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Consolidated statements of financial position

   

Grupo Carso, S.A.B. de C.V. and Subsidiaries
As of December 31, 2016, 2015 and 2014
(In thousands of Mexican pesos)

  Note   2016   2015   2014
Assets              
Current assets:              
Cash and cash equivalents 6 $ 4,857,917 $ 8,070,330 $ 7,777,439
Investments in securities held for trading 7   1,498,719   2,692,010   6,313,231
Accounts and notes receivable, net 8   25,504,011   20,584,503   18,434,088
Due from related parties 23   3,682,581   3,436,079   2,672,542
Inventories, net 9   15,766,892   13,818,933   13,684,065
Prepaid expenses     723,039   698,115   942,431
Derivative financial instruments 13   10,898   –   –
Total current assets     52,044,057   49,299,970   49,823,796
               
Non-current assets:              
Long-term accounts receivable     10,143   27,479   48,062
Real estate inventories     873,262   790,920   877,318
Property, machinery and equipment, net 14   30,175,511   23,778,913   22,158,109
Investment property 15   2,668,495   2,449,834   2,166,803
Investment in associates and joint ventures 16   19,819,417   13,941,135   12,464,262
Employee retirement benefits 21   517,681   616,473   1,059,890
Derivative financial instruments 13   359,532   227,233   214,006
Intangible assets, net 17   663,438   560,880   1,013,668
Deferred income tax asset 27   2,048,472   2,143,195   1,754,350
Other assets – net 18   376,341   348,878   130,134
Total non-current assets     57,512,292   44,884,940   41,886,602
Total assets   $ 109,556,349 $ 94,184,910 $ 91,710,398
               
Liabilities              
Current liabilities:              
Notes payable to financial institutions and other 19 $ 6,721,179 $ 2,411,615 $ 2,717,358
Current portion of long-term debt 19   5,000,000   21   2,942
Trade accounts payable     9,346,930   8,399,593   8,535,817
Due to related parties 23   2,368,778   1,885,390   1,211,685
Other accounts payable and accrued liabilities     6,353,423   5,603,083   4,001,657
Provisions 20   3,269,303   2,346,175   4,240,288
Direct employee benefits     1,003,831   881,083   799,683
Derivative financial instruments 13   69,281   87,544   28,729
Advances from customers     125,581   274,120   973,268
Total current liabilities     34,258,306   21,888,624   22,511,427
               
Non-current liabilities:              
Long-term debt 19   -   5,000,000   5,000,026
Deferred income taxes 27   1,827,890   1,390,901   1,345,523
Other long-term liabilities     1,486,303   1,328,063   838,657
Employee retirement benefits 21   391,543   431,368   186,963
Derivative financial instruments 13   12,143   351,586   642,441
Total non-current liabilities     3,717,879   8,501,918   8,013,610
Total liabilities     37,976,185   30,390,542   30,525,037
               
Stockholders’ equity              
Capital stock 22   2,530,929   2,533,048   2,536,774
Net stock issuance premium     879,092   879,092   879,092
Retained earnings     58,640,821   51,756,235   48,808,374
Other comprehensive income items     1,421,137   (56,014)   660,384
Controlling interest     63,471,979   55,112,361   52,884,624
Non-controlling interest     8,108,185   8,682,007   8,300,737
Total consolidated stockholders’ equity 22   71,580,164   63,794,368   61,185,361
Total liabilities and stockholders’ equity   $ 109,556,349 $ 94,184,910 $ 91,710,398

See accompanying notes to consolidated financial statements.