CORPORACIÓN DE FERIAS Y EXPOSICIONES S.A. USUARIO OPERADOR DE ZONA FRANCA BENEFICIO E INTERES COLECTIVO AND SUBSIDIARIES
Consolidated Interim Condensed Statements of Financial Position
At June 30,2022
(Figures in thousands of Colombian pesos )
Note | June 30, 2022 | December 31, 2021 | |||
ASSETS | |||||
Current assets | |||||
Cash and cash equivalent | 3 | $ | 31.114.215 | 36.592.626 | |
Joint venture investments | 4 | - | - | ||
Accounts receivable | 5 and 23 | 28.865.456 | 22.340.582 | ||
Tax assets | 6 | 5.057.985 | 3.248.606 | ||
Inventories | 7 | 1.016.981 | 616.024 | ||
Other non-financial assets | 8 and 23 | 1.116.081 | 310.070 | ||
Total current assets | 67.170.718 | 63.107.908 | |||
Non-current assets | |||||
Accounts receivable | 4 | 141.767 | - | ||
Other financial assets | 9 | 6.147.920 | 6.109.829 | ||
Investments in associates | 10 | 76.030.993 | 76.208.895 | ||
Intangibles | 11 | 10.720.299 | 11.657.079 | ||
Property and equipment | 12 | 478.474.551 | 482.290.455 | ||
Investment properties | 13 | 79.676.854 | 79.676.854 | ||
Deferred Tax Assets | 97.814 | 235.496 | |||
Total non-current assets | 651.290.198 | 656.178.608 | |||
Total assets | $ | 718.460.916 | 719.286.516 | ||
LIABILITIES | |||||
Current liabilities | |||||
Financial debt | 14 | 21.909.769 | 11.783.461 | ||
Accounts payable | 15 and 23 | 28.747.925 | 37.028.460 | ||
Income received in advance | 16 | 26.732.638 | 17.259.899 | ||
Other non-financial liabilities | 18 | 369.634 | 354.686 | ||
Total current liabilities | 77.759.966 | 66.426.506 | |||
Non-current liabilities | |||||
Financial debt | 14 | 137.314.888 | 146.750.890 | ||
Employee benefits | 17 | 1.623.330 | 1.611.330 | ||
Other provisions | 17 | 5.109.793 | 5.109.793 | ||
Deferred tax liability, net | 41.398.950 | 40.204.754 | |||
Total non-current liabilities | 185.446.961 | 193.676.767 | |||
Total liabilities | $ | 263.206.927 | 260.103.273 | ||
EQUITY | |||||
Capital | 1.673.920 | 1.673.920 | |||
Share Placement Premium | 43.451.721 | 43.451.721 | |||
Reserves | 19 | 142.210.054 | 142.210.054 | ||
Accumulated profit | 20 | 279.767.155 | 283.088.341 | ||
Other equity interests in equity | (7.919.607) | (7.919.607) | |||
Result for the period | (3.929.254) | (3.321.186) | |||
Total equity | $ | 455.253.989 | 459.183.243 | ||
Total liabilities and equity | $ | 718.460.916 | 719.286.516 | ||
- | - |
See the Notes that form part of the Condensed Interim Consolidated 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 August 12, 2022 ) |
CORPORACIÓN DE FERIAS Y EXPOSICIONES S.A. USUARIO OPERADOR DE ZONA FRANCA BENEFICIO E INTERES COLECTIVO AND SUBSIDIARIES
Consolidated condensed interim statements of comprehensive income
For six and three months period ended June 30, 2022 and 2021
(Figures in thousands of Colombian pesos)
Note | |||||||||
1 January to June | 1 January to June | 1 April to June | 1 April to June | ||||||
30, 2022 | 30, 2021 | 30, 2022 | 30, 2021 | ||||||
Income from ordinary activities | 21a) and 23 | $ | 60.091.327 | 10.166.866 | 44.310.636 | 4.476.143 | |||
Overhead | 22a) and 23 | 24.258.956 | 20.132.452 | 15.146.175 | 11.846.716 | ||||
Selling expenses | 22b) and 23 | 31.153.704 | 6.340.162 | 23.055.521 | 3.216.807 | ||||
Impairment of receivable | 5 y 22g) | 1.088.238 | 495.137 | 433.647 | 75.000 | ||||
Recoveries of receivables | 5 y 22g) | 539.153 | 785.049 | 207.660 | 193.193 | ||||
Other income | 21b) | 1.160.763 | 1.167.202 | 471.799 | 618.759 | ||||
Cost of sales | 1.137.396 | 98.772 | 612.632 | 52.438 | |||||
Other expenses | 22c) | 404.469 | 181.966 | 243.164 | 62.406 | ||||
Result on operating activities | 3.748.480 | (15.129.372) | 5.498.956 | (9.965.272) | |||||
21c) | |||||||||
Financial income | 1.162.444 | 323.208 | 906.945 | 77.203 | |||||
Financial expenses | 22d) | 7.330.398 | 4.115.083 | 4.144.870 | 2.029.995 | ||||
Financial cost, net | (6.167.954) | (3.791.875) | (3.237.925) | (1.952.792) | |||||
Entity loss for the period | 22f) | (177.902) | (338.591) | (85.509) | (247.246) | ||||
Result before tax | (2.597.376) | (19.259.838) | 2.175.522 | (12.165.310) | |||||
Recovery income tax | 22e) | (1.331.878) | 661.177 | (381.187) | 579.424 | ||||
Result for the period | $ | (3.929.254) | (18.598.661) | 1.794.335 | (11.585.886) | ||||
Other Comprehensive Income | - | - | - | - | |||||
Result for the period and other comprehensive income | $ | (3.929.254) | (18.598.661) | 1.794.335 | (11.585.886) |
See the Notes that form part of the Condensed Interim Consolidated 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 August 12, 2022 ) |
CORPORACIÓN DE FERIAS Y EXPOSICIONES S.A. USUARIO OPERADOR DE ZONA FRANCA BENEFICIO E INTERES COLECTIVO AND SUBSIDIARIES
Consolidated condensed interim statements of changes in equity
