | Dec. 31, 2022 CAD ($) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | Nov. 30, 2022 | Aug. 31, 2022 | Jul. 31, 2022 | Jun. 30, 2022 | Jun. 29, 2022 | Mar. 31, 2022 | Feb. 28, 2022 | Jan. 31, 2022 | Sep. 30, 2021 | Sep. 17, 2021 | Aug. 31, 2021 | Jul. 31, 2021 | Jul. 30, 2021 | Jul. 06, 2021 | Jun. 30, 2021 | Jun. 25, 2021 | Feb. 28, 2021 | Feb. 04, 2021 | Jan. 31, 2021 | |
Business combinations | ||||||||||||||||||||||||||||||
Earnings | R$ 540345 | R$ 102271 | R$ 58880 | |||||||||||||||||||||||||||
IntraCoastal Invironmental, LLC | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Earnings | 25,482 | |||||||||||||||||||||||||||||
One Stop Environmental, LLC | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Earnings | R$ 33398 | |||||||||||||||||||||||||||||
JM Servicos Integrados Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 70% | |||||||||||||||||||||||||||||
Lacerda e Lacerda Serv TR Emerg Amb Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 70% | |||||||||||||||||||||||||||||
Earnings | R$ 11697 | |||||||||||||||||||||||||||||
MDTEC Engenharia e Servicos Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | |||||||||||||||||||||||||||||
Enviroclear Site Services Limited | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
Earnings | R$ 41686 | |||||||||||||||||||||||||||||
Orion Environmental Services Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
Term for leading supplier of environmental solutions | 25 years | |||||||||||||||||||||||||||||
Earnings | R$ 39074 | |||||||||||||||||||||||||||||
EMS Environmental, Inc | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
ControlPar Participacoes S.A. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 70% | 70% | ||||||||||||||||||||||||||||
Option to purchase percent of shares | 30% | |||||||||||||||||||||||||||||
Number of companies operating with environmental services controlled | company | 6 | |||||||||||||||||||||||||||||
Swat Consulting Inc. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
Professional Emergency Resource Services | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
SABI Tech S.A.S - Suatrans Chile | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
Operating term for services provision focused on responding to environmental emergencies in the road modal | 17 years | |||||||||||||||||||||||||||||
Number of operational bases, strategically located on the main routes and in points with a history of accidents | item | 14 | |||||||||||||||||||||||||||||
Fenix Emergencias Ambientais Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | |||||||||||||||||||||||||||||
APW Ambiental e Transporte Ltda. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | |||||||||||||||||||||||||||||
Emerge Hydrovac Inc | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
Number of operational bases, strategically located on the main routes and in points with a history of accidents | item | 3 | |||||||||||||||||||||||||||||
Lynx Creek Industrial & Hydrovac Ltd | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | ||||||||||||||||||||||||||||
Term for leading supplier of environmental solutions | 11 years | |||||||||||||||||||||||||||||
Earnings | $ | $ 4.5 | |||||||||||||||||||||||||||||
Lehane Environmental & Industrial Services Ltd | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | ||||||||||||||||||||||||||||
Dracares Apoio Martimo e Porturio Ltda. and MB Transportes Aquavirios Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 51% | 51% | 51% | 51% | ||||||||||||||||||||||||||
Earnings | R$ 61430 | |||||||||||||||||||||||||||||
Number of operational bases | item | 8 | |||||||||||||||||||||||||||||
Number of vessels | segment | 13 | |||||||||||||||||||||||||||||
Flyone Servio Areo Especializado, Comrcio e Servio Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 51% | 51% | 51% | |||||||||||||||||||||||||||
Earnings | R$ 55900 | |||||||||||||||||||||||||||||
Number of operational bases | item | 12 | |||||||||||||||||||||||||||||
Number of aircraft | aircraft | 19 | |||||||||||||||||||||||||||||
RG Consultoria Tcnica Ambiental S.A. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 51% | 51% | 51% | 51% | ||||||||||||||||||||||||||
First Response Inc | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | 100% | ||||||||||||||||||||||||||
Earnings | R$ 106978 | |||||||||||||||||||||||||||||
Number of operational bases | item | 8 | |||||||||||||||||||||||||||||
Bioenv Analises e Monitoramento Ambiental Ltda | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 51% | |||||||||||||||||||||||||||||
Ambipar Response Analytical S/A. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 51% | 51% | 51% | 51% | ||||||||||||||||||||||||||
Earnings | R$ 3021 | |||||||||||||||||||||||||||||
Ambipar Response Fauna e Flora Ltda. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | |||||||||||||||||||||||||||||
Earnings | R$ 25080 | |||||||||||||||||||||||||||||
Graham Utility Hydrovac Services | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
Earnings | R$ 4209 | |||||||||||||||||||||||||||||
Ambipar Response Tank Cleaning S.A. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 51% | 51% | 51% | |||||||||||||||||||||||||||
Earnings | R$ 60484 | |||||||||||||||||||||||||||||
Ridgeline Canada Inc. | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | 100% | 100% | |||||||||||||||||||||||||||
Earnings | R$ 45468 | |||||||||||||||||||||||||||||
Witt O'Brien"s LLC | ||||||||||||||||||||||||||||||
Business combinations | ||||||||||||||||||||||||||||||
Interest acquired (in percent) | 100% | |||||||||||||||||||||||||||||
Earnings | R$ 168462 |
Investments - Assets and liabil
Investments - Assets and liabilities acquired at fair value (Details) | 12 Months Ended | ||||||||||||||||||||||||||||||||||
Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 CAD ($) | Nov. 30, 2022 | Aug. 31, 2022 | Jul. 31, 2022 | Jun. 30, 2022 | Jun. 29, 2022 | Mar. 31, 2022 | Mar. 18, 2022 | Mar. 16, 2022 | Feb. 28, 2022 | Feb. 02, 2022 | Jan. 31, 2022 | Dec. 31, 2021 CLP ($) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 CAD ($) | Dec. 31, 2021 GBP (£) | Dec. 31, 2021 EUR (€) | Sep. 30, 2021 | Sep. 01, 2021 | Jul. 31, 2021 | Jul. 30, 2021 | Jul. 06, 2021 | Jul. 04, 2021 | Jun. 30, 2021 | Jun. 25, 2021 | Feb. 28, 2021 | Feb. 04, 2021 | Jan. 01, 2021 | Jan. 01, 2020 BRL (R$) | Jul. 11, 2014 USD ($) | |
Current assets | |||||||||||||||||||||||||||||||||||
Current assets | R$ 1133011000 | R$ 453411000 | |||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 30,406,000 | 33,973,000 | |||||||||||||||||||||||||||||||||
Trade and other receivables | 563,320,000 | 75,745,000 | |||||||||||||||||||||||||||||||||
Inventories | 3,675,000 | 967,000 | |||||||||||||||||||||||||||||||||
Related parties loans | 9,179,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 62,017,000 | 16,782,000 | |||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Deferred taxes | 1,871,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 15,520,000 | 2,298,000 | |||||||||||||||||||||||||||||||||
Investments | 6,583,000 | 4,055,000 | |||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 94,775,000 | 134,783,000 | |||||||||||||||||||||||||||||||||
Intangible assets | 198,993,000 | 6,378,000 | |||||||||||||||||||||||||||||||||
Separately Identified Intangibles | 392,804,000 | ||||||||||||||||||||||||||||||||||
Intangibles - workforce | 24,001,000 | ||||||||||||||||||||||||||||||||||
Added Value of Fixed Assets | 18,332,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (117,945,000) | R$ 30465000 | |||||||||||||||||||||||||||||||||
Loans and Financing | (9,279,000) | (46,115,000) | |||||||||||||||||||||||||||||||||
Employee benefits | (65,916,000) | (7,027,000) | |||||||||||||||||||||||||||||||||
Current income tax payable | (13,574,000) | (16,533,000) | |||||||||||||||||||||||||||||||||
Related parties loans | (361,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 31,435,000 | (53,473,000) | |||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (22,760,000) | (20,607,000) | |||||||||||||||||||||||||||||||||
Other liabilities | (13,469,000) | ||||||||||||||||||||||||||||||||||
(-)Deferred taxes on Added Value | (147,946,000) | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | (3,999,000) | ||||||||||||||||||||||||||||||||||
Trade and other payables | (31,917,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 984,103,000 | 79,533,000 | |||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 939,101,000 | 70,517,000 | |||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | 45,002,000 | 9,016,000 | |||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 1,450,755,000 | 392,353,000 | |||||||||||||||||||||||||||||||||
(-) Cash acquired | (30,406,000) | (33,973,000) | |||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (330,309,000) | (215,671,000) | |||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 1,090,040,000 | 142,709,000 | |||||||||||||||||||||||||||||||||
Primary | 1,000,000 | ||||||||||||||||||||||||||||||||||
Secondary | 1,449,755,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 1,450,755,000 | 392,353,000 | |||||||||||||||||||||||||||||||||
Added Value | (3,480,000) | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (939,101,000) | (70,517,000) | |||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 508,174,000 | R$ 178590000 | 321,836,000 | R$ 16658000 | |||||||||||||||||||||||||||||||
Cash spent on companies' acquisitions; net of cash received | 1,090,040,000 | 286,134,000 | 76,023,000 | ||||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | 508,174,000 | R$ 178590000 | 321,836,000 | R$ 16658000 | |||||||||||||||||||||||||||||||
Goodwill additions | 516,088,000 | ||||||||||||||||||||||||||||||||||
First Response Inc | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Trade and other receivables | 13,223,000 | ||||||||||||||||||||||||||||||||||
Inventories | 628,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 382,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 4,275,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (1,257,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (216,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 1,502,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 15,533,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 15,533,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 69,223,000 | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (40,907,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 28,316,000 | ||||||||||||||||||||||||||||||||||
Secondary | 69,223,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 69,223,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (15,533,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 53690000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 16,625,000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | ||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 53690000 | ||||||||||||||||||||||||||||||||||
Dracares | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 985,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 4,249,000 | ||||||||||||||||||||||||||||||||||
Inventories | 2,012,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 10,079,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 3,642,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 20,366,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (1,243,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (1,787,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (862,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (1,429,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 10,351,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (2,439,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (61,000) | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | (3,999,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 19,162,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 9,773,000 | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | 9,389,000 | $ 9,389,000 | |||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 86,684,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (985,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 85,699,000 | ||||||||||||||||||||||||||||||||||
