statements of changes in stockholders’ equity

Consolidated

(Notes 1, 2, 3 and 23)
For the years ended December 31, 2015 and 2014
Amounts expressed in thousands of pesos, unless dividends paid

	Capital stock		Retained earnings		Capital reserves		Total stockholders’ equity attributable to the owners of the controlling Co.		Non controlling equity		Total stockholders’ equity

Balance at January1, 2014	$	3,374,282	$	50,347,782	$	1,102,919	$	54,824,983	$	2,349	$	54,827,332

Comprehensive income:
Net income		-		7,763,480		-		7,763,480		880		7,764,360
Actuarial loss on post-employment benefitsNet of income tax		-		(109,396)		-		(109,396)		(51)		(109,447)
Other comprehensive income items		-		20,411		-		20,411		-		20,411

Cash Flow hedgesNet of income tax		-		-		163,765		163,765		-		163,765

Total comprehensive income		-		7,674,495		163,765		7,838,260		829		7,839,089

Balance at December 31, 2014		3,374,282		58,022,277		1,266,684		62,663,243		3,178		62,666,421

Comprehensive income:
Net income				9,210,729				9,210,729		2,170		9,212,899
Actuarial loss on post-employment benefitsNet of income tax		-		93,460		-		93,460		(92)		93,368
Other comprehensive income items		-		6,580)		-		(6,580)				(6,580)
Cash Flow hedges, Net of income tax		-				(19,482)		(19,482)		-		(19,482)

Total comprehensive income		-		9,297,609		(19,482)		9,278,127		2,078		9,280,205

Transaction with owners:
Dividends paid at $0.82 pesos per share		-		(1,087,179)		-		(1,087,179)		-		(1,087,179)

Total transactions with stockholders		-		(1,087,179)		-		(1,087,179)		-		(1,087,179)

Balance at December 31, 2015	$	3,374,282	$	58,022,277	$	1,247,202	$	70,854,191	$	5,256	$	70,859,447

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