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Investor Presentaiton

130 FINANCIAL CAPITAL STATEMENT OF CASH FLOW Years ended December 31 (in thousands of Brazilian reais). 2021 INTEGRATED ANNUAL REPORT Note Parent Company Consolidated 2021 2020 2021 2020 Cash flow from operating activities Interest paid Net income before income tax and social contribution 24 377,602 795,524 377,152 795,632 Fx variations paid Adjustments to reconcile net incomewith cash from operating activities Depreciation and amortization Cost on sale of permanent assets Equity income 10 Restatement of financing, debentures and exchange rate 286,796 1,226 12,672 171,431 variations Restatement of long-term financial investments Tax credits and restatements 259,707 286,909 1,819 1,354 5,575 11,346 218,627 171,747 218,627 (22) (96) (22) (219,789) (533,951) (219,789) (533,951) 259,707 1,819 5,584 (96) Restatement of judicial deposits 23 (5,539) (4,244) (5,539) (4,244) Provisions and restatements for civil, labor and tax risks/ other 23 36,540 Provision (reversal) of expenses/indemnity asset Interest on leases (2,715) 14 Recognition of shares granted 20,252 9,644 Provision (reversal) for estimated customer losses Provision for it on financing 7 1,019 Provision of impairment loss of inventories 8 3,632 10,021 Estimated losses due to the impairment of taxes (Gains) on derivative transaction agreements Provision (reversal) for impairment of assets 3,312 8,408 779 32,666 36,540 32,666 20,314 (2,715) 20,314 17,427 20,252 17,427 6,642 9,644 6,642 22,952 (874) 22,952 3,632 Long-term financial investments Income tax and social contributions paid Receipts of funds by settlement of derivative transactions Net cash generated from operating activities Cash flows from investment activities Purchase of property, plant and equipment and intangible assets Payment of debt from company acquisition Acquisition of equity interest, net of cash acquired Redemption of long-term financial investments Note Parent Company 2021 2020 Consolidated 2021 2020 (83,812) (56,911) (84,225) (56,911) (40,006) (122,749) (40,006) (122,749) (17,649) 116,484 133,338 116,484 963,201 678,370 959,725 (17,829) 133,338 679,033 Advance for capital subscription (196,405) (215,149) (196,659) (215,906) (69,934) (22,947) (69,934) (22,947) (130,000) - (132,657) (2,050) 3,317 557 (2,050) 3,317 557 (14,595) (163) Net cash (used) in investment activities (409,667) (237,702) (397,983) (238,296) Cash flows from financing activities 3,312 Interest on equity paid 17.5 10,021 8,408 Financing obtained - 779 12 And 13 852 (16,990) (159,764) (16,769) (159,764) (7,699) 852 (7,699) Acquisition of shares issued by the company Payment of financing 17.5 Lease payments 14 Changes in assets and liabilities (Increase) in trade accounts receivable (Increase) in inventories (Increase) in financial investments Decrease in taxes recoverable (153) 421,203 (Increase) decrease in judicial deposits (Increase) decrease in prepaid expenses Decrease in assets from indemnities (Increase) decrease in other assets Increase in suppliers (Decrease) in taxes and contributions Increase (decrease) in social and labor obligations Increase (decrease) in government subsidies (1,531) (Decrease) in provision for civil, labor and tax risks (34,473) Increase (decrease) in other liabilities (36,050) (470,168) (25,271) (468,556) (25,213) (26,028) (431,262) (24,838) (430,939) (21) (153) (21) 309,648 421,622 309,644 35,776 (2,141) 35,779 (2,144) 2,779 (2,487) 2,642 (2,518) 9,116 8,009 9,116 8,009 14,352 (10,634) 14,070 (10,590) 377,760 212,426 373,965 212,694 (6,369) (18,192) (7,036) (18,236) (273) 9,139 (565) 7,577 (1,531) (27,100) (34,473) 24,652 (36,311) Net cash generated (used) in financing activities Statement of increase in cash and cash equivalents At the beginning of the year (222,087) (84,999) (222,087) (84,999) 821,643 1,822,050 821,645 1,822,050 (12,850) (43,836) (12,850) (43,836) (755,985) (1,246,207) (763,269) (1,246,207) (42,324) (23,115) (42,324) (23,115) (211,603) 423,893 (218,885) 423,893 At the end of the year Increase in cash and cash equivalents 341,931 864,561 342,857 1,212,873 348,312 1,213,007 348,377 1,554,804 1,212,873 1,555,864 1,213,007 341,931 864,561 342,857 864,630 864,630 9,140 7,577 (27,100) 24,766 The notes are an integral part of the financial statements.
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