Secondary | 86,684,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 86,684,000 | ||||||||||||||||||||||||||||||||||
Added Value | (3,480,000) | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (9,773,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 73,431,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | R$ 86684000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | 51% | 51% | ||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 73431000 | ||||||||||||||||||||||||||||||||||
Flyone | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 3,125,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 2,109,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 16,854,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 4,190,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 36,657,000 | ||||||||||||||||||||||||||||||||||
Intangible assets | 4,000 | ||||||||||||||||||||||||||||||||||
Separately Identified Intangibles | 6,385,000 | ||||||||||||||||||||||||||||||||||
Added Value of Fixed Assets | 16,865,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (6,306,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (6,716,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (123,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (7,073,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 1,466,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (7,724,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (3,841,000) | ||||||||||||||||||||||||||||||||||
(-)Deferred taxes on Added Value | (7,905,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 45,035,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 22,968,000 | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | 22,067,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 50,000,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (3,125,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (25,000,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 21,875,000 | ||||||||||||||||||||||||||||||||||
Secondary | 50,000,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 50,000,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (22,968,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 27,032,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | R$ 50000000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | 51% | |||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 27032000 | ||||||||||||||||||||||||||||||||||
RG Consultoria | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 2,843,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 907,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 243,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 689,000 | ||||||||||||||||||||||||||||||||||
Added Value of Fixed Assets | 1,351,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (14,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (224,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (79,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (60,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 2,071,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
(-)Deferred taxes on Added Value | (459,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 3,126,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 1,594,000 | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | 1,532,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 19,905,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (2,843,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (10,000,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 7,062,000 | ||||||||||||||||||||||||||||||||||
Secondary | 19,905,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 19,905,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (1,594,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 18,311,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | R$ 19905000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | 51% | 51% | ||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 18311000 | ||||||||||||||||||||||||||||||||||
Analytical | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 889,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 824,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 42,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 1,000,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 149,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (19,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (81,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (81,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (169,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 144,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 2,410,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 1,229,000 | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | 1,181,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 2,606,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (889,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (803,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 914,000 | ||||||||||||||||||||||||||||||||||
Primary | 1,000,000 | ||||||||||||||||||||||||||||||||||
Secondary | 1,606,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 2,606,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (1,229,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 1,377,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | R$ 2606000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | 51% | 51% | ||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 1377000 | ||||||||||||||||||||||||||||||||||
CTA | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 387,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 279,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 42,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 1,753,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 3,534,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (476,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (270,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (592,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 355,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (78,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (29,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 4,195,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 4,195,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 24,566,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (387,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (14,620,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 9,559,000 | ||||||||||||||||||||||||||||||||||
Secondary | 24,566,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 24,566,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (4,195,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 20,371,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | R$ 24366000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | ||||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 20371000 | ||||||||||||||||||||||||||||||||||
Graham | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 2,172,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 2,048,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 3,709,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 414,000 | ||||||||||||||||||||||||||||||||||
Separately Identified Intangibles | 6,514,000 | ||||||||||||||||||||||||||||||||||
Added Value of Fixed Assets | 116,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (19,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (74,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | 413,000 | ||||||||||||||||||||||||||||||||||
Current income tax payable | (392,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 4,818,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (330,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 227,000 | ||||||||||||||||||||||||||||||||||
(-)Deferred taxes on Added Value | (2,254,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 7,726,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 7,726,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 29,668,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (2,172,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (10,387,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 17,109,000 | ||||||||||||||||||||||||||||||||||
Secondary | 29,668,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 29,668,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (7,726,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 21942000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 7,200,000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 21942000 | ||||||||||||||||||||||||||||||||||
C-Tank | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 8,866,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 7,262,000 | ||||||||||||||||||||||||||||||||||
Inventories | 722,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 5,539,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 25,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 6,313,000 | ||||||||||||||||||||||||||||||||||
Intangible assets | 47,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (1,210,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (397,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (1,604,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (2,264,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 4,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (836,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (351,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 22,108,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 11,275,000 | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | $ | $ 10,833,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 35,329,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (8,866,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (17,850,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 8,613,000 | ||||||||||||||||||||||||||||||||||
Secondary | 35,329,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 35,329,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (11,275,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 24,054,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | R$ 35000000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 51% | 51% | 51% | 51% | |||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 24054000 | ||||||||||||||||||||||||||||||||||
Ridgeline Canada Inc. | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Trade and other receivables | 51,455,000 | ||||||||||||||||||||||||||||||||||
Inventories | 313,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 25,305,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 361,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 3,534,000 | ||||||||||||||||||||||||||||||||||
Intangible assets | 15,322,000 | ||||||||||||||||||||||||||||||||||
Separately Identified Intangibles | 23,822,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (29,202,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (127,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 1,711,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (11,353,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (2,247,000) | ||||||||||||||||||||||||||||||||||
(-)Deferred taxes on Added Value | (8,099,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 67,373,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 67,373,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 134,323,000 | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (52,915,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 81,408,000 | ||||||||||||||||||||||||||||||||||
Secondary | 134,323,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 134,323,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (67,373,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 66950000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 33,000,000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 66950000 | ||||||||||||||||||||||||||||||||||
