Slides of my presentation about Bematech transition to IFRS in the Pittsburgh EMBA.

1. IFRS1Project
AndréFariaGomes
afg26@pitt.edu
FINANCIAL ACCOUNTING
IFRS1Project
Professor Theresa Hilliard

2. 1.Background

3. Bematech is a leading commercial automation company, delivering POS
hardware, solutions, services and training to increase efficiency in retail

4. The company offers a broadportfolio of integrated solutions specializing in
smallandmidsized businesses, offered through a wide distribution network
that covers over 415,000pointsofsalein37countries.

5. In2010,BematechoperatedfourR&Dexcellencecenters,withover1,140professionals
inBrazil,China,TaiwanandtheUSAandmorethan4,000resellersinBrazil

6. ScenarioBrazil2010
6% Retail Revenue Growth in 2010.
R$ 100+ Billion Market
3.4 Trillion Invested in IT (5.4% more than 2009)
51% of all ECFs (“tax printers”) were produced by Bematech
Growth Pushed by new IT Obligations regarding Taxes (SPEDs)
Reduction of tax evasion (sonegação) in Brazil

7. 3revenuestreams:Hardware,SoftwareandServices

8. 2.FinancialStatements

9. BalanceSheet
Limitedinventorycomparedtocash
Similarcurrentandnoncurrentbalances

10. BalanceSheet
Similarcurrentandnoncurrentbalances-Equitysuperiortoliabilities

11. IncomeStatement
+20%growthinnetincomein2010

12. StatementsofCashFlows
(In thousands of Reais)
positiveCF
decreasein investments

13. 3.FinancialRatios

14. CurrentRatio
BRGAAP IFRS
2.68 2.78

15. AcidRatio
BRGAAP IFRS
2.39 2.49

16. InventoryTurnOverRatio
BRGAPP IFRS
6.84 7.01
COGS=191,236

17. ProfitMargin
BRGAPP IFRS
10.49% 10.49%

18. 4.IFRSTransition
ReconcilingItems

19. TransitiontoIFRS
(In thousands of Reais)

20. TransitiontoIFRS
a) Amortizationofintangibleassets:
Intangible assets should be amortized according to
their estimated useful life
g) Acquisitionofinvestments: we recognized the
estimated amount payable with respect to the
acquisitions made prior to this date

21. TransitiontoIFRS
(In thousands of Reais)

22. TransitiontoIFRS
(In thousands of Reais)
b) Proposeddividends:
Only the mandatory minimum dividends are recognized
as a liability before approval by the shareholders.
(25% of the adjusted profit)
The adjustments presented refer to the dividends that were recognized
as liabilities by the company in an amount greater than the
aforementioned mandatory minimum percentage.

23. 5.FurtherInformation

24. Bematech2010+
The company continued to grow over the years and kept its inventory relatively low

25. AndréFariaGomes
afg26@pitt.edu
Thankyou!