Consolidated statements of
financial position


(Notes 1, 2 and 3)
Thousands of pesos

      December 31,
  Note   2018   2017
Assets          
CURRENT ASSETS:
          
Cash and cash equivalents 7 $ 13,535,499 $ 16,635,078
Loan portfolio - Net 8   26,756,472   25,770,575
Value added tax recoverable     1,875,844   2,305,640
Income tax recoverable     359,808   -
Other accounts receivable - Net 9   1,993,437   2,183,187
Derivative financial instruments 10   19,917   56,593
Inventory     20,673,219   18,486,423
Prepaid expenses     1,544,752   1,913,794
Total current assets     66,758,948   67,351,290
           
NON - CURRENT ASSETS:
          
Loan portfolio - Net 8   9,401,953   9,288,273
Other accounts receivable - Net 9   276,126   264,681
Derivative financial instruments 10   3,646,550   3,495,929
Investments in associates 11   8,510,207   7,414,960
Investment properties - Net 12   20,668,308   18,922,292
Property, furniture and equipment - Net 13   47,115,104   43,855,877
Intangible assets - Net 14   16,484,378   16,274,581
Deferred income tax 21.2   1,761,199   1,398,238
Total assets   $ 174,622,773 $ 168,266,121
           
Liabilities          
CURRENT LIABILITIES:
          
Suppliers   $ 23,694,308 $ 22,535,802
Creditors     9,849,527   9,652,309
Provisions 15   2,323,693   2,074,419
Short – term debt 16   -   2,858,956
Deferred income 8   2,109,582   2,060,342
Derivative financial instruments 10   -   20,486
Income tax payable     -   131,435
Total current liabilities     37,977,110   39,333,749
           
Long – term debt 16   30,533,760   33,358,545
Employee benefits-Net 17   1,652,186   1,494,031
Deferred income tax 21.2   3,759,427   3,997,418
Total liabilities     73,922,483   78,183,743
           
Stockholders’ equity          
           
Capital stock 20   3,374,282   3,374,282
Retained earnings     93,053,796   82,878,922
Capital reserves 20.2   4,041,759   3,604,887
           
Stockholders’ equity attributable to parent company     100,469,737   89,858,091
Non-controlling interests     230,453   224,287
Total stockholders’ equity     100,700,290   90,082,378
Total   $ 174,622,773 $ 168,266,121


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