ESP / ENG

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, 2019, 2018 (restated), 2017 (restated) and January 1, 2017 (restated)
(In thousands pesos)

  Note 2019 2018
(restated)		 2017
(restated)		 January 1, 2017
(restated)
Asset                  
Current assets:                  
Cash and cash equivalents 3 $ 1,690,176 $ 2,477,658 $ 1,924,601 $ 1,714,356
Accounts and documents receivable 4   11,872,111   11,433,864   11,531,579   10,826,945
Recoverable taxes, mainly value added tax 5       1,246,317   1,011,699   680,867
Inventories 6   12,549,667   12,359,171   10,806,031   10,455,932
Prepaid expenses     78,500   81,734   158,261   144,475
Total current assets     27,529,142   27,598,744   25,432,171   23,822,575
                   
Non-current assets:                  
Long-term accounts receivable 4   1,488,146   1,577,705   1,732,323   1,619,220
Property, plant and equipment 11   14,102,299   14,549,494   14,517,847   14,400,591
Investment properties 12   2,507,271   2,415,553   2,323,901   2,207,946
Lease right-of-use assets 7   5,158,750   5,484,394   5,408,557   5,504,480
Investment in shares of associated and others 13   3,524,415   2,273,917   2,086,829   1,913,536
Employee retirement benefits 16   226,361   537,346   628,112   504,551
Deferred income taxes 23   1,922,791   1,501,957   1,381,609   975,072
Other assets, Net     232,900   183,802   139,969   116,041
Total non-current assets     29,162,933   28,524,168   28,219,147   27,241,437
Total assets   $ 56,692,075 $ 56,122,912 $ 53,651,318 $ 51,064,012
                   
Liabilities                  
Current liabilities:                  
Trade accounts payable   $ 8,684,657 $ 9,115,216 $ 7,505,683 $ 7,166,771
Lease liabilities 8   1,243,500   1,247,049   1,207,705   1,173,869
Other accounts payable and accrued liabilities 14   4,265,987   3,843,439   4,330,187   3,854,636
Due to related parties 18   530,398   844,199   524,591   518,388
Provisions 15   129,731   129,265   125,708   102,292
Direct employee benefits     522,011   496,767   491,269   452,699
Income tax payable     541,085   196,041   420,953   387,652
Total current liabilities     15,917,369   15,871,976   14,606,096   13,656,307
                   
Non-current liabilities:                  
Income tax payable long-term 23f   733,469   665,105   497,385   444,188
Employee retirement benefits 16   717,578   56,494   245,236   142,006
Deferred income taxes 23b   1,202,934   1,242,613   1,227,152   1,164,886
Lease liabilities 8   4,964,449   5,239,466   5,497,172   5,645,697
Total non-current liabilities     7,618,430   7,203,678   7,466,945   7,396,777
Total liabilities     23,535,799   23,075,654   22,073,041   21,053,084
                   
Stockholders’ equity:                  
Capital stock 17   1,977,520   1,980,050   1,990,185   2,003,960
Additional paid - in capital     10,896,604   10,896,604   10,896,604   10,896,604
Accumulated earnings     20,940,908   20,154,361   18,755,557   17,225,414
Other comprehensive loss items     (1,953,962)   (1,275,670)   (1,269,010)   (1,263,575)
Controlling interest     31,861,070   31,755,345   30,373,336   28,862,403
Non-controlling interest     1,295,206   1,291,913   1,204,941   1,148,525
Total stockholders’ equity     33,156,276   33,047,258   31,578,277   30,010,928
Total liabilities and stockholders’ equity   $ 56,692,075 $ 56,122,912 $ 53,651,318 $ 51,064,012

 

See accompanying notes to consolidated financial statements.