Grupo Carso, S.A.B. de C.V. and Subsidiaries
| Note | 2014 | 2013 | |||
|---|---|---|---|---|---|
| Net sales | 24 | $ | 82,387,858 | $ | 85,870,545 |
| Cost of sales | 25 | 59,181,725 | 62,964,909 | ||
| Gross profit | 23,206,133 | 22,905,636 | |||
| Sales and development expenses | 25 | 10,534,161 | 10,050,242 | ||
| Administrative expenses | 25 | 3,663,867 | 3,305,976 | ||
| Statutory employee profit sharing | 289,519 | 225,344 | |||
| Other income, net | 26 | (580,322) | (364,538) | ||
| Interest expense | 440,199 | 581,374 | |||
| Interest income | (465,787) | (459,899) | |||
| Exchange gain | (1,491,621) | (2,870,750) | |||
| Exchange loss | 1,901,218 | 2,651,572 | |||
| Effects of valuation of derivative financial instruments | 671,804 | (706) | |||
| Loss (gain) on disposal of shares of associates | 16c | 209,386 | (7,588,664) | ||
| Equity in income of associates | (1,414,603) | (1,308,793) | |||
| Income before income taxes | 9,448,312 | 18,684,478 | |||
| Income taxes | 27 | 2,673,669 | 3,721,708 | ||
| Consolidated net income for the year | $ | 6,774,643 | $ | 14,962,770 | |
| Other comprehensive income, net of income tax | |||||
| Items that may be reclassified subsequently to profit or loss: | |||||
| Cumulative translation adjustment for foreign operations | $ | 453,498 | $ | 172,203 | |
| Valuation of derivative financial instruments | (22,862) | (27,456) | |||
| Items that will not be reclassified subsequently to profit or loss: | |||||
| Actuarial gain | 32,451 | 71,440 | |||
| Share of other comprehensive income of associates | 70 | 456 | |||
| Total other comprehensive income | 463,157 | 216,643 | |||
| Consolidated comprehensive income of the year | $ | 7,237,800 | $ | 15,179,413 | |
| Consolidated net income attributable to: | |||||
| Controlling interest | $ | 5,684,990 | $ | 13,929,481 | |
| Non-controlling interest | 1,089,653 | 1,033,289 | |||
| $ | 6,774,643 | $ | 14,962,770 | ||
| Basic earnings per common share attributable to controlling interest: | |||||
| Continuing operations | $ | 2.483 | $ | 6.083 | |
| Weighted average number of shares (‘000) | 2,289,802 | 2,289,802 | |||
| Consolidated comprehensive income attributable to: | |||||
| Controlling interest | $ | 6,117,600 | $ | 14,147,326 | |
| Non-controlling interest | 1,120,200 | 1,032,087 | |||
| $ | 7,237,800 | $ | 15,179,413 | ||
See accompanying notes to consolidated financial statements.