Corporación de Ferias y Exposiciones S A Usuario Operador de Zona Franca : Consolidated financial statement september 2022

CORPORACIÓN DE FERIAS Y EXPOSICIONES S.A. USUARIO OPERADOR DE ZONA FRANCA BENEFICIO E INTERES COLECTIVO AND SUBORDINATED

Condensed Consolidated Interim Financial Statements

As of September 30 2022, and December 31, 2021

Report of the Statutory Auditor on the Review of the Interim Financial Statements

To the Shareholders

Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interés Colectivo

Introduction

I have reviewed consolidated condensed interim statements of financial information that is attached as of September 30, 2022, of Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interés Colectivo and subordinate, which comprise:

• The consolidated condensed interim statements of financial position at September a 30, 2022;
• The consolidated condensed interim statements of comprehensive income, three- and nine- months period ended September 30, 2022;
• The consolidated condensed interim statements of changes in equity for the period of nine months ended September 30, 2022.
• The condensed interim consolidated cash flow statement for the period of nine months ending on September 30, 2022; and
• The notes to the interim financial statements.

The management of Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Bneficio e Interes Colectivo is responsible for the adequate preparation and presentation of these consolidated condensed interim statements of financial information, in accordance with the International Accounting Standard 34 (IAS 34) - Interim Financial Information contained in financial information accounting standards accepted in Colombia. My responsibility consists of expressing a conclusion of these interim consolidated financial statements based on my review.

Scope of the review

I have made my review in accordance with the International Standard on Review Engagements 2410 "Review of financial information performed by the independent auditor of the entity", in included in the standards for Information Assurance accepted in Colombia. A review of interim financial information consists of making enquiries, with persons responsible for financial and accounting matters, and the application of analytical procedures and other review procedures. A review of interim financial information is substantially smaller in scope than an audit made in accordance with international standards, and therefore, does not allow me to obtain the certainty of having had knowledge of all significant matters which could have been identified by an audit. I therefore do not express an audit opinion.

Conclusion

Based on my review, nothing has called my attention to make me suppose that the interim consolidated financial information does not present, in all material aspects, its financial situation September 30, 2022, which is attached, in accordance with the International Standard of Accounting 34 (IAS 34) - Intermediate Financial Information contained in the Accounting and Financial Information Standards accepted in Colombia.

(Original in spanish signed)

Diego Alejandro Corredor Ortiz

Deputy Statutory Auditor

Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interés Colectivo

License TP 199078-T Member of KPMG S.A.S November 11, 2022

Report of the Statutory Auditor of Reporting in Extensible Business Reporting Language

(XBRL)

To the Shareholders

Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interés Colectivo:

Introduction

I have reviewed the report in consolidated Extensible Business Reporting Language (XBRL) as of September 30, 2022, which include the condensed interim statements of financial information of Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interes Colectivo and subordinate, which comprise:

• The consolidated condensed interim statements of financial position at September a 30, 2022;
• The consolidated condensed interim statements of comprehensive income, three- and nine- months period ended September 30, 2022.
• The consolidated condensed interim statements of changes in equity for the period of nine months ended September 30, 2022.
• The condensed interim consolidated cash flow statement for the period of nine months ending on September 30, 2022; and
• The notes to the interim financial statements.

The management is responsible for the adequate preparation and presentation of these in Extensible Business Reporting Language (XBRL) that incorporates interim consolidated statements of financial information, in accordance with the International Accounting Standard 34 (IAS 34) - Interim Financial Information contained in financial information and accounting standards accepted in Colombia and presentation the Extensible Business Reporting Language (XBRL) as instructed by the Colombian Financial Superintendency (Superintendencia Financiera de Colombia) . My responsibility consists of expressing a conclusion of Extensible Business Reporting Language (XBRL) that incorporates financial information interim consolidate, based on my review.

