1.14 9. Modelo Financiero Concesión Costera Vendedor

“El contenido del presente documento es de carácter confidencial y propiedad intel
Ninguna de sus partes podrá divulgarse, citarse, reproducirse o distribuirse sin prev
Nexus Banca de Inversión S.A.
Las cifras, proyecciones, estimaciones, resultados y cualquier otra información aqu

cuenta los estados financieros y cifras entregados por la Compañía, así como la s
que Nexus Banca de Inversión S.A. haya adelantado verificación alguna sobre la v
supuestos utilizados, por lo que los mismos no comprometen a Nexus Banca de In
responsable sobre los resultados presentados y/o los juicios emitidos en este docu
ocurrencia o no de los eventos financieros descritos en el mismo.Todos los montos
este documento son indicativos, por lo que están sujetos a cambios, y sólo se pres
análisis y discusión.
El presente documento no representa una oferta, propuesta o recomendación por p

sobre la bondad o viabilidad de la Compañía y/o del Proyecto, y en ningún caso po
perfeccionar una transacción relacionada con estos.Los eventuales interesados de
especializados que estimen necesarios y efectuar sus propios e independientes es
decisión en estos.”
confidencial y propiedad intelectual de Nexus Banca de Inversión S.A..
oducirse o distribuirse sin previa autorización expresa y por escrito de
cualquier otra información aquí contenida fueron elaborados teniendo en

or la Compañía, así como la situación y tendencias del mercado, sin
verificación alguna sobre la veracidad y exactitud en las bases y
rometen a Nexus Banca de Inversión S.A., y ésta tampoco se hace
juicios emitidos en este documento, ni sobre la posibilidad de
en el mismo.Todos los montos, términos y condiciones señalados en
etos a cambios, y sólo se presentan para fines de información, revisión,
puesta o recomendación por parte de Nexus Banca de Inversión S.A.

Proyecto, y en ningún caso podrá interpretarse como una invitación a
Los eventuales interesados deberán buscar contar con los asesores
s propios e independientes estudios y basar su correspondiente
Modelo Concesión Costera
Control
COP M
Check (0)
x Inputs
Acta de inicio (fecha) Nov-14

Acta de inicio fase de construcción (fecha) Nov-15
Fecha de entrega de UF 3 por parte de la ANI Jan-20
Fecha de cierre financiero Jun-16
Fecha de fin de concesión Sep-39
Plazos para inicio de operación por UF Fecha

UF 1 (Entrega Parcial) Jul-17
UF 1 (Entrega EER) Jul-19
UF 2 Nov-18
UF 3 Jan-21
UF 4 Apr-18
UF 5 Nov-18
UF 6 (Entrega Parcial) Nov-18
UF 6 (Entrega EER) Jul-19
VPIP
Tasa de descuento
Tasa de descuento mensual 0.55%
Tasa de descuento anual 6.79%
VPIP COP M
VPIP 8 131,622
VPIP 13 315,909
VPIP 18 470,579
VPIP 640,561
Valor del contrato COP M

Valor del contrato 1,709,365
Mes de referencia
Mes de referencia Dec-12
Giros mínimos de equity COP M

Constitución del PA 35,392
12 Meses del acta de inicio Oct-15 108,506
Porcentaje EntregaParcial UF6(Octubre 2018) 70%
Porcentaje de Inversión Realizada (EER) Compensación Especial

Del 40 al 60% 75%
Superior al 60% e inferior al 80% 80%
Más del 80% 90%
Pago Compensaicón Especial UF6
Activo Intangible para Base Gravable 12/31/2017

Unidad Funcional 1 190,436
Rentabilidad de caja atrapada (Spread IPC) 0.5%
x Resultados del Modelo
Flujo de Caja
Ingresos 6,306,368
Opex (1,034,780)
Comisiones de deuda (133,212)
EBITDA 5,138,376
Capex (832,246)
Mantenimiento periodico (462,867)
Capital de trabajo (79,848)
Otros ingresos (rentabilidad de caja atrapada) 143,183
Impuestos (331,634)
FCL 3,574,964
Desembolsos 661,089
Amortizaciones (1,360,961)
Intereses (1,194,303)
FCDF 1,680,789
Desembolsos accionistas 125,804
Amortizaciones accionistas (386,777)
Intereses accionistas (273,585)
Caja inicial -
Aportes de equity -
Flujo de caja antes de excedentes 1,146,231
Excedentes (1,006,807)
Flujo de caja final 139,424
Margen EBITDA 79.86%

x
Bancolombia Tramo A 36.5%

Monto aprobado total COP M 250,000
Plazo de la deuda Años 12
Tasa en construcción Spread IPC 7.5%
Tasa en operación Spread IPC 7.0%
Periodo de gracia Meses 49
Comisión de disponibilidad 1.79%
Valor Desembolsado
Banco de Occidente Tramo B 21.9%

Valor Desembolsado
Banco de Bogotá Tramo B 21.9%

Valor Desembolsado
Ashmore Tramo C 19.7%

Tasa fija EA 7.4%
Valor Desembolsado
Desembolsado 2017
FDN
Plazo de disponibilidad Años 5
Tasa fija EA 0.0%
Periodo de gracia Meses -
Comisión de disponibilidad % 3.87%
Serie A - USD
Monto USD 150,800,000
Cupon EA 6.75%
Fecha de desembolso Jun-16
Serie B - UVR
Monto UVR 1,358,773,564
Cupon EA 6.25%
Fecha de desembolso Jun-16
Inputs históricos 2014 2015
Bridge loan
UVR bond
USD bond
UVR loan
COP loan
Contratos de deuda subordinada

Aportes equity
Deuda Subordinada
Spread DTF 2.00%
Avances Acumulados Pre Operativos- Informes ARUP

UF1
UF2
UF3
UF4
UF5
UF6
Avances Obra
UF1
UF2
UF3
UF4
UF5
UF6
UF2(USD)
UF2(USD)
UF2(COP)
Contador Vigencia Contrato
Contador Etapa O&M

2014 2015 2016 2017 2018 2019 2020 2021
56.00%
14,651 48,976 231,869 221,139 231,241

(29,487) (21,193) (24,500) (44,109) (34,861)
(24,633) (17,065) (11,164) (8,412) (8,412)
(39,470) 10,718 196,206 168,619 187,968
(426,481) (302,684) (40,885) (48,242) (13,954)
- - - - -
- (9,874) - (65,545) -
- 5,290 6,128 6,101 5,772
- (141) (1,429) (9,887) (6,686)
- (303,010) 160,759 60,736 172,851
352,775 308,314 - - -
- - - - -
- (94,654) (108,161) (109,188) (99,278)
- (140,283) 51,571 (38,542) 18,574
24,233 101,571 - - -
- - - - -
- - - - -
- 38,712 (0) 51,571 13,029
- - - - -
- (0) 51,571 13,029 31,603
- - - - -
38,712 (0) 51,571 13,029 31,603
-269.41% 21.88% 84.62% 76.25% 81.29%

8,656 128,478
5,194 77,087
5,194 77,087
352,968
99,459
71,862 135,111 54,000 24,233

71,362 135,586
1,723 2,301 2,301 - - -

1,723 2,301 2,301 - - -
1,723 1,723 2,301 - - -
1,723 2,301 2,301 - - -
1,723 2,301 2,301 - - -
1,385 1,849 1,849 - - -
- 8,134 37,718 6,880 4,766 - -

24,051 101,297 218,080 78,884 - - -
- - - - - 47,513 13,954
- 14,018 48,458 746 - - -
- 23,923 47,599 53,508 - - -
- 3,145 30,014 126,023 35,588 - -
4.50 10.17 25.69 8.06 - - -
13,073 29,542.00 76,292.74 23,301.70 - - -

11,181 71,755.27 141,787.19 59,784.90 - - -
1 1 1 1 1 1 1 1
- - - - - - - -
2022 2023 2024 2025 2026 2027 2028
312,578 258,700 269,792 281,172 296,523 390,676 330,299
(38,694) (37,955) (39,257) (40,692) (41,966) (45,060) (45,735)
(8,187) (7,745) (7,310) (6,884) (6,467) (6,104) (5,673)
265,697 213,000 223,225 233,596 248,089 339,512 278,891
- - - - - - -
- - - (86,059) (30,589) - (19,964)
- - - - - - -
7,541 7,990 8,914 8,247 6,365 8,691 9,876
(191) (2,907) (3,091) (3,892) (3,901) (4,032) (4,173)
273,465 215,059 144,316 206,847 249,240 323,439 260,641
- - - - - - -
(36,821) (83,718) (65,774) (79,035) (35,798) (37,809) (114,740)
(97,438) (92,252) (87,046) (82,260) (78,241) (75,132) (70,491)
70,152 27,720 (16,978) 59,190 104,894 99,844 25,822
- - - - - - -
- - - - - - -
(26,301) - - (26,301) (26,301) (26,301) (26,301)
31,603 38,956 36,417 19,439 6,798 42,991 78,880
- - - - - - -
75,454 66,676 19,439 52,328 85,391 116,534 78,401
(36,498) (30,259) - (45,530) (42,400) (37,654) (75,792)
38,956 36,417 19,439 6,798 42,991 78,880 2,609
85.00% 82.33% 82.74% 83.08% 83.67% 86.90% 84.44%

1 1 1 1 1 1 1
1 1 1 1 1 1 1
2029 2030 2031 2032 2033 2034 2035
347,381 365,817 383,438 401,750 420,734 381,649 259,832
(49,716) (68,507) (51,333) (50,770) (52,908) (58,502) (54,902)
(4,975) (4,045) (2,974) (1,913) (979) (271) -
292,690 293,265 329,131 349,067 366,847 322,876 204,931
- - - - - - -
(20,563) - - - (85,478) (55,500) -
- - - - - (4,429) -
9,122 8,899 8,658 10,765 12,717 8,737 2,322
(3,561) (4,450) (4,167) (73,814) (79,337) (40,128) (38,132)
280,641 315,755 332,853 199,339 241,640 327,181 169,120
- - - - - - -
(135,911) (163,660) (162,596) (154,090) (162,314) (128,696) -
(61,339) (50,918) (38,976) (25,356) (16,583) (6,991) -
25,654 69,990 104,446 20,442 105,954 327,181 169,120
- - - - - - -
- - - - - - (127,636)
(23,464) (26,301) (26,301) - - (26,301) (21,961)
2,609 4,798 6,385 43,232 63,674 140,281 134,513
- - - - - - -
4,798 48,487 84,530 63,674 169,628 441,161 154,036
- (42,103) (41,298) - (29,347) (306,648) (154,036)
4,798 6,385 43,232 63,674 140,281 134,513 0
84.26% 80.17% 85.84% 86.89% 87.19% 84.60% 78.87%

1 1 1 1 1 1 1
1 1 1 1 1 1 1
2036 2037 2038 2039 2040 2041 2042
277,417 294,386 239,121 47,227 - - -
(56,543) (58,270) (54,620) (35,200) - - -
- - - - - - -
220,873 236,116 184,501 12,028 - - -
- - - - - - -
(34,066) (35,088) (89,226) (6,334) - - -
- - - - - - -
(0) 0 523 523 - - -
(19,968) (15,173) (35,217) 0 22,643 - -
166,839 185,855 60,581 6,217 22,643 - -
- - - - - - -
- - - - - - -
- - - - - - -
166,839 185,855 60,581 6,217 22,643 - -
- - - - - - -
(127,636) (131,504) - - - - -
(13,282) (4,471) - - - - -
(0) 0 (0) 30,291 (0) 0 (0)
- - - - - - -
25,921 49,879 60,581 36,508 22,643 0 (0)
(25,921) (49,879) (30,291) (36,508) (22,643) - -
(0) 0 30,291 0 (0) 0 (0)
79.62% 80.21% 77.16% 25.47% n.a. n.a. n.a.

1 1 1 1 - - -
1 1 1 1 - - -
2043 2044
x
x
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0 (0)
- -
0 (0)
- -
0 (0)
n.a. n.a.
x
- -
- -
Flujo de Caja
COP M
Check (0)
x Flujo de Caja
Ingresos 6,306,368
Opex (1,166,530)
Comisiones de deuda (133,212)
EBITDA 5,006,627
Capex (1,315,293)
Mantenimiento periodico (462,867)
Capital de trabajo (79,848)
Otros ingresos (rentabilidad de caja atrapada) 143,183
Cuentas de Reserva O&M 14,653
Cuentas de Reserva (Fase Construcción) 17,441
Impuestos (331,634)
FCL 2,992,262
Desembolsos 1,449,881
Amortizaciones (1,360,961)
Intereses (1,194,303)
Prepagos Obligatorios (356,402)
Cuentas de Reserva Deuda 57,228
FCDF 1,587,706
Desembolsos accionistas 386,777
Amortizaciones accionistas (386,777)
Pago Intereses accionistas (273,585)
Caja inicial 38,712
Aportes de equity -
Flujo de caja antes de excedentes 1,352,833
Excedentes (1,006,807)
Flujo de caja final 346,026
Necesidades del periodo (409,885)

Deuda 1,449,881
Equity 386,777
Deuda 100.0%
Equity 0.0%
Estructura (E/E+D) 21.1%
x Necesidades de Caja
Compromiso de equity mínimo 396,000

Aportes de equity contractuales (Dic - 12)
Aportes de equity contractuales corrientes

Aportes de equity adicionales
Total aportes
x Barrido de caja
Barrido Base
Servicio de deuda base
Flujo de caja libre
Flujo de Caja para Cobertura mínima 1.2x
Flujo de Caja Disponible para Prepagos (1.20:1.00)

Flujo de caja libre - SD Base
Flujo de caja libre - SD Base - Necesidades de caja
Flujo disponible para barrido de caja/pagos restringidos

Flujo de caja/ SD
x Cascada de pagos montos disponibles para prepagos
Barrido >1.20
Flujo de caja libre
Cobertura mínima 1.2x
Contador Pagos Restringidos
Flujo disponible para barrido de caja/pagos restringidos

Flujo de caja/ SD
Flujo de caja para pagos restrigidos (excedentes)

Porcentaje de prepago 100%
x Cascada de pagos montos disponibles para prepagos
Monto disponible Prepago

Bancolombia
Banco de Bogotá
Banco de Occidente
Ashmore
Bonos UVR
Bonos USD
Prepago
Prepago: 1 - si 0 - no
Bancolombia 1
Banco de Bogotá 1
Banco de Occidente 1
Ashmore 1
Bonos UVR 1
Bonos USD 1
x Deudas
x Notas
Serie A
Saldo incial 438,074
Desembolsos
Amortizaciones (438,074)
Saldo final
Intereses 361,051
Diferencia en cambio (11,913)
Serie B
Saldo incial
Desembolsos
Saldo final
Intereses 412,142
x Obligaciones financieras
Bancolombia
Desembolsos 250,000
Saldo final
Intereses 108,596
Banco de Occidente
Desembolsos 150,000
Saldo final
Intereses 109,909
Banco de Bogotá
Desembolsos 150,000
Saldo final
Intereses 109,909
Ashmore
Desembolsos 134,807
Saldo final
Intereses 159,987
Deudas con accionistas

Desembolsos
Amortizaciones 386,777
Saldo final
Intereses 273,585
x
Reparto de Excedentes
Contador Etapa O&M
Flujo de caja disponible para pagos restrigidos (excedentes)

Caja disponible
Pago de Excedentes
Reserva Caja Excedentes

2014 2015 2016 2017 2018 2019 2020 2021
- - - 14,651 48,976 231,869 221,139 231,241

(8,932) (26,796) (96,021) (29,487) (21,193) (24,500) (44,109) (34,861)
- - - (24,633) (17,065) (11,164) (8,412) (8,412)
(8,932) (26,796) (96,021) (39,470) 10,718 196,206 168,619 187,968
(52,993) (168,298) (261,756) (426,481) (302,684) (40,885) (48,242) (13,954)
- - - - - - - -
- - - - (9,874) - (65,545) -
- - - - 5,290 6,128 6,101 5,772
- - - - (6,319) (16,703) 9,691 (249)
- - - - - 17,441 - -
- - - - (141) (1,429) (9,887) (6,686)
- - - - (303,010) 160,759 60,736 172,851
- - 788,792 352,775 308,314 - - -
- - - - - - - -
- - - - (94,654) (108,161) (109,188) (99,278)
- - - (20,018)
- - - - (50,933) (1,026) 9,910 (34,981)
- - - - (140,283) 51,571 (38,542) 18,574
71,862 135,111 54,000 24,233 101,571 - - -
- - - - - - - -
- - - - - - - -
- - - - 38,712 (0) 51,571 13,029
- - - - - - - -
- - - - (0) 51,571 13,029 31,603
- - - - - - - -
- - - 38,712 (0) 51,571 13,029 31,603
- - - - (409,885) - - -
- - 788,792 352,775 308,314 - - -
71,862 135,111 54,000 24,233 101,571 - - -
100.0% 100.0% 100.0% 100.0% 80.0% 80.0% 78.0% 100.0%

0.0% 0.0% 0.0% 0.0% 20.0% 20.0% 22.0% 0.0%
27.72% 21.41% 22.02% 21.83% 21.64% 21.69%

- - - - -
24,233 101,571 - - -
24,233 101,571 - - -
66,876 94,717 108,256 109,290 100,092

- (303,010) 160,759 60,736 172,851
80,251 113,660 129,908 131,148 120,111
20,018
72,759
50,807
120,111
1.73x
20,018
66,876 94,717 108,256 109,290 100,092

- (303,010) 160,759 60,736 172,851
80,251 113,660 129,908 131,148 120,111
1.73x
20,018
-
-
-
-
-
20,018
-
-
-
-
-
- - - 438,074 438,074 438,074 438,074 438,074

- - 438,074 - - - - -
- - - - - - - -
- - 438,074 438,074 438,074 438,074 438,074 438,074
- - 14,785 29,570 29,570 29,570 29,570 29,570

- - (14,433) (11,913) - - - -
- - - 329,436 342,923 354,582 365,574 377,090

- - 327,000 - - - - -
- - - - - - - -
- - 329,436 342,923 354,582 365,574 377,090 388,402
- - 10,295 21,433 21,797 22,505 23,208 23,922
- - - 8,656 137,134 250,000 250,000 250,000

- - 8,656 128,478 112,866 - - -
- - - - - - - -
- - 8,656 137,134 250,000 250,000 250,000 229,982
- - - 5,467 14,518 18,750 18,750 16,799
- - - 5,194 82,280 150,000 150,000 150,000

- - 5,194 77,087 67,720 - - -
- - - - - - - -
- - 5,194 82,280 150,000 150,000 150,000 150,000
- - - 3,936 10,453 13,500 13,500 9,000

- - - 5,194 82,280 150,000 150,000 150,000
- - 5,194 77,087 67,720 - - -
- - - - - - - -
- - 5,194 82,280 150,000 150,000 150,000 150,000
- - - 3,936 10,453 13,500 13,500 9,000
- - - 4,674 74,991 137,550 141,814 146,281

- - 4,674 70,124 60,009 - - -
- - - - - - - -
- - 4,674 74,991 137,550 141,814 146,281 150,669
2,948 7,864 10,336 10,660 10,987
- 285,206 386,777 386,777 386,777

- 101,571 - - -
- - - - -
285,206 386,777 386,777 386,777 386,777
- - - - -
- - - -
- - - 30,788
(0) 51,571 13,029 31,603
- - - -
2022 2023 2024 2025 2026 2027 2028
312,578 258,700 269,792 281,172 296,523 390,676 330,299

(38,694) (37,955) (39,257) (40,692) (41,966) (45,060) (45,735)
(8,187) (7,745) (7,310) (6,884) (6,467) (6,104) (5,673)
265,697 213,000 223,225 233,596 248,089 339,512 278,891
- - - - - - -
- - - (86,059) (30,589) - (19,964)
- - - - - - -
7,541 7,990 8,914 8,247 6,365 8,691 9,876
419 (3,023) (84,732) 54,955 29,275 (20,732) (3,989)
- - - - - - -
(191) (2,907) (3,091) (3,892) (3,901) (4,032) (4,173)
273,465 215,059 144,316 206,847 249,240 323,439 260,641
- - - - - - -
(36,821) (83,718) (65,774) (79,035) (35,798) (37,809) (114,740)
(97,438) (92,252) (87,046) (82,260) (78,241) (75,132) (70,491)
(27,343) (34,520) - (33,618) (31,406) (38,364) (37,568)
(41,710) 23,150 (8,475) 47,256 1,099 (72,292) (12,019)
70,152 27,720 (16,978) 59,190 104,894 99,844 25,822
- - - - - - -
- - - - - - -
(26,301) - - (26,301) (26,301) (26,301) (26,301)
31,603 38,956 36,417 19,439 6,798 42,991 78,880
- - - - - - -
75,454 66,676 19,439 52,328 85,391 116,534 78,401
(36,498) (30,259) - (45,530) (42,400) (37,654) (75,792)
38,956 36,417 19,439 6,798 42,991 78,880 2,609
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
22.29% 23.68% 24.40% 25.96% 26.84% 27.95% 30.93%

- - - - - - -
- - - - - - -
- - - - - - -
27,343 34,520 31,727 38,755 31,406 38,364 37,568
136,717 180,539 158,634 168,092 157,030 191,820 187,841

273,465 215,059 144,316 206,847 249,240 323,439 260,641
164,061 216,647 190,361 201,711 188,436 230,184 225,409
27,343 36,108 31,727 33,618 31,406 38,364 37,568

136,748 34,520 - 38,755 92,210 131,619 72,800
100,339 96,626 13,624 79,148 73,806 76,018 113,360
164,061 215,059 144,316 201,711 188,436 230,184 225,409

2.00x 1.19x 0.91x 1.23x 1.59x 1.69x 1.39x
27,343 34,520 - 33,618 31,406 38,364 37,568
136,717 180,539 158,634 168,092 157,030 191,820 187,841

273,465 215,059 144,316 206,847 249,240 323,439 260,641
164,061 216,647 190,361 201,711 188,436 230,184 225,409
1 - - 1 1 1 1
99,297 - - 71,830 68,701 63,955 102,093

2.00x 1.19x 0.91x 1.23x 1.59x 1.69x 1.39x
30,243 - - 85,468 38,393 - 52,506
27,343 34,520 - 33,618 31,406 38,364 37,568

- - - 2,675 15,703 19,182 18,784
- - - 2,675 15,703 19,182 18,784
- - - - - - -
- - - - - - -
- - - - - - -
27,343 34,520 - 28,268 - - -
- - - 2,675 15,703 19,182 18,784
- - - 2,675 15,703 19,182 18,784
- - - - - - -
- - - - - - -
- - - - - - -
438,074 415,128 390,635 364,486 336,577 306,779 274,970

- - - - - - -
(22,946) (24,493) (26,149) (27,910) (29,798) (31,809) (33,955)
415,128 390,635 364,486 336,577 306,779 274,970 241,015
28,796 27,194 25,485 23,661 21,713 19,634 17,415

- 0 - - - 0 -
388,402 400,055 412,056 424,418 437,150 450,265 463,773

- - - - - - -
- - - - - - (45,237)
400,055 412,056 424,418 437,150 450,265 463,773 432,449
24,639 25,378 26,140 26,924 27,732 28,564 29,421
229,982 194,763 107,018 73,393 0 - -

- - - - - - -
(7,875) (53,225) (33,625) (45,125) (0) - -
194,763 107,018 73,393 (0) - - -
14,866 10,562 6,314 2,569 0 - -
150,000 147,000 144,000 141,000 135,325 116,622 94,440

- - - - - - -
(3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (9,000)
147,000 144,000 141,000 138,000 132,325 113,622 85,440
8,910 8,730 8,550 8,370 8,029 6,907 5,396

150,000 147,000 144,000 141,000 135,325 116,622 94,440
- - - - - - -
(3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (9,000)
147,000 144,000 141,000 138,000 132,325 113,622 85,440
8,910 8,730 8,550 8,370 8,029 6,907 5,396
150,669 155,189 159,845 164,640 169,580 174,667 179,907

- - - - - - -
- - - - - - (17,548)
155,189 159,845 164,640 169,580 174,667 179,907 167,756
11,317 11,656 12,006 12,366 12,737 13,119 12,864
386,777 386,777 386,777 386,777 386,777 386,777 386,777

- - - - - - -
- - - - - - -
386,777 386,777 386,777 386,777 386,777 386,777 386,777
26,301 - - 26,301 26,301 26,301 26,301
1 1 1 1 1 1 1
72,996 60,519 - 45,530 42,400 37,654 75,792

75,454 66,676 19,439 52,328 85,391 116,534 78,401
36,498 30,259 - 45,530 42,400 37,654 75,792
50% 50% 100% 100% 100% 100% 100%

2029 2030 2031 2032 2033 2034 2035
347,381 365,817 383,438 401,750 420,734 381,649 259,832

(49,716) (68,507) (51,333) (50,770) (52,908) (58,502) (54,902)
(4,975) (4,045) (2,974) (1,913) (979) (271) -
292,690 293,265 329,131 349,067 366,847 322,876 204,931
- - - - - - -
(20,563) - - - (85,478) (55,500) -
- - - - - (4,429) -
9,122 8,899 8,658 10,765 12,717 8,737 2,322
2,953 18,041 (769) (86,679) 26,890 95,626 -
- - - - - - -
(3,561) (4,450) (4,167) (73,814) (79,337) (40,128) (38,132)
280,641 315,755 332,853 199,339 241,640 327,181 169,120
- - - - - - -
(135,911) (163,660) (162,596) (154,090) (162,314) (128,696) -
(61,339) (50,918) (38,976) (25,356) (16,583) (6,991) -
(40,410) (44,193) (48,961) - - - -
(17,328) 13,005 22,127 548 43,211 135,687 -
25,654 69,990 104,446 20,442 105,954 327,181 169,120
- - - - - - -
- - - - - - (127,636)
(23,464) (26,301) (26,301) - - (26,301) (21,961)
2,609 4,798 6,385 43,232 63,674 140,281 134,513
- - - - - - -
4,798 48,487 84,530 63,674 169,628 441,161 154,036
(0) (42,103) (41,298) - (29,347) (306,648) (154,036)
4,798 6,385 43,232 63,674 140,281 134,513 (0)
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
35.41% 42.92% 55.00% 69.28% 96.21% 100.00% 100.00%

- - - - - - -
- - - - - - -
- - - - - - -
40,410 94,792 48,961 46,080 (24,341)
202,049 220,963 244,805 230,399 265,981 225,166 0

280,641 315,755 332,853 199,339 241,640 327,181 169,120
242,458 265,155 293,766 276,478 319,178 270,200 0
40,410 44,193 48,961 46,080 53,196 45,033 0

78,593 94,792 88,048 - - 102,015 169,120
40,410 86,295 90,259 12,721 82,544 351,681 154,036
242,458 265,155 293,766 199,339 241,640 270,200

1.39x 1.43x 1.36x 0.87x 0.91x 1.45x
40,410 44,193 48,961 - - 45,033
202,049 220,963 244,805 230,399 265,981 225,166 0

280,641 315,755 332,853 199,339 241,640 327,181 169,120
242,458 265,155 293,766 276,478 319,178 270,200 0
1 1 1 - - 1
23,464 68,403 67,599 - - 332,949

1.39x 1.43x 1.36x 0.87x 0.91x 1.45x
- 37,216 40,765 548 43,211 423,602 -
40,410 44,193 48,961 - - 45,033 -

20,205 22,096 24,480 - - 22,517 -
20,205 22,096 24,480 - - 22,517 -
- 23,291 48,961 - - 45,033 -
- 0 - - - 45,033 -
- 0 - - - 45,033 -
- - - - - - -
20,205 10,451 - - - - -
20,205 10,451 - - - - -
- 23,291 48,961 - - - -
- 0 - - - - -
- - - - - - -
241,015 204,769 166,078 124,772 80,680 33,613 -

- - - - - - -
(36,246) (38,691) (41,306) (44,092) (47,067) (33,613) -
204,769 166,078 124,772 80,680 33,613 - -
15,045 12,516 9,816 6,934 3,857 1,134 -

- - - - - - -
432,449 399,552 347,436 270,469 199,330 92,313 (0)

- - - - - - -
(45,871) (64,102) (87,390) (79,253) (112,997) (95,083) -
399,552 347,436 270,469 199,330 92,313 (0) -
27,433 25,347 22,040 17,158 12,645 5,856 (0)
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
66,656 28,451 (0) - - - -

- - - - - - -
(18,000) (18,000) 0 - - - -
48,656 10,451 - - - - -
3,459 1,167 (0) - - - -

66,656 28,451 (0) - - - -
- - - - - - -
(18,000) (18,000) 0 - - - -
48,656 10,451 - - - - -
3,459 1,167 (0) - - - -
167,756 154,994 111,487 31,970 2,185 - -

- - - - - - -
(17,794) (24,867) (33,900) (30,744) (2,251) - -
154,994 134,778 80,931 2,185 - - -
11,942 10,722 7,119 1,264 81 - -
386,777 386,777 386,777 386,777 386,777 386,777 386,777

- - - - - - -
- - - - - - 127,636
386,777 386,777 386,777 386,777 386,777 386,777 259,141
23,464 26,301 26,301 - - 26,301 21,961
1 1 1 1 1 1 1
- 42,103 41,298 - 29,347 306,648 154,036

4,798 48,487 84,530 63,674 169,628 441,161 154,036
- 42,103 41,298 - 29,347 306,648 154,036
100% 100% 100% 100% 100% 100% 100%

2036 2037 2038 2039 2040 2041 2042
277,417 294,386 239,121 47,227 - - -

(56,543) (58,270) (54,620) (35,200) - - -
- - - - - - -
220,873 236,116 184,501 12,028 - - -
- - - - - - -
(34,066) (35,088) (89,226) (6,334) - - -
- - - - - - -
0 (0) 523 523 - - -
- - - - - - -
- - - - - - -
(19,968) (15,173) (35,217) (0) 22,643 - -
166,839 185,855 60,581 6,217 22,643 - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
166,839 185,855 60,581 6,217 22,643 - -
- - - - - - -
(127,636) (131,504) - - - - -
(13,282) (4,471) - - - - -
0 (0) 0 30,291 0 (0) 0
- - - - - - -
25,921 49,879 60,581 36,508 22,643 (0) 0
(25,921) (49,879) (30,291) (36,508) (22,643) - -
0 (0) 30,291 (0) 0 (0) 0
- - - - - (0) -
- - - - - - -
- - - - - 0 -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
166,839 185,855 60,581 6,217 22,643 - -
0 0 0 0 0 0 0
0 0 0 0 0 0 0
166,839 185,855 60,581 6,217 22,643 - -
25,921 49,879 60,581 36,508 22,643 - 0
0 0 0 0 0 0 0
166,839 185,855 60,581 6,217 22,643 - -
0 0 0 0 0 0 0
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
259,141 131,504 - - - - -
- - - - - - -
127,636 131,504 - - - - -
131,504 - - - - - -
13,282 4,471 - - - - -
1 1 1 1 1 - -
25,921 49,879 60,581 36,508 22,643

25,921 49,879 60,581 36,508 22,643
25,921 49,879 30,291 36,508 22,643
100% 100% 50% 100% 100%

2043 2044
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(0) 0
- -
(0) 0
- -
(0) 0
(0) -
- -
0 -
0.0% 0.0%
100.0% 100.0%
0.00% 0.00%
x
- -
- -
- -
0 0
- -
0 0
0 0
- -
- 0
0 0
- -
0 0
-
x
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
x
- -
-
Balance General
COP M
Check (0)
x Balance General
x Activos
Efectivo y equivalentes
Cuenta de reserva O&M
Cuenta de reserva USD Debt Service
Cuenta de reserva COP Servicio de deuda
Cuenta de reserva IDC
Cuenta de reserva Disbursement Collateral
Cuenta de Soporte Contractual propia
Subcuenta ANI
Anticipo de renta
Otros activos
Activos financieros
Impuesto diferido activo
PP&E
Otros activos
Total activos
x Pasivos
Proveedores
Costos y gastos por pagar
Retenciones a Terceros
Pasivos por impuestos corrientes
Beneficios a empleados/Obligaciones laborales
Impuesto de renta por pagar
Impuesto a las ganancias
Instrumentos financieros
Pasivos estimado y provisiones
Instrumento financiero
Diferencia en cambio
Cupon de descuento, costos transaccionales y costo amortizado Emisión
Obligaciones financieras
Costos Transacción Obligaciones Financieras
Cuentas por Pagar PA de la Transacción
Intereses por pagar de las obligaciones financieras
Deudas con accionistas
Intereses (Deuda Accionistas)
Impuesto diferido pasivo
Recursos ANI
Total pasivos
x Patrimonio
Capital social
Utilidades retenidas
Utilidad del ejercicio
Total patrimonio
Total pasivos + patrimonio
Check
x Efectivo y Equivalentes
No Restringido
Caja menor COP M
Bancolombia COP M
TOTAL COP M
Restringido
Cuentas PA
Cuenta de Ahorros Bancolombia - 03132760747 - Predios
Cuenta de Ahorros Bancolombia - 03132760879 - Compensación
Cuenta de Ahorros Bancolombia - 03132760933 - Redes
Bancos moneda legal - Cuenta de ahorros - 03160890630 - Bancolombia - Pagos O&M
Bancos moneda legal - Cuenta de ahorros - 03160888406 - Bancolombia - Capex
Bancos moneda legal - Cuenta de ahorros - 03160887655 - Bancolombia - Balance en pesos
Bancos moneda legal - Cuenta de ahorros - 03160887973 - Bancolombia - Reserva en pesos
Bancos moneda legal - Cuenta de ahorros - 03160888139 - Bancolombia - Soporte contractual
Bancos moneda legal - Cuenta de ahorros - 03160888279 - Bancolombia - Reserva O&M
Bancos moneda legal - Cuenta de ahorros - 03160887817 - Bancolombia - Creditos y Equity
Bancos moneda extranjera - Cuenta de ahorros - 116363 - Citibank NA - Disbursement collateral
Bancos moneda extranjera - Cuenta de ahorros - 116364 - Citibank NA - IDC Sub-Account
Bancos moneda extranjera - Cuenta de ahorros - 116366 - Citibank NA - Usd CI Debt Serv
Cuentas ANI
Cuenta de Ahorros Bancolombia - 03132761140 - Interventoria
Cuenta de Ahorros Bancolombia - 03132761239 - Soporte contractual
Cuenta de Ahorros Bancolombia - 03132761301 - Amigable composición
Bancos moneda legal - Cuenta de ahorros - 03132761689 - Bancolombia - Obras
Bancos moneda legal - Cuenta de ahorros - 03132760976 - Bancolombia - General Aporte ANI
Bancos moneda legal - Cuenta de ahorros - 03170240595 - Bancolombia - Vigencias ANI UF - 1
Bancos moneda legal - Cuenta de ahorros - 03170241583 - Bancolombia - Vigencias ANI UF - 4
Bancos moneda extranjera - Cuenta de ahorros - 36273799 - Citibank NA - Aportes ANI UF - 4
Bancos moneda extranjera - Cuenta de ahorros - 36274062 - Citibank NA - Aportes ANI UF - 4
Bancos PA de la Transacción
Cuenta de Ahorros Bancolombia - 03162177167 - PA cta fondeo
Cuenta de Ahorros Bancolombia - 03162177370 - PA cta pago sm
Cuenta de Ahorros Bancolombia - 03162176837- PA Costera ing
Bancos moneda extranjera - Cuenta de ahorros - 116296 - Citibank NA
Cuenta de Ahorros Bancolombia - 03162177477- PA cta soporte
TOTAL COP M
Cuentas ANI
Cuentas Proyecto
Cuentas Financiación
x Otros Activos
Otros Activos PA
Gastos Pagados por anticipado - Costos de transacción (1) COP M
Otros Activos - Costos de Transacción (1) COP M
Seguros (2) COP M
Costos asociados a la obra pendientes de legalizar (3) COP M
Intangible - programas para computación, software 84) COP M
TOTAL COP M
Otros Activos Concesión

Anticipo a Proveedores COP M
Cuentas por cobrar Incapacidades COP M
Cuentas por Cobrar a Trabajadores COP M
Anticipo Sobretasa CREE COP M
Gasto Fondo Rotatorio (5) COP M
TOTAL COP M
Total Otros activos COP M
x Activo Financiero
Otras cuentas por Cobrar

Retribución por servicios de construcción, operación y mantenimiento
Diversas
intereses retribución por servicios de construcción, operación y mantenimiento
Total Activo Financiero
Capex
Adiciones de Capex
Porcentaje de margen en Capex 25.0%
Ingresos por actividades ordinarias Capex
Opex
Adiciones de Opex
Porcentaje de margen en Opex 10.0%
Ingresos por actividades ordinarias Opex
Activo financiero inicial

Adiciones Capex
Margen Capex
Adiciones Opex
Margen Opex
Comisiones de deuda
Ingresos financieros 10.1%
Activo financiero despues de adiciones
Ingresos de caja
Activo financiero final
Ingresos
Opex + margen
Capex + margen
Comisiones de deuda
Flujo final
Tasa interna de retorno para ing. Financiero 10.1%
x D&A
Otros activos (diferidos)

Años de amortización
Activo inicial
Amortización del periodo
(-) Amortización acumulada
Activo final
PP&E
Años de depreciación
Activo inicial
Depreciación del periodo
(-) Depreciación acumulada
Activo final
D&A Activos
x Cuentas de reserva
Contador Cuentas de Reserva
Cuentas de Reserva O&M (OMRA)
Monto Requerido Reserva O&M
Saldo incial
(+) Adiciones
(-) Usos
Saldo final
Cuentas de Reserva Servicio de Deuda USD (DSRA)
Capital
Intereses
Reserva Requerida DSRA USD
Saldo incial
(+) Adiciones
(-) Usos
Saldo final
Cuentas de Reserva Servicio de Deuda COP (DSRA)
Capital Crédito COP

Intereses Crédito COP
Capital Bonos UVR
Intereses Bonos UVR
Reserva Requerida DSRA COP
Saldo incial
(+) Adiciones
(-) Usos
Saldo final
Movimiento Caja Cuentas de Reserva Deuda
Movimiento Caja Cuentas de Reserva O&M
Cuenta de Reserva - Soporte Contractual

Saldo incial
(+) Adiciones
(-) Usos
Saldo final
Cuenta de Reserva - Disbursment Collateral (USD)

Saldo incial
(+) Adiciones
(-) Usos
Saldo final
Check
Cuentas de Reserva Rizzani
Cuenta de Reserva IDC (USD)

Saldo incial
(+) Adiciones
(-) Usos
Saldo final
Check
Movimiento caja Cuentas Reserva Deuda

Caja Disponible para Inversiones
Inversión con Caja Disponible
x Pasivos - Capital de trabajo
Año de fin de construcción
Proveedores
Saldo incial
(-) Pago a proveedores
Saldo final
Retenciones a terceros
Saldo incial
Saldo final
Pasivos por impuestos corrientes

Saldo incial
Saldo final
Costos y gastos por pagar

Saldo incial
Saldo final
Obligaciones laborales
Saldo incial
Saldo final
Intereses por pagar

Saldo incial
(+) Adiciones
(-) Usos
Saldo final
WK
Costos transaccionales, intereses

Saldo incial
(-) Uso
Saldo final
Impuesto diferido pasivo
Saldo incial
Saldo final
Recursos ANI
Saldo incial
Saldo final
Impuesto a las ganancias

Saldo incial
Saldo final
x Impuestos
Anticipo de Renta
Anticipo de renta
Saldo inicial
(+) Adiciones
(-) Usos
Saldo final
Impuesto de renta por pagar

Saldo inicial
(+) Adiciones
(-) Usos
Saldo final
Impuesto en Caja
x
Saldo Bonos
Serie A
Serie B
(0) (0) (0)
- -
2014 2015 2016 2017 2018 2019
309 28,913 38,712 (0) 51,571

- 14,572 14,653 20,972 37,675
- 31,153 31,027 29,570 29,570
- 22,867 11,122 78,591 79,618
- 46,432 15,079 - -
- 81,205 7,269 7,269 -
- 41,353 10,172 10,172 -
- 292,614 287,218 287,218 287,218
- - - - -
311 56,000 56,088 53,538 50,989
210,416 414,319 1,194,148 1,684,476 1,711,905
- - - - -
- 2,833 2,118 2,022 1,926
928 - - - -
211,963 1,032,261 1,667,606 2,173,828 2,250,471
- 43,491 46,662 46,662 46,662

413 1,530 7,314 - -
23,312 23,312 23,312
63 9,715 1,585 - -
359 824 974 - -
- - - 1,429 9,887
- 21 - - -
500 - - - -
1,499 - - - -
- 767,510 780,997 792,656 803,648
14,433 11,913 11,913 11,913
- (125,281) (122,614) (122,614) (122,614)
- 23,718 376,686 687,550 691,814
(6,163) (14,498) (14,498) (14,498)
- - 6,761 6,761 6,761
- 77 13,214 13,214 13,214
206,973 260,973 285,206 386,777 386,777
21,315 37,586 60,098 86,785
- 2,463 31,912 31,912 31,912
- 13,048 124,956 124,956 124,956
209,806 1,027,673 1,611,965 2,050,127 2,100,529
50 84 84 84 84
850 (114) 18,516 55,557 123,618
1,257 4,618 37,041 68,061 26,240
2,157 4,588 55,640 123,702 149,942
211,963 1,032,261 1,667,606 2,173,828 2,250,471
- - (0.00230) (0.00230) (0.00230)
38,679 38,679 - -
745,499 33 (0) 51,571
813,091 28,913 38,712 (0) 51,571
155,770 53,159 53,159 53,159

74,169 78,381 78,381 78,381
19,183 694 694 694
2 2 2
32,114 32,114 32,114
e en pesos - - -
a en pesos 22,867 11,122 - -
e contractual 41,353 10,172 10,172 10,172
14,572 14,653 - -
- - - -
ment collateral 81,205 7,269 - -
46,432 15,079 - -
31,153 31,027 - -
28,784 24,599 24,599 24,599

1,084 1,342 1,342 1,342
756 783 783 783
1,713 3,996 3,996 3,996
al Aporte ANI 11,155 98,747 98,747 98,747
ias ANI UF - 1 - 2,972 2,972 2,972
ias ANI UF - 4 - 169 169 169
s ANI UF - 4 - 1,542 1,542 1,542
s ANI UF - 4 - 20,834 20,834 20,834
1 1 1
7 7 7
42 42 42
295 295 295
6,209 6,209 6,209
10,019,014 530,196 415,210 336,060 336,060
292,614 287,218 287,218 287,218

- 38,669 38,669 38,669
237,582 89,322 10,172 10,172
845,043 30,180 30,180 30,180

206,241 7,366 7,366 7,366
173,566 6,199 6,199 6,199
276,757 9,884 9,884 9,884
2,956 106 106 106
1,504,564 53,734 53,734 53,734
428 15 15 15
1,055 38 38 38
526 19 19 19
4,829 172 172 172
59,050 2,109 2,109 2,109
65,888 2,353 2,353 2,353
1,570,452 56,088 56,088 56,088
740 740 740

1,088,786 1,088,786 1,088,786
0 0 0
104,622 104,622 104,622
1,194,148 1,194,148 1,194,148
426,481 302,684 40,885

106,620 75,671 10,221
533,101 378,355 51,106
29,487 21,193 24,500

2,949 2,119 2,450
32,436 23,313 26,950
687,550
414,319 1,194,148 1,684,476
737,985 302,684 40,885
215,575 75,671 10,221
970,094 21,193 24,500
97,009 2,119 2,450
108,578 17,065 11,164
2,392,430 120,571 170,079
4,521,671 1,733,452 1,943,774
(5,715,818) (48,976) (231,869)
(1,194,148) 1,684,476 1,711,905
6,306,368 - 14,651 48,976 231,869

(1,138,258) - (32,436) (23,313) (26,950)
(1,618,891) - (533,101) (378,355) (51,106)
(133,212) - (24,633) (17,065) (11,164)
3,416,007 (414,319) (779,828) (369,757) 142,650
23 23 22 21
56,088 53,538
(56,088) (2,549) (2,549)
(2,549) (5,099)
56,000 56,088 53,538 50,989
23 23 22 21
2,118 2,022
(2,118) (96) (96)
(96) (193)
2,833 2,118 2,022 1,926
(2,646) (2,646)
2,034 1 1
20,972 37,675
14,572 14,653 20,972

6,319 16,703
- -
14,572 14,653 20,972 37,675
- -
29,570 29,570
29,570 29,570
- 31,153 31,027 29,570

- -
(1,457) -
31,153 31,027 29,570 29,570
- -
56,086 56,410
- -
22,505 23,208
78,591 79,618
22,867 11,122 78,591

67,469 1,026
- -
22,867 11,122 78,591 79,618
(66,013) (1,026)
(6,319) (16,703)
- 41,353 10,172 10,172

41,353 - - -
40,921 - (10,172)
41,353 10,172 10,172 -
81,205 7,269 7,269

- -
- (7,269)
81,205 7,269 7,269 -
- 14,538
- 17,441
46,432 15,079 -
- -
(15,079) -
46,432 15,079 - -
15,079
137,304 172,504
6,255 5,290 6,128
2020
46,662 46,662
-
46,662 46,662 46,662
2020
23,312 23,312
-
23,312 23,312 23,312
2018
1,585 -
(1,585) -
1,585 - -
2018
7,314 -
(7,314) -
7,314 - -
2018
974 -
(974) -
974 - -
77 20,697 43,208
20,620 22,511 26,688
- - -
77 20,697 43,208 69,896
(9,874) -
(125,281) (125,281) (125,281)

- - -
(125,281) (125,281) (125,281) (125,281)
2,463 2,463 2,463
- - -
2,463 2,463 2,463 2,463
13,048 13,048 13,048

- - -
13,048 13,048 13,048 13,048
21 - -
21 - -
21 - - -
1 1
- -
75% - -
- -
- -
- -
- - 1,429
- 1,429 9,887
- - (1,429)
- 1,429 9,887
(331,493) - (1,429)
452,507 449,987
329,436 342,923
(0) (0) (0) (0) (0) (0) (0)
- - - - - - -
2020 2021 2022 2023 2024 2025 2026
13,029 31,603 38,956 36,417 19,439 6,798 42,991

27,984 28,233 27,814 30,838 115,570 60,615 31,340
29,570 51,742 51,687 51,634 51,571 51,511 51,443
69,708 82,517 124,282 101,185 109,724 62,528 61,498
- - - - - - -
- - - - - - -
- - - - - - -
287,218 287,218 287,218 287,218 287,218 287,218 287,218
- 4,520 2,019 2,111 2,229 2,623 2,796
48,439 45,890 43,340 40,791 38,242 35,692 33,143
1,780,848 1,793,618 1,712,889 1,676,632 1,626,619 1,668,903 1,631,753
- - - - - - -
1,829 1,733 1,637 1,540 1,444 1,348 1,252
- - - - - - -
2,258,626 2,327,073 2,289,843 2,228,367 2,252,056 2,177,237 2,143,433
4,429 4,429 4,429 4,429 4,429 4,429 4,429

