2018 Annual Report

Consolidated Statements of Profit
or Loss and Other Comprehensive Income

For the years ended December 31, 2018, 2017 and 2016
(In thousands of Mexican pesos, except for basic earnings per commons share data)

  Note   2018   2017   2016
               
Revenue 20 $ 51,755,422 $ 49,768,427 $ 47,593,847
Costs of sales and services 21   31,630,528   30,044,866   28,671,387
Gross profit     20,124,894   19,723,561   18,922,460
               
Selling and distribution expenses 21   11,364,747   11,037,721   10,386,185
Administrative expenses 21   3,006,758   2,648,207   2,247,278
Depreciation 21   1,246,541   1,195,686   1,064,335
Other income 22   (552,161)   (456,266)   (1,481,058)
Other expenses 23   262,898   139,803   85,467
Interest expense     158,103   143,794   128,748
Interest income     (270,535)   (195,295)   (248,201)
Exchange gain     (107,072)   (128,567)   (161,183)
Exchange loss     118,352   122,518   222,227
Equity in income of associates companies 14   (187,088)   (173,293)   (89,992)
Income before income taxes     5,084,351   5,389,253   6,768,654
               
Income taxes 24a   1,346,296   1,227,272   2,034,667
               
Consolidated net income for the year     3,738,055   4,161,981   4,733,987
               
Other comprehensive income, net of income tax:              
Items that may be reclassified subsequently to
profit or loss:		              
Effect of adopting new standard     (76,242)   -   -
Exchange differences on translating foreign operations     (2,300)   (13,948)   58,204
               
Item that will not be reclassified subsequently to
profit or loss:		              
Actuarial gain (loss) 17   74,793   10,291   (78,972)
               
Deferred income taxes     (22,438)   (3,087)   23,411
               
Consolidated comprehensive income of the year   $ 3,711,868 $ 4,155,237 $ 4,736,630
               
Consolidated net income attributable to:              
Controlling interest   $ 3,534,506 $ 3,957,856 $ 4,466,305
Non-controlling interest     203,549   204,125   267,682
    $ 3,738,055 $ 4,161,981 $ 4,733,987
               
Consolidate comprehensive income attributable to:              
Controlling interest   $ 3,508,319 $ 3,951,112 $ 4,468,948
Non-controlling interest     203,549   204,125   267,682
    $ 3,711,868 $ 4,155,237 $ 4,736,630
Basic earnings per common share attributable to interest   $ 1.56 $ 1.72 $ 1.94
               
Weighted average number of shares     2,268,903,242   2,296,547,855   2,304,319,680

See accompanying notes to consolidated financial statements.