Cencosud S A : Financial Statements as of December 2022 (ENG)

Cencosud S.A. and Affiliates

Financial Statements

Consolidated

as of December 31, 2022

Index to the financial statements

CONSOLIDATED FINANCIAL STATEMENTS.

• CONSOLIDATED STATEMENT OF FINANCIAL POSITION.
• CONSOLIDATED STATEMENT OF PROFIT AND LOSSES.
• CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME.
• CONSOLIDATED STATEMENT OF CHANGES IN EQUITY.
• CONSOLIDATED STATEMENT OF CASH FLOWS.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS.

1. GENERAL INFORMATION
2. SUMMARY OF THE MAIN ACCOUNTING POLICIES.

1. Presentation basis.
2. New standards and interpretations adopted by the Company.
3. Consolidation basis.
4. Subsidiary Entities.
5. Foreign Currency Transactions.
6. Financial information by operating segments.
7. Properties, plants and equipment.
8. Investment properties.
9. Intangible assets.
10. Interest costs.
11. Impairment loss of non-financial assets.
12. Financial assets.
13. Derivative financial instruments and hedging activity.
14. Current inventories.
15. Trading accounts and other accounts receivable.
16. Cash and cash equivalents.
17. Loans and other financial liabilities.
18. Trading accounts payable and other accounts payable.
19. Provisions.
20. Employee Benefits.
21. Revenue recognition.
22. Deferred income.
23. Operating Leases.
24. Current income tax and deferred income taxes.
25. Distribution of dividends.
26. Paid-inCapital.
27. Share-basedpayments.
28. Cost of sales.
29. Other expenses by function.
30. Distribution costs.
31. Administrative expenses.
32. Changes in accounting policies.
33. Transactions that do not represent cash movements.

3. RISK MANAGEMENT POLICY.

1. Characterization of financial instruments constituting positions.
2. Characterization of financial risks.

4. ESTIMATES, JUDGMENTS OR CRITERIA APPLIED BY MANAGEMENT.

1. Estimation of the impairment of assets with an indefinite useful life.
2. Estimation of impairment of accounts receivable.
3. Investment property.
4. Fair value of derivatives.

1. CASH AND CASH EQUIVALENTS.
2. OTHER CURRENT AND NON-CURRENT FINANCIAL ASSETS.

7. DERIVATIVE AND NON-DERIVATIVE FINANCIAL INSTRUMENTS.

1. Financial assets and liabilities not qualified as hedging.
2. Financial assets and liabilities qualified as hedging.
3. Derivative assets and liabilities designated as hedging.
4. Non-derivativefinancial liabilities designated as hedge

1. TRADING ACCOUNTS RECEIVABLE AND OTHER CURRENT AND NON-CURRENT ACCOUNTS RECEIVABLE.
2. BALANCES AND TRANSACTIONS WITH RELATED PARTIES.

1. Accounts receivable from related entities.
2. Accounts payable to related entities.
3. Related transactions and their effects on results.
4. Board of directors and senior management of the company.
5. Remuneration of the Board of Directors.
6. Remuneration of senior management.

1. CURRENT INVENTORIES.
2. INVESTMENTS IN ASSOCIATES RECORDED FOLLOWING THE EQUITY METHOD.

1. Detail of the investments in associates.
2. Relevant information summarized from the associates.

1. INTANGIBLE ASSETS OTHER THAN GOODWILL.
2. GOODWILL.

1. Measurement of the recoverable value of goodwill.
2. Goodwill by business segment and country.
3. Main assumptions used in the annual test.
4. Business combinations

14. PROPERTIES, PLANTS AND EQUIPMENT.

1. Composition of the items.
2. Useful lives.
3. Reconciliation of changes in properties, plants and equipment current exercise.
4. Reconciliation of changes in properties, plants and equipment previous year.
5. Investment policies in fixed assets.
6. Interest costs.
7. Assets subject to financial leases.
8. Properties granted under warranty.
9. Commitments for the acquisition of properties, plants and equipment.
10. Essential assets that are temporarily out of service.
11. Fully depreciated relevant assets.
12. Impairment losses recognized in the year.
13. Fair value of properties, plants and equipment.
14. Recognized revaluation in equity.
15. Main concepts that compose each asset class.

15. INVESTMENT PROPERTY.

1. Composition of the item.
2. Movement of the investment property.
3. Income and expenses arising from the valuation of investment property.
4. Investment property granted as collateral.
5. Commitments for the acquisition of investment property.
6. Ownership Restrictions.
7. Costanera Center Project.

16. DEFERRED TAXES.

1. Compensation of items.
2. Deferred tax assets.
3. Deferred tax liabilities.
4. Deferred tax movements.
5. Current and non-current tax assets and liabilities.

17. OTHER CURRENT AND NON-CURRENT FINANCIAL LIABILITIES.

1. Detail of the financial liabilities.
2. Obligations with banks - breakdown of currencies and maturities.
3. Obligations to the public (bonds).
4. Other financial liabilities (Hedging Derivatives)
5. Reconciliation for liabilities arising from financing activities.
6. Restrictions.
7. Company`s financial ratios.

1. TRADING ACCOUNTS PAYABLE AND OTHER ACCOUNTS PAYABLE.
2. OTHER CURRENT AND NON-CURRENT PROVISIONS.

1. Classes of provisions.
2. Movement of provisions.

1. OTHER CURRENT AND NON-CURRENTNON-FINANCIAL LIABILITIES.
2. EMPLOYEE BENEFITS.

21.1. Staff holidays and bonuses.

1. OTHER CURRENT AND NON-CURRENTNON-FINANCIAL ASSETS.
2. EQUITY.

1. Subscribed and paid-in capital.
2. Number of authorized shares.
3. Dividends.
4. Other reserves.
5. Non-controllingparticipations.

24. REVENUE.

1. Detail of income from ordinary activities.
2. Agreements between the Group, Banco Colpatria Red Multibanca S.A., ("Colpatria") and Banco Bradesco S.A., ("Bradesco") in their subsidiaries in Colombia and Brazil respectively.

25. COMPOSITION OF RELEVANT RESULTS.

1. Expenses by nature.
2. Personnel expenses.
3. Depreciation and amortization.
4. Other gains (losses).
5. Other income.
6. Financial results.

1. INCOME TAX EXPENSES.
2. EARNINGS PER SHARE.
3. INFORMATION BY SEGMENT.

1. Segmentation criteria.
2. Regional information by segment.
3. Gross margin by country and segment.
4. Regional information by segments: Assets by segments.
5. Regional information by segments: Commercial accounts payable and other accounts payable.
6. Information on assets, liabilities, and net investment by country.
7. Revenue between segments and third parties.
8. Long-termassets by country.
9. Consolidated cash flows by segment.
10. Amount of non-current asset additions.

29. CONTINGENCIES, LEGAL ACTIONS AND CLAIMS.

1. Civil contingencies.
2. Tax contingencies.

30. LEASES.

1. As a Lessor.
2. As a Lesee.

31. GUARANTEES COMMITTED TO THIRD PARTIES.

1. Direct guarantees.
2. Guarantees received by projects.
3. Guarantees granted.
4. Debt balances for credits with direct guarantee.

1. DISTRIBUTION OF PERSONNEL.
2. SHARES-BASEDPAYMENTS.
3. FOREIGN CURRENCY TRANSACTIONS.
4. ENVIRONMENT.
5. SANCTIONS.
6. SUBSEQUENT EVENTS.

INDEPENDENT AUDITOR'S REPORT.