For six months period ended June 30, 2022 and 2021
(Figures in thousands of Colombian pesos)
Subscribed | Share | |||||||
and paid | Placement | Accumulated | Other equity | Result for | Total | |||
Note | Capital | Premium | Reserves | profits | interests in equity | the period | equity | |
Initial as of January 1, 2021 | $ | 1.673.920 | 43.451.721 | 142.210.054 | 328.909.463 | (4.807.429) | (43.740.311) | 467.697.418 |
Loss carryforward to accumulated losses | - | - | - | (43.740.311) | - | 43.740.311 | - | |
Withholding taxes applicable to shareholders | - | - | - | (136.557) | - | - | (136.557) | |
Result for the period | - | - | - | - | - | (18.598.661) | (18.598.661) | |
Balance as of June 31, 2021 | ||||||||
$ | 1.673.920 | 43.451.721 | 142.210.054 | 285.032.595 | (4.807.429,00) | (18.598.661) | 448.962.200 | |
Initial as of January 1, 2022 | $ | 1.673.920 | 43.451.721 | 142.210.054 | 283.088.341 | (7.919.607) | (3.321.186) | 459.183.243 |
Loss carryforward to accumulated losses | - | - | - | (3.321.186) | - | 3.321.186 | - | |
Result for the period | - | - | - | - | - | (3.929.254) | (3.929.254) | |
Balance as of June 31, 2022 | ||||||||
$ | 1.673.920 | 43.451.721 | 142.210.054 | 279.767.155 | (7.919.607) | (3.929.254) | 455.253.989 | |
See the Notes that form part of the Condensed Interim Consolidated 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 August 12, 2022 ) |
CORPORACIÓN DE FERIAS Y EXPOSICIONES S.A. USUARIO OPERADOR DE ZONA FRANCA BENEFICIO E INTERES COLECTIVO AND SUBSUDIARIES
Condensed interim statements of cash flows
For six months period ended June 30, 2022 and 2022 y 2021
(Figures expresssed in thousands of Colombian pesos)
Note | 1 January to June | 1 January to June 30, | |||
30, 2022 | 2021 | ||||
Result for the period | $ | (3.929.254) | (18.598.661) | ||
Adjustments to reconciliation between the profit for the period and net cash (used in) | |||||
operating activities: | |||||
Depreciations | 12 and 22a) | 3.993.372 | 4.106.348 | ||
Amortization intangibles | 11 and 22a) | 1.971.291 | 1.508.935 | ||
Impairment accounts receivable | 5 and 22g) | 1.088.238 | 495.137 | ||
Recoveries of receivables | 5 and 22g) | (539.153) | (785.049) | ||
Impairment of investments in other financial assets | 10 | - | |||
Loss on sale and withdrawals of property and equipment | 12 and 22c) | - | 286 | ||
Recovery of provision for accounts payable | 21b) | (1.037.242) | (56.661) | ||
Loss equity method | 22f) | 177.902 | 338.591 | ||
Implied interest contractual liability | 18 | 14.948 | 2.885 | ||
Gain on valuation of investments in other financial assets | 21c) | (53.313) | (30.561) | ||
Income tax | 22e) | 1.331.878 | (661.177) | ||
Effect of changes in foreign exchange difference on cash held for cash equivalents | (70.904) | (44.068) | |||
2.947.773 | (13.723.995) | ||||
Changes in assets and liabilities: | |||||
Accounts receivable | (7.215.726) | (1.111.514) | |||
Inventories | (400.957) | 14.970 | |||
Other non-financial assets | (806.011) | (1.088.340) | |||
Net tax | (1.809.379) | (319.187) | |||
Accounts payable | (7.243.293) | (201.813) | |||
Employee benefits | 12.000 | 18.000 | |||
Provision | - | (106.995) | |||
Income received in advance | 9.472.739 | 2.492.550 | |||
Interest paid financial obligations | 14 | (4.235.758) | (5.094.895) | ||
Payment of income tax | - | (214.533) | |||
NET CASH USED IN OPERATING ACTIVITIES | (9.278.612) | (19.335.752) | |||
CASH FLOWS FROM INVESTMENT ACTIVITIES | |||||
Redemptions of investments in other financial assets | 9 | 15.212 | 13.128 | ||
Dividends received in cash from investments in other financial assets | - | 570.391 | |||
Purchase of intangibles | 11 | (1.034.511) | (1.902.008) | ||
Purchase of property and equipment | 12 | (177.468) | (622.020) | ||
NET CASH USED IN INVESTING ACTIVITIES | (1.196.767) | (1.940.509) | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Disbursement of financial obligations | 14 | 6.624.748 | 4.019.381 | ||
Disbursement financial obligations | - | 4.500.000 | |||
Capital payments of financial obligations | 14 | (1.698.684) | (1.332.093) | ||
NET CASH PROVIDE IN FINANCING ACTIVITIES | 4.926.064 | 7.187.288 | |||
DECREASE NET, IN CASH AND CASH EQUIVALENTS | (5.549.315) | (14.088.973) | |||
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIODO | 36.592.626 | 17.490.960 | |||
Effect of changes in foreign exchange difference on cash held | 70.904 | 44.068 | |||
CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ | 31.114.215 | 3.446.055 | ||
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 August 12, 2022 ) |
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Corporación de Ferias y Exposiciones SA published this content on 09 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2022 20:19:12 UTC.