Corporación de Ferias y Exposiciones S A Usuario Operador de Zona Franca : Separate Statement of cash flows - March 2023

Note

1 January to March

1 January to March

31, 2023

31, 2022

Result for the period

$

(5.879.152)

(6.022.664)

Adjustments to reconciliation between the profit for the period and net cash (used in)

operating activities:

Depreciations

15a)

1.601.197

1.706.074

Amortization intangibles

15a)

807.926

942.973

Impairment accounts receivable

4

57.136

478.638

Recoveries of receivables

4

(37.730)

(327.550)

Interest accrued financial obligations

9

5.412.889

2.788.644

Recovery of provision for accounts payable

(114.548)

(570.873)

Loss equity method

15e)

(925.128)

92.393

Gain on valuation of investments in other financial assets

14b)

(31.885)

(25.236)

Implied interest contractual liability

15c)

13.293

6.575

Income tax

15d)

684.599

851.061

Effect of changes in foreign exchange difference on cash held for cash equivalents

(43.205)

(75.883)

1.545.392

(155.848)

Changes in assets and liabilities:

Accounts receivable

640.058

3.190.944

Inventories

441.666

(233.650)

Other non-financial assets

(924.650)

27.753

Net tax

(71.193)

(11.849)

Accounts payable

(13.225.892)

(13.312.225)

Employee benefits

-

6.000

Income received in advance

14.779.240

6.978.345

Provision

(2.110)

-

Interest paid financial obligations

9

(3.714.037)

(1.777.325)

Payment of income tax

5

(656.574)

(383.150)

NET CASH USED IN OPERATING ACTIVITIES

(1.188.100)

(5.671.005)

CASH FLOWS FROM INVESTMENT ACTIVITIES

Redemptions of investments in other financial assets

9.461

5.379

Loans to subordinated companies

4b)

(61.556)

(84.769)

Purchase of intangibles

-

(636.998)

Purchase of property and equipment

(154.505)

(7.972)

NET CASH USED IN INVESTING ACTIVITIES

(206.600)

(724.360)

CASH FLOWS FROM FINANCING ACTIVITIES

Capital payments of financial obligations

9

(5.348.769)

(628.496)

NET CASH USED IN FINANCING ACTIVITIES

(5.348.769)

(628.496)

DECREASE NET, IN CASH AND CASH EQUIVALENTS

(6.743.469)

(7.023.861)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIODO

56.135.864

30.411.316

Effect of changes in foreign exchange difference on cash held

43.205

75.883

CASH AND CASH EQUIVALENTS AT END OF PERIOD

3

$

49.435.600

23.463.338

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

Diana Milena Vargas Arcila

Diego Alejandro Corredor Ortiz

Legal Representative

Chief Accountant

Statutory Auditor

T.P. 133072 - 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 May 15, 2023)