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, 2016 and 2015.
Amounts expressed in millions of U.S. dollars ($)
and in millions of Mexican pesos (Ps.).		 Note December 2016 (*) December 2016 December 2015
ASSETS
Current Assets:              
Cash and cash equivalents 5   $ 2,117   Ps. 43,637   Ps. 29,396
Investments 6   6   120   19
Accounts receivable, net 7   1,272   26,222   18,012
Inventories 8   1,549   31,932   24,680
Recoverable taxes 24   447   9,226   8,544
Other current financial assets 9   131   2,705   2,418
Other current assets 9   199   4,109   3,654
Total current assets     5,721   117,951   86,723
Investments in associates and joint ventures 10   6,238   128,601   111,731
Property, plant and equipment, net 11   4,958   102,223   80,296
Intangible assets, net 12   7,434   153,268   108,341
Deferred tax assets 24   585   12,053   8,293
Other financial assets 13   744   15,345   8,955
Other assets 13   785   16,182   4,993
TOTAL ASSETS     $ 26,465   Ps. 545,623   Ps. 409,332
LIABILITIES AND EQUITY              
Current Liabilities:              
Bank loans and notes payable 18   $ 93   Ps. 1,912   Ps. 2,239
Current portion of long-term debt 18   260   5,369   3,656
Interest payable     47   976   597
Suppliers     2,302   47,465   35,773
Accounts payable     564   11,624   9,236
Taxes payable     551   11,360   9,136
Other current financial liabilities 25   368   7,583   4,709
Total current liabilities     4,185   86,289   65,346
Long-Term Liabilities:              
Bank loans and notes payable 18   6,401   131,967   85,969
Employee benefits 16   216   4,447   4,229
Deferred tax liabilities 24   535   11,037   6,230
Other financial liabilities 25   355   7,320   495
Provisions and other long-term liabilities 25   892   18,393   5,207
Total long-term liabilities     8,399   173,164   102,130
Total liabilities     12,584   259,453   167,476
Equity:              
Controlling interest:              
Capital stock     162   3,348   3,348
Additional paid-in capital     1,248   25,733   25,807
Retained earnings     8,187   168,796   156,532
Cumulative other comprehensive income (loss)     682   14,027   (4,163)
Total controlling interest     10,279   211,904   181,524
Non-controlling interest in consolidated subsidiaries 21   3,602   74,266   60,332
Total equity     13,881   286,170   241,856
TOTAL LIABILITIES AND EQUITY     $ 26,465   Ps. 545,623   Ps. 409,332

 

(*) 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.