Interconexion Electrica S A : Retransmission of Financial Statements Third Quarter 2015

​ISA announces that the separate and consolidated financial statements for the 3rd quarter of 2015 under NIIF which were retransmitted in the XBRL taxonomy to the Financial Superintendence of Colombia present a difference with those initially presented on November 26 and 27, 2015, for the respective quarter, as it consequence of the application of the contents of article 11 of decree 2496 of 2015, section 2. This article allows entities to use the participation method to account for subsidiaries, joint ventures and associated in their separate financial statements.

The Company decided to apply in advance the modifications to the NIC 27 - Method Of Participation In Separate Financial Statements, generating an impact as of the transition date of the NIIF. Associated to this change, the Company decided to apply the exemption contained in paragraph 39 of NIC 12 with regard to the recognition of deferred taxes.

Therefore, all of these changes that were registered in the separate financial statements of the companies in the group to which they apply, were Incorporated in the consolidated financial statements.

The Financial Statements corresponding to the year 2015 already incorporate these concepts.

Separate financial statements

The impacts were seen in:

Assets:Increase in the investment in subsidiaries and joint ventures of $890.991.434 thousand pesos, product of the application of the equity participation method in the individual financial statements.

Liabilities: Decrease of deferred taxes of $523.757.371 thousand pesos, as a result of the adoption of the exemption contained in paragraph 39 of NIC 12

Equity:Increase in equity for application of the participation in subsidiaries and joint ventures method and the adjustment in deferred taxes.

Statement of Comprehensive results:The results of the period present an increase of $240.499.262 thousand pesos, explained by the increase in the application of the participation in subsidiaries and joint ventures method in $323.595.304 thousand pesos, compensated by lower income for the withdrawal of income for dividends of $77.789.213 thousand pesos and the adjustment in the provision for taxes in $5.306.829 thousand pesos.

Consolidated financial statements

The main impact was seen in:

Assets:Decrease of $26.137.721 thousand pesos, as a net result of the application of the exemption contained in paragraph 39 of NIC 12 concerning the recognition of deferred tax.

Liabilities:Decrease in deferred taxes of $526.269.073 thousand pesos, as a result mainly of the adoption of the exemption contained in paragraph 39 of NIC 12.

Equity:Increase of $500.131.352 thousand pesos, owing to the adjustment in the deferred tax mentioned above.

Statement of Comprehensive results:The results of the period present a decrease of $4.496.674 thousand pesos, mainly for the adjustment in the tax provision.