GRUPO ENERGIA BOGOTA S.A. E.S.P.

SEPARATED STATEMENTS OF FINANCIAL POSITION FOR THE PERIODS ENDED SEPTEMBER 30, 2021 AND DECEMBER 31, 2020 (Expressed in millions of colombian pesos (Col$) and thousands of Dollars)

December 31

September 30

2020

2021

% Part.

Variation

Variation %

USD

ASSETS

CURRENT ASSETS

Cash and cash equivalents

Col$

$

31.178

Col$

$

1.231.850

5,28%

1.200.672

3851,02 %

USD

$

321.239

Investments

1.069.688

643.396

2,76%

(426.292)

(39,85)%

167.783

Account receivables

69.958

85.025

0,36%

15.067

21,54 %

22.173

Receivables due from related parties

213.722

597.243

2,56%

383.521

179,45 %

155.748

Tax assets

54.818

80.862

0,35%

26.044

47,51 %

21.087

Inventories

16.064

17.941

0,08%

1.877

11,68 %

4.679

Hedging operations

5.057

81.656

0,35%

76.599

1514,71 %

21.294

Other assets

11.014

5.843

0,03%

(5.171)

(46,95)%

1.524

1.471.499

2.743.816

11,76%

1.272.317

86,46 %

715.527

Non- current assets available for sale

180.809

180.809

0,78%

-

0,00%

47.151

Total current assets

1.652.308

2.924.625

12,54%

1.272.317

77,00 %

762.678

NON CURRENT ASSETS

Investments in subordinates

7.010.035

7.295.390

31,27%

285.355

4,07 %

1.902.477

Investment in associates

8.604.824

8.241.420

35,33%

(363.404)

(4,22)%

2.149.181

Property, plant and equipment

2.489.311

2.748.719

11,78%

259.408

10,42 %

716.805

Right of use

2.686

22

0,00%

(2.664)

(99,18)%

6

Property Investments

29.832

30.125

0,13%

293

0,98 %

7.856

Investments

11.924

9.767

0,04%

(2.157)

(18,09)%

2.547

Account receivables

16.910

18.534

0,08%

1.624

9,60 %

4.833

Accounts receivable from related parties

1.589.275

1.940.903

8,32%

351.628

22,13 %

506.145

Intangible assets

89.085

119.198

0,51%

30.113

33,80 %

31.084

Total non-current assets

19.843.882

20.404.078

87,46%

560.196

2,82 %

5.320.934

Total assets

$

21.496.190

$

23.328.703

100,00%

1.832.513

8,52 %

$

6.083.612

EQUITY AND LIABILITIES

CURRENT LIABILITIES

Borrowings

$

49.069

$

50.460

0,22%

1.391

2,83 %

13.157

Trade payables

83.598

1.616.360

6,93%

1.532.762

1833,49 %

421.511

Payables due from related parties

182.563

245.989

1,05%

63.426

34,74 %

64.149

Employee Benefit Provisions

54.575

53.638

0,23%

(937)

(1,72)%

13.988

Tax liabilities

11.503

51.396

0,22%

39.893

346,81 %

13.403

Other liabilities

242

243

0,00%

1

0,41 %

63

Lease Obligations

2.760

23

0,00%

(2.737)

(99,17)%

6

Total current liabilities

384.310

2.018.109

8,65%

1.633.799

425,13 %

526.277

NON-CURRENT LIABILITIES

Borrowings

6.317.583

6.624.480

28,40%

306.897

4,86 %

1.727.518

Payables due from related parties

100.000

99.717

0,43%

(283)

(0,28)%

26.004

Employee Benefit Provisions

158.863

149.026

0,64%

(9.837)

(6,19)%

38.863

Other provisions

73.459

75.617

0,32%

2.158

2,94 %

19.719

Deferred tax liabilities

217.333

220.755

0,95%

3.422

1,57 %

57.568

Other liabilities

939

930

0,00%

(9)

(0,96)%

243

Total non-current liabilities

6.868.177

7.170.525

30,74%

302.348

4,40 %

1.869.915

Total liabilities

7.252.487

9.188.634

39,39%

1.936.147

26,70 %

2.396.192

SHAREHOLDERS' EQUITY

Issued capital

492.111

492.111

2,11%

-

0,00%

128.332

Share Premium

837.799

837.799

3,59%

-

0,00%

218.480

Reserves

4.070.324

4.078.312

17,48%

7.988

0,20 %

1.063.534

Retained earnings

6.246.332

5.372.512

23,03%

(873.820)

(13,99)%

1.401.033

Other comprehensive income

2.597.137

3.359.335

14,40%

762.198

29,35 %

876.041

Total shareholders' equity

14.243.703

14.140.069

60,61%

(103.634)

(0,73)%

3.687.420

Total equity and Liabilities

$

21.496.190

$

23.328.703

100,00%

1.832.513

8,52 %

$

6.083.612

0

- 3 -

GRUPO ENERGIA BOGOTA S.A. E.S.P.