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2,166 2,692 2,815 2,973 3,498 3,728 3,902
- - - - - - -
- - - - - - -
- - - - - - -
815,164 826,476 815,182 802,691 788,904 773,727 757,044
11,913 11,913 11,913 11,913 11,913 11,913 11,913
(122,614) (122,614) (122,614) (122,614) (122,614) (122,614) (122,614)
696,281 680,651 643,952 554,863 520,034 440,229 407,911
(14,498) (14,498) (14,498) (14,498) (14,498) (14,498) (14,498)
6,761 6,761 6,761 6,761 6,761 6,761 6,761
13,214 13,214 13,214 13,214 13,214 13,214 13,214
386,777 386,777 386,777 386,777 386,777 386,777 386,777
114,633 141,321 141,321 167,622 193,923 193,923 193,923
31,912 31,912 31,912 31,912 31,912 31,912 31,912
124,956 124,956 124,956 124,956 124,956 124,956 124,956
2,071,093 2,093,989 2,046,120 1,970,998 1,949,207 1,854,456 1,805,628
84 84 84 84 84 84 84
149,858 187,449 196,503 213,381 257,285 257,235 280,298
37,591 45,552 47,138 43,904 45,479 65,462 57,424
187,533 233,084 243,724 257,369 302,848 322,781 337,805
2,258,626 2,327,073 2,289,843 2,228,367 2,252,056 2,177,237 2,143,433
(0.00230) (0.00230) (0.00230) (0.00230) (0.00230) (0.00230) (0.00230)
- - - - - - -
13,029 31,603 38,956 36,417 19,439 6,798 42,991
13,029 31,603 38,956 36,417 19,439 6,798 42,991
53,159 53,159 53,159 53,159 53,159 53,159 53,159

78,381 78,381 78,381 78,381 78,381 78,381 78,381
694 694 694 694 694 694 694
2 2 2 2 2 2 2
32,114 32,114 32,114 32,114 32,114 32,114 32,114
- - - - - - -
- - - - - - -
10,172 10,172 10,172 10,172 10,172 10,172 10,172
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24,599 24,599 24,599 24,599 24,599 24,599 24,599

1,342 1,342 1,342 1,342 1,342 1,342 1,342
783 783 783 783 783 783 783
3,996 3,996 3,996 3,996 3,996 3,996 3,996
98,747 98,747 98,747 98,747 98,747 98,747 98,747
2,972 2,972 2,972 2,972 2,972 2,972 2,972
169 169 169 169 169 169 169
1,542 1,542 1,542 1,542 1,542 1,542 1,542
20,834 20,834 20,834 20,834 20,834 20,834 20,834
1 1 1 1 1 1 1
7 7 7 7 7 7 7
42 42 42 42 42 42 42
295 295 295 295 295 295 295
6,209 6,209 6,209 6,209 6,209 6,209 6,209
336,060 336,060 336,060 336,060 336,060 336,060 336,060
287,218 287,218 287,218 287,218 287,218 287,218 287,218

38,669 38,669 38,669 38,669 38,669 38,669 38,669
10,172 10,172 10,172 10,172 10,172 10,172 10,172
30,180 30,180 30,180 30,180 30,180 30,180 30,180

7,366 7,366 7,366 7,366 7,366 7,366 7,366
6,199 6,199 6,199 6,199 6,199 6,199 6,199
9,884 9,884 9,884 9,884 9,884 9,884 9,884
106 106 106 106 106 106 106
53,734 53,734 53,734 53,734 53,734 53,734 53,734
15 15 15 15 15 15 15
38 38 38 38 38 38 38
19 19 19 19 19 19 19
172 172 172 172 172 172 172
2,109 2,109 2,109 2,109 2,109 2,109 2,109
2,353 2,353 2,353 2,353 2,353 2,353 2,353
56,088 56,088 56,088 56,088 56,088 56,088 56,088
740 740 740 740 740 740 740

1,088,786 1,088,786 1,088,786 1,088,786 1,088,786 1,088,786 1,088,786
0 0 0 0 0 0 0
104,622 104,622 104,622 104,622 104,622 104,622 104,622
1,194,148 1,194,148 1,194,148 1,194,148 1,194,148 1,194,148 1,194,148
48,242 13,954 - - - 86,059 30,589

12,061 3,488 - - - 21,515 7,647
60,303 17,442 - - - 107,574 38,236
44,109 34,861 38,694 37,955 39,257 40,692 41,966

4,411 3,486 3,869 3,796 3,926 4,069 4,197
48,520 38,347 42,564 41,751 43,182 44,761 46,163
1,711,905 1,780,848 1,793,618 1,712,889 1,676,632 1,626,619 1,668,903

48,242 13,954 - - - 86,059 30,589
12,061 3,488 - - - 21,515 7,647
44,109 34,861 38,694 37,955 39,257 40,692 41,966
4,411 3,486 3,869 3,796 3,926 4,069 4,197
8,412 8,412 8,187 7,745 7,310 6,884 6,467
172,848 179,809 181,099 172,947 169,287 164,237 168,506
2,001,988 2,024,858 2,025,467 1,935,332 1,896,411 1,950,075 1,928,275
(221,139) (231,241) (312,578) (258,700) (269,792) (281,172) (296,523)
1,780,848 1,793,618 1,712,889 1,676,632 1,626,619 1,668,903 1,631,753
221,139 231,241 312,578 258,700 269,792 281,172 296,523

(48,520) (38,347) (42,564) (41,751) (43,182) (44,761) (46,163)
(60,303) (17,442) - - - (107,574) (38,236)
(8,412) (8,412) (8,187) (7,745) (7,310) (6,884) (6,467)
103,905 167,040 261,827 209,205 219,299 121,953 205,657
20 19 18 17 16 15 14
50,989 48,439 45,890 43,340 40,791 38,242 35,692
(2,549) (2,549) (2,549) (2,549) (2,549) (2,549) (2,549)
(7,648) (10,198) (12,747) (15,297) (17,846) (20,395) (22,945)
48,439 45,890 43,340 40,791 38,242 35,692 33,143
20 19 18 17 16 15 14
1,926 1,829 1,733 1,637 1,540 1,444 1,348
(96) (96) (96) (96) (96) (96) (96)
(289) (385) (481) (578) (674) (770) (867)
1,829 1,733 1,637 1,540 1,444 1,348 1,252
(2,646) (2,646) (2,646) (2,646) (2,646) (2,646) (2,646)
1 1 1 1 1 1 1
27,984 28,233 27,814 30,838 115,570 60,615 31,340
37,675 27,984 28,233 27,814 30,838 115,570 60,615

- 249 - 3,023 84,732 - -
(9,691) - (419) - - (54,955) (29,275)
27,984 28,233 27,814 30,838 115,570 60,615 31,340
- 22,946 24,493 26,149 27,910 29,798 31,809
29,570 28,796 27,194 25,485 23,661 21,713 19,634
29,570 51,742 51,687 51,634 51,571 51,511 51,443
29,570 29,570 51,742 51,687 51,634 51,571 51,511

- 22,172 - - - - -
- - (55) (53) (63) (60) (68)
29,570 51,742 51,687 51,634 51,571 51,511 51,443
- 13,875 59,225 39,625 51,125 6,000 6,000

45,787 44,003 39,679 35,420 31,675 28,796 26,934
- - - - - - -
23,922 24,639 25,378 26,140 26,924 27,732 28,564
69,708 82,517 124,282 101,185 109,724 62,528 61,498
79,618 69,708 82,517 124,282 101,185 109,724 62,528

- 12,809 41,765 - 8,539 - -
(9,910) - - (23,097) - (47,196) (1,030)
69,708 82,517 124,282 101,185 109,724 62,528 61,498
9,910 (34,981) (41,710) 23,150 (8,475) 47,256 1,099
9,691 (249) 419 (3,023) (84,732) 54,955 29,275
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
169,362 167,193 218,417 231,407 258,189 238,878 184,362
6,101 5,772 7,541 7,990 8,914 8,247 6,365
46,662 4,429 4,429 4,429 4,429 4,429 4,429

(42,233) - - - - - -
4,429 4,429 4,429 4,429 4,429 4,429 4,429
23,312 - - - - - -
(23,312) - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
69,896 97,744 - - - - -
27,848 26,688 - - - - -
- 124,432 - - - - -
97,744 - - - - - -
(65,545) - - - - - -
(125,281) - - - - - -
(125,281) - - - - - -
- - - - - - -
2,463 2,463 2,463 2,463 2,463 2,463 2,463
- - - - - - -
2,463 2,463 2,463 2,463 2,463 2,463 2,463
13,048 13,048 13,048 13,048 13,048 13,048 13,048

- - - - - - -
13,048 13,048 13,048 13,048 13,048 13,048 13,048
- - - - - - -
- - - - - - -
- - - - - - -
1 1 1 1 1 1 1
- - 4,520 2,019 2,111 2,229 2,623

- 4,520 2,019 2,111 2,229 2,623 2,796
- - (4,520) (2,019) (2,111) (2,229) (2,623)
- 4,520 2,019 2,111 2,229 2,623 2,796
- - (4,520) (2,019) (2,111) (2,229) (2,623)
9,887 2,166 2,692 2,815 2,973 3,498 3,728

2,166 2,692 2,815 2,973 3,498 3,728 3,902
(9,887) (2,166) (2,692) (2,815) (2,973) (3,498) (3,728)
2,166 2,692 2,815 2,973 3,498 3,728 3,902
(9,887) (6,686) (191) (2,907) (3,091) (3,892) (3,901)

(0) (0) (0) (0) (0) (0) (0)
- - - - - - -
2027 2028 2029 2030 2031 2032 2033
78,880 2,609 4,798 6,385 43,232 63,674 140,281

52,073 56,062 53,109 35,068 35,837 122,516 95,626
51,370 51,291 51,207 51,122 51,026 50,924 34,748
133,862 145,959 163,371 150,450 128,419 127,973 100,939
- - - - - - -
- - - - - - -
- - - - - - -
287,218 287,218 287,218 287,218 287,218 287,218 287,218
2,926 3,042 2,907 3,153 3,143 32,982 48,136
30,593 28,044 25,494 22,945 20,395 17,846 15,297
1,461,502 1,359,705 1,234,978 1,073,257 857,624 600,227 406,122
- - - - - - -
1,155 1,059 963 867 770 674 578
- - - - - - -
2,099,579 1,934,990 1,824,046 1,630,465 1,427,666 1,304,035 1,128,944
4,429 4,429 4,429 4,429 4,429 4,429 4,429

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4,057 3,696 4,204 4,177 43,976 64,182 46,688
- - - - - - -
- - - - - - -
- - - - - - -
738,743 673,464 604,321 513,515 395,242 280,010 125,927
11,913 11,913 11,913 11,913 11,913 11,913 11,913
(122,614) (122,614) (122,614) (122,614) (122,614) (122,614) (122,614)
368,787 301,067 211,896 111,487 31,970 2,185 -
(14,498) (14,498) (14,498) (14,498) (14,498) (14,498) (14,498)
6,761 6,761 6,761 6,761 6,761 6,761 6,761
13,214 13,214 13,214 13,214 13,214 13,214 13,214
386,777 386,777 386,777 386,777 386,777 386,777 386,777
193,923 193,923 196,759 196,759 196,759 223,060 249,361
31,912 31,912 31,912 31,912 31,912 31,912 31,912
124,956 124,956 124,956 124,956 124,956 124,956 124,956
1,748,358 1,614,999 1,460,030 1,268,787 1,110,796 1,012,286 864,825
84 84 84 84 84 84 84
300,068 275,345 319,907 321,830 320,297 316,787 262,317
51,070 44,562 44,025 39,765 (3,510) (25,122) 1,718
351,221 319,991 364,016 361,678 316,871 291,748 264,119
2,099,579 1,934,990 1,824,046 1,630,465 1,427,666 1,304,035 1,128,944
(0.00230) (0.00230) (0.00230) (0.00230) (0.00230) (0.00230) (0.00230)
- - - - - - -
78,880 2,609 4,798 6,385 43,232 63,674 140,281
78,880 2,609 4,798 6,385 43,232 63,674 140,281
53,159 53,159 53,159 53,159 53,159 53,159 53,159

78,381 78,381 78,381 78,381 78,381 78,381 78,381
694 694 694 694 694 694 694
2 2 2 2 2 2 2
32,114 32,114 32,114 32,114 32,114 32,114 32,114
- - - - - - -
- - - - - - -
10,172 10,172 10,172 10,172 10,172 10,172 10,172
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24,599 24,599 24,599 24,599 24,599 24,599 24,599

1,342 1,342 1,342 1,342 1,342 1,342 1,342
783 783 783 783 783 783 783
3,996 3,996 3,996 3,996 3,996 3,996 3,996
98,747 98,747 98,747 98,747 98,747 98,747 98,747
2,972 2,972 2,972 2,972 2,972 2,972 2,972
169 169 169 169 169 169 169
1,542 1,542 1,542 1,542 1,542 1,542 1,542
20,834 20,834 20,834 20,834 20,834 20,834 20,834
1 1 1 1 1 1 1
7 7 7 7 7 7 7
42 42 42 42 42 42 42
295 295 295 295 295 295 295
6,209 6,209 6,209 6,209 6,209 6,209 6,209
336,060 336,060 336,060 336,060 336,060 336,060 336,060
287,218 287,218 287,218 287,218 287,218 287,218 287,218

38,669 38,669 38,669 38,669 38,669 38,669 38,669
10,172 10,172 10,172 10,172 10,172 10,172 10,172
30,180 30,180 30,180 30,180 30,180 30,180 30,180

7,366 7,366 7,366 7,366 7,366 7,366 7,366
6,199 6,199 6,199 6,199 6,199 6,199 6,199
9,884 9,884 9,884 9,884 9,884 9,884 9,884
106 106 106 106 106 106 106
53,734 53,734 53,734 53,734 53,734 53,734 53,734
15 15 15 15 15 15 15
38 38 38 38 38 38 38
19 19 19 19 19 19 19
172 172 172 172 172 172 172
2,109 2,109 2,109 2,109 2,109 2,109 2,109
2,353 2,353 2,353 2,353 2,353 2,353 2,353
56,088 56,088 56,088 56,088 56,088 56,088 56,088
740 740 740 740 740 740 740

1,088,786 1,088,786 1,088,786 1,088,786 1,088,786 1,088,786 1,088,786
0 0 0 0 0 0 0
104,622 104,622 104,622 104,622 104,622 104,622 104,622
1,194,148 1,194,148 1,194,148 1,194,148 1,194,148 1,194,148 1,194,148
- 19,964 20,563 - - - 85,478

- 4,991 5,141 - - - 21,370
- 24,955 25,704 - - - 106,848
45,060 45,735 49,716 68,507 51,333 50,770 52,908

4,506 4,574 4,972 6,851 5,133 5,077 5,291
49,566 50,309 54,688 75,357 56,467 55,846 58,199
1,631,753 1,461,502 1,359,705 1,234,978 1,073,257 857,624 600,227

- 19,964 20,563 - - - 85,478
- 4,991 5,141 - - - 21,370
45,060 45,735 49,716 68,507 51,333 50,770 52,908
4,506 4,574 4,972 6,851 5,133 5,077 5,291
6,104 5,673 4,975 4,045 2,974 1,913 979
164,755 147,565 137,287 124,694 108,365 86,593 60,604
1,852,178 1,690,005 1,582,359 1,439,074 1,241,062 1,001,977 826,856
(390,676) (330,299) (347,381) (365,817) (383,438) (401,750) (420,734)
1,461,502 1,359,705 1,234,978 1,073,257 857,624 600,227 406,122
390,676 330,299 347,381 365,817 383,438 401,750 420,734

(49,566) (50,309) (54,688) (75,357) (56,467) (55,846) (58,199)
- (24,955) (25,704) - - - (106,848)
(6,104) (5,673) (4,975) (4,045) (2,974) (1,913) (979)
335,006 249,362 262,015 286,415 323,997 343,990 254,709
13 12 11 10 9 8 7
33,143 30,593 28,044 25,494 22,945 20,395 17,846
(2,549) (2,549) (2,549) (2,549) (2,549) (2,549) (2,549)
(25,494) (28,044) (30,593) (33,143) (35,692) (38,242) (40,791)
30,593 28,044 25,494 22,945 20,395 17,846 15,297
13 12 11 10 9 8 7
1,252 1,155 1,059 963 867 770 674
(96) (96) (96) (96) (96) (96) (96)
(963) (1,059) (1,155) (1,252) (1,348) (1,444) (1,540)
1,155 1,059 963 867 770 674 578
(2,646) (2,646) (2,646) (2,646) (2,646) (2,646) (2,646)
1 1 1 1 1 1 1
52,073 56,062 53,109 35,068 35,837 122,516 95,626
31,340 52,073 56,062 53,109 35,068 35,837 122,516

20,732 3,989 - - 769 86,679 -
- - (2,953) (18,041) - - (26,890)
52,073 56,062 53,109 35,068 35,837 122,516 95,626
33,955 36,246 38,691 41,306 44,092 47,067 33,613
17,415 15,045 12,516 9,816 6,934 3,857 1,134
51,370 51,291 51,207 51,122 51,026 50,924 34,748
51,443 51,370 51,291 51,207 51,122 51,026 50,924

- - - - - - -
(73) (78) (85) (85) (96) (102) (16,176)
51,370 51,291 51,207 51,122 51,026 50,924 34,748
35,548 53,794 60,867 33,900 30,744 2,251 -

23,656 18,860 13,056 7,119 1,264 81 -
45,237 45,871 64,102 87,390 79,253 112,997 95,083
29,421 27,433 25,347 22,040 17,158 12,645 5,856
133,862 145,959 163,371 150,450 128,419 127,973 100,939
61,498 133,862 145,959 163,371 150,450 128,419 127,973

72,365 12,097 17,412 - - - -
- - - (12,921) (22,031) (446) (27,034)
133,862 145,959 163,371 150,450 128,419 127,973 100,939
(72,292) (12,019) (17,328) 13,005 22,127 548 43,211
(20,732) (3,989) 2,953 18,041 (769) (86,679) 26,890
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
251,728 286,053 264,203 257,755 250,770 311,801 368,340
8,691 9,876 9,122 8,899 8,658 10,765 12,717
4,429 4,429 4,429 4,429 4,429 4,429 4,429

- - - - - - -
4,429 4,429 4,429 4,429 4,429 4,429 4,429
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2,463 2,463 2,463 2,463 2,463 2,463 2,463
- - - - - - -
2,463 2,463 2,463 2,463 2,463 2,463 2,463
13,048 13,048 13,048 13,048 13,048 13,048 13,048

- - - - - - -
13,048 13,048 13,048 13,048 13,048 13,048 13,048
- - - - - - -
- - - - - - -
- - - - - - -
1 1 1 1 1 1 1
2,796 2,926 3,042 2,907 3,153 3,143 32,982

2,926 3,042 2,907 3,153 3,143 32,982 48,136
(2,796) (2,926) (3,042) (2,907) (3,153) (3,143) (32,982)
2,926 3,042 2,907 3,153 3,143 32,982 48,136
(2,796) (2,926) (3,042) (2,907) (3,153) (3,143) (32,982)
3,902 4,057 3,696 4,204 4,177 43,976 64,182

4,057 3,696 4,204 4,177 43,976 64,182 46,688
(3,902) (4,057) (3,696) (4,204) (4,177) (43,976) (64,182)
4,057 3,696 4,204 4,177 43,976 64,182 46,688
(4,032) (4,173) (3,561) (4,450) (4,167) (73,814) (79,337)

(0) (0) (0) (0) (0) (0) (0)
- - - - - - -
2034 2035 2036 2037 2038 2039 2040
134,513 (0) 0 (0) 30,291 (0) 0

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
287,218 287,218 287,218 287,218 287,218 287,218 287,218
41,576 34,472 27,185 18,985 23,230 22,746 -
12,747 10,198 7,648 5,099 2,549 - -
199,477 20,177 - - - - -
- - - - - - -
481 385 289 193 96 - -
- - - - - - -
676,013 352,450 322,340 311,495 343,384 309,964 287,218
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
45,237 27,255 23,373 30,973 484 102 -
- - - - - - -
- - - - - - -
- - - - - - -
(0) - - - - - -
11,913 11,913 11,913 11,913 11,913 11,913 11,913
(122,614) (122,614) (122,614) (122,614) (122,614) (122,614) (122,614)
- - - - - - -
(14,498) (14,498) (14,498) (14,498) (14,498) (14,498) (14,498)
6,761 6,761 6,761 6,761 6,761 6,761 6,761
13,214 13,214 13,214 13,214 13,214 13,214 13,214
386,777 259,141 131,504 - - - -
249,361 249,361 249,361 249,361 249,361 249,361 249,361
31,912 31,912 31,912 31,912 31,912 31,912 31,912
124,956 124,956 124,956 124,956 124,956 124,956 124,956
733,017 587,399 455,880 331,976 301,487 301,106 301,003
84 84 84 84 84 84 84
(42,612) (211,124) (260,954) (183,503) (50,856) 5,306 (13,869)
(14,476) (23,909) 127,330 162,938 92,669 3,469 -
(57,004) (234,949) (133,540) (20,481) 41,897 8,858 (13,785)
676,013 352,450 322,340 311,495 343,384 309,964 287,218
(0.00230) (0.00230) (0.00230) (0.00230) (0.00230) (0.00230) (0.00230)
- - - - - - -
134,513 0 (0) 0 30,291 0 (0)
134,513 0 (0) 0 30,291 0 (0)
53,159 53,159 53,159 53,159 53,159 53,159 53,159

78,381 78,381 78,381 78,381 78,381 78,381 78,381
694 694 694 694 694 694 694
2 2 2 2 2 2 2
32,114 32,114 32,114 32,114 32,114 32,114 32,114
- - - - - - -
- - - - - - -
10,172 10,172 10,172 10,172 10,172 10,172 10,172
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24,599 24,599 24,599 24,599 24,599 24,599 24,599

1,342 1,342 1,342 1,342 1,342 1,342 1,342
783 783 783 783 783 783 783
3,996 3,996 3,996 3,996 3,996 3,996 3,996
98,747 98,747 98,747 98,747 98,747 98,747 98,747
2,972 2,972 2,972 2,972 2,972 2,972 2,972
169 169 169 169 169 169 169
1,542 1,542 1,542 1,542 1,542 1,542 1,542
20,834 20,834 20,834 20,834 20,834 20,834 20,834
1 1 1 1 1 1 1
7 7 7 7 7 7 7
42 42 42 42 42 42 42
295 295 295 295 295 295 295
6,209 6,209 6,209 6,209 6,209 6,209 6,209
336,060 336,060 336,060 336,060 336,060 336,060 336,060
287,218 287,218 287,218 287,218 287,218 287,218 287,218

38,669 38,669 38,669 38,669 38,669 38,669 38,669
10,172 10,172 10,172 10,172 10,172 10,172 10,172
30,180 30,180 30,180 30,180 30,180 30,180 30,180

7,366 7,366 7,366 7,366 7,366 7,366 7,366
6,199 6,199 6,199 6,199 6,199 6,199 6,199
9,884 9,884 9,884 9,884 9,884 9,884 9,884
106 106 106 106 106 106 106
53,734 53,734 53,734 53,734 53,734 53,734 53,734
15 15 15 15 15 15 15
38 38 38 38 38 38 38
19 19 19 19 19 19 19
172 172 172 172 172 172 172
2,109 2,109 2,109 2,109 2,109 2,109 2,109
2,353 2,353 2,353 2,353 2,353 2,353 2,353
56,088 56,088 56,088 56,088 56,088 56,088 56,088
740 740 740 740 740 740 740

1,088,786 1,088,786 1,088,786 1,088,786 1,088,786 1,088,786 1,088,786
0 0 0 0 0 0 0
104,622 104,622 104,622 104,622 104,622 104,622 104,622
1,194,148 1,194,148 1,194,148 1,194,148 1,194,148 1,194,148 1,194,148
55,500 - 34,066 35,088 89,226 6,334 -

13,875 - 8,516 8,772 22,306 1,583 -
69,376 - 42,582 43,860 111,532 7,917 -
58,502 54,902 56,543 58,270 54,620 35,200 -

5,850 5,490 5,654 5,827 5,462 3,520 -
64,352 60,392 62,198 64,097 60,082 38,720 -
406,122 199,477 20,177 - - - -

55,500 - 34,066 - - - -
13,875 - 8,516 8,772 22,306 - -
58,502 54,902 56,543 58,270 54,620 - -
5,850 5,490 5,654 5,827 5,462 - -
271 - - - - - -
41,005 20,141 2,037 - - - -
581,126 280,010 126,995 72,869 82,388 - -
(381,649) (259,832) (126,995) (72,869) (82,388) - -
199,477 20,177 - - - - -
381,649 259,832 277,417 294,386 239,121 47,227 -

(64,352) (60,392) (62,198) (64,097) (60,082) (38,720) -
(69,376) - (42,582) (43,860) (111,532) (7,917) -
(271) - - - - - -
247,650 199,440 172,637 186,429 67,507 591 -
6 5 4 3 2 1 -
15,297 12,747 10,198 7,648 5,099 2,549 -
(2,549) (2,549) (2,549) (2,549) (2,549) (2,549) -
(43,340) (45,890) (48,439) (50,989) (53,538) (56,088) (56,088)
12,747 10,198 7,648 5,099 2,549 - -
6 5 4 3 2 1 -
578 481 385 289 193 96 -
(96) (96) (96) (96) (96) (96) -
(1,637) (1,733) (1,829) (1,926) (2,022) (2,118) (2,118)
481 385 289 193 96 - -
(2,646) (2,646) (2,646) (2,646) (2,646) (2,646) -
- - - - - - -
- - - - - - -
95,626 - - - - - -
- - - - - - -
(95,626) - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
34,748 - - - - - -
- - - - - - -
(34,748) - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
(0) - - - - - -
- - - - - - -
100,939 - - - - - -
- - - - - - -
(100,939) - - - - - -
- - - - - - -
135,687 - - - - - -
95,626 - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
253,053 67,257 0 (0) 15,145 15,145 0
8,737 2,322 0 (0) 523 523 -
4,429 - - - - - -
(4,429)
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
(4,429) - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2,463 2,463 2,463 2,463 2,463 2,463 2,463
- - - - - - -
2,463 2,463 2,463 2,463 2,463 2,463 2,463
13,048 13,048 13,048 13,048 13,048 13,048 13,048

- - - - - - -
13,048 13,048 13,048 13,048 13,048 13,048 13,048
- - - - - - -
- - - - - - -
- - - - - - -
1 1 1 1 1 1 -
48,136 41,576 34,472 27,185 18,985 23,230 22,746

41,576 34,472 27,185 18,985 23,230 11,796 -
(48,136) (41,576) (34,472) (27,185) (18,985) (12,280) (22,746)
41,576 34,472 27,185 18,985 23,230 22,746 -
(48,136) (41,576) (34,472) (27,185) (18,985) (12,280) (102)
46,688 45,237 27,255 23,373 30,973 484 102

45,237 27,255 23,373 30,973 484 102 -
(46,688) (45,237) (27,255) (23,373) (30,973) (484) (102)
45,237 27,255 23,373 30,973 484 102 -
(40,128) (38,132) (19,968) (15,173) (35,217) (0) 22,643

(0) (0) (0) (0)
- - - -
2041 2042 2043 2044
(0) 0 (0) 0
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
287,218 287,218 287,218 287,218
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
287,218 287,218 287,218 287,218
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
11,913 11,913 11,913 11,913
(122,614) (122,614) (122,614) (122,614)
- - - -
(14,498) (14,498) (14,498) (14,498)
6,761 6,761 6,761 6,761
13,214 13,214 13,214 13,214
- - - -
249,361 249,361 249,361 249,361
31,912 31,912 31,912 31,912
124,956 124,956 124,956 124,956
301,003 301,003 301,003 301,003
84 84 84 84
(13,869) (13,869) (13,869) (13,869)
- - - -
(13,785) (13,785) (13,785) (13,785)
287,218 287,218 287,218 287,218
(0.00230) (0.00230) (0.00230) (0.00230)
- - - -
0 (0) 0 (0)
0 (0) 0 (0)
53,159 53,159 53,159 53,159

78,381 78,381 78,381 78,381
694 694 694 694
2 2 2 2
32,114 32,114 32,114 32,114
- - - -
- - - -
10,172 10,172 10,172 10,172
- - - -
- - - -
- - - -
- - - -
- - - -
24,599 24,599 24,599 24,599

1,342 1,342 1,342 1,342
783 783 783 783
3,996 3,996 3,996 3,996
98,747 98,747 98,747 98,747
2,972 2,972 2,972 2,972
169 169 169 169
1,542 1,542 1,542 1,542
20,834 20,834 20,834 20,834
1 1 1 1
7 7 7 7
42 42 42 42
295 295 295 295
6,209 6,209 6,209 6,209
336,060 336,060 336,060 336,060
287,218 287,218 287,218 287,218

38,669 38,669 38,669 38,669
10,172 10,172 10,172 10,172
30,180 30,180 30,180 30,180

7,366 7,366 7,366 7,366
6,199 6,199 6,199 6,199
9,884 9,884 9,884 9,884
106 106 106 106
53,734 53,734 53,734 53,734
15 15 15 15
38 38 38 38
19 19 19 19
172 172 172 172
2,109 2,109 2,109 2,109
2,353 2,353 2,353 2,353
56,088 56,088 56,088 56,088
740 740 740 740

1,088,786 1,088,786 1,088,786 1,088,786
0 0 0 0
104,622 104,622 104,622 104,622
1,194,148 1,194,148 1,194,148 1,194,148
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
(56,088) (56,088) (56,088) (56,088)
- - - -
- - - -
- - - -
- - - -
(2,118) (2,118) (2,118) (2,118)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
0 0 0 0
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
2,463 2,463 2,463 2,463
- - - -
2,463 2,463 2,463 2,463
13,048 13,048 13,048 13,048

- - - -
13,048 13,048 13,048 13,048
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
x
P&G
COP M
Check (0)
2015
x P&G NIIF
Ingresos Capex + margen 953,560 -

Ingresos Opex + margen 1,067,103 -
Ingresos financieros 2,392,430 -
Participación en Concesiones 468,794 -
Rendimientos Financieros 6,427 -
Reexpresión en diferencias en cambio (878) -
tro rendimientos fnancieros 152 -
Ingresos despues de depreciado el activo financiero 575,899 -
Total ingresos 5,463,486 -
Capex (405,765) -
Mantenimiento periodico (462,867) -
Costos de ventas de servicios (694,219) -
Opex (1,008,422) -
Comisiones de deuda - -
EBITDA 2,892,213 -
D&A (58,979) -
EBIT 2,833,235 -
Gastos financieros - intereses (1,756,740) -
Otros ingresos 145,345 2,162
Otros gastos (251,370) (5)
UAI 970,470 2,157
Impuesto de Renta (339,323) -
Sobretasa Renta (141) -
CREE 5 -
Impuesto diferido (19,212) -
Sobretasa CREE (901) (901)
Utilidad neta 610,898 -
x Impuestos
x Impuesto de renta
x Base gravable COLGAP
Ingresos 6,291,718
Opex (973,302)
Comisiones (108,578)
EBITDA 5,318,416
D&A (2,033,310)
Intereses diferidos -
Mantenimientos (462,867)
EBIT 2,822,239
Gastos financieros (1,589,657)
Otros ingresos 143,183
Otros gastos (251,366)
UAI (COLGAP) 1,124,400
(-) Uso de pérdidas fiscales (573,438)
UAI despues de pérdidas fiscales 442,780
(-) Uso de exceso de presuntiva 742,376
Renta liquida 1,736,118
Pérdidas fiscales
Saldo inicial
(+) Adiciones 328,232
(-) Usos 321,331
Saldo final
Exceso de presuntiva
Saldo inicial
(+) Adiciones 60,864
(-) Usos 59,397
Saldo final
Renta presuntiva
Patrimonio liquido
Porcentaje para base gravable 3.5%
Renta presuntiva
Impuesto de renta
Renta liquida 635,094
Renta presuntiva
Tasa de renta
Impuesto de renta 331,493
Sobretasa de renta
Tasa de Sobretasa
Base mínima
Base gravable
Sobretasa
Intereses diferidos para Base Gravable COLGAP -

Activo bruto
(+) Adiciones -
Amortización del periodo
(-) Amortización acumulada
Activo neto
x
2016 2017 2018 2019 2020 2021 2022
- 378,355 51,106 60,303 17,442 -

- 23,313 26,950 48,520 38,347 42,564
- 120,571 170,079 172,848 179,809 181,099
- 468,794 - - - - -
- 6,427 - - - - -
- (878) - - - - -
- 152 - - - - -
- - - - - -
372,289 474,495 522,239 248,134 281,671 235,599 223,662
- (302,684) (40,885) (48,242) (13,954) -
- - - - - -
(328,797) (365,422) - - - - -
- (3,128) (21,193) (24,500) (44,109) (34,861) (38,694)
-
43,492 105,944 198,361 182,750 189,320 186,784 184,968
(773) (2,646) (2,646) (2,646) (2,646) (2,646)
42,719 105,944 195,716 180,104 186,674 184,138 182,322
(27,386) (49,691) (117,165) (134,849) (137,036) (125,966) (123,739)
- 5,290 6,128 6,101 5,772 7,541
- (14,209) (15,256) (15,983) (15,701) (16,172)
15,333 56,253 69,631 36,127 39,757 48,244 49,953
(7,830) (1,429) (9,887) (2,166) (2,692) (2,815)
- (141) - - - -
5
- (19,212) - - - - -
-
7,509 37,041 68,061 26,240 37,591 45,552 47,138
2017 2018 2019 2020 2021 2022
14,651 48,976 231,869 221,139 231,241 312,578

(29,487) - (13,702) (44,109) (34,861) (38,694)
(24,633) (17,065) (11,164) (8,412) (8,412) (8,187)
(39,470) 31,911 207,004 168,619 187,968 265,697
- (2,646) (60,855) (98,127) (98,127) (102,700)
- - - - - -
(39,470) 29,265 146,149 70,491 89,840 162,997
- - (81,659) (145,448) (134,378) (131,925)
- 5,290 6,128 6,101 5,772 7,541
- (14,209) (15,256) (15,983) (15,701) (16,172)
(39,470) 20,346 55,362 (84,838) (54,466) 22,441
- (16,016) (23,453) - - (13,910)
(39,470) 4,330 31,909 (84,838) (54,466) 8,530
- (0) (1,947) - - -
(39,470) 4,330 29,962 (84,838) (54,466) 8,530
- 39,470 23,453 - 84,838 139,304

39,470 - - 84,838 54,466 -
- 16,016 23,453 - - 13,910
39,470 23,453 - 84,838 139,304 125,393
- 1,947 1,947 - 6,564 14,722

1,947 - - 6,564 8,158 -
- 0 1,947 - - -
1,947 1,947 - 6,564 14,722 14,722
55,640 123,702 149,942 187,533 233,084 243,724

3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
1,947 4,330 5,248 6,564 8,158 8,530
(39,470) 4,330 29,962 (84,838) (54,466) 8,530

1,947 4,330 5,248 6,564 8,158 8,530
34% 33% 33% 33% 33% 33%
662 1,429 9,887 2,166 2,692 2,815
6% 4% 0% 0% 0% 0%
800 800 800 800 800 800
1,147 3,530 29,162 5,764 7,358 7,730
69 141 - - - -
- - - - -
- - - - -
2023 2024 2025 2026 2027 2028 2029
- - 107,574 38,236 - 24,955 25,704

41,751 43,182 44,761 46,163 49,566 50,309 54,688
172,947 169,287 164,237 168,506 164,755 147,565 137,287
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
214,698 212,469 316,572 252,905 214,322 222,830 217,679
- - - - - - -
- - (86,059) (30,589) - (19,964) (20,563)
- - - - - - -
(37,955) (39,257) (40,692) (41,966) (45,060) (45,735) (49,716)
176,743 173,212 189,821 180,350 169,261 157,130 147,400

(2,646) (2,646) (2,646) (2,646) (2,646) (2,646) (2,646)
174,097 170,567 187,175 177,704 166,616 154,484 144,754
(118,552) (113,346) (108,561) (104,542) (101,432) (96,792) (87,640)
7,990 8,914 8,247 6,365 8,691 9,876 9,122
(16,657) (17,157) (17,672) (18,202) (18,748) (19,310) (18,006)
46,877 48,977 69,190 61,326 55,126 48,258 48,230
(2,973) (3,498) (3,728) (3,902) (4,057) (3,696) (4,204)
- - - - - - -
- - - - - - -
43,904 45,479 65,462 57,424 51,070 44,562 44,025
2023 2024 2025 2026 2027 2028 2029
258,700 269,792 281,172 296,523 390,676 330,299 347,381

(37,955) (39,257) (40,692) (41,966) (45,060) (45,735) (49,716)
(7,745) (7,310) (6,884) (6,467) (6,104) (5,673) (4,975)
213,000 223,225 233,596 248,089 339,512 278,891 292,690
(102,700) (102,700) (102,700) (102,700) (102,700) (102,700) (102,700)
- - (86,059) (30,589) - (19,964) (20,563)

110,300 120,525 44,837 114,801 236,813 156,227 169,427
(126,297) (120,656) (115,445) (111,009) (107,536) (102,466) (92,615)
7,990 8,914 8,247 6,365 8,691 9,876 9,122
(16,657) (17,157) (17,672) (18,202) (18,748) (19,310) (18,006)
(24,665) (8,374) (80,032) (8,045) 119,220 44,327 67,929
- - - - (106,927) (33,128) (55,188)
(24,665) (8,374) (80,032) (8,045) 12,293 11,200 12,741
- - - - - (0) (0)
(24,665) (8,374) (80,032) (8,045) 12,293 11,200 12,741
125,393 150,058 158,432 238,464 246,509 139,582 106,454

24,665 8,374 80,032 8,045 - - -
- - - - 106,927 33,128 55,188
150,058 158,432 238,464 246,509 139,582 106,454 51,266
14,722 23,729 34,329 45,627 57,450 57,450 57,450

9,008 10,600 11,297 11,823 0 - 0
- - - - 0 - -
23,729 34,329 45,627 57,450 57,450 57,450 57,450
257,369 302,848 322,781 337,805 351,221 319,991 364,016

3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
9,008 10,600 11,297 11,823 12,293 11,200 12,741
(24,665) (8,374) (80,032) (8,045) 12,293 11,200 12,741

9,008 10,600 11,297 11,823 12,293 11,200 12,741
33% 33% 33% 33% 33% 33% 33%
2,973 3,498 3,728 3,902 4,057 3,696 4,204
0% 0% 0% 0% 0% 0% 0%
800 800 800 800 800 800 800
8,208 9,800 10,497 11,023 11,493 10,400 11,941
- - - - - - -
- - - - - - -
- - - - - - -
2030 2031 2032 2033 2034 2035 2036
- - - 106,848 69,376 - 42,582

75,357 56,467 55,846 58,199 64,352 60,392 62,198
124,694 108,365 86,593 60,604 41,005 20,141 2,037
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - 150,422
200,051 164,832 142,439 225,651 174,733 80,533 257,239
- - - - - - -
- - - (85,478) (55,500) - (34,066)
- - - - - - -
(68,507) (51,333) (50,770) (52,908) (58,502) (54,902) (56,543)
131,544 113,498 91,670 87,264 60,731 25,631 166,630

(2,646) (2,646) (2,646) (2,646) (2,646) (2,646) (2,646)
128,899 110,853 89,024 84,619 58,085 22,985 163,984
(77,219) (65,277) (51,657) (42,884) (33,291) (21,961) (13,282)
8,899 8,658 10,765 12,717 8,737 2,322 0
(16,636) (13,768) (9,073) (6,045) (2,769) - -
43,942 40,466 39,060 48,406 30,761 3,346 150,702
(4,177) (43,976) (64,182) (46,688) (45,237) (27,255) (23,373)
- - - - - - -
- - - - - - -
39,765 (3,510) (25,122) 1,718 (14,476) (23,909) 127,330
2030 2031 2032 2033 2034 2035 2036
365,817 383,438 401,750 420,734 381,649 259,832 277,417

(68,507) (51,333) (50,770) (52,908) (58,502) (54,902) (56,543)
(4,045) (2,974) (1,913) (979) (271) - -
293,265 329,131 349,067 366,847 322,876 204,931 220,873
(102,700) (102,700) (102,700) (102,700) (102,700) (102,700) (102,700)
- - - (85,478) (55,500) - (34,066)

190,566 226,431 246,368 178,670 164,676 102,231 84,108
(81,264) (68,251) (53,569) (43,863) (33,562) (21,961) (13,282)
8,899 8,658 10,765 12,717 8,737 2,322 0
(16,636) (13,768) (9,073) (6,045) (2,769) - -
101,564 153,070 194,490 141,479 137,081 82,592 70,826
(51,266) - - - - - -
50,298 153,070 194,490 141,479 137,081 82,592 70,826
(37,639) (19,811) - - - - -
12,659 133,260 194,490 141,479 137,081 82,592 70,826
51,266 - - - - - -
- - - - - - -
51,266 - - - - - -
- - - - - - -
57,450 19,811 - - - - -
- - - - - - -
37,639 19,811 - - - - -
19,811 - - - - - -
361,678 316,871 291,748 264,119 - - -

3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
12,659 11,090 10,211 9,244 - - -
12,659 133,260 194,490 141,479 137,081 82,592 70,826

12,659 11,090 10,211 9,244 - - -
33% 33% 33% 33% 33% 33% 33%
4,177 43,976 64,182 46,688 45,237 27,255 23,373
0% 0% 0% 0% 0% 0% 0%
800 800 800 800 800 800 800
11,859 132,460 193,690 140,679 136,281 81,792 70,026
- - - - - - -
- - - - - - -
- - - - - - -
2037 2038 2039 2040 2041 2042 2043
8,772 22,306 - - - - -
64,097 60,082 - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
221,517 156,733 47,227 - - - -
294,386 239,121 47,227 - - - -
- - - - - - -
(35,088) (89,226) (6,334) - - - -
- - - - - - -
(58,270) (54,620) (35,200) - - - -
201,028 95,276 5,694 - - - -

(2,646) (2,646) (2,646) - - - -
198,383 92,630 3,049 - - - -
(4,471) - - - - - -
(0) 523 523 - - - -
- - - - - - -
193,911 93,153 3,571 - - - -
(30,973) (484) (102) - - - -
- - - - - - -
- - - - - - -
162,938 92,669 3,469 - - - -
2037 2038 2039 2040 2041 2042 2043
294,386 239,121 47,227 - - - -

(58,270) (54,620) (35,200) - - - -
- - - - - - -
236,116 184,501 12,028 - - - -
(102,700) (102,700) (27,659) - - - -
(35,088) (89,226) (6,334) - - - -

98,329 (7,424) (21,965) - - - -
(4,471) - - - - - -
(0) 523 523 - - - -
- - - - - - -
93,857 (6,901) (21,442) - - - -
- - (21,442) - - - -
93,857 (6,901) (42,884) - - - -
- - - - - - -
93,857 (6,901) (42,884) - - - -
- - 6,901 6,901 6,901 6,901 6,901

- 6,901 21,442 - - - -
- - 21,442 - - - -
- 6,901 6,901 6,901 6,901 6,901 6,901
- - 1,466 1,466 1,466 1,466 1,466

- 1,466
- - - - - - -
- 1,466 1,466 1,466 1,466 1,466 1,466
- 41,897 8,858 - - - -
3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
- 1,466 310 - - - -
93,857 (6,901) (42,884) - - - -

- 1,466 310 - - - -
33% 33% 33% 0% 0% 0% 0%
30,973 484 102 - - - -
0% 0% 0% 0% 0% 0% 0%
800 800 800 800 800 800 800
93,057 666 - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2044
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2044
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,901
-
-
6,901
1,466
-
1,466
-
3.5%
-
-
-
0%
-
0%
800
-
-
-
-
x
Macroeconómicos
COP M
Check (0)
2012
x Macroeconómicos
IPC Colombia anual IPC 2.44%

Tasa de cambio pdp COP/USD 1,797
Tasa de cambio pactada LP COP/USD 2,905
Tasa de cambio pactada ANI COP/USD 1,917
Salario mínimo COP 566,700
UVR COP/UVR -
DTF EA 5.27%
Factor de inflación Goldman para VF`s en USD

Factor de inflación Goldman
Factor de inflación 2012 1.00
Factor de inflación 2018 + 1% (SMLMV)
Factor de inflación 2018
Deflactor 2018
Deflactor Dic 12 1.00
x Impuestos
Tasa de impuesto de renta % 33.00%

Sobretasa de renta % 0.00%
UAI mínima para sobretasa COP M -
GMF % 0.40%
ICA % 0.50%
IVA % 16.00%
x
2013 2014 2015 2016 2017 2018 2019
1.94% 3.66% 6.77% 5.75% 4.09% 3.40% 3.10%

1,869 2,003 2,749 3,052 2,951 2,880 2,950
2,905 2,905 2,905 2,905 2,905 2,905 2,905
1,917 1,917 1,917 1,917 1,917 1,917 1,917
589,500 616,000 644,350 689,455 737,717 781,242 813,515
- - 228.27 242.45 252.38 260.96 269.05
4.06% 4.34% 5.25% 6.81% 5.23% 4.70% 4.90%
1.04 1.04 1.04

1.00 1.04 1.12 1.16 1.20 1.24
1.02 1.06 1.13 1.19 1.24 1.28 1.32
1.00 1.04 1.11 1.17 1.22 1.26 1.30
0.98 1.00 1.07 1.13 1.18 1.22 1.25
0.94 0.96 1.00 1.06 1.10 1.14 1.17
0.88 0.90 0.93 1.00 1.04 1.08 1.11
0.83 0.85 0.88 0.94 1.00 1.03 1.07
1.00 1.04
1.00 1.03
1.00 0.97
0.98 0.95 0.89 0.84 0.81 0.78 0.76
34.00% 25.00% 25.00% 25.00% 34.00% 33.00% 33.00%

0.00% 0.00% 0.00% 0.00% 6.00% 4.00% 0.00%
- - - 800 800 800 800
0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
16.00% 16.00% 16.00% 16.00% 19.00% 19.00% 19.00%
2020 2021 2022 2023 2024 2025 2026
3.15% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

2,990 3,050 3,100 3,100 3,100 3,100 3,100
2,905 2,905 2,905 2,905 2,905 2,905 2,905
1,917 1,917 1,917 1,917 1,917 1,917 1,917
847,532 881,688 917,220 954,184 992,637 1,032,641 1,074,256
277.52 285.85 294.42 303.26 312.35 321.72 331.38
5.20% 4.90% 4.80% 4.80% 4.80% 4.80% 4.80%
1.04 1.04 1.04 1.04 1.04 1.04 1.04

1.28 1.31 1.35 1.39 1.44 1.48 1.52
1.37 1.41 1.45 1.49 1.54 1.58 1.63
1.34 1.38 1.42 1.46 1.51 1.55 1.60
1.29 1.33 1.37 1.41 1.45 1.50 1.54
1.21 1.25 1.28 1.32 1.36 1.40 1.45
1.14 1.18 1.21 1.25 1.29 1.33 1.37
1.10 1.13 1.17 1.20 1.24 1.27 1.31
1.08 1.13 1.17 1.22 1.27 1.32 1.38
1.06 1.10 1.13 1.16 1.20 1.23 1.27
0.94 0.91 0.89 0.86 0.84 0.81 0.79
0.73 0.71 0.69 0.67 0.65 0.63 0.61
33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
800 800 800 800 800 800 800
0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00%
2027 2028 2029 2030 2031 2032 2033
3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

3,100 3,100 3,100 3,100 3,100 3,100 3,100
2,905 2,905 2,905 2,905 2,905 2,905 2,905
1,917 1,917 1,917 1,917 1,917 1,917 1,917
1,117,549 1,162,586 1,209,438 1,258,178 1,308,883 1,361,631 1,416,505
341.32 351.56 362.10 372.97 384.16 395.68 407.55
4.80% 4.80% 4.80% 4.80% 4.80% 4.80% 4.80%
1.04 1.04 1.04 1.04 1.04 1.04 1.04

