Consolidated balance sheets

December 31, 2012 and 2011 (Thousands of pesos)

      December 31,
  Note     2012     2011
Assets              
Current assets:              
Cash and cash equivalents 7   $ 2,910,124   $ 2,565,515
Short – term loan portfolio – net 8     17,561,620     15,990,126
Value added tax recoverable – net       994,584     919,275
Income tax recoverable – net       402,997     -
Other accounts receivable – net 9     920,354     850,984
Inventory 11     10,558,247     10,109,023
Prepaid expenses 2.29     520,160     502,599
Total current assets       33,868,086     30,937,522
Non – current assets:
              
Long – term loan portfolio – net 8     6,389,578     4,768,474
Long – term other accounts receivable – net 9     172,117     158,646
Derivative financial instruments 10     318,364     240,100
Investment in shares of associates 11     4,007,211     3,568,978
Intangibles – net 12     1,503,847     927,142
Investment properties – net 13     12,360,087     10,102,793
Property, furniture and equipment – net 14     26,490,563     22,319,405
Total     $ 85,109,853   $ 73,023,060
Liabilities and stockholders’ equity
              
Current liabilities:
              
Suppliers     $ 10,288,069   $ 9,583,759
Provisions 16     1,501,543     1,392,432
Deferred income 2.24     1,480,314     1,338,544
Creditors       4,446,520     4,145,308
Income tax payable 23     -     138,149
Total current liabilities       17,716,446     16,598,192
Long – term loans from financial institutions 17     921,456     921,456
Long – term unsecured notes 18     12,000,000     8,000,000
Derivative financial instruments 10     341,237     357,999
Employee benefits 19     398,645     265,004
Deferred income tax 23.2     4,202,359     3,621,420
Total liabilities       35,580,143     29,764,071
Stockholders’ equity:
              
Capital stock 24     3,374,282     3,374,282
Retained earnings:
              
Prior years’       37,919,186     32,398,436
For the period       7,197,700     6,543,365
Capital reserves 24     1,036,515     941,489
Stockholders’ equity attributable to owners
of the controlling company		       49,527,683     43,257,572
Non–controlling interest       2,027     1,417
Total stockholders’ equity       49,529,710     43,258,989
Total     $ 85,109,853   $ 73,023,060




The accompanying notes are an integral part of these consolidated financial statements.