SEPARATED STATEMENTS OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME FOR THE PERIODS ENDED SEPTEMBER 30, 2021 AND 2020

(Expressed in millions of colombian pesos (Col$) and thousands of Dollars, except earnings per share)

For the three-month period ended september 30

For the nine-month period ended september 30

2020

2021

Variation

% Var

2020

2021

Variation

% Var

USD

Revenues - Electricity transmission

$

143.642

$

152.722

$

9.080

6,32 %

$

427.405

$

440.977

$

13.572

3,18 %

USD $

119.276

Costs - Electricity transmission

(45.290)

(45.691)

(401)

0,89 %

(128.574)

(133.349)

(4.775)

3,71 %

(36.069)

Gross profit

98.352

107.031

8.679

8,82 %

298.831

307.628

8.797

2,94 %

83.208

EXPENSES

Strategic business groups

(24.511)

(42.450)

(17.939)

73,19 %

(102.310)

(110.641)

(8.331)

8,14 %

(29.926)

Administrative expenses

(17.434)

(12.006)

5.428

(31,13)%

(48.326)

(41.819)

6.507

(13,46)%

(11.311)

Other income (expense), net

8.904

(4.944)

(13.848)

(155,53)%

27.486

4.357

(23.129)

(84,15)%

1.178

Result of operational activities

65.311

47.631

(17.680)

(27,07)%

175.681

159.525

(16.156)

(9,20)%

43.149

Financial income

(2,51)%

(11,31)%

39.545

38.551

(994)

117.078

103.831

(13.247)

28.084

Financial costs

(88.804)

(90.251)

(1.447)

1,63 %

(241.507)

(248.181)

(6.674)

2,76 %

(67.129)

Revenues (expenses) from exchange difference, net

(56.602)

5.329

61.931

(109,41)%

(82.415)

(103.267)

(20.852)

25,30 %

(27.932)

Share of profit of associates and subordinates

527.083

718.846

191.763

36,38 %

1.649.479

1.970.388

320.909

19,46 %

532.955

Profit before taxes

486.533

720.106

233.573

48,01 %

1.618.316

1.882.296

263.980

16,31 %

509.128

Less income tax expense

(7.561)

(9.725)

(2.164)

28,62 %

76.029

(14.655)

(90.684)

(119,28)%

(3.964)

Profit for the period

478.972

710.381

231.409

48,31 %

1.694.345

1.867.641

173.296

10,23 %

505.164

Other comprehensive income for the period, net of income tax

Other comprehensive income for the period, net of income tax

214.517

(51.873)

(266.390)

(124,18)%

993.374

762.198

(231.176)

(23,27)%

206.161

Total comprehensive income

$

693.489

$

658.508

$

(34.981)

(5,04)%

$

2.687.719

$

2.629.839

$

(57.880)

(2,15)%

$

711.325

- 4 -

GRUPO ENERGIA DE BOGOTA S.A. E.S.P.

SEPARATED CASH FLOW STATEMENTS

FOR THE PERIODS ENDED SEPTEMBER 30, 2021 AND 2020 (Expressed in millions of colombian pesos (Col$) )

For the nine-month period ended september 30

2021

2020

CASH FLOWS OF OPERATING ACTIVITIES:

Net profit

$

1.867.641

$

1.694.345

Adjustments to reconcile net income with net cash provided by the operation activities:

Current income tax

37.884

Deferred income tax

(23.229)

(76.029)

Depreciation and amortization

30.174

32.156

Asset withdrawals

1.196

-

Exchange difference

103.267

82.415

Provisions (recoveries), net

1.997

(1.072)

Financial expenses

248.181

241.507

Financial income

(103.831)

(117.078)

Share of profit of associates and subordinates

(1.970.388)

(1.649.479)

192.892

206.765

NET CHANGES IN ASSETS AND LIABILITIES OF THE OPERATION:

Accounts receivable

(8.637)

2.993

Inventories

(29)

(3.756)

Other assets

5.172

(4.964)

Accounts payable

(81.559)

(22.601)

Provisions for benefits to employees

(17.997)

(18.634)

Other Provisions

(1.977)

(2.486)

Liabilities for use rights

(1.450)

(4.132)

other passives

(11)

-

Tax

(11.852)

14.327

Net cash flow provided by operating activities

74.552

167.512

CASH FLOWS FROM INVESTING ACTIVITIES

capitalizations in associates

(8.531)

-

Investment in subordinate

(13.408)

(22.494)

Considera?on paid in the acquisi?on of associates and joint ventures

-

(1.366.930)

Dividends Received

2.310.844

945.227

Interest Received

86.260

98.092

Related parties

(168.760)

12.973

Financial assets

522.536

3.942

Acquisition of property, plant and equipment

(285.959)

(175.198)

Acquisi?on of investment proper?es

-

-

Acquisition of intangible assets

(33.476)

(23.944)

Net cash flow provided (used) in investment activities

2.409.506

(528.332)

CASH FLOWS FROM FINANCING ACTIVITIES:

Dividends paid

(893.162)

(642.682)

Related parties

1.248

100.709

Related par?es interests

(5.576)

Interest paid

(192.968)

(259.194)

Loans Received

3.983.408

Loans paid

(194.156)

(2.030.766)

Net cash flow (used) provided in financing activities

(1.284.614)

1.151.475

NET CASH INCREASE

1.199.444

790.655

Effect on changes in the exchange rate in cash held under foreign currency

1.228

80.274

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR

31.178

95.665

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

$

1.231.850

$

966.594

95.665

611.125

- 6 -

Attachments

Disclaimer

Grupo Energía Bogotá SA ESP published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 22:09:03 UTC.