Grupo Carso, S.A.B. de C.V. and Subsidiaries
For the years ended December 31, 2016, 2015 and 2014
(In thousands of Mexican pesos)
| Capital Stock | Net stock issuance premium | Retained earnings | Translation effects of foreign operations | Valuation of derivative financial instruments | Actuarial gain (losses) | Share of other comprehensive income of associates | Total controlling interest | Non-controlling interest | Total stockholders equity | |
|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated 2014 beginning balances | $2,536,774 | $879,092 | $45,264,844 | $411,427 | $(55,332) | $(162,316) | $33,995 | $48,908,484 | $7,732,494 | $56,640,978 |
| Cash dividends declared | – | – | (1,831,841) | – | – | – | – | (1,831,841) | – | (1,831,841) |
| Dividends paid to non-controlling interest | – | – | – | – | – | – | – | – | (419,981) | (419,981) |
| Decrease in non-controlling interest due to stock issuance of subsidiary | – | – | (164,573) | – | – | – | – | (164,573) | (131,976) | (296,549) |
| Loss on sale-purchase of shares in associated (Note 22b) | – | – | (145,046) | – | – | – | – | (145,046) | - | (145,046) |
| Balances before comprehensive income | 2,536,774 | 879,092 | 43,123,384 | 411,427 | (55,332) | (162,316) | 33,995 | 46,767,024 | 7,180,537 | 53,947,561 |
| Consolidated comprehensive income of the year | – | – | 5,684,990 | 434,592 | (22,766) | 20,714 | 70 | 6,117,600 | 1,120,200 | 7,237,800 |
| Consolidated balances as of December 31, 2014 | 2,536,774 | 879,092 | 48,808,374 | 846,019 | (78,098) | (141,602) | 34,065 | 52,884,624 | 8,300,737 | 61,185,361 |
| Repurchase of capital stock | (3,726) | – | (1,061,992) | – | – | – | – | (1,065,718) | – | (1,065,718) |
| Cash dividends declared | – | – | (1,915,702) | – | – | – | – | (1,915,702) | - | (1,915,702) |
| Dividends paid to non-controlling interest | – | – | - | – | – | – | – | - | (747,360) | (747,360) |
| Decrease in non-controlling interest due to stock issuance of subsidiary | – | – | (284,049) | – | – | – | – | (284,049) | (366,503) | (650,552) |
| Increase in non-controlling interest due to stock issuance of subsidiary | – | – | 13,449 | – | – | – | – | 13,449 | 246,318 | 259,767 |
| Balances before comprehensive income | 2,533,048 | 879,092 | 45,560,080 | 846,019 | (78,098) | (141,602) | 34,065 | 49,632,604 | 7,433,192 | 57,065,796 |
| Consolidated comprehensive income of the year | – | – | 6,196,155 | (247,316) | (1,746) | (465,068) | (2,268) | 5,479,757 | 1,248,815 | 6,728,572 |
| Consolidated balances as of December 31, 2015 | 2,533,048 | 879,092 | 51,756,235 | 598,703 | (79,844) | (606,670) | 31,797 | 55,112,361 | 8,682,007 | 63,794,368 |
| Repurchase of capital stock | (2,119) | – | (680,020) | – | – | – | – | (682,139) | – | (682,139) |
| Cash dividends declared | – | – | (1,995,912) | – | – | – | – | (1,995,912) | – | (1,995,912) |
| Dividends paid to non-controlling interest | – | – | – | – | – | – | – | – | (1,251,003) | (1,251,003) |
| Decrease in non-controlling interest due to stock issuance of subsidiary | – | – | (98,334) | – | – | – | – | (98,334) | (137,557) | (235,891) |
| – | – | 133,956 | – | – | – | – | 133,956 | 430,925 | 564,881 | |
| Increase in non-controlling interest due to stock issuance of subsidiary | – | – | - | – | – | – | – | - | (1,413,279) | (1,413,279) |
| Balances before comprehensive income | 2,530,929 | 879,092 | 49,115,925 | 598,703 | (79,844) | (606,670) | 31,797 | 52,469,932 | 6,311,093 | 58,781,025 |
| Consolidated comprehensive income of the year | – | – | 9,524,896 | 359,113 | 11,439 | 57,584 | 1,049,015 | 11,002,047 | 1,797,092 | 12,799,139 |
| Consolidated balances as of December 31, 2016 | $2,530,929 | $879,092 | $58,640,821 | $957,816 | $(68,405) | $(549,086) | $1,080,812 | $63,471,979 | $8,108,185 | $71,580,164 |
See accompanying notes to consolidated financial statements