1.57 1.62 1.67 1.72 1.77 1.82 1.87
1.68 1.73 1.78 1.84 1.89 1.95 2.01
1.65 1.70 1.75 1.80 1.85 1.91 1.97
1.59 1.64 1.69 1.74 1.79 1.84 1.90
1.49 1.53 1.58 1.63 1.68 1.73 1.78
1.41 1.45 1.49 1.54 1.58 1.63 1.68
1.35 1.39 1.43 1.48 1.52 1.57 1.61
1.43 1.49 1.55 1.61 1.68 1.74 1.81
1.31 1.35 1.39 1.43 1.47 1.52 1.56
0.76 0.74 0.72 0.70 0.68 0.66 0.64
0.60 0.58 0.56 0.54 0.53 0.51 0.50
33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
800 800 800 800 800 800 800
0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00%
2034 2035 2036 2037 2038 2039 2040
3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

3,100 3,100 3,100 3,100 3,100 3,100 3,100
2,905 2,905 2,905 2,905 2,905 2,905 2,905
1,917 1,917 1,917 1,917 1,917 1,917 1,917
1,473,590 1,532,975 1,594,754 1,659,023 1,725,882 1,795,435 1,867,791
419.78 432.37 445.34 458.70 472.46 486.64 501.24
4.80% 4.80% 4.80% 4.80% 4.80% 4.80% 4.80%
1.04 1.04 1.04 1.04 1.04 1.04 1.04

1.93 1.99 2.05 2.11 2.17 2.24 2.31
2.07 2.13 2.19 2.26 2.32 2.39 2.47
2.03 2.09 2.15 2.21 2.28 2.35 2.42
1.95 2.01 2.07 2.14 2.20 2.27 2.33
1.83 1.89 1.94 2.00 2.06 2.12 2.19
1.73 1.78 1.84 1.89 1.95 2.01 2.07
1.66 1.71 1.76 1.82 1.87 1.93 1.99
1.89 1.96 2.04 2.12 2.21 2.30 2.39
1.61 1.66 1.71 1.76 1.81 1.86 1.92
0.62 0.60 0.59 0.57 0.55 0.54 0.52
0.48 0.47 0.46 0.44 0.43 0.42 0.41
33.00% 33.00% 33.00% 33.00% 33.00% 33.00% 33.00%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
800 800 800 800 800 800 800
0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
0.50% 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%
19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00%
2041 2042 2043 2044
3.00% 3.00% 3.00% 3.00%

3,100 3,100 3,100 3,100
2,905 2,905 2,905 2,905
1,917 1,917 1,917 1,917
1,943,063 2,021,368 2,102,829 2,187,573
516.27 531.76 547.71 564.15
4.80% 4.80% 4.80% 4.80%
1.04 1.04 1.04 1.04

2.31 2.31 2.31 2.31
2.54 2.62 2.70 2.78
2.49 2.57 2.64 2.72
2.40 2.48 2.55 2.63
2.25 2.32 2.39 2.46
2.13 2.19 2.26 2.33
2.05 2.11 2.17 2.24
2.49 2.59 2.69 2.80
1.98 2.04 2.10 2.16
0.51 0.49 0.48 0.46
0.39 0.38 0.37 0.36
33.00% 33.00% 33.00% 33.00%

0.00% 0.00% 0.00% 0.00%
800 800 800 800
0.40% 0.40% 0.40% 0.40%
0.50% 0.50% 0.50% 0.50%
19.00% 19.00% 19.00% 19.00%
x
Balance General
COP M
Check (0)
x Activo Intangible para Base Gravable
x Resumen
Activo inicial 1,339,789
(+) Adiciones Capex 372,642
(+) Adiciones Subcuentas 32,097
(+) Adiciones Opex 31,991
(+) Adiciones No Operacionales 198,585
Depreciación del periodo 1,975,104
(-) Depreciación acumulada 1,975,104
Activo final
x Insumos Activo intangible
Activo Intangible para Base Gravable 12/31/2017

Total 1,339,789
Plazos para inicio de operación por UF Fecha

UF 1 Jul-19
UF 2 Nov-18
UF 3 Jan-21
UF 4 Apr-18
UF 5 Nov-18
UF 6 Jul-19
Asignación por UF
Unidad Funcional 1 % 13.06% 15%
Total % 100%
Peajes por UF
Unidad Funcional 1 COP M 388,723
Total COP M 3,303,451
Vigencias por UF
Capex
Total COP M 942,059
Subcuentas
Unidad Funcional 3 COP M -
Total COP M 372,208
Opex
Total COP M 193,228
Costos Financieros por UF Fecha

Total COP M 336,208
Interes Financiación 1,419,884

Intereses Accionistas 505,980
Total Costos Financieros 1,925,865
Costos Financieros P&G Fiscal 1,589,657
x Activo Intangible para Base Gravable por Unidad Funcional
231
x UF1 Jul-19
Activo inicial 190,436
Depreciación del periodo 254,112
(-) Depreciación acumulada 254,112
Activo final 254,112
243
x UF2 Nov-18
207
x UF3 Jan-21
(+) Adiciones Subcuentas -
(+) Adiciones Opex -
(+) Adiciones No Operacionales -
Activo final 78,870
243
x UF4 Apr-18
(+) Adiciones Capex 746
243
x UF5 Nov-18
231
x UF6 Jul-19
x
2014 2015 2016 2017 2018 2019 2020
1,339,789 1,797,897 1,855,428

270,822 40,354 47,513
31,863 234 -
21,193 10,798 -
134,231 64,354 -
- 58,209 95,482
- 58,209 153,691
1,339,789 1,797,897 1,855,428 1,807,459
1 1 1 1 1 1 -
1 1 1 1 1 - -
1 1 1 1 1 1 1
1 1 1 1 1 - -
1 1 1 1 1 - -
1 1 1 1 1 1 -
- - - - - - 11,138
- - - - - - 20,467
- - - - - - -
- - - - - - 8,044
- - - - 880 5,344 15,046
- - - - 1,382 8,393 23,631
- - - - 2,262 13,737 78,326
63 1,351 8,443 38,295 6,880 4,766 -

63 25,605 101,607 218,658 83,087 - -
63 1,351 309 - 578 - 47,513
63 1,351 14,328 49,036 746 - -
63 1,351 24,232 48,177 53,508 - -
50 1,086 3,393 30,478 126,023 35,588 -
364 32,096 152,312 384,644 270,822 40,354 47,513
7,642 19,777 15,891 6,075 4,627 77 -

14,165 36,658 29,456 11,260 8,576 - -
- - - - - - -
5,438 14,072 11,308 4,323 3,292 - -
9,831 25,441 20,443 7,815 5,952 - -
15,554 40,253 32,345 12,364 9,417 157 -
52,629 136,202 109,444 41,837 31,863 234 -
1,297 3,891 13,943 4,282 3,077 3,557 -

2,404 7,212 25,844 7,936 5,704 - -
- - - - - - -
923 2,769 9,921 3,047 2,190 - -
1,669 5,005 17,936 5,508 3,959 - -
2,640 7,919 28,378 8,715 6,263 7,241 -
8,932 26,796 96,021 29,487 21,193 10,798 -
- - 3,642 16,342 19,491 21,201 -

- - 6,750 30,291 36,127 - -
- - - - - - -
- - 2,591 11,628 13,869 - -
- - 4,685 21,022 25,073 - -
- - 7,412 33,261 39,671 43,153 -
- - 25,080 112,544 134,231 64,354 -
- - 25,080 91,923 111,719 119,325 117,600

- - - 20,620 22,511 26,688 27,848
- - 25,080 112,544 134,231 146,012 145,448
- - - - - 81,659 145,448
- - - 12
- - - 1
190,436 224,511 254,112
6,880 4,766 -
4,627 77 -
3,077 3,557 -
19,491 21,201 -
- - 13,201
- - 13,201
190,436 224,511 254,112 240,912
- - 12 12
- - 1 2
549,835 683,328 649,584
83,087 - -
8,576 - -
5,704 - -
36,127 - -
- 33,745 33,745
- 33,745 67,489
549,835 683,328 649,584 615,839
- - - -
- - - -
16,826 17,404 17,404
578 - 47,513
- - -
- - -
- - -
- - -
- - -
16,826 17,404 17,404 64,917
- - 12 12
- - 1 2
127,643 147,739 140,444
746 - -
3,292 - -
2,190 - -
13,869 - -
- 7,296 7,296
- 7,296 14,592
127,643 147,739 140,444 133,148
- - 12 12
- - 1 2
259,178 347,669 330,500
53,508 - -
5,952 - -
3,959 - -
25,073 - -
- 17,169 17,169
- 17,169 34,338
259,178 347,669 330,500 313,332
- - - 12
- - - 1
195,872 377,246 463,384
126,023 35,588 -
9,417 157 -
6,263 7,241 -
39,671 43,153 -
- - 24,072
- - 24,072
195,872 377,246 463,384 439,312
2021 2022 2023 2024 2025 2026 2027
1,807,459 1,725,931 1,625,877 1,525,823 1,425,769 1,325,715 1,225,661

13,954 - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
95,482 100,054 100,054 100,054 100,054 100,054 100,054
249,173 349,227 449,281 549,335 649,389 749,443 849,497
1,725,931 1,625,877 1,525,823 1,425,769 1,325,715 1,225,661 1,125,607
- - - - - - -
- - - - - - -
1 - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
8,638 10,889 11,782 12,730 13,701 15,130 16,650
15,864 19,999 21,638 23,380 25,163 27,788 30,579
24,417 15,656 16,940 18,303 19,699 21,754 23,939
6,230 7,856 8,500 9,184 9,884 10,915 12,012
11,651 14,706 15,912 17,192 18,504 20,434 22,486
18,306 23,097 24,991 27,001 29,061 32,092 35,316
85,106 92,203 99,762 107,789 116,013 128,113 140,981
- - - - - - -
- - - - - - -
13,954 - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
13,954 - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
107,690 105,624 99,996 94,356 89,144 84,708 81,235

26,688 26,301 26,301 26,301 26,301 26,301 26,301
134,378 131,925 126,297 120,656 115,445 111,009 107,536
134,378 131,925 126,297 120,656 115,445 111,009 107,536
12 12 12 12 12 12 12
2 3 4 5 6 7 8
240,912 227,711 214,511 201,310 188,109 174,909 161,708
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
13,201 13,201 13,201 13,201 13,201 13,201 13,201
26,401 39,602 52,803 66,003 79,204 92,405 105,605
227,711 214,511 201,310 188,109 174,909 161,708 148,507
12 12 12 12 12 12 12
3 4 5 6 7 8 9
615,839 582,095 548,350 514,605 480,861 447,116 413,372
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
33,745 33,745 33,745 33,745 33,745 33,745 33,745
101,234 134,978 168,723 202,468 236,212 269,957 303,702
582,095 548,350 514,605 480,861 447,116 413,372 379,627
- 12 12 12 12 12 12
- 1 2 3 4 5 6
64,917 78,870 74,298 69,726 65,154 60,582 56,009
13,954 - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 4,572 4,572 4,572 4,572 4,572 4,572
- 4,572 9,144 13,717 18,289 22,861 27,433
78,870 74,298 69,726 65,154 60,582 56,009 51,437
12 12 12 12 12 12 12
3 4 5 6 7 8 9
133,148 125,852 118,556 111,261 103,965 96,669 89,373
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
7,296 7,296 7,296 7,296 7,296 7,296 7,296
21,887 29,183 36,479 43,775 51,070 58,366 65,662
125,852 118,556 111,261 103,965 96,669 89,373 82,077
12 12 12 12 12 12 12
3 4 5 6 7 8 9
313,332 296,163 278,994 261,825 244,656 227,487 210,318
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
17,169 17,169 17,169 17,169 17,169 17,169 17,169
51,507 68,675 85,844 103,013 120,182 137,351 154,520
296,163 278,994 261,825 244,656 227,487 210,318 193,150
12 12 12 12 12 12 12
2 3 4 5 6 7 8
439,312 415,240 391,168 367,096 343,024 318,953 294,881
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24,072 24,072 24,072 24,072 24,072 24,072 24,072
48,144 72,216 96,288 120,359 144,431 168,503 192,575
415,240 391,168 367,096 343,024 318,953 294,881 270,809
2028 2029 2030 2031 2032 2033 2034
1,125,607 1,025,553 925,499 825,445 725,391 625,337 525,283

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
100,054 100,054 100,054 100,054 100,054 100,054 100,054
949,551 1,049,605 1,149,659 1,249,713 1,349,767 1,449,821 1,549,875
1,025,553 925,499 825,445 725,391 625,337 525,283 425,229
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
18,316 19,914 21,659 23,295 24,999 26,769 28,689
33,639 36,574 39,779 42,783 45,913 49,164 52,689
26,335 28,632 31,141 33,493 35,943 38,488 41,247
13,214 14,367 15,625 16,806 18,035 19,312 20,697
24,737 26,895 29,252 31,461 33,763 36,153 38,745
38,851 42,240 45,941 49,411 53,026 56,780 60,851
155,092 168,621 183,398 197,250 211,679 226,666 242,918
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
76,165 66,314 54,964 41,950 27,268 17,562 7,261

26,301 26,301 26,301 26,301 26,301 26,301 26,301
102,466 92,615 81,264 68,251 53,569 43,863 33,562
102,466 92,615 81,264 68,251 53,569 43,863 33,562
12 12 12 12 12 12 12
9 10 11 12 13 14 15
148,507 135,307 122,106 108,905 95,705 82,504 69,303
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
13,201 13,201 13,201 13,201 13,201 13,201 13,201
118,806 132,006 145,207 158,408 171,608 184,809 198,010
135,307 122,106 108,905 95,705 82,504 69,303 56,103
12 12 12 12 12 12 12
10 11 12 13 14 15 16
379,627 345,882 312,138 278,393 244,648 210,904 177,159
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
33,745 33,745 33,745 33,745 33,745 33,745 33,745
337,446 371,191 404,935 438,680 472,425 506,169 539,914
345,882 312,138 278,393 244,648 210,904 177,159 143,415
12 12 12 12 12 12 12
7 8 9 10 11 12 13
51,437 46,865 42,293 37,721 33,148 28,576 24,004
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4,572 4,572 4,572 4,572 4,572 4,572 4,572
32,005 36,578 41,150 45,722 50,294 54,866 59,439
46,865 42,293 37,721 33,148 28,576 24,004 19,432
12 12 12 12 12 12 12
10 11 12 13 14 15 16
82,077 74,782 67,486 60,190 52,894 45,599 38,303
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
7,296 7,296 7,296 7,296 7,296 7,296 7,296
72,958 80,254 87,549 94,845 102,141 109,437 116,732
74,782 67,486 60,190 52,894 45,599 38,303 31,007
12 12 12 12 12 12 12
10 11 12 13 14 15 16
193,150 175,981 158,812 141,643 124,474 107,305 90,136
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
17,169 17,169 17,169 17,169 17,169 17,169 17,169
171,689 188,857 206,026 223,195 240,364 257,533 274,702
175,981 158,812 141,643 124,474 107,305 90,136 72,968
12 12 12 12 12 12 12
9 10 11 12 13 14 15
270,809 246,737 222,665 198,593 174,521 150,449 126,377
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24,072 24,072 24,072 24,072 24,072 24,072 24,072
216,647 240,719 264,791 288,863 312,935 337,006 361,078
246,737 222,665 198,593 174,521 150,449 126,377 102,306
2035 2036 2037 2038 2039 2040 2041
425,229 325,175 225,121 125,067 25,013 0 0

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
100,054 100,054 100,054 100,054 25,013 - -
1,649,928 1,749,982 1,850,036 1,950,090 1,975,104 1,975,104 1,975,104
325,175 225,121 125,067 25,013 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
30,686 32,763 34,767 26,206 - - -
56,358 60,172 63,852 48,130 - - -
44,120 47,105 49,987 37,679 - - -
22,138 23,636 25,082 18,906 - - -
41,443 44,248 46,955 35,393 - - -
65,088 69,493 73,744 55,586 - - -
259,832 277,417 294,386 221,900 - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 0 - - - - - -
21,961 13,282 4,471 - - - -
21,961 13,282 4,471 - - - -
21,961 13,282 4,471 - - - -
12 12 12 12 3 - -
16 17 18 19 20 - -
56,103 42,902 29,701 16,501 3,300 (0) (0)
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
13,201 13,201 13,201 13,201 3,300 - -
211,210 224,411 237,612 250,812 254,112 254,112 254,112
42,902 29,701 16,501 3,300 (0) (0) (0)
12 12 12 12 3 - -
17 18 19 20 21 - -
143,415 109,670 75,925 42,181 8,436 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
33,745 33,745 33,745 33,745 8,436 - -
573,658 607,403 641,148 674,892 683,328 683,328 683,328
109,670 75,925 42,181 8,436 0 0 0
12 12 12 12 3 - -
14 15 16 17 18 - -
19,432 14,860 10,287 5,715 1,143 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4,572 4,572 4,572 4,572 1,143 - -
64,011 68,583 73,155 77,727 78,870 78,870 78,870
14,860 10,287 5,715 1,143 0 0 0
12 12 12 12 3 - -
17 18 19 20 21 - -
31,007 23,711 16,415 9,120 1,824 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
7,296 7,296 7,296 7,296 1,824 - -
124,028 131,324 138,620 145,916 147,739 147,739 147,739
23,711 16,415 9,120 1,824 0 0 0
12 12 12 12 3 - -
17 18 19 20 21 - -
72,968 55,799 38,630 21,461 4,292 (0) (0)
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
17,169 17,169 17,169 17,169 4,292 - -
291,870 309,039 326,208 343,377 347,669 347,669 347,669
55,799 38,630 21,461 4,292 (0) (0) (0)
12 12 12 12 3 - -
16 17 18 19 20 - -
102,306 78,234 54,162 30,090 6,018 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24,072 24,072 24,072 24,072 6,018 - -
385,150 409,222 433,294 457,366 463,384 463,384 463,384
78,234 54,162 30,090 6,018 0 0 0
2042 2043 2044
0 0 0
- - -
- - -
- - -
- - -
- - -
1,975,104 1,975,104 1,975,104
0 0 0
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
(0) (0) (0)
- - -
- - -
- - -
- - -
- - -
254,112 254,112 254,112
(0) (0) (0)
- - -
- - -
0 0 0
- - -
- - -
- - -
- - -
- - -
683,328 683,328 683,328
0 0 0
- - -
- - -
0 0 0
- - -
- - -
- - -
- - -
- - -
78,870 78,870 78,870
0 0 0
- - -
- - -
0 0 0
- - -
- - -
- - -
- - -
- - -
147,739 147,739 147,739
0 0 0
- - -
- - -
(0) (0) (0)
- - -
- - -
- - -
- - -
- - -
347,669 347,669 347,669
(0) (0) (0)
- - -
- - -
0 0 0
- - -
- - -
- - -
- - -
- - -
463,384 463,384 463,384
0 0 0
x
Ingresos
COP M
Check (0) Días de año 366 365

Año 2012 2013
x Resumen Ingresos de Caja
VPIP
Ingresos para VPIP (corrientes) - -
Ingresos para VPIP (constantes dic -12) -
Ingreso para VPIP - -
Tasa de descuento EA 6.79% 1.0 0.9

Deflactor de tasa de descuento 1.0 1.0
Factor inflacionario de tasa de descuento para DR`s 1.0 1.0
DR`s para VPIP - -
Ingreso VPIP (COP M) 640,561

Acumulado VPIP antes de DR`S - -
Acumulado VPIP - -
% Para VPIP 100%
Fecha de obtención 2038 Sep-38 Dec-99
Años antes de VPIP 24
Porcentaje de ingresos despues de VPIP 19%

Contador de ingresos de peajes despues de VPIP
Ingresos por peajes despues de VPIP
Fecha de fin de concesión Sep-39
Ingresos corrientes
Peajes antes de VPIP 3,304,059 - -
Peajes después de VPIP 64,449 - -
Vigencias futuras 2,795,512 - -
Diferencias de Recaudo 142,349 - -
Total ingresos 6,306,368 - -
-
Porcentaje de Ingresos
x Ingresos por peajes
x Tarifas
Tarifas usuario con FSV (COP)

Papiros Dec-12
Cat 1 4,500 4,500 4,500
Cat 2 5,300 5,300 5,300
Cat 3 11,100 11,100 11,100
Cat 4 19,500 19,500 19,500
Cat 5 62,100 62,100 62,100
Cat 6 83,100 83,100 83,100
Cat 7 92,300 92,300 92,300
Puerto Colombia Dec-12

Cat 1 9,800 9,800 9,800
Cat 2 14,700 14,700 14,700
Cat 3 10,700 10,700 10,700
Cat 4 18,700 18,700 18,700
Cat 5 58,400 58,400 58,400
Cat 6 77,800 77,800 77,800
Cat 7 86,400 86,400 86,400
Marahuaco Dec-12
Cat 1 10,500 10,500 10,700
Cat 2 15,800 15,800 16,100
Cat 3 11,500 11,500 11,700
Cat 4 20,000 20,000 20,400
Cat 5 62,500 62,500 63,700
Cat 6 83,400 83,400 85,000
Cat 7 92,600 92,600 94,400
Circunvalar de la Prosperidad Dec-12

Cat 1 9,800 9,800 9,800
Cat 2 14,700 14,700 14,700
Cat 3 10,700 10,700 10,700
Cat 4 18,700 18,700 18,700
Cat 5 58,400 58,400 58,400
Cat 6 77,800 77,800 77,800
Cat 7 86,400 86,400 86,400
Fondo de Seguridad Vial (COP) Dec-12

Cat 1 246 246 251
Cat 2 246 246 251
Cat 3 246 246 251
Cat 4 246 246 251
Cat 5 246 246 251
Cat 6 246 246 251
Cat 7 246 246 251
Tarifa concesión
Papiros Dec-12
Cat 1 4,500 4,254 4,249
Cat 2 5,300 5,054 5,049
Cat 3 11,100 10,854 10,849
Cat 4 19,500 19,254 19,249
Cat 5 62,100 61,854 61,849
Cat 6 83,100 82,854 82,849
Cat 7 92,300 92,054 92,049
Puerto Colombia Dec-12

Cat 1 9,800 9,554 9,549
Cat 2 14,700 14,454 14,449
Cat 3 10,700 10,454 10,449
Cat 4 18,700 18,454 18,449
Cat 5 58,400 58,154 58,149
Cat 6 77,800 77,554 77,549
Cat 7 86,400 86,154 86,149
Marahuaco Dec-12
Cat 1 10,500 10,254 10,449
Cat 2 15,800 15,554 15,849
Cat 3 11,500 11,254 11,449
Cat 4 20,000 19,754 20,149
Cat 5 62,500 62,254 63,449
Cat 6 83,400 83,154 84,749
Cat 7 92,600 92,354 94,149
Circunvalar de la Prosperidad Dec-12

Cat 1 9,800 9,554 9,549
Cat 2 14,700 14,454 14,449
Cat 3 10,700 10,454 10,449
Cat 4 18,700 18,454 18,449
Cat 5 58,400 58,154 58,149
Cat 6 77,800 77,554 77,549
Cat 7 86,400 86,154 86,149
x TPD CAGR 17-39 4.5%
Papiros CAGR 17-39 6.4%

Cat 1
Cat 2
Cat 3
Cat 4
Cat 5
Cat 6
Cat 7
Puerto Colombia CAGR 17-39 3.9%

Cat 1
Cat 2
Cat 3
Cat 4
Cat 5
Cat 6
Cat 7
Marahuaco CAGR 17-39 3.6%

Cat 1
Cat 2
Cat 3
Cat 4
Cat 5
Cat 6
Cat 7
Circunvalar de la Prosperidad CAGR 17-39 6.1%

Cat 1
Cat 2
Cat 3
Cat 4
Cat 5
Cat 6
Cat 7
x Ingresos de Peajes (COP M)
Papiros
Cat 1 257,662 - -
Cat 2 17,053 - -
Cat 3 8,284 - -
Cat 4 17,244 - -
Cat 5 165,613 - -
Cat 6 46,406 - -
Cat 7 60,586 - -
Total 572,848 - -
Puerto Colombia
Cat 1 1,678,353 - -
Cat 2 148,637 - -
Cat 3 58,828 - -
Cat 4 13,625 - -
Cat 5 131,487 - -
Cat 6 55,040 - -
Cat 7 184,424 - -
Total 2,270,394 - -
Marahuaco
Cat 1 1,216,916 - -
Cat 2 99,503 - -
Cat 3 52,169 - -
Cat 4 18,945 - -
Cat 5 21,578 - -
Cat 6 3,215 - -
Cat 7 9,643 - -
Total 1,421,970 - -
Circunvalar de la Prosperidad
Cat 1 529,256 - -
Cat 2 148,427 - -
Cat 3 246,818 - -
Cat 4 82,228 - -
Cat 5 108,007 - -
Cat 6 128,692 - -
Cat 7 218,939 - -
Total 1,462,367 - -
Ingresos Totales 5,727,578 - -
Porcentaje de asignación de peajes para retribución por UF

UF 1 0.00% 0.00%
UF 2 0.00% 0.00%
UF 3 0.00% 0.00%
UF 4 0.00% 0.00%
UF 5 0.00% 0.00%
UF 6 0.00% 0.00%
Total 0.00% 0.00%
Retención de Recaudo
UF 1 Sep-17 100% 100%
UF 2 Oct-18 100% 100%
UF 3 Jan-21 100% 100%
UF 4 Aug-18 100% 100%
UF 5 Oct-18 100% 100%
UF 6 Sep-19 100% 100%
Cronograma de inicio de operación de UF`s

UF 1 Jul-19
UF 2 Nov-18
UF 3 Jan-21
UF 4 Apr-18
UF 5 Fecha de inicio de ingresos peajes Oct-18
UF 6 Oct-18
Liberación de peajes de UF 3 Jan-20 0.00% 0.00%

Liberación de peajes de UF 5-6 Oct-18 0.00% 0.00%
Recaudo Total
UF 1 669,690 - -
UF 2 1,229,949 - -
UF 3 958,840 - -
UF 4 483,136 - -
UF 5 910,662 - -
UF 6 1,430,234 - -
Total 5,682,512 - -
Recaudo Papiros
UF 1 67,696 - -
UF 2 124,330 - -
UF 3 96,969 - -
UF 4 48,838 - -
UF 5 91,426 - -
UF 6 143,588 - -
Total 572,848 - -
Recaudo Puerto colombia

UF 1 268,340 - -
UF 2 492,833 - -
UF 3 384,060 - -
UF 4 193,590 - -
UF 5 362,402 - -
UF 6 569,168 - -
Total 2,270,394 - -
Recaudo Marahuaco
UF 1 168,074 - -
UF 2 308,685 - -
UF 3 240,470 - -
UF 4 121,255 - -
UF 5 226,990 - -
UF 6 356,497 - -
Total 1,421,970 - -
Recaudo Circunvalar de la Prosperidad

UF 1 165,579 - -
UF 2 304,101 - -
UF 3 237,342 - -
UF 4 119,454 - -
UF 5 229,844 - -
UF 6 360,981 - -
Total 1,417,301 - -
x Retención peajes (COP M)
Ingreso Retenido - Total

Saldo inicial 608 - -
Adiciones 608 - -
Liberaciones (608) - -
Saldo Final - - -
Ingreso Retenido - UF1

Saldo inicial - -
Adiciones Papiros - - -
Adiciones Puerto Colombia - - -
Adiciones Marahuaco - - -
Adiciones Circunvalar - - -
Liberaciones Papiros - - -
Liberaciones Puerto Colombia - - -
Liberaciones Marahuaco - - -
Liberaciones Circunvalar - - -
Saldo Final - -

Saldo inicial - -
Saldo Final - -

Saldo inicial - -
Saldo Final - -

Saldo inicial - -
Saldo Final - -

Saldo inicial - -
Saldo Final - -

Saldo inicial - -
Adiciones Circunvalar 608 - -
Liberaciones Circunvalar (608) - -
Saldo Final - -
x Ingresos por VF`s
Vigencias futuras (COP corrientes)

Vigencias futuras (USD)

Total COP M 886,161
Vigencias futuras total

Total Vigencias Futuras COP M 2,795,512
Porcentaje de Asignación de VF para retribución por UF

UF 1 0.00% 0.00%
UF 2 0.00% 0.00%
UF 3 0.00% 0.00%
UF 4 0.00% 0.00%
UF 5 0.00% 0.00%
UF 6 0.00% 0.00%
Total 0.00% 0.00%
Vigencia en diciembre
x Ingresos por DR`s
x Diferencias de Recaudo
Mes de recepción de DR`s 10

VPIP 8 131,622
VPIP 13 315,909
VPIP 18 470,579
VPIP 640,561
Años
Diferencias de recaudo VPIP 8 2022 23,840 - -
Diferencias de recaudo VPIP 13 2027 17,919 - -
Diferencias de recaudo VPIP 18 2032 - - -
Total DR`s para VPIP 41,758 - -
Total DR`s corrientes 142,349 - -
x Ingresos para Base Gravable
Peajes antes de VPIP - -

Peajes después de VPIP - -
Diferencias de Recaudo - -
Vigencias despues de contrucción - -
Vigencias diferidas - -
Total ingresos para Base Gravable - -
Vigencias durante construcción 18

Activo bruto 567,838 - -
(+) Adiciones 567,838 - -
Amortización del periodo - -
(-) Amortización acumulada -
Activo neto - -
x
Distirbución Ingreso
Papiros 572,848 10.00%

Puerto Colombia 2,270,394 39.64%
Marahuaco 1,421,970 24.83%
Circunvalar 1,462,367 25.53%
5,727,578 100%
Papiros 12,329 9.62%

Puerto Colombia 54,152 42.27%
Marahuaco 35,130 27.42%
Circunvalar 26,501 20.69%
128,113 100%
365 365 366 365 365 365 366
2014 2015 2016 2017 2018 2019 2020
- - - - 2,262 13,737 78,326

- - - - 1,791 10,537 58,262
- - - - 1,249 6,880 35,624
0.9 0.8 0.8 0.7 0.7 0.6 0.6

0.9 0.8 0.8 0.7 0.7 0.7 0.6
1.1 1.2 1.3 1.3 1.4 1.5 1.6
- - - - - - -
- - - - 1,249 8,129 43,753

- - - - 1,249 8,129 43,753
100% 100% 100% 100% 100% 100% 100%
Dec-99 Dec-99 Dec-99 Dec-99 Dec-99 Dec-99 Dec-99
0% 0% 0%
- - - - 2,262 14,345 78,326

- - - - - - -
- - - 14,651 46,715 217,524 142,813
- - - - - - -
- - - 14,651 48,976 231,869 221,139
0% 100% 100% 100%

4,600 4,800 5,100 5,400 5,600 5,800 6,000
5,400 5,600 6,000 6,300 6,600 6,800 7,000
11,300 11,700 12,500 13,300 13,800 14,300 14,700
19,900 20,600 22,000 23,300 24,200 25,000 25,800
63,300 65,600 70,100 74,100 77,100 79,700 82,200
84,700 87,800 93,800 99,200 103,200 106,700 110,000
94,100 97,500 104,100 110,100 114,600 118,500 122,200
10,000 10,400 11,100 11,700 12,200 12,600 13,000

15,000 15,600 16,600 17,500 18,300 18,900 19,500
10,900 11,300 12,100 12,800 13,300 13,700 14,200
19,100 19,800 21,100 22,300 23,200 24,000 24,800
59,500 61,700 65,900 69,700 72,500 75,000 77,300
79,300 82,200 87,800 92,800 96,600 99,900 103,000
88,100 91,300 97,500 103,100 107,300 111,000 114,400
11,100 11,800 12,500 13,000 13,500 13,900 14,300

16,700 17,800 18,800 19,600 20,300 20,900 21,600
12,200 13,000 13,700 14,300 14,800 15,200 15,700
21,100 22,600 23,900 24,800 25,700 26,500 27,300
66,000 70,500 74,600 77,600 80,300 82,700 85,300
88,100 94,100 99,500 103,600 107,100 110,400 113,900
97,800 104,500 110,500 115,000 118,900 122,600 126,500
10,000 10,400 11,100 11,700 12,600 12,600 13,000

15,000 15,600 16,600 17,500 18,900 18,900 19,500
10,900 11,300 12,100 12,800 13,700 13,700 14,200
19,100 19,800 21,100 22,300 24,000 24,000 24,800
59,500 61,700 65,900 69,700 75,000 75,000 77,300
79,300 82,200 87,800 92,800 99,900 99,900 103,000
88,100 91,300 97,500 103,100 110,900 111,000 114,400
260 278 293 305 316 326 336

260 278 293 305 316 326 336
260 278 293 305 316 326 336
260 278 293 305 316 326 336
260 278 293 305 316 326 336
260 278 293 305 316 326 336
260 278 293 305 316 326 336
4,340 4,522 4,807 5,095 5,284 5,474 5,664

5,140 5,322 5,707 5,995 6,284 6,474 6,664
11,040 11,422 12,207 12,995 13,484 13,974 14,364
19,640 20,322 21,707 22,995 23,884 24,674 25,464
63,040 65,322 69,807 73,795 76,784 79,374 81,864
84,440 87,522 93,507 98,895 102,884 106,374 109,664
93,840 97,222 103,807 109,795 114,284 118,174 121,864
9,740 10,122 10,807 11,395 11,884 12,274 12,664

14,740 15,322 16,307 17,195 17,984 18,574 19,164
10,640 11,022 11,807 12,495 12,984 13,374 13,864
18,840 19,522 20,807 21,995 22,884 23,674 24,464
59,240 61,422 65,607 69,395 72,184 74,674 76,964
79,040 81,922 87,507 92,495 96,284 99,574 102,664
87,840 91,022 97,207 102,795 106,984 110,674 114,064
10,840 11,522 12,207 12,695 13,184 13,574 13,964

16,440 17,522 18,507 19,295 19,984 20,574 21,264
11,940 12,722 13,407 13,995 14,484 14,874 15,364
20,840 22,322 23,607 24,495 25,384 26,174 26,964
65,740 70,222 74,307 77,295 79,984 82,374 84,964
87,840 93,822 99,207 103,295 106,784 110,074 113,564
97,540 104,222 110,207 114,695 118,584 122,274 126,164
9,740 10,122 10,807 11,395 12,284 12,274 12,664

14,740 15,322 16,307 17,195 18,584 18,574 19,164
10,640 11,022 11,807 12,495 13,384 13,374 13,864
18,840 19,522 20,807 21,995 23,684 23,674 24,464
59,240 61,422 65,607 69,395 74,684 74,674 76,964
79,040 81,922 87,507 92,495 99,584 99,574 102,664
87,840 91,022 97,207 102,795 110,584 110,674 114,064
989 950 1,029 1,621 1,706 1,791

127 123 125 134 136 139
19 20 23 29 29 30
45 37 22 34 35 36
10 43 24 47 52 56
4 3 3 10 11 12
20 12 14 12 13 14
1,213 1,188 1,239 1,885 1,981 2,077
4,907 4,983 4,921 5,025 5,289 5,552

368 396 425 409 417 426
226 225 199 212 218 225
28 31 33 28 29 30
9 13 31 40 44 48
17 18 15 13 14 15
36 49 55 38 42 45
5,765
3,441 3,540 3,505 3,697 3,700 3,703

209 216 248 248 253 258
185 179 157 173 177 180
45 36 33 36 37 37
2 5 6 6 7 7
3 3 1 1 1 1
3 2 3 2 2 2
4,163
675 695 716 738 631 524

230 237 244 251 267 283
688 708 730 752 775 798
130 134 138 142 146 151
29 30 31 32 35 39
26 27 28 28 31 35
40 41 42 44 48 53
- - - - - - 3,712
- - - - - - 339
- - - - - - 159
- - - - - - 332
- - - - - - 1,686
- - - - - - 472
- - - - - - 617
- - - - - - 7,318
- - - - - - 25,734
- - - - - - 2,986
- - - - - - 1,140
- - - - - - 264
- - - - - - 1,348
- - - - - - 564
- - - - - - 1,891
- - - - - - 33,928
- - - - - - 18,926
- - - - - - 2,010
- - - - - - 1,015
- - - - - - 369
- - - - - - 223
- - - - - - 33
- - - - - - 100
- - - - - - 22,675
- 2,494 2,750 2,979 3,308 2,827 2,429

- 1,286 1,413 1,531 1,704 1,811 1,985
- 2,767 3,061 3,327 3,671 3,781 4,047
- 925 1,019 1,106 1,227 1,264 1,349
- 653 721 783 868 961 1,089
- 778 859 932 1,034 1,145 1,298
- 1,324 1,461 1,587 1,758 1,948 2,209
- 10,229 11,284 12,245 13,570 13,737 14,406
- 10,229 11,284 12,245 13,570 13,737 78,326
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.22%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.13%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.27%
0.00% 0.00% 0.00% 38.90% 38.90% 38.90% 19.21%
0.00% 0.00% 0.00% 61.10% 61.10% 61.10% 30.17%
0.00% 0.00% 0.00% 100.00% 100.00% 100.00% 100.00%
100% 100% 100% 0% 0% 0% 0%

100% 100% 100% 100% 0% 0% 0%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 0% 0% 0%
100% 100% 100% 100% 0% 0% 0%
100% 100% 100% 100% 100% 0% 0%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 100.00%

0.00% 0.00% 0.00% 0.00% 16.67% 100.00% 100.00%
- - - - - - 11,138
- - - - - - 20,467
- - - - - - -
- - - - - - 8,044
- - - - 880 5,344 15,046
- - - - 1,382 8,393 23,631
- - - - 2,262 13,737 78,326
2,262 13,737 78,326
- - - - - - 1,041
- - - - - - 1,912
- - - - - - -
- - - - - - 752
- - - - - - 1,406
- - - - - - 2,208
- - - - - - 7,318
- - - - - - 4,825
- - - - - - 8,865
- - - - - - -
- - - - - - 3,484
- - - - - - 6,518
- - - - - - 10,236
- - - - - - 33,928
- - - - - - 3,224
- - - - - - 5,925
- - - - - - -
- - - - - - 2,329
- - - - - - 4,356
- - - - - - 6,841
- - - - - - 22,675
- - - - - - 2,049
- - - - - - 3,764
- - - - - - -
- - - - - - 1,480
- - - - 880 5,344 2,767
- - - - 1,382 8,393 4,346
- - - - 2,262 13,737 14,406
774
- - - - - 608 -
- - - - 608 - -
- - - - - (608) -
- - - - 608 - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - 608 -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - 608 - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - (608) -
- - - - 608 - -
- 11,527 19,576 15,546

- - 31,552 32,498
- - - -
1,834 9,405 10,589 10,907
- - 36,082 19,953
- - 57,553 31,823
1,834 20,932 155,351 110,726
- 19,451 12,233 4,505

- - 9,418 9,418
- - - -
12,817 6,332 3,161 3,161
- - 14,397 5,782
- - 22,965 9,222
12,817 25,783 62,173 32,087
- 30,978 31,809 20,051

- - 40,969 41,916
- - - -
14,651 15,737 13,749 14,067
- - 50,479 25,735
- - 80,518 41,045
14,651 46,715 217,524 142,813
0.00% 0.00% 0.00% 58.76% 19.87% 14.04% 14.04%

0.00% 0.00% 0.00% 0.00% 0.00% 29.35% 29.35%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 41.24% 13.95% 9.85% 9.85%
0.00% 0.00% 0.00% 0.00% 25.50% 18.02% 18.02%
0.00% 0.00% 0.00% 0.00% 40.68% 28.74% 28.74%
0.00% 0.00% 0.00% 100.00% 100.00% 100.00% 100.00%
- - 35,428 -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - 2,262 14,345 78,326

- - - - - - -
- - - - - - -
- - - - - - -
- - - 14,651 46,715 217,524 142,813
- - - 14,651 48,976 231,869 221,139
- - - 14,651 61,366 278,890 421,703

- - - 14,651 46,715 217,524 142,813
- - - - - - -
- - - - - - -
- - - 14,651 61,366 278,890 421,703
365 365 365 366 365 365
2021 2022 2023 2024 2025 2026
85,106 92,203 99,762 107,789 116,013 128,113

61,416 64,600 67,860 71,184 74,384 79,749
35,165 34,638 34,073 33,471 32,752 32,883
0.6 0.5 0.5 0.5 0.4 0.4

0.6 0.5 0.5 0.5 0.4 0.4
1.7 1.9 2.0 2.1 2.3 2.4
- 23,840 - - - -
78,918 113,555 171,468 204,939 237,691 270,574

78,918 137,395 171,468 204,939 237,691 270,574
100% 100% 100% 100% 100% 100%
Dec-99 Dec-99 Dec-99 Dec-99 Dec-99 Dec-99
0% 0% 0% 0% 0% 0%
85,106 92,203 99,762 107,789 116,013 128,113

- - - - - -
146,135 155,963 158,938 162,002 165,159 168,410
- 64,412 - - - -
231,241 312,578 258,700 269,792 281,172 296,523
100% 100% 100% 100% 100% 100%

6,200 6,300 6,500 6,700 6,900 7,100
7,200 7,500 7,700 7,900 8,200 8,400
15,200 15,600 16,100 16,600 17,100 17,600
26,600 27,400 28,300 29,100 30,000 30,900
84,800 87,400 90,000 92,700 95,500 98,300
113,500 116,900 120,400 124,000 127,700 131,600
126,100 129,800 133,700 137,700 141,900 146,100
13,400 13,800 14,200 14,600 15,100 15,500

20,100 20,700 21,300 21,900 22,600 23,300
14,600 15,100 15,500 16,000 16,500 17,000
25,500 26,300 27,100 27,900 28,800 29,600
79,800 82,200 84,600 87,200 89,800 92,500
106,300 109,400 112,700 116,100 119,600 123,200
118,000 121,500 125,200 128,900 132,800 136,800
14,800 15,200 15,700 16,100 16,600 17,100

22,200 22,900 23,600 24,300 25,000 25,800
16,200 16,700 17,200 17,700 18,200 18,800
28,100 29,000 29,800 30,700 31,700 32,600
87,900 90,500 93,300 96,100 98,900 101,900
117,300 120,800 124,400 128,200 132,000 136,000
130,200 134,200 138,200 142,300 146,600 151,000
13,400 13,800 14,200 14,600 15,100 15,500

20,100 20,700 21,300 21,900 22,600 23,300
14,600 15,100 15,500 16,000 16,500 17,000
25,500 26,300 27,100 27,900 28,800 29,600
79,800 82,200 84,600 87,200 89,800 92,500
106,300 109,400 112,700 116,100 119,600 123,200
118,000 121,500 125,200 128,900 132,800 136,800
346 356 367 378 389 401

346 356 367 378 389 401
346 356 367 378 389 401
346 356 367 378 389 401
346 356 367 378 389 401
346 356 367 378 389 401
346 356 367 378 389 401
5,854 5,944 6,133 6,322 6,511 6,699

6,854 7,144 7,333 7,522 7,811 7,999
14,854 15,244 15,733 16,222 16,711 17,199
26,254 27,044 27,933 28,722 29,611 30,499
84,454 87,044 89,633 92,322 95,111 97,899
113,154 116,544 120,033 123,622 127,311 131,199
125,754 129,444 133,333 137,322 141,511 145,699
13,054 13,444 13,833 14,222 14,711 15,099

19,754 20,344 20,933 21,522 22,211 22,899
14,254 14,744 15,133 15,622 16,111 16,599
25,154 25,944 26,733 27,522 28,411 29,199
79,454 81,844 84,233 86,822 89,411 92,099
105,954 109,044 112,333 115,722 119,211 122,799
117,654 121,144 124,833 128,522 132,411 136,399
14,454 14,844 15,333 15,722 16,211 16,699

21,854 22,544 23,233 23,922 24,611 25,399
15,854 16,344 16,833 17,322 17,811 18,399
27,754 28,644 29,433 30,322 31,311 32,199
87,554 90,144 92,933 95,722 98,511 101,499
116,954 120,444 124,033 127,822 131,611 135,599
129,854 133,844 137,833 141,922 146,211 150,599
13,054 13,444 13,833 14,222 14,711 15,099

19,754 20,344 20,933 21,522 22,211 22,899
14,254 14,744 15,133 15,622 16,111 16,599
25,154 25,944 26,733 27,522 28,411 29,199
79,454 81,844 84,233 86,822 89,411 92,099
105,954 109,044 112,333 115,722 119,211 122,799
117,654 121,144 124,833 128,522 132,411 136,399
1,888 1,985 2,081 2,178 2,275 2,392

142 145 148 150 153 157
31 32 33 34 35 36
37 38 39 40 41 42
62 67 73 78 84 91
13 14 15 16 17 19
15 17 18 19 21 22
2,187 2,297 2,407 2,516 2,626 2,758
5,851 6,150 6,449 6,748 7,047 7,412

435 443 452 461 470 480
231 238 245 251 258 266
30 31 32 33 34 35
53 57 62 66 71 77
16 18 19 21 22 24
50 54 59 63 67 73
3,892 4,081 4,271 4,460 4,649 4,889

264 269 274 280 285 291
186 191 197 202 207 214
38 40 41 42 43 44
8 9 9 10 11 12
1 1 1 1 1 1
2 3 3 3 3 3
551 578 604 631 658 1,121

297 311 324 338 352 375
821 845 869 893 916 940
155 160 164 169 173 178
43 48 53 58 62 68
39 43 47 51 56 60
59 66 72 79 85 93
4,033 4,305 4,659 5,040 5,407 5,848

355 377 395 414 437 457
169 179 190 201 212 225
351 372 395 418 442 469
1,903 2,136 2,378 2,641 2,904 3,238
533 598 666 740 813 908
697 781 870 966 1,062 1,185
8,042 8,748 9,553 10,421 11,277 12,329
27,878 30,177 32,561 35,125 37,838 40,851

3,133 3,293 3,456 3,633 3,810 4,010
1,204 1,281 1,352 1,438 1,518 1,611
279 296 314 333 351 372
1,523 1,708 1,901 2,112 2,321 2,591
637 714 796 884 972 1,084
2,135 2,393 2,667 2,961 3,255 3,633
36,789 39,862 43,045 46,484 50,065 54,152
20,534 22,113 23,901 25,663 27,508 29,796
2,103 2,213 2,327 2,449 2,561 2,698
1,076 1,141 1,208 1,280 1,348 1,434
390 414 437 464 491 520
251 281 314 348 383 427
37 42 47 52 57 64
112 126 140 156 171 191
24,503 26,330 28,373 30,413 32,518 35,130
2,625 2,835 3,052 3,286 3,533 6,180

2,139 2,306 2,478 2,663 2,852 3,138
4,273 4,548 4,799 5,103 5,388 5,697
1,424 1,511 1,601 1,698 1,794 1,893
1,259 1,438 1,626 1,831 2,035 2,275
1,500 1,712 1,938 2,181 2,425 2,710
2,551 2,913 3,297 3,709 4,125 4,610
15,771 17,263 18,791 20,471 22,153 26,501
85,106 92,203 99,762 107,789 116,013 128,113
10.15% 11.81% 11.81% 11.81% 11.81% 11.81%

18.64% 21.69% 21.69% 21.69% 21.69% 21.69%
28.69% 16.98% 16.98% 16.98% 16.98% 16.98%
7.32% 8.52% 8.52% 8.52% 8.52% 8.52%
13.69% 15.95% 15.95% 15.95% 15.95% 15.95%
21.51% 25.05% 25.05% 25.05% 25.05% 25.05%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
8,638 10,889 11,782 12,730 13,701 15,130

15,864 19,999 21,638 23,380 25,163 27,788
24,417 15,656 16,940 18,303 19,699 21,754
6,230 7,856 8,500 9,184 9,884 10,915
11,651 14,706 15,912 17,192 18,504 20,434
18,306 23,097 24,991 27,001 29,061 32,092
85,106 92,203 99,762 107,789 116,013 128,113
85,106 92,203 99,762 107,789 116,013 128,113
816 1,033 1,128 1,231 1,332 1,456

