FEMSA Annual Report 2012

About the Company Operating Overview Financial Highlights Executive Team Board of Directors Management’s Discussion and Analysis Financial Summary Feedback

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Introduction Consumer Focus Constant Growth Profitable Complexity

Financial Highlights Coca-Cola FEMSA Results FEMSA Comercio Results

Consumer Focus Growth Profitable Complexity

Consumer Focus Growth Profitable Complexity

Introduction Initiatives FEMSA Foundation

Executive Team Corporate Governance Board of Directors

Financial Summary Management's Discussion
and Analysis Audit Committee
Annual Report

Independent Auditor's
Report Consolidated Statements
of Financial Position Consolidated Income
Statements Consolidated Statements
of Comprehensive Income Consolidated Statements
of Changes in Equity Consolidated Statements
of Cash Flows Notes to the Consolidated
Financial Statements

For the years ended December 31, 2012 and 2011
Amounts expressed in millions of Mexican pesos (Ps.)

The accompanying notes are an integral part of these consolidated statements of changes in equity.

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© FEMSA 2013