Consolidated statements of comprehensive
income, expenses by function

For the years ended December 31, 2013 and 2012
(Thousands of pesos, unless earnings per share)

      December 31,
    Note   2013   2012
Operating revenue:            
Net sales of merchandise   2.23 $ 63,528,386 $ 57,017,252
Interest earned from customers   2.23   5,809,777   5,352,964
Leasing of investment property   2.23   2,579,680   2,115,854
Services   2.23   2,187,601   1,760,434
             
Total revenue       74,105,444   66,246,504
             
Costs and Expenses:            
Cost of sales   21   44,134,370   39,526,608
Administration expenses   21   19,397,781   16,756,502
             
Total costs and expenses       63,532,151   56,283,110
             
Other income - net   22   262,789   342,682
             
Operating income       10,836,082   10,306,076
             
Financing costs   18   (1,088,892)   (985,129)
Return on investments   7   181,983   200,660
Foreign exchange fluctuation - net       (38,236)   12,776
Equity in the results of associated companies   12   510,011   414,941
             
Pre-tax income       10,400,948   9,949,324
             
Taxes   23   2,698,115   2,750,744
             
Consolidated net income       7,702,833   7,198,580
Other items comprising comprehensive income:            
Valuation of financial instruments contracted for cash flow hedging   10   66,404   95,026
Other movements in equity       51,576   -
Remeasurements of employee benefits       67,247   (123,614)
             
Consolidated comprehensive income     $ 7,888,060 $ 7,169,992
             
Net income attributable to:            
Owners of holding company     $ 7,701,930 $ 7,197,700
Non-controlling interest       903   880
             
      $ 7,702,833 $ 7,198,580
             
Basic and diluted earnings per share   24 $ 5.73 $ 5.36
             
Comprehensive income attributable to:            
Owners of holding company     $ 7,887,738 $ 7,169,382
Non-controlling interest       322   610
             
      $ 7,888,060 $ 7,169,992
             
Basic and diluted earnings per share     $ 5.87 $ 5.34

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