FEMSA Copyright 2016

Consolidated Financial Statements

 
 

Consolidated Statements of Financial Position

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

As of December 31, 2015 and 2014.
Amounts expressed in millions of U.S. dollars ($) and in millions of Mexican pesos (Ps.)

  Note   December
2015(*)		   December
2015		   December
2014
ASSETS              
Current Assets:              
Cash and cash equivalents 5 $ 1,710 Ps. 29,396 Ps. 35,497
Investments 6   1   19   144
Accounts receivable, net 7   1,047   18,012   13,842
Inventories 8   1,435   24,680   17,214
Recoverable taxes     497   8,544   8,030
Other current financial assets 9   141   2,418   2,597
Other current assets 9   213   3,654   1,788
Total current assets     5,044   86,723   79,112
Investments in associates and joint ventures 10   6,498   111,731   102,159
Property, plant and equipment, net 11   4,670   80,296   75,629
Intangible assets, net 12   6,301   108,341   101,527
Deferred tax assets 24   482   8,293   6,278
Other financial assets 13   521   8,955   6,551
Other assets, net 13   289   4,993   4,917
TOTAL ASSETS   $ 23,805 Ps. 409,332 Ps. 376,173
LIABILITIES AND EQUITY              
Current Liabilities:              
Bank loans and notes payable 18 $ 130 Ps. 2,239 Ps. 449
Current portion of long-term debt 18   213   3,656   1,104
Interest payable     35   597   482
Suppliers     2,080   35,773   26,467
Accounts payable     537   9,236   7,778
Taxes payable     531   9,136   8,177
Other current financial liabilities 25   274   4,709   4,862
Total current liabilities     3,800   65,346   49,319
Long-Term Liabilities:              
Bank loans and notes payable 18   5,000   85,969   82,935
Post-employment and other long-term employee benefits 16   246   4,229   4,207
Deferred tax liabilities 24   362   6,230   3,643
Other financial liabilities 25   29   495   328
Provisions and other long-term liabilities 25   303   5,207   5,619
Total long-term liabilities     5,940   102,130   96,732
Total liabilities     9,740   167,476   146,051
Equity:              
Controlling interest:              
Capital stock     195   3,348   3,347
Additional paid-in capital     1,501   25,807   25,649
Retained earnings     9,103   156,532   147,122
Cumulative other comprehensive (loss)     (243)   (4,163)   (5,645)
Total controlling interest     10,556   181,524   170,473
Non-controlling interest in consolidated subsidiaries 21   3,509   60,332   59,649
Total equity     14,065   241,856   230,122
TOTAL LIABILITIES AND EQUITY   $ 23,805 Ps. 409,332 Ps. 376,173

(*) Convenience translation to U.S. dollars ($) – See Note 2.2.3
The accompanying notes are an integral part of these consolidated statements of financial position.