Witt OBriens LLC | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 11,139,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 480,964,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 3,531,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 840,000 | ||||||||||||||||||||||||||||||||||
Investments | 6,583,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 18,844,000 | ||||||||||||||||||||||||||||||||||
Intangible assets | 183,620,000 | ||||||||||||||||||||||||||||||||||
Separately Identified Intangibles | 356,083,000 | ||||||||||||||||||||||||||||||||||
Intangibles - workforce | 24,001,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (78,199,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (63,183,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (1,379,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 9,013,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Other liabilities | (7,167,000) | ||||||||||||||||||||||||||||||||||
(-)Deferred taxes on Added Value | (129,229,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 797,435,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 797,435,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 998,450,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (11,139,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (157,827,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 829,484,000 | ||||||||||||||||||||||||||||||||||
Secondary | 998,450,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 998,450,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (797,435,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 201,015,000 | $ 48,100,000 | |||||||||||||||||||||||||||||||||
Value of acquisition | R$ 184673000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 45.80% | ||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 201015000 | $ 48,100,000 | |||||||||||||||||||||||||||||||||
Enviroclear | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 1,718,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 22,409,000 | ||||||||||||||||||||||||||||||||||
Inventories | 190,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 983,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 32,518,000 | ||||||||||||||||||||||||||||||||||
Intangible assets | 1,572,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (9,269,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (11,857,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (1,533,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (3,987,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (10,949,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (4,699,000) | ||||||||||||||||||||||||||||||||||
Trade and other payables | (13,230,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 3,866,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 3,866,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 36,534,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (1,718,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (22,059,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 12,757,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 36,534,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (3,866,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 32668000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | £ | £ 4.649 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 32668000 | ||||||||||||||||||||||||||||||||||
Orion (Canad) | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | (2,548,000) | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 11,165,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 2,498,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Deferred taxes | 1,133,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 39,685,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (7,377,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (27,550,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (524,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (2,839,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (1,107,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (6,906,000) | ||||||||||||||||||||||||||||||||||
Trade and other payables | (3,492,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 1,538,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 1,538,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 72,390,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | 2,548,000 | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (55,297,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 19,641,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 72,390,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (1,538,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 70852000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 15.971 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 70852000 | ||||||||||||||||||||||||||||||||||
EMS Environmental | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 736,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 3,916,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 63,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 48,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 1,041,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (624,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | 1,000 | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 5,181,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 5,181,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 15,006,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (736,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (11,255,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 3,015,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 15,006,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (5,181,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 9825000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 3,000 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 9825000 | ||||||||||||||||||||||||||||||||||
SABI | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 72,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 4,489,000 | ||||||||||||||||||||||||||||||||||
Inventories | 503,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 19,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Deferred taxes | 10,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 1,103,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 2,322,000 | ||||||||||||||||||||||||||||||||||
Intangible assets | 3,611,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (1,108,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (2,095,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (856,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (695,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (375,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (3,083,000) | ||||||||||||||||||||||||||||||||||
Trade and other payables | (945,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 2,972,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 2,972,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 13,363,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (72,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 13,291,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 13,363,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (2,972,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 10391000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 1,949.895 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 10391000 | ||||||||||||||||||||||||||||||||||
SWAT | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 12,546,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 1,674,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 454,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 4,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 3,060,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (586,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | 22,000 | ||||||||||||||||||||||||||||||||||
Other liabilities | (36,242,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (1,644,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | (20,712,000) | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | (20,712,000) | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 23,201,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (12,546,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (13,598,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | (2,943,000) | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 23,201,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | 20,712,000 | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 43913000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 4.530 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 43913000 | ||||||||||||||||||||||||||||||||||
Controlpar | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 6,459,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 8,338,000 | ||||||||||||||||||||||||||||||||||
Inventories | 236,000 | ||||||||||||||||||||||||||||||||||
Related parties loans | 8,933,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 9,584,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Other Assets | 1,143,000 | ||||||||||||||||||||||||||||||||||
Investments | 4,055,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 5,787,000 | ||||||||||||||||||||||||||||||||||
Intangible assets | 1,195,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (2,719,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (3,396,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (3,354,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (3,016,000) | ||||||||||||||||||||||||||||||||||
Related parties loans | (122,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (2,145,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (2,210,000) | ||||||||||||||||||||||||||||||||||
Trade and other payables | (216,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 28,552,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 19,986,000 | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | R$ 10833000 | 8,566,000 | |||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 61,946,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (6,459,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (31,946,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 23,541,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 61,946,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (19,986,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 41,960,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | R$ 61.946 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 70% | 70% | 70% | 70% | 70% | 70% | |||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 41960000 | ||||||||||||||||||||||||||||||||||
PERS | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 2,033,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 471,000 | ||||||||||||||||||||||||||||||||||
Inventories | 38,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 7,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 199,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (5,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (360,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (4,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (124,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 2,255,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 2,255,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 27,144,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (2,033,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (13,572,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 11,539,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 27,144,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (2,255,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 24889000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 5.300 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 24889000 | ||||||||||||||||||||||||||||||||||
