Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 321

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 321
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2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

21Commitments

The Group is subject to commitments which occur in the normal course of business. The Group plans to fund these commitments out of existing facilities and internally generated funds.

a. Lease commitments

The lease commitments in which the Group is a lessee refer to the leasing of its office spaces located in Grand Cayman, Bogotá, London, Montevideo, New York, Santiago, São Paulo and Medellín.

The consolidated statement of financial position and the consolidated statement of profit or loss disclose the following amounts relating to leases:

Amounts recognized in the consolidated statement of financial position

                                                         December 31, 2024                  December 31, 2023              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Right-of-use assets                                                           29,243                             20,329  
  (-) Depreciation of right-of-use assets                         ( 8,204)                           ( 5,845)              
  Right-of-use assets                                                           21,039                             14,484  
  Lease liabilities (other current liabilities)                                  3,721                              3,014  
  Lease liabilities (other non-current liabilities)                             18,717                             12,822  
  Lease liabilities                                                             22,438                             15,836  

Amounts recognized in the consolidated statement of profit or loss

                                                                          2024          2023          2022  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Depreciation of right-of-use assets                                 ( 3,254)      ( 3,019)      ( 2,405)  
  Interest on lease liabilities                                       ( 1,382)      ( 1,243)      ( 1,807)  
  Amounts recognized in the consolidated statement of cash flows                                            
  Principal paid                                                      ( 3,229)      ( 2,156)      ( 1,652)  
  Interest on lease liabilities                                       ( 1,382)      ( 1,243)      ( 1,807)  

The notable lease movements that took place during the financial year ended December 31, 2024, are as follows:

(i) On February 22, 2024,