ANNUAL INTEGRATED REPORT 2021

105 55 ANNUAL INTEGRATED REPORT 2021 | AXTEL Axtel, S. A. B. de C. V. and Subsidiaries (Subsidiary of Alfa, S. A. B. de C. V.) INDEPENDENT AUDITORS' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019 INDEPENDENT AUDITORS' REPORT TO THE BOARD OF DIRECTORS AND STOCKHOLDERS OF AXTEL, S. A. B. DE C. V. TABLE OF CONTENTS INDEPENDENT AUDITORS' REPORT PAGE 105 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 110 CONSOLIDATED STATEMENTS OF RESULTS 110 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 111 1=1 CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY 111 CONSOLIDATED STATEMENTS OF CASH FLOW 112 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 112 = Opinion We have audited the consolidated financial statements of Axtel, S. A. B. de C. V. and Subsidiaries (the "Company"), which comprise the consolidated statements of financial position as of December 31, 2021, 2020 and 2019, the consolidated statements of income, the consolidated statements of comprehensive income (loss), the consolidated statements of changes in stockholders' equity and the consolidated statements of cash flows for the years then ended, and the notes to the consolidated financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of Axtel, S. A. B. de C. V. and Subsidiaries, as of December 31, 2021, 2020 and 2019, and their consolidated financial performance and their consolidated cash flows for the years then ended, in accordance with International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board. Basis for Opinion We conducted our audits in accordance with International Standards on Auditing ("ISA"). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Company in accordance with the International

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