Lynx | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 552,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 6,230,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 6,024,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (2,533,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (77,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (143,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (865,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (36,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (1,849,000) | ||||||||||||||||||||||||||||||||||
Trade and other payables | (1,809,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 5,494,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 5,494,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 18,922,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (552,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (9,461,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 8,909,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 18,922,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (5,494,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 13428000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 4.407 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 13428000 | ||||||||||||||||||||||||||||||||||
Emerge | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 2,206,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 8,746,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 24,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 14,077,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (3,300,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (21,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (94,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Loans and Financing | (1,860,000) | ||||||||||||||||||||||||||||||||||
Trade and other payables | (10,581,000) | ||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 9,197,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 9,197,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 28,300,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (2,206,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (14,150,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 11,944,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 28,300,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (9,197,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 19103000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | $ | $ 6.592 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 19103000 | ||||||||||||||||||||||||||||||||||
Lehane | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 6,798,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 6,252,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 1,927,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Deferred taxes | 728,000 | ||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 24,137,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (2,070,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (953,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (380,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 36,439,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 36,439,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 51,923,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (6,798,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (15,588,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | 29,537,000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 51,923,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (36,439,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | R$ 15484000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | € | € 8.244 | ||||||||||||||||||||||||||||||||||
Equity interest acquired (in percent) | 100% | 100% | 100% | 100% | 100% | 100% | |||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 15484000 | ||||||||||||||||||||||||||||||||||
Others | |||||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||||
Cash and cash equivalentes | 3,401,000 | ||||||||||||||||||||||||||||||||||
Trade and other receivables | 2,055,000 | ||||||||||||||||||||||||||||||||||
Related parties loans | 246,000 | ||||||||||||||||||||||||||||||||||
Other Assets | 1,223,000 | ||||||||||||||||||||||||||||||||||
Non-current assets | |||||||||||||||||||||||||||||||||||
Property, Plant and Equipment | 5,933,000 | ||||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||||
Trade and other payables | (874,000) | ||||||||||||||||||||||||||||||||||
Loans and Financing | (1,119,000) | ||||||||||||||||||||||||||||||||||
Employee benefits | (257,000) | ||||||||||||||||||||||||||||||||||
Current income tax payable | (4,102,000) | ||||||||||||||||||||||||||||||||||
Related parties loans | (239,000) | ||||||||||||||||||||||||||||||||||
Other liabilities | (1,516,000) | ||||||||||||||||||||||||||||||||||
Non-current liabilities | |||||||||||||||||||||||||||||||||||
Total identifiable net assets (liabilities) at fair value | 4,751,000 | ||||||||||||||||||||||||||||||||||
Assets and liabilities acquired at fair value | |||||||||||||||||||||||||||||||||||
Attributable to the Controlling Shareholders of the Group | 4,301,000 | ||||||||||||||||||||||||||||||||||
Attributable to the non-controlling Shareholders of the Group | 450,000 | ||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred | 43,624,000 | ||||||||||||||||||||||||||||||||||
(-) Cash acquired | (3,401,000) | ||||||||||||||||||||||||||||||||||
(-)Assumed amount of the obligation to pay | (28,745,000) | ||||||||||||||||||||||||||||||||||
Cash paid, net of cash received | R$ 11478000 | ||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Total amount of the consideration transferred, Net | 43,624,000 | ||||||||||||||||||||||||||||||||||
Total Net amount of the identifiable net assets acquired and the liabilities assumed attributable to the Controlling Shareholders of the Group | (4,301,000) | ||||||||||||||||||||||||||||||||||
Goodwill paid resulting from expected future profitability | 39,323,000 | ||||||||||||||||||||||||||||||||||
Value of acquisition | 43.624 | ||||||||||||||||||||||||||||||||||
Goodwill based on expected future profitability calculated for these acquisitions | R$ 39323000 | ||||||||||||||||||||||||||||||||||
O'Brien's do Brasil Consultoria em Emergncias e Meio Ambiente S.A. | |||||||||||||||||||||||||||||||||||
Determining goodwill from expected future profitability | |||||||||||||||||||||||||||||||||||
Equity interest held in joint venture(in percent) | 50% |
Investments - Acquired companie
Investments - Acquired companies net revenue and profit (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Business combinations | |||
Net Revenue | R$ 540345 | R$ 102271 | R$ 58880 |
Profit for the year | 116,161 | 28,257 | 34,198 |
First Response Inc | |||
Business combinations | |||
Net Revenue | 106,978 | ||
Profit for the year | 38,159 | ||
Flyone Servio Areo Especializado, Comrcio e Servio Ltda | |||
Business combinations | |||
Net Revenue | 55,900 | ||
Profit for the year | 2,750 | ||
Dracares Apoio Martimo e Porturio Ltda. and MB Transportes Aquavirios Ltda | |||
Business combinations | |||
Net Revenue | 61,430 | ||
Profit for the year | 10,479 | ||
RG Consultoria Tcnica Ambiental S.A. and RG Consultoria Tcnica Ambiental Brasil Ltda | |||
Business combinations | |||
Net Revenue | 9,314 | ||
Profit for the year | 1,596 | ||
Ambipar Response Analytical S/A. | |||
Business combinations | |||
Net Revenue | 3,021 | ||
Profit for the year | 693 | ||
Ambipar Response Fauna e Flora Ltda. | |||
Business combinations | |||
Net Revenue | 25,080 | ||
Profit for the year | (5,775) | ||
Graham Utility Hydrovac Services | |||
Business combinations | |||
Net Revenue | 4,209 | ||
Profit for the year | 211 | ||
Ridgeline Canada Inc. | |||
Business combinations | |||
Net Revenue | 45,468 | ||
Profit for the year | 6,647 | ||
Witt O'Brien"s LLC | |||
Business combinations | |||
Net Revenue | 168,462 | ||
Profit for the year | 18,342 | ||
JM Servios Integrados Ltda | |||
Business combinations | |||
Net Revenue | 5,813 | ||
Profit for the year | (3,345) | ||
Lacerda e Lacerda Serv TR Emerg Amb Ltda | |||
Business combinations | |||
Net Revenue | 11,697 | ||
Profit for the year | 6,131 | ||
MDTEC Engenharia e Servios Ltda | |||
Business combinations | |||
Net Revenue | 4,001 | ||
Profit for the year | 512 | ||
Enviroclear Site Services Limited | |||
Business combinations | |||
Net Revenue | 41,686 | ||
Profit for the year | 2,238 | ||
Orion Environmental Services Ltda | |||
Business combinations | |||
Net Revenue | 39,074 | ||
Profit for the year | R$ 22721 | ||
Ambipar Response Tank Cleaning S.A. | |||
Business combinations | |||
Net Revenue | 60,484 | ||
Profit for the year | R$ 43059 | ||
IntraCoastal Invironmental, LLC | |||
Business combinations | |||
Net Revenue | 25,482 | ||
Profit for the year | 8,716 | ||
One Stop Environmental, LLC | |||
Business combinations | |||
Net Revenue | 33,398 | ||
Profit for the year | R$ 25482 |
Investments - Revenue and profi
Investments - Revenue and profit, If the acquisitions had occurred on beginning (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Business combinations | |||
Net Revenue, If the acquisitions had occurred on 1 January 2021 | R$ 1386169 | R$ 160490 | R$ 87530 |
Profit for the year, If the acquisitions had occurred on 1 January 2021 | R$ 243894 | R$ 28298 | R$ 17523 |
Investments - Non-controlling i
Investments - Non-controlling interest (Details) R$ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | |
Business combinations | |||
Shareholders' equity of the acquired companies, attributed to non-controlling companies | R$ 45002 | R$ 9016 | |
Dracares | |||
Business combinations | |||
Shareholders' equity of the acquired companies, attributed to non-controlling companies | $ 9,389 | 9,389 | |
Ownership interest | 49% | ||
Flyone | |||
Business combinations | |||
Shareholders' equity of the acquired companies, attributed to non-controlling companies | 22,067 | ||
Ownership interest | 49% | ||
RG Consultoria | |||
Business combinations | |||
Shareholders' equity of the acquired companies, attributed to non-controlling companies | 1,532 | ||
Ownership interest | 49% | ||
Bioenv | |||
Business combinations | |||
Shareholders' equity of the acquired companies, attributed to non-controlling companies | 1,181 | ||
Ownership interest | 49% | ||
ControlPar Participaes S.A. | |||
Business combinations | |||
Shareholders' equity of the acquired companies, attributed to non-controlling companies | R$ 10833 | R$ 8566 | |
Ownership interest | 49% |
Investments - Obligation from a
Investments - Obligation from acquisition (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
Business combinations | |
Obligations due to investment acquisition | R$ 223426 |
Obligations due to investment acquisition, current | 129,198 |
Obligations due to investment acquisition, non-current | 94,228 |
2023 | |
Business combinations | |
Obligations due to investment acquisition | 129,198 |
2024 | |
Business combinations | |
Obligations due to investment acquisition | 88,278 |
2025 | |
Business combinations | |
Obligations due to investment acquisition | R$ 5950 |
Investments - Impairment tests
Investments - Impairment tests (Details) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 BRL (R$) item | Dec. 31, 2021 BRL (R$) item | |
Business combinations | ||
Projection period | 5 years | |
Recoverable amounts of the CGUs | R$ | R$ 2128580 | R$ 891774 |
Number of hypotheses alteration reasonably possible foreseen | item | 2 | 2 |
Investments-Movement of joint v
Investments-Movement of joint venture (Details) R$ in Thousands | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
Disclosure of joint ventures [line items] | |
Equity on December 31, 2022 | R$ 7620 |
O'Brien's do Brasil Consultoria em Emergncias e Meio Ambiente S.A. | |
Disclosure of joint ventures [line items] | |
Equity on December 31, 2021 | 0 |
"Transferred consideration" | 6,583 |
Other Transactions | (2,342) |
Fiscal Year Result | 3,628 |
Exchange variation of investments abroad | (249) |
Equity on December 31, 2022 | R$ 7620 |
