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

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

Condensed interim statements of cash flows

For nine months period ended September 30, 2022 and 2021

(Figures expresssed in thousands of Colombian pesos)

	Note		1 January to		1 January to
			September 30, 2022		September 30, 2021
Result for the period		$	7.035.319	(15.417.932)
Adjustments to reconciliation between the profit for the period and net cash provide in
(used in) operating activities:
Depreciations	13		5.077.747	5.258.474
Amortization intangibles	13		2.686.616	2.507.243
Impairment accounts receivable	4		881.890	348.263
Recoveries of receivables	4		(551.847)	(540.397)
Impairment of investments in other financial assets			32.757	-
Loss on sale and withdrawals of property and equipment			-	640
Recovery of provision for accounts payable			(899.842)	(59.777)
Loss equity method	13e)		(1.799.865)	431.377
Gain on valuation of investments in other financial assets			(75.303)	-
Implied interest contractual liability			4.353	4.617
Income tax	13d)		1.095.087	(471.064)
Effect of changes in foreign exchange difference on cash held for cash equivalents			(158.673)	(41.075)
			13.328.239		(7.979.631)
Changes in assets and liabilities:
Accounts receivable			(12.493.765)	(6.486.090)
Inventories			(704.618)	2.209
Other non-financial assets			(1.210.704)	(662.002)
Net tax			(135.655)	(24.716)
Accounts payable			3.912.403	(481.000)
Employee benefits			18.000	27.000
Income received in advance			15.026.293	5.661.834
Provision			(33.944)	(106.995)
Interest paid financial obligations	9		(6.613.975)	(6.735.913)
Payment of income tax	5		(3.104.645)	(962.291)
NET CASH PROVIDE IN (USED IN) OPERATING ACTIVITIES			7.987.629		(17.747.595)
CASH FLOWS FROM INVESTMENT ACTIVITIES
Redemptions of investments in other financial assets			28.720	(22.222)
Dividends received in cash from investments in other financial assets			-	570.391
Loans to subordinated companies	4b)		2.761.267	(1.204.849)
Purchase of intangibles			(1.291.412)	(1.986.596)
Purchase of property and equipment			(200.615)	(657.356)
NET CASH PROVIDED IN (USED IN) INVESTING ACTIVITIES			1.297.960		(3.300.632)
CASH FLOWS FROM FINANCING ACTIVITIES
Disbursement of financial obligations	9		10.732.943	5.806.677
Disbursement financial obligations	9		-	11.500.000
Capital payments of financial obligations	9		(5.821.848)	(1.885.589)
NET CASH PROVIDE IN FINANCING ACTIVITIES			4.911.095		15.421.088
INCREASE, (DECREASE) NET, IN CASH AND CASH EQUIVALENTS			14.196.684	(5.627.139)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIODO			30.411.316	17.087.824
Effect of changes in foreign exchange difference on cash held			158.673		41.075
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3	$	44.766.673	11.501.760
See the notes that form an integral part of the condensed interim financial statements.

(Original in spanish signed)	(Original in spanish signed)	(Original in spanish signed)
Andrés López Valderrama	Juan Carlos Sánchez	Diego Alejandro Corredor Ortiz
Legal Representative	Chief Accountant	Statutory Auditor
	T.P. 102419 - 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 November 11, 2022)