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
Profit or loss and other comprehensive income

For the years ended December 31, 2019, 2018 (restated) and 2017 (restated)
(In thousands pesos, except for basic earnings per commons share data)

  Note 2019 2018
(restated)
2017
(restated)
Revenue 19 $ 53,288,479 $ 51,755,422 $ 49,768,427
Costs of sales and services 20   32,954,083   31,630,528   30,044,866
Gross profit     20,334,396   20,124,894   19,723,561
               
Selling and distribution expenses 20   10,683,194   10,135,144   9,834,727
Administrative expenses 20   2,995,030   3,006,758   2,647,931
Depreciation 20   2,123,158   2,049,080   1,989,018
Other income 21   (394,750)   (552,161)   (456,266)
Other expenses 22   228,573   262,898   139,803
Interest expense     703,010   630,113   604,671
Interest income     (296,756)   (272,083)   (196,623)
Exchange gain     (143,806)   (569,439)   (370,099)
Exchange loss     114,463   243,209   309,264
Equity in income of associates companies 13   (116,825)   (187,088)   (173,293)
Income before income taxes     4,439,105   5,378,463   5,394,428
               
Income taxes 23a   1,349,506   1,445,060   1,234,632
               
Consolidated net income for the year     3,089,599   3,933,403   4,159,796
               
Other comprehensive income, net of income tax:              
Items that may be reclassified subsequently to profit or loss:              
Effect of adoption of new IFRS 9     -   (56,804)   -
Exchange differences on translating foreign operations     (11,708)   (2,210)   (12,639)
Item that will not be reclassified subsequently to profit or loss:              
Actuarial gain (loss) 16   (952,263)   74,793   10,291
Deferred income taxes     285,679   (22,438)   (3,087)
               
Consolidated comprehensive income of the year   $ 2,411,307 $ 3,926,744 $ 4,154,361
               
Consolidated net income attributable to:              
Controlling interest   $ 2,948,504 $ 3,729,854 $ 3,955,671
Non-controlling interest     141,095   203,549   204,125
               
    $ 3,089,599 $ 3,933,403 $ 4,159,796
               
Consolidate comprehensive income attributable to:
             
Controlling interest   $ 2,270,212 $ 3,723,195 $ 3,950,236
Non-controlling interest     141,095   203,549   204,125
               
    $ 2,411,307 $ 3,926,744 $ 4,154,361
Basic earnings per common share attributable to controlling interest   $ 1.00 $ 1.64 $ 1.72
               
Weighted average number of shares     2,262,932,607   2,268,903,242   2,296,547,855

 

See accompanying notes to consolidated financial statements.