1,499 1,897 2,072 2,260 2,446 2,674
2,307 1,485 1,622 1,770 1,915 2,094
589 745 814 888 961 1,050
1,101 1,395 1,524 1,662 1,799 1,967
1,730 2,191 2,393 2,611 2,825 3,089
8,042 8,748 9,553 10,421 11,277 12,329
3,734 4,708 5,084 5,490 5,913 6,395

6,858 8,646 9,337 10,082 10,859 11,746
10,555 6,769 7,309 7,893 8,501 9,195
2,693 3,396 3,667 3,960 4,266 4,614
5,036 6,358 6,866 7,414 7,985 8,637
7,913 9,986 10,783 11,644 12,541 13,565
36,789 39,862 43,045 46,484 50,065 54,152
2,487 3,110 3,351 3,592 3,840 4,149

4,567 5,711 6,154 6,597 7,053 7,620
7,030 4,471 4,818 5,164 5,522 5,965
1,794 2,243 2,417 2,591 2,771 2,993
3,354 4,200 4,526 4,851 5,187 5,603
5,271 6,596 7,107 7,618 8,146 8,800
24,503 26,330 28,373 30,413 32,518 35,130
1,601 2,039 2,219 2,418 2,616 3,130

2,940 3,744 4,076 4,440 4,805 5,748
4,525 2,931 3,191 3,476 3,762 4,500
1,154 1,471 1,601 1,744 1,887 2,258
2,159 2,753 2,997 3,265 3,533 4,227
3,392 4,324 4,707 5,128 5,549 6,639
15,771 17,263 18,791 20,471 22,153 26,501
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
16,012 13,547 13,954 14,372 14,803 15,247

33,473 28,334 29,184 30,060 30,961 31,890
- 2,648 2,727 2,809 2,893 2,980
11,234 9,511 9,796 10,090 10,393 10,704
20,551 17,395 17,917 18,454 19,008 19,578
32,777 27,739 28,571 29,428 30,311 31,220
114,048 99,174 102,149 105,214 108,370 111,621
4,505 7,757 7,757 7,757 7,757 7,757

9,418 16,224 16,224 16,224 16,224 16,224
- 1,516 1,516 1,516 1,516 1,516
3,161 5,446 5,446 5,446 5,446 5,446
5,782 9,961 9,961 9,961 9,961 9,961
9,222 15,884 15,884 15,884 15,884 15,884
32,087 56,788 56,788 56,788 56,788 56,788
20,517 21,304 21,711 22,130 22,561 23,005

42,891 44,558 45,409 46,284 47,186 48,115
- 4,164 4,244 4,325 4,410 4,497
14,394 14,957 15,242 15,536 15,839 16,150
26,334 27,356 27,878 28,415 28,969 29,539
41,999 43,623 44,455 45,312 46,195 47,104
146,135 155,963 158,938 162,002 165,159 168,410
14.04% 13.66% 13.66% 13.66% 13.66% 13.66%

29.35% 28.57% 28.57% 28.57% 28.57% 28.57%
0.00% 2.67% 2.67% 2.67% 2.67% 2.67%
9.85% 9.59% 9.59% 9.59% 9.59% 9.59%
17.54% 17.54% 17.54% 17.54% 17.54% 17.54%
29.22% 27.97% 27.97% 27.97% 27.97% 27.97%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
- - - - - -
- 23,840 - - - -
- - - - - -
- - - - - -
- 23,840 - - - -
- 64,412 - - - -
85,106 92,203 99,762 107,789 116,013 128,113

- - - - - -
- 64,412 - - - -
- 155,963 158,938 162,002 165,159 168,410
146,135 - - - - -
231,241 312,578 258,700 269,792 281,172 296,523
567,838 567,838 567,838 567,838 567,838 567,838

146,135 - - - - -
- 31,547 31,547 31,547 31,547 31,547
- 31,547 63,093 94,640 126,186 157,733
567,838 536,291 504,745 473,198 441,652 410,105
365 366 365 365 365 366
2027 2028 2029 2030 2031 2032
140,981 155,092 168,621 183,398 197,250 211,679

85,203 91,001 96,058 101,433 105,917 110,354
32,899 32,905 32,526 32,163 31,450 30,685
0.4 0.3 0.3 0.3 0.3 0.3

0.4 0.4 0.3 0.3 0.3 0.3
2.6 2.8 3.0 3.2 3.4 3.6
17,919 - - - - -
303,474 354,297 386,823 418,986 450,436 481,121

321,392 354,297 386,823 418,986 450,436 481,121
100% 100% 100% 100% 100% 100%
Dec-99 Dec-99 Dec-99 Dec-99 Dec-99 Dec-99
0% 0% 0% 0% 0% 0%
140,981 155,092 168,621 183,398 197,250 211,679

- - - - - -
171,758 175,207 178,760 182,419 186,188 190,070
77,937 - - - - -
390,676 330,299 347,381 365,817 383,438 401,750
100% 100% 100% 100% 100% 100%

7,300 7,600 7,800 8,000 8,300 8,500
8,700 8,900 9,200 9,500 9,700 10,000
18,100 18,700 19,200 19,800 20,400 21,000
31,800 32,800 33,700 34,800 35,800 36,900
101,300 104,300 107,400 110,700 114,000 117,400
135,500 139,600 143,800 148,100 152,500 157,100
150,500 155,000 159,700 164,500 169,400 174,500
16,000 16,500 17,000 17,500 18,000 18,500

24,000 24,700 25,400 26,200 27,000 27,800
17,500 18,000 18,500 19,100 19,700 20,200
30,500 31,400 32,400 33,300 34,300 35,400
95,200 98,100 101,000 104,100 107,200 110,400
126,900 130,700 134,600 138,600 142,800 147,100
140,900 145,100 149,500 154,000 158,600 163,300
17,600 18,200 18,700 19,300 19,800 20,400

26,500 27,300 28,200 29,000 29,900 30,800
19,300 19,900 20,500 21,100 21,700 22,400
33,600 34,600 35,600 36,700 37,800 38,900
105,000 108,100 111,400 114,700 118,100 121,700
140,100 144,300 148,600 153,100 157,600 162,400
155,500 160,200 165,000 169,900 175,000 180,300
16,000 16,500 17,000 17,500 18,000 18,500

24,000 24,700 25,400 26,200 27,000 27,800
17,500 18,000 18,500 19,100 19,700 20,200
30,500 31,400 32,400 33,300 34,300 35,400
95,200 98,100 101,000 104,100 107,200 110,400
126,900 130,700 134,600 138,600 142,800 147,100
140,900 145,100 149,500 154,000 158,600 163,300
413 426 438 451 465 479

413 426 438 451 465 479
413 426 438 451 465 479
413 426 438 451 465 479
413 426 438 451 465 479
413 426 438 451 465 479
413 426 438 451 465 479
6,887 7,174 7,362 7,549 7,835 8,021

8,287 8,474 8,762 9,049 9,235 9,521
17,687 18,274 18,762 19,349 19,935 20,521
31,387 32,374 33,262 34,349 35,335 36,421
100,887 103,874 106,962 110,249 113,535 116,921
135,087 139,174 143,362 147,649 152,035 156,621
150,087 154,574 159,262 164,049 168,935 174,021
15,587 16,074 16,562 17,049 17,535 18,021

23,587 24,274 24,962 25,749 26,535 27,321
17,087 17,574 18,062 18,649 19,235 19,721
30,087 30,974 31,962 32,849 33,835 34,921
94,787 97,674 100,562 103,649 106,735 109,921
126,487 130,274 134,162 138,149 142,335 146,621
140,487 144,674 149,062 153,549 158,135 162,821
17,187 17,774 18,262 18,849 19,335 19,921

26,087 26,874 27,762 28,549 29,435 30,321
18,887 19,474 20,062 20,649 21,235 21,921
33,187 34,174 35,162 36,249 37,335 38,421
104,587 107,674 110,962 114,249 117,635 121,221
139,687 143,874 148,162 152,649 157,135 161,921
155,087 159,774 164,562 169,449 174,535 179,821
15,587 16,074 16,562 17,049 17,535 18,021

23,587 24,274 24,962 25,749 26,535 27,321
17,087 17,574 18,062 18,649 19,235 19,721
30,087 30,974 31,962 32,849 33,835 34,921
94,787 97,674 100,562 103,649 106,735 109,921
126,487 130,274 134,162 138,149 142,335 146,621
140,487 144,674 149,062 153,549 158,135 162,821
2,508 2,624 2,741 2,857 3,027 3,173

160 163 166 169 175 180
37 38 39 40 41 42
43 45 46 47 48 49
98 105 112 119 127 134
20 22 23 25 27 28
24 26 27 29 31 33
2,890 3,022 3,154 3,286 3,476 3,640
7,778 8,143 8,509 8,874 9,218 9,524

490 499 509 519 537 552
274 282 289 297 304 311
36 37 38 39 40 41
83 89 95 101 108 114
26 28 30 32 34 36
79 84 90 95 102 108
5,128 5,368 5,607 5,847 6,073 6,274

297 303 309 315 326 335
220 226 232 239 244 249
46 47 48 49 51 52
12 13 14 15 16 17
1 1 2 2 2 2
4 4 4 5 5 5
1,575 2,023 2,466 2,905 3,050 3,203

399 422 445 468 496 521
964 988 1,011 1,034 1,086 1,140
182 187 191 195 205 215
73 78 83 88 93 97
65 70 74 79 83 87
100 107 114 121 127 133
6,304 6,891 7,364 7,872 8,656 9,315

483 505 531 559 590 628
238 254 267 283 299 315
496 528 556 590 621 655
3,594 3,976 4,355 4,770 5,257 5,754
1,007 1,114 1,221 1,336 1,473 1,612
1,314 1,454 1,594 1,745 1,923 2,105
13,437 14,723 15,889 17,155 18,819 20,385
44,250 47,910 51,437 55,223 58,997 62,815

4,215 4,437 4,639 4,877 5,199 5,520
1,707 1,811 1,907 2,022 2,136 2,241
395 419 443 468 493 521
2,872 3,179 3,482 3,814 4,203 4,600
1,203 1,331 1,458 1,595 1,759 1,926
4,030 4,459 4,887 5,349 5,895 6,452
58,671 63,545 68,254 73,348 78,682 84,076
32,170 34,919 37,374 40,223 42,858 45,747
2,828 2,979 3,130 3,280 3,498 3,716
1,516 1,612 1,702 1,799 1,894 2,001
551 586 617 654 689 726
474 524 575 629 693 759
71 78 86 94 103 113
212 234 257 281 310 339
37,821 40,932 43,740 46,959 50,046 53,401
8,962 11,901 14,906 18,077 19,522 21,124

3,434 3,751 4,058 4,402 4,802 5,206
6,013 6,353 6,666 7,040 7,625 8,231
1,999 2,115 2,228 2,342 2,533 2,752
2,522 2,790 3,052 3,337 3,608 3,912
3,007 3,325 3,638 3,974 4,299 4,663
5,114 5,655 6,191 6,764 7,314 7,929
31,052 35,891 40,738 45,935 49,703 53,817
140,981 155,092 168,621 183,398 197,250 211,679
11.81% 11.81% 11.81% 11.81% 11.81% 11.81%

21.69% 21.69% 21.69% 21.69% 21.69% 21.69%
16.98% 16.98% 16.98% 16.98% 16.98% 16.98%
8.52% 8.52% 8.52% 8.52% 8.52% 8.52%
15.95% 15.95% 15.95% 15.95% 15.95% 15.95%
25.05% 25.05% 25.05% 25.05% 25.05% 25.05%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
16,650 18,316 19,914 21,659 23,295 24,999

30,579 33,639 36,574 39,779 42,783 45,913
23,939 26,335 28,632 31,141 33,493 35,943
12,012 13,214 14,367 15,625 16,806 18,035
22,486 24,737 26,895 29,252 31,461 33,763
35,316 38,851 42,240 45,941 49,411 53,026
140,981 155,092 168,621 183,398 197,250 211,679
140,981 155,092 168,621 183,398 197,250 211,679
1,587 1,739 1,877 2,026 2,222 2,407

2,915 3,193 3,446 3,721 4,082 4,421
2,282 2,500 2,698 2,913 3,195 3,461
1,145 1,254 1,354 1,462 1,603 1,737
2,143 2,348 2,534 2,736 3,002 3,251
3,366 3,688 3,980 4,297 4,714 5,106
13,437 14,723 15,889 17,155 18,819 20,385
6,929 7,505 8,061 8,662 9,292 9,929

12,726 13,783 14,804 15,909 17,066 18,236
9,962 10,790 11,589 12,455 13,360 14,276
4,999 5,414 5,815 6,249 6,704 7,163
9,358 10,136 10,886 11,699 12,550 13,410
14,697 15,918 17,098 18,374 19,710 21,061
58,671 63,545 68,254 73,348 78,682 84,076
4,467 4,834 5,166 5,546 5,910 6,307

8,203 8,878 9,487 10,185 10,855 11,583
6,422 6,950 7,427 7,974 8,498 9,068
3,222 3,487 3,727 4,001 4,264 4,550
6,032 6,529 6,977 7,490 7,982 8,518
9,474 10,254 10,957 11,763 12,536 13,377
37,821 40,932 43,740 46,959 50,046 53,401
3,667 4,239 4,811 5,425 5,870 6,356

6,735 7,785 8,836 9,963 10,781 11,673
5,273 6,094 6,917 7,800 8,440 9,138
2,646 3,058 3,471 3,914 4,235 4,585
4,953 5,725 6,498 7,327 7,928 8,584
7,778 8,991 10,205 11,507 12,451 13,481
31,052 35,891 40,738 45,935 49,703 53,817
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
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- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
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- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
15,705 16,176 16,661 17,161 17,676 18,206

32,847 33,832 34,847 35,893 36,969 38,079
3,070 3,162 3,257 3,354 3,455 3,559
11,026 11,356 11,697 12,048 12,409 12,782
20,166 20,771 21,394 22,036 22,697 23,378
32,157 33,122 34,115 35,139 36,193 37,279
114,970 118,419 121,972 125,631 129,400 133,282
7,757 7,757 7,757 7,757 7,757 7,757

16,224 16,224 16,224 16,224 16,224 16,224
1,516 1,516 1,516 1,516 1,516 1,516
5,446 5,446 5,446 5,446 5,446 5,446
9,961 9,961 9,961 9,961 9,961 9,961
15,884 15,884 15,884 15,884 15,884 15,884
56,788 56,788 56,788 56,788 56,788 56,788
23,462 23,933 24,419 24,918 25,433 25,964

49,071 50,057 51,072 52,117 53,194 54,303
4,586 4,678 4,773 4,871 4,971 5,075
16,472 16,802 17,143 17,494 17,855 18,228
30,126 30,731 31,355 31,996 32,657 33,338
48,041 49,006 49,999 51,023 52,077 53,163
171,758 175,207 178,760 182,419 186,188 190,070
13.66% 13.66% 13.66% 13.66% 13.66% 13.66%

28.57% 28.57% 28.57% 28.57% 28.57% 28.57%
2.67% 2.67% 2.67% 2.67% 2.67% 2.67%
9.59% 9.59% 9.59% 9.59% 9.59% 9.59%
17.54% 17.54% 17.54% 17.54% 17.54% 17.54%
27.97% 27.97% 27.97% 27.97% 27.97% 27.97%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
- - - - - -
- - - - - -
17,919 - - - - -
- - - - - -
17,919 - - - - -
77,937 - - - - -
140,981 155,092 168,621 183,398 197,250 211,679

- - - - - -
77,937 - - - - -
171,758 175,207 178,760 182,419 186,188 190,070
- - - - - -
390,676 330,299 347,381 365,817 383,438 401,750
567,838 567,838 567,838 567,838 567,838 567,838

- - - - - -
31,547 31,547 31,547 31,547 31,547 31,547
189,279 220,826 252,372 283,919 315,465 347,012
378,559 347,012 315,465 283,919 252,372 220,826
365 365 365 366 365 365
2033 2034 2035 2036 2037 2038
226,666 242,918 259,832 277,417 294,386 313,068

114,725 119,370 123,963 128,497 132,386 136,686
29,873 29,107 28,306 27,477 26,509 25,631
0.3 0.2 0.2 0.2 0.2 0.2

0.3 0.2 0.2 0.2 0.2 0.2
3.8 4.1 4.4 4.7 5.0 5.3
- - - - - -
510,995 540,102 568,408 595,885 622,394 640,561

510,995 540,102 568,408 595,885 622,394 640,561
100% 100% 100% 100% 100% 71%
Dec-99 Dec-99 Dec-99 Dec-99 Dec-99 Sep-38
0% 0% 0% 0% 0% 29%
226,666 242,918 259,832 277,417 294,386 221,900

- - - - - 17,222
194,069 138,731 - - - -
- - - - - -
420,734 381,649 259,832 277,417 294,386 239,121
100% 100% 100% 100% 100% 71%
-
8,800 9,000 9,300 9,600 9,900 10,200
10,300 10,600 11,000 11,300 11,600 12,000
21,600 22,300 22,900 23,600 24,300 25,100
38,000 39,100 40,300 41,500 42,700 44,000
120,900 124,500 128,300 132,100 136,100 140,200
161,800 166,700 171,700 176,800 182,100 187,600
179,700 185,100 190,700 196,400 202,300 208,300
19,100 19,700 20,300 20,900 21,500 22,100

28,600 29,500 30,400 31,300 32,200 33,200
20,800 21,500 22,100 22,800 23,500 24,200
36,400 37,500 38,600 39,800 41,000 42,200
113,700 117,100 120,600 124,300 128,000 131,800
151,500 156,000 160,700 165,500 170,500 175,600
168,200 173,300 178,500 183,800 189,300 195,000
21,100 21,700 22,300 23,000 23,700 24,400

31,700 32,600 33,600 34,600 35,700 36,700
23,100 23,800 24,500 25,200 26,000 26,700
40,100 41,300 42,500 43,800 45,100 46,500
125,300 129,100 133,000 137,000 141,100 145,300
167,200 172,300 177,400 182,800 188,200 193,900
185,700 191,300 197,000 202,900 209,000 215,300
19,100 19,700 20,300 20,900 21,500 22,100

28,600 29,500 30,400 31,300 32,200 33,200
20,800 21,500 22,100 22,800 23,500 24,200
36,400 37,500 38,600 39,800 41,000 42,200
113,700 117,100 120,600 124,300 128,000 131,800
151,500 156,000 160,700 165,500 170,500 175,600
168,200 173,300 178,500 183,800 189,300 195,000
493 508 523 539 555 572

493 508 523 539 555 572
493 508 523 539 555 572
493 508 523 539 555 572
493 508 523 539 555 572
493 508 523 539 555 572
493 508 523 539 555 572
8,307 8,492 8,777 9,061 9,345 9,628

9,807 10,092 10,477 10,761 11,045 11,428
21,107 21,792 22,377 23,061 23,745 24,528
37,507 38,592 39,777 40,961 42,145 43,428
120,407 123,992 127,777 131,561 135,545 139,628
161,307 166,192 171,177 176,261 181,545 187,028
179,207 184,592 190,177 195,861 201,745 207,728
18,607 19,192 19,777 20,361 20,945 21,528

28,107 28,992 29,877 30,761 31,645 32,628
20,307 20,992 21,577 22,261 22,945 23,628
35,907 36,992 38,077 39,261 40,445 41,628
113,207 116,592 120,077 123,761 127,445 131,228
151,007 155,492 160,177 164,961 169,945 175,028
167,707 172,792 177,977 183,261 188,745 194,428
20,607 21,192 21,777 22,461 23,145 23,828

31,207 32,092 33,077 34,061 35,145 36,128
22,607 23,292 23,977 24,661 25,445 26,128
39,607 40,792 41,977 43,261 44,545 45,928
124,807 128,592 132,477 136,461 140,545 144,728
166,707 171,792 176,877 182,261 187,645 193,328
185,207 190,792 196,477 202,361 208,445 214,728
18,607 19,192 19,777 20,361 20,945 21,528

28,107 28,992 29,877 30,761 31,645 32,628
20,307 20,992 21,577 22,261 22,945 23,628
35,907 36,992 38,077 39,261 40,445 41,628
113,207 116,592 120,077 123,761 127,445 131,228
151,007 155,492 160,177 164,961 169,945 175,028
167,707 172,792 177,977 183,261 188,745 194,428
3,319 3,466 3,612 3,758 3,904 4,050

185 190 195 200 205 210
43 44 44 45 46 47
50 51 52 53 54 55
143 151 160 168 178 188
30 32 33 35 37 39
35 37 39 41 44 46
3,805 3,970 4,136 4,302 4,469 4,636
9,839 10,166 10,480 10,804 11,138 11,483

567 583 598 613 629 644
317 323 330 336 342 349
42 42 43 44 45 46
121 128 136 143 151 160
38 40 43 45 47 50
115 122 128 136 143 151
6,482 6,697 6,904 7,118 7,338 7,565

344 353 363 372 381 391
255 260 265 270 275 280
53 54 55 56 57 58
18 19 20 21 23 24
2 2 2 2 3 3
5 6 6 6 7 7
3,363 3,531 3,708 3,819 3,933 4,051

547 574 603 621 639 659
1,197 1,257 1,320 1,360 1,400 1,442
226 237 249 257 264 272
102 107 113 116 119 123
91 96 101 104 107 110
140 147 154 159 163 168
10,064 10,742 11,570 12,463 13,317 14,234

663 700 746 788 827 876
329 347 363 383 400 422
687 721 758 797 834 876
6,264 6,838 7,441 8,111 8,800 9,572
1,756 1,917 2,085 2,273 2,466 2,682
2,292 2,502 2,722 2,968 3,220 3,501
22,055 23,768 25,685 27,784 29,863 32,163
66,824 71,211 75,650 80,513 85,149 90,227

5,821 6,166 6,521 6,905 7,261 7,669
2,349 2,478 2,596 2,737 2,868 3,010
545 573 602 634 664 696
5,009 5,468 5,946 6,489 7,036 7,650
2,097 2,289 2,490 2,715 2,945 3,203
7,025 7,672 8,344 9,097 9,866 10,731
89,670 95,858 102,149 109,090 115,789 123,186
48,757 51,804 54,880 58,514 61,990 65,794
3,920 4,140 4,379 4,638 4,891 5,151
2,100 2,209 2,317 2,436 2,555 2,673
762 801 840 885 926 973
826 902 982 1,070 1,161 1,262
123 134 146 159 173 188
369 403 438 478 519 564
56,858 60,394 63,982 68,180 72,214 76,605
22,838 24,735 26,763 28,458 30,069 31,834

5,608 6,074 6,572 6,989 7,385 7,843
8,875 9,633 10,396 11,078 11,729 12,440
2,963 3,206 3,464 3,689 3,904 4,139
4,219 4,562 4,934 5,252 5,555 5,892
5,028 5,437 5,880 6,255 6,619 7,021
8,552 9,252 10,006 10,642 11,258 11,945
58,084 62,898 68,016 72,362 76,519 81,114
226,666 242,918 259,832 277,417 294,386 313,068
11.81% 11.81% 11.81% 11.81% 11.81% 11.81%

21.69% 21.69% 21.69% 21.69% 21.69% 21.69%
16.98% 16.98% 16.98% 16.98% 16.98% 16.98%
8.52% 8.52% 8.52% 8.52% 8.52% 8.52%
15.95% 15.95% 15.95% 15.95% 15.95% 15.95%
25.05% 25.05% 25.05% 25.05% 25.05% 25.05%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
26,769 28,689 30,686 32,763 34,767 36,973

49,164 52,689 56,358 60,172 63,852 67,904
38,488 41,247 44,120 47,105 49,987 53,159
19,312 20,697 22,138 23,636 25,082 26,673
36,153 38,745 41,443 44,248 46,955 49,934
56,780 60,851 65,088 69,493 73,744 78,424
226,666 242,918 259,832 277,417 294,386 313,068
226,666 242,918 259,832 277,417 294,386 221,900
2,605 2,807 3,033 3,281 3,527 3,798

4,784 5,155 5,571 6,026 6,477 6,976
3,745 4,036 4,361 4,718 5,071 5,461
1,879 2,025 2,188 2,367 2,544 2,740
3,518 3,791 4,097 4,432 4,763 5,130
5,525 5,954 6,434 6,960 7,481 8,057
22,055 23,768 25,685 27,784 29,863 32,163
10,590 11,321 12,064 12,884 13,675 14,548

19,449 20,792 22,156 23,662 25,115 26,719
15,226 16,277 17,345 18,524 19,661 20,917
7,640 8,167 8,703 9,295 9,865 10,495
14,302 15,289 16,293 17,400 18,468 19,648
22,462 24,013 25,588 27,327 29,005 30,858
89,670 95,858 102,149 109,090 115,789 123,186
6,715 7,133 7,556 8,052 8,529 9,047

12,332 13,099 13,878 14,788 15,663 16,616
9,654 10,255 10,864 11,577 12,262 13,008
4,844 5,146 5,451 5,809 6,153 6,527
9,069 9,633 10,205 10,875 11,518 12,219
14,243 15,129 16,028 17,079 18,090 19,190
56,858 60,394 63,982 68,180 72,214 76,605
6,860 7,428 8,033 8,546 9,037 9,580

12,598 13,643 14,753 15,695 16,597 17,594
9,863 10,680 11,549 12,287 12,993 13,773
4,949 5,359 5,795 6,165 6,519 6,911
9,264 10,032 10,849 11,542 12,205 12,938
14,550 15,756 17,038 18,127 19,168 20,319
58,084 62,898 68,016 72,362 76,519 81,114
- - - - - -
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- - - - - -
- - - - - -
- - - - - -
- - - - - -
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- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
18,752 13,521 - - - -
39,221 28,278 - - - -
3,665 2,643 - - - -
13,165 9,492 - - - -
24,079 17,361 - - - -
38,397 27,684 - - - -
137,280 98,979 - - - -
7,757 5,430 - - - -
16,224 11,357 - - - -
1,516 1,061 - - - -
5,446 3,812 - - - -
9,961 6,972 - - - -
15,884 11,119 - - - -
56,788 39,752 - - - -
26,510 18,951 - - - -
55,445 39,635 - - - -
5,182 3,704 - - - -
18,611 13,304 - - - -
34,040 24,333 - - - -
54,281 38,803 - - - -
194,069 138,731 - - - -
13.66% 13.66% 13.66% 13.66% 13.66% 13.66%

28.57% 28.57% 28.57% 28.57% 28.57% 28.57%
2.67% 2.67% 2.67% 2.67% 2.67% 2.67%
9.59% 9.59% 9.59% 9.59% 9.59% 9.59%
17.54% 17.54% 17.54% 17.54% 17.54% 17.54%
27.97% 27.97% 27.97% 27.97% 27.97% 27.97%
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
226,666 242,918 259,832 277,417 294,386 221,900

- - - - - 17,222
- - - - - -
194,069 138,731 - - - -
- - - - - -
420,734 381,649 259,832 277,417 294,386 239,121
567,838 567,838 567,838 567,838 567,838 567,838

- - - - - -
31,547 31,547 31,547 31,547 31,547 31,547
378,559 410,105 441,652 473,198 504,745 536,291
189,279 157,733 126,186 94,640 63,093 31,547
365 366 365 365 365
2039 2040 2041 2042 2043
333,350 355,974 372,710 391,242 410,902

141,303 146,498 148,917 151,769 154,753
24,812 24,090 22,931 21,885 20,897
0.2 0.2 0.1 0.1 0.1

0.2 0.2 0.2 0.1 0.1
5.7 6.1 6.5 6.9 7.4
- - - - -
640,561 640,561 640,561 640,561 640,561

640,561 640,561 640,561 640,561 640,561
0% 0% 0% 0% 0%
Dec-99 Dec-99 Dec-99 Dec-99 Dec-99
75% 0% 0% 0% 0%
- - - - -
47,227 - - - -
- - - - -
- - - - -
47,227 - - - -
0% 0% 0% 0% 0%
10,500 10,800 11,100 11,500 11,800
12,300 12,700 13,100 13,500 13,900
25,800 26,600 27,400 28,200 29,100
45,400 46,700 48,100 49,600 51,000
144,400 148,700 153,200 157,800 162,500
193,200 199,000 205,000 211,100 217,500
214,600 221,000 227,700 234,500 241,500
22,800 23,500 24,200 24,900 25,700

34,200 35,200 36,300 37,400 38,500
24,900 25,600 26,400 27,200 28,000
43,500 44,800 46,100 47,500 48,900
135,800 139,900 144,100 148,400 152,800
180,900 186,300 191,900 197,700 203,600
200,900 206,900 213,100 219,500 226,100
25,100 25,900 26,700 27,500 28,300

37,800 39,000 40,100 41,300 42,600
27,500 28,400 29,200 30,100 31,000
47,900 49,300 50,800 52,300 53,900
149,700 154,100 158,800 163,500 168,400
199,700 205,700 211,900 218,200 224,800
221,700 228,400 235,200 242,300 249,600
22,800 23,500 24,200 24,900 25,700

34,200 35,200 36,300 37,400 38,500
24,900 25,600 26,400 27,200 28,000
43,500 44,800 46,100 47,500 48,900
135,800 139,900 144,100 148,400 152,800
180,900 186,300 191,900 197,700 203,600
200,900 206,900 213,100 219,500 226,100
589 607 625 644 663

589 607 625 644 663
589 607 625 644 663
589 607 625 644 663
589 607 625 644 663
589 607 625 644 663
589 607 625 644 663
9,911 10,193 10,475 10,856 11,137

11,711 12,093 12,475 12,856 13,237
25,211 25,993 26,775 27,556 28,437
44,811 46,093 47,475 48,956 50,337
143,811 148,093 152,575 157,156 161,837
192,611 198,393 204,375 210,456 216,837
214,011 220,393 227,075 233,856 240,837
22,211 22,893 23,575 24,256 25,037

33,611 34,593 35,675 36,756 37,837
24,311 24,993 25,775 26,556 27,337
42,911 44,193 45,475 46,856 48,237
135,211 139,293 143,475 147,756 152,137
180,311 185,693 191,275 197,056 202,937
200,311 206,293 212,475 218,856 225,437
24,511 25,293 26,075 26,856 27,637

37,211 38,393 39,475 40,656 41,937
26,911 27,793 28,575 29,456 30,337
47,311 48,693 50,175 51,656 53,237
149,111 153,493 158,175 162,856 167,737
199,111 205,093 211,275 217,556 224,137
221,111 227,793 234,575 241,656 248,937
22,211 22,893 23,575 24,256 25,037

33,611 34,593 35,675 36,756 37,837
24,311 24,993 25,775 26,556 27,337
42,911 44,193 45,475 46,856 48,237
135,211 139,293 143,475 147,756 152,137
180,311 185,693 191,275 197,056 202,937
200,311 206,293 212,475 218,856 225,437
4,197 4,343 4,473 4,607 4,746

215 220 227 233 240
48 49 50 52 53
56 57 59 61 63
198 209 216 222 229
41 44 45 46 48
49 51 53 55 56
4,805 4,974 5,123 5,277 5,435
11,838 12,204 12,448 12,697 12,950

659 675 688 702 716
356 363 370 377 385
47 48 49 50 51
169 178 182 185 189
53 56 57 58 59
160 169 172 175 179
7,799 8,040 8,140 8,242 8,345

400 409 414 419 425
286 291 295 299 302
59 60 61 62 63
25 27 27 27 28
3 3 3 3 3
8 8 8 8 8
4,173 4,298 4,384 4,472 4,561

678 699 713 727 741
1,486 1,530 1,561 1,592 1,624
281 289 295 301 307
127 130 133 136 138
113 117 119 121 124
173 179 182 186 189
15,182 16,202 17,103 18,257 19,291

919 974 1,032 1,096 1,162
442 465 492 522 555
921 968 1,024 1,088 1,152
10,410 11,350 12,011 12,743 13,516
2,916 3,181 3,366 3,570 3,788
3,808 4,152 4,394 4,661 4,944
34,598 37,293 39,423 41,937 44,409
95,967 102,253 107,110 112,410 118,348

8,088 8,541 8,959 9,416 9,886
3,156 3,316 3,479 3,656 3,839
731 770 806 847 889
8,323 9,078 9,512 9,991 10,493
3,484 3,799 3,980 4,183 4,394
11,674 12,730 13,337 14,012 14,722
131,423 140,486 147,184 154,515 162,572
69,772 74,428 77,475 80,794 84,182
5,431 5,750 5,969 6,225 6,501
2,806 2,962 3,075 3,210 3,347
1,021 1,074 1,118 1,165 1,216
1,373 1,497 1,557 1,624 1,693
205 223 232 242 252
613 669 696 726 757
81,222 86,603 90,123 93,985 97,948
33,829 36,013 37,724 39,590 41,682

8,321 8,846 9,279 9,752 10,239
13,184 13,999 14,685 15,433 16,204
4,394 4,674 4,893 5,142 5,399
6,253 6,653 6,971 7,322 7,690
7,450 7,925 8,303 8,725 9,165
12,676 13,483 14,126 14,841 15,593
86,108 91,592 95,980 100,805 105,973
333,350 355,974 372,710 391,242 410,902
11.81% 11.81% 11.81% 11.81% 11.81%

21.69% 21.69% 21.69% 21.69% 21.69%
16.98% 16.98% 16.98% 16.98% 16.98%
8.52% 8.52% 8.52% 8.52% 8.52%
15.95% 15.95% 15.95% 15.95% 15.95%
25.05% 25.05% 25.05% 25.05% 25.05%
100.00% 100.00% 100.00% 100.00% 100.00%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
100.00% 100.00% 100.00% 100.00% 100.00%

100.00% 100.00% 100.00% 100.00% 100.00%
39,369 42,041 44,017 46,206 48,528

72,304 77,211 80,841 84,860 89,125
56,603 60,444 63,286 66,433 69,771
28,401 30,329 31,755 33,334 35,009
53,169 56,778 59,447 62,403 65,539
83,504 89,171 93,364 98,006 102,931
333,350 355,974 372,710 391,242 410,902
- - - - -
4,086 4,404 4,656 4,953 5,245

7,504 8,089 8,551 9,096 9,632
5,875 6,332 6,694 7,121 7,541
2,948 3,177 3,359 3,573 3,784
5,518 5,948 6,288 6,689 7,083
8,667 9,342 9,875 10,505 11,124
34,598 37,293 39,423 41,937 44,409
15,521 16,591 17,382 18,248 19,200

28,506 30,472 31,924 33,514 35,262
22,316 23,855 24,992 26,237 27,605
11,197 11,969 12,540 13,165 13,851
20,962 22,408 23,476 24,645 25,930
32,922 35,192 36,869 38,706 40,724
131,423 140,486 147,184 154,515 162,572
9,592 10,228 10,643 11,100 11,568

17,617 18,784 19,548 20,385 21,245
13,791 14,705 15,303 15,959 16,632
6,920 7,379 7,678 8,008 8,345
12,955 13,813 14,375 14,991 15,623
20,346 21,694 22,576 23,543 24,536
81,222 86,603 90,123 93,985 97,948
10,169 10,817 11,335 11,905 12,515

18,677 19,866 20,818 21,865 22,986
14,621 15,552 16,297 17,117 17,994
7,336 7,804 8,178 8,589 9,029
13,734 14,609 15,309 16,078 16,903
21,570 22,944 24,043 25,252 26,546
86,108 91,592 95,980 100,805 105,973
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- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
13.66% 13.66% 13.66% 13.66% 13.66%

28.57% 28.57% 28.57% 28.57% 28.57%
2.67% 2.67% 2.67% 2.67% 2.67%
9.59% 9.59% 9.59% 9.59% 9.59%
17.54% 17.54% 17.54% 17.54% 17.54%
27.97% 27.97% 27.97% 27.97% 27.97%
100.00% 100.00% 100.00% 100.00% 100.00%
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
47,227 - - - -
- - - - -
- - - - -
- - - - -
47,227 - - - -
567,838 567,838 567,838 567,838 567,838

- - - - -
31,547 - - - -
567,838 567,838 567,838 567,838 567,838
- - - - -
366
2044
423,714
154,930
19,592
0.1
0.1
7.9
640,561
640,561
0%
Dec-99
0%
-
-
-
-
-
-
0%
x
12,100
14,300
29,900
52,600
167,400
224,000
248,800
26,400
39,600
28,900
50,400
157,400
209,700
232,900
29,100
43,900
31,900
55,500
173,500
231,500
257,000
26,400
39,600
28,900
50,400
157,400
209,700
232,900
683
683
683
683
683
683
683
11,417
13,617
29,217
51,917
166,717
223,317
248,117
25,717
38,917
28,217
49,717
156,717
209,017
232,217
28,417
43,217
31,217
54,817
172,817
230,817
256,317
25,717
38,917
28,217
49,717
156,717
209,017
232,217
4,746
240
53
63
229
48
56
5,435
12,950
716
385
51
189
59
179
8,345
425
302
63
28
3
8
4,561
741
1,624
307
138
124
189
19,830
1,199
572
1,192
13,962
3,912
5,108
45,774
121,896
10,196
3,973
919
10,839
4,538
15,206
167,568
86,795
6,718
3,453
1,256
1,749
261
781
101,013
42,931
10,561
16,772
5,580
7,943
9,466
16,106
109,359
423,714
11.81%
21.69%
16.98%
8.52%
15.95%
25.05%
100.00%
0%
0%
0%
0%
0%
0%
100.00%
100.00%
50,041
91,904
71,947
36,100
67,582
106,140
423,714
-
5,406
9,928
7,772
3,900
7,301
11,466
45,774
19,790
36,345
28,453
14,277
26,727
41,976
167,568
11,930
21,910
17,152
8,606
16,112
25,304
101,013
12,915
23,720
18,569
9,317
17,443
27,394
109,359
x
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
13.66%
28.57%
2.67%
9.59%
17.54%
27.97%
100.00%
-
-
-
-
-
-
-
-
-
-
567,838
-
-
567,838
-
x
Opex
COP M
Check (0)
2012
x Resumen Opex
Costo de recaudo 148,655 -

Impuestos corrientes 110,704 -
O&M 694,191 -
Subcuentas 51,742 -
Total Opex sin GMF 1,005,293 -
GMF - -
Total Opex 1,005,293 -
Porcentaje de opex 0%
Comisiones de deuda
Opex sin subcuentas + comisiones
Sin GMF
x Opex
x Costo de Recaudo
Recaudo de peajes 3,303,450 -

Costo de recaudo 4.50% 148,655 -
x Impuestos corrientes
Base Gravable Impuesto turismo 2,633,185 -
ICA 1.00% 63,064 -

Impuesto Concesiones 0.25% 15,766 -
Impuesto turismo 0.25% 6,583 -
Impuestos Intereses deuda subordinada 25,475
Total impuestos 110,887 -
Impuestos Intereses deuda subordinada

Base Intereses
Retefuente 7.00% 20,979
ICA Intereses deuda Subordinada 1.50% 4,496
Total 25,475
Base GMF (7,922,327)

GMF 0.40% 31,689 -
x O&M
Dec-12 Corrientes
Operación y administración 287,469 447,671 -
Mantenimiento rutinario 212,057 214,661 -
Replacement of Systems - - -
Seguros 27,864 48,796 -
Otros gastos - 1,476 -
Total 527,390 712,605 -
Upfront USD Anual USD

Costos de transacción 22,500,000 200,000 -
Total Costos de transacción COP M 86,382 -
Cronograma
Operación y administración 100.00% 0%
Mantenimiento rutinario 100.00% 0%
Replacement of Systems 100.00% 0%
Seguros 100.00% 0%
Otros gastos 100.00% 0%
Número de meses por año -

Trust costs (Minimum Wages per Month) 23 -
Total O&M 799,435 -
x Subcuentas
Dec-12 Corrientes
Interventoría y supervisión 56,669 71,724 -
Soporte contractual 9,100 15,372 -
Amigable composición 9,672 16,338 -
Total Subcuentas 75,441 103,435 -
Cronograma
Interventoría y supervisión 100.00% 0.0%
Soporte contractual 100.00% 0.0%
Amigable composición 100.00% 0.0%
Subcuentas (Dic-12) Dic-12

Interventoría y supervisión 56,669 -
Soporte contractual 9,100 -
Amigable composición 9,672 -
Total Subcuentas 75,441 -
x
2013 2014 2015 2016 2017 2018 2019
- - - - - 102 618
- - - - 183 614 2,910
- 1,794 2,916 81,047 19,487 19,251 19,453
- 7,139 23,103 13,549 7,902 1,226 1,519
- 8,932 26,018 94,596 27,573 21,193 24,500
- - 777 1,425 1,915 - -
- 8,932 26,796 96,021 29,487 21,193 24,500
0% 100% 100% 100% 100% 100% 100%
24,633 17,065 11,164

46,218 37,033 34,145
- - - - - 2,262 13,737
- - - - - 102 618
102 600
- - - - - 835 4,638
- - - - 147 490 2,319

- - - - 37 122 580
- - - - - 2 12
- -
- - - - 183 614 2,910
- - - - - -
- -
- -
- -
(194,316) (356,351) (478,687) (435,738) (186,138)

- - 777 1,425 1,915 1,743 745
- - - 8,524 10,715 13,734 14,747

- 204 1,246 1,216 1,539 3,452 2,361
- - - - - - -
- 1,562 1,492 2,450 3,115 1,270 1,602
- - - - 1,476 - -
- 1,766 2,738 12,191 16,845 18,456 18,710
- - - 68,666 2,591 795 743

- - - 68,666 2,591 795 743
0% 0% 0% 3% 3% 3% 3%
0% 0% 1% 1% 1% 2% 3%
0% 0% 0% 0% 0% 0% 0%
0% 6% 5% 8% 9% 9% 6%
0% 69% 31% 0% 0% 0% 0%
- 2 12 12 12 12
- 28 178 190 51 - -
- 1,794 2,916 81,047 19,487 19,251 19,453
- 6,376 22,288 12,688 7,005 299 563

- 370 395 418 435 449 463
- 393 420 444 462 478 492
- 7,139 23,103 13,549 7,902 1,226 1,519
0.0% 10.6% 34.9% 18.8% 10.0% 0.4% 0.8%

0.0% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%
0.0% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%
- 6,034 19,756 10,635 5,641 233 425

- 350 350 350 350 350 350
- 372 372 372 372 372 372
- 6,756 20,478 11,357 6,363 955 1,147
2020 2021 2022 2023 2024 2025 2026
3,525 3,830 4,149 4,489 4,851 5,221 5,765

2,910 3,048 6,312 5,651 3,568 5,960 6,175
27,834 26,385 26,587 26,119 29,091 27,712 28,174
9,841 1,598 1,646 1,696 1,747 1,799 1,853
44,109 34,861 38,694 37,955 39,257 40,692 41,966
- - - - - - -
44,109 34,861 38,694 37,955 39,257 40,692 41,966
100% 100% 100% 100% 100% 100% 100%
8,412 8,412 8,187 7,745 7,310 6,884 6,467

42,680 41,674 45,234 44,004 44,820 45,777 46,580
78,326 85,106 92,203 99,762 107,789 116,013 128,113

3,525 3,830 4,149 4,489 4,851 5,221 5,765
3,314 3,496 3,678 3,863 4,052 4,235 4,540
58,120 62,801 67,619 72,828 78,273 83,947 92,978
2,211 2,312 3,126 2,587 2,698 2,812 2,965

553 578 781 647 674 703 741
145 157 169 182 196 210 232
- - 2,236 2,236 - 2,236 2,236
2,910 3,048 6,312 5,651 3,568 5,960 6,175
- - (26,301) (26,301) - (26,301) (26,301)

- - 1,841 1,841 - 1,841 1,841
- - 395 395 - 395 395
- - 2,236 2,236 - 2,236 2,236
(219,838) (183,209) (271,473) (289,356) (202,477) (404,270) (297,068)

879 733 1,086 1,157 810 1,617 1,188
17,795 15,872 16,018 15,233 17,885 16,129 16,284

7,544 7,967 8,206 8,452 8,705 9,028 9,251
- - - - - - -
1,729 1,757 1,551 1,597 1,639 1,667 1,724
- - - - - - -
27,068 25,596 25,774 25,282 28,229 26,824 27,259
766 789 813 837 862 888 915

766 789 813 837 862 888 915
5% 5% 5% 5% 5% 5% 5%
5% 5% 5% 5% 5% 5% 5%
0% 0% 0% 0% 4% 25% 21%
4% 4% 4% 3% 3% 3% 3%
0% 0% 0% 0% 0% 0% 0%
12 12 12 12 12 12 12
- - - - - - -
27,834 26,385 26,587 26,119 29,091 27,712 28,174
8,855 583 600 618 637 656 676

478 492 507 522 538 554 571
508 523 539 555 572 589 607
9,841 1,598 1,646 1,696 1,747 1,799 1,853
11.4% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7%

3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%
3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%
6,484 414 414 414 414 414 414

350 350 350 350 350 350 350
372 372 372 372 372 372 372
7,206 1,136 1,136 1,136 1,136 1,136 1,136
2027 2028 2029 2030 2031 2032 2033
6,344 6,979 7,588 8,253 8,876 9,526 10,200

7,376 6,648 6,630 7,145 7,389 5,407 5,670
29,432 30,143 33,474 51,023 32,920 33,624 34,759
1,909 1,966 2,025 2,086 2,148 2,213 2,279
45,060 45,735 49,716 68,507 51,333 50,770 52,908
- - - - - - -
45,060 45,735 49,716 68,507 51,333 50,770 52,908
100% 100% 100% 100% 100% 100% 100%
6,104 5,673 4,975 4,045 2,974 1,913 979

49,255 49,443 52,666 70,466 52,159 50,470 51,608
140,981 155,092 168,621 183,398 197,250 211,679 226,666

6,344 6,979 7,588 8,253 8,876 9,526 10,200
4,850 5,181 5,468 5,774 6,030 6,282 6,531
102,646 113,293 123,438 134,513 144,122 154,071 164,494
3,907 3,303 3,474 3,658 3,834 4,017 4,207

977 826 868 915 959 1,004 1,052
257 283 309 336 360 385 411
2,236 2,236 1,979 2,236 2,236 - -
7,376 6,648 6,630 7,145 7,389 5,407 5,670
(26,301) (26,301) (23,280) (26,301) (26,301) - -

1,841 1,841 1,630 1,841 1,841 - -
395 395 349 395 395 - -
2,236 2,236 1,979 2,236 2,236 - -
(270,455) (400,439) (339,939) (404,176) (376,607) (305,942) (426,946)

1,082 1,602 1,360 1,617 1,506 1,224 1,708
17,205 17,628 20,498 37,528 19,183 19,481 20,211

9,513 9,798 10,109 10,554 10,707 11,028 11,359
- - - - - - -
1,772 1,747 1,867 1,912 1,971 2,023 2,065
- - - - - - -
28,490 29,172 32,474 49,994 31,860 32,532 33,634
942 970 999 1,029 1,060 1,092 1,125

942 970 999 1,029 1,060 1,092 1,125
5% 5% 5% 5% 5% 5% 5%
5% 5% 5% 5% 5% 5% 5%
0% 0% 0% 0% 0% 0% 0%
3% 3% 3% 3% 3% 3% 3%
0% 0% 0% 0% 0% 0% 0%
12 12 12 12 12 12 12
- - - - - - -
29,432 30,143 33,474 51,023 32,920 33,624 34,759
696 717 739 761 783 807 831

588 605 624 642 662 681 702
625 644 663 683 703 724 746
1,909 1,966 2,025 2,086 2,148 2,213 2,279
0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7%

3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%
3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 3.8%
414 414 414 414 414 414 414

350 350 350 350 350 350 350
372 372 372 372 372 372 372
1,136 1,136 1,136 1,136 1,136 1,136 1,136
2034 2035 2036 2037 2038 2039 2040
10,931 11,692 12,484 13,247 9,985 - -

