Corporación de Ferias y Exposiciones S A Usuario Operador de Zona Franca : Consolidated financial statements - March 2023

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 March 31, 2023, and December 31, 2022

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 March 31, 2023, 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 March a 31, 2023;
• The consolidated condensed interim statements of comprehensive income, three months period ended March 31, 2023.
• The consolidated condensed interim statements of changes in equity for the period of three months ended March 31, 2023.
• The condensed interim consolidated cash flow statement for the period of three months ending on March 31, 2023; 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 March 31, 2023, 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 May 15, 2023

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 March 31, 2023, 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 March a 31, 2023;
• The consolidated condensed interim statements of comprehensive income, three- months period ended March 31, 2023.
• The consolidated condensed interim statements of changes in equity for the period of three months ended March 31, 2023.
• The condensed interim consolidated cash flow statement for the period of three months ending on March 31, 2023; 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 March 31, 2023, 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 May 15, 2023

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 March 31,2023 and December 31, 2022
	(Figures in thousands of Colombian pesos )
	Note	March 31, 2023	December 31, 2022
ASSETS
Current assets
Cash and cash equivalent	3	$	54.260.802	59.696.625
Accounts receivable	5 and 17		31.590.054	32.470.518
Tax assets	6		10.104.935	9.345.367
Inventories			2.303.725	2.732.599
Other non-financial assets			1.799.504	548.282
Total current assets			100.059.020	104.793.391
Non-current assets
Joint venture investments	4		1.218.793	2.756.316
Other financial assets			5.048.054	5.025.629
Investments in associates	7		78.594.989	78.630.735
Intangibles	8		9.669.183	10.480.699
Property and equipment	9		471.795.309	473.532.897
Investment properties			75.987.774	75.987.774
Total non-current assets			642.314.102	646.414.050
Total assets		$	742.373.122	751.207.441
LIABILITIES
Current liabilities
Financial debt	10 and 17		26.514.301	26.775.034
Accounts payable	11 and 17		39.054.251	50.354.952
Other non-financial liabilities	12		405.841	392.548
Income received in advance			37.269.169	21.708.134
Total current liabilities			103.243.562	99.230.668
Non-current liabilities
Financial debt	10		123.334.818	126.939.442
Employee benefits			1.529.664	1.529.664
Other provisions			4.807.683	4.809.793
Deferred tax liability, net			54.945.070	54.794.757
Total non-current liabilities			184.617.235	188.073.656
Total liabilities		$	287.860.797	287.304.324
EQUITY
Capital			1.673.920	1.673.920
Share Placement Premium			43.451.721	43.451.721
Reserves	13		155.282.541	142.210.054
Accumulated profit	14		269.018.374	268.719.943
Other equity interests in equity			(9.035.078)	(9.035.078)
Result for the period			(5.879.153)	16.882.557
Total equity		$	454.512.325	463.903.117
Total liabilities and equity		$	742.373.122	751.207.441
See the Notes that form part of the Condensed Interim Consolidated Financial Statements.

(Original in spanish signed)	(Original in spanish signed)	(Original in spanish signed)
Andrés López Valderrama	Diana Milena Vargas Arcila	Diego Alejandro Corredor Ortiz
Legal Representative	Chief Accountant	Statutory Auditor
	T.P. 133072 - T	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 May 15, 2023 )