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Consolidated statements
of financial position

as of December 31, 2016, 2015 and 2014
(In thousands of Mexican pesos)

  Note   2016   2015   2014
Assets              
Current assets:              
Cash and cash equivalents 7 $ 1,714,356 $ 3,904,546 $ 3,572,499
Other cash equivalents     -   951,027   2,539,740
Accounts receivable, Net 8   13,116,889   11,472,026   11,026,902
Inventories, Net 9   10,455,932   9,204,568   8,966,031
Prepaid expenses     144,475   126,857   88,710
Total current assets     25,431,652   25,659,024   26,193,882
               
Non-current assets:              
Long-term accounts receivable     10,143   27,479   46,000
Property, machinery and equipment, Net 12   14,400,591   12,608,487   11,358,677
Investment property 13   2,207,946   2,086,228   1,908,604
Investment in shares of associated companies and others 14   1,913,536   1,317   1,351
Employee retirement benefits 17   504,551   582,889   942,910
Deferred income taxes 24b   600,583   362,882   200,369
Other assets, Net     116,041   35,725   32,609
Total non-current assets     19,753,391   15,705,007   14,490,520
Total assets   $ 45,185,043 $ 41,364,031 $ 40,684,402
               
Liabilities              
Current liabilities:              
Trade accounts payable   $ 7,166,771 $ 6,049,697 $ 6,158,554
Other accounts payable and accrued liabilities 15   3,842,636   3,602,990   3,286,137
Due to related parties 19   518,388   216,930   265,181
Provisions 16   102,292   59,663   85,744
Direct employee benefits     452,699   431,067   414,933
Income tax payable     387,652   391,380   229,483
Total current liabilities     12,482,438   10,751,727   10,440,032
               
Non-current liabilities:              
Income tax payable long-term 24b   444,188   245,884   313,539
Employee retirement benefits 17   142,006   161,911   70,582
Deferred income taxes 24b   1,164,886   809,378   917,367
Total non-current liabilities     1,751,080   1,217,173   1,301,488
Total liabilities     14,233,518   11,968,900   11,741,520
               
Stockholders’ equity              
Stockholders’ equity:              
Capital stock 19   2,003,960   2,010,544   2,028,107
Additional paid - in capital     10,896,604   10,896,604   10,896,604
Accumulated earnings     17,225,414   14,797,155   14,285,028
Other comprehensive loss items     (349,766)   (352,409)   (66,078)
Controlling interest     29,776,212   27,351,894   27,143,661
Non-controlling interest     1,175,313   2,043,237   1,799,221
Total stockholders’ equity     30,951,525   29,395,131   28,942,882
Total liabilities and stockholders’ equity   $ 45,185,043 $ 41,364,031 $ 40,684,402

See accompanying notes to consolidated financial statements.