Grupo Carso, S.A.B. de C.V. and Subsidiaries
As of December 31, 2016, 2015 and 2014
(In thousands of Mexican pesos, except for basic earnings per common share data)
Note |
2016 |
2015 |
2014 |
||||
|---|---|---|---|---|---|---|---|
| Net sales | 24 | $ | 95,187,635 | $ | 88,223,816 | $ | 82,387,858 |
| Cost of sales | 25 | 66,717,610 | 62,661,502 | 59,181,725 | |||
| Gross profit | 28,470,025 | 25,562,314 | 23,206,133 | ||||
| Sales and development expenses | 25 | 11,838,925 | 11,088,808 | 10,534,161 | |||
| Administrative expenses | 25 | 3,931,465 | 3,659,401 | 3,663,867 | |||
| Statutory employee profit sharing | 388,308 | 350,417 | 289,519 | ||||
| Other (income) expenses, net | 26 | (273,282) | 263,805 | (580,322) | |||
| Interest expense | 518,538 | 389,795 | 440,199 | ||||
| Interest income | (377,811) | (473,088) | (465,787) | ||||
| Exchange gain | (3,973,438) | (1,886,461) | (1,491,621) | ||||
| Exchange loss | 3,079,668 | 1,849,986 | 1,901,218 | ||||
| Effects of valuation of derivative financial instruments | 38,180 | 1,046,921 | 671,804 | ||||
| (Gain) loss on disposal of shares of associates | (1,141,267) | (129,376) | 209,386 | ||||
| Equity in income of associated companies and joint ventures | 16c | (1,868,484) | (1,275,577) | (1,414,603) | |||
| Income before income taxes | 16,309,223 | 10,677,683 | 9,448,312 | ||||
| Income taxes | 27 | 5,030,852 | 3,173,352 | 2,673,669 | |||
| Consolidated net income for the year | $ | 11,278,371 | $ | 7,504,331 | $ | 6,774,643 | |
| Other comprehensive income, net of income tax | |||||||
| Items that may be reclassified subsequently to profit or loss: | |||||||
| Exchange differences on translating foreign operations | $ | 392,522 | $ | (252,695) | $ | 453,498 | |
| Valuation of derivative financial instruments | 11,487 | (1,753) | (22,862) | ||||
| Items that will not be reclassified subsequently to profit or loss: | |||||||
| Actuarial gain (loss) | 48,657 | (519,043) | 32,451 | ||||
| Share of other comprehensive income of associates and joint ventures | 1,068,102 | (2,268) | 70 | ||||
| Total other comprehensive income | 1,520,768 | (775,759) | 463,157 | ||||
| Consolidated comprehensive income of the year | $ | 12,799,139 | $ | 6,728,572 | $ | 7,237,800 | |
| Consolidated net income attributable to: | |||||||
| Controlling interest | $ | 9,524,896 | $ | 6,196,155 | $ | 5,684,990 | |
| Non-controlling interest | 1,753,475 | 1,308,176 | 1,089,653 | ||||
| $ | 11,278,371 | $ | 7,504,331 | $ | 6,774,643 | ||
| Basic earnings per common share attributable to controlling interest: | |||||||
| Continuing operations | $ | 4.198 | $ | 2.716 | $ | 2.483 | |
| Weighted average number of shares (‘000) | 2,268,787 | 2,281,190 | 2,289,802 | ||||
| Consolidated comprehensive income attributable to: | |||||||
| Controlling interest | $ | 11,002,047 | $ | 5,479,757 | $ | 6,117,600 | |
| Non-controlling interest | 1,797,092 | 1,248,815 | 1,120,200 | ||||
| $ | 12,799,139 | $ | 6,728,572 | $ | 7,237,800 |
See accompanying notes to consolidated financial statements.