7,445 5,582 5,095 4,587 3,548 1,036 -
37,778 35,209 36,474 37,870 38,444 32,435 -
2,347 2,418 2,490 2,565 2,642 1,729 -
58,502 54,902 56,543 58,270 54,620 35,200 -
- - - - - - -
58,502 54,902 56,543 58,270 54,620 35,200 -
100% 100% 100% 100% 100% 75% 0%
271 - - - - - -
56,425 52,484 54,053 55,705 51,978 33,471 -
242,918 259,832 277,417 294,386 221,899 - -

10,931 11,692 12,484 13,247 9,985 - -
6,796 7,057 7,315 7,536 5,515 - -
175,572 187,081 199,267 210,889 223,628 178,132 -
3,816 2,598 2,774 2,944 2,391 472 -

954 650 694 736 598 118 -
439 468 498 527 559 445 -
2,236 1,867 1,129 380 - - -
7,445 5,582 5,095 4,587 3,548 1,036 -
(26,301) (21,961) (13,282) (4,471) - - -

1,841 1,537 930 313 - - -
395 329 199 67 - - -
2,236 1,867 1,129 380 - - -
(623,036) (396,667) (277,417) (294,386) (209,354) (78,041) 0

2,492 1,587 1,110 1,178 837 312 (0)
23,651 21,007 21,930 22,874 23,036 20,505 -

11,719 12,133 12,412 12,805 13,168 10,189 -
- - - - - - -
1,996 2,051 2,115 2,173 2,222 1,727 -
- - - - - - -
37,366 35,192 36,456 37,852 38,425 32,420 -
412 17 18 19 19 15 -
412 17 18 19 19 15 -
5% 5% 5% 5% 5% 4% 0%
5% 5% 5% 5% 5% 4% 0%
4% 25% 21% 0% 0% 0% 0%
3% 3% 3% 3% 3% 1% 0%
0% 0% 0% 0% 0% 0% 0%
12 12 12 12 12 12 12
- - - - - - -
37,778 35,209 36,474 37,870 38,444 32,435 -
856 882 908 936 964 - -

723 745 767 790 814 838 -
768 791 815 840 865 891 -
2,347 2,418 2,490 2,565 2,642 1,729 -
0.7% 0.7% 0.7% 0.7% 0.7% 0.0% 0.0%

3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 0.0%
3.8% 3.8% 3.8% 3.8% 3.8% 3.8% 0.0%
414 414 414 414 414 - -

350 350 350 350 350 350 -
372 372 372 372 372 372 -
1,136 1,136 1,136 1,136 1,136 722 -
2041 2042 2043 2044
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
0% 0% 0% 0%
- - - -
- - - -
- - - -
- - - -
- - - -
x
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
12 12 12 12
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0%
- - - -
- - - -
- - - -
- - - -
x
Capex
COP M
Check (0)
2012
x Resumen Capex
UF 1 59,799 -
UF 2 429,018 -
UF 3 63,768 -
UF 4 65,524 -
UF 5 127,330 -
UF 6 196,619 -
Subcuentas 373,234 -
Total Capex 1,315,293 -
Total mantenimientos periodicos 462,867 -
x Capex
x Capex
Contador Obra Terminada

UF 1 Sep-17 0%
UF 2 Oct-18 0%
UF 3 Jan-21 0%
UF 4 Aug-18 0%
UF 5 Oct-18 0%
UF 6 Sep-19 0%
x Preconstrucción - Precio Global Fijo
Dec-12 Corrientes
UF 1 2,301 2,301 -
UF 2 2,301 2,301 -
UF 3 2,301 2,301 -
UF 4 2,301 2,301 -
UF 5 2,301 2,301 -
UF 6 1,849 1,849 -
Total Capex por UF 13,355 13,355 -
x Construcción - Precio Global Fijo
UF 2 USD 142,209
UF 2 COP 284,508
Corrientes
UF 1 57,491 57,498 -
UF 2 284,566 426,717 -
UF 3 61,467 61,467 -
UF 4 63,173 63,223 -
UF 5 125,278 125,029 -
UF 6 194,770 194,770 -
Total Capex por UF 786,745 928,703 -
x Subcuentas
Dec-12 Corrientes
Predios 175,608 193,772 -
Ambientales 62,304 68,853 -
Redes 20,606 22,892 -
Contingencias 52,414 64,018 -
Total subcuentas 310,932 349,535 -
Cronograma
Predios 100.0% 0.0%
Ambientales 100.0% 0.0%
Redes 100.0% 0.0%
Contingencias 100.0% 0.0%
x Construction Management
Dec-12
Environmental 5,971 7,949
Social 2,387 2,549
Rights of Way 5,715 5,306
Performance Bond 5,235 5,235
Arup Monitoring (USD) 180,000 2,660
Total 199,308 23,699 -
Cronograma
Environmental 100.00%
Social 100.00%
Rights of Way 100.00%
x
x Mantenimiento Mayores
Corrientes
Mantenimientos periódicos 462,867 -
Total mantenimientos periodicos 462,867 -
2013 2014 2015 2016 2017
- 63 1,351 8,443 38,295

- 63 25,605 101,607 218,658
- 63 1,351 309 -
- 63 1,351 14,328 49,036
- 63 1,351 24,232 48,177
- 50 1,086 3,393 30,478
- 52,629 136,202 109,444 41,837
- 52,993 168,298 261,756 426,481
- - - - -
0% 0% 0% 0% 100%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
- 63 1,351 309 578

- 63 1,351 309 578
- 63 1,351 309 -
- 63 1,351 309 578
- 63 1,351 309 578
- 50 1,086 248 464
- 364 7,843 1,795 2,775
- 13,073 29,542 76,293

- 11,181 71,755 141,787
- - - 8,134 37,718
- - 24,253 101,297 218,080
- - - - -
- - - 14,018 48,458
- - - 23,923 47,599
- - - 3,145 30,014
- - 24,253 150,517 381,869
- 30,139 103,849 59,783 -

- 22,482 13,274 32,906 -
- - 16,997 5,099 796
- - - - 34,678
- 52,621 134,120 97,788 35,474
0.0% 16.5% 54.1% 29.3% 0.0%

0.0% 34.8% 19.5% 45.5% 0.0%
0.0% 0.0% 75.5% 21.3% 3.2%
0.0% 0.0% 0.0% 0.0% 64.1%
- 8 2,081 2,122 2,686

- - - 718 880
- - - 3,032 2,275
- - - 5,235 -
- - - 549 523
- 8 2,081 11,656 6,363
0.1% 31.9% 30.6% 23.4%

0.0% 0.0% 25.9% 42.5%
0.0% 0.0% 45.7% 54.3%
- - - - -
- - - - -
2018 2019 2020 2021 2022 2023
6,880 4,766 - - - -
83,087 - - - - -
578 - 47,513 13,954 - -
746 - - - - -
53,508 - - - - -
126,023 35,588 - - - -
31,863 531 729 - - -
302,684 40,885 48,242 13,954 - -
- - - - - -
100% 100% 100% 100% 100% 100%

100% 100% 100% 100% 100% 100%
0% 0% 0% 100% 100% 100%
100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100%
0% 100% 100% 100% 100% 100%
- - - - - -
- - - - - -
578 - - - - -
- - - - - -
- - - - - -
- - - - - -
578 - - - - -
23,302 - - - - -
59,785 - - - - -
6,880 4,766 - - - -
83,087 - - - - -
- - 47,513 13,954 - -
746 - - - - -
53,508 - - - - -
126,023 35,588 - - - -
270,244 40,354 47,513 13,954 - -
- - - - - -
- - 191 - - -
- - - - - -
29,341 - - - - -
29,341 - 191 - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.2% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
30.2% 5.7% 0.0% 0.0% 0.0% 0.0%
1,052 - - - - -
952 - - - - -
- - - - - -
- - - - - -
518 531 538 - - -
2,522 531 538 - - -
14.0% 0.0% 0.0% 0.0% 0.0% 0.0%

31.6% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
2024 2025 2026 2027 2028 2029 2030
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- 86,059 30,589 - 19,964 20,563 -
100% 100% 100% 100% 100% 100% 100%

100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- 86,059 30,589 - 19,964 20,563 -

- 86,059 30,589 - 19,964 20,563 -
2031 2032 2033 2034 2035 2036 2037
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - 85,478 55,500 - 34,066 35,088
100% 100% 100% 100% 100% 100% 100%

100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - 85,478 55,500 - 34,066 35,088

- - 85,478 55,500 - 34,066 35,088
2038 2039 2040 2041 2042 2043 2044
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
89,226 6,334 - - - - -
100% 100% 100% 100% 100% 100% 100%

100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
100% 100% 100% 100% 100% 100% 100%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
x
89,226 6,334 - - - - -
89,226 6,334 - - - - -
Deuda
COP M
Check (0)
############ 2016
x Resumen - Saldos
x Instrumento financiero
Saldo incial -
Amortizaciones -
Saldo final 767,510
Intereses 25,080
Ing/Pérdida por valorización y diferencia en cambio (14,433)
x Obligaciones financieras
Saldo incial -
Desembolsos 23,718
Amortizaciones -
Saldo final 23,718
Intereses -
Comisiones de deuda -
x Deudas con accionistas
Saldo incial -
Desembolsos -
Amortizaciones -
Saldo final 260,973
Intereses -
Intereses por pagar -
Intereses Construcción por pagar Acumualdo -
x Emisión de Bonos
Notas Serie A USD

Saldo inicial 150,800,000 -
Desembolsos 150,800,000 150,800,000
Amortizaciones (150,800,000) -
Saldo Antes de Prepagos Obligatorios 150,800,000
Prepagos Obligatorios -
Saldo final 150,800,000
Notas Serie A COP M

Saldo inicial 438,074 -
Desembolsos 438,074
Amortizaciones (438,074) -
Saldo Antes de Prepagos Obligatorios 438,074
Prepagos Obligatorios -
Saldo final 438,074
Check dif en cambio -
Intereses 375,836 14,785

Diferencia en cambio 0 (14,433)
Cronograma de amortización 100.0% 0.00%
x Servicio de deuda base

USD
Saldo inicial 150,800,000 -
Desembolsos 150,800,000 150,800,000
Amortizaciones 150,800,000 -
Saldo final - 150,800,000
COP M
Desembolsos 438,074
Amortizaciones 438,074 -
Saldo final 438,074
Intereses 375,836 14,785

Diferencia en cambio 0
Serivicio de deuda base 14,785
x Notas Serie B UVR

Saldo inicial 1,358,773,564 -
Desembolsos 1,358,773,564 1,358,773,564
Amortizaciones (1,358,773,564) -
Saldo Antes de Prepagos Obligatorios 1,358,773,564
Prepagos Obligatorios (0)
Saldo final 1,358,773,564
Notas Serie B COP M

Saldo inicial -
Desembolsos 327,000 327,000
Valorización UVR 202,933 2,436
Saldo antes de amortizaciones 329,436
Amortizaciones (529,933) -
Saldo Antes de Prepagos Obligatorios ### 329,436
Prepagos Obligatorios (0)
Saldo final 329,436
Intereses 422,437 10,295

Valorización de UVR`s (2,436)
Cronograma de amortización 100.000% 0.00%

UVR
Saldo inicial 1,358,773,564 -
Desembolsos 1,358,773,564 1,358,773,564
Amortizaciones 1,358,773,564 -
Saldo final - 1,358,773,564
COP M
Desembolsos 319,801
Amortizaciones 522,215 -
Saldo final 319,801
Intereses 405,395 9,994
Serivicio de deuda base 9,994
x Deudas con Entidades Financieras
Bancolombia
Saldo Disponible 250,000
Saldo inicial
(+) Desembolsos 250,000 8,656
(-) Amortización (139,850)
Saldo final 8,656
Cronograma Amortización 100.00%
Comisión de disponibilidad 8,554

Intereses 108,596
Tasa de interés

Saldo inicial
(+) Desembolsos 249,657 8,656
Saldo final
Intereses
Banco de Bogotá
Saldo inicial
(+) Desembolsos 150,000 5,194
Saldo final 5,194

Intereses 109,909
Tasa de interés

Saldo inicial
(+) Desembolsos 149,794 5,194
(-) Amortización
Saldo final
Intereses
x Banco de Occidente
Saldo inicial
(+) Desembolsos 150,000 5,194
Saldo final 5,194

Intereses 109,909
Tasa de interés

Saldo inicial
(+) Desembolsos 149,794 5,194
Saldo final
Intereses
x Tramo C - Ashmore
Cupo disponible 135,000
Auxiliar Amortización UVR

Saldo incial
(+) Desembolsos 527,096,162 19,279,835
(-) Amortización (337,197,890)
Saldo Antes de Prepagos Obligatorios 19,279,835
Prepagos Obligatorios (189,898,273)
Cronograma
Tasa de interés
70,316,780
Saldo inicial
(+) Desembolsos 134,807 4,674
Valorizacion UVR 64,356
Saldo antes de amortizaciones 4,674
Saldo final 4,674
Intereses 159,987
Pérdida por valorización de UVR (64,549)

UVR
Saldo incial
(+) Desembolsos 527,089,327 19,279,835
(-) Amortización 527,089,327
COP M
Saldo incial
(+) Desembolsos 134,807 4,674
(-) Amortización
Saldo final 4,674
Intereses
x Subordinated Multipurpose Facility - FDN
Monto disponible 217,500
Saldo inicial
(+) Desembolsos - -
(-) Amortización -
Saldo final

Intereses -
Tasa de interés
Deudas con Accionistas

x
Saldo inicial -
(+) Desembolsos 386,777
(-) Amortizaciones 386,777
Saldo final - 260,973
Contador Pagos Restringidos 2034
Intereses Operación Causados 25,000
Intereses Por pagar
Intereses Operación
Intereses Construcción
Perfil Amortización
Tasa de interés
2017 2018 2019 2020 2021
767,510 780,997 792,656 803,648 815,164

- - - - -
780,997 792,656 803,648 815,164 826,476
51,003 51,367 52,075 52,778 53,492

(11,913) (11,659) (10,992) (11,516) (11,313)
23,718 376,686 687,550 691,814 696,281

352,775 308,314 - - -
- - - - -
376,686 687,550 691,814 696,281 680,651
16,287 43,287 56,086 56,410 45,787

24,633 17,065 11,164 8,412 8,412
- 285,206 386,777 386,777 386,777

- 101,571 - - -
- - - - -
285,206 386,777 386,777 386,777 386,777
- - - - -
20,620 22,511 26,688 27,848 26,688
20,620 43,132 69,819 97,667 124,355
150,800,000 150,800,000 150,800,000 150,800,000 150,800,000

- - - - -
- - - - -
150,800,000 150,800,000 150,800,000 150,800,000 150,800,000
- - - -
150,800,000 150,800,000 150,800,000 150,800,000 150,800,000
438,074 438,074 438,074 438,074 438,074

- - - - -
- - - - -
438,074 438,074 438,074 438,074 438,074
- - - -
438,074 438,074 438,074 438,074 438,074
29,570 29,570 29,570 29,570 29,570

(11,913) - - - -
0.00% 0.00% 0.00% 0.00% 0.00%
150,800,000 150,800,000 150,800,000 150,800,000 150,800,000

- - - - -
- - - - -
150,800,000 150,800,000 150,800,000 150,800,000 150,800,000
438,074 438,074 438,074 438,074 438,074

- - - - -
- - - - -
438,074 438,074 438,074 438,074 438,074
29,570 29,570 29,570 29,570 29,570

- - - - -
29,570 29,570 29,570 29,570 29,570
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564

- - - - -
- - - - -
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564
- - - -
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564
329,436 342,923 354,582 365,574 377,090

- - - - -
13,486 11,659 10,992 11,516 11,313
342,923 354,582 365,574 377,090 388,402
- - - - -
342,923 354,582 365,574 377,090 388,402
- - - -
342,923 354,582 365,574 377,090 388,402
21,433 21,797 22,505 23,208 23,922

(13,486) (11,659) (10,992) (11,516) (11,313)
0.00% 0.00% 0.00% 0.00% 0.00%
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564

- - - - -
- - - - -
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564
336,180 348,752 360,078 371,332 382,746

- - - - -
- - - - -
336,180 348,752 360,078 371,332 382,746
21,011 21,797 22,505 23,208 23,922
21,011 21,797 22,505 23,208 23,922
241,344 112,866 - - -
8,656 137,134 250,000 250,000 250,000

128,478 112,866 - - -
- - - - -
137,134 250,000 250,000 250,000 250,000
- - - (20,018)
137,134 250,000 250,000 250,000 229,982
0.0% 0.0% 0.0% 0.0% 0.0%
4,385 3,161 1,007 - -

5,467 14,518 18,750 18,750 16,799
7.5% 7.5% 7.5% 7.5% 7.0%
8,656 137,134 249,657 249,657 249,657

128,478 112,523 - - -
- - - - -
137,134 249,657 249,657 249,657 249,657
5,467 14,505 18,724 18,724 17,476

5,467 14,505 18,724 18,724 17,476
144,806 67,720 - - -
5,194 82,280 150,000 150,000 150,000

77,087 67,720 - - -
- - - - -
82,280 150,000 150,000 150,000 150,000
- - - -
82,280 150,000 150,000 150,000 150,000
0.0% 0.0% 0.0% 0.0% 0.0%
2,631 1,897 604 - -

3,936 10,453 13,500 13,500 9,000
9.0% 9.0% 9.0% 9.0% 6.0%
5,194 82,280 149,794 149,794 149,794

77,087 67,514 - - -
- - - - -
82,280 149,794 149,794 149,794 149,794
3,936 10,443 13,481 13,481 8,988

3,936 10,443 13,481 13,481 8,988
144,806 67,720 - - -
5,194 82,280 150,000 150,000 150,000

77,087 67,720 - - -
- - - -
82,280 150,000 150,000 150,000 150,000
- - - -
82,280 150,000 150,000 150,000 150,000
0.0% 0.0% 0.0% 0.0% 0.0%
2,631 1,897 604 - -

3,936 10,453 13,500 13,500 9,000
9.0% 9.0% 9.0% 9.0% 6.0%
5,194 82,280 149,794 149,794 149,794

77,087 67,514 - - -
- - - - -
82,280 149,794 149,794 149,794 149,794
3,936 10,443 13,481 13,481 8,988

3,936 10,443 13,481 13,481 8,988
130,326 60,009 - - -
19,279,835 297,139,955 527,096,162 527,096,162 527,096,162

277,860,120 229,956,207 - - -
- - - - -
297,139,955 527,096,162 527,096,162 527,096,162 527,096,162
- - - -
297,139,955 527,096,162 527,096,162 527,096,162 527,096,162
0% 0% 0% 0% 0%
7.4% 7.4% 7.4% 7.4% 7.4%
4,868
4,674 74,991 137,550 141,814 146,281
70,124 60,009 - - -
193 2,550 4,264 4,467 4,388
74,991 137,550 141,814 146,281 150,669
74,991 137,550 141,814 146,281 150,669

- - - -
74,991 137,550 141,814 146,281 150,669
2,948 7,864 10,336 10,660 10,987

(193) (2,550) (4,264) (4,467) (4,388)
2,368 1,699 536 - -
19,279,835 297,133,120 527,089,327 527,089,327 527,089,327
277,853,286 229,956,207 - - -
- - - - -
297,133,120 527,089,327 527,089,327 527,089,327 527,089,327
4,866 77,539 141,812 146,279 150,667

70,124 60,009 - - -
- - - - -
74,989 137,548 141,812 146,279 150,667
2,955 7,958 10,494 10,825 11,149

2,955 7,958 10,494 10,825 11,149
217,500 217,500 217,500 217,500 217,500
- - - - -
- - - - -
- - - - -
- - - - -
12,618 8,412 8,412 8,412 8,412

- - - - -
0.0% 0.0% 0.0% 0.0% 0.0%
285,206 386,777 386,777 386,777

101,571 - - -
- - - -
285,206 386,777 386,777 386,777 386,777
- - - 1
- - - -
- - - -
- - - - -
20,620 22,511 26,688 27,848 26,688
0% 0% 0% 0% 0%
7.23% 6.70% 6.90% 7.20% 6.90%

2022 2023 2024 2025 2026
826,476 815,182 802,691 788,904 773,727

(22,946) (24,493) (26,149) (27,910) (29,798)
815,182 802,691 788,904 773,727 757,044
53,435 52,573 51,625 50,585 49,445

(11,652) (12,002) (12,362) (12,733) (13,115)
680,651 643,952 554,863 520,034 440,229

- - - - -
(13,875) (59,225) (39,625) (51,125) (6,000)
643,952 554,863 520,034 440,229 407,911
44,003 39,679 35,420 31,675 28,796

8,187 7,745 7,310 6,884 6,467
386,777 386,777 386,777 386,777 386,777

- - - - -
- - - - -
386,777 386,777 386,777 386,777 386,777
26,301 - - 26,301 26,301

- - - - -
124,355 124,355 124,355 124,355 124,355
150,800,000 142,901,096 134,469,868 125,468,616 115,861,148

- - - - -
(7,898,904) (8,431,228) (9,001,252) (9,607,468) (10,257,416)
142,901,096 134,469,868 125,468,616 115,861,148 105,603,732
- - - - -
142,901,096 134,469,868 125,468,616 115,861,148 105,603,732
438,074 415,128 390,635 364,486 336,577

- - - - -
(22,946) (24,493) (26,149) (27,910) (29,798)
415,128 390,635 364,486 336,577 306,779
- - - - -
415,128 390,635 364,486 336,577 306,779
28,796 27,194 25,485 23,661 21,713

- 0 - - -
5.24% 5.59% 5.97% 6.37% 6.80%
150,800,000 142,901,096 134,469,868 125,468,616 115,861,148

- - - - -
7,898,904 8,431,228 9,001,252 9,607,468 10,257,416
142,901,096 134,469,868 125,468,616 115,861,148 105,603,732
438,074 415,128 390,635 364,486 336,577

- - - - -
22,946 24,493 26,149 27,910 29,798
415,128 390,635 364,486 336,577 306,779
28,796 27,194 25,485 23,661 21,713

- 0 - - -
51,742 51,687 51,634 51,571 51,511
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564

- - - - -
- - - - -
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564
- (0) - (0) -
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564
388,402 400,055 412,056 424,418 437,150

- - - - -
11,652 12,002 12,362 12,733 13,115
400,055 412,056 424,418 437,150 450,265
- - - - -
400,055 412,056 424,418 437,150 450,265
- (0) - (0) -
400,055 412,056 424,418 437,150 450,265
24,639 25,378 26,140 26,924 27,732

(11,652) (12,002) (12,362) (12,733) (13,115)
0.00% 0.00% 0.00% 0.00% 0.00%
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564

- - - - -
- - - - -
1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564 1,358,773,564
394,229 406,055 418,237 430,784 443,708

- - - - -
- - - - -
394,229 406,055 418,237 430,784 443,708
24,639 25,378 26,140 26,924 27,732
24,639 25,378 26,140 26,924 27,732
- - - - -
229,982 194,763 107,018 73,393 0

- - - - -
(7,875) (53,225) (33,625) (45,125) (0)
222,107 141,538 73,393 28,268 -
(27,343) (34,520) - (28,268) -
194,763 107,018 73,393 (0) -
3.2% 21.3% 13.5% 18.1% 14.5%
- - - - -
14,866 10,562 6,314 2,569 0
7.0% 7.0% 7.0% 7.0% 7.0%
249,657 241,793 188,641 155,062 109,999

- - - - -
(7,864) (53,152) (33,579) (45,063) (36,075)
241,793 188,641 155,062 109,999 73,924
17,201 15,065 12,030 9,277 6,437

25,065 68,217 45,609 54,340 42,513
- - - - -
150,000 147,000 144,000 141,000 135,325

- - - - -
(3,000) (3,000) (3,000) (3,000) (3,000)
147,000 144,000 141,000 138,000 132,325
- (0) - (2,675) (15,703)
147,000 144,000 141,000 135,325 116,622
2.0% 2.0% 2.0% 2.0% 2.0%
- - - - -
8,910 8,730 8,550 8,370 8,029
6.0% 6.0% 6.0% 6.0% 6.0%
149,794 146,799 143,803 140,807 137,811

- - - - -
(2,996) (2,996) (2,996) (2,996) (2,996)
146,799 143,803 140,807 137,811 134,815
8,898 8,718 8,538 8,359 8,179

11,894 11,714 11,534 11,354 11,175
- - - - -
150,000 147,000 144,000 141,000 135,325

- - - - -
(3,000) (3,000) (3,000) (3,000) (3,000)
147,000 144,000 141,000 138,000 132,325
- (0) - (2,675) (15,703)
147,000 144,000 141,000 135,325 116,622
2.0% 2.0% 2.0% 2.0% 2.0%
- - - - -
8,910 8,730 8,550 8,370 8,029
6.0% 6.0% 6.0% 6.0% 6.0%
149,794 146,799 143,803 140,807 137,811

- - - - -
(2,996) (2,996) (2,996) (2,996) (2,996)
146,799 143,803 140,807 137,811 134,815
8,898 8,718 8,538 8,359 8,179

11,894 11,714 11,534 11,354 11,175
- - - - -
527,096,162 527,096,162 527,096,162 527,096,162 527,096,162

- - - - -
- - - - -
527,096,162 527,096,162 527,096,162 527,096,162 527,096,162
- (0) - (0) -
527,096,162 527,096,162 527,096,162 527,096,162 527,096,162
0% 0% 0% 0% 0%
7.4% 7.4% 7.4% 7.4% 7.4%
150,669 155,189 159,845 164,640 169,580

- - - - -
4,520 4,656 4,795 4,939 5,087
155,189 159,845 164,640 169,580 174,667
- - - - -
155,189 159,845 164,640 169,580 174,667
- (0) - (0) -
155,189 159,845 164,640 169,580 174,667
11,317 11,656 12,006 12,366 12,737

(4,520) (4,656) (4,795) (4,939) (5,087)
- - - - -
527,089,327 527,089,327 527,089,327 527,089,327 527,089,327
- - - - -
- - - - -
527,089,327 527,089,327 527,089,327 527,089,327 527,089,327
155,187 159,843 164,638 169,577 174,665

- - - - -
- - - - -
155,187 159,843 164,638 169,577 174,665
11,484 11,828 12,183 12,549 12,925

11,484 11,828 12,183 12,549 12,925
205,865 194,647 183,382 172,612 161,813
- - - - -
- - - - -
- - - - -
- - - - -
8,187 7,745 7,310 6,884 6,467

- - - - -
0.0% 0.0% 0.0% 0.0% 0.0%
386,777 386,777 386,777 386,777 386,777

- - - - -
- - - - -
386,777 386,777 386,777 386,777 386,777
1 - - 1 1
26,301 26,301 26,301 26,301 26,301
- 26,301 26,301 - -
26,301 - - 26,301 26,301

- - - - -
0% 0% 0% 0% 0%
6.80% 6.80% 6.80% 6.80% 6.80%

2027 2028 2029 2030 2031
757,044 738,743 673,464 604,321 513,515

(31,809) (79,192) (82,117) (102,793) (128,696)
738,743 673,464 604,321 513,515 395,242
48,198 46,835 42,479 37,863 31,857

(13,508) (13,913) (12,973) (11,987) (10,423)
407,911 368,787 301,067 211,896 111,487

- - - - -
(6,000) (35,548) (53,794) (60,867) (33,900)
368,787 301,067 211,896 111,487 31,970
26,934 23,656 18,860 13,056 7,119

6,104 5,673 4,975 4,045 2,974
386,777 386,777 386,777 386,777 386,777

- - - - -
- - - - -
386,777 386,777 386,777 386,777 386,777
26,301 26,301 23,464 26,301 26,301

- - - - -
124,355 124,355 124,355 124,355 124,355
105,603,732 94,654,144 82,965,636 70,488,444 57,169,788

- - - - -
(10,949,588) (11,688,508) (12,477,192) (13,318,656) (14,218,932)
94,654,144 82,965,636 70,488,444 57,169,788 42,950,856
- - - - -
94,654,144 82,965,636 70,488,444 57,169,788 42,950,856
306,779 274,970 241,015 204,769 166,078

- - - - -
(31,809) (33,955) (36,246) (38,691) (41,306)
274,970 241,015 204,769 166,078 124,772
- - - - -
274,970 241,015 204,769 166,078 124,772
19,634 17,415 15,045 12,516 9,816

0 - - - -
7.26% 7.75% 8.27% 8.83% 9.43%
105,603,732 94,654,144 82,965,636 70,488,444 57,169,788

- - - - -
10,949,588 11,688,508 12,477,192 13,318,656 14,218,932
94,654,144 82,965,636 70,488,444 57,169,788 42,950,856
306,779 274,970 241,015 204,769 166,078

- - - - -
31,809 33,955 36,246 38,691 41,306
274,970 241,015 204,769 166,078 124,772
19,634 17,415 15,045 12,516 9,816

0 - - - -
51,443 51,370 51,291 51,207 51,122
1,358,773,564 1,358,773,564 1,230,097,707 1,103,419,248 931,547,980

- - - - -
- (128,675,856) (126,678,459) (171,871,268) (227,485,870)
1,358,773,564 1,230,097,707 1,103,419,248 931,547,980 704,062,110
- - - - -
1,358,773,564 1,230,097,707 1,103,419,248 931,547,980 704,062,110
450,265 463,773 432,449 399,552 347,436

- - - - -
13,508 13,913 12,973 11,987 10,423
463,773 477,686 445,423 411,539 357,859
- (45,237) (45,871) (64,102) (87,390)
463,773 432,449 399,552 347,436 270,469
- - - - -
463,773 432,449 399,552 347,436 270,469
28,564 29,421 27,433 25,347 22,040

(13,508) (13,913) (12,973) (11,987) (10,423)
0.00% 9.47% 9.32% 12.65% 16.74%
1,358,773,564 1,358,773,564 1,230,097,707 1,103,419,248 931,547,980

- - - - -
- 128,675,856 126,678,459 171,871,268 227,485,870
1,358,773,564 1,230,097,707 1,103,419,248 931,547,980 704,062,110
457,019 470,729 438,936 405,545 352,648

- - - - -
- 44,578 45,203 63,169 86,117
457,019 426,151 393,733 342,377 266,531
28,564 28,028 26,021 23,373 19,349
28,564 72,606 71,224 86,541 105,467
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
29.6% 0.0% 0.0% 0.0% 0.0%
- - - - -
- - - - -
7.0% 7.0% 7.0% 7.0% 7.0%
73,924 - - - -
- - - - -
(73,924) - - - -
- - - - -
2,587 - - - -
76,511 - - - -
- - - - -
116,622 94,440 66,656 28,451 (0)

- - - - -
(3,000) (9,000) (18,000) (18,000) 0
113,622 85,440 48,656 10,451 -
(19,182) (18,784) (20,205) (10,451) -
94,440 66,656 28,451 0 -
2.0% 6.0% 12.0% 12.0% 12.0%
- - - - -
6,907 5,396 3,459 1,167 (0)
6.0% 6.0% 6.0% 6.0% 6.0%
134,815 131,819 122,831 104,856 86,881

- - - - -
(2,996) (8,988) (17,975) (17,975) (17,975)
131,819 122,831 104,856 86,881 68,905
7,999 7,640 6,831 5,752 4,674

10,995 16,627 24,806 23,727 22,649
- - - - -
116,622 94,440 66,656 28,451 (0)

- - - - -
(3,000) (9,000) (18,000) (18,000) 0
113,622 85,440 48,656 10,451 -
(19,182) (18,784) (20,205) (10,451) -
94,440 66,656 28,451 0 -
2.0% 6.0% 12.0% 12.0% 12.0%
- - - - -
6,907 5,396 3,459 1,167 (0)
6.0% 6.0% 6.0% 6.0% 6.0%
134,815 131,819 122,831 104,856 86,881

- - - - -
(2,996) (8,988) (17,975) (17,975) (17,975)
131,819 122,831 104,856 86,881 68,905
7,999 7,640 6,831 5,752 4,674

10,995 16,627 24,806 23,727 22,649
- - - - -
527,096,162 527,096,162 477,180,156 428,038,980 298,919,226

- - - - -
- (49,916,007) (49,141,175) (66,672,394) (88,246,439)
527,096,162 477,180,156 428,038,980 361,366,587 210,672,786
- - - (62,447,361) (127,450,912)
527,096,162 477,180,156 428,038,980 298,919,226 83,221,875
0% 9.47% 9.32% 12.65% 16.74%

7.4% 7.4% 7.4% 7.4% 7.4%
174,667 179,907 167,756 154,994 111,487

- - - - -
5,240 5,397 5,033 4,650 3,345
179,907 185,304 172,789 159,644 114,831
- (17,548) (17,794) (24,867) (33,900)
179,907 167,756 154,994 134,778 80,931
- - - (23,291) (48,961)
179,907 167,756 154,994 111,487 31,970
13,119 12,864 11,942 10,722 7,119

(5,240) (5,397) (5,033) (4,650) (3,345)
- - - - -
527,089,327 527,089,327 477,173,968 428,033,430 361,361,901
- - - - -
- 49,915,359 49,140,538 66,671,529 88,245,295
527,089,327 477,173,968 428,033,430 361,361,901 273,116,606
179,905 185,302 172,786 159,642 138,819

- - - - -
- 17,548 17,794 24,866 33,900
179,905 167,754 154,992 134,776 104,919
13,313 13,063 12,128 10,893 9,018

13,313 30,611 29,922 35,760 42,918
153,831 139,550 117,701 91,486 62,311
- - - - -
- - - - -
- - - - -
- - - - -
6,104 5,673 4,975 4,045 2,974

- - - - -
0.0% 0.0% 0.0% 0.0% 0.0%
386,777 386,777 386,777 386,777 386,777

- - - - -
- - - - -
386,777 386,777 386,777 386,777 386,777
1 1 1 1 1
26,301 26,301 26,301 26,301 26,301
- - 2,837 - -
26,301 26,301 23,464 26,301 26,301

- - - - -
0% 0% 0% 0% 0%
6.80% 6.80% 6.80% 6.80% 6.80%

2032 2033 2034 2035 2036 2037
395,242 280,010 125,927 (0) - -

(123,346) (160,063) (128,696) - - -
280,010 125,927 (0) - - -
24,092 16,502 6,991 (0) - -

(8,114) (5,980) (2,769) 0 - -
31,970 2,185 - - - -
- - - - - -
(30,744) (2,251) - - - -
2,185 - - - - -
1,264 81 - - - -
1,913 979 271 - - -
386,777 386,777 386,777 386,777 259,141 131,504

- - - - - -
- - - 127,636 127,636 131,504
386,777 386,777 386,777 259,141 131,504 -
- - 26,301 21,961 13,282 4,471

- - - - - -
124,355 124,355 124,355 124,355 124,355 124,355
42,950,856 27,772,836 11,570,884 - - -

- - - - - -
(15,178,020) (16,201,952) (11,570,884) - - -
27,772,836 11,570,884 - - - -
- - - - - -
27,772,836 11,570,884 - - - -
124,772 80,680 33,613 - - -

- - - - - -
(44,092) (47,067) (33,613) - - -
80,680 33,613 - - - -
- - - - - -
80,680 33,613 - - - -
6,934 3,857 1,134 - - -

- - - - - -
10.07% 10.74% 7.67% 0.00% 0.00% 0.00%
42,950,856 27,772,836 11,570,884 - - -

- - - - - -
15,178,020 16,201,952 11,570,884 - - -
27,772,836 11,570,884 - - - -
124,772 80,680 33,613 - - -

- - - - - -
44,092 47,067 33,613 - - -
80,680 33,613 - - - -
6,934 3,857 1,134 - - -

- - - - - -
51,026 50,924 34,748 - - -
704,062,110 503,765,299 226,507,553 - - -

- - - - - -
(200,296,811) (277,257,746) (226,507,553) - - -
503,765,299 226,507,553 - - - -
- - - - - -
503,765,299 226,507,553 - - - -
270,469 199,330 92,313 (0) - -

- - - - - -
8,114 5,980 2,769 (0) - -
278,583 205,310 95,083
(79,253) (112,997) (95,083) - - -
199,330 92,313 (0) - - -
- - - - - -
199,330 92,313 (0) - - -
17,158 12,645 5,856 (0) - -

(8,114) (5,980) (2,769) 0 - -
14.74% 20.41% 16.67% 0.00% 0.00% 0.00%
704,062,110 503,765,299 226,507,553 - - -

- - - - - -
200,296,811 277,257,746 226,507,553 - - -
503,765,299 226,507,553 - - - -
274,526 202,320 93,698 - - -

- - - - - -
78,099 111,351 93,698 - - -
196,427 90,969 - - - -
14,717 9,165 2,928 - - -
92,817 120,516 96,626 - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
7.0% 7.0% 7.0% 7.0% 7.0% 7.0%
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
14.0% 14.0% 18.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
68,905 47,934 26,963 0 0 0

- - - - - -
(20,971) (20,971) (26,963) - - -
47,934 26,963 0 0 0 0
3,505 2,247 809 0 0 0

24,476 23,218 27,772 0 0 0
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
14.0% 14.0% 18.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
68,905 47,934 26,963 0 0 0

- - - - - -
(20,971) (20,971) (26,963) - - -
47,934 26,963 0 0 0 0
3,505 2,247 809 0 0 0

24,476 23,218 27,772 0 0 0
- - - - - -
83,221,875 5,522,630 - - - -
- - - - - -
(77,699,245) (5,522,630) - - - -
5,522,630 - - - - -
- - - - - -
5,522,630 - - - - -
14.74% 20.40% 16.67% 0% 0% 0%

7.4% 7.4% 7.4% 7.4% 7.4% 7.4%
31,970 2,185 - - - -
- - - - - -
959 66 - - - -
32,929 2,251 - - - -
(30,744) (2,251) - - - -
2,185 - - - - -
- - - - - -
2,185 - - - - -
1,264 81 - - - -
(959) (66) - - - -
- - - - - -
273,116,606 195,418,368 87,865,791 - - -
- - - - - -
77,698,238 107,552,577 87,865,791 - - -
195,418,368 87,865,791 - - - -
108,067 79,643 36,884 - - -

- - - - - -
30,744 43,833 36,884 - - -
77,323 35,810 - - - -
6,859 4,272 1,365 - - -

37,603 48,105 38,249 - - -
36,600 14,004 - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1,913 979 271 - - -

- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
386,777 386,777 386,777 386,777 259,141 131,504

- - - - - -
- - - 127,636 127,636 131,504
386,777 386,777 386,777 259,141 131,504 -
- - 1 1 1 1
26,301 26,301 26,301 21,961 13,282 4,471
26,301 26,301 - - - -
- - 26,301 21,961 13,282 4,471

- - - - - -
0% 0% 0% 33% 33% 34%
6.80% 6.80% 6.80% 6.80% 6.80% 6.80%

2038 2039 2040 2041 2042 2043
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
124,355 124,355 124,355 124,355 124,355 124,355
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
7.0% 7.0% 7.0% 7.0% 7.0% 7.0%
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
0 0 0 0 0 0
- - - - - -
- - - - - -
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
0 0 0 0 0 0
- - - - - -
- - - - - -
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0% 0% 0% 0% 0% 0%
7.4% 7.4% 7.4% 7.4% 7.4% 7.4%
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
- - - - - -
- - - - - -
- - - - - -
- - - - - -
1 1 1 1 1 1
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0% 0% 0% 0% 0% 0%
6.80% 6.80% 6.80% 6.80% 6.80% 6.80%

2044
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
124,355
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0.00%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0.00%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0.0%
-
-
7.0%
-
-
-
-
-
-
-
-
-
-
-
-
0.0%
-
-
6.0%
0
-
-
0
0
0
-
-
-
-
-
-
0.0%
-
-
6.0%
0
-
-
0
0
0
-
-
-
-
-
-
0%
7.4%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0.0%
x
-
-
-
-
-
-
0%
6.80%
“Este archivo, en donde aparece discriminado el Opex de la Concesión Costera
Cartagena Barranquilla S.A.S., es una estimación efectuada única y exclusivamente p
Constructora Colpatria S.A. y no ha sido discutida ni presentada a los demás accionist
de Concesión Costera Cartagena Barranquilla S.A.S. ni a la administración de la mism
En el mes de enero de 2019 se presentará a los demás accionistas de Concesión
Costera Cartagena Barranquilla S.A.S y a la administración y se definirá el Opex de la
Concesión Costera Cartagena Barranquilla S.A.S., el cual se pondrá en conocimiento
todos los interesados potenciales inversionistas.
Consecuentemente con lo anterior, este archivo se pone a disposición con fines

exclusivamente informativos, tiene carácter indicativo y no representa un documento
oficial de la Concesión Costera Cartagena Barranquilla S.A.S.”
Soportes
Operations & Administration

Routine Maintenance
Toll Collection Fee
Major Maintenance
Administrativo y Operación
Anexo 3 "Financiación" Transaction Costs

Anexo 4 "Pólizas" Insurance
Mayor Valor Opex 2017-2018
Total Proyecto
Valor Adicional Absorbido

Viáticos Policia Nacional
Total Proyecto
Anexo 1 "Operaciones" Costo Operación

Anexo 1 "Operaciones" Costos ITS
Anexo 1 "Operaciones" Máquinaria
Anexo 2 "Administrativo" Administrativo
Anexo 5 "Impuestos" Impuestos
Anexo 1 "Operaciones" Mantenimiento Rutinario

Anexo 1 "Operaciones" Túnel de Crespo
Anexo 1 "Operaciones" Areas de Servicios
Anexo 1 "Operaciones" Estaciones de Pesaje
Routine Maintenance
Anexo 1 "Operaciones" Estaciones de Peaje

Toll Collection Fee
Anexo 1 "Operaciones" Costos Mantenimiento Periódico
Major Maintenance (Periódico)

Routine Maintenance
Replacement of Systems
Insurance
Transaction Costs
Major Maintenance
Trust Costs
Hedging Costs
Toll Collection Fees
Total
Impuestos corrientes
O&M Anual
-Impuestos Corrientes
Routine Maintenance
Toll Collection Fee
Major Maintenance
Administrativo y Operación
Transaction Costs
Insurance
Mayor Valor Opex 2017-2018
Total Proyecto
Valor Adicional Absorbido

Viáticos Policia Nacional
Total Proyecto
nado el Opex de la Concesión Costera
stimación efectuada única y exclusivamente por
discutida ni presentada a los demás accionistas
quilla S.A.S. ni a la administración de la misma.
rá a los demás accionistas de Concesión
a la administración y se definirá el Opex de la
lla S.A.S., el cual se pondrá en conocimiento de
onistas.
archivo se pone a disposición con fines

ter indicativo y no representa un documento
na Barranquilla S.A.S.”
Jan-17 Feb-17 Mar-17

PPTO. REV. COLPATRIA 2017 2017 2017
399,667,884,041 1,125,966,364 871,711,011 806,847,912

162,841,145,042 216,668,254 293,020,168 504,308,002
79,654,053,641 0 0 0
306,500,307,323 0 0 0
948,663,390,047 1,342,634,618 1,164,731,179 1,311,155,914
14,800,483,999 22,468,553 15,983,657 19,301,490

32,732,379,098 0 120,487,567 48,746,184
996,196,253,144 1,365,103,171 1,301,202,403 1,379,203,588
8,276,944,680
987,919,308,464
183,854,267,143 205,946,212 181,871,965 126,050,055

67,412,745,196 - - -
1,554,039,519 - - -
95,508,297,915 734,581,271 565,976,233 478,216,228
51,338,534,269 185,438,880 123,862,813 202,581,629
399,667,884,041 1,125,966,364 871,711,011 806,847,912
72,872,452,478 216,668,254 293,020,168 504,308,002

52,920,000,000 - - -
15,120,000,000 - - -
21,928,692,564 - - -
162,841,145,042 216,668,254 293,020,168 504,308,002
79,654,053,641 - - -
79,654,053,641 - - -
306,500,307,323 - - -
306,500,307,323 - - -
879,620,809 740,571,886 744,139,320

113,306,469 113,306,469 113,306,469
0 0 0
0 0 0
707,771,978 0 0
0 0 0
20,191,314 20,191,314 20,191,314
0 0 0
0 0 0
1,720,890,571 874,069,669 877,637,104
185,438,880 123,862,813 202,581,629
COP M (Dic-2018) 2017 2018 2019

399,668 14,299 15,496 16,137
(51,339) (3,320) (1,567) (1,638)
162,841 4,275 3,452 2,290
79,654 - 672 1,344
306,500 - - -
948,663 18,573 19,620 19,772
-
14,800 2,882 795 720
32,732 517 1,270 1,554
- - - -
996,196 21,973 21,686 22,046

-
- - - -
(8,277) (114) (196) (196)
-
987,919 21,858 21,490 21,851
Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17
2017 2017 2017 2017 2017 2017
1,264,216,207 828,660,610 1,258,369,390 1,328,098,385 1,546,425,445 1,025,745,879

318,147,582 281,273,084 308,183,887 331,591,257 318,808,641 375,065,603
0 0 0 0 0 0
0 0 0 0 0 0
1,582,363,789 1,109,933,694 1,566,553,277 1,659,689,642 1,865,234,086 1,400,811,482
1,410,075 26,151,128 1,785,432,613 108,817,920 25,027,305 586,033,776

48,746,184 133,158,380 6,819,293 6,819,293 45,678,456 56,859,657
1,632,520,048 1,269,243,202 3,358,805,183 1,775,326,855 1,935,939,847 2,043,704,915
16,318,980 16,318,980 16,318,980 16,318,980
315,825,586 176,854,774 389,009,147 358,560,290 308,851,829 275,572,882

- - - - - -
- - - - - -
636,683,914 466,465,772 623,215,861 489,830,480 920,322,172 534,334,534
311,706,707 185,340,064 246,144,382 479,707,615 317,251,444 215,838,463
1,264,216,207 828,660,610 1,258,369,390 1,328,098,385 1,546,425,445 1,025,745,879
318,147,582 281,273,084 308,183,887 331,591,257 318,808,641 375,065,603

- - - - - -
- - - - - -
- - - - - -
318,147,582 281,273,084 308,183,887 331,591,257 318,808,641 375,065,603
- - - - - -
- - - - - -
- - - - - -
- - - - - -
740,571,886 744,139,320 740,571,886 744,139,320 740,571,886 744,139,320

113,306,469 303,615,581 303,615,581 303,615,581 303,615,581 303,615,581
0 0 0 0 0 0
0 143,140,731 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 104,412,007 0 0 0
0 0 0 0 0 0
874,069,669 1,211,086,946 1,168,790,788 1,067,946,215 1,064,378,781 1,067,946,215
311,706,707 185,340,064 246,144,382 479,707,615 317,251,444 215,838,463
2020 2021 2022 2023 2024 2025

19,180 17,140 16,455 15,392 17,253 15,403
(2,077) (2,279) (1,888) (1,914) (1,941) (1,951)
7,093 7,273 7,273 7,273 7,273 7,323
3,697 3,697 3,697 3,697 3,697 3,697
- - - - - 69,804
29,971 28,110 27,425 26,362 28,223 96,228
720 720 720 720 720 720

1,626 1,604 1,375 1,374 1,369 1,352
- - - - - -
32,317 30,434 29,520 28,457 30,312 98,300
- - - - - -
(370) (370) (370) (370) (370) (370)
31,947 30,064 29,150 28,087 29,942 97,930

Oct-17 Nov-17 Dec-17 Jan-18 Feb-18
2017 2017 2017 2018 2018
1,373,321,428 1,310,834,342 1,558,520,565 1,220,149,332 1,311,273,759

205,744,067 315,063,373 806,852,916 240,648,934 265,536,506
0 0 0 0 0
0 0 0 0 0
1,579,065,495 1,625,897,715 2,365,373,481 1,460,798,266 1,576,810,265
0 291,250,523 0 246,412,711 32,344,652

