Corporación de Ferias y Exposiciones S A Usuario Operador de Zona Franca : Separate Statement of cash flows - September 2021

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, 2021 (Figures expresssed in thousands of Colombian pesos)

	Note		1 January to		1 January to September
			September 30, 2021	30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Result for the period		$	(15.417.932)	(37.523.692)
Adjustments to reconciliation between the profit for the period and net cash used in
operating activities:
Depreciations	11 and 22a)		5.258.474	4.951.699
Amortization intangibles	10 and 22a)		2.507.243	2.304.064
Impairment accounts receivable	4 and 22g)		348.263	1.341.931
Recoveries of receivables	4 and 22g)		(540.397)	(597.155)
Loss on sale and withdrawals of property and equipment	11		640	-
Recovery of provision for accounts payable	21b)		(59.777)	(1.112.784)
Loss equity method	22f)		431.377	2.749.908
Implied interest contractual liability	18		4.617	5.394.057
Income tax	22e)		(471.064)	(3.259.189)
			(7.938.556)		(25.751.161)
Changes in assets and liabilities:
Accounts receivable			(7.690.939)	8.149.389
Inventories			2.209	195.335
Other non-financial assets			(662.002)	(833.069)
Net tax			(772.474)	688.610
Accounts payable			(481.000)	(31.941.953)
Employee benefits			27.000	27.000
Income received in advance			5.661.834	15.104.655
Provision			(106.995)	-
Interest paid financial obligations	13		(6.735.913)	(2.787.464)
Payment of income tax			(214.533)	-
NET CASH USED IN OPERATING ACTIVITIES			(18.911.369)		(37.148.658)
CASH FLOWS FROM INVESTMENT ACTIVITIES
Investments	8		(22.222)	(10.223)
Dividends recieived gtom investments in other financial assets	21b)		570.391	1.208.003
Purchase of intangibles	10		(1.986.596)	(299.364)
Investment properties	12		-	(46.661)
Purchase of property and equipment	11		(657.356)	(3.182.081)
NET CASH USED IN INVESTING ACTIVITIES			(2.095.783)		(2.330.326)
CASH FLOWS FROM FINANCING ACTIVITIES
Contractual liability			-	649.957
Financial Obligations	13		5.806.677	5.643.821
Disbursement financial obligations	13		11.500.000	44.500.000
Payment to capital financial obligations	13		(1.885.589)	(24.202.350)
Cash dividends paid			-	(1.947)
NET CASH PROVIDE IN FINANCING ACTIVITIES			15.421.088		26.589.481
DECREASE NET, IN CASH AND CASH EQUIVALENTS			(5.586.064)	(12.889.503)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIODO			17.087.824		23.473.863
Effect of changes in the exchange difference on cash held			41.075	204.389
CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	11.501.760	10.584.360

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 12, 2021)