Property, plant and equipment_2
Property, plant and equipment (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Changes in property, plant and equipment | ||
Opening balance | R$ 296396 | |
Exchange-rate change | R$ 3688 | |
Balance | 516,081 | 296,396 |
Buildings | ||
Changes in property, plant and equipment | ||
Opening balance | 14,761 | |
Exchange-rate change | 1,558 | |
Balance | 17,527 | 14,761 |
Facilities | ||
Changes in property, plant and equipment | ||
Opening balance | 165 | |
Balance | 327 | 165 |
Machinery and equipment | ||
Changes in property, plant and equipment | ||
Opening balance | 96,760 | |
Exchange-rate change | 1,690 | |
Balance | 155,724 | 96,760 |
IT equipment | ||
Changes in property, plant and equipment | ||
Opening balance | 3,404 | |
Exchange-rate change | 4 | |
Balance | 8,813 | 3,404 |
Furniture and fixtures | ||
Changes in property, plant and equipment | ||
Opening balance | 1,883 | |
Exchange-rate change | 269 | |
Balance | 4,170 | 1,883 |
Vehicles | ||
Changes in property, plant and equipment | ||
Opening balance | 122,921 | |
Exchange-rate change | (143) | |
Balance | 167,423 | 122,921 |
Leasehold improvements | ||
Changes in property, plant and equipment | ||
Opening balance | 4,940 | |
Exchange-rate change | 156 | |
Balance | 32,136 | 4,940 |
Works in progress | ||
Changes in property, plant and equipment | ||
Opening balance | 46,441 | |
Balance | 40,685 | 46,441 |
Vessels | ||
Changes in property, plant and equipment | ||
Opening balance | 5,121 | |
Exchange-rate change | 154 | |
Balance | 26,086 | 5,121 |
Aircraft | ||
Changes in property, plant and equipment | ||
Balance | 63,190 | |
Cost | ||
Changes in property, plant and equipment | ||
Opening balance | 560,966 | 184,660 |
Transfers | (30,934) | |
Additions | 233,306 | 113,047 |
Write-offs | (43,722) | (19,761) |
Initial purchase amount | 105,466 | |
Business combination | 28,450 | 279,332 |
Exchange-rate change | (41,399) | |
Balance | 812,133 | 560,966 |
Cost | Buildings | ||
Changes in property, plant and equipment | ||
Opening balance | 20,712 | 1,566 |
Transfers | 6,048 | |
Additions | 2,268 | 63 |
Write-offs | (1,531) | (2,638) |
Initial purchase amount | 1,707 | |
Business combination | 15 | 20,163 |
Exchange-rate change | (2,403) | |
Balance | 26,816 | 20,712 |
Cost | Facilities | ||
Changes in property, plant and equipment | ||
Opening balance | 229 | 153 |
Transfers | 97 | |
Additions | 96 | 1 |
Write-offs | (366) | |
Business combination | 441 | |
Balance | 422 | 229 |
Cost | Machinery and equipment | ||
Changes in property, plant and equipment | ||
Opening balance | 197,984 | 88,963 |
Transfers | (22,914) | |
Additions | 75,884 | 32,915 |
Write-offs | (14,254) | (10,379) |
Initial purchase amount | 14,956 | |
Business combination | 4,304 | 84,795 |
Exchange-rate change | (15,699) | |
Balance | 240,261 | 197,984 |
Cost | IT equipment | ||
Changes in property, plant and equipment | ||
Opening balance | 6,503 | 3,185 |
Transfers | (950) | |
Additions | 3,137 | 1,290 |
Write-offs | (2,304) | (252) |
Initial purchase amount | 13,048 | |
Business combination | 26 | 2,276 |
Exchange-rate change | (714) | |
Balance | 18,746 | 6,503 |
Cost | Furniture and fixtures | ||
Changes in property, plant and equipment | ||
Opening balance | 7,115 | 3,561 |
Transfers | 507 | |
Additions | 2,251 | 210 |
Write-offs | (116) | (117) |
Initial purchase amount | 863 | |
Business combination | 61 | 3,192 |
Exchange-rate change | (472) | |
Balance | 10,209 | 7,115 |
Cost | Vehicles | ||
Changes in property, plant and equipment | ||
Opening balance | 265,670 | 70,905 |
Transfers | (8,094) | |
Additions | 90,168 | 35,742 |
Write-offs | (10,856) | (5,912) |
Initial purchase amount | 10,456 | |
Business combination | 1,785 | 165,078 |
Exchange-rate change | (21,448) | |
Balance | 327,681 | 265,670 |
Cost | Leasehold improvements | ||
Changes in property, plant and equipment | ||
Opening balance | 10,228 | 6,631 |
Transfers | 21,109 | |
Additions | 10,894 | 186 |
Write-offs | (969) | |
Initial purchase amount | 541 | |
Business combination | 3,255 | |
Exchange-rate change | (337) | |
Balance | 41,466 | 10,228 |
Cost | Works in progress | ||
Changes in property, plant and equipment | ||
Opening balance | 46,441 | 4,562 |
Transfers | (31,180) | |
Additions | 30,631 | 41,822 |
Write-offs | (9,871) | (75) |
Initial purchase amount | 4,667 | |
Business combination | 132 | |
Exchange-rate change | (3) | |
Balance | 40,685 | 46,441 |
Cost | Vessels | ||
Changes in property, plant and equipment | ||
Opening balance | 6,084 | 5,132 |
Transfers | 4,473 | |
Additions | 642 | 818 |
Write-offs | (3,821) | (20) |
Initial purchase amount | 19,341 | |
Business combination | 5,837 | |
Exchange-rate change | (323) | |
Balance | 32,233 | 6,084 |
Cost | Other | ||
Changes in property, plant and equipment | ||
Opening balance | 2 | |
Write-offs | (2) | |
Cost | Aircraft | ||
Changes in property, plant and equipment | ||
Transfers | (30) | |
Additions | 17,335 | |
Initial purchase amount | 39,887 | |
Business combination | 16,422 | |
Balance | 73,614 | |
Accumulated depreciation | ||
Changes in property, plant and equipment | ||
Opening balance | (264,570) | (91,954) |
Transfers | 6,753 | |
Depreciation | (68,736) | (51,587) |
Write-offs | 23,450 | 25,559 |
Initial purchase amount | (25,208) | |
Business combination | (1,877) | (144,550) |
Exchange-rate change | 34,136 | (2,038) |
Balance | (296,052) | (264,570) |
Accumulated depreciation | Buildings | ||
Changes in property, plant and equipment | ||
Opening balance | (5,951) | (1,091) |
Transfers | (3,875) | |
Depreciation | (2,696) | (756) |
Write-offs | 919 | 18 |
Initial purchase amount | (53) | |
Business combination | (1) | (4,238) |
Exchange-rate change | 2,368 | 116 |
Balance | (9,289) | (5,951) |
Accumulated depreciation | Facilities | ||
Changes in property, plant and equipment | ||
Opening balance | (64) | (44) |
Depreciation | (31) | (17) |
Write-offs | 416 | |
Business combination | (419) | |
Balance | (95) | (64) |
Accumulated depreciation | Machinery and equipment | ||
Changes in property, plant and equipment | ||
Opening balance | (101,224) | (52,829) |
Transfers | 14,434 | |
Depreciation | (22,120) | (15,532) |
Write-offs | 12,829 | 12,176 |
Initial purchase amount | (2,950) | |
Business combination | (92) | (42,688) |
Exchange-rate change | 14,586 | (2,351) |
Balance | (84,537) | (101,224) |
Accumulated depreciation | IT equipment | ||
Changes in property, plant and equipment | ||
Opening balance | (3,099) | (1,404) |
Transfers | 229 | |
Depreciation | (1,390) | (785) |
Write-offs | 1,085 | 252 |
Initial purchase amount | (7,194) | |
Business combination | (5) | (1,156) |
Exchange-rate change | 441 | (6) |
Balance | (9,933) | (3,099) |
Accumulated depreciation | Furniture and fixtures | ||
Changes in property, plant and equipment | ||
Opening balance | (5,232) | (2,917) |
Transfers | (157) | |
Depreciation | (1,168) | (330) |
Write-offs | 260 | 47 |
Initial purchase amount | (212) | |
Business combination | (2) | (1,789) |
Exchange-rate change | 472 | (243) |
Balance | (6,039) | (5,232) |
Accumulated depreciation | Vehicles | ||
Changes in property, plant and equipment | ||
Opening balance | (142,749) | (30,557) |
Transfers | (3,821) | |
Depreciation | (31,784) | (32,548) |
Write-offs | 6,798 | 11,580 |
Initial purchase amount | (4,544) | |
Business combination | (116) | (91,891) |
Exchange-rate change | 15,958 | 667 |
Balance | (160,258) | (142,749) |
Accumulated depreciation | Leasehold improvements | ||
Changes in property, plant and equipment | ||
Opening balance | (5,288) | (1,487) |
Transfers | (66) | |
Depreciation | (4,942) | (1,418) |
Write-offs | 955 | 108 |
Initial purchase amount | (246) | |
Business combination | (2,369) | |
Exchange-rate change | 257 | (122) |
Balance | (9,330) | (5,288) |
Accumulated depreciation | Vessels | ||
Changes in property, plant and equipment | ||
Opening balance | (963) | (1,623) |
Depreciation | (960) | (201) |
Write-offs | 604 | 960 |
Initial purchase amount | (4,590) | |
Business combination | (292) | |
Exchange-rate change | 54 | (99) |
Balance | (6,147) | (963) |
Accumulated depreciation | Other | ||
Changes in property, plant and equipment | ||
Opening balance | (2) | |
Write-offs | R$ 2 | |
Accumulated depreciation | Aircraft | ||
Changes in property, plant and equipment | ||
Transfers | 9 | |
Depreciation | (3,645) | |
Initial purchase amount | (5,419) | |
Business combination | (1,369) | |
Balance | R$ 10424 |
Property, plant and equipment -
Property, plant and equipment - Depreciation rates (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Leasehold improvements | |
Property, plant and equipment | |
Annual weighted average rate (%) | 15.43% |
Buildings | |
Property, plant and equipment | |
Annual weighted average rate (%) | 4.13% |
Vessels | |
Property, plant and equipment | |
Annual weighted average rate (%) | 8.88% |
Tools | |
Property, plant and equipment | |
Annual weighted average rate (%) | 12.50% |
Equipment | |
Property, plant and equipment | |
Annual weighted average rate (%) | 22.88% |
Facilities | |
Property, plant and equipment | |
Annual weighted average rate (%) | 11.43% |
Software license | |
Property, plant and equipment | |
Annual weighted average rate (%) | 20% |
Machinery and equipment | |
Property, plant and equipment | |
Annual weighted average rate (%) | 14.97% |
Machinery and equipment-fleets | |
Property, plant and equipment | |
Annual weighted average rate (%) | 10% |
Furniture and fixtures | |
Property, plant and equipment | |
Annual weighted average rate (%) | 13.91% |
Software | |
Property, plant and equipment | |
Annual weighted average rate (%) | 20% |
Vehicles | |
Property, plant and equipment | |
Annual weighted average rate (%) | 19.69% |
Vehicles-Fleet | |
Property, plant and equipment | |
Annual weighted average rate (%) | 20.71% |
Aircraft | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Annual weighted average rate (%) | 10% |
Minimum | Leasehold improvements | |
Property, plant and equipment | |
Useful life (in years) | 3 years |
Minimum | Buildings | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Minimum | Vessels | |
Property, plant and equipment | |
Useful life (in years) | 5 years |
Minimum | Tools | |
Property, plant and equipment | |
Useful life (in years) | 4 years |
Minimum | Equipment | |
Property, plant and equipment | |
Useful life (in years) | 2 years |
Minimum | Facilities | |
Property, plant and equipment | |
Useful life (in years) | 3 years |
Minimum | Machinery and equipment | |
Property, plant and equipment | |
Useful life (in years) | 3 years |
Minimum | Machinery and equipment-fleets | |
Property, plant and equipment | |
Useful life (in years) | 3 years |
Minimum | Furniture and fixtures | |
Property, plant and equipment | |
Useful life (in years) | 3 years |
Minimum | Vehicles | |
Property, plant and equipment | |
Useful life (in years) | 3 years |
Minimum | Vehicles-Fleet | |
Property, plant and equipment | |
Useful life (in years) | 2 years |
Maximum | Leasehold improvements | |
Property, plant and equipment | |
Useful life (in years) | 25 years |
Maximum | Buildings | |
Property, plant and equipment | |
Useful life (in years) | 25 years |
Maximum | Vessels | |
Property, plant and equipment | |
Useful life (in years) | 20 years |
Maximum | Tools | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Maximum | Equipment | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Maximum | Facilities | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Maximum | Machinery and equipment | |
Property, plant and equipment | |
Useful life (in years) | 20 years |
Maximum | Machinery and equipment-fleets | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Maximum | Furniture and fixtures | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Maximum | Vehicles | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Maximum | Vehicles-Fleet | |
Property, plant and equipment | |
Useful life (in years) | 10 years |
Property, plant and equipment_3
Property, plant and equipment - PPE held as collateral and Impairment (Details) - BRL (R$) | Dec. 31, 2022 | Dec. 31, 2021 |