0 26,914,805 23,141,973 30,358,117 25,210,618
1,579,065,495 1,944,063,043 2,388,515,454 1,737,569,094 1,634,365,535
16,318,980 16,318,980 16,318,980 16,318,980 16,318,980
361,069,719 292,011,299 262,990,240 327,160,037 393,288,370

- - - 56,203,125 56,203,125
- - - 10,855,784 10,855,784
659,307,131 734,262,651 880,487,254 692,796,711 736,057,697
352,944,578 284,560,393 415,043,071 133,133,675 114,868,784
1,373,321,428 1,310,834,342 1,558,520,565 1,220,149,332 1,311,273,759
205,744,067 315,063,373 806,852,916 240,648,934 265,536,506

- - - - -
- - - - -
- - - - -
205,744,067 315,063,373 806,852,916 240,648,934 265,536,506
- - - - -
- - - - -
- - - - -
- - - - -
740,571,886 744,139,320 740,571,886 722,465,359 719,001,831

303,615,581 303,615,581 303,615,581 303,615,581 303,615,581
0 0 0 0 0
0 2,771,714,393 0 0 0
0 0 0 707,771,978 0
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
0 0 0 0 0
3,513,627,774
1,064,378,781 3,839,660,608 1,064,378,781 1,754,044,232 1,042,808,726
352,944,578 284,560,393 415,043,071 133,133,675 114,868,784
2026 2027 2028 2029 2030

15,445 15,533 15,642 17,228 28,937
(2,252) (2,009) (2,187) (2,086) (2,310)
7,285 7,273 7,273 7,285 7,384
3,697 3,697 3,697 3,697 3,697
24,089 - 14,819 14,819 -
50,516 26,503 41,431 43,030 40,018
720 720 720 720 720

1,358 1,355 1,297 1,346 1,338
- - - - -
52,594 28,578 43,448 45,096 42,077
- - - - -
(370) (370) (370) (370) (370)
52,224 28,208 43,078 44,726 41,707

Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18
2018 2018 2018 2018 2018 2018
1,460,274,558 1,074,140,892 1,143,202,741 1,269,043,788 1,255,039,649 1,205,941,955

244,168,811 203,565,984 297,744,071 323,771,753 287,304,071 290,504,071
0 0 0 96,000,000 108,000,000 96,000,000
0 0 0 0 0 0
1,704,443,369 1,277,706,876 1,440,946,811 1,688,815,542 1,650,343,719 1,592,446,026
32,344,652 32,344,652 21,710,961 32,344,652 229,127,961 21,710,961

99,691,819 56,828,625 177,333,964 65,116,367 27,467,261 26,731,601
1,836,479,840 1,366,880,153 1,639,991,736 1,786,276,561 1,906,938,941 1,640,888,588
16,318,980 16,318,980 16,318,980 16,318,980 16,318,980 16,318,980
685,005,189 350,988,348 396,571,815 420,322,968 443,351,945 410,513,786

56,203,125 56,203,125 56,203,125 99,064,714 102,314,714 102,314,714
10,855,784 10,855,784 10,855,784 10,855,784 17,098,471 17,098,471
581,320,452 534,012,788 550,322,337 610,415,347 537,710,512 544,270,028
126,890,008 122,080,848 129,249,679 128,384,975 154,564,007 131,744,956
1,460,274,558 1,074,140,892 1,143,202,741 1,269,043,788 1,255,039,649 1,205,941,955
244,168,811 203,565,984 273,633,359 299,661,041 263,193,359 266,393,359

- - - - - -
- - - - - -
- - 24,110,712 24,110,712 24,110,712 24,110,712
244,168,811 203,565,984 297,744,071 323,771,753 287,304,071 290,504,071
- - - 96,000,000 108,000,000 96,000,000

- - - 96,000,000 108,000,000 96,000,000
- - - - - -
- - - - - -
722,465,359 719,001,831 722,465,359 719,001,831 722,465,359 715,593,279

303,615,581 303,615,581 476,282,653 476,282,653 476,282,653 476,282,653
0 0 0 0 0 0
0 0 216,099,474 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 104,476,516 0 0 0
0 0 0 87,877,436 90,899,158 90,991,632
1,046,272,254 1,042,808,726 1,539,515,317 1,303,353,235 1,309,838,485 1,303,058,879
126,890,008 122,080,848 129,249,679 128,384,975 154,564,007 131,744,956
2031 2032 2033 2034 2035 2036

15,538 15,387 15,516 17,319 15,709 15,532
(2,137) (2,169) (2,205) (2,246) (2,660) (2,311)
7,273 7,273 7,273 7,285 7,323 7,273
3,697 3,697 3,697 3,697 3,697 3,697
- - 54,732 34,502 - 19,962
26,508 26,357 81,218 62,803 26,729 46,464
720 720 720 256 11 11

1,339 1,335 1,322 1,241 1,238 1,239
- - - - - -
28,566 28,412 83,260 64,300 27,977 47,713
- - - - - -
(370) (370) (370) (370) (370) (370)
28,196 28,042 82,890 63,930 27,607 47,343

Sep-18 Oct-18 Nov-18 Dec-18 Jan-19
2018 2018 2018 2018 2019
1,168,561,210 1,246,597,906 1,261,378,167 1,880,539,885 1,264,879,096

412,704,071 287,304,071 287,304,071 311,771,753 176,172,357
84,000,000 84,000,000 96,000,000 108,000,000 140,039,102
0 0 0 0 0
1,665,265,281 1,617,901,977 1,644,682,237 2,300,311,638 1,581,090,555
32,344,652 32,344,652 32,344,652 49,366,561 246,412,711

30,875,769 388,829,200 171,214,679 170,660,034 191,527,504
1,728,485,702 2,039,075,829 1,848,241,568 2,520,338,233 2,019,030,770
16,318,980 16,318,980 16,318,980 16,318,980 16,318,980
412,691,192 457,671,305 483,170,532 484,130,961 436,743,225

102,314,714 102,314,714 102,314,714 112,314,714 114,064,714
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
508,068,624 536,337,563 530,254,981 1,131,312,555 545,364,115
128,388,209 133,175,853 128,539,469 135,683,184 151,608,571
1,168,561,210 1,246,597,906 1,261,378,167 1,880,539,885 1,264,879,096
388,593,359 263,193,359 263,193,359 287,661,041 152,061,645

- - - - -
- - - - -
24,110,712 24,110,712 24,110,712 24,110,712 24,110,712
412,704,071 287,304,071 287,304,071 311,771,753 176,172,357
84,000,000 84,000,000 96,000,000 108,000,000 140,039,102

84,000,000 84,000,000 96,000,000 108,000,000 140,039,102
- - - - -
- - - - -
719,056,807 715,593,279 823,144,548 823,144,548 823,144,548

476,282,653 476,282,653 604,147,273 604,147,273 748,138,061
0 0 0 0 0
0 0 2,737,948,188 0 0
0 0 0 0 707,771,978
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 104,446,243 0
88,143,022 91,173,597 88,319,117 91,355,562 91,448,036
3,390,291,628
1,303,673,797 1,303,240,844 4,273,750,440 1,643,284,940 2,390,693,936
128,388,209 133,175,853 128,539,469 135,683,184 151,608,571
2037 2038 2039 2040

15,737 15,287 17,044 17,059
(2,354) (2,194) (2,013) (1,632)
7,285 7,273 7,285 7,273
3,697 3,697 3,697 3,697
19,962 49,282 4,529 -
46,680 75,539 32,555 28,029
11 11 11 11
1,236 1,227 1,235 2,586
- - - -
47,927 76,777 33,800 30,626
- - - -
(370) (370) (370) (370)
47,557 76,407 33,430 30,256

Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19
2019 2019 2019 2019 2019 2019
1,464,396,588 1,299,119,008 1,137,806,383 1,175,457,288 2,186,617,819 1,177,369,709

200,306,121 189,061,744 190,483,744 189,061,744 198,255,212 204,191,694
70,019,551 98,027,372 112,031,282 98,027,372 140,039,102 140,039,102
0 0 0 0 0 0
1,734,722,259 1,586,208,124 1,440,321,410 1,462,546,404 2,524,912,134 1,521,600,505
21,710,961 21,710,961 21,710,961 21,710,961 21,710,961 229,127,961

190,573,298 185,348,378 87,674,705 137,939,465 15,842,803 35,003,261
1,947,006,518 1,793,267,463 1,549,707,075 1,622,196,830 2,562,465,898 1,785,731,727
16,318,980 16,318,980 16,318,980 16,318,980 16,318,980 16,318,980
540,121,298 537,972,188 398,489,179 419,921,749 1,357,710,957 403,866,880

114,064,714 114,064,714 114,064,714 114,064,714 114,064,714 114,064,714
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
671,121,954 496,049,285 479,281,263 491,870,060 554,751,726 485,442,784
121,990,152 133,934,350 128,872,757 132,502,293 142,991,951 156,896,860
1,464,396,588 1,299,119,008 1,137,806,383 1,175,457,288 2,186,617,819 1,177,369,709
152,084,697 140,840,320 142,262,320 140,840,320 150,033,788 155,970,270

- - - - - -
- - - - - -
48,221,424 48,221,424 48,221,424 48,221,424 48,221,424 48,221,424
200,306,121 189,061,744 190,483,744 189,061,744 198,255,212 204,191,694
70,019,551 98,027,372 112,031,282 98,027,372 140,039,102 140,039,102

70,019,551 98,027,372 112,031,282 98,027,372 140,039,102 140,039,102
- - - - - -
- - - - - -
823,144,548 823,144,548 823,144,548 823,144,548 823,144,548 823,144,548

748,138,061 748,138,061 748,138,061 748,138,061 748,138,061 748,138,061
0 0 0 0 0 0
0 0 0 216,099,474 0 0
0 0 0 0 0 0
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0 0
82,673,668 91,624,035 88,755,025 91,806,000 88,931,120 91,987,712
1,674,147,591 1,683,097,957 1,680,228,948 1,899,379,396 1,680,405,043 1,683,461,635
121,990,152 133,934,350 128,872,757 132,502,293 142,991,951 156,896,860

Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20
2019 2019 2019 2019 2019 2020
1,175,865,107 1,134,056,262 1,198,874,168 1,168,113,033 1,754,901,878 3,421,835,117

186,759,694 186,759,694 188,181,694 186,759,694 194,353,658 586,513,598
112,031,282 84,023,461 98,027,372 112,031,282 140,039,102 385,107,531
0 0 0 0 0 0
1,474,656,083 1,404,839,418 1,485,083,233 1,466,904,009 2,089,294,638 4,393,456,246
21,710,961 21,710,961 21,710,961 21,710,961 49,366,561 246,412,711

19,604,328 19,555,440 231,281,537 220,101,668 219,552,786 253,980,730
1,515,971,373 1,446,105,819 1,738,075,731 1,708,716,638 2,358,213,985 4,893,849,688
16,318,980 16,318,980 16,318,980 16,318,980 16,318,980 30,837,525
406,853,353 411,010,760 443,862,441 413,883,924 470,169,312 1,595,771,906

114,064,714 114,064,714 114,064,714 114,064,714 114,064,714 207,000,000
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
503,794,479 461,173,203 488,823,044 491,793,081 1,015,256,494 1,441,192,244
134,054,090 130,709,115 135,025,498 131,272,844 138,312,887 160,772,496
1,175,865,107 1,134,056,262 1,198,874,168 1,168,113,033 1,754,901,878 3,421,835,117
138,538,270 138,538,270 139,960,270 138,538,270 146,132,234 244,181,462

- - - - - 210,000,000
- - - - - 60,000,000
48,221,424 48,221,424 48,221,424 48,221,424 48,221,424 72,332,136
186,759,694 186,759,694 188,181,694 186,759,694 194,353,658 586,513,598
112,031,282 84,023,461 98,027,372 112,031,282 140,039,102 385,107,531

112,031,282 84,023,461 98,027,372 112,031,282 140,039,102 385,107,531
- - - - - -
- - - - - -
823,144,548 823,144,548 823,144,548 823,144,548 823,144,548 1,332,755,042

748,138,061 748,138,061 748,138,061 748,138,061 748,138,061 1,000,306,850
0 0 0 0 0 0
0 0 0 1,828,051,054 0 0
0 0 0 0 0 707,771,978
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 104,446,243 0
92,079,933 89,195,980 92,261,401 89,371,594 92,442,869 520,748,083
1,683,553,856 1,680,669,903 1,683,735,324 3,508,896,571 1,788,363,034 3,581,773,267
134,054,090 130,709,115 135,025,498 131,272,844 138,312,887 160,772,496

2020 2020 2020 2020 2020 2020
1,580,421,375 1,273,359,909 1,282,627,873 1,296,249,532 1,982,323,454 1,307,667,149

537,894,974 525,107,047 780,883,121 525,107,047 560,947,291 543,404,047
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
0 0 0 0 0 0
2,310,870,115 2,068,042,228 2,371,597,018 2,090,931,851 2,928,378,275 2,236,178,727
21,710,961 21,710,961 21,710,961 21,710,961 21,710,961 229,127,961

248,094,008 252,084,793 48,703,879 237,097,890 48,461,270 661,958
2,580,675,084 2,341,837,982 2,442,011,859 2,349,740,702 2,998,550,506 2,465,968,646
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
782,625,276 556,853,699 574,260,174 586,519,096 1,233,539,512 567,833,485

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
420,814,676 327,300,911 318,418,582 315,460,644 356,268,904 325,369,305
152,882,953 165,106,829 165,850,646 170,171,322 168,416,567 190,365,889
1,580,421,375 1,273,359,909 1,282,627,873 1,296,249,532 1,982,323,454 1,307,667,149
195,562,838 182,774,911 438,550,985 182,774,911 218,615,155 201,071,911

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
72,332,136 72,332,136 72,332,136 72,332,136 72,332,136 72,332,136
537,894,974 525,107,047 780,883,121 525,107,047 560,947,291 543,404,047
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531 385,107,531

192,553,766 269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
- - - - - -
- - - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0 0
0 0 0 216,099,474 0 0
0 0 0 0 0 0
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0 0
488,241,979 523,159,993 507,450,918 525,612,102 509,823,927 529,243,558
2,823,222,243 2,858,140,257 2,842,431,182 3,076,691,840 2,844,804,191 2,864,223,822
152,882,953 165,106,829 165,850,646 170,171,322 168,416,567 190,365,889

Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21
2020 2020 2020 2020 2020 2021
1,295,923,969 1,248,936,361 1,298,561,986 1,359,551,186 1,832,609,573 1,456,108,040

554,037,403 808,391,477 555,459,403 554,037,403 561,631,367 570,556,768
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
0 0 0 0 0 0
2,158,047,397 2,288,392,357 2,123,596,661 2,221,674,614 2,779,348,471 2,411,772,339
21,710,961 21,710,961 21,710,961 21,710,961 49,366,561 246,412,711

12,387,961 0 173,907,314 177,429,578 173,041,028 194,260,967
2,192,146,318 2,310,103,318 2,319,214,936 2,420,815,153 3,001,756,060 2,852,446,017
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
556,424,821 553,722,355 564,223,251 624,806,827 655,454,914 660,394,361

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000 232,000,000
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
340,357,957 298,763,784 327,771,161 325,891,870 764,312,660 349,182,511
175,042,720 172,351,752 182,469,104 184,754,018 188,743,529 197,432,697
1,295,923,969 1,248,936,361 1,298,561,986 1,359,551,186 1,832,609,573 1,456,108,040
199,649,911 454,003,985 201,071,911 199,649,911 207,243,875 216,169,276

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
554,037,403 808,391,477 555,459,403 554,037,403 561,631,367 570,556,768
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531 385,107,531

308,086,025 231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
- - - - - -
- - - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0 0
0 0 0 1,120,783,654 0 89,951,362
0 0 0 0 0 707,771,978
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 104,446,243 0
531,669,058 516,789,984 536,441,817 521,408,782 541,214,575 543,640,075
2,866,649,322 2,851,770,248 2,871,422,081 3,977,172,700 2,980,641,082 3,676,343,679
175,042,720 172,351,752 182,469,104 184,754,018 188,743,529 197,432,697

2021 2021 2021 2021 2021 2021
1,552,618,634 1,462,955,596 1,246,864,717 1,270,611,270 1,615,460,193 1,249,512,950

571,183,031 559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
0 0 0 0 0 0
2,316,355,430 2,291,784,054 2,369,980,002 2,099,439,729 2,578,357,113 2,195,295,668
21,710,961 21,710,961 21,710,961 21,710,961 21,710,961 229,127,961

232,342,944 227,637,588 60,210,789 171,732,428 122,713,304 39,837,317
2,570,409,335 2,541,132,603 2,451,901,752 2,292,883,118 2,722,781,378 2,464,260,946
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
790,200,178 775,023,378 579,115,460 587,815,343 897,145,105 563,957,064

232,000,000 232,000,000 232,000,000 232,000,000 232,000,000 232,000,000
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
369,840,453 286,050,039 267,194,335 279,697,144 318,168,803 264,938,868
143,479,531 152,783,708 151,456,452 154,000,313 151,047,814 171,518,547
1,552,618,634 1,462,955,596 1,246,864,717 1,270,611,270 1,615,460,193 1,249,512,950
216,795,539 204,865,695 460,641,769 204,865,695 223,401,897 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
571,183,031 559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531 385,107,531

192,553,766 269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
- - - - - -
- - - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0 0
0 0 0 216,099,474 0 0
0 0 0 0 0 0
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0 0
493,008,510 548,256,350 532,842,202 553,029,109 537,461,000 557,801,867
2,827,988,773 2,883,236,614 2,867,822,466 3,104,108,847 2,872,441,264 2,892,782,131
143,479,531 152,783,708 151,456,452 154,000,313 151,047,814 171,518,547

Aug-21 Sep-21 Oct-21 Nov-21 Dec-21
2021 2021 2021 2021 2021
1,282,390,651 1,264,773,706 1,245,553,393 1,711,931,418 1,780,842,698

559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
0 0 0 0 0
2,149,729,863 2,309,445,485 2,075,803,852 2,579,270,630 2,732,368,338
21,710,961 21,710,961 21,710,961 21,710,961 49,366,561

0 11,992,310 180,365,123 179,915,335 183,296,270
2,171,440,824 2,343,148,756 2,277,879,937 2,780,896,925 2,965,031,169
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
574,255,835 598,012,026 567,535,993 624,966,338 652,153,820

232,000,000 232,000,000 232,000,000 232,000,000 232,000,000
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
304,514,350 265,720,958 273,121,821 301,111,915 720,997,072
154,521,995 151,942,251 155,797,109 536,754,694 158,593,335
1,282,390,651 1,264,773,706 1,245,553,393 1,711,931,418 1,780,842,698
204,865,695 459,219,769 206,287,695 204,865,695 212,030,617

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531

308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 1,074,200,563 0
0 0 0 0 0
0 0 0 487,882,347 487,882,347
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 184,852,099
560,227,367 544,427,057 565,000,126 549,045,856 569,772,884
2,895,207,631 2,879,407,321 2,899,980,390 4,446,109,030 3,577,487,595
154,521,995 151,942,251 155,797,109 536,754,694 158,593,335

Jan-22 Feb-22 Mar-22 Apr-22 May-22
2022 2022 2022 2022 2022
1,375,102,644 1,516,316,496 1,261,723,868 1,203,013,025 1,296,010,154

570,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
0 0 0 0 0
2,330,766,943 2,280,053,292 2,090,552,327 2,326,128,310 2,124,838,612
246,412,711 21,710,961 21,710,961 21,710,961 21,710,961

200,945,588 195,195,363 194,708,592 16,539,872 134,079,003
2,778,125,242 2,496,959,616 2,306,971,879 2,364,379,143 2,280,628,576
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
669,716,345 791,850,626 592,018,569 562,539,310 590,405,999

232,000,000 232,000,000 232,000,000 232,000,000 282,000,000
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
282,549,023 330,518,923 266,584,060 238,599,296 250,991,165
173,738,805 144,848,476 154,022,768 152,775,949 155,514,520
1,375,102,644 1,516,316,496 1,261,723,868 1,203,013,025 1,296,010,154
216,169,276 216,795,539 204,865,695 460,641,769 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
570,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272

385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
89,951,362 0 0 0 72,958,743
707,771,978 0 0 0 0
487,882,347 487,882,347 487,882,347 487,882,347 780,916,682
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
572,198,385 518,803,111 576,814,659 560,479,275 581,587,418
4,192,784,335 3,341,665,722 3,399,677,270 3,383,341,886 3,770,443,107
173,738,805 144,848,476 154,022,768 152,775,949 155,514,520

Jun-22 Jul-22 Aug-22 Sep-22 Oct-22
2022 2022 2022 2022 2022
1,823,924,710 1,251,177,228 1,254,301,966 1,209,116,724 1,233,797,111

577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
0 0 0 0 0
2,786,821,630 2,196,959,946 2,121,641,178 2,253,788,503 2,064,047,570
21,710,961 229,127,961 21,710,961 21,710,961 21,710,961

16,457,482 65,762,849 0 0 191,804,440
2,824,990,073 2,491,850,756 2,143,352,139 2,275,499,464 2,277,562,971
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
1,139,413,365 574,487,408 573,374,139 565,674,074 575,273,673

232,000,000 232,000,000 232,000,000 232,000,000 232,000,000
17,098,471 17,098,471 17,098,471 17,098,471 17,098,471
283,347,449 254,495,449 275,808,371 240,954,819 250,498,401
152,065,426 173,095,901 156,020,986 153,389,361 158,926,566
1,823,924,710 1,251,177,228 1,254,301,966 1,209,116,724 1,233,797,111
223,401,897 206,287,695 204,865,695 459,219,769 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272

385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
780,916,682 780,916,682 780,916,682 780,916,682 780,916,682
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
565,098,074 586,360,176 588,785,677 572,064,130 593,558,435
3,680,995,019 3,702,257,122 3,704,682,622 3,687,961,076 3,709,455,381
152,065,426 173,095,901 156,020,986 153,389,361 158,926,566

Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23
2022 2022 2023 2023 2023 2023
1,293,262,553 1,737,027,551 1,394,751,940 1,436,106,827 1,164,711,240 1,173,974,226

559,253,187 566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
0 0 0 0 0 0
2,160,601,764 2,688,553,191 2,350,416,239 2,199,843,623 1,993,539,699 2,297,089,511
21,710,961 49,366,561 246,412,711 21,710,961 21,710,961 21,710,961

179,745,779 179,297,535 204,582,692 195,127,471 194,640,868 16,639,770
2,362,058,505 2,917,217,288 2,801,411,642 2,416,682,055 2,209,891,528 2,335,440,242
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
623,849,938 650,251,496 651,772,940 781,300,150 565,591,293 598,069,105

232,000,000 232,000,000 207,000,000 207,000,000 207,000,000 207,000,000
17,098,471 17,098,471 - - - -
266,991,248 677,581,317 354,869,609 300,645,202 236,575,701 214,475,697
153,322,896 160,096,267 181,109,391 147,161,475 155,544,247 154,429,424
1,293,262,553 1,737,027,551 1,394,751,940 1,436,106,827 1,164,711,240 1,173,974,226
204,865,695 212,030,617 216,169,276 216,795,539 204,865,695 460,641,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272 308,086,025

308,086,025 385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
- - - - - -
- - - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0 0
1,074,200,563 0 89,951,362 0 0 0
0 0 707,771,978 0 0 0
293,034,335 293,034,335 293,034,335 293,034,335 293,034,335 293,034,335
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 184,852,099 0 0 0 0
576,682,929 598,331,194 600,756,694 544,597,713 605,372,968 588,116,348
4,278,898,091 3,411,197,891 4,026,494,632 3,172,612,312 3,233,387,567 3,216,130,947
153,322,896 160,096,267 181,109,391 147,161,475 155,544,247 154,429,424

May-23 Jun-23 Jul-23 Aug-23 Sep-23
2023 2023 2023 2023 2023
1,198,947,659 1,499,353,912 1,152,941,645 1,188,466,253 1,153,873,234

559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
0 0 0 0 0
2,027,776,118 2,462,250,832 2,098,724,363 2,055,805,465 2,198,545,013
21,710,961 21,710,961 229,127,961 21,710,961 21,710,961

127,064,433 20,738,654 669,879 63,015,842 0
2,176,551,512 2,504,700,448 2,328,522,203 2,140,532,269 2,220,255,974
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
599,435,078 889,412,377 552,769,175 564,567,411 562,320,897

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
- - - - -
235,611,005 249,197,838 218,760,889 258,914,930 229,500,739
156,901,576 153,743,697 174,411,581 157,983,912 155,051,597
1,198,947,659 1,499,353,912 1,152,941,645 1,188,466,253 1,153,873,234
204,865,695 223,401,897 206,287,695 204,865,695 459,219,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519

269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
1,492,106,845 1,492,106,845 1,492,106,845 1,492,106,845 1,492,106,845
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
610,145,727 592,735,147 614,911,858 617,330,732 599,682,171
4,437,232,836 4,419,822,256 4,441,998,967 4,444,417,841 4,426,769,280
156,901,576 153,743,697 174,411,581 157,983,912 155,051,597

2023 2023 2023 2024 2024
1,173,982,269 1,199,641,164 1,655,662,777 1,290,460,507 1,436,993,585

560,675,187 559,253,187 566,418,109 570,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
0 0 0 0 0
2,004,232,728 2,066,980,376 2,607,188,417 2,246,124,806 2,200,730,382
21,710,961 21,710,961 49,366,561 246,412,711 21,710,961

180,615,889 191,403,990 179,716,185 201,420,603 199,245,007
2,206,559,577 2,280,095,327 2,836,271,163 2,693,958,120 2,421,686,350
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
580,139,889 596,402,041 654,780,288 645,731,748 784,011,940

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
- - - - -
225,759,553 241,167,504 632,101,447 260,724,322 297,766,040
161,082,827 155,071,619 161,781,042 177,004,436 148,215,605
1,173,982,269 1,199,641,164 1,655,662,777 1,290,460,507 1,436,993,585
206,287,695 204,865,695 212,030,617 216,169,276 216,795,539

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 559,253,187 566,418,109 570,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766

269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 941,361,386 0 89,951,362 0
0 0 0 707,771,978 0
1,492,106,845 1,711,450,617 1,711,450,617 1,711,450,617 1,711,450,617
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 184,852,099 0 0
622,090,450 604,288,350 626,850,168 629,269,041 590,787,867
4,449,177,559 5,592,080,617 4,858,133,148 5,473,423,262 4,637,218,748
161,082,827 155,071,619 161,781,042 177,004,436 148,215,605

Mar-24 Apr-24 May-24 Jun-24 Jul-24
2024 2024 2024 2024 2024
1,382,689,246 1,144,818,058 1,189,293,452 3,286,420,940 1,172,044,695

559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
0 0 0 0 0
2,211,517,705 2,267,933,344 2,018,121,911 4,249,317,860 2,117,827,414
21,710,961 21,710,961 21,710,961 21,710,961 229,127,961

195,168,201 16,751,298 124,447,492 16,667,854 4,719,291
2,428,396,866 2,306,395,602 2,164,280,364 4,287,696,675 2,351,674,665
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
780,881,834 562,811,609 596,780,218 2,664,122,605 568,025,365

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
- - - - -
236,999,411 218,921,097 227,004,245 249,062,672 216,173,009
157,808,002 156,085,352 158,508,989 166,235,662 180,846,321
1,382,689,246 1,144,818,058 1,189,293,452 3,286,420,940 1,172,044,695
204,865,695 460,641,769 204,865,695 223,401,897 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531

269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
1,711,450,617 1,711,450,617 219,343,772 219,343,772 219,343,772
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
633,950,731 615,766,042 638,710,449 620,372,220 643,476,795
4,680,381,612 4,662,196,922 3,193,034,485 3,174,696,256 3,197,800,831
157,808,002 156,085,352 158,508,989 166,235,662 180,846,321

2024 2024 2024 2024 2024
1,181,830,179 1,144,741,148 1,165,147,238 1,209,768,734 1,648,811,192

559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
0 0 0 0 0
2,049,169,391 2,189,412,927 1,995,397,697 2,077,107,946 2,600,336,832
21,710,961 21,710,961 21,710,961 21,710,961 49,366,561

0 61,003,224 180,049,691 179,600,689 190,032,384
2,070,880,352 2,272,127,112 2,197,158,349 2,278,419,596 2,839,735,777
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
563,145,595 567,097,775 569,427,199 611,760,903 648,194,988

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
- - - - -
252,341,451 213,624,091 229,090,969 234,296,856 630,095,801
159,343,133 157,019,282 159,629,070 156,710,975 163,520,403
1,181,830,179 1,144,741,148 1,165,147,238 1,209,768,734 1,648,811,192
204,865,695 459,219,769 206,287,695 204,865,695 212,030,617

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531

308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 770,763,337 770,763,337
0 0 0 941,361,386 0
0 0 0 0 0
219,343,772 219,343,772 219,343,772 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 184,852,099
645,902,295 627,338,277 650,675,053 631,957,076 655,447,812
3,200,226,331 3,181,662,313 3,204,999,089 4,679,062,064 3,946,043,513
159,343,133 157,019,282 159,629,070 156,710,975 163,520,403

2025 2025 2025 2025 2025
1,377,139,377 1,428,352,212 1,143,932,442 1,138,749,014 1,164,649,388

620,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536
8,199,839,212 8,009,124,544 7,789,796,437 8,078,899,835 7,810,513,383
246,412,711 21,710,961 21,710,961 21,710,961 21,710,961

200,928,128 195,184,301 198,171,821 16,839,607 121,872,201
8,647,180,051 8,226,019,806 8,009,679,219 8,117,450,403 7,954,096,545
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
661,136,942 779,365,754 546,183,345 559,028,055 572,836,482

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
- - - - -
329,113,183 292,005,029 232,051,770 212,057,392 224,593,024
179,889,252 149,981,428 158,697,328 160,663,567 160,219,882
1,377,139,377 1,428,352,212 1,143,932,442 1,138,749,014 1,164,649,388
266,169,276 216,795,539 204,865,695 460,641,769 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
620,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272

385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536
5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
89,951,362 0 0 0 0
707,771,978 0 0 0 0
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
657,873,312 596,186,917 662,489,587 643,390,495 667,262,345
4,561,340,253 3,701,930,518 3,768,233,188 3,749,134,097 3,773,005,947
179,889,252 149,981,428 158,697,328 160,663,567 160,219,882

2025 2025 2025 2025 2025
1,699,166,108 1,151,211,393 1,167,411,005 1,150,136,867 1,143,267,927

577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536
8,479,098,564 7,914,029,648 7,851,785,753 8,011,844,182 7,790,553,921
21,710,961 229,127,961 21,710,961 21,710,961 21,710,961

16,755,723 671,620 3,918,921 0 239,031,894
8,517,565,248 8,143,829,228 7,877,415,635 8,033,555,143 8,051,296,777
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
1,090,899,273 555,682,893 549,610,473 571,846,151 553,634,855

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
- - - - -
244,115,031 211,460,088 249,605,650 212,678,498 219,602,560
157,151,803 177,068,412 161,194,883 158,612,218 163,030,512
1,699,166,108 1,151,211,393 1,167,411,005 1,150,136,867 1,143,267,927
223,401,897 206,287,695 204,865,695 459,219,769 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272

385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536
5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536 5,817,035,536
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
648,009,294 673,682,286 677,754,968 659,706,072 685,768,956
3,753,752,895 3,779,425,887 3,783,498,570 3,765,449,673 3,791,512,558
157,151,803 177,068,412 161,194,883 158,612,218 163,030,512

Nov-25 Dec-25 Jan-26 Feb-26 Mar-26
2025 2025 2026 2026 2026
1,195,725,523 1,643,670,361 1,314,951,957 1,430,158,311 1,159,261,636

559,253,187 566,418,109 570,556,768 571,183,031 559,253,187
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272
5,817,035,536 5,817,035,536 2,007,385,240 2,007,385,240 2,007,385,240
7,880,100,271 8,412,231,537 4,278,001,496 4,201,280,347 3,995,475,334
21,710,961 49,366,561 246,412,711 21,710,961 21,710,961

179,528,188 179,080,487 211,486,365 195,212,488 194,725,674
8,081,339,421 8,640,678,585 4,735,900,572 4,418,203,796 4,211,911,969
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
597,858,687 644,532,982 653,848,984 780,662,331 555,769,266

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
- - 5,784,890 5,784,890 5,784,890
232,107,055 626,583,022 268,277,507 284,364,717 229,351,461
158,759,781 165,554,357 180,040,576 152,346,373 161,356,020
1,195,725,523 1,643,670,361 1,314,951,957 1,430,158,311 1,159,261,636
204,865,695 212,030,617 216,169,276 216,795,539 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 566,418,109 570,556,768 571,183,031 559,253,187
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272

308,086,025 385,107,531 385,107,531 192,553,766 269,575,272
5,817,035,536 5,817,035,536 2,007,385,240 2,007,385,240 2,007,385,240
5,817,035,536 5,817,035,536 2,007,385,240 2,007,385,240 2,007,385,240
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
941,361,386 0 0 0 0
0 0 707,771,978 0 0
0 0 2,025,728,162 2,025,728,162 2,025,728,162
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 184,852,099 0 0 0
667,461,544 693,782,944 697,855,627 633,643,774 705,606,861
4,714,566,532 3,984,378,645 6,537,099,368 5,765,115,538 5,837,078,625
158,759,781 165,554,357 180,040,576 152,346,373 161,356,020

Apr-26 May-26 Jun-26 Jul-26 Aug-26
2026 2026 2026 2026 2026
1,132,782,295 1,168,618,791 1,508,335,131 1,155,791,663 1,172,697,653

815,029,261 559,253,187 577,789,389 560,675,187 559,253,187
308,086,025 269,575,272 385,107,531 385,107,531 308,086,025
2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240
4,263,282,820 4,004,832,490 4,478,617,291 4,108,959,621 4,047,422,104
21,710,961 21,710,961 21,710,961 229,127,961 21,710,961

20,302,556 119,371,582 16,854,875 671,546 0
4,305,296,337 4,145,915,032 4,517,183,126 4,338,759,128 4,069,133,065
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
553,338,316 574,312,681 895,534,076 551,641,539 552,213,942

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
206,329,626 218,851,435 240,269,369 212,671,139 243,864,060
160,329,462 162,669,785 159,746,796 178,694,096 163,834,761
1,132,782,295 1,168,618,791 1,508,335,131 1,155,791,663 1,172,697,653
460,641,769 204,865,695 223,401,897 206,287,695 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
815,029,261 559,253,187 577,789,389 560,675,187 559,253,187
308,086,025 269,575,272 385,107,531 385,107,531 308,086,025

308,086,025 269,575,272 385,107,531 385,107,531 308,086,025
2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240
2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
0 0 0 0 0
0 0 0 0 0
2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
686,659,516 713,620,849 694,414,988 721,604,881 725,647,608
5,818,131,280 5,845,092,613 5,825,886,752 5,853,076,645 5,857,119,371
160,329,462 162,669,785 159,746,796 178,694,096 163,834,761

2026 2026 2026 2026 2027
1,136,305,881 1,161,494,514 1,467,329,631 1,637,276,698 1,345,658,679

813,607,261 560,675,187 571,253,187 566,418,109 570,556,768
231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240 0
4,188,362,900 3,999,130,213 4,354,054,082 4,596,187,578 2,301,322,978
21,710,961 21,710,961 21,710,961 49,366,561 246,412,711

3,793,757 179,904,356 236,624,490 179,008,196 200,980,345
4,213,867,619 4,200,745,530 4,612,389,534 4,824,562,335 2,748,716,034
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
557,223,588 563,001,140 590,956,384 637,045,795 650,869,923

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
205,001,549 218,457,451 227,747,866 619,228,399 299,924,707
161,295,854 167,251,033 435,840,491 168,217,614 182,079,159
1,136,305,881 1,161,494,514 1,467,329,631 1,637,276,698 1,345,658,679
459,219,769 206,287,695 216,865,695 212,030,617 216,169,276

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
813,607,261 560,675,187 571,253,187 566,418,109 570,556,768
231,064,519 269,575,272 308,086,025 385,107,531 385,107,531

231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240 -
2,007,385,240 2,007,385,240 2,007,385,240 2,007,385,240 -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 0 0 0
0 0 941,361,386 0 0
0 0 0 0 707,771,978
2,025,728,162 2,025,728,162 2,513,610,509 2,513,610,509 487,882,347
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 184,852,099 0
706,025,733 733,602,650 713,724,161 741,557,693 745,600,420
5,837,497,496 5,865,074,414 6,503,676,321 5,775,000,566 4,276,235,008
161,295,854 167,251,033 435,840,491 168,217,614 182,079,159

Feb-27 Mar-27 Apr-27 May-27 Jun-27
2027 2027 2027 2027 2027
1,428,834,696 1,364,658,980 1,151,972,169 1,223,071,670 1,523,611,251

571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
0 0 0 0 0
2,192,571,493 2,193,487,438 2,275,087,455 2,051,900,128 2,486,508,171
21,710,961 21,710,961 21,710,961 21,710,961 21,710,961

205,436,344 194,753,736 17,038,819 120,188,705 16,953,943
2,419,718,798 2,409,952,135 2,313,837,235 2,193,799,794 2,525,173,075
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
774,481,487 760,513,855 569,785,824 574,488,411 904,906,430

207,000,000 207,000,000 207,000,000 257,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
285,747,117 227,969,061 206,329,626 220,233,835 243,405,849
155,821,203 163,391,175 163,071,829 165,564,534 162,514,082
1,428,834,696 1,364,658,980 1,151,972,169 1,223,071,670 1,523,611,251
216,795,539 204,865,695 460,641,769 204,865,695 223,401,897

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531

192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
487,882,347 487,882,347 487,882,347 780,916,682 780,916,682
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
676,743,665 753,294,641 732,780,926 761,249,684 740,479,355
3,499,606,276 3,576,157,252 3,555,643,538 3,877,146,630 3,856,376,301
155,821,203 163,391,175 163,071,829 165,564,534 162,514,082

Jul-27 Aug-27 Sep-27 Oct-27 Nov-27
2027 2027 2027 2027 2027
1,151,955,842 1,176,823,852 1,148,721,074 1,159,629,760 1,204,893,561

560,675,187 559,253,187 813,607,261 560,675,187 559,253,187
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025
0 0 0 0 0
2,097,738,560 2,044,163,064 2,193,392,853 1,989,880,219 2,072,232,773
229,127,961 21,710,961 21,710,961 21,710,961 21,710,961

670,892 0 0 183,997,013 179,874,735
2,327,537,413 2,065,874,025 2,215,103,814 2,195,588,193 2,273,818,469
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
554,564,399 552,186,410 565,328,632 562,157,816 595,199,024

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
203,852,259 245,246,460 206,556,749 215,519,851 232,637,866
180,754,295 166,606,092 164,050,803 169,167,203 164,271,781
1,151,955,842 1,176,823,852 1,148,721,074 1,159,629,760 1,204,893,561
206,287,695 204,865,695 459,219,769 206,287,695 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 559,253,187 813,607,261 560,675,187 559,253,187
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025

385,107,531 308,086,025 231,064,519 269,575,272 308,086,025
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 941,361,386
0 0 0 0 0
780,916,682 780,916,682 780,916,682 780,916,682 293,034,335
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
769,172,030 773,182,060 751,996,194 781,072,763 759,632,359
3,885,068,976 3,889,079,005 3,867,893,140 3,896,969,709 4,329,008,344
180,754,295 166,606,092 164,050,803 169,167,203 164,271,781

Dec-27 Jan-28 Feb-28 Mar-28 Apr-28
2027 2028 2028 2028 2028
1,653,225,534 1,305,971,614 1,430,353,610 1,175,875,841 1,147,919,887

566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
0 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
2,604,751,174 3,496,580,743 3,429,035,235 3,239,649,130 3,505,980,002
49,366,561 246,412,711 21,710,961 21,710,961 21,710,961

234,769,071 201,524,494 195,768,245 205,150,135 17,149,995
2,888,886,805 3,944,517,947 3,646,514,441 3,466,510,225 3,544,840,958
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
644,567,927 644,957,062 773,805,728 564,846,167 564,281,541

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
624,575,599 258,277,507 285,837,117 231,206,661 205,002,696
171,297,118 189,952,155 157,925,875 167,038,124 165,850,759
1,653,225,534 1,305,971,614 1,430,353,610 1,175,875,841 1,147,919,887
212,030,617 216,169,276 216,795,539 204,865,695 460,641,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
385,107,531 385,107,531 192,553,766 269,575,272 308,086,025

385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
- 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
- 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 707,771,978 0 0 0
293,034,335 293,034,335 293,034,335 293,034,335 293,034,335
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
184,852,099 0 0 0 0
788,963,467 792,973,497 745,323,214 800,734,845 778,660,180
3,601,830,165 4,128,760,073 3,373,337,813 3,428,749,444 3,406,674,778
171,297,118 189,952,155 157,925,875 167,038,124 165,850,759

2028 2028 2028 2028 2028
1,192,326,554 1,724,389,762 1,162,989,009 1,186,081,712 1,132,443,156

559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
3,256,099,843 3,922,231,511 3,343,716,557 3,288,365,754 3,412,059,765
21,710,961 21,710,961 229,127,961 21,710,961 21,710,961

114,566,195 20,216,462 669,691 0 0
3,392,376,998 3,964,158,934 3,573,514,209 3,310,076,715 3,433,770,726
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
592,648,220 1,103,582,563 558,852,862 560,038,217 545,670,679

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
218,851,435 242,705,849 209,571,139 243,864,060 207,144,269
168,042,010 165,316,460 181,780,119 169,394,545 166,843,318
1,192,326,554 1,724,389,762 1,162,989,009 1,186,081,712 1,132,443,156
204,865,695 223,401,897 206,287,695 204,865,695 459,219,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519

269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
1,492,106,845 1,492,106,845 1,492,106,845 1,492,106,845 1,492,106,845
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
808,625,549 786,296,345 816,509,925 820,513,628 797,795,012
4,635,712,658 4,613,383,454 4,643,597,034 4,647,600,737 4,624,882,121
168,042,010 165,316,460 181,780,119 169,394,545 166,843,318

2028 2028 2028 2029 2029
1,171,377,432 1,361,932,466 1,650,262,251 1,301,508,896 1,451,052,234

560,675,187 559,253,187 566,418,109 582,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
3,236,572,720 3,464,216,507 3,836,732,720 3,504,118,025 3,449,733,860
21,710,961 21,710,961 49,366,561 246,412,711 21,710,961

179,759,138 182,866,156 178,863,702 254,607,983 195,297,014
3,438,042,819 3,668,793,624 4,064,962,983 4,005,138,720 3,666,741,834
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
570,623,879 607,865,391 644,461,718 650,145,354 789,447,749

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
217,178,731 230,948,122 619,228,399 252,936,387 287,889,837
170,789,932 310,334,063 173,787,244 185,642,266 160,929,758
1,171,377,432 1,361,932,466 1,650,262,251 1,301,508,896 1,451,052,234
206,287,695 204,865,695 212,030,617 228,169,276 216,795,539

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 559,253,187 566,418,109 582,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766

269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 941,361,386 0 0 0
0 0 0 707,771,978 0
1,492,106,845 1,711,450,617 1,711,450,617 1,711,450,617 1,711,450,617
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 184,852,099 0 0
828,391,881 805,419,128 836,270,135 840,273,837 762,223,302
4,655,478,990 5,793,211,395 5,067,553,115 5,594,476,696 4,808,654,183
170,789,932 310,334,063 173,787,244 185,642,266 160,929,758

2029 2029 2029 2029 2029
1,172,336,578 1,153,569,172 1,197,497,948 3,267,292,183 1,179,658,636

559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
3,236,109,867 3,511,629,287 3,261,271,236 5,465,133,932 3,360,386,184
21,710,961 21,710,961 21,710,961 21,710,961 229,127,961

194,809,989 26,792,846 112,235,631 17,152,122 3,719,206
3,452,630,816 3,560,133,095 3,395,217,828 5,503,997,015 3,593,233,351
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
562,936,625 566,847,410 589,951,091 2,647,331,398 567,757,875

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
227,969,061 205,050,906 223,828,075 238,886,969 210,511,139
168,646,003 168,885,967 170,933,893 168,288,926 188,604,733
1,172,336,578 1,153,569,172 1,197,497,948 3,267,292,183 1,179,658,636
204,865,695 460,641,769 204,865,695 223,401,897 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531

269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
1,711,450,617 1,711,450,617 219,343,772 219,343,772 219,343,772
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
847,893,787 824,291,940 855,772,040 831,916,056 863,635,768
4,894,324,668 4,870,722,821 3,410,096,076 3,386,240,092 3,417,959,804
168,646,003 168,885,967 170,933,893 168,288,926 188,604,733

2029 2029 2029 2029 2029
1,193,669,416 1,189,806,321 1,173,166,743 1,294,209,039 1,654,538,374

559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
3,295,953,458 3,469,422,929 3,238,362,031 3,396,493,080 3,841,008,843
21,710,961 21,710,961 21,710,961 21,710,961 49,366,561

0 0 179,686,573 179,238,477 182,233,243
3,317,664,419 3,491,133,890 3,439,759,565 3,597,442,518 4,072,608,648
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
561,105,368 594,100,333 560,635,772 680,018,533 644,058,298

207,000,000 207,000,000 207,000,000 207,000,000 207,000,000
5,784,890 5,784,890 5,784,890 5,784,890 5,784,890
247,389,180 213,078,029 215,519,851 230,948,122 620,887,279
172,389,978 169,843,069 184,226,229 170,457,495 176,807,908
1,193,669,416 1,189,806,321 1,173,166,743 1,294,209,039 1,654,538,374
204,865,695 459,219,769 206,287,695 204,865,695 212,030,617

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531

308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830 1,234,944,830
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 941,361,386 0
0 0 0 0 0
219,343,772 219,343,772 219,343,772 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 184,852,099
867,624,945 843,373,005 875,474,616 850,969,461 883,324,286
3,421,948,981 3,397,697,041 3,429,798,651 4,127,311,111 3,403,156,649
172,389,978 169,843,069 184,226,229 170,457,495 176,807,908

Jan-30 Feb-30 Mar-30 Apr-30 May-30 Jun-30
2030 2030 2030 2030 2030 2030
14,677,165,256 1,449,137,926 1,379,493,732 1,157,367,351 1,197,388,860 1,521,725,894

681,946,768 571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
0 0 0 0 0 0
15,744,219,555 2,212,874,722 2,208,322,191 2,280,482,636 2,026,217,319 2,484,622,814
246,412,711 21,710,961 21,710,961 21,710,961 21,710,961 21,710,961

201,058,560 247,189,221 194,837,887 17,337,305 119,223,902 17,250,943
16,191,690,827 2,481,774,904 2,424,871,039 2,319,530,903 2,167,152,182 2,523,584,718
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
670,969,052 787,406,213 768,911,109 564,763,503 595,056,282 900,294,509

13,200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
9,426,457 9,426,457 9,426,457 9,426,457 9,426,457 9,426,457
407,777,507 287,889,837 229,627,941 208,368,666 218,851,435 240,545,849
388,992,241 164,415,419 171,528,225 174,808,725 174,054,687 171,459,079
14,677,165,256 1,449,137,926 1,379,493,732 1,157,367,351 1,197,388,860 1,521,725,894
327,559,276 216,795,539 204,865,695 460,641,769 204,865,695 223,401,897

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
681,946,768 571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272 385,107,531

385,107,531 192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
- - - - - -
- - - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0 0
0 0 0 0 0 0
707,771,978 0 0 0 0 0
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0 0
887,313,463 804,698,856 894,905,767 869,773,801 902,755,438 877,370,257
3,930,065,705 3,139,679,120 3,229,886,031 3,204,754,065 3,237,735,702 3,212,350,521
388,992,241 164,415,419 171,528,225 174,808,725 174,054,687 171,459,079

