Grupo Carso, S.A.B. de C.V. and Subsidiaries

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
As of December 31, 2014 and 2013 (In thousands of Mexican pesos)

  Note   2014   2013
Assets          
Current assets:          
Cash and cash equivalents 6 $ 7,777,439 $ 6,898,520
Investments in securities (held for trading) 7   6,313,231   3,654,983
Accounts and notes receivable, net 8   18,434,088   21,419,487
Due from related parties 23   2,672,542   3,813,538
Inventories, net 9   13,684,065   14,326,479
Prepaid expenses     942,431   966,063
Derivative financial instruments 13   –   6,213
Total current assets     49,823,796   51,085,283
           
Non-current assets:          
Long-term accounts receivable     48,062   59,562
Real estate inventories     877,318   831,035
Property, machinery and equipment, net 14   21,849,281   20,311,612
Investment properties 15   2,475,631   2,249,466
Investment in associates and joint ventures 16   12,464,262   12,004,831
Employee retirement benefits 21   1,059,890   948,625
Derivative financial instruments 13   214,006   249,372
Intangible assets, net 17   270,928   302,223
Deferred income taxes 27   1,754,350   1,432,369
Other assets – net 18   872,874   706,414
Total non-current assets     41,886,602   39,095,509
Total assets   $ 91,710,398 $ 90,180,792
           
Liabilities          
Current liabilities:          
Notes payable to financial institutions and other 19 $ 2,717,358 $ 3,145,499
Current portion of long-term debt 19   2,942   4,010
Trade accounts payable     8,535,817   9,086,008
Due to related parties 23   1,211,685   2,014,008
Other accounts payable and accrued liabilities     4,001,657   3,647,201
Provisions 20   4,240,288   2,977,613
Direct employee benefits     799,683   775,376
Derivative financial instruments 13   28,729   17,848
Advances from customers     973,268   1,540,472
Total current liabilities     22,511,427   23,208,035
           
Non-current liabilities:          
Long-term debt 19   5,000,026   5,733,362
Deferred income taxes 27   1,345,523   1,747,014
Provisions 16c   -   1,297,021
Other long-term liabilities     838,657   468,409
Employee retirement benefits 21   186,963   262,723
Derivative financial instruments 13   642,441   823,250
Total non-current liabilities     8,013,610   10,331,779
Total liabilities     30,525,037   33,539,814
           
Stockholders’ equity          
Capital stock 22   2,536,774   2,536,774
Net stock issuance premium     879,092   879,092
Retained earnings     48,808,374   45,264,844
Other comprehensive income items     660,384   227,774
Controlling interest     52,884,624   48,908,484
Non-controlling interest     8,300,737   7,732,494
Total consolidated stockholders’ equity 22   61,185,361   56,640,978
Total liabilities and stockholders’ equity   $ 91,710,398 $ 90,180,792
           
           

See accompanying notes to consolidated financial statements.