COMPAI~IEROS INC.FINANCIAL STATEMENTS

DECEMBER 31, 2014(Unaudited - See Notice to Reader)

RSSM~_~

CHARTERED PROFESSIONAL ACCOUNTANTS

NOTICE TO READER

On the basis of information provided by management, we have compiled the balance sheet ofCompafieros Inc. as at December 3 l, 2014 and the statement of loss and deficit for the year then ended.

We have not performed an audit or a review engagement in respect of these financial statements andaccordingly, we express no assurance thereon.

Readers are cautioned that these statements may not be appropriate for their purposes.

The prior year figures were compiled by another firm of licensed public accountants.

March 26, 2015Toronto, Ontario

RSSM LLPLicensed Public Accountants

COMPAlqEROS INC.BALANCE SHEET

AS AT DECEMBER 31, 2014(Unaudited - See Notice to Reader)

CURRENTCash and term depositsIncome taxes receivablePrepaid and sundry

CAPITAL ASSETSOffice equipmentComputer equipment

Less: accumulated amortization

2014 2013$ $

ASSETS

30,389 56,3844,930 4,930

13767 1480949 086 76 123

1,245 1,245__2 4~19 2419

3,664 3,664__~ 1718

1,160 1,946

50,246 78,069

LIABILITIES

CURRENTAccounts payable and accrued liabilitiesDue to shareholderUneamed revenue

CAPITAL STOCKAuthorized

UnlimitedUnlimitedUnlimited

Issued100

SHAREHOLDER’S DEFICIENCY

Common sharesClass A Special sharesClass B Special shares

Common shares

9,684 10,73023,517 17,995

72099 65 201

105300 93 926

100 100

(55,054) (15,857)

50,246 78,069

DEFICIT

APPROVED ON BEHALF OF THE BOARD:

~ ~’tt~ ~ql,? )~t,/t ~ DirectorDuarte, Gonzalo

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COMPA~EROS INC.STATEMENT OF LOSS AND DEFICIT

FOR THE YEAR ENDED DECEMBER 31, 2014(Unaudited - See Notice to Reader)

(comparative figures are for the three months ended December 31,2013)

2014 2013$ $

REVENUEProgram feesProgram surplusProject feesProject donationsProject surplus

113,918

63,74048,3026 198

232 158

EXPENSESProject expenses - see attached scheduleProgram expenses - see attached scheduleAdministrative expenses - see attached scheduleForeign exchange gain/lossAmortization

LOSS, before income taxesIncome taxes

74,331113,36772,9519,920

786

271 355

(39,197)

NET LOSS, for the year

(DEFICIT) RETAINED EARNINGS, beginning of year

DEFICIT, end of year

(39,197)

(15,957)

(55,154)

431

431

10,2317,588

19,133(2,745)

20234 409

(33,978)

(3o,115)14,158

(15,957)

COMPA~qEROS INC.SCHEDULE OF PROJECT EXPENSES

FOR THE YEAR ENDED DECEMBER 31, 2014(Unaudited - See Notice to Reader)

(comparative figures are for the three months ended December 31, 2013)

2014$

Family housingSalaries & benefitsManagement salaryChildren, youth educationContracted labourHealth, well-being

28,13726,72010,9913,8153,756

912

74,331

2013$

5,7412,610

88695143

10,231

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COMPAI~EROS INC.SCHEDULE OF PROGRAM EXPENSES

FOR THE YEAR ENDED DECEMBER 31, 2014(Unaudited - See Notice to Reader)

(comparative figures are for the three months ended December 31, 2013)

2014 2013$ $

Accomodation, water, mealsTransportationSalaries & benefitsManagement salaryExcursions

58,239 1627,65615,182 4,96310,991 2,609

1,299

113,367 7,588

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COMPAI~EROS INC.SCHEDULE OF ADMINISTRATIVE EXPENSESFOR THE YEAR ENDED DECEMBER 31, 2014

(Unaudited - See Notice to Reader)(comparative figures are for the three months ended December 3 l, 20 l 3)

2014 2013$ $

Office and administrationForeign payroll taxes paidSalaries & benefitsManagement salaryAccountingTravelComputersGraphicsCommunicationSuppliesLegal

20,50614,87514,72410,9915,4383,8901,608

423267229

3,64955

4,8792,6105,0601,471

67532114696

72,951 19,133

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