Jul-30 Aug-30 Sep-30 Oct-30 Nov-30 Dec-30
2030 2030 2030 2030 2030 2030
1,166,652,514 1,181,608,837 1,144,855,951 1,172,763,228 1,225,430,698 1,663,390,563

560,675,187 559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
0 0 0 0 0 0
2,112,435,232 2,048,948,049 2,189,527,730 2,003,013,687 2,092,769,910 2,614,916,203
229,127,961 21,710,961 21,710,961 21,710,961 21,710,961 49,366,561

665,779 2,953,779 0 179,614,038 179,166,122 178,719,324
2,342,228,972 2,073,612,788 2,211,238,691 2,204,338,685 2,293,646,993 2,843,002,088
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
565,068,498 552,762,125 557,181,980 565,380,523 616,387,556 653,237,402

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
9,426,457 9,426,457 9,426,457 9,426,457 9,426,457 9,426,457
207,377,379 243,864,060 205,278,029 220,102,507 226,365,466 620,887,279
184,780,180 175,556,194 172,969,486 177,853,741 173,251,220 179,839,424
1,166,652,514 1,181,608,837 1,144,855,951 1,172,763,228 1,225,430,698 1,663,390,563
206,287,695 204,865,695 459,219,769 206,287,695 204,865,695 212,030,617

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025 385,107,531

385,107,531 308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
- - - - - -
- - - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0 0
0 0 0 0 941,361,386 0
0 0 0 0 0 0
0 0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0 184,852,099
909,968,950 913,321,967 887,000,151 919,919,841 893,385,190 926,517,714
3,244,949,213 3,248,302,231 3,221,980,415 3,254,900,105 4,169,726,841 3,446,350,077
184,780,180 175,556,194 172,969,486 177,853,741 173,251,220 179,839,424

2031 2031 2031 2031 2031
1,312,263,164 1,455,333,846 1,171,583,506 1,175,025,814 1,178,051,046

570,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
0 0 0 0 0
2,267,927,463 2,219,070,642 2,000,411,965 2,298,141,100 2,006,879,505
246,412,711 21,710,961 21,710,961 21,710,961 21,710,961

204,416,249 195,352,896 245,073,515 17,436,537 107,769,252
2,718,756,423 2,436,134,499 2,267,196,441 2,337,288,598 2,136,359,718
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
655,369,049 797,860,834 565,397,225 588,436,947 577,034,014

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
264,802,627 286,023,597 227,969,061 207,974,682 220,510,315
188,449,922 167,807,848 174,575,654 174,972,618 176,865,150
1,312,263,164 1,455,333,846 1,171,583,506 1,175,025,814 1,178,051,046
216,169,276 216,795,539 204,865,695 460,641,769 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
570,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272

385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
707,771,978 0 0 0 0
2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
929,870,732 842,618,690 936,252,282 909,190,778 942,850,155
5,998,351,136 5,203,327,116 5,296,960,708 5,269,899,205 5,303,558,582
188,449,922 167,807,848 174,575,654 174,972,618 176,865,150

2031 2031 2031 2031 2031
1,717,730,401 1,155,906,460 1,185,370,262 1,158,299,159 1,165,278,203

577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
0 0 0 0 0
2,680,627,321 2,101,689,178 2,052,709,474 2,202,970,938 1,995,528,661
21,710,961 229,127,961 21,710,961 21,710,961 21,710,961

26,303,952 663,130 0 2,859,440 180,033,426
2,728,642,234 2,331,480,269 2,074,420,435 2,227,541,339 2,197,273,048
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
1,100,754,227 559,364,742 557,765,593 570,179,784 565,178,519

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
238,886,969 207,377,379 245,522,940 208,595,789 215,519,851
174,447,637 185,522,772 178,440,161 175,882,019 180,938,265
1,717,730,401 1,155,906,460 1,185,370,262 1,158,299,159 1,165,278,203
223,401,897 206,287,695 204,865,695 459,219,769 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272

385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
915,575,817 949,209,223 952,323,434 924,519,858 958,451,398
5,276,284,243 5,309,917,649 5,313,031,860 5,285,228,285 5,319,159,825
174,447,637 185,522,772 178,440,161 175,882,019 180,938,265

2031 2031 2032 2032 2032
1,207,419,733 1,655,303,532 1,310,534,718 1,438,476,697 1,177,945,471

559,253,187 566,418,109 570,556,768 571,183,031 559,253,187
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272
0 0 0 0 0
2,074,758,945 2,606,829,172 2,266,199,018 2,202,213,493 2,006,773,930
21,710,961 49,366,561 246,412,711 21,710,961 21,710,961

179,584,465 179,136,623 201,627,525 199,104,906 195,391,019
2,276,054,370 2,835,332,356 2,714,239,253 2,423,029,360 2,223,875,910
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
599,585,156 646,189,382 666,325,991 780,168,208 566,417,173

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
228,024,346 622,753,519 251,277,507 284,364,717 229,351,461
176,168,664 182,719,064 189,289,653 170,302,204 178,535,270
1,207,419,733 1,655,303,532 1,310,534,718 1,438,476,697 1,177,945,471
204,865,695 212,030,617 216,169,276 216,795,539 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 566,418,109 570,556,768 571,183,031 559,253,187
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272

308,086,025 385,107,531 385,107,531 192,553,766 269,575,272
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
941,361,386 0 0 0 0
0 0 707,771,978 0 0
2,513,610,509 2,513,610,509 487,882,347 487,882,347 487,882,347
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 184,852,099 0 0 0
930,450,146 964,579,363 967,693,574 907,987,071 973,721,080
6,720,402,306 5,998,022,235 4,498,328,163 3,730,849,682 3,796,583,691
176,168,664 182,719,064 189,289,653 170,302,204 178,535,270

2032 2032 2032 2032 2032
1,146,674,033 1,229,998,443 1,532,316,334 1,163,855,328 1,187,267,019

815,029,261 559,253,187 577,789,389 560,675,187 559,253,187
308,086,025 269,575,272 385,107,531 385,107,531 308,086,025
0 0 0 0 0
2,269,789,318 2,058,826,902 2,495,213,254 2,109,638,046 2,054,606,231
21,710,961 21,710,961 21,710,961 229,127,961 21,710,961

66,151,595 105,631,120 17,459,954 9,328,344 0
2,357,651,875 2,186,168,982 2,534,384,168 2,348,094,351 2,076,317,192
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
558,355,360 577,470,363 910,952,526 561,070,698 558,261,093

200,000,000 250,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
206,329,626 218,851,435 240,269,369 212,671,139 243,864,060
178,347,480 180,035,078 177,452,872 186,471,924 181,500,298
1,146,674,033 1,229,998,443 1,532,316,334 1,163,855,328 1,187,267,019
460,641,769 204,865,695 223,401,897 206,287,695 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
815,029,261 559,253,187 577,789,389 560,675,187 559,253,187
308,086,025 269,575,272 385,107,531 385,107,531 308,086,025

308,086,025 269,575,272 385,107,531 385,107,531 308,086,025
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
487,882,347 780,916,682 780,916,682 780,916,682 780,916,682
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
945,227,258 979,849,044 951,157,546 986,106,946 989,351,096
3,768,089,869 4,095,745,990 4,067,054,492 4,102,003,892 4,105,248,042
178,347,480 180,035,078 177,452,872 186,471,924 181,500,298

2032 2032 2032 2032 2033
1,142,865,026 1,173,663,480 1,225,508,860 1,658,054,565 1,309,486,306

813,607,261 560,675,187 559,253,187 566,418,109 570,556,768
231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
0 0 0 0 4,561,013,746
2,187,536,805 2,003,913,939 2,092,848,072 2,609,580,205 6,826,164,351
21,710,961 21,710,961 21,710,961 49,366,561 246,412,711

0 182,237,169 179,021,500 178,575,063 201,136,292
2,209,247,766 2,207,862,069 2,293,580,533 2,837,521,829 7,273,713,354
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
555,286,836 568,370,835 614,829,628 649,369,842 642,905,156

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
205,001,549 218,457,451 227,747,866 619,228,399 266,924,707
178,935,074 183,193,626 179,289,799 185,814,757 196,014,876
1,142,865,026 1,173,663,480 1,225,508,860 1,658,054,565 1,309,486,306
459,219,769 206,287,695 204,865,695 212,030,617 216,169,276

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
813,607,261 560,675,187 559,253,187 566,418,109 570,556,768
231,064,519 269,575,272 308,086,025 385,107,531 385,107,531

231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
- - - - 4,561,013,746
- - - - 4,561,013,746
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 941,361,386 0 0
0 0 0 0 707,771,978
780,916,682 780,916,682 293,034,335 293,034,335 293,034,335
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 184,852,099 0
960,474,769 995,734,744 966,652,494 1,002,118,393 1,005,362,542
4,076,371,715 4,111,631,690 4,536,028,479 3,814,985,090 4,341,149,118
178,935,074 183,193,626 179,289,799 185,814,757 196,014,876

2033 2033 2033 2033 2033
1,432,899,838 1,375,498,935 1,157,118,839 1,184,875,202 1,510,474,855

571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746
6,757,650,380 6,765,341,140 6,841,247,870 6,574,717,407 7,034,385,520
21,710,961 21,710,961 21,710,961 21,710,961 21,710,961

195,408,854 198,043,945 17,635,044 144,068,836 17,547,198
6,974,770,195 6,985,096,046 6,880,593,875 6,740,497,204 7,073,643,679
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
770,104,301 763,948,861 565,993,353 577,881,690 882,844,444

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
285,747,117 227,969,061 206,329,626 220,233,835 243,405,849
173,406,853 179,939,446 181,154,293 183,118,110 180,582,994
1,432,899,838 1,375,498,935 1,157,118,839 1,184,875,202 1,510,474,855
216,795,539 204,865,695 460,641,769 204,865,695 223,401,897

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531

192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746
4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
293,034,335 293,034,335 293,034,335 1,492,106,845 1,492,106,845
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
910,716,024 1,011,536,890 981,944,893 1,017,920,539 988,122,617
3,538,730,623 3,639,551,489 3,609,959,492 4,845,007,648 4,815,209,726
173,406,853 179,939,446 181,154,293 183,118,110 180,582,994

2033 2033 2033 2033 2033
1,143,298,005 1,190,799,672 1,153,290,678 1,175,304,876 1,214,032,292

560,675,187 559,253,187 813,607,261 560,675,187 559,253,187
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025
4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746
6,650,094,469 6,619,152,629 6,758,976,203 6,566,569,080 6,642,385,250
229,127,961 21,710,961 21,710,961 21,710,961 21,710,961

400,359 8,391,437 0 179,396,606 181,628,939
6,879,622,789 6,649,255,027 6,780,687,164 6,767,676,648 6,845,725,150
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
549,053,003 557,210,247 561,000,213 570,692,133 595,233,949

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
203,852,259 245,246,460 206,556,749 215,519,851 232,637,866
186,751,176 184,701,398 182,092,149 185,451,325 182,518,910
1,143,298,005 1,190,799,672 1,153,290,678 1,175,304,876 1,214,032,292
206,287,695 204,865,695 459,219,769 206,287,695 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 559,253,187 813,607,261 560,675,187 559,253,187
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025

385,107,531 308,086,025 231,064,519 269,575,272 308,086,025
4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746
4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746 4,561,013,746
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 941,361,386
0 0 0 0 0
1,492,106,845 1,492,106,845 1,492,106,845 1,492,106,845 1,711,450,617
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,024,430,974 1,027,801,910 997,803,974 1,034,435,042 1,004,223,134
4,851,518,083 4,854,889,019 4,824,891,083 4,861,522,151 5,992,015,401
186,751,176 184,701,398 182,092,149 185,451,325 182,518,910

2033 2034 2034 2034 2034
1,668,741,212 1,328,617,329 1,450,497,004 1,175,237,133 1,143,630,118

566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
4,561,013,746 2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091
7,181,280,598 5,159,468,719 5,089,420,891 4,879,252,683 5,141,932,494
49,366,561 246,412,711 877,883 877,883 877,883

178,502,976 201,161,998 195,436,605 194,949,232 20,756,698
7,409,150,135 5,607,043,428 5,285,735,379 5,075,079,798 5,163,567,075
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
651,522,484 642,952,746 784,330,538 557,507,612 550,543,770

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
624,575,599 291,277,507 285,837,117 231,206,661 205,002,696
189,001,562 190,745,509 176,687,782 182,881,294 184,442,084
1,668,741,212 1,328,617,329 1,450,497,004 1,175,237,133 1,143,630,118
212,030,617 216,169,276 216,795,539 204,865,695 460,641,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
385,107,531 385,107,531 192,553,766 269,575,272 308,086,025

385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
4,561,013,746 2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091
4,561,013,746 2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 707,771,978 0 0 0
1,711,450,617 1,711,450,617 1,711,450,617 1,711,450,617 1,711,450,617
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
129,396,469 0 0 0 0
1,041,068,174 1,044,439,110 946,114,424 1,050,854,762 1,020,113,186
5,216,895,524 5,798,641,969 4,992,545,305 5,097,285,643 5,066,544,067
189,001,562 190,745,509 176,687,782 182,881,294 184,442,084

2034 2034 2034 2034 2034
1,186,945,754 3,500,917,502 1,163,334,770 1,179,046,896 1,151,080,524

559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091
4,890,961,304 7,339,001,513 4,984,304,579 4,921,573,199 5,070,939,394
877,883 877,883 877,883 877,883 877,883

17,689,803 63,194,828 388,541 0 8,123,429
4,909,528,989 7,403,074,224 4,985,571,003 4,922,451,082 5,079,940,706
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
578,980,769 2,870,394,778 558,861,477 543,594,043 554,843,567

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 3,641,567 3,641,567
218,851,435 242,705,849 209,571,139 243,864,060 207,144,269
185,471,983 184,175,307 191,260,587 187,947,226 185,451,121
1,186,945,754 3,500,917,502 1,163,334,770 1,179,046,896 1,151,080,524
204,865,695 223,401,897 206,287,695 204,865,695 459,219,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519

269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091
2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091 2,875,187,091
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
219,343,772 219,343,772 219,343,772 219,343,772 219,343,772
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,057,487,894 1,026,532,346 1,064,107,467 1,067,464,843 1,036,174,758
3,611,811,930 3,580,856,382 3,618,431,503 3,621,788,879 3,590,498,794
185,471,983 184,175,307 191,260,587 187,947,226 185,451,121

2034 2034 2034 2035 2035
1,184,565,375 1,213,825,282 1,641,317,051 1,353,809,614 1,444,574,141

560,675,187 571,253,187 566,418,109 620,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
2,875,187,091 2,875,187,091 2,875,187,091 0 0
4,890,002,924 4,968,351,585 5,468,029,782 2,359,473,914 2,208,310,937
877,883 877,883 877,883 877,883 877,883

179,324,188 178,876,995 181,025,038 201,187,650 195,464,302
5,070,204,995 5,148,106,463 5,649,932,704 2,561,539,447 2,404,653,122
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
563,535,295 593,386,119 627,550,908 648,428,862 775,800,712

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
3,641,567 3,641,567 3,641,567 - -
217,178,731 230,948,122 619,228,399 312,936,387 287,889,837
200,209,782 185,849,474 190,896,177 192,444,365 180,883,592
1,184,565,375 1,213,825,282 1,641,317,051 1,353,809,614 1,444,574,141
206,287,695 216,865,695 212,030,617 266,169,276 216,795,539

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 571,253,187 566,418,109 620,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766

269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
2,875,187,091 2,875,187,091 2,875,187,091 - -
2,875,187,091 2,875,187,091 2,875,187,091 - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 770,763,337 770,763,337 770,763,337 770,763,337
0 941,361,386 0 0 0
0 0 0 707,771,978 0
219,343,772 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,074,071,292 1,042,568,096 1,080,677,742 1,084,035,118 981,867,498
3,628,395,328 5,089,673,084 4,186,421,343 4,897,550,697 4,087,611,099
200,209,782 185,849,474 190,896,177 192,444,365 180,883,592

2035 2035 2035 2035 2035
1,156,555,110 1,164,131,843 1,194,793,977 1,493,415,365 1,153,168,193

559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
0 0 0 0 0
1,985,383,568 2,287,247,129 2,023,622,436 2,456,312,285 2,098,950,911
877,883 877,883 877,883 877,883 877,883

194,976,859 17,832,928 20,714,588 17,744,096 44,471,450
2,181,238,311 2,305,957,940 2,045,214,907 2,474,934,265 2,144,300,244
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
542,485,776 568,314,082 582,054,877 867,118,896 552,578,730

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
227,969,061 205,050,906 223,828,075 238,886,969 210,511,139
186,100,273 190,766,855 188,911,025 187,409,500 190,078,324
1,156,555,110 1,164,131,843 1,194,793,977 1,493,415,365 1,153,168,193
204,865,695 460,641,769 204,865,695 223,401,897 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531

269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,090,424,963 1,058,394,229 1,097,031,412 1,064,787,567 1,103,277,060
4,196,168,564 4,164,137,830 4,202,775,014 4,170,531,169 4,209,020,662
186,100,273 190,766,855 188,911,025 187,409,500 190,078,324

2035 2035 2035 2035 2035
1,182,742,794 1,163,085,747 1,154,892,885 1,599,767,725 1,647,841,927

559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
0 0 0 0 0
2,050,082,006 2,207,757,526 1,985,143,344 2,467,106,937 2,599,367,567
877,883 877,883 877,883 877,883 877,883

0 0 187,606,880 179,294,663 178,847,544
2,050,959,889 2,208,635,409 2,173,628,107 2,647,279,483 2,779,092,994
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
543,882,854 561,100,884 545,043,076 594,484,316 632,677,587

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
247,389,180 213,078,029 215,519,851 230,948,122 620,887,279
191,470,760 188,906,834 194,329,959 574,335,288 194,277,061
1,182,742,794 1,163,085,747 1,154,892,885 1,599,767,725 1,647,841,927
204,865,695 459,219,769 206,287,695 204,865,695 212,030,617

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531

308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
- - - - -
- - - - -
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
0 0 0 941,361,386 0
0 0 0 0 0
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,106,273,634 1,073,393,753 1,112,170,119 1,079,100,028 1,118,066,604
4,212,017,236 4,179,137,354 4,217,913,720 5,126,205,016 4,223,810,205
191,470,760 188,906,834 194,329,959 574,335,288 194,277,061

2036 2036 2036 2036 2036
1,293,111,398 1,455,136,848 1,382,717,695 1,153,494,094 1,186,364,598

570,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
3,912,246,116 3,882,344,063 3,875,016,572 3,940,079,798 3,678,663,475
877,883 877,883 877,883 877,883 877,883

204,240,967 195,989,880 195,501,127 17,943,403 17,898,656
4,117,364,966 4,079,211,826 4,071,395,583 3,958,901,084 3,697,440,015
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
640,593,395 778,832,925 761,807,516 553,582,510 575,158,553

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
258,277,507 292,389,837 229,627,941 208,368,666 218,851,435
194,240,496 183,914,086 191,282,238 191,542,918 192,354,610
1,293,111,398 1,455,136,848 1,382,717,695 1,153,494,094 1,186,364,598
216,169,276 216,795,539 204,865,695 460,641,769 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
570,556,768 571,183,031 559,253,187 815,029,261 559,253,187
385,107,531 192,553,766 269,575,272 308,086,025 269,575,272

385,107,531 192,553,766 269,575,272 308,086,025 269,575,272
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
0 0 0 0 0
707,771,978 0 0 0 0
2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,121,063,178 1,051,358,913 1,126,862,999 1,093,318,944 1,132,759,483
6,960,306,919 6,182,830,677 6,258,334,762 6,224,790,708 6,264,231,247
194,240,496 183,914,086 191,282,238 191,542,918 192,354,610

2036 2036 2036 2036 2036
1,516,815,273 1,149,789,709 1,189,720,748 1,152,113,168 1,180,424,251

577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
4,143,182,611 3,759,042,846 3,720,530,378 3,860,255,366 3,674,145,128
877,883 877,883 877,883 877,883 877,883

20,686,697 365,941 42,686,079 0 179,179,438
4,164,747,192 3,760,286,671 3,764,094,340 3,861,133,249 3,854,202,450
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
885,274,668 549,503,730 550,525,414 554,360,660 564,718,436

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
240,545,849 207,377,379 243,864,060 205,278,029 220,102,507
190,994,756 192,908,600 195,331,273 192,474,479 195,603,308
1,516,815,273 1,149,789,709 1,189,720,748 1,152,113,168 1,180,424,251
223,401,897 206,287,695 204,865,695 459,219,769 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
577,789,389 560,675,187 559,253,187 813,607,261 560,675,187
385,107,531 385,107,531 308,086,025 231,064,519 269,575,272

385,107,531 385,107,531 308,086,025 231,064,519 269,575,272
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
770,763,337 770,763,337 770,763,337 770,763,337 770,763,337
0 0 0 0 0
0 0 0 0 0
2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162 2,025,728,162
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,099,025,220 1,138,758,970 1,141,858,546 1,107,927,229 1,147,957,713
6,230,496,983 6,270,230,734 6,273,330,310 6,239,398,992 6,279,429,476
190,994,756 192,908,600 195,331,273 192,474,479 195,603,308

2036 2036 2037 2037 2037
1,215,202,039 1,657,017,845 1,348,112,507 1,443,658,372 1,177,595,718

559,253,187 566,418,109 582,556,768 571,183,031 559,253,187
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
3,746,011,670 4,272,013,904 3,979,247,225 3,870,865,587 3,669,894,596
877,883 877,883 877,883 877,883 877,883

186,345,425 178,286,890 201,239,086 197,950,887 195,032,244
3,933,234,978 4,451,178,677 4,181,364,194 4,069,694,358 3,865,804,723
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
595,788,176 638,338,643 652,372,531 770,056,093 556,911,838

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
226,365,466 620,887,279 297,802,627 286,023,597 227,969,061
193,048,397 197,791,923 197,937,349 187,578,682 192,714,819
1,215,202,039 1,657,017,845 1,348,112,507 1,443,658,372 1,177,595,718
204,865,695 212,030,617 228,169,276 216,795,539 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 566,418,109 582,556,768 571,183,031 559,253,187
308,086,025 385,107,531 385,107,531 192,553,766 269,575,272

308,086,025 385,107,531 385,107,531 192,553,766 269,575,272
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
941,361,386 0 0 0 0
0 0 707,771,978 0 0
2,513,610,509 2,513,610,509 487,882,347 487,882,347 487,882,347
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,113,829,648 1,154,056,879 1,157,156,455 1,047,702,259 1,163,055,649
6,903,781,807 6,002,647,652 4,687,791,044 3,870,564,870 3,985,918,260
193,048,397 197,791,923 197,937,349 187,578,682 192,714,819

2037 2037 2037 2037 2037
1,162,353,664 1,242,200,781 1,749,248,353 1,162,249,837 1,197,809,074

815,029,261 559,253,187 577,789,389 560,675,187 559,253,187
308,086,025 269,575,272 385,107,531 385,107,531 308,086,025
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
3,948,939,368 3,734,499,658 4,375,615,692 3,771,502,974 3,728,618,705
877,883 877,883 877,883 877,883 877,883

18,030,771 17,985,806 17,940,954 3,097,345 0
3,967,848,022 3,753,363,348 4,394,434,529 3,775,478,202 3,729,496,588
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
559,190,665 575,598,468 1,115,721,419 558,391,765 553,577,297

200,000,000 250,000,000 200,000,000 200,000,000 200,000,000
- - - - -
207,974,682 220,510,315 238,886,969 207,377,379 245,522,940
195,188,317 196,091,998 194,639,966 196,480,693 198,708,837
1,162,353,664 1,242,200,781 1,749,248,353 1,162,249,837 1,197,809,074
460,641,769 204,865,695 223,401,897 206,287,695 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
815,029,261 559,253,187 577,789,389 560,675,187 559,253,187
308,086,025 269,575,272 385,107,531 385,107,531 308,086,025

308,086,025 269,575,272 385,107,531 385,107,531 308,086,025
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
487,882,347 780,916,682 780,916,682 780,916,682 780,916,682
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,128,440,554 1,169,154,815 1,134,342,973 1,175,352,219 1,178,550,033
3,951,303,165 4,285,051,761 4,250,239,919 4,291,249,165 4,294,446,979
195,188,317 196,091,998 194,639,966 196,480,693 198,708,837

2037 2037 2037 2037 2038
1,187,646,145 1,178,679,354 1,217,083,406 1,670,055,926 1,329,009,829

813,607,261 560,675,187 559,253,187 566,418,109 570,556,768
231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 4,106,864,811
3,895,788,343 3,672,400,231 3,747,893,037 4,285,051,985 6,391,538,940
877,883 877,883 877,883 877,883 877,883

41,322,759 179,107,107 178,660,456 185,584,597 201,264,578
3,937,988,985 3,852,385,222 3,927,431,376 4,471,514,465 6,593,681,401
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
582,582,559 563,683,487 592,316,711 645,818,014 653,337,133

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
208,595,789 215,519,851 228,024,346 622,753,519 268,277,507
196,467,797 199,476,016 196,742,350 201,484,394 207,395,190
1,187,646,145 1,178,679,354 1,217,083,406 1,670,055,926 1,329,009,829
459,219,769 206,287,695 204,865,695 212,030,617 216,169,276

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
813,607,261 560,675,187 559,253,187 566,418,109 570,556,768
231,064,519 269,575,272 308,086,025 385,107,531 385,107,531

231,064,519 269,575,272 308,086,025 385,107,531 385,107,531
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 4,106,864,811
1,663,470,419 1,663,470,419 1,663,470,419 1,663,470,419 4,106,864,811
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 941,361,386 0 0
0 0 0 0 707,771,978
780,916,682 780,916,682 293,034,335 293,034,335 293,034,335
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,143,527,120 1,184,842,505 1,149,616,610 1,191,134,977 1,194,332,791
4,259,424,066 4,300,739,451 4,718,992,595 3,819,149,576 4,530,119,367
196,467,797 199,476,016 196,742,350 201,484,394 207,395,190

2038 2038 2038 2038 2038
1,447,353,925 1,191,836,875 1,167,806,892 1,213,330,009 1,538,610,256

571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811
6,317,955,532 6,127,530,145 6,397,786,988 6,149,023,279 6,608,371,987
877,883 877,883 877,883 877,883 877,883

195,547,359 197,413,128 18,129,423 18,084,213 18,039,115
6,514,380,774 6,325,821,156 6,416,794,295 6,167,985,375 6,627,288,986
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
771,390,358 566,093,277 562,269,362 594,686,531 899,660,406

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
284,364,717 229,351,461 206,329,626 218,851,435 240,269,369
191,598,849 196,392,137 199,207,904 199,792,044 198,680,481
1,447,353,925 1,191,836,875 1,167,806,892 1,213,330,009 1,538,610,256
216,795,539 204,865,695 460,641,769 204,865,695 223,401,897

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
571,183,031 559,253,187 815,029,261 559,253,187 577,789,389
192,553,766 269,575,272 308,086,025 269,575,272 385,107,531

192,553,766 269,575,272 308,086,025 269,575,272 385,107,531
4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811
4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
293,034,335 293,034,335 293,034,335 1,492,106,845 1,492,106,845
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,081,361,028 1,200,418,952 1,164,690,591 1,206,711,425 1,170,780,080
3,709,375,627 3,828,433,551 3,792,705,190 5,033,798,534 4,997,867,189
191,598,849 196,392,137 199,207,904 199,792,044 198,680,481

2038 2038 2038 2038 2038
1,164,500,918 1,206,595,328 1,097,236,618 1,141,919,853 1,170,911,167

560,675,187 559,253,187 813,607,261 560,675,187 559,253,187
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025
4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811
6,217,148,447 6,180,799,351 6,248,773,208 6,079,035,123 6,145,115,191
877,883 877,883 877,883 877,883 877,883

344,656 2,654,624 0 219,037,786 178,588,335
6,218,370,987 6,184,331,858 6,249,651,092 6,298,950,792 6,324,581,409
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
556,453,492 559,945,328 546,395,710 570,559,790 596,975,958

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
207,671,139 243,864,060 205,001,549 218,457,451 227,747,866
200,376,287 202,785,940 145,839,359 152,902,612 146,187,344
1,164,500,918 1,206,595,328 1,097,236,618 1,141,919,853 1,170,911,167
206,287,695 204,865,695 459,219,769 206,287,695 204,865,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 559,253,187 813,607,261 560,675,187 559,253,187
385,107,531 308,086,025 231,064,519 269,575,272 308,086,025

385,107,531 308,086,025 231,064,519 269,575,272 308,086,025
4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811
4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811 4,106,864,811
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 941,361,386
0 0 0 0 0
1,492,106,845 1,492,106,845 1,492,106,845 1,492,106,845 1,711,450,617
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,213,105,716 1,216,405,348 1,180,256,653 1,222,898,174 1,186,540,032
5,040,192,825 5,043,492,457 5,007,343,762 5,049,985,283 6,174,332,299
200,376,287 202,785,940 145,839,359 152,902,612 146,187,344

2038 2039 2039 2039 2039
1,617,928,920 1,248,653,311 1,406,918,701 1,339,957,060 1,131,568,900

566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
4,106,864,811 377,375,357 377,375,357 377,375,354 377,375,357
6,676,319,371 2,581,692,967 2,548,030,854 2,546,160,873 2,632,059,543
877,883 877,883 877,883 877,883 877,883

178,142,977 208,424,319 195,574,839 195,087,121 20,506,248
6,855,340,232 2,790,995,169 2,744,483,576 2,742,125,877 2,653,443,674
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
646,321,469 647,830,895 781,521,598 763,223,732 578,910,639

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
619,228,399 249,924,707 285,747,117 227,969,061 206,329,626
152,379,052 150,897,710 139,649,986 148,764,268 146,328,635
1,617,928,920 1,248,653,311 1,406,918,701 1,339,957,060 1,131,568,900
212,030,617 216,169,276 216,795,539 204,865,695 460,641,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
566,418,109 570,556,768 571,183,031 559,253,187 815,029,261
385,107,531 385,107,531 192,553,766 269,575,272 308,086,025

385,107,531 385,107,531 192,553,766 269,575,272 308,086,025
4,106,864,811 377,375,357 377,375,357 377,375,354 377,375,357
4,106,864,811 377,375,357 377,375,357 377,375,354 377,375,357
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 707,771,978 0 0 0
1,711,450,617 1,711,450,617 1,711,450,617 1,711,450,617 1,711,450,617
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,229,390,999 1,232,690,631 1,116,089,886 1,238,970,577 1,202,093,971
5,275,821,880 5,986,893,490 5,162,520,767 5,285,401,458 5,248,524,852
152,379,052 150,897,710 139,649,986 148,764,268 146,328,635

2039 2039 2039 2039 2039
1,156,618,566 3,238,064,006 1,114,579,271 1,149,662,388 1,121,733,548

559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
377,375,357 377,375,357 377,375,357 377,375,357 377,375,357
2,362,822,382 4,578,336,283 2,437,737,346 2,394,376,956 2,543,780,684
877,883 877,883 877,883 877,883 877,883

18,182,537 18,137,194 334,483 0 2,569,840
2,381,882,802 4,597,351,360 2,438,949,712 2,395,254,840 2,547,228,407
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
587,915,040 2,649,151,988 556,738,528 555,111,302 568,530,746

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
220,233,835 243,405,849 203,852,259 245,246,460 206,556,749
148,469,691 145,506,169 153,988,484 149,304,626 146,646,053
1,156,618,566 3,238,064,006 1,114,579,271 1,149,662,388 1,121,733,548
204,865,695 223,401,897 206,287,695 204,865,695 459,219,769

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 577,789,389 560,675,187 559,253,187 813,607,261
269,575,272 385,107,531 385,107,531 308,086,025 231,064,519

269,575,272 385,107,531 385,107,531 308,086,025 231,064,519
377,375,357 377,375,357 377,375,357 377,375,357 377,375,357
377,375,357 377,375,357 377,375,357 377,375,357 377,375,357
1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099 1,314,482,099

1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850 1,000,306,850
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
219,343,772 219,343,772 219,343,772 219,343,772 219,343,772
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,245,463,403 1,208,377,351 1,252,052,467 1,255,448,338 1,218,130,321
3,799,787,439 3,762,701,386 3,806,376,503 3,809,772,374 3,772,454,357
148,469,691 145,506,169 153,988,484 149,304,626 146,646,053

2039 2039 2039 2040 2040
1,116,376,258 1,417,215,630 1,603,066,042 1,344,603,937 1,391,898,150

560,675,187 571,253,187 566,418,109 570,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
377,375,357 377,375,357 377,375,357 0 0
2,324,002,074 2,673,930,199 2,931,967,038 2,300,268,236 2,155,634,947
877,883 877,883 877,883 877,883 877,883

179,452,842 217,730,682 178,558,931 201,831,017 203,005,843
2,504,332,799 2,892,538,764 3,111,403,852 2,502,977,137 2,359,518,673
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
551,471,146 590,038,722 638,496,231 636,860,425 780,229,987

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
215,519,851 232,637,866 624,575,599 368,277,507 285,837,117
149,385,262 394,539,042 139,994,212 139,466,005 125,831,047
1,116,376,258 1,417,215,630 1,603,066,042 1,344,603,937 1,391,898,150
206,287,695 216,865,695 212,030,617 216,169,276 216,795,539

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
560,675,187 571,253,187 566,418,109 570,556,768 571,183,031
269,575,272 308,086,025 385,107,531 385,107,531 192,553,766

269,575,272 308,086,025 385,107,531 385,107,531 192,553,766
377,375,357 377,375,357 377,375,357 - -
377,375,357 377,375,357 377,375,357 - -
1,235,786,627 0 0 0 0
1,000,306,850 0 0 0 0
0 0 0 0 0
287,269,223 0 0 0 0
0 0 0 707,771,978 0
219,343,772 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,262,130,537 1,224,596,965 1,268,812,735 1,272,208,607 1,193,102,461
4,025,028,323 1,244,788,279 1,289,004,050 2,000,171,899 1,213,293,776
149,385,262 394,539,042 139,994,212 139,466,005 125,831,047

2040 2040 2040 2040 2040
1,121,827,559 1,094,243,664 1,153,897,558 1,228,195,222 1,104,918,126

559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
0 0 0 0 0
1,950,656,017 2,217,358,950 1,982,726,017 2,191,092,142 2,050,700,844
877,883 877,883 877,883 877,883 877,883

195,610,371 18,338,119 20,497,879 18,246,771 324,609
2,147,144,272 2,236,574,952 2,004,101,780 2,210,216,796 2,051,903,336
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
553,833,545 553,459,436 599,507,165 653,398,826 559,587,651

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
231,206,661 205,002,696 218,851,435 242,705,849 209,571,139
136,787,353 135,781,532 135,538,959 132,090,547 135,759,336
1,121,827,559 1,094,243,664 1,153,897,558 1,228,195,222 1,104,918,126
204,865,695 460,641,769 204,865,695 223,401,897 206,287,695

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 815,029,261 559,253,187 577,789,389 560,675,187
269,575,272 308,086,025 269,575,272 385,107,531 385,107,531

269,575,272 308,086,025 269,575,272 385,107,531 385,107,531
- - - - -
- - - - -
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,278,781,261 1,240,710,569 1,285,463,460 1,247,177,213 1,290,809,188
1,298,972,575 1,260,901,884 1,305,654,774 1,267,368,527 1,311,000,502
136,787,353 135,781,532 135,538,959 132,090,547 135,759,336

2040 2040 2040 2040 2040
1,121,947,656 1,092,988,835 1,136,905,942 1,170,397,514 4,096,767,833

559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
0 0 0 0 0
1,989,286,868 2,137,660,615 1,967,156,401 2,037,736,726 5,048,293,473
877,883 877,883 877,883 877,883 877,883

0 0 1,891,133,486 0 37,488,532
1,990,164,751 2,138,538,498 3,859,167,770 2,038,614,609 5,086,659,888
30,837,525 30,837,525 30,837,525 30,837,525 30,837,525
542,270,798 552,746,972 568,733,932 607,427,492 648,933,979

200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
- - - - -
243,864,060 207,144,269 217,178,731 230,948,122 3,108,936,510
135,812,798 133,097,594 150,993,278 132,021,899 138,897,343
1,121,947,656 1,092,988,835 1,136,905,942 1,170,397,514 4,096,767,833
204,865,695 459,219,769 206,287,695 204,865,695 212,030,617

210,000,000 210,000,000 210,000,000 210,000,000 210,000,000
60,000,000 60,000,000 60,000,000 60,000,000 60,000,000
84,387,492 84,387,492 84,387,492 84,387,492 84,387,492
559,253,187 813,607,261 560,675,187 559,253,187 566,418,109
308,086,025 231,064,519 269,575,272 308,086,025 385,107,531

308,086,025 231,064,519 269,575,272 308,086,025 385,107,531
- - - - -
- - - - -
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0
20,191,314 20,191,314 20,191,314 20,191,314 20,191,314
0 0 0 0 0
1,292,868,589 1,253,091,830 1,296,920,958 1,257,013,478 1,300,973,328
1,313,059,903 1,273,283,144 1,317,112,272 1,277,204,792 1,321,164,642
135,812,798 133,097,594 150,993,278 132,021,899 138,897,343

1 Base Case
Papiros 2014 2015 2016 2017 2018 2019 2020

Cat 1 834 989 950 1,029 1,621 1,706 1,791
Cat 2 130 127 123 125 134 136 139
Cat 3 18 19 20 23 29 29 30
Cat 4 41 45 37 22 34 35 36
Cat 5 14 10 43 24 47 52 56
365 Cat 6 27 4 3 3 10 11 12
Cat 7 12 20 12 14 12 13 14
1,075 1,213 1,188 1,239 1,885 1,981 2,077
Pto Colombia 2014 2015 2016 2017 2018 2019 2020

Cat 1 4,482 4,907 4,983 4,921 5,025 5,289 5,552
Cat 2 329 368 396 425 409 417 426
Cat 3 209 226 225 199 212 218 225
Cat 4 31 28 31 33 28 29 30
Cat 5 9 9 13 31 40 44 48
Cat 6 10 17 18 15 13 14 15
Cat 7 27 36 49 55 38 42 45
5,096 5,591 5,716 5,680 5,765 6,052 6,340
Marahuaco 2014 2015 2016 2017 2018 2019 2020

Cat 1 3180 3,441 3,540 3,505 3,697 3,700 3,703
Cat 2 178 209 216 248 248 253 258
Cat 3 171 185 179 157 173 177 180
Cat 4 54 45 36 33 36 37 37
Cat 5 5 2 5 6 6 7 7
Cat 6 5 3 3 1 1 1 1
Cat 7 7 3 2 3 2 2 2
3599 3887 3981 3954 4163 4176 4189
Circ Prosp 2014 2015 2016 2017 2018 2019 2020

Cat 1 655 675 695 716 738 631 524
Cat 2 223 230 237 244 251 267 283
Cat 3 668 688 708 730 752 775 798
Cat 4 126 130 134 138 142 146 151
Cat 5 28 29 30 31 32 35 39
Cat 6 25 26 27 28 28 31 35
Cat 7 39 40 41 42 44 48 53
1986 1934 1881
Cas Ctrl 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
2 Downside Case
Papiros 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 1148 1205
Cat 2 0 0 0 0 0 166 169
Cat 3 0 0 0 0 0 13 14
Cat 4 0 0 0 0 0 71 74
Cat 5 0 0 0 0 0 19 21
Cat 6 0 0 0 0 0 43 47
Cat 7 0 0 0 0 0 24 26
Pto Colombia 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
Marahuaco 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 3429 3615 3801 4237 4237 4237
Cat 2 0 214 218 222 227 231 236
Cat 3 0 141 147 153 163 168 173
Cat 4 0 100 104 108 115 118 122
Cat 5 0 5 6 6 7 8 9
Cat 6 0 1 1 1 2 2 2
Cat 7 0 1 1 1 2 2 2
Circ Prosp 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
Cas Ctrl 2014 2015 2016 2017 2018 2019 2020
Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
3 Upside Case
Papiros 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
Pto Colombia 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
Marahuaco 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
Circ Prosp 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
Cas Ctrl 2014 2015 2016 2017 2018 2019 2020

Cat 1 0 0 0 0 0 0 0
Cat 2 0 0 0 0 0 0 0
Cat 3 0 0 0 0 0 0 0
Cat 4 0 0 0 0 0 0 0
Cat 5 0 0 0 0 0 0 0
Cat 6 0 0 0 0 0 0 0
Cat 7 0 0 0 0 0 0 0
Crecimientos Caso Base
Papiros 2014 2015 2016 2017 2018 2019 2020

Cat 1 993 1022 968 1020 1076 1132 1188
Cat 2 125 129 146 149 152 155 158
Cat 3 21 21 15 16 14 15 15
Cat 4 44 45 81 83 75 77 79
Cat 5 17 17 9 9 10 11 12
Cat 6 4 4 20 21 23 25 27
Cat 7 19 20 11 11 12 14 15
Pto Colombia 2014 2015 2016 2017 2018 2019 2020

Cat 1 4814 4959 5287 5570 5655 5951 6248
Cat 2 360 370 349 356 363 371 378
Cat 3 27 28 322 332 294 303 312
Cat 4 221 228 61 63 56 57 59
Cat 5 9 9 14 14 16 17 19
Cat 6 10 10 12 13 14 16 17
Cat 7 42 43 19 20 22 24 26
Marahuaco 2014 2015 2016 2017 2018 2019 2020

Cat 1 3375 3,476 3,606 3,799 4,229 4,233 4,237
Cat 2 205 211 204 208 212 216 220
Cat 3 182 187 145 150 157 161 164
Cat 4 44 45 103 106 111 114 116
Cat 5 3 3 4 4 4 5 5
Cat 6 3 3 1 1 1 1 1
Cat 7 2 3 1 1 1 1 1
Circ Prosp 2014 2015 2016 2017 2018 2019 2020
Cat 1 655 675 695 716 738 631 524
Cat 2 223 230 237 244 251 267 283
Cat 3 668 688 708 730 752 775 798
Cat 4 126 130 134 138 142 146 151
Cat 5 28 29 30 31 32 35 39
Cat 6 25 26 27 28 28 31 35
Cat 7 39 40 41 42 44 48 53
Papiros 2014 2015 2016 2017 2018 2019 2020

Cat 1 57.44% 5.24% 4.98%
Cat 2 7.13% 2.02% 1.98%
Cat 3 24.39% 3.07% 2.98%
Cat 4 53.72% 3.07% 2.98%
Cat 5 93.64% 9.58% 8.74%
Cat 6 267.93% 9.58% 8.74%
Cat 7 -14.14% 9.58% 8.74%
Pto Colombia 2014 2015 2016 2017 2018 2019 2020

Cat 1 2.12% 5.24% 4.98%
Cat 2 -3.71% 2.02% 1.98%
Cat 3 6.16% 3.07% 2.98%
Cat 4 -16.48% 3.07% 2.98%
Cat 5 28.48% 9.58% 8.74%
Cat 6 -13.10% 9.58% 8.74%
Cat 7 -31.33% 9.58% 8.74%
Marahuaco 2014 2015 2016 2017 2018 2019 2020

Cat 1 5.46% 0.09% 0.09%
Cat 2 0.07% 2.02% 1.98%
Cat 3 10.20% 2.05% 2.01%
Cat 4 8.54% 2.05% 2.01%
Cat 5 -2.09% 9.58% 8.74%
Cat 6 -52.78% 9.58% 8.74%
Cat 7 -30.09% 9.58% 8.74%
Circ Prosp 2014 2015 2016 2017 2018 2019 2020

Cat 1 3.00% -14.48% -16.93%
Cat 2 3.00% 6.31% 5.93%
Cat 3 3.00% 3.07% 2.98%
Cat 4 3.00% 3.07% 2.98%
Cat 5 3.00% 10.73% 9.69%
Cat 6 3.00% 10.73% 9.69%
Cat 7 3.00% 10.73% 9.69%
PAPIROS días I II III IV V

Dec-16 Jun-17 181 862 122 23 22 25
Dec-17 Jun-18 181 1,357 131 28 34 49
Crecimiento 57.4% 7.1% 24.4% 53.7% 93.6%
PUERTO días I II III IV V

Dec-16 Jun-17 181 4,936 410 190 35 34
Dec-17 Jun-18 181 5,041 395 202 30 43
Crecimiento 2.1% -3.7% 6.2% -16.5% 28.5%
MAHARUdías I II III IV V
Dec-16 Jun-17 181 3,499 239 150 35 8
Dec-17 Jun-18 181 3,690 239 165 38 8
Crecimiento 5.5% 0.1% 10.2% 8.5% -2.1%
2021 2022 2023 2024 2025 2026 2027 2028
1,888 1,985 2,081 2,178 2,275 2,392 2,508 2,624
142 145 148 150 153 157 160 163
31 32 33 34 35 36 37 38
37 38 39 40 41 42 43 45
62 67 73 78 84 91 98 105
13 14 15 16 17 19 20 22
15 17 18 19 21 22 24 26
2,187 2,297 2,407 2,516 2,626 2,758 2,890 3,022
2021 2022 2023 2024 2025 2026 2027 2028

5,851 6,150 6,449 6,748 7,047 7,412 7,778 8,143
435 443 452 461 470 480 490 499
231 238 245 251 258 266 274 282
30 31 32 33 34 35 36 37
53 57 62 66 71 77 83 89
16 18 19 21 22 24 26 28
50 54 59 63 67 73 79 84
6,666 6,992 7,318 7,644 7,970 8,367 8,765 9,162
2021 2022 2023 2024 2025 2026 2027 2028

3,892 4,081 4,271 4,460 4,649 4,889 5,128 5,368
264 269 274 280 285 291 297 303
186 191 197 202 207 214 220 226
38 40 41 42 43 44 46 47
8 9 9 10 11 12 12 13
1 1 1 1 1 1 1 1
2 3 3 3 3 3 4 4
4391 4593 4795 4997 5199 5454 5708 5962
2021 2022 2023 2024 2025 2026 2027 2028

551 578 604 631 658 1121 1575 2023
297 311 324 338 352 375 399 422
821 845 869 893 916 940 964 988
155 160 164 169 173 178 182 187
43 48 53 58 62 68 73 78
39 43 47 51 56 60 65 70
59 66 72 79 85 93 100 107
1966 2050 2134 2218 2303 2835 3358 3874
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

1270 1335 1401 1466 1531 1601 1670 1740
173 176 180 184 187 191 195 199
15 15 16 16 17 18 18 19
77 80 83 87 90 93 96 100
23 26 29 31 34 37 41 44
53 59 65 70 76 84 92 99
29 32 35 38 42 46 50 54
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

4467 4697 4927 5157 5387 5704 6020 6337
241 246 250 255 260 266 271 277
180 188 195 203 210 218 226 233
127 133 138 143 149 154 160 165
10 11 12 13 14 16 17 19
2 2 3 3 3 3 4 4
2 2 3 3 3 3 4 4
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2021 2022 2023 2024 2025 2026 2027 2028

1253 1317 1381 1446 1510 1587 1664 1741
161 164 168 171 174 178 182 185
15 16 16 17 17 18 18 19
82 84 87 89 91 94 97 100
13 14 15 17 18 19 21 22
30 32 35 38 40 44 47 50
16 18 19 21 22 24 26 27
2021 2022 2023 2024 2025 2026 2027 2028

6584 6921 7257 7593 7930 8341 8753 9164
386 394 402 410 417 426 435 444
321 331 340 349 359 369 380 391
61 62 64 66 68 70 72 74
21 23 24 26 28 30 33 35
19 20 22 23 25 27 29 31
28 31 33 36 38 42 45 48
2021 2022 2023 2024 2025 2026 2027 2028

