Free Essay

Walmart Financial Analysis

In: Business and Management

Submitted By melicalo
Words 6726
Pages 27
Instituto Tecnológico y de Estudios Superiores de Monterrey
Campus Ciudad de México

Primer Avance, Proyecto Final:
Karen Itzel García Nava A0112492
Melissa Castilla López A00568287

Análisis de la Información Financiera (04)
Susana González
27 de marzo de 2014
1. Datos generales de las empresas:
I. Índice
II. Resumen ejecutivo
III. Desempeño del Sector IV. Descripción de la Compañía
V. Estrategia de la empresa
2. Análisis de reportes financieros anuales (20012, 2013), notas a los estados financieros, informes de los órganos de gobierno corporativo
Reporte anual 2011

Durante el 2011 las ventas de la empresa Walmart ascendieron a 329,690 millones de peso, esto representa un crecimiento del 11.5%, el flujo operativo fue de 34,514 millones de pesos como resultado de eficiencias operativas y logísticas. La empresa tuvo una generación de efectivo durante el año de 41,142 millones de pesos, la cual fue utilizada para el financiamiento de: * La inversión en activos fijos por 18,352 millones de pesos * El pago de dividendos por 9,659