Corporación de Ferias y Exposiciones S A Usuario Operador de Zona Franca : Consolidated financial statements - June 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 June 30, 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 June 30, 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 June a 30, 2023;
• The consolidated condensed interim statements of comprehensive income, six- and three- months period ended June 30, 2023.
• The consolidated condensed interim statements of changes in equity for the period of six months ended June 30, 2023.
• The condensed interim consolidated cash flow statement for the period of six - months ending on June 30, 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 June 30, 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 August 14, 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 June 30, 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 June a 30, 2023;
• The consolidated condensed interim statements of comprehensive income, six - and- three- months period ended June 30, 2023.
• The consolidated condensed interim statements of changes in equity for the period of six months ended June 30, 2023.
• The condensed interim consolidated cash flow statement for the period of six months ending on June 30, 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 June 30, 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 June 14, 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 June 30,2023 and December 31, 2022 (Figures in thousands of Colombian pesos )

	Note		June 30, 2023		December 31, 2022
ASSETS
Current assets
Cash and cash equivalent	3	$	56.621.082	59.696.625
Accounts receivable	5 and 18		33.826.655	32.470.518
Tax assets	6		12.156.234	9.345.367
Inventories			2.073.441	2.732.599
Other non-financial assets	7		4.980.151		548.282
Total current assets			109.657.563	104.793.391
Non-current assets
Joint venture investments	4		1.429.399	2.756.316
Other financial assets			5.027.762	5.025.629
Investments in associates	8		77.102.486	78.630.735
Intangibles	9		9.523.550	10.480.699
Property and equipment	10		477.237.127	473.532.897
Investment properties			75.987.774	75.987.774
Deferred tax asset, net			165.180		-
Total non-current assets			646.473.278	646.414.050
Total assets		$	756.130.841	751.207.441
LIABILITIES

Current liabilities
Financial debt	11 and 18
Accounts payable	12 and 18
Other non-financial liabilities	13
Income received in advance
Total current liabilities
Non-current liabilities
Financial debt	11
Employee benefits
Other provisions
Deferred tax liability, net
Total non-current liabilities
Total liabilities	$
EQUITY
Capital
Share Placement Premium
Reserves	14
Accumulated profit	15
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	Diana Milena Vargas Arcila
Legal Representative	Chief Accountant
	T.P. 133072 - T

30.644.605	26.775.034
41.460.668	50.354.952
419.810	392.548
43.897.972		21.708.134
116.423.055		99.230.668
114.601.495	126.939.442
1.529.664	1.529.664
4.799.183	4.809.793
54.756.339		54.794.757
175.686.681		188.073.656
292.109.736		287.304.324
1.673.920	1.673.920
43.451.721	43.451.721
155.282.541	142.210.054
269.018.374	268.719.943
(9.035.078)	(9.035.078)
3.629.627		16.882.557
464.021.105		463.903.117
756.130.841		751.207.441

(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 August 14, 2023 )