CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

As of December 31, 2012 and 2011 and January 1, 2011 (transition date)
(In thousands of Mexican pesos)

	Note			2012		2011	January 1, 2011
							(transition date)
Current assets:
Cash and cash equivalents	8		$	4,994,738	$	4,897,894	$	3,087,281
Investments in securities (held for trading)	9			103,864		111,656		81,804
Accounts and notes receivable, net	10			17,478,940		16,370,014		16,160,204
Due from related parties	27			2,275,154		1,666,658		1,562,207
Inventories, net	11			14,828,102		14,382,985		13,071,284
Prepaid expenses				1,355,467		1,120,774		1,245,124
Derivative financial instruments	15			610		316,141		412,290
Assets available for sale	31			-		76,533		1,339,414
Total current assets				41,036,875		38,942,655		36,959,608
Non-current assets
Long-term accounts receivable				83,172		152,571		12,591,441
Other investments available for sale				-		-		236,552
Real state inventories				515,923		669,631		667,131
Property, machinery and equipment, net	16			20,001,451		20,194,039		19,144,818
Investment property	17			1,534,811		1,534,811		1,481,399
Investment in associates	18			11,426,672		9,721,040		9,466,660
Employee retirement benefits	24			633,572		657,553		683,612
Derivative financial instruments	15			303,942		-		91,209
Intangible assets, net	19			329,036		350,951		291,824
Deferred income taxes	30			120,929		145,641		77,966
Other assets - net	20			875,931		662,229		703,400
Total non-current assets				35,825,439		34,088,466		45,436,012
Total assets			$	76,862,314	$	73,031,121	$	82,395,620
Current liabilities:
Notes payable to financial institutions and other			$	9,330,449	$	10,607,763	$	17,158,734
Current portion of long-term debt	21			38,904		36,174		7,449,346
Trade accounts payable				9,359,032		8,718,411		6,903,805
Due to related parties	27			975,923		1,017,052		1,941,484
Other accounts payable and accrued liabilities				3,050,252		2,169,830		1,282,020
Provisions	22			2,327,673		2,085,123		1,767,697
Direct employee benefits				747,471		667,446		593,055
Derivative financial instruments	15			8,874		929,651		550,140
Advances from customers				1,872,584		1,195,548		1,202,326
Liabilities for assets available for sale	31			-		-		1,040,101
Total current liabilities				27,711,162		27,426,998		39,888,708
Non-current liabilities:
Long-term debt	21			5,043,693		117,372		141,564
Deferred income taxes	30			1,252,091		1,715,044		2,355,978
Other long-term liabilities				3,714		2,857		58,273
Deferred revenue - Net				872		875		-
Derivative financial instruments	15			970,193		3,980		-
Total non-current liabilities				7,270,563		1,840,128		2,555,815
Total liabilities				34,981,725		29,267,126		42,444,523
Consolidated stockholders’ equity:
Capital stock				2,536,774		2,535,478		2,539,813
Net stock issuance premium				879,092		879,092		879,092
Retained earnings				35,291,538		32,394,029		29,550,923
Other comprehensive income items				9,929		567,245		(64,123)
Controlling interest				38,717,333		36,375,844		32,905,705
Non-controlling interest				3,163,256		7,388,151		7,045,392
Total consolidated stockholders’ equity	25			41,880,589		43,763,995		39,951,097
Total liabilities and stockholders’ equity			$	76,862,314	$	73,031,121	$	82,395,620

See accompanying notes to consolidated financial statements.