COPROCENVA COOPERATIVA DE AHORRO Y CREDITO

NIT: 891-900-492-5
SEPARATE FINANCIAL STATEMENTAT
AT 31 DECEMBER 2018
(Expressed in Colombian Pesos)

ASSETS 2018 PAR % 2017 PAR % VAR $ VAR %

CURRENT ASSETS
Cash And Cash Equivalent $ 22,699,731,468 6.8% $ 14,510,661,682 4.9% $ 8,189,069,786 56.43%
Investments $ 10,707,955,905 3.2% $ 12,222,612,181 4.2% -$ 1,514,656,277 -12.39%
Inventories $ - 0.0% $ - 0.0% $ - 0.00%
Loan Portfolio $ 289,218,710,720 86.9% $ 256,737,140,172 87.5% $ 32,481,570,548 12.65%
Accounts Receivable And Other $ 682,581,958 0.2% $ 860,585,270 0.3% -$ 178,003,312 -20.68%
Tangible $ 9,511,089,874 2.9% $ 8,934,438,780 3.0% $ 576,651,094 6.45%
TOTAL CURRENT ASSETS $ 332,820,069,924 99.93% 100% $ 293,265,438,084 99.95% 100% $ 39,554,631,840 13.49%

NON-CURRENT ASSETS
Other Assets $ - 0% $ - 0% 0.00%
Non-Current Assets Held For Sale $ 216,521,164 100% $ 153,576,385 100% $ 62,944,779 40.99%
TOTAL NON-CURRENT ASSETS $ 216,521,164 0.07% 100% $ 153,576,385 0.05% 100% $ 62,944,779 40.99%

TOTAL ASSETS $ 333,036,591,088 100% 100% $ 293,419,014,469 100% 100% $ 39,617,576,619 13.50%

PASSIVES

CURRENT PASSIVES
Accounts Payable And Other $ 8,144,732,898 37.7% $ 6,014,336,279 28.3% $ 2,130,396,618 35.42%
Financial Passives And Other Financial Passives $ 10,477,036,739 48.4% $ 13,248,158,538 62.3% -$ 2,771,121,799 -20.92%
Deferred Tax Passives $ - 0.0% $ - 0.0% $ - 0.00%
Mutual Funds And Social $ 1,482,758,729 6.9% $ 788,750,338 3.7% $ 694,008,390 87.99%
Other Passives $ 1,526,584,373 7.1% $ 1,198,356,848 5.6% $ 328,227,525 27.39%
Provisions $ - 0.0% $ - 0.0% $ - 0.00%
TOTAL CURRENT PASSIVES $ 21,631,112,738 9.0% 100% $ 21,249,602,003 10.0% 100% $ 381,510,735 1.80%

NON-CURRENT PASSIVES
Deposits $ 218,568,174,841 100% $ 192,305,979,244 100% $ 26,262,195,598 13.66%
TOTAL NON-CURRENT PASSIVES $ 218,568,174,841 91.0% 100% $ 192,305,979,244 90.0% 100% $ 26,262,195,598 13.66%

TOTAL PASSIVES $ 240,199,287,579 72% 100% $ 213,555,581,247 73% 100% $ 26,643,706,332 12.48%

EQUITY

Social Capital $ 71,159,715,240 76.6% $ 61,169,617,150 76.6% $ 9,990,098,090 16.33%

Bookings $ 12,862,727,261 13.9% $ 12,003,615,504 15.0% $ 859,111,757 7.16%
Specific Funds Destination $ 896,461,378 1.0% $ 896,461,378 1.1% $ - 0.00%
Surplus $ - 0.0% $ - 0.0% $ - 0.00%
Surplus And / Or Loss Of The Year $ 6,420,219,224 6.9% $ 4,295,558,784 5.4% $ 2,124,660,439 49.46%
Earnings For First-Time Adoption $ 1,498,180,406 1.6% $ 1,498,180,406 1.9% $ - 0.00%
TOTAL EQUITY $ 92,837,303,509 28% 100% $ 79,863,433,223 27% 100% $ 12,973,870,287 16.25%

TOTAL PASSIVES + EQUITY $ 333,036,591,088 100% $ 293,419,014,469 100% $ 39,617,576,619 13.50%

_________________________________ ________________________________________ _________________________________

HECTOR FABIO LOPEZ BUITRAGO MAURA YELITZA CASTRELLON CARRACAL ANDRES CAMILO FEREZ DIAZ
Legal representative Public accountant Tax Auditor
TP N° 222272-T TP N° 347761-T
 COPROCENVA COOPERATIVA DE AHORRO Y CREDITO
NIT: 891-900-492-5
STATEMENTS OF COMPREHENSIVE
OF 01 JANUARY TO 31 DECEMBER 2018
(Expressed in Colombian Pesos)

2018 2017 VAR $ VAR%

ORDINARY ACTIVITIES INCOME $ 44,844,193,699.12 100.0% $ 39,701,909,234.72 100% $ 5,142,284,464.40 13.0%

Income From Sale Of Goods And Services $ 44,844,193,699.12 100.0% $ 39,701,909,234.72 100% $ 5,142,284,464.40 13.0%

SALES COST $ 10,753,562,611.04 24.0% $ 11,504,622,629.18 29% -$ 751,060,018.14 -6.5%

Cost Of Sales And Delivery Service $ 10,753,562,611.04 24.0% $ 11,504,622,629.18 29% -$ 751,060,018.14 -6.5%
Purchases $ - $ -

EXCESS CRUDE SALES $ 34,090,631,088.08 76.0% $ 28,197,286,605.54 71% $ 5,893,344,482.54 20.9%

OPERATING COSTS $ 28,737,548,724.50 64.1% $ 24,007,260,271.39 60% $ 4,730,288,453.11 19.7%

Administrative Expenses $ 28,737,548,724.50 64.1% $ 24,007,260,271.39 60% $ 4,730,288,453.11 19.7%
Selling Expenses $ - $ -

OPERATIONAL SURPLUS $ 5,353,082,363.58 11.9% $ 4,190,026,334.15 11% $ 1,163,056,029.43 27.8%

OTHER INCOME $ 2,934,004,027.77 6.5% $ 3,307,193,880.25 8% -$ 373,189,852.48 -11.3%

OTHER EXPENSES $ 1,866,867,167.72 4.2% $ 3,201,661,429.99 8% -$ 1,334,794,262.27 -41.7%

SURPLUS OF THE YEAR $ 6,420,219,223.63 14.3% $ 4,295,558,784.41 11% $ 2,124,660,439.22 49.5%

________________________________ __________________________________________ __________________________________

HECTOR FABIO LOPEZ BUITRAGO MAURA YELITZA CASTRELLON CARRACAL ANDRES CAMILO FEREZ DIAZ
Legal representative Public accountant Tax Auditor
TP N° 222272-T TP N° 347761-T