Investor Presentaiton

70 b. Main sources of uncertainty in the assumptions- 5. Cash and cash equivalents- 71 The following are the key assumptions about the future and other key sources of estimation uncertainty at the end of the reporting period, which have a significant risk to result in a material adjustment to the carrying amount of assets and liabilities on the next financial period. Useful lives and residual values of property, furniture and equipment- Useful lives and residual values of items of property, furniture and equipment are used to determine the amortization and depreciation of assets and are defined according to the analysis by internal and external specialists. Useful lives are periodically reviewed, at least once a year, and are based on the current conditions of assets and the estimate of the period during which they will continue to generate economic benefits to the Trust. If there are changes in the estimate of useful lives, the carrying amount of assets is affected prospectively, as well as the corresponding depreciation expense. Impairment of long-lived assets- The carrying amount of long-lived assets is reviewed for impairment in case that situations or changes in the circumstances indicate that it is not recoverable. If there are impairment indicators, a review is carried out to determine whether the carrying amount exceeds is recoverability value and whether it is impaired. In the impairment evaluation, assets are grouped in the cash generating unit to which they belong. The recoverable amount of the cash generating unit is calculated as the present value of future cash flows that the assets are expected to produce. There will be impairment if the recoverable value is less than the carrying amount. Fibra INN defines the cash generating units at the individual hotel level and also estimates the periodicity and cash flows that it should generate. Subsequent changes in grouping cash generating units, or changes in the assumptions underlying the estimate of cash flows or the discount rate, could impact the carrying amounts of the respective assets. Calculations of value in use require the Trust to determine the cash flows generated by the cash generating units and an appropriate discount rate to calculate its present value. Fibra INN uses cash flows projections based on market conditions as part of its critical assumptions. In the same way, for purposes of the discount rate and the perpetuity growth, market risk premium indicators are used and long-term growth expectations for the markets in which Fibra INN operates. Defined benefit plans- Fibra INN uses assumptions to determine the best estimate for these benefits. Assumptions and estimates are established in conjunction with independent actuaries. These assumptions include demographic hypothesis, discount rates and expected increases in remunerations and future permanence, among others. Although the assumptions are deemed appropriate, a change in such assumptions could affect the value of the employee benefit liability and the results of the period in which it occurs. Cash in banks Cash equivalents (government bonds) Total cash and cash equivalents $ 11,119,534 374,520,207 $ 385,639,741 Article 87 clause III of the Mexican Income Tax Law establishes that the capital contribution that was not utilized to acquire properties must be invested in government bonds that are registered with the National Securities Register, shares of investment entities or debt instruments. During 2013, the Trust invested in a variety of instruments with a high credit rating. 6. Trade and other accounts receivable- 7. Clients for hotel services Other accounts receivable Accounts receivable aging ST $ 4,241,667 2,572,056 Ś Մ 6,813,723 Currently, Fibra INN holds collection levels equal to its billing period; trade and negotiation practices allow Fibra INN to maintain its accounts receivable with an aging of receivables below 6 days. Property, furniture and equipment- Land Buildings Components of buildings Machinery and equipment Furniture and equipments Less accumulated depreciation Constructions in progress 779,363,447 3,078,533,989 173,272,063 100,195,146 118,768,630 4,250,133,275 (50,563,380) 4,199,569,895 96,598,223 ST $ 4,296,168,118

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