Property, plant and equipment | ||
PPE held as collateral | R$ 119707 | R$ 66331000 |
Discount rate | 24.13% | |
Terminal value growth rate | 3.20% |
Property, plant and equipment_4
Property, plant and equipment - Right-of-use assets (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Property, plant and equipment | ||
Opening balance | R$ 35225 | R$ 10075 |
New agreements | 32,590 | 21,280 |
Transfers | 18,350 | 4,643 |
Exchange- rate change | (1,933) | 3,831 |
Business Combination | (14,610) | 3,852 |
Depreciation | (30,567) | (8,456) |
Net value | 68,275 | 35,225 |
Cost | ||
Property, plant and equipment | ||
Opening balance | 55,986 | |
Net value | 129,670 | 55,986 |
Accumulated depreciation | ||
Property, plant and equipment | ||
Opening balance | (20,760) | |
Net value | (61,395) | (20,760) |
Right-of-use assets | ||
Property, plant and equipment | ||
Opening balance | 35,225 | 10,075 |
New agreements | 32,590 | 21,280 |
Transfers | 18,350 | 4,643 |
Exchange- rate change | (1,933) | 3,831 |
Business Combination | (14,610) | 3,852 |
Depreciation | (30,567) | (8,456) |
Net value | 68,275 | 35,225 |
Right-of-use assets | Cost | ||
Property, plant and equipment | ||
Opening balance | 55,986 | |
Net value | 129,670 | 55,986 |
Right-of-use assets | Accumulated depreciation | ||
Property, plant and equipment | ||
Opening balance | (20,760) | |
Net value | R$ 61395 | R$ 20760 |
Intangible assets - Changes in
Intangible assets - Changes in intangible assets (Details) R$ in Thousands, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2016 USD ($) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Nov. 30, 2022 | Dec. 31, 2020 BRL (R$) | Jan. 01, 2020 BRL (R$) | Jul. 11, 2014 USD ($) | |
Changes in intangible assets | |||||||
Opening balance | R$ 595378 | ||||||
Business combination | 516,088 | ||||||
Closing balance | 1,612,499 | R$ 595378 | |||||
Goodwill | R$ 508174 | 321,836 | R$ 178590 | R$ 16658 | |||
Witt OBriens LLC | |||||||
Changes in intangible assets | |||||||
Equity interest acquired (in percent) | 100% | 100% | 45.80% | ||||
Cash | $ | $ 35.4 | ||||||
Goodwill | R$ 201015 | $ 48.1 | |||||
Impairment charges | $ | $ 29.6 | ||||||
Cost | |||||||
Changes in intangible assets | |||||||
Opening balance | 599,488 | 226,432 | |||||
Transfers | (18,997) | ||||||
Additions | 517,364 | 349,275 | |||||
Write-offs | (6,830) | (687) | |||||
Business combination | 199,501 | 8,483 | |||||
Fair value added value | 407,841 | ||||||
Exchange-rate change | (72,816) | 15,985 | |||||
Closing balance | 1,625,551 | 599,488 | |||||
Accumulated depreciation | |||||||
Changes in intangible assets | |||||||
Opening balance | (4,110) | (1,825) | |||||
Transfers | (1,356) | ||||||
Additions | (917) | (120) | |||||
Write-offs | 811 | 219 | |||||
Business combination | (509) | ||||||
Fair value added value | (9,932) | (2,105) | |||||
Exchange-rate change | 249 | (279) | |||||
Closing balance | (13,052) | (4,110) | |||||
Trademarks and patents | |||||||
Changes in intangible assets | |||||||
Opening balance | 2,315 | ||||||
Closing balance | 35,341 | 2,315 | |||||
Trademarks and patents | Cost | |||||||
Changes in intangible assets | |||||||
Opening balance | 2,315 | 1,087 | |||||
Transfers | (3,884) | ||||||
Additions | 139 | ||||||
Write-offs | (3,847) | ||||||
Business combination | 12,238 | 1,089 | |||||
Fair value added value | 30,405 | ||||||
Exchange-rate change | (647) | ||||||
Closing balance | 36,580 | 2,315 | |||||
Trademarks and patents | Accumulated depreciation | |||||||
Changes in intangible assets | |||||||
Fair value added value | (1,248) | ||||||
Exchange-rate change | 9 | ||||||
Closing balance | (1,239) | ||||||
Software | |||||||
Changes in intangible assets | |||||||
Opening balance | 5,461 | ||||||
Closing balance | 34,997 | 5,461 | |||||
Software | Cost | |||||||
Changes in intangible assets | |||||||
Opening balance | 9,353 | 2,454 | |||||
Transfers | (1,327) | ||||||
Additions | 1,276 | 1,683 | |||||
Write-offs | (2,801) | (455) | |||||
Business combination | 33,141 | 5,594 | |||||
Exchange-rate change | (1,739) | 77 | |||||
Closing balance | 37,903 | 9,353 | |||||
Software | Accumulated depreciation | |||||||
Changes in intangible assets | |||||||
Opening balance | (3,892) | (1,615) | |||||
Transfers | (1,356) | ||||||
Additions | (848) | (120) | |||||
Write-offs | 811 | ||||||
Business combination | (509) | ||||||
Fair value added value | (1,877) | ||||||
Exchange-rate change | 176 | (280) | |||||
Closing balance | (2,906) | (3,892) | |||||
Client portfolio | |||||||
Changes in intangible assets | |||||||
Opening balance | 1,856 | ||||||
Closing balance | 338,793 | 1,856 | |||||
Client portfolio | Cost | |||||||
Changes in intangible assets | |||||||
Opening balance | 2,074 | 351 | |||||
Transfers | 3,724 | ||||||
Write-offs | (182) | ||||||
Business combination | 1,800 | ||||||
Fair value added value | 340,303 | ||||||
Exchange-rate change | (285) | (77) | |||||
Closing balance | 345,634 | 2,074 | |||||
Client portfolio | Accumulated depreciation | |||||||
Changes in intangible assets | |||||||
Opening balance | (218) | ||||||
Additions | (69) | ||||||
Fair value added value | (6,618) | (228) | |||||
Exchange-rate change | 64 | 10 | |||||
Closing balance | (6,841) | (218) | |||||
Goodwill | |||||||
Changes in intangible assets | |||||||
Opening balance | 585,746 | ||||||
Closing balance | 1,192,302 | 585,746 | |||||
Goodwill | Cost | |||||||
Changes in intangible assets | |||||||
Opening balance | 585,746 | 222,319 | |||||
Transfers | (17,510) | ||||||
Additions | 516,088 | 347,453 | |||||
Business combination | 154,122 | ||||||
Fair value added value | 24,001 | ||||||
Exchange-rate change | (70,145) | 15,974 | |||||
Closing balance | 1,192,302 | 585,746 | |||||
Non Compete | |||||||
Changes in intangible assets | |||||||
Closing balance | 2,604 | ||||||
Non Compete | Cost | |||||||
Changes in intangible assets | |||||||
Fair value added value | 2,895 | ||||||
Closing balance | 2,895 | ||||||
Non Compete | Accumulated depreciation | |||||||
Changes in intangible assets | |||||||
Fair value added value | (291) | ||||||
Closing balance | (291) | ||||||
Know-how | |||||||
Changes in intangible assets | |||||||
Closing balance | 8,462 | ||||||
Know-how | Cost | |||||||
Changes in intangible assets | |||||||
Fair value added value | 10,237 | ||||||
Closing balance | 10,237 | ||||||
Know-how | Accumulated depreciation | |||||||
Changes in intangible assets | |||||||
Fair value added value | (1,775) | ||||||
Closing balance | R$ 1775 | ||||||
Research and development | Cost | |||||||
Changes in intangible assets | |||||||
Opening balance | 221 | ||||||
Write-offs | (232) | ||||||
Exchange-rate change | 11 | ||||||
Research and development | Accumulated depreciation | |||||||
Changes in intangible assets | |||||||
Opening balance | (210) | ||||||
Write-offs | 219 | ||||||
Exchange-rate change | R$ 9 |
Intangible assets - (Details)
Intangible assets - (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Intangible assets | ||
Indefinite life | R$ 1227643 | R$ 588061 |
Definite life | 384,856 | 7,317 |
Carrying amounts | R$ 1612499 | R$ 595378 |
Intangible assets - Rates of am
Intangible assets - Rates of amortization (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Software | |
Intangible assets | |
Useful life (in years) | 5 years |
Annual amortization rate (%) | 20% |
Research and development | |
Intangible assets | |
Useful life (in years) | 2 years |
Annual amortization rate (%) | 50% |
Client portfolio | |
Intangible assets | |
Useful life (in years) | 2 years |
Annual amortization rate (%) | 50% |
Workforce | |
Intangible assets | |
Useful life (in years) | 5 years |
Annual amortization rate (%) | 20% |
Non Compete | |
Intangible assets | |
Useful life (in years) | 5 years |
Annual amortization rate (%) | 20% |
Loans and financing (Details)
Loans and financing (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Loans and financing | ||
Current | R$ 67656 | R$ 60755 |
Non- current | 649,762 | 94,549 |
Working Capital [Member] | ||
Loans and financing | ||
Current | 39,103 | 44,181 |
Non- current | R$ 558608 | 44,792 |
Working Capital [Member] | Minimum | ||
Loans and financing | ||
Interest rate | 0.68% | |
Working Capital [Member] | Maximum | ||
Loans and financing | ||
Interest rate | 6.36% | |
Investment Financing [Member] | ||
Loans and financing | ||
Interest rate | 14.04% | |
Current | R$ 25329 | 14,973 |
Non- current | R$ 83375 | 46,028 |
Financial Leases Liabilities [Member] | ||
Loans and financing | ||
Interest rate | 13.95% | |
Current | R$ 3224 | 1,601 |
Non- current | R$ 7779 | R$ 3729 |
Loans and financing - Breakdown
Loans and financing - Breakdown (Details) R$ in Thousands, $ in Thousands | 1 Months Ended | ||
Aug. 31, 2022 USD ($) installment | Dec. 31, 2022 | Sep. 20, 2022 BRL (R$) | |
Loans and financing | |||
Principal amount | R$ | R$ 250000 | ||
Working capital | Minimum | |||
Loans and financing | |||
Financial charges | 0.68% | ||
Working capital | Maximum | |||
Loans and financing | |||
Financial charges | 6.36% | ||
Investment financing | |||
Loans and financing | |||
Financial charges | 14.04% | ||
Financial leases liabilities | |||
Loans and financing | |||
Financial charges | 13.95% | ||
IBBA Loan Agreement [Member] | |||
Loans and financing | |||
Financial charges | 6.36% | ||
Principal amount | $ | $ 90,000 | ||
Number of installments | installment | 9 |
Loans and financing - Reconcili
Loans and financing - Reconciliation of movements of liabilities to cash flows arising from financing activities (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of movements of liabilities to cash flows arising from financing activities | ||
Balance at the beginning | R$ 155304 | R$ 73691 |
Borrowing | 446,870 | 50,620 |
Interest expense | 27,329 | 7,454 |
Principal paid | (63,985) | (52,152) |
Interest paid | (12,126) | (5,985) |
Business Combination | 32,040 | 59,456 |
Cash for asset acquisition - non-cash event | 138,834 | 19,818 |
The effect of changes in foreign exchange rates | (6,848) | 2,402 |
Balance at the end | R$ 717418 | R$ 155304 |
Loans and financing - Payment s
Loans and financing - Payment schedule of installments of non-current liabilities (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Loans and financing | ||
Installments of non-current liabilities | R$ 657212 | R$ 94549 |
Funding cost (long term) | (7,450) | |
Net | 649,762 | 94,549 |
2023 | ||
Loans and financing | ||
Installments of non-current liabilities | 33,264 | |
2024 | ||
Loans and financing | ||
Installments of non-current liabilities | 59,026 | 28,137 |
2025 | ||
Loans and financing | ||
Installments of non-current liabilities | 58,229 | 23,743 |
2026 | ||
Loans and financing | ||
Installments of non-current liabilities | 44,016 | R$ 9405 |
2027 | ||
Loans and financing | ||
Installments of non-current liabilities | 489,449 | |
2028 | ||
Loans and financing | ||
Installments of non-current liabilities | R$ 6492 |
Debentures - Breakdown (Details
Debentures - Breakdown (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
Debentures | |
Current | R$ 84187 |
Non Current | 516,533 |
Debentures | |
Debentures | |
Current | 84,187 |
Non Current | R$ 516533 |
Debentures | Minimum | |
Debentures | |
Adjustment to interest rate (in percent) | 2.65% |
Debentures | Maximum | |
Debentures | |
Adjustment to interest rate (in percent) | 3.50% |
Debentures - Payment schedule o
Debentures - Payment schedule of installments for non-current liabilities (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
Debentures | |
Funding cost (long term) | R$ 7450 |
Net | 516,533 |
Debentures | |
Debentures | |
Total | 526,250 |
Funding cost (long term) | (9,717) |
Net | 516,533 |
Debentures | 2024 | |
Debentures | |
Total | 55,250 |
Debentures | 2025 | |
Debentures | |
Total | 117,750 |
Debentures | 2026 | |
Debentures | |
Total | 117,738 |
Debentures | 2027 | |
Debentures | |
Total | 117,756 |
Debentures | 2028 | |
Debentures | |
Total | R$ 117756 |
Debentures - Additional informa