Scope of the review

I have made my review in accordance with the International Standard on Review Engagements 2410 "Review of financial information performed by the independent auditor of the entity", in included in the standards for Information Assurance accepted in Colombia. A review of interim financial information consists of making enquiries, with persons responsible for financial and accounting matters, and the application of analytical procedures and other review procedures. A review of interim financial information is substantially smaller in scope than an audit made in accordance with international standards, and therefore, does not allow me to obtain the certainty of having had knowledge of all significant matters which could have been identified by an audit. I therefore do not express an audit opinion.

Conclusion

Based on my review, nothing has called my attention to make me suppose that Extensible Business Reporting Language (XBRL), that incorporate report of the interim consolidated financial information of Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interés Colectivo and subordinate, does not present, in all material aspects, its financial situation September 30, 2022, in accordance with the International Accounting Standard 34 (IAS 34) - Interim Financial Information contained in financial information accounting standards accepted in Colombia and as instructed by the Colombian Financial Superintendency (Superintendencia Financiera de Colombia).

(Original in spanish signed)

Diego Alejandro Corredor Ortiz

Deputy Statutory Auditor

Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interés Colectivo

License TP 199078-T Member of KPMG S.A.S November 11, 2022

CORPORACIÓN DE FERIAS Y EXPOSICIONES S.A. USUARIO OPERADOR DE ZONA FRANCA BENEFICIO E INTERES COLECTIVO AND SUBSIDIARIES

Consolidated Interim Condensed Statements of Financial Position

At September 30,2022

(Figures in thousands of Colombian pesos )

	Note		September 30, 2022		December 31, 2021
ASSETS
Current assets
Cash and cash equivalent	3	$	49.406.452	36.592.626
Joint venture investments	4		-	-
Accounts receivable	5 and 15		34.629.692	22.340.582
Tax assets	6		6.596.855	3.248.606
Inventories			1.351.595	616.024
Other non-financial assets			1.730.093		310.070
Total current assets			93.714.687	63.107.908
Non-current assets
Accounts receivable	5		218.680	-
Other financial assets			6.123.655	6.109.829
Investments in associates	7		75.765.524	76.208.895
Intangibles	8		10.240.647	11.657.079
Property and equipment	9		476.563.301	482.290.455
Investment properties			79.676.854	79.676.854
Deferred Tax Assets			161.513		235.496
Total non-current assets			648.750.174	656.178.608
Total assets		$	742.464.861	719.286.516
LIABILITIES

Current liabilities
Financial debt	10
Accounts payable	11 and 15
Income received in advance	12
Other non-financial liabilities
Total current liabilities
Non-current liabilities
Financial debt	10
Employee benefits
Other provisions
Deferred tax liability, net
Total non-current liabilities
Total liabilities	$
EQUITY
Capital
Share Placement Premium
Reserves
Accumulated profit
Other equity interests in equity
Result for the period
Total equity	$
Total liabilities and equity	$

See the Notes that form part of the Condensed Interim Consolidated Financial Statements.

(Original in spanish signed)	(Original in spanish signed)
Andrés López Valderrama	Juan Carlos Sánchez
Legal Representative	Chief Accountant
	T.P. 102419 - T

22.746.899	11.783.461
38.709.317	37.028.460
32.136.540	17.259.899
359.039		354.686
93.951.795		66.426.506
133.748.216	146.750.890
1.629.330	1.611.330
5.075.849	5.109.793
41.299.842		40.204.754
181.753.237		193.676.767
275.705.032		260.103.273
1.673.920	1.673.920
43.451.721	43.451.721
142.210.054	142.210.054
279.767.155	283.088.341
(7.919.607)	(7.919.607)
7.576.586		(3.321.186)
466.759.829	459.183.243
742.464.861		719.286.516
-	-

(Original in spanish signed) Diego Alejandro Corredor Ortiz Statutory Auditor

Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio e Interes Colectivo

T.P. 199078 - T

Member of KPMG S.A.S.

(See my Report of November 11, 2022 )