Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 300

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 300
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 risk

Impact of the new standards on the Group

The implementation of these standards and amendments had no material financial impact on the Group.

t. New standards and interpretations not yet adopted by the Group - applicable and mandatory for fiscal years beginning on or after January 1, 2025:

1 January 2025

• Lack of Exchangeability - Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates

1 January 2026

• Amendments to the Classification and Measurement of Financial Instruments - Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures

• Annual Improvements to IFRS Accounting Standards - Amendments to:

- IFRS 1 First-time Adoption of International Financial Reporting Standards;

- IFRS 7 Financial Instruments: Disclosures and its accompanying Guidance on implementing IFRS 7;

- IFRS 9 Financial Instruments;

- IFRS 10 Consolidated Financial Statements; and

- IAS 7 Statement of Cash flows

1 January 2027

• IFRS 18 Presentation and Disclosure in Financial Statements

• IFRS 19 Subsidiaries without Public Accountability: Disclosures

  Patria Investments Limited      F-25  

  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)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

Impact of the new standards on the Group

The implementation of these standards and amendments, once adopted, will not have a material financial impact on the Group.

5Group Structure

a. Consolidation and subsidiaries

The consolidated financial statements include the entities listed below, which are the Company’s direct or indirect subsidiaries:

                                                                  Principal Activities                                  Country of Incorporation      Functional Currency      Equity interest (direct or indirect) (%)                    
  Subsidiaries                                                                                                                                                                                             December 31,      December 31,  
                                                                                                                                                                                                                   2024              2023  
  Patria Finance Ltd.                                             Asset management & administration                     KY                            USD                                                        100.00            100.00  
  Patria Brazilian Private Equity III, Ltd.                       Investment fund manager                               KY                            USD                                                        100.00            100.00  
  PBPE General Partner IV, Ltd.