ANALPES PERU CORPORATION S.A.C.

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020

WITH INDEPENDENT AUDITORS' REPORT

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 ANALPES PERU CORPORATION S.A.C.

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020

Content Page
INDEPENDENT AUDITORS' REPORT 3–4
FINANCIAL STATEMENTS
Statements of Financial Position 5
Statements of Comprehensive Income 6-7
Financial Statement Notes 8 - 17

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INDEPENDENT AUDITORS' REPORT
Lima, March 17th, 2021
Dear Shareholders:

ANALPES PERU CORPORATION S.A.C

We have audited, at your request the Statement of Financial Position, as well as the
attached Statements of Comprehensive Income of Corporation Analpes Perú S.A.C.
hereinafter the Company, as of December 31, 2020 and their respective Notes to
Financial Statements.
Management's Responsibility for the Financial Statements
The Management is responsible for the preparation and appropriate presentation of the
Financial Statements in accordance with accounting principles and standards in Perú. This
responsibility includes such internal control as management determines is necessary to
enable the preparation of financial statements to be free from material misstatement,
whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our
analyses. We conducted our audits in accordance with International Standards on
Auditing accepted in Peru by the Peruvian Board of Deans of Colleges of Public
Accountants. Those standards require that we comply with ethical requirements, plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the balances and
disclosures in the financial statements. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement, whether due to
fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the Company's preparation and fair presentation of the financial statements in
order to design audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the effectiveness of the Company's internal
control. An audit also includes evaluating the appropriateness of financial reporting
standards used and the reasonableness of accounting estimates made by management,
as well as evaluating the overall financial statement presentation.

We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.

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Opinion
In our opinion, the financial statements referred previously present fairly, in all material
respects, the financial position of Corporation Analpes Perú S.A.C. as of December 31,
2020, and the results of its operations for the year in accordance with accepted
accounting principles and standards in Peru.
Basis of the opinion
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide our opinion.
We conducted our audit in accordance with International Standards on Auditing (ISA)
approved in Peru, according to Resolution No. 004-2019-JDCCPP.
We are independent and have complied with all ethical responsibilities in accordance
with the Code of Professional Ethics, authorized by IFAC in its 2014 edition, approved for
adoption with Resolution No. 009-2015-CD/JDCCPP.

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 ANALPES PERU CORPORATION S.A.C.
NOTES TO FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2020
(In Soles)
NOTE 1: ECONOMIC ACTIVITY
Corporación Analpes Perú S.A.C. is a company incorporated in October 2014 and
registered in the Public Registry - SUNARP under Registration Number 13320939,
identified with RUC N° 20566423317 and domiciled in the department of Madre de Dios,
Peru.
Corporación Analpes Perú S.A.C.'s main purpose is to:
- Production, marketing, distribution, purchase and sale, export and import of fruits such
as: fresh fruit, frozen fruit, apples, bananas, pears, citrus fruits, mangoes, melons, grapes,
citrus fruits, watermelons, papayas, pineapples, avocados and other fruits in general;
vegetables such as: gree vegetables, onions, lemons, potatoes, tomatoes, peas, beans,
carrots, and other products in general, as well as the purchase and sale of inputs and
other related products for the production of fruits: vegetables, onions, lemons, potatoes,
tomatoes, peas, beans, carrots, and other products in general, as well as the purchase
and sale of inputs and other related products for agriculture, including machinery for this
activity.
- Production, marketing, distribution, purchase and sale, export and import of dairy
products such as: milk, cream, cultured milk, butter, margarines, white milk, cheese,
yogurt and related products.
- Production, import, export, commercialization, purchase and sale, distribution and
representation of natural products, such as: maca, noni, yacon and related products.
- Agricultural production, grain milling, crushing, pulverizing, micro pulverizing and
commercialization of the same; as well as import, export of chemical products; fertilizers,
insecticides, pesticides, etc.
- Production, import, export, commercialization and distribution of agro-industrial
products such as camu-camu, maca, corn, quinoa, tara, yacon and uña de gato, olive oil,
jojoba oil, fresh cheese, manjarblanco (dulce de leche), butter, nectar, jam, wine, coffee,
honey and related products.
- Agricultural exploitation, commercialization of agricultural inputs and products,
industrialization and/or transformation of agricultural products, export and import of
agricultural products and agricultural inputs.
- Agricultural consulting services, agribusiness, agricultural projects and extension and
technology diffusion services.

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- Export of agricultural products and handicrafts.
- Manufacture, marketing, import and export of machinery and equipment for
agribusiness, agriculture, livestock and food industry.
- Special fabrications for sorting and grading, dehydration and drying, mixing, milling,
slicing and extrusion, thermal processes and roasting, processing of dairy products,
distillation, washing, peeling and disinfection, dosing and other related equipment.
- Likewise, it may develop all the activities annexed and related to the corporate purpose;
and those that are agreed upon in the General Shareholders' Meeting, with no other
limitations than those established by the laws of the Republic.
- In addition, the company may open branches within the territory of the Republic or
abroad.

NOTE 2: ACCOUNTING PRINCIPLES AND/OR PRACTICES

The preparation of financial statements requires the company to make estimates that
affect assets, liabilities, revenues, and expenses. The criteria used to make these
estimates and the most significant accounting principles and practices applied in the
recording of transactions and the preparation of financial statements are as follows:

Presentation of Financial Statements

The Financial Statements are presented considering the going concern, uniformity and
accrual principles whose information is disclosed preferably at the date of the financial
results.
The Financial Statements to be presented correspond to the fiscal year as of December
31, 2020, presented at historical values.
Basis of preparation of the financial statements
The financial statements have been prepared in accordance with Generally Accepted
Accounting Principles (GAAP), which comprise the International Financial Reporting
Standards (IFRS) and their interpretations by the International Accounting Standards
Committee (IASC) and officialized by the Accounting Standards Board for their application.
The officialized International Accounting Standards have been applied by the Company in
all significant aspects. The financial statements are presented in local currency S/ (Soles).

