FEMSA Copyright 2016

Consolidated Financial Statements

 
 

Consolidated Statements of Changes in Equity

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. AND SUBSIDIARIES
MONTERREY, N.L., MEXICO

For the years ended December 31, 2015, 2014 and 2013.
Amounts expressed in millions of Mexican pesos (Ps.)

    Capital Stock   Additional Paid-in Capital   Retained Earnings   Unrealized Gain (Loss) on Available for Sale Securities   Valuation of the Effective Portion of Derivative Financial Instrument   Exchange Differences on the Translation of Foreign Operations and Associates   Remeasurements of the Net Defined Benefit Liability   Total Controlling Interest   Non-Controlling Interest
Total Equity
Balances at January 1, 2013 Ps. 3,346 Ps. 22,740 Ps. 128,508 Ps. 2 Ps. 349 Ps. 1,961 Ps. (1,647) Ps. 155,259 Ps. 54,902 Ps. 210,161
Net income           15,922                   15,922   6,233   22,155
Other comprehensive income, net of tax               (2)   (170)   (1,214)   458   (928)   (910)   (1,838)
Comprehensive income           15,922   (2)   (170)   (1,214)   458   14,994   5,323   20,317
Dividends declared           (13,368)                   (13,368)   (3,125)   (16,493)
Repurchase of shares associated with share-based payment plans       (172)                       (172)   (7)   (179)
Acquisition of Grupo Yoli through issuance of Coca-Cola FEMSA shares (see Note 4)       2,865           2   32   2   2,901   5,120   8,021
Other acquisitions (see Note 4)                               -   430   430
Increase in share of non-controlling interest                               -   515   515
Other movements of equity method of associates, net of taxes           (222)                   (222)   -   (222)
Balances at December 31, 2013   3,346   25,433   130,840   -   181   779   (1,187)   159,392   63,158   222,550
Net income           16,701                   16,701   63,158   22,630
Other comprehensive income, net of tax                   126   (4,412)   (1,132)   (5,418)   (6,265)   (11,683)
Comprehensive income           16,701       126   (4,412)   (1,132)   11,283   (336)   10,947
Dividends declared                               -   (3,152)   (3,152)
Issuance (repurchase) of shares associated with share-based payment plans   1   216                       217   (21)   196
Other movements of equity method of associates, net of taxes           (419)                   (419)   -   (419)
Balances at December 31, 2014   3,347   25,649   147,122   -   307   (3,633)   (2,319 )   170,473   59,649   230,122
Net income           17,683                   17,683   5,593   23,276
Other comprehensive income, net of tax                   299   945   238   1,482   (2,999)   (1,517)
Comprehensive income           17,683       299   945   238   19,165   2,594   21,759
Dividends declared           (7,350)                   (7,350)   (3,351)   (10,701)
Issuance of shares associated with share-based payment plans   1   158                       159   57   216
Acquisition of Grupo Socofar (see Note 4)                               -   1,133   1,133
Contributions from non-controlling interest                   -   -   -   -   250   250
Other movements of equity method of associates, net of taxes           (923)                   (923)   -   (923)
Balances at December 31, 2015 Ps. 3,348 Ps. 25,807 Ps. 156,532 Ps. - Ps. 606 Ps. (2,688) Ps. (2,081) Ps. 181,524 Ps. 60,332 Ps. 241,856

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