Consolidated statements
of financial position

As of December 31, 2017, 2016 and 2015
(In thousands of Mexican pesos)

  Note   2017   2016   2015
Assets              
Current assets:              
Cash and cash equivalents 6   $4,331,365   $4,857,917   $8,070,330
Investments in securities held for trading 7   777,387   1,498,719   2,692,010
Accounts and notes receivable, net 8   25,955,943   25,504,011   20,584,503
Due from related parties 23   4,090,590   3,682,581   3,436,079
Inventories, net 9   16,509,661   15,766,892   13,818,933
Prepaid expenses     698,926   723,039   698,115
Derivative financial instruments 13   24,101   10,898   –
Total current assets     52,387,973   52,044,057   49,299,970
               
Non-current assets:              
Long-term accounts receivable     –   10,143   27,479
Real estate inventories     911,977   873,262   790,920
Property, machinery and equipment, net 14   33,402,553   30,175,511   23,778,913
Investment property 15   2,812,198   2,668,495   2,449,834
Investment in associates and joint ventures 16   24,892,481   19,819,417   13,941,135
Employee retirement benefits 21   634,276   517,681   616,473
Derivative financial instruments 13   301,195   359,532   227,233
Intangible assets, net 17   762,212   663,438   560,880
Deferred income tax asset 27   2,384,854   2,048,472   2,143,195
Other assets - net 18   358,211   376,341   348,878
Total non-current assets     66,459,957   57,512,292   44,884,940
Total assets     $118,847,930   $109,556,349   $94,184,910
               
Liabilities              
Current liabilities:              
Notes payable to financial institutions and other 19   $2,662,952   $6,721,179   $2,411,615
Current portion of long-term debt 19   15,478   5,000,000   21
Trade accounts payable     9,911,843   9,346,930   8,399,593
Due to related parties 23   1,890,909   2,368,778   1,885,390
Other accounts payable and accrued liabilities     6,863,128   6,353,423   5,603,083
Provisions 23   3,488,389   3,269,303   2,346,175
Direct employee benefits     988,203   1,003,831   881,083
Derivative financial instruments 13   305   69,281   87,544
Advances from customers     238,131   125,581   274,120
Total current liabilities     26,059,338   34,258,306   21,888,624
               
Non-current liabilities:              
Long-term debt 19   7,548,311   –   5,000,000
Deferred income taxes 27   2,152,685   1,827,890   1,390,901
Other long-term liabilities     1,555,929   1,486,303   1,328,063
Employee retirement benefits 21   397,486   391,543   431,368
Derivative financial instruments 13   202,524   12,143   351,586
Total non-current liabilities     11,856,935   3,717,879   8,501,918
Total liabilities     37,916,273   37,976,185   30,390,542
               
Stockholders’ equity 22            
Capital stock     2,534,882   2,530,929   2,533,048
Net stock issuance premium     2,392,896   879,092   879,092
Retained earnings     66,076,949   58,640,821   51,756,235
Other comprehensive income items     1,665,632   1,421,137   (56,014)
Controlling interest     72,670,359   63,471,979   55,112,361
Non-controlling interest     8,261,298   8,108,185   8,682,007
Total consolidated stockholders’ equity 22   80,931,657   71,580,164   63,794,368
Total liabilities and stockholders’ equity     $118,847,930   $109,556,349   $94,184,910

See accompanying notes to consolidated financial statements.