Debentures - Additional informaiton (Details) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 item | Sep. 20, 2022 BRL (R$) | Feb. 23, 2022 BRL (R$) | |
Debentures | |||
Notional amount | R$ 250000 | ||
Debentures | |||
Debentures | |||
Notional amount | R$ 335500 | ||
Number of installments | item | 4 | ||
Threshold period for measurement of financial covenants | 6 months |
Trade and other payables (Detai
Trade and other payables (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other payables | ||
Trade payables - supply chain financing arrangement - domestic operations | R$ 10562 | R$ 1145 |
Trade payables - supply chain financing arrangement - foreign operations | 136,049 | 38,428 |
Trade and other payables | R$ 146611 | R$ 39573 |
Tax payable - Current income ta
Tax payable - Current income tax and social contribution payable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Tax payable | ||
Income tax | R$ 10182 | R$ 6490 |
Social contribution | 2,816 | 382 |
Current income tax payable | R$ 12998 | R$ 6872 |
Tax payable - Other tax payable
Tax payable - Other tax payable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Other Tax Payable | ||
Current | R$ 33719 | R$ 17678 |
Non-current | 7,986 | 4,065 |
PIS | ||
Other Tax Payable | ||
Current | 1,669 | 668 |
COFINS | ||
Other Tax Payable | ||
Current | 7,675 | 3,075 |
ICMS | ||
Other Tax Payable | ||
Current | 173 | 75 |
ISS | ||
Other Tax Payable | ||
Current | 1,111 | 583 |
IVA | ||
Other Tax Payable | ||
Current | 18,098 | 8,433 |
Other taxes | ||
Other Tax Payable | ||
Current | 3,561 | 4,331 |
Non-current | 818 | |
Reassessment tax | ||
Other Tax Payable | ||
Current | 745 | 13 |
Non-current | 7,168 | 4,065 |
IRRF | ||
Other Tax Payable | ||
Current | R$ 687 | R$ 500 |
Tax payable - Balance of instal
Tax payable - Balance of installment payments (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Other Tax Payable | ||
Current | R$ 33719 | R$ 17678 |
Non-current | 7,986 | 4,065 |
Simples National | ||
Other Tax Payable | ||
Current | 6 | |
Non-current | 1,168 | 1,285 |
Other PGFN debits | ||
Other Tax Payable | ||
Current | 560 | |
Non-current | 4,978 | 2,056 |
Social Security - RFB | ||
Other Tax Payable | ||
Current | 54 | |
Non-current | 428 | 139 |
Other RFB debits | ||
Other Tax Payable | ||
Non-current | 63 | |
Social Security - PGFN | ||
Other Tax Payable | ||
Non-current | 296 | 328 |
Installment payment - INSS | ||
Other Tax Payable | ||
Current | 83 | 13 |
Non-current | 124 | |
PIS installment payment | ||
Other Tax Payable | ||
Non-current | 13 | 20 |
COFINS Installment | ||
Other Tax Payable | ||
Non-current | 90 | 94 |
Installment payment - IRRF | ||
Other Tax Payable | ||
Non-current | 11 | 13 |
ISS installment payment | ||
Other Tax Payable | ||
Non-current | 64 | |
Other | ||
Other Tax Payable | ||
Current | 42 | |
Non-current | 57 | 6 |
Installment | ||
Other Tax Payable | ||
Current | 745 | 13 |
Non-current | R$ 7168 | R$ 4065 |
Leases liabilities (Details)
Leases liabilities (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Leases liabilities | ||
Opening balance as of beginning | R$ 31667 | R$ 8941 |
Additions | 32,590 | 21,281 |
Business combination | 14,610 | 3,852 |
Payments - Principal | (32,802) | (6,820) |
Interest payment | (2,400) | (573) |
Interest appropriation | 4,183 | 1,180 |
Exchange-rate change | (789) | 3,806 |
Balance at the end | 47,059 | 31,667 |
Current | 14,411 | 9,635 |
Non-current | 32,648 | 22,032 |
Lease liabilities, gross | ||
Leases liabilities | ||
Opening balance as of beginning | 36,613 | 10,070 |
Additions | 35,752 | 25,414 |
Business combination | 15,908 | 4,716 |
Payments - Principal | (32,802) | (6,820) |
Interest payment | (2,363) | (573) |
Exchange-rate change | (783) | 3,806 |
Balance at the end | 52,325 | 36,613 |
Current | 16,700 | 11,599 |
Non-current | 35,625 | 25,014 |
Unwinding interest from lease agreements | ||
Leases liabilities | ||
Opening balance as of beginning | 4,946 | 1,129 |
Additions | (3,162) | (4,133) |
Business combination | (1,298) | (864) |
Interest payment | (37) | |
Interest appropriation | 4,183 | 1,180 |
Exchange-rate change | (6) | |
Balance at the end | 5,266 | 4,946 |
Current | 2,289 | 1,964 |
Non-current | R$ 2977 | R$ 2982 |
Provision for contingencies a_3
Provision for contingencies and judicial deposits (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Provision for contingencies and judicial deposits | ||
Judicial deposits | R$ 826 | R$ 147 |
Provision for contingencies | 607 | 181 |
Labor and social security contingencies | ||
Provision for contingencies and judicial deposits | ||
Judicial deposits | 826 | 147 |
Provision for contingencies | R$ 607 | R$ 181 |
Provision for contingencies a_4
Provision for contingencies and judicial deposits - Rollforward of provision for contingencies (Details) - Provision for contingencies - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Changes in provision for contingencies | ||
(=) Balance at the beginning | R$ 181 | R$ 546 |
(+) Provisions made during the year | 518 | 63 |
(-) Provisions reversed during the year | (26) | |
(-) Provisions used during the year | (92) | (402) |
(=) Balance at the end | R$ 607 | R$ 181 |
Provision for contingencies a_5
Provision for contingencies and judicial deposits - Description of contingencies (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Provision for contingencies and judicial deposits | ||
Provision for contingencies | R$ 607 | R$ 181 |
Labor contingencies | ||
Provision for contingencies and judicial deposits | ||
Provision for contingencies | R$ 1000 | R$ 1517 |
Related parties (Details)
Related parties (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Assets | |||
Loan (non-current) | R$ 26180 | R$ 34726 | |
Liabilities | |||
Dividends payable | 76,909 | 31,469 | |
Loan (non-current) | 769,792 | 482,161 | |
Profit or loss | |||
Remuneration of key personnel | 35,263 | 7,631 | |
Statement of income (business transactions) | |||
Net Revenues | 24 | 47 | R$ 137 |
Costs | (501) | ||
Net Income (loss) | 24 | 47 | (364) |
Ambipar Participacoes e Empreendimentos S.A. | |||
Assets | |||
Loan (non-current) | 4,500 | 4,508 | |
Liabilities | |||
Loan (non-current) | 703,165 | 470,824 | |
Ambipar Environment Reverse Manufacturing S.A. | |||
Assets | |||
Loan (non-current) | 34 | 622 | |
Liabilities | |||
Loan (non-current) | 1 | ||
Ambipar R&D Pesquisa, Desenvolvimento Ltda | |||
Assets | |||
Loan (non-current) | 43 | 48 | |
Liabilities | |||
Loan (non-current) | 58 | ||
Ambipar Logistics Ltda. | |||
Assets | |||
Loan (non-current) | 1,815 | 14,477 | |
Liabilities | |||
Loan (non-current) | 2,014 | ||
Environmental ESG Participacoes S.A. | |||
Assets | |||
Loan (non-current) | 9,095 | 532 | |
Liabilities | |||
Loan (non-current) | 9,731 | 9,595 | |
Ambipar Eco Products S.A. | |||
Assets | |||
Loan (non-current) | 2,229 | 2,261 | |
Liabilities | |||
Loan (non-current) | 2,212 | 240 | |
Ambipar Workforce Solution Mao de Obra Temp, Ltda. | |||
Assets | |||
Loan (non-current) | 6,078 | 5,759 | |
Liabilities | |||
Loan (non-current) | 5,578 | ||
Ambipar Environmental Solutio-s-Solucoes Ambientais Ltda. | |||
Assets | |||
Loan (non-current) | 1,154 | 5,037 | |
Liabilities | |||
Loan (non-current) | 1,332 | 61 | |
Ambipar Environment Waste Logistics Ltda, | |||
Assets | |||
Loan (non-current) | 943 | 1,352 | |
Liabilities | |||
Loan (non-current) | 1,088 | 1,088 | |
Amazon Residuos Ltda. | |||
Assets | |||
Loan (non-current) | 127 | ||
Disal Peru S.A.C | |||
Assets | |||
Loan (non-current) | 3 | ||
Ambipar Insurance Corretora De Seguros Ltda [Member] | |||
Assets | |||
Loan (non-current) | 42 | ||
Ambipar Coprocessing Ltda | |||
Liabilities | |||
Loan (non-current) | 2 | ||
Disal Chile Servicios Integrales Ltda | |||
Liabilities | |||
Loan (non-current) | 49 | ||
Ambipar Bank Intermediao de Negcios, Pagamentos e Participaes S.A. | |||
Assets | |||
Loan (non-current) | 196 | ||
Liabilities | |||
Loan (non-current) | 43,523 | ||
Ambipar Green Tech Ltda | |||
Liabilities | |||
Loan (non-current) | 19 | ||
Ambipar Compliance Solutions S.A. | |||
Liabilities | |||
Loan (non-current) | 3 | ||
Ambipar Environmental Centroeste S.A. | |||
Liabilities | |||
Loan (non-current) | 4 | ||
Brasil Coleta Gerenciamento de Resduos Ltda | |||
Liabilities | |||
Loan (non-current) | 700 | ||
Controlling shareholder | |||
Liabilities | |||
Dividends payable | 69,509 | 31,154 | |
Non-controlling shareholders | |||
Liabilities | |||
Dividends payable | 7,400 | 315 | |
Disal Chile Sanitarios Portables Ltda. | |||
Liabilities | |||
Loan (non-current) | 199 | 340 | |
Gestion de Servicios Ambientales S.A.C. | |||
Liabilities | |||
Loan (non-current) | 165 | 13 | |
Statement of income (business transactions) | |||
Net Revenues | 50 | ||
Costs | (191) | ||
Disal Chile Sanitarios Portables Ltda, | |||
Statement of income (business transactions) | |||
Net Revenues | R$ 24 | R$ 47 | 51 |
Costs | (14) | ||
Ingeniera en Sanitizacion S.A. | |||
Statement of income (business transactions) | |||
Net Revenues | 1 | ||
Ingeclean Peru SAC | |||
Statement of income (business transactions) | |||
Net Revenues | 7 | ||
Inmobiliaria e Inversiones D&G Ltda, | |||
Statement of income (business transactions) | |||
Net Revenues | 28 | ||
Inversiones Algarrobo S.A. | |||
Statement of income (business transactions) | |||
Costs | R$ 296 |
Related parties - Remuneration
Related parties - Remuneration of key personnel (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Related parties | |||
Short-term benefits | R$ 35263 | R$ 7631 | R$ 8060 |
Benefits, such as vehicle use, reimbursement, travel, and others | R$ 833 | 172 | R$ 199 |
Payments of long-term benefits | 0 | ||
Payments of termination of employment contracts | 0 | ||
Payments of share-based remuneration | R$ 0 |
Shareholders' equity - Capital
Shareholders' equity - Capital (Details) - BRL (R$) R$ in Thousands | 1 Months Ended | 12 Months Ended | |||
Oct. 05, 2021 | Jan. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2022 | |
Shareholders' equity | |||||
Capital | R$ 261920 | R$ 261920 | |||
Advance for Future Capital Increase | R$ 176000 | ||||
Number of shares issued for conversion of advance for future capital increase | 176,000,000 | ||||
Capital increase with the issuance of new common shares | R$ 49021 | R$ 24005 | |||
Number of new shares issued | 49,021,522 | ||||
Capital | |||||
Shareholders' equity | |||||
Subscribed and paid-in share capital | 261,920,439 | 261,920,439 | |||
Capital | R$ 261920 | ||||
Advance for Future Capital Increase | R$ 176000 | ||||
Capital increase with the issuance of new common shares | R$ 49021 |
Shareholders' equity - Group re
Shareholders' equity - Group reorganization (Details) R$ in Thousands | 12 Months Ended |
Dec. 31, 2021 BRL (R$) | |
Ambipar Holding USA, INC | |
Shareholders' equity | |
Percentage of interest held in subsidiary | 100% |
Impact on equity due to reorganization | R$ 326056 |
Ambipar Holding Canada | |
Shareholders' equity | |
Percentage of interest held in subsidiary | 100% |
Impact on equity due to reorganization | R$ 326056 |
Ambipar Holding UK | |
Shareholders' equity | |
Percentage of interest held in subsidiary | 100% |
Impact on equity due to reorganization | R$ 326056 |
Ambipar Holding Ireland | |
Shareholders' equity | |
Percentage of interest held in subsidiary | 100% |
Impact on equity due to reorganization | R$ 326056 |
Inversiones Disal Emergencias S.A. | |
Shareholders' equity | |
Percentage of interest held in subsidiary | 100% |
Impact on equity due to reorganization | R$ 326056 |
Shareholders' equity - Approval
Shareholders' equity - Approval of profit allocations (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |||||
Apr. 28, 2023 | Apr. 30, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit for the year controlling | R$ 161493 | R$ 131116 | R$ 61699 | |||
Legal reserve | 31,154 | |||||
Net income allocated to the unrealized profit reserve | (38,355) | (31,154) | ||||
Legal reserve | ||||||
Legal reserve | R$ 38355 | |||||
Legal reserve | ||||||
Legal reserve | 8,075 | 6,556 | R$ 2356 | |||
Legal reserve | Legal reserve | ||||||
Net income allocated to the unrealized profit reserve | R$ 115063 | |||||
