Consolidated Statements of Changes in Stockholders’ Equity

For the years ended December 31, 2020, 2019 and 2018
(In thousands pesos)

		Capital Stock		Premium on Issuance of share		Retained earnings		Translation effects of foreign operations		Actuarial gain (loss)		Applied IFRS		Total controlling interest		Non- controlling interest		Total Stockholder’s Equity
Balances as of December 31, 2017	$	1,990,185	$	10,896,604	$	18,755,557	$	113,615	$	(468,816)	$	(913,809)	$	30,373,336	$	1,204,941	$	31,578,277
Dividends paid to controlling interest and non-controlling interest		-		-		(2,040,218)		-		-		-		(2,040,218)		(116,578)		(2,156,796)
Repurchase of shares, net of dividends		(10,135)		-		(290,832)		-		-		-		(300,967)		-		(300,967)
Consolidated comprehensive income of the year		-		-		3,729,854		(2,210)		52,355		(56,804)		3,723,195		203,549		3,926,744
Balances as of December 31, 2018		1,980,050		10,896,604		20,154,361		111,405		(416,461)		(970,613)		31,755,346		1,291,912		33,047,258
Dividends paid to controlling interest and non-controlling interest		-		-		(2,082,956)		-		-		-		(2,082,956)		(137,802)		(2,220,758)
Repurchase of shares, net of dividends		(2,530)		-		(79,001)		-		-		-		(81,531)		-		(81,531)
Consolidated comprehensive income of the year		-		-		2,948,504		(11,708)		(666,584)		-		2,270,212		141,095		2,411,307
Balances as of December 31, 2019		1,977,520		10,896,604		20,940,908		99,697		(1,083,045)		(970,613)		31,861,071		1,295,205		33,156,276
Dividends paid to controlling interest and non-controlling interest		-		-		-		-		-		-		-		(501,094)		(501,094)
Repurchase of shares, net of dividends		(2,237)		-		(61,526)		-		-		-		(63,763)		-		(63,763)
Consolidated comprehensive income of the year		-		-		727,494		21,965		(118,633)		(257)		630,569		86,318		716,887
Balances as of December 31, 2020	$	1,975,283	$	10,896,604	$	21,606,876	$	121,662	$	(1,201,678)	$	(970,870)	$	32,427,877	$	880,429	$	33,308,306

See accompanying notes to consolidated financial statements.