Corporación de Ferias y Exposiciones S A Usuario Operador de Zona Franca : Consolidated financial statements - September 2021

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, 2021, and December 31, 2020

Report of the Statutory Auditor on the Review of the Interim Financial StatementsTo 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, 2021 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, 2021;
• The consolidated condensed interim statements of comprehensive income, three and nine- months period ended September 30, 2021;
• The consolidated condensed interim statements of changes in equity for the period of nine months ended September 30, 2021;
• The condensed interim consolidated cash flow statement for the period of nine months ending on September 30, 2021; and
• The notes to the interim financial statements.

The management of Corporación de Ferias y Exposiciones S.A. Usuario Operador de Zona Franca Beneficio 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 Septembre 30, 2021, 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 12, 2021

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, 2021, 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, 2021;
• The consolidated condensed interim statements of comprehensive income, three and nine- months period ended September 30, 2021;
• The consolidated condensed interim statements of changes in equity for the period of nine months ended September 30, 2021;
• The condensed interim consolidated cash flow statement for the period of nine months ending on September 30, 2021; 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 Interes Colectivo and subordinate, does not present, in all material aspects, its financial situation September 30, 2021, 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 Interes Colectivo

License TP 199078-T Member of KPMG S.A.S November 12, 2021

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 30,2021

(Figures in thousands of Colombian pesos )

	Note		September 30, 2021		December 31, 2020
ASSETS
Current assets
Cash and cash equivalent	3	$	13.347.794	17.490.960
Joint venture investments	4		-	-
Accounts receivable	5 and 23		14.530.376	7.049.533
Tax assets	6		1.396.118	334.526
Inventories	7		986.723	998.143
Other non-financial assets	8 and 23		1.689.473		1.017.962
Total current assets			31.950.484	26.891.124
Non-current assets
Other financial assets	9		9.286.943	9.264.723
Investments in associates	10		75.009.590	75.440.966
Intangibles	11		12.267.319	12.789.012
Property and equipment	12		484.347.726	489.732.163
Investment properties	13		78.666.868	78.666.868
Deferred Tax Assets			96.305		324.669
Total non-current assets			659.674.751	666.218.401
Total assets		$	691.625.235	693.109.525
LIABILITIES

Current liabilities
Financial debt	14
Accounts payable	15 and 23
Tax liabilities	16
Other non-financial liabilities	19
Income received in advance	17
Total current liabilities
Non-current liabilities
Financial debt	14
Employee benefits	18
Other provisions	18
Other non-financial liabilities	19
Deferred tax liability, net
Total non-current liabilities
Total liabilities	$
EQUITY
Capital
Share Placement Premium
Reserves	20
Accumulated profit	21
Accumulated losses
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

8.355.513	7.700.347
11.883.103	12.181.480
-	227.212
189.449	-
22.787.930		15.949.669
43.215.995		36.058.708
150.710.277	142.979.973
1.899.848	1.872.848
5.628.855	5.735.850
-	184.832
40.070.460		38.579.896
198.309.440		189.353.399
241.525.435		225.412.107
1.673.920	1.673.920
43.451.721	43.451.721
142.210.054	142.210.054
326.828.652	328.909.463
(43.740.311)	-
(4.807.429)	(4.807.429)
(15.516.807)		(43.740.311)
450.099.800		467.697.418
691.625.235		693.109.525

(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 12, 2021 )