December 31, 2014 and 2013
(Thousands of pesos)
| December 31, | ||||||
| Note | 2014 | 2013 | ||||
| Assets | ||||||
| Current assets: | ||||||
| ECash and cash equivalents | 7 | $ | 5,891,468 | $ | 1,618,060 | |
| Loan portfolio - net | 8 | 21,049,700 | 21,436,709 | |||
| Value added tax recoverable - net | 1,087,202 | 1,043,057 | ||||
| Income tax recoverable | 23 | - | 814,611 | |||
| Other accounts receivable - net | 9 | 730,511 | 597,059 | |||
| Inventories | 11 | 11,754,464 | 11,421,969 | |||
| Derivative financial instruments | 10 | - | 7,759 | |||
| Prepaid expenses | 2.28 | 960,909 | 617,387 | |||
| Total current assets | 41,474,254 | 37,556,611 | ||||
| Non - current assets: | ||||||
| Long - term loan portfolio - net | 8 | 7,645,307 | 6,744,558 | |||
| Other accounts receivable - net | 9 | 198,409 | 141,132 | |||
| Derivative financial instruments | 10 | 800,127 | 312,114 | |||
| Investments in associates | 12 | 5,027,798 | 4,616,854 | |||
| Intangible assets - net | 15 | 2,068,661 | 1,793,911 | |||
| Investment properties - net | 13 | 15,641,205 | 14,233,786 | |||
| Property, furniture and equipment - net | 14 | 30,390,283 | 29,054,263 | |||
| Employee benefits-net | 19 | 192,213 | 483,675 | |||
| Total | $ | 103,438,257 | $ | 94,936,904 | ||
| Liabilities and stockholders’ equity | ||||||
| Current liabilities: | ||||||
| Suppliers | $ | 12,949,987 | $ | 11,454,374 | ||
| Provisions | 16 | 1,905,755 | 1,282,636 | |||
| Deferred income | 2.23 | 1,624,620 | 1,541,032 | |||
| Creditors | 5,161,021 | 5,189,318 | ||||
| Bank borrowings | 17 | - | 2,011,128 | |||
| Senior notes | 18 | - | 4,000,000 | |||
| Income tax | 23 | 1,879,462 | - | |||
| Derivative financial instruments | 10 | - | 147,983 | |||
| Total current liabilities | 23,520,845 | 25,626,471 | ||||
| Long - term bank borrowings | 17 | 921,456 | 921,456 | |||
| Long - term Senior notes | 18 | 12,422,420 | 8,000,000 | |||
| Derivative financial instruments | 10 | 118,350 | 120,599 | |||
| Employee benefits-net | 19 | 441,616 | 355,459 | |||
| Deferred income tax | 23.2 | 3,347,149 | 5,085,587 | |||
| Total liabilities | 40,771,836 | 40,109,572 | ||||
| Stockholders’ equity: | ||||||
| Capital stock | 24 | 3,374,282 | 3,374,282 | |||
| Retained earnings: | ||||||
| Prior years’ | 50,258,797 | 42,645,852 | ||||
| For the period | 7,763,480 | 7,701,930 | ||||
| Capital reserves | 24 | 1,266,684 | 1,102,919 | |||
| Stockholders’ equity attributable to parent company | 62,663,243 | 54,824,983 | ||||
| Non-controlling interests | 3,178 | 2,349 | ||||
| Total stockholders’ equity | 62,666,421 | 54,827,332 | ||||
| Total | $ | 103,438,257 | $ | 94,936,904 | ||
The accompanying notes are an integral part of these consolidated financial statements.
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