SABESP Files 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>SABESP has filed its 20-F annual report for the fiscal year ending December 31, 2023.</b>

AI Summary

COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP (SBS) filed a Foreign Annual Report (20-F) with the SEC on May 3, 2024. SABESP, Companhia de Saneamento Básico do Estado de São Paulo, filed its annual 20-F report. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Water Supply, SIC code 4941. SABESP is incorporated in D5 and its fiscal year ends on December 31. The filing was submitted on May 3, 2024.

Why It Matters

For investors and stakeholders tracking COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP, this filing contains several important signals. This filing provides a comprehensive overview of SABESP's financial performance and operations for the 2023 fiscal year, crucial for investors assessing the company's status. As a major water utility, SABESP's annual report offers insights into the regulatory environment and operational challenges within Brazil's essential services sector.

Risk Assessment

Risk Level: low — COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain new material events or significant financial shifts that would indicate high risk.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 20-F to understand SABESP's performance and outlook for 2024.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period of report)
• 2024-05-03 — Filing Date (Date of submission)
• 4941 — SIC Code (Water Supply industry)
• D5 — State of Incorporation (Legal jurisdiction)

Key Players & Entities

• COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP (company) — Filer name
• SBS (company) — Ticker symbol
• 20-F (document) — Form type
• 2024-05-03 (date) — Filing date
• 2023-12-31 (date) — Period of report
• 0001170858 (company) — Central Index Key
• 4941 (industry) — Standard Industrial Classification (Water Supply)
• RUA COSTA CARVALHO, 300 (address) — Business address

FAQ

Industry Context

SABESP operates in the water supply and sanitation sector, a critical infrastructure industry that is often subject to significant regulatory oversight and capital investment requirements.

Regulatory Implications

As a state-owned company, SABESP's operations and regulatory framework are influenced by government policies and public service mandates within São Paulo, Brazil.

What Investors Should Do

1. Review SABESP's detailed financial statements for FY2023.
2. Analyze the risk factors section for potential operational and regulatory challenges.
3. Compare FY2023 performance against previous years' trends.

Key Dates

• 2024-05-03: Filing of 20-F — Annual report submission for fiscal year 2023
• 2023-12-31: Fiscal Year End — End of reporting period for financial statements

Year-Over-Year Comparison

This is the initial filing of the 20-F for the fiscal year 2023, following the previous year's filing for FY2022.

Filing Documents

• sbsform20f_2023.htm (20-F) — 5946KB
• ex02-1.htm (EX-2.1) — 89KB
• ex12-1.htm (EX-12.1) — 8KB
• ex12-2.htm (EX-12.2) — 8KB
• ex13-1.htm (EX-13.1) — 3KB
• ex13-2.htm (EX-13.2) — 3KB
• ex15-1.htm (EX-15.1) — 3KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 1KB
• 0001292814-24-001825.txt (&nbsp;) — 24521KB
• sbs-20231231.xsd (EX-101.SCH) — 229KB
• sbs-20231231_cal.xml (EX-101.CAL) — 113KB
• sbs-20231231_def.xml (EX-101.DEF) — 585KB
• sbs-20231231_lab.xml (EX-101.LAB) — 801KB
• sbs-20231231_pre.xml (EX-101.PRE) — 782KB
• sbsform20f_2023_htm.xml (XML) — 6057KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 158 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 160 PART II 161 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 161 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 161 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 161 ITEM 16. [RESERVED] 165 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 165 ITEM 16B. CODE OF ETHICS 165 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 165 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 166 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY ISSUER AND AFFILIATED PURCHASERS 166 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 166 ITEM 16G. CORPORATE GOVERNANCE 167 ITEM 16H. MINE SAFETY DISCLOSURE 172 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 172 ITEM 16J. INSIDER TRADING POLICIES 172 ITEM 16K. CYBERSECURITY 172 PART III 174 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 174 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 174 ITEM 19. EXHIBITS 174 4 Table of Contents PRESENTATION OF FINANCIAL AND OTHER INFORMATION General We maintain our books and records in reais . We prepare our consolidated financial statements ("Consolidated Financial Statements") in accordance with International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board ("IASB"). Our audited consolidated financial statements as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023 ("2023 Consolidated Financial Statements") are included in this annual report on Form 20-F. All financial information for the year ended December 31, 2023 was prepared on a consolidated basis, while all financial information for the years ended December 31, 2022 and 2021 was prepared on an individual basis because we had no subsidiaries to consolidate in those years. Certain figures included in this annual report have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be an arithmetic aggregation of the figures which precede them. Proposed Privatization On February 28, 2023, the which has authority over corporate reorganization plans involving privatizations of state-owned companies, such as us, agreed to proceed with the hiring of consultancy services to assist with the studies into our proposed privatization, as proposed by the State of So Paulo ("Proposed Privatization"). In April 2023, the State of So Paulo government hired the International Finance Corporation ("IFC"), an agency of the World Bank, as an advisor for this process. On December 8, 2023, the State of So Paulo enacted State Law No. 17,853/2023, providing the authorization for our Proposed Privatization and its general guidelines. In accordance with this law, the State of So Paulo may reduce or

View Full Filing

View this 20-F filing on SEC EDGAR