Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 314

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 314
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 from Moneda for acquisition of MAM I.

*** Goodwill and fair value adjustments to assets and liabilities allocated to Colombia includes the impact from acquisition of Patria Asset Management (“ PAM”) and Nexus.

**** Goodwill and fair value adjustments to assets and liabilities allocated to the United Kingdom includes the impact from the carve-out acquisition of GPMS.

15Personnel and related taxes payable

                                                                     December 31, 2024                          
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Personnel and related taxes                                                                5,616       2,393  
  Accrued vacation and related charges                                                       3,452       2,810  
  Employee profit sharing (a)                                                               28,201      23,569  
  Personnel and related taxes payable - current liabilities (c)                             37,269      28,772  
  Strategic bonus (b)                                                              787                   2,946  
  Personnel - non-current liabilities (c)                                          787                   2,946  

(a) The Group recognizes a provision for payment of profit sharing to employees, according to conditions approved by management, which is recorded as personnel expenses in the consolidated statement of profit or loss. The balance on December 31, 2024, of US$ 28,201

(b) The Group provides a long-term bonus (the “ Strategic bonus”) for a group of its employees in exchange for long terms of service. Moneda is responsible for the operation and settlement of the Strategic bonus with the objective of retaining key or strategic employees and provide alignment between employees and clients. An amount of US$ 1.6 0.8 1.3

(c) Deferred consideration payable to key employees of acquired business is disclosed as consideration payable on acquisition - refer to note 21(b) and not included under note 15 above.

  Patria Investments Limited      F-43  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

16Loans

The Group has entered into several credit agreements with leading financial institutions. All the following agreements were made with Patria Finance Ltd. (PFL) as the counterparty