2018 Annual Report

Consolidated Statements of
Financial Position

As of December 31, 2018, 2017 and 2016
(In thousands of Mexican pesos)

  Note   2018   2017   2016
Assets              
Current assets:              
Cash and cash equivalents 7 $ 2,477,658 $ 1,924,601 $ 1,714,356
Accounts receivable, Net 8   14,257,886   14,275,601   13,116,889
Inventories, Net 9   12,359,171   10,806,031   10,455,932
Prepaid expenses     81,734   158,261   144,475
Total current assets     29,176,449   27,164,494   25,431,652
               
Non-current assets:              
Long-term accounts receivable     -   -   10,143
Property, machinery and equipment, Net 12   14,549,494   14,517,847   14,400,591
Investment property 13   2,415,553   2,323,901   2,207,946
Investment in shares of associated companies and others 14   2,273,917   2,086,829   1,913,536
Employee retirement benefits 17   537,346   628,112   504,551
Deferred income taxes 24a   1,233,593   1,014,482   600,583
Other assets, Net     196,081   152,249   116,041
Total non-current assets     21,205,984   20,723,420   19,753,391
Total assets   $ 50,382,433 $ 47,887,914 $ 45,185,043
               
Liabilities              
Current liabilities:              
Trade accounts payable   $ 9,115,216 $ 7,505,683 $ 7,166,771
Other accounts payable and accrued liabilities 15   3,884,256   4,356,487   3,854,636
Due to related parties 19   803,382   498,291   518,388
Provisions 16   129,265   125,708   102,292
Direct employee benefits     496,767   491,269   452,699
Income tax payable     196,041   420,953   387,652
Total current liabilities     14,624,927   13,398,391   12,482,438
             
Non-current liabilities:              
Income tax payable long-term 24e   665,105   497,385   444,188
Employee retirement benefits 17   56,494   245,236   142,006
Deferred income taxes 24a   1,242,613   1,227,152   1,164,886
Total non-current liabilities     1,964,212   1,969,773   1,751,080
Total liabilities     16,589,139   15,368,164   14,233,518
               
Stockholders’ equity              
Stockholders’ equity:              
Capital stock 18   1,980,050   1,990,185   2,003,960
Additional paid - in capital     10,896,604   10,896,604   10,896,604
Accumulated earnings     19,961,198   18,757,742   17,225,414
Other comprehensive loss items     (382,697)   (356,510)   (349,766)
Controlling interest     32,455,155   31,288,021   29,776,212
Non-controlling interest     1,338,139   1,231,729   1,175,313
Total stockholders’ equity     33,793,294   32,519,750   30,951,525
Total liabilities and stockholders’ equity   $ 50,382,433 $ 47,887,914 $ 45,185,043

See accompanying notes to consolidated financial statements.