4,453 4,670 4,886 5,103 5,319 5,593 5,867 6,141
225 230 234 239 243 248 254 259
169 174 179 183 188 194 200 205
119 123 126 130 133 137 141 145
6 6 7 7 8 8 9 9
1 1 1 2 2 2 2 2
1 1 1 2 2 2 2 2
2021 2022 2023 2024 2025 2026 2027 2028
551 578 604 631 658 1121 1575 2023
297 311 324 338 352 375 399 422
821 845 869 893 916 940 964 988
155 160 164 169 173 178 182 187
43 48 53 58 62 68 73 78
39 43 47 51 56 60 65 70
59 66 72 79 85 93 100 107
2021 2022 2023 2024 2025 2026 2027 2028

5.41% 5.13% 4.88% 4.66% 4.45% 5.11% 4.86% 4.64%
2.08% 2.04% 2.00% 1.96% 1.92% 2.08% 2.04% 2.00%
2.98% 2.89% 2.81% 2.73% 2.66% 3.02% 2.93% 2.85%
2.98% 2.89% 2.81% 2.73% 2.66% 3.02% 2.93% 2.85%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
2021 2022 2023 2024 2025 2026 2027 2028

5.39% 5.11% 4.86% 4.64% 4.43% 5.19% 4.93% 4.70%
2.08% 2.04% 2.00% 1.96% 1.92% 2.08% 2.04% 2.00%
2.98% 2.89% 2.81% 2.73% 2.66% 3.02% 2.93% 2.85%
2.98% 2.89% 2.81% 2.73% 2.66% 3.02% 2.93% 2.85%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
2021 2022 2023 2024 2025 2026 2027 2028

5.11% 4.86% 4.64% 4.43% 4.24% 5.15% 4.90% 4.67%
2.08% 2.04% 2.00% 1.96% 1.92% 2.08% 2.04% 2.00%
2.98% 2.89% 2.81% 2.73% 2.66% 3.02% 2.93% 2.85%
2.98% 2.89% 2.81% 2.73% 2.66% 3.02% 2.93% 2.85%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
9.73% 8.87% 8.14% 7.53% 7.00% 8.34% 7.70% 7.15%
2021 2022 2023 2024 2025 2026 2027 2028

5.11% 4.86% 4.64% 4.43% 4.24% 70.40% 40.48% 28.42%
4.87% 4.64% 4.44% 4.25% 4.07% 6.71% 6.25% 5.84%
2.98% 2.89% 2.81% 2.73% 2.66% 2.62% 2.53% 2.45%
2.98% 2.89% 2.81% 2.73% 2.66% 2.62% 2.53% 2.45%
12.26% 10.92% 9.85% 8.96% 8.23% 8.49% 7.72% 7.08%
12.26% 10.92% 9.85% 8.96% 8.23% 8.49% 7.72% 7.08%
12.26% 10.92% 9.85% 8.96% 8.23% 8.49% 7.72% 7.08%
VI VII Total Crecimiento

2 18 1,075
9 16 1,623 51.1%
267.9% -14.1%

14 56 5,676
12 39 5,762 1.5%
-13.1% -31.3%

2 2 3,934
1 2 4,142 5.3%
-52.8% -30.1%
2029 2030 2031 2032 2033 2034 2035 2036
2,741 2,857 3,027 3,173 3,319 3,466 3,612 3,758
166 169 175 180 185 190 195 200
39 40 41 42 43 44 44 45
46 47 48 49 50 51 52 53
112 119 127 134 143 151 160 168
23 25 27 28 30 32 33 35
27 29 31 33 35 37 39 41
3,154 3,286 3,476 3,640 3,805 3,970 4,136 4,302
2029 2030 2031 2032 2033 2034 2035 2036

8,509 8,874 9,218 9,524 9,839 10,166 10,480 10,804
509 519 537 552 567 583 598 613
289 297 304 311 317 323 330 336
38 39 40 41 42 42 43 44
95 101 108 114 121 128 136 143
30 32 34 36 38 40 43 45
90 95 102 108 115 122 128 136
9,560 9,957 10,343 10,685 11,039 11,405 11,758 12,121
2029 2030 2031 2032 2033 2034 2035 2036

5,607 5,847 6,073 6,274 6,482 6,697 6,904 7,118
309 315 326 335 344 353 363 372
232 239 244 249 255 260 265 270
48 49 51 52 53 54 55 56
14 15 16 17 18 19 20 21
2 2 2 2 2 2 2 2
4 5 5 5 5 6 6 6
6217 6471 6716
0
2029 2030 2031 2032 2033 2034 2035 2036

2466 2905 3050 3203 3363 3531 3708 3819
445 468 496 521 547 574 603 621
1011 1034 1086 1140 1197 1257 1320 1360
191 195 205 215 226 237 249 257
83 88 93 97 102 107 113 116
74 79 83 87 91 96 101 104
114 121 127 133 140 147 154 159
4384 4891 5139 5396 5666 5949 6247
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

1809 1879 1977 2075 2173 2271 2369 2467
203 207 213 219 225 231 237 243
19 20 21 21 22 23 23 24
103 106 109 113 116 119 122 126
47 51 55 60 64 69 73 78
107 115 125 135 146 156 166 176
58 63 68 74 79 85 91 96
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

6654 6970 7242 7514 7785 8057 8328 8600
282 287 296 304 313 321 330 338
241 249 256 264 271 279 287 294
170 176 181 187 192 197 203 208
20 21 23 25 27 29 31 33
4 5 5 6 6 6 7 7
4 5 5 6 6 6 7 7
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
2029 2030 2031 2032 2033 2034 2035 2036

1819 1896 2009 2106 2203 2300 2397 2494
189 193 199 205 210 216 222 228
19 20 20 21 21 22 22 22
102 105 108 110 112 114 117 119
24 25 27 29 30 32 34 36
54 57 61 65 69 73 77 81
29 31 33 35 37 40 42 44
2029 2030 2031 2032 2033 2034 2035 2036

9575 9986 10373 10717 11072 11440 11793 12158
452 461 477 490 504 518 531 545
402 413 423 431 440 449 458 467
76 78 80 81 83 85 86 88
37 40 43 45 48 51 54 57
34 36 38 40 43 45 48 51
51 55 58 62 66 69 73 77
2029 2030 2031 2032 2033 2034 2035 2036

6,415 6,689 6,948 7,179 7,417 7,663 7,900 8,144
264 269 278 286 294 302 310 318
211 217 222 227 231 236 241 245
149 153 157 160 163 167 170 173
10 11 11 12 13 14 14 15
2 2 3 3 3 3 3 3
2 2 3 3 3 3 3 3
2029 2030 2031 2032 2033 2034 2035 2036
2466 2905 3050 3203 3363 3531 3708 3819
445 468 496 521 547 574 603 621
1011 1034 1086 1140 1197 1257 1320 1360
191 195 205 215 226 237 249 257
83 88 93 97 102 107 113 116
74 79 83 87 91 96 101 104
114 121 127 133 140 147 154 159
2029 2030 2031 2032 2033 2034 2035 2036

4.43% 4.24% 5.95% 4.83% 4.61% 4.41% 4.22% 4.05%
1.96% 1.92% 3.43% 2.85% 2.77% 2.70% 2.63% 2.56%
2.77% 2.70% 2.40% 2.06% 2.06% 2.06% 1.92% 1.92%
2.77% 2.70% 2.40% 2.06% 2.06% 2.06% 1.92% 1.92%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
2029 2030 2031 2032 2033 2034 2035 2036

4.49% 4.30% 3.87% 3.32% 3.32% 3.32% 3.09% 3.09%
1.96% 1.92% 3.43% 2.85% 2.77% 2.70% 2.63% 2.56%
2.77% 2.70% 2.40% 2.06% 2.06% 2.06% 1.92% 1.92%
2.77% 2.70% 2.40% 2.06% 2.06% 2.06% 1.92% 1.92%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
2029 2030 2031 2032 2033 2034 2035 2036

4.46% 4.27% 3.87% 3.32% 3.32% 3.32% 3.09% 3.09%
1.96% 1.92% 3.43% 2.85% 2.77% 2.70% 2.63% 2.56%
2.77% 2.70% 2.40% 2.06% 2.06% 2.06% 1.92% 1.92%
2.77% 2.70% 2.40% 2.06% 2.06% 2.06% 1.92% 1.92%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
6.67% 6.26% 7.02% 6.00% 6.00% 6.00% 5.59% 5.59%
2029 2030 2031 2032 2033 2034 2035 2036

21.90% 17.81% 5.00% 5.00% 5.00% 5.00% 5.00% 3.00%
5.49% 5.17% 5.86% 5.00% 5.00% 5.00% 5.00% 3.00%
2.37% 2.29% 5.00% 5.00% 5.00% 5.00% 5.00% 3.00%
2.37% 2.29% 5.00% 5.00% 5.00% 5.00% 5.00% 3.00%
6.54% 6.07% 5.00% 5.00% 5.00% 5.00% 5.00% 3.00%
6.54% 6.07% 5.00% 5.00% 5.00% 5.00% 5.00% 3.00%
6.54% 6.07% 5.00% 5.00% 5.00% 5.00% 5.00% 3.00%
2037 2038 2039 2040 2041 2042 2043
3,904 4,050 4,197 4,343 4,473 4,607 4,746
205 210 215 220 227 233 240
46 47 48 49 50 52 53
54 55 56 57 59 61 63
178 188 198 209 216 222 229
37 39 41 44 45 46 48
44 46 49 51 53 55 56
4,469 4,636 4,805 4,974 5,123 5,277 5,435
-
2037 2038 2039 2040 2041 2042 2043
11,138 11,483 11,838 12,204 12,448 12,697 12,950
629 644 659 675 688 702 716
342 349 356 363 370 377 385
45 46 47 48 49 50 51
151 160 169 178 182 185 189
47 50 53 56 57 58 59
143 151 160 169 172 175 179
12,496 12,882 13,280 13,691 13,965 14,244 14,529
2037 2038 2039 2040 2041 2042 2043

7,338 7,565 7,799 8,040 8,140 8,242 8,345
381 391 400 409 414 419 425
275 280 286 291 295 299 302
57 58 59 60 61 62 63
23 24 25 27 27 27 28
3 3 3 3 3 3 3
7 7 8 8 8 8 8
2037 2038 2039 2040 2041 2042 2043

3933 4051 4173 4298 4384 4472 4561
639 659 678 699 713 727 741
1400 1442 1486 1530 1561 1592 1624
264 272 281 289 295 301 307
119 123 127 130 133 136 138
107 110 113 117 119 121 124
163 168 173 179 182 186 189
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

2565 2663 2761 2859 2945 3034 3125
249 255 261 267 275 283 292
24 25 26 26 27 28 29
129 132 135 138 143 147 151
83 87 92 96 99 102 105
187 197 207 218 224 231 238
102 108 113 119 122 126 130
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

8871 9143 9415 9686 0 0 0
346 355 363 372 0 0 0
302 309 317 324 0 0 0
213 219 224 229 0 0 0
35 37 39 41 0 0 0
8 8 9 9 0 0 0
8 8 9 9 0 0 0
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
2037 2038 2039 2040 2041 2042 2043

2591 2688 2785 2882 2968 3058 3149
233 239 245 250 258 265 273
23 23 24 24 25 26 27
121 123 126 128 132 136 140
38 40 42 45 46 47 49
85 90 95 101 104 107 110
47 49 52 55 57 58 60
2037 2038 2039 2040 2041 2042 2043

12534 12921 13321 13733 14007 14287 14573
558 572 586 599 611 623 636
476 485 494 504 514 524 535
90 92 93 95 97 99 101
60 63 67 70 72 73 75
53 56 60 63 64 65 67
82 86 91 96 98 100 102
2037 2038 2039 2040 2041 2042 2043

8,396 8,655 8,923 9,199 9,314 9,430 9,548
326 333 341 349 354 358 363
250 255 260 265 268 271 275
177 180 183 187 189 192 194
16 17 18 19 19 19 20
4 4 4 4 4 4 4
4 4 4 4 4 4 4
2037 2038 2039 2040 2041 2042 2043
3933 4051 4173 4298 4384 4472 4561
639 659 678 699 713 727 741
1400 1442 1486 1530 1561 1592 1624
264 272 281 289 295 301 307
119 123 127 130 133 136 138
107 110 113 117 119 121 124
163 168 173 179 182 186 189
2037 2038 2039 2040 2041 2042 2043

3.89% 3.75% 3.61% 3.48% 3.00% 3.00% 3.00%
2.50% 2.44% 2.38% 2.32% 3.00% 3.00% 3.00%
1.92% 1.92% 1.92% 1.92% 3.00% 3.00% 3.00%
1.92% 1.92% 1.92% 1.92% 3.00% 3.00% 3.00%
5.59% 5.59% 5.59% 5.59% 3.00% 3.00% 3.00%
5.59% 5.59% 5.59% 5.59% 3.00% 3.00% 3.00%
5.59% 5.59% 5.59% 5.59% 3.00% 3.00% 3.00%
2037 2038 2039 2040 2041 2042 2043

3.09% 3.09% 3.09% 3.09% 2.00% 2.00% 2.00%
2.50% 2.44% 2.38% 2.32% 2.00% 2.00% 2.00%
1.92% 1.92% 1.92% 1.92% 2.00% 2.00% 2.00%
1.92% 1.92% 1.92% 1.92% 2.00% 2.00% 2.00%
5.59% 5.59% 5.59% 5.59% 2.00% 2.00% 2.00%
5.59% 5.59% 5.59% 5.59% 2.00% 2.00% 2.00%
5.59% 5.59% 5.59% 5.59% 2.00% 2.00% 2.00%
2037 2038 2039 2040 2041 2042 2043

3.09% 3.09% 3.09% 3.09% 1.25% 1.25% 1.25%
2.50% 2.44% 2.38% 2.32% 1.25% 1.25% 1.25%
1.92% 1.92% 1.92% 1.92% 1.25% 1.25% 1.25%
1.92% 1.92% 1.92% 1.92% 1.25% 1.25% 1.25%
5.59% 5.59% 5.59% 5.59% 1.25% 1.25% 1.25%
5.59% 5.59% 5.59% 5.59% 1.25% 1.25% 1.25%
5.59% 5.59% 5.59% 5.59% 1.25% 1.25% 1.25%
2037 2038 2039 2040 2041 2042 2043

3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00%
3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00%
3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00%
3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00%
3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00%
3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00%
3.00% 3.00% 3.00% 3.00% 2.00% 2.00% 2.00%
2014 2014 2014
Oct-14 Nov-14 Dec-14
Operations & Maintenance (Real COP)
Operations & Administratio $ 287.5 0.0 0.0 0.0
Routine Maintenance $ 212.1 0.0 0.1 0.1
Replacement of Systems $ 30.4 0.0 0.0 0.0
Insurance $ 27.9 0.0 1.6 0.0
Other expenses $ 12.1 0.0 0.0 8.4
Trust costs (Minimum Wages per Month) 0 23 23
Cronograma anual 2014 2015 2016
Operations & Administration 0.00% 0.00% 2.75%

Routine Maintenance 0.10% 0.58% 0.53%
Replacement of Systems 0.00% 0.00% 0.00%
Insurance 5.60% 5.26% 8.17%
Other expenses 68.95% 31.05% 0.00%
2015 2015 2015 2015 2015 2015 2015
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.1 0.1 0.1 0.1 0.1 0.1 0.1
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2017 2018 2019 2020 2021 2022 2023
2.58% 2.53% 2.82% 4.51% 4.50% 4.50% 4.50%

1.12% 2.04% 3.48% 4.65% 4.65% 4.65% 4.65%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
8.59% 8.70% 6.02% 3.94% 4.07% 3.64% 3.04%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2015 2015 2015 2015 2015 2016 2016
Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.1 0.1 0.1 0.1 0.1 0.1 0.1
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 1.5 0.0 0.0 0.0
0.0 0.0 3.8 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2024 2025 2026 2027 2028 2029 2030
4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50%

4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65%
4.17% 25.00% 20.83% 0.00% 0.00% 0.00% 0.00%
3.04% 3.04% 2.77% 2.77% 2.77% 2.77% 2.77%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2016 2016 2016 2016 2016 2016 2016
Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16
1.0 0.8 0.8 0.7 0.7 0.7 0.7

0.1 0.1 0.1 0.1 0.1 0.1 0.1
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2031 2032 2033 2034 2035 2036 2037
4.50% 4.50% 4.50% 4.50% 4.50% 4.50% 4.50%

4.65% 4.65% 4.65% 4.65% 4.65% 4.65% 4.65%
0.00% 0.00% 0.00% 4.17% 25.00% 20.83% 0.00%
2.77% 2.77% 2.77% 2.77% 2.77% 2.77% 2.77%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2016 2016 2016 2017 2017 2017 2017
Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17
0.7 0.7 1.0 0.7 0.6 0.6 0.6

0.1 0.1 0.1 0.1 0.1 0.1 0.1
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 2.3 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2038 2039
4.50% 3.73%
4.65% 3.87%
0.00% 0.00%
2.77% 0.85%
0.00% 0.00%
2017 2017 2017 2017 2017 2017 2017
May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17
0.6 0.6 0.6 0.6 0.6 0.6 0.6

0.2 0.2 0.2 0.2 0.2 0.2 0.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.1 0.0 0.0 0.0 0.0 0.0 2.3
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2017 2018 2018 2018 2018 2018 2018
Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
0.6 0.6 0.6 0.6 0.6 0.6 0.6

0.2 0.2 0.2 0.2 0.2 0.4 0.4
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.2 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2018 2018 2018 2018 2018 2018 2019
Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19
0.6 0.6 0.6 0.6 0.7 0.7 0.7

0.4 0.4 0.4 0.4 0.5 0.5 0.6
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 2.2 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2019 2019 2019 2019 2019 2019 2019
Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19
0.7 0.7 0.7 0.7 0.7 0.7 0.7

0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.2 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2019 2019 2019 2019 2020 2020 2020
Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20
0.7 0.7 0.7 0.7 1.1 1.1 1.1

0.6 0.6 0.6 0.6 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 1.5 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2020 2020 2020 2020 2020 2020 2020
Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.2 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2020 2020 2021 2021 2021 2021 2021
Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.9 0.0 0.1 0.0 0.0 0.0 0.2
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2021 2021 2021 2021 2021 2021 2021
Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.9 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2022 2022 2022 2022 2022 2022 2022
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.1 0.0 0.0 0.0 0.1 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2022 2022 2022 2022 2022 2023 2023
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.9 0.0 0.1 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2023 2023 2023 2023 2023 2023 2023
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2023 2023 2023 2024 2024 2024 2024
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.8 0.0 0.1 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2024 2024 2024 2024 2024 2024 2024
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.6
0.0 0.0 0.0 0.0 0.0 0.0 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2024 2025 2025 2025 2025 2025 2025
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.0 0.1 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23.00 23.00 23.00 23.00 23.00 23.00
2025 2025 2025 2025 2025 2025 2026
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.0 0.0 0.0 0.0 0.8 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23.00 23.00 23.00 23.00 23.00 23.00 23
2026 2026 2026 2026 2026 2026 2026
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2026 2026 2026 2026 2027 2027 2027
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.8 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2027 2027 2027 2027 2027 2027 2027
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2027 2027 2028 2028 2028 2028 2028
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.8 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2028 2028 2028 2028 2028 2028 2028
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.8 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2029 2029 2029 2029 2029 2029 2029
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2029 2029 2029 2029 2029 2030 2030
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.8 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2030 2030 2030 2030 2030 2030 2030
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2030 2030 2030 2031 2031 2031 2031
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.8 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2031 2031 2031 2031 2031 2031 2031
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2031 2032 2032 2032 2032 2032 2032
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2032 2032 2032 2032 2032 2032 2033
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.8 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2033 2033 2033 2033 2033 2033 2033
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2033 2033 2033 2033 2034 2034 2034
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.8 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2034 2034 2034 2034 2034 2034 2034
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2034 2034 2035 2035 2035 2035 2035
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.8 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2035 2035 2035 2035 2035 2035 2035
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.0 0.0 0.0 0.0 0.0 0.8 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2036 2036 2036 2036 2036 2036 2036
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.6 0.6 0.6 0.6 0.6
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2036 2036 2036 2036 2036 2037 2037
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.6 0.6 0.6 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.8 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2037 2037 2037 2037 2037 2037 2037
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2037 2037 2037 2038 2038 2038 2038
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.8 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2038 2038 2038 2038 2038 2038 2038
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2038 2039 2039 2039 2039 2039 2039
1.1 1.1 1.1 1.1 1.1 1.1 1.1

0.8 0.8 0.8 0.8 0.8 0.8 0.8
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2039 2039 2039 2039 2039 2039 2040
1.1 1.1 1.1 1.0 0.0 0.0 0.0

0.8 0.8 0.8 0.8 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.2 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2040 2040 2040 2040 2040 2040 2040
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2040 2040 2040 2040 2041 2041 2041
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2041 2041 2041 2041 2041 2041 2041
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2041 2041 2042 2042 2042 2042 2042
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2042 2042 2042 2042 2042 2042 2042
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2043 2043 2043 2043 2043 2043 2043
0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
23 23 23 23 23 23 23
2043 2043 2043 2043 2043
0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0
23 23 23 23 23
0
Subcuenta Predios Subcuenta Compensac
Aporte Amount Days Date Año Aporte

1 $29,035.23 0 31-Oct-14 2014 0
2 $43,552.85 180 30-Apr-15 2015 1
3 $51,510.09 360 31-Oct-15 2015 2
4 $51,510.09 540 30-Apr-16 2016 3
5 $0.00 120 28-Feb-15 2015 4
6 $0.00 150 31-Mar-15 2015 5
7 $0.00 180 30-Apr-15 2015 6
8 $0.00 210 31-May-15 2015 7
9 $0.00 240 30-Jun-15 2015 8
10 $0.00 270 31-Jul-15 2015 9
11 $0.00 300 31-Aug-15 2015 10
12 $0.00 330 30-Sep-15 2015 11
13 $0.00 360 31-Oct-15 2015 12
14 $0.00 390 30-Nov-15 2015 13
15 $0.00 420 31-Dec-15 2015 14
16 $0.00 450 31-Jan-16 2016 15
17 $0.00 480 29-Feb-16 2016 16
18 $0.00 510 31-Mar-16 2016 17
Total $175,608.25 18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
Total
1000
Subcuenta Compensaciones Ambientales Subcuenta Interventoria
Amount Months Date Año Aporte Amount Months

$0.00 0 31-Oct-14 2014 1 $6,033.80 0
$21,658.57 1 30-Nov-14 2014 2 $19,755.61 12
$12,150.94 12 31-Oct-15 2015 3 $10,634.96 24
$28,352.20 18 30-Apr-16 2016 4 $5,641.27 36
$142.14 72 31-Oct-20 2020 5 $233.04 48
$0.00 72 31-Oct-20 2020 6 $425.16 60
$0.00 72 31-Oct-20 2020 7 $6,484.50 72
$0.00 72 31-Oct-20 2020 8 $414.48 84
$0.00 72 31-Oct-20 2020 9 $414.48 96
$0.00 72 31-Oct-20 2020 10 $414.48 108
$0.00 72 31-Oct-20 2020 11 $414.48 120
$0.00 72 31-Oct-20 2020 12 $414.48 132
$0.00 72 31-Oct-20 2020 13 $414.48 144
$0.00 72 31-Oct-20 2020 14 $414.48 156
$0.00 72 31-Oct-20 2020 15 $414.48 168
$0.00 72 31-Oct-20 2020 16 $414.48 180
$0.00 72 31-Oct-20 2020 17 $414.48 192
$0.00 72 31-Oct-20 2020 18 $414.48 204
$0.00 72 31-Oct-20 2020 19 $414.48 216
$0.00 72 31-Oct-20 2020 20 $414.48 228
$0.00 72 31-Oct-20 2020 21 $414.48 240
$0.00 72 31-Oct-20 2020 22 $414.48 252
$0.00 72 31-Oct-20 2020 23 $414.48 264
$0.00 72 31-Oct-20 2020 24 $414.48 276
$0.00 72 31-Oct-20 2020 25 $414.48 288
$0.00 72 31-Oct-20 2020 26 $0.00 300
$0.00 72 31-Oct-20 2020 27 $0.00 312
$0.00 72 31-Oct-20 2020 28 $0.00 324
$0.00 72 31-Oct-20 2020 29 $0.00 336
$0.00 72 31-Oct-20 2020 30 $0.00 348
$0.00 72 31-Oct-20 2020 31 $0.00 360
$0.00 72 31-Oct-20 2020 32 $0.00 372
$0.00 72 31-Oct-20 2020 33 $0.00 384
$0.00 72 31-Oct-20 2020 34 $0.00 396
$0.00 72 31-Oct-20 2020 35 $0.00 408
$0.00 72 31-Oct-20 2020 36 $0.00 420
$0.00 72 31-Oct-20 2020 37 $0.00 432
$0.00 72 31-Oct-20 2020 Total $56,669.06
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$0.00 72 31-Oct-20 2020
$62,303.85
Subcuenta Soporte Contractual
Date Año Aporte Amount Months Date Año

30-Nov-14 2014 1 $350.00 0 30-Nov-14 2014
30-Nov-15 2015 2 $350.00 12 30-Nov-15 2015
30-Nov-16 2016 3 $350.00 24 30-Nov-16 2016
30-Nov-17 2017 4 $350.00 36 30-Nov-17 2017
30-Nov-18 2018 5 $350.00 48 30-Nov-18 2018
30-Nov-19 2019 6 $350.00 60 30-Nov-19 2019
30-Nov-20 2020 7 $350.00 72 30-Nov-20 2020
30-Nov-21 2021 8 $350.00 84 30-Nov-21 2021
30-Nov-22 2022 9 $350.00 96 30-Nov-22 2022
30-Nov-23 2023 10 $350.00 108 30-Nov-23 2023
30-Nov-24 2024 11 $350.00 120 30-Nov-24 2024
30-Nov-25 2025 12 $350.00 132 30-Nov-25 2025
30-Nov-26 2026 13 $350.00 144 30-Nov-26 2026
30-Nov-27 2027 14 $350.00 156 30-Nov-27 2027
30-Nov-28 2028 15 $350.00 168 30-Nov-28 2028
30-Nov-29 2029 16 $350.00 180 30-Nov-29 2029
30-Nov-30 2030 17 $350.00 192 30-Nov-30 2030
30-Nov-31 2031 18 $350.00 204 30-Nov-31 2031
30-Nov-32 2032 19 $350.00 216 30-Nov-32 2032
30-Nov-33 2033 20 $350.00 228 30-Nov-33 2033
30-Nov-34 2034 21 $350.00 240 30-Nov-34 2034
30-Nov-35 2035 22 $350.00 252 30-Nov-35 2035
30-Nov-36 2036 23 $350.00 264 30-Nov-36 2036
30-Nov-37 2037 24 $350.00 276 30-Nov-37 2037
30-Nov-38 2038 25 $350.00 288 30-Nov-38 2038
30-Nov-39 2039 26 $350.00 300 30-Nov-39 2039
30-Nov-40 2040 27 $350.00 312 30-Nov-40 0
30-Nov-41 2041 28 $350.00 324 30-Nov-41 0
30-Nov-42 2042 29 $350.00 336 30-Nov-42 0
30-Nov-43 2043 30 $350.00 348 30-Nov-43 0
30-Nov-44 2044 31 $350.00 360 30-Nov-44 0
30-Nov-45 2045 Total $10,850.00
30-Nov-46 2046
30-Nov-47 2047
30-Nov-48 2048
30-Nov-49 2049
30-Nov-50 2050
Subcuenta Redes Subcuenta Amigable Compo
Aporte Amount Days Date Año Month

0 $0.00 0 30-Nov-14 2014 10
1 $15,558.74 360 30-Nov-15 2015 1
2 $4,393.29 720 30-Nov-16 2016 7
3 $653.92 1080 30-Nov-17 2017 Total
4 $0.00 390 31-Dec-15 2015
5 $0.00 390 31-Dec-15 2015
Total $20,605.94
Subcuenta Amigable Composicion Contingencies
44% 18
Amount Date Amount Concept
$0.25 2017 30-Nov-17 $47,836.95 Subcuenta Predios
$0.06 2018 31-Jan-18 $4,576.84 Subcuenta Compensaciones Ambie
$0.06 2017 31-Dec-17 $0.00 Subcuenta Redes
$0.37 Total $52,413.78
$1,000.00
Equity Schedule
30-Jun-17 $ 0.00
Compensaciones Ambie31-Dec-17 $ 75.00
30-Jun-18 $ 30.00
31-Dec-18 $ 0.00
30-Jun-19 $ 0.00
31-Dec-19 $ 0.00
EPC Costs (COPbn, nominal)
Preconstr. Constr.
UF 1 2,301,254,274 57,490,668,026
UF 2 2,301,254,274 284,566,144,039
UF 3 2,301,254,274 61,466,735,698
UF 4 2,301,254,274 63,173,232,728
UF 5 2,301,254,274 125,278,297,770
UF 6 1,849,003,752 194,769,521,736
UF2 USD 48,425,000
13,355,275,122
786,744,599,996
800,099,875,118 2014
Oct-14
Pre-construction Progress
UF 1 100.0% -
UF 2 100.0% -
UF 3 100.0% -
UF 4 100.0% -
UF 5 100.0% -
UF 6 100.0% -
Construction Progress
UF 1 100.0% -
UF 2 100.0% -
UF 3 100.0% -
UF 4 100.0% -
UF 5 100.0% -
UF 6 100.0% -
UF 2 - USD 100.0% -
cronograma anual pre construcción 2014

UF 1 100.0% 2.7%
UF 2 100.0% 2.7%
UF 3 100.0% 2.7%
UF 4 100.0% 2.7%
UF 5 100.0% 2.7%
UF 6 100.0% 2.7%
cronograma anual pre construcción 2014

UF 1 100.000% 0.0%
UF 2 100.000% 0.0%
UF 3 100.000% 0.0%
UF 4 100.000% 0.0%
UF 5 100.000% 0.0%
UF 6 100.000% 0.0%
UF 2 USD 100.000% 0.0%
Mantenimientos Periodicos 158.069651 0
Construction Management (Real COPbn)

Environmental $ 6.0 -
Social $ 2.4 -
Rights of Way $ 5.7 -
General expense 0.0% - -
Total Construction Management (Re $ 14.1 -
Cronograma anual
2014
Environmental 100.00% 0.13%
Social 100.00% 0.00%
Rights of Way 100.00% 0.00%
General expenses 0
Construction End Mantenimientos rutinarios
Scheduled Sensitized Atraso meses
UF 1 7/31/2019 7/31/2019
UF 2 11/30/2018 11/30/2018
UF 3 1/31/2021 1/31/2021
UF 4 4/30/2018 4/30/2018
UF 5 5/31/2018 5/31/2018 3
UF 6 5/31/2018 5/31/2018 3
140,432,500,000
122,433,855,961
2,528
2014 2014 2015 2015 2015 2015 2015

- 2.7% 4.2% - 2.9% 3.8% 3.6%

- 2.7% 4.2% - 2.9% 3.8% 3.6%
- 2.7% 4.2% - 2.9% 3.8% 3.6%
- 2.7% 4.2% - 2.9% 3.8% 3.6%
- 2.7% 4.2% - 2.9% 3.8% 3.6%
- 2.7% 4.2% - 2.9% 3.8% 3.6%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2015 2016 2017 2018 2019 2020 2021

58.7% 13.4% 8.7% 16.5% 0.0% 0.0% 0.0%
58.7% 13.4% 8.7% 16.5% 0.0% 0.0% 0.0%
58.7% 13.4% 8.7% 16.5% 0.0% 0.0% 0.0%
58.7% 13.4% 8.7% 16.5% 0.0% 0.0% 0.0%
58.7% 13.4% 8.7% 16.5% 0.0% 0.0% 0.0%
58.7% 13.4% 8.7% 16.5% 0.0% 0.0% 0.0%
2015 2016 2017 2018 2019 2020 2021

0.0% 14.1% 63.6% 14.7% 7.5% 0.0% 0.0%
3.9% 25.2% 41.6% 29.3% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 90.1% 9.9%
0.0% 22.2% 76.8% 1.0% 0.0% 0.0% 0.0%
0.0% 19.1% 44.5% 36.4% 0.0% 0.0% 0.0%
0.0% 1.6% 19.3% 79.1% 0.0% 0.0% 0.0%
9.3% 21.0% 43.7% 26.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0
$ 0.0 $ 0.0 $ 0.0 $ 0.1 $ 0.1 $ 0.1 $ 0.2

- - - - - - -
- - - - - - -
- - - - - - -
$ 0.0 $ 0.0 $ 0.0 $ 0.1 $ 0.1 $ 0.1 $ 0.2
2015 2016 2017 2018 2019 2020 2021

31.91% 30.62% 23.39% 13.95% 0.00% 0.00% 0.00%
0.00% 25.92% 42.51% 31.57% 0.00% 0.00% 0.00%
0.00% 45.70% 54.30% 0.00% 0.00% 0.00% 0.00%
0 0 0 0 0 0 0
2015 2015 2015 2015 2015 2015 2015
6.7% 9.5% 7.7% 10.1% 5.2% 0.2% 4.8%

6.7% 9.5% 7.7% 10.1% 5.2% 0.2% 4.8%
6.7% 9.5% 7.7% 10.1% 5.2% 0.2% 4.8%
6.7% 9.5% 7.7% 10.1% 5.2% 0.2% 4.8%
6.7% 9.5% 7.7% 10.1% 5.2% 0.2% 4.8%
6.7% 9.5% 7.7% 10.1% 5.2% 0.2% 4.8%
- - - - - - -
0.87% - - - - 3.06% -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2.07% - - - - 7.23% -
2022 2023 2024 2025 2026 2027 2028

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
2022 2023 2024 2025 2026 2027 2028

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0
$ 0.7 $ 0.2 $ 0.3 $ 0.3 $ 0.4 $ 0.3 $ 0.9

- - - - - - -
- - - - - - -
- - - - - - -
$ 0.7 $ 0.2 $ 0.3 $ 0.3 $ 0.4 $ 0.3 $ 0.9
2022 2023 2024 2025 2026 2027 2028

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0 0 0 0 0 0 0
2016 2016 2016 2016 2016 2016 2016
1.2% - 4.7% 3.0% 4.5% - -

1.2% - 4.7% 3.0% 4.5% - -
1.2% - 4.7% 3.0% 4.5% - -
1.2% - 4.7% 3.0% 4.5% - -
1.2% - 4.7% 3.0% 4.5% - -
1.2% - 4.7% 3.0% 4.5% - -
- - - - - - 0.51%
- - - - - 2.62% 9.66%
- - - - - - -
- - - - - - 1.00%
- - - - - - 5.88%
- - - - - - 0.40%
- - - - - 6.20% -
2029 2030 2031 2032 2033 2034 2035

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
2029 2030 2031 2032 2033 2034 2035

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0
$ 0.3 $ 0.5 $ 0.5 $ 0.7 $ 0.1 $ 0.1 $ 0.3

- - - - 0.1 0.1 0.1
- - - - 0.5 0.3 0.4
- - - - - - -
$ 0.3 $ 0.5 $ 0.7 $ 0.6 $ 0.5 $ 0.8 $ 0.6
2029 2030 2031 2032 2033 2034 2035

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0 0 0 0 0 0 0
2016 2016 2016 2016 2016 2017 2017
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.34% 1.25% 2.48% 2.90% 5.67% 3.97% 2.90%

1.64% 1.91% 3.76% 2.83% 2.80% 2.52% 1.97%
- - - - - - -
1.63% 3.01% 5.64% 4.97% 5.93% 15.83% 15.71%
1.93% 3.36% 3.49% 2.43% 2.02% 2.65% 2.71%
0.07% 0.05% 0.07% 0.54% 0.49% 1.85% 1.22%
- 2.14% 6.73% 3.08% 2.85% 2.72% 1.90%
2036 2037 2038 2039 2040 2041 2042

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
2036 2037 2038 2039 2040 2041 2042

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
0 0 0 0 0 0 0
$ 0.2 $ 0.1 $ 0.3 $ 0.1 $ 0.2 $ 0.4 $ 0.2

0.0 0.1 0.0 0.0 0.1 0.0 0.1
0.1 0.2 0.2 0.2 0.1 0.1 0.2
- - - - - - -
$ 0.6 $ 0.5 $ 0.4 $ 0.2 $ 0.2 $ 0.2 $ 0.2
2036 2037 2038 2039 2040 2041 2042

0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0 0 0 0 0 0 0
2017 2017 2017 2017 2017 2017 2017
- - - - - - 8.7%
- - - - - - 8.7%
- - - - - - 8.7%
- - - - - - 8.7%
- - - - - - 8.7%
- - - - - - 8.7%
3.61% 6.69% 2.48% 3.88% 17.18% 10.95% 1.63%

2.78% 3.51% 3.25% 3.55% 4.51% 4.54% 5.98%
- - - - - - -
8.57% 2.62% 8.22% 16.96% 6.59% 0.29% 0.43%
2.98% 3.34% 4.97% 0.85% 1.33% 1.91% 3.44%
1.93% 1.17% 0.73% 0.32% 0.85% 1.03% 1.48%
2.97% 3.48% 3.67% 2.29% 4.66% 4.58% 7.04%
2043 2044
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
2043 2044
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0.0% 0.0%
0 0 0 0 0 0 0
$ 0.1 $ 0.4 $ 0.3 $ 0.2 $ 0.2 $ 0.4 $ 0.2

0.0 0.1 0.1 0.1 0.2 0.1 0.1
0.4 0.2 0.1 0.3 0.2 0.6 0.2
- - - - - - -
$ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2
2043 2044
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0 0
2017 2017 2017 2018 2018 2018 2018
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
5.52% 3.41% 1.43% 3.14% - - -

3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
- - - - - - -
0.49% 0.54% 0.54% 0.54% 0.50% - -
5.93% 7.18% 7.18% 7.18% 7.18% 7.18% 7.18%
1.77% 3.12% 3.85% 8.98% 13.06% 14.52% 14.52%
3.45% 3.45% 3.45% 3.45% 3.45% 3.45% 3.45%
0 0 0 0 0 0 0
$ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2

0.1 0.1 0.1 0.1 0.1 0.1 0.1
- - - - - - -
- - - - - - -
$ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2
2018 2018 2018 2018 2018 2018 2018
- - 16.5% - - - -
- - 16.5% - - - -
- - 16.5% - - - -
- - 16.5% - - - -
- - 16.5% - - - -
- - 16.5% - - - -
- - 1.66% 1.99% 2.13% 2.29% 2.48%

3.00% 3.00% 3.00% 3.00% 3.00% 2.30% -
- - - - - - -
- - - - - - -
6.23% 1.50% - - - - -
14.52% 13.46% - - - - -
3.45% 3.45% 1.87% - - 3.45% -
0 0 0 0 0 0 0
$ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 -

0.1 0.1 0.1 0.1 0.1 0.1 -
- - - - - - -
- - - - - - -
$ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.2 -
2018 2019 2019 2019 2019 2019 2019
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.02% 1.22% 1.41% 1.55% 1.65% 1.68% -

- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2019 2019 2019 2019 2019 2019 2020
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2020 2020 2020 2020 2020 2020 2020
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4.18% 4.88% 5.11% 6.72% 6.72% 8.07% 8.77%
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2020 2020 2020 2020 2021 2021 2021
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
8.77% 11.24% 12.85% 12.85% 9.85% - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2021 2021 2021 2021 2021 2021 2021
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2021 2021 2022 2022 2022 2022 2022
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.400495714 0.400495714 0.400495714 0.400495714 0.400495714 0.400495714 0.641043453
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2022 2022 2022 2022 2022 2022 2022
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.641043453 0.641043453 0.641043453 0.641043453 0.641043453 0.240547738 0.240547738
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2023 2023 2023 2023 2023 2023 2023
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.240547738 0.240547738 0.240547738 0.240547738 1.224849393 1.224849393 1.224849393
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2023 2023 2023 2023 2023 2024 2024
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.224849393 1.224849393 1.224849393 1.404905591 1.404905591 1.404905591 1.404905591
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2024 2024 2024 2024 2024 2024 2024
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.404905591 1.404905591 0.180056198 0.180056198 0.180056198 0.180056198 0.180056198
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2024 2024 2024 2025 2025 2025 2025
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.180056198 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2025 2025 2025 2025 2025 2025 2025
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2025 2026 2026 2026 2026 2026 2026
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 1.66289158 1.66289158 1.66289158 1.66289158 1.66289158 1.66289158
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2026 2026 2026 2026 2026 2026 2027
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.66289158 1.66289158 1.66289158 1.66289158 2.063387295 2.063387295 0.400495714
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2027 2027 2027 2027 2027 2027 2027
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.400495714 0.400495714 0.400495714 0.641043453 0.641043453 0.641043453 0.641043453
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2027 2027 2027 2027 2028 2028 2028
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.641043453 0.641043453 0.240547738 0.240547738 0.240547738 0.240547738 0.240547738
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2028 2028 2028 2028 2028 2028 2028
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.240547738 1.224849393 1.224849393 1.224849393 1.224849393 1.224849393 1.224849393
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2028 2028 2029 2029 2029 2029 2029
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.404905591 1.404905591 1.404905591 1.404905591 1.404905591 1.404905591 0.180056198
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2029 2029 2029 2029 2029 2029 2029
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.180056198 0.180056198 0.180056198 0.180056198 0.180056198 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2030 2030 2030 2030 2030 2030 2030
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2030 2030 2030 2030 2030 2031 2031
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0 0 0 0 0 1.66289158 1.66289158
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2031 2031 2031 2031 2031 2031 2031
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.66289158 1.66289158 1.66289158 1.66289158 1.66289158 1.66289158 1.66289158
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2031 2031 2031 2032 2032 2032 2032
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.66289158 2.063387295 2.063387295 0.400495714 0.400495714 0.400495714 0.400495714
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2032 2032 2032 2032 2032 2032 2032
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.641043453 0.641043453 0.641043453 0.641043453 0.641043453 0.641043453 0.240547738
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2032 2033 2033 2033 2033 2033 2033
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.240547738 0.240547738 0.240547738 0.240547738 0.240547738 1.224849393 1.224849393
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2033 2033 2033 2033 2033 2033 2034
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.224849393 1.224849393 1.224849393 1.224849393 1.404905591 1.404905591 1.404905591
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2034 2034 2034 2034 2034 2034 2034
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
1.404905591 1.404905591 1.404905591 0.180056198 0.180056198 0.180056198 0.180056198
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2034 2034 2034 2034 2035 2035 2035
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.180056198 0.180056198 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2035 2035 2035 2035 2035 2035 2035
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2035 2035 2036 2036 2036 2036 2036
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
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- - - - - - -
- - - - - - -
0 0 1.66289158 1.66289158 1.66289158 1.66289158 1.66289158
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2036 2036 2036 2036 2036 2036 2036
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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1.66289158 1.66289158 1.66289158 1.66289158 1.66289158 2.063387295 2.063387295
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2037 2037 2037 2037 2037 2037 2037
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
- - - - - - -
- - - - - - -
0.400495714 0.400495714 0.400495714 0.400495714 0.641043453 0.641043453 0.641043453
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2037 2037 2037 2037 2037 2038 2038
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- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
0.641043453 0.641043453 0.641043453 0.240547738 0.240547738 0.240547738 0.240547738
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2038 2038 2038 2038 2038 2038 2038
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
0.240547738 0.240547738 1.224849393 1.224849393 1.224849393 1.224849393 1.224849393
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2038 2038 2038 2039 2039 2039 2039
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
1.224849393 1.404905591 1.404905591 1.404905591 1.404905591 1.404905591 1.404905591
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2039 2039 2039 2039 2039 2039 2039
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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0.180056198 0.180056198 0.180056198 0.180056198 0.180056198 0.180056198 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2039 2040 2040 2040 2040 2040 2040
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2040 2040 2040 2040 2040 2040 2041
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2041 2041 2041 2041 2041 2041 2041
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0 0 0 0 0 0 0
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2041 2041 2041 2041 2042 2042 2042
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- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
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- - - - - - -
0 0 0 0 0 0 0
- - - - - - -
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- - - - - - -
- - - - - - -
- - - - - - -
2042 2042 2042 2042 2042 2042 2042
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- - - - - - -
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0 0 0 0 0 0 0
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2042 2042 2043 2043 2043 2043 2043
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- - - - - - -
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0 0 0 0 0 0 0
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- - - - - - -
- - - - - - -
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0
2043 2043 2043 2043 2043 2043 2043
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0 0 0 0 0 0 0
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1.14 9. Modelo Financiero Concesión Costera Vendedor

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1.14 9. Modelo Financiero Concesión Costera Vendedor

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“El contenido del presente documento es de carácter confidencial y propiedad intel

Las cifras, proyecciones, estimaciones, resultados y cualquier otra información aqu

El presente documento no representa una oferta, propuesta o recomendación por p

cualquier otra información aquí contenida fueron elaborados teniendo en

puesta o recomendación por parte de Nexus Banca de Inversión S.A.

Acta de inicio (fecha) Nov-14

Plazos para inicio de operación por UF Fecha

Valor del contrato COP M

Giros mínimos de equity COP M

Porcentaje de Inversión Realizada (EER) Compensación Especial

Pago Compensaicón Especial UF6

Activo Intangible para Base Gravable 12/31/2017

Rentabilidad de caja atrapada (Spread IPC) 0.5%

x Resultados del Modelo

Margen EBITDA 79.86%

Bancolombia Tramo A 36.5%

Banco de Occidente Tramo B 21.9%

Banco de Bogotá Tramo B 21.9%

Ashmore Tramo C 19.7%

Inputs históricos 2014 2015

Contratos de deuda subordinada

Avances Acumulados Pre Operativos- Informes ARUP

Contador Vigencia Contrato

Contador Etapa O&M

14,651 48,976 231,869 221,139 231,241

-269.41% 21.88% 84.62% 76.25% 81.29%

71,862 135,111 54,000 24,233

1,723 2,301 2,301 - - -

- 8,134 37,718 6,880 4,766 - -

4.50 10.17 25.69 8.06 - - -

13,073 29,542.00 76,292.74 23,301.70 - - -

85.00% 82.33% 82.74% 83.08% 83.67% 86.90% 84.44%

84.26% 80.17% 85.84% 86.89% 87.19% 84.60% 78.87%

79.62% 80.21% 77.16% 25.47% n.a. n.a. n.a.

Necesidades del periodo (409,885)

Estructura (E/E+D) 21.1%

Compromiso de equity mínimo 396,000

Aportes de equity contractuales corrientes

Flujo de Caja Disponible para Prepagos (1.20:1.00)

Flujo disponible para barrido de caja/pagos restringidos

x Cascada de pagos montos disponibles para prepagos

Contador Pagos Restringidos

Flujo disponible para barrido de caja/pagos restringidos

Flujo de caja para pagos restrigidos (excedentes)

x Cascada de pagos montos disponibles para prepagos

Monto disponible Prepago

Deudas con accionistas

Contador Etapa O&M

Flujo de caja disponible para pagos restrigidos (excedentes)

Reserva Caja Excedentes

- - - 14,651 48,976 231,869 221,139 231,241

100.0% 100.0% 100.0% 100.0% 80.0% 80.0% 78.0% 100.0%

27.72% 21.41% 22.02% 21.83% 21.64% 21.69%

66,876 94,717 108,256 109,290 100,092

66,876 94,717 108,256 109,290 100,092

- - - 438,074 438,074 438,074 438,074 438,074

- - 14,785 29,570 29,570 29,570 29,570 29,570

- - - 329,436 342,923 354,582 365,574 377,090

- - 10,295 21,433 21,797 22,505 23,208 23,922

- - - 8,656 137,134 250,000 250,000 250,000

- - - 5,467 14,518 18,750 18,750 16,799

- - - 5,194 82,280 150,000 150,000 150,000

- - - 3,936 10,453 13,500 13,500 9,000