Grupo Sanborns, S.A.B. de C.V. and Subsidiaries (Subsidiary of Grupo Carso, S.A.B. de C.V.)

Consolidated statements of financial position

as of December 31, 2017, 2016 and 2015
(In thousands of Mexican pesos)

  Note   2017   2016   2015
Assets              
Current assets:              
Cash and cash equivalents 7 $ 1,924,601 $ 1,714,356 $ 4,855,573
Accounts receivable, Net 8   14,275,601   13,116,889   11,472,026
Inventories, Net 9   10,806,031   10,455,932   9,204,568
Prepaid expenses     158,261   144,475   126,857
Total current assets     27,164,494   25,431,652   25,659,024
               
Non-current assets:              
Long-term accounts receivable     -   10,143   27,479
Property, machinery and equipment, Net 12   14,517,847   14,400,591   12,608,487
Investment property 13   2,323,901   2,207,946   2,086,228
Investment in shares of associated companies and others 14   2,086,829   1,913,536   1,317
Employee retirement benefits 17   628,112   504,551   582,889
Deferred income taxes 24b   1,014,482   600,583   362,882
Other assets, Net     152,249   116,041   35,725
Total non-current assets     20,723,420   19,753,391   15,705,007
Total assets   $ 47,887,914 $ 45,185,043 $ 41,364,031
               
Liabilities              
Current liabilities:              
Trade accounts payable   $ 7,505,683 $ 7,166,771 $ 6,049,697
Other accounts payable and accrued liabilities 15   4,356,487   3,842,636   3,602,990
Due to related parties 19   498,291   518,388   216,930
Provisions 16   125,708   102,292   59,663
Direct employee benefits     491,269   452,699   431,067
Income tax payable     420,953   387,652   391,380
Total current liabilities     13,398,391   12,482,438   10,751,727
               
Non-current liabilities:              
Income tax payable long-term 24e   497,385   444,188   245,884
Employee retirement benefits 17   245,236   142,006   161,911
Deferred income taxes 24b   1,227,152   1,164,886   809,378
Total non-current liabilities     1,969,773   1,751,080   1,217,173
Total liabilities     15,368,164   14,233,518   11,968,900
               
Stockholders’ equity              
Stockholders’ equity:              
Capital stock 19   1,990,185   2,003,960   2,010,544
Additional paid - in capital     10,896,604   10,896,604   10,896,604
Accumulated earnings     18,757,742   17,225,414   14,797,155
Other comprehensive loss items     (356,510)   (349,766)   (352,409)
Controlling interest     31,288,021   29,776,212   27,351,894
Non-controlling interest     1,231,729   1,175,313   2,043,237
Total stockholders’ equity     32,519,750   30,951,525   29,395,131
Total liabilities and stockholders’ equity   $ 47,887,914 $ 45,185,043 $ 41,364,031

See accompanying notes to consolidated financial statements.