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

Consolidated Statements of Financial Position

As of December 31, 2015, 2014 and 2013
(In thousands of Mexican pesos)

 
Note
  
2015
  
2014
  
2013
Assets              
Current assets:              
Cash and cash equivalents 6 $ 8,070,330 $ 7,777,439 $ 6,898,520
Investments in securities held for trading 7   2,692,010   6,313,231   3,654,983
Accounts and notes receivable, net 8   20,584,503   18,434,088   21,419,487
Due from related parties 23   3,436,079   2,672,542   3,813,538
Inventories, net 9   13,818,933   13,684,065   14,326,479
Prepaid expenses     698,115   942,431   966,063
Derivative financial instruments 13   –   –   6,213
Total current assets     49,299,970   49,823,796   51,085,283
               
Non-current assets:              
Long-term accounts receivable     27,479   48,062   59,562
Real estate inventories     790,920   877,318   831,035
Property, machinery and equipment, net 14   23,470,085   21,849,281   20,311,612
Investment property 15   2,758,662   2,475,631   2,249,466
Investment in associates and joint ventures 16   13,941,135   12,464,262   12,004,831
Employee retirement benefits 21   616,473   1,059,890   948,625
Derivative financial instruments 13   227,233   214,006   249,372
Intangible assets, net 17   237,551   270,928   302,223
Deferred income tax asset 27   2,143,195   1,754,350   1,432,369
Other assets – net 18   672,207   872,874   706,414
Total non-current assets     44,884,940   41,886,602   39,095,509
Total assets   $ 94,184,910 $ 91,710,398 $ 90,180,792
               
Liabilities              
Current liabilities:              
Notes payable to financial institutions and other 19 $ 2,411,615 $ 2,717,358 $ 3,145,499
Current portion of long-term debt 19   21   2,942   4,010
Trade accounts payable     8,399,593   8,535,817   9,086,008
Due to related parties 23   1,885,390   1,211,685   2,014,008
Other accounts payable and accrued liabilities     5,603,083   4,001,657   3,647,201
Provisions 20   2,346,175   4,240,288   2,977,613
Direct employee benefits     881,083   799,683   775,376
Derivative financial instruments 13   87,544   28,729   17,848
Advances from customers     274,120   973,268   1,540,472
Total current liabilities     21,888,624   22,511,427   23,208,035
               
Non-current liabilities:              
Long-term debt 19   5,000,000   5,000,026   5,733,362
Deferred income taxes 27   1,390,901   1,345,523   1,747,014
Provisions 16c   -   -   1,297,021
Other long-term liabilities     1,328,063   838,657   468,409
Employee retirement benefits 21   431,368   186,963   262,723
Derivative financial instruments 13   351,586   642,441   823,250
Total non-current liabilities     8,501,918   8,013,610   10,331,779
Total liabilities     30,390,542   30,525,037   33,539,814
               
Stockholders’ equity              
Capital stock 22   2,533,048   2,536,774   2,536,774
Net stock issuance premium     879,092   879,092   879,092
Retained earnings     51,756,235   48,808,374   45,264,844
Other comprehensive (loss) income items     (56,014)   660,384   227,774
Controlling interest     55,112,361   52,884,624   48,908,484
Non-controlling interest     8,682,007   8,300,737   7,732,494
Total consolidated stockholders’ equity 22   63,794,368   61,185,361   56,640,978
Total liabilities and stockholders’ equity   $ 94,184,910 $ 91,710,398 $ 90,180,792

See accompanying notes to consolidated financial statements