Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 318

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 318
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 Gain from bargain purchase                                 ( 158)                      15                 ( 142)                      36                 ( 107)                      31                  ( 64)  
  Mark-to-market adjustment (d)                                ( 5)                   ( 13)                  ( 18)                   ( 36)                  ( 53)                ( 2,316)               ( 2,251)  
  Impact of IFRS 16                                           ( 93)                     274                    176                    ( 4)                    174                      35                    166  
  Other                                                        ( 6)                      15                     14                    ( 8)                      1                    ( 7)                   ( 5)  
  Net deferred tax balance                                                         ( 1,565)                                                                                                                       
  Deferred tax assets                                                                                                                                                                                             
  Deferred tax liabilities                                        —                                              —                                              —                                       ( 1,774)  

(a) The temporary difference on derivative options arose from unrealized losses on the VBI put option. The Group exercised its option to acquire the remaining 50

(b) Deferred tax on temporary differences in the provision for employee profit-sharing.

(c) The deferred tax asset recognized on assessed losses relate to PILTDA and Tria. Based on recent financial forecasts, sufficient future taxable income will be available to utilize these assessed losses.

(d) MtM adjustments include a US$ 2,020

Realization of deferred tax assets raised on temporary differences and assessed losses

On December 31, 2024, the Group recognized deferred tax assets (DTA) to the value of US$ 15,824

In accordance with IAS 12 - Income Taxes, the Group performed an assessment regarding the realization of DTA raised and concluded that the full amount of the DTA recorded on December 31, 2024, will be realized within the next ten years. The Group continues to monitor the realization of DTA.

20Provisions and contingent liabilities

For the periods covered by these consolidated financial statements, the Group was not directly involved in lawsuits for which the possibility of loss was probable. Therefore, no provision was recorded pursuant to IAS 37 (Provisions, Contingent Liabilities, and Contingent Assets) relating to any of the below matters.

Tax Matters

(a) On December 16, 2019, the Brazilian Federal Revenue Service issued a tax assessment notice against one of the Group’s subsidiaries (Patria Investimentos Ltda), to demand the collection of Social Integration Program