Use of estimates
For the presentation of financial statements, management is required to make estimates
that affect assets, liabilities, revenues and expenses during the period. Significant
estimates include:

provision for depreciation of property, plant and equipment. Although the Company
regularly evaluates estimates, actual results could differ from those estimates.

Cash and Cash Equivalents

This item includes net unrestricted cash balances at the end of the year.

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Inventories
Inventories held by the Company are to be sold, and are valued using the average
method.

Property, Plant and Equipment

Property, plant and equipment are stated at acquisition cost. The initial recognition
corresponds to the equivalent of one-fourth (1/4) of the Unidad Impositiva Tributaria
(UIT) in force at the date of acquisition.
(UIT) in effect at the date of initial use.

Depreciation
Depreciation of fixed assets is calculated based on the straight-line method, based on the
estimated useful life of the respective assets. Depreciation begins in the month following
the month in which the asset is available for use and is recognized in income for the
period. Land is not depreciated. The depreciation rates are 10%, 20% and 25% applied to
furniture and fixtures, miscellaneous equipment and computer equipment, respectively.
Maintenance and repair expenses are recognized as an expense in the period in which
they are incurred.

Leases
Expenses derived from operating leases in which the Company acts as the lessee are
recognized as an expense on a straight-line basis over the term of the lease.

Cost and expense recognition

Personnel expenses, as well as expenses for the rendering of services, are recognized on
an accrual basis regardless of when they are paid and, if applicable, in the same period in
which the related revenues are recognized.

Revenues and Expenses

Revenues and expenses are recognized on the accrual basis, i.e., revenues and expenses
are recognized when they are incurred, regardless of whether they have been collected or
paid.

Reclassifications
The accounting records may present reclassifications between accounts due to the
presentation of information subsequent to the date of the recording made.

Other accounting principles and practices

Complementary accounting policy

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NOTE 3: CASH AND CASH EQUIVALENTS

In Cash and Cash Equivalents, the Company reports cash and short-term bank account balances in
local banks and in local currency, which are freely available and bear interest at market values, are
highly liquid and low risk, and are held for the purpose of covering short-term payment
commitments.

NOTE 4: INVENTORIES

These are goods held for subsequent marketing. Inventory management by the company is
important because it allows it to maintain timely control, as well as to have a reliable statement of
the economic situation at the end of the accounting period.

NOTE 5: OTHER CURRENT ASSETS

It includes the balance in favor of IGV and income tax that the company has and that will be
applied in the following fiscal year, as well as the taxes pending payment at the end of the fiscal
year.

NOTE 6: PROPERTY, PLANT AND EQUIPMENT

It includes the acquisitions of real estate, machinery and equipment during the year, as well as
those already existing that allow the execution of the company's activities.

NOTE 7: DEPRECIATION

It records the movements of accumulated depreciation for the loss of operational capacity of the
assets due to use or other natural factors, taking into account their estimated useful life.
As of December 31, 2020, the Management made an evaluation on the state of use of its
property, plant and equipment, and has not found any indication of depreciation in such assets.

NOTE 8: OTHER ACCOUNTS PAYABLE

The items comprising this caption have current maturities, do not generate interest and no
specific guarantees have been granted for them.
The balance of remunerations payable corresponds to provisions for vacations, bonuses and
compensation for time of service.
Sundry accounts receivable include debts incurred to cover the company's expenses for the
acquisition of goods, contracting of services and expenses related to investment projects.

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NOTE 9: CAPITAL

At the close of fiscal year 2020 the Capital Stock is S/. 3,000.00 fully subscribed and paid
with a Par Value of each Share of One Sol.

NOTE 10: ACCUMULATED RESULTS

This item is the sum that represents the accumulation of the company's results from
previous years.

NOTE 11: RESULTS FOR THE YEAR

This item corresponds to the profit for the year, as a result of the Company's objectives as
of December 31, 2020.

NOTE 12: INCOME

This item groups together the income obtained from services rendered during the year
ended December 31, 2020.

NOTE 13: SERVICES RENDERED BY THIRD PARTIES

This item includes the accumulated value of expenses incurred in the contracting of
services rendered to the Company by third parties, such as utilities, leases, among others.

NOTE 14: PERSONNEL EXPENSES

This item includes personnel-related expenses, such as the payment of salaries, vacations,
bonuses, compensation for time of service, ESSALUD contributions, among others.

NOTE 15: OTHER EXPENSES

This item includes minor expenses incurred by the Company during the year as of
December 31, 2020.

NOTE 16: OTHER INCOME

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This item includes the co-financing that the company has received from the signing of
award contracts for public investment subprojects with the Ministry of Production during
the current fiscal year.

NOTE 17: ADMINISTRATIVE EXPENSES

As of December 31, administrative expenses include the following items:

NOTE 18: SELLING EXPENSES

As of December 31, selling expenses include the following items:

NOTE 19: FINANCIAL EXPENSES

As of December 31, financial expenses include the following items:

NOTE 20: INCOME TAX

The company as of December 31 is under the Mype Tax Regime, therefore, the rate for
the calculation of income tax is 10% up to the first 15 UIT, after that the rate of 29.50% is
applied.

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