Unrealized Profits Reserve | ||||||
Profit for the year controlling | R$ 93406 | |||||
Legal reserve | (38,355) | (31,154) | ||||
Net income allocated to the unrealized profit reserve | 115,063 | 93,406 | ||||
Distribution of income for the year | R$ 8075 | R$ 6556 |
Shareholders' equity - Profit r
Shareholders' equity - Profit reserves (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net income for the year | R$ 187874 | R$ 138142 | R$ 66054 |
Destination of the legal reserve (5%) | 31,154 | ||
Appropriation in unrealized profit reserve | (38,355) | (31,154) | |
Unrealized Profits Reserve | |||
Net income for the year | 161,493 | 131,116 | |
Destination of the legal reserve (5%) | (38,355) | (31,154) | |
Distribution of income for the year | (8,075) | (6,556) | |
Appropriation in unrealized profit reserve | R$ 115063 | R$ 93406 |
Shareholders' equity - Earnings
Shareholders' equity - Earnings per share (Details) - BRL (R$) R$ / shares in Units, R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Shareholders' equity | |||
Net income for the year | R$ 187874 | R$ 138142 | R$ 66054 |
Number of ordinary shares | 261,920,439 | 48,615,599 | 36,898,917 |
Basic earnings per share (in Reais) | R$ 0.72 | R$ 2.84 | R$ 1.79 |
Diluted earnings per share (in Reais) | R$ 0.72 | R$ 2.84 | R$ 1.79 |
Shareholders' equity - Capita_2
Shareholders' equity - Capital transaction (Details) | Jun. 28, 2021 | Dec. 31, 2022 |
Suatrans Chile S.A. | ||
Shareholders' equity | ||
Total interest held (as a percent) | 100% | |
Inversiones Disal Emergencias S.A. | ||
Shareholders' equity | ||
Interest acquired (in percent) | 99.99% | |
Inversiones Disal Emergencias S.A. | Suatrans Chile S.A. | ||
Shareholders' equity | ||
Direct interest held (as a percent) | 50% | |
Emergencias Participacoes S.A. | Inversiones Disal Emergencias S.A. | ||
Shareholders' equity | ||
Interest acquired (in percent) | 100% |
Shareholders' equity (Details)
Shareholders' equity (Details) R$ in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2022 BRL (R$) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | Jan. 01, 2020 BRL (R$) | |
Assets and liabilities acquired at fair value | |||||
Total identifiable net assets (liabilities) at fair value | R$ 984103 | R$ 79533 | |||
Total amount of the consideration transferred | 1,450,755 | 392,353 | |||
(-) Assumed value of the obligation to pay | (330,309) | (215,671) | |||
Determination of goodwill | |||||
Total amount of the consideration transferred, Net | 1,450,755 | 392,353 | |||
Total amount of identifiable net (assets) liabilities | (984,103) | (79,533) | |||
Goodwill | 508,174 | R$ 321836 | R$ 178590 | R$ 16658 | |
Inversiones Disal Emergencias S.A. | |||||
Assets and liabilities acquired at fair value | |||||
Cash and cash equivalents | 1,005 | ||||
Other assets | 25,650 | ||||
Other liabilities | (326) | ||||
Total identifiable net assets (liabilities) at fair value | 26,329 | ||||
Total amount of the consideration transferred | 144,430 | ||||
(-) Cash acquired | (1,005) | ||||
Cash paid, net of cash received/receivable | 143,425 | ||||
Determination of goodwill | |||||
Total amount of the consideration transferred, Net | 144,430 | ||||
Total amount of identifiable net (assets) liabilities | (26,329) | ||||
Goodwill | R$ 118101 | ||||
Value of acquisition | $ | $ 26,185 | ||||
Interest acquired (in percent) | 99.99% | 99.99% |
Segment reporting (Details)
Segment reporting (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment reporting | |||
Net revenue | R$ 1684896 | R$ 822203 | R$ 364284 |
Non-current assets | 2,196,855 | 926,999 | 327,388 |
Brazil | |||
Segment reporting | |||
Net revenue | R$ 534113 | R$ 210397 | 156,250 |
Non-current assets percent | 29% | 31% | |
Non-current assets | R$ 629055 | R$ 289761 | 107,122 |
Latin America (Other than Brazil) | |||
Segment reporting | |||
Net revenue | 186,156 | 144,410 | 104,809 |
Non-current assets | 45,073 | 42,875 | 15,260 |
Europe | |||
Segment reporting | |||
Net revenue | 175,091 | 132,617 | 34,041 |
Non-current assets | 111,350 | 115,550 | 7,981 |
North America | |||
Segment reporting | |||
Net revenue | 789,536 | 334,779 | 69,184 |
Non-current assets | R$ 1411377 | R$ 478813 | R$ 197025 |
Net Revenues (Details)
Net Revenues (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net Revenues | |||
Net revenue | R$ 1684896 | R$ 822203 | R$ 364284 |
Net revenue in the domestic market | |||
Net Revenues | |||
Net revenue | 534,113 | 156,250 | |
Net Revenue in the foreign market | |||
Net Revenues | |||
Net revenue | R$ 1150783 | R$ 208034 |
Costs and expenses by nature (D
Costs and expenses by nature (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Costs and expenses by nature | |||
Materials used in the provision of services | R$ 30395 | R$ 32036 | R$ 3314 |
Personnel and labor charges | (647,356) | (317,749) | (162,186) |
Fuels | (58,115) | (24,744) | (1,764) |
Freight and tolls | (17,181) | (2,683) | (1,958) |
Maintenance of machinery, appliances, equipment, and vehicles | (58,022) | (24,306) | (3,608) |
Taxes | (20,191) | (10,099) | (2,698) |
Rent and condominiums | (11,936) | (8,884) | (4,606) |
Leasing of goods, vehicles, machinery and equipment | (19,087) | (14,294) | (3,262) |
Telephony expenses | (6,440) | (2,011) | (1,375) |
Travel expenses | (33,215) | (12,588) | (6,258) |
Depreciation and amortization | (112,029) | (60,163) | (22,519) |
Advertising and marketing | (10,783) | (3,399) | (4,415) |
Third party services | (210,471) | (89,455) | (27,454) |
Other expenses | (116,545) | (41,762) | (28,981) |
Expenses | (1,351,766) | (644,173) | (274,398) |
Cost of services rendered | (1,337,749) | (618,691) | (256,147) |
General, administrative and sales | (26,553) | (26,837) | (18,956) |
Other operating revenues (expenses), net | 12,536 | 1,355 | 705 |
Costs and expenses by nature | R$ 1351766 | R$ 644173 | R$ 274398 |
Net financial income (Details)
Net financial income (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Financial income: | |||
Discounts obtained | R$ 800 | R$ 82 | R$ 81 |
Interest charged | 820 | 830 | 348 |
Income from financial investments | 6,441 | 3,714 | 1 |
Active exchange variation | 315 | 5,636 | 6,481 |
Other | 1,191 | 514 | 494 |
Financial income | 9,567 | 10,776 | 7,405 |
Financial expenses: | |||
Interest paid | (4,732) | (1,610) | (1,942) |
Advance Fees | (978) | (291) | |
Interest on Right of Use | (4,183) | ||
Interest on loans | (27,329) | (7,454) | (3,848) |
Interest on debentures | (52,371) | ||
Discounts given | (1,529) | (830) | (331) |
Bank expenses | (2,478) | (362) | (460) |
IOF | (3,469) | (1,108) | (616) |
Intercompany interest | (4,613) | ||
Exchange variation | (8,518) | (163) | (5,644) |
Other | (4,319) | (299) | (1,351) |
Financial expenses | (113,541) | (12,804) | (14,483) |
Net finance costs | R$ 103974 | R$ 2028 | R$ 7078 |
Income tax and social contrib_3
Income tax and social contribution - breakdown of expense (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income tax and social contribution | |||
Current income tax and social contribution | R$ 35806 | R$ 23773 | R$ 11274 |
Deferred income tax and social contribution | (9,104) | (14,087) | (5,480) |
Income tax and social contribution expense | R$ 44910 | R$ 37860 | R$ 16754 |
Income tax and social contrib_4
Income tax and social contribution - Reconciliation of income tax and social contribution expenses (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income tax and social contribution | |||
Income before income tax and social contribution | R$ 232784 | R$ 176002 | R$ 82808 |
Tax calculated based on current rates-34% | R$ 79147 | (59,841) | (28,155) |
Rate for income tax and social contribution (in percent) | 34% | ||
Reconciliation: | |||
Equity in net income of subsidiaries | R$ 10671 | ||
Recognition of deferred tax loss asset | (16,434) | 4,012 | (847) |
Permanent difference adjustments in other jurisdictions | 18,212 | 38,570 | 8,416 |
Adjustment in Tax regime Differences | (13,115) | ||
Other adjustments in temporary and permanent differences | 34,904 | (20,601) | 3,832 |
Income tax and social contribution expense | R$ 44910 | R$ 37860 | R$ 16754 |
Effective rate of income tax and social contribution-% | 19.30% | 21.50% | 20.20% |
Income tax and social contrib_5
Income tax and social contribution - Deferred income tax and social contribution (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Tax bases - Assets | ||
Tax bases - Assets | R$ 74766 | R$ 26432 |
Income tax - 25% | R$ 18692 | 6,608 |
Income tax rate (as percent) | 25% | |
Social contribution - 9% | R$ 6728 | 2,379 |
Social contribution (as percent) | 9% | |
Income tax and social contribution - assets | R$ 25420 | 8,987 |
Tax bases - Liabilities | ||
Tax bases - Liabilities | (561,273) | (98,246) |
Income tax - 25% | R$ 140318 | (24,562) |
Income tax rate (as percent) | 25% | |
Social contribution - 9% | R$ 50515 | (8,842) |
Social contribution (as percent) | 9% | |
Income tax and social contribution - liabilities | R$ 190833 | (33,404) |
Tax loss and negative basis | ||
Tax bases - Assets | ||
Tax bases - Assets | 25,304 | 17,962 |
Temporary differences in another jurisdiction | ||
Tax bases - Assets | ||
Tax bases - Assets | 25,770 | 8,470 |
Tax bases - Liabilities | ||
Tax bases - Liabilities | (436,602) | (52,384) |
Provisions - temporary differences | ||
Tax bases - Assets | ||
Tax bases - Assets | 23,692 | |
Tax bases - Liabilities | ||
Tax bases - Liabilities | R$ 124671 | R$ 45862 |
Income tax and social contrib_6
Income tax and social contribution - Changes in deferred income tax and social contribution (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes | |||
Opening balance-assets, net of liabilities | R$ 24417 | R$ 7234 | |
Realization to statement of income | (9,104) | (14,087) | R$ 5480 |
Other changes | (131,892) | (3,096) | |
Closing balance-assets, net of liabilities | R$ 165413 | R$ 24417 | R$ 7234 |
Income tax and social contrib_7
Income tax and social contribution - Realization of deferred income tax and social contribution (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Income tax and social contribution | ||
Deferred Income Tax and Social Contribution | R$ 25420 | R$ 8987 |
2023 | ||
Income tax and social contribution | ||
Deferred Income Tax and Social Contribution | 2,247 | |
2024 | ||
Income tax and social contribution | ||
Deferred Income Tax and Social Contribution | 6,355 | 2,247 |
2025 | ||
Income tax and social contribution | ||
Deferred Income Tax and Social Contribution | 6,355 | 2,247 |
2026 | ||
Income tax and social contribution | ||
Deferred Income Tax and Social Contribution | 6,355 | R$ 2246 |
2027 | ||
Income tax and social contribution | ||
Deferred Income Tax and Social Contribution | R$ 6355 |
Cash flow information (Details)
Cash flow information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flow from investing activities | |||
Acquisition of property, plant, and equipment by financing | R$ 138834 | R$ 19818 | R$ 32491 |
Balance payable for acquisition of investment | (330,309) | 185,412 | 77,072 |
Net cash used in investing activities | (191,475) | 205,230 | 109,563 |
Cash flow from financing activities | |||
Operational lease | 32,590 | 22,851 | 526 |
Accumulated translation adjustment | (92,593) | 16,624 | 8,755 |
Participation of non-controlling | (26,381) | (18,623) | 5,289 |
Proposed Dividends | (38,355) | (31,155) | |
Capital increase with AFAC | 176,000 | ||
Capital increase with investment receipt | 49,021 | ||
Net cash generated from financing activities | R$ 124739 | R$ 214718 | R$ 14570 |
Subsequent events (Details)
Subsequent events (Details) - Closing approval of the joint venture O'Brien's do Brasil Consultoria em Emergncias e Meio Ambiente S.A. R$ in Millions | Jan. 17, 2023 BRL (R$) installment |
Environpact | |
Subsequent events | |
Percentage of interest held in joint venture | 100% |
O'Brien's Response Management Inc | |
Subsequent events | |
Percentage of interest held in subsidiary | 100% |
Number of installments | installment | 2 |
Amount of cash received | R$ | R$ 11 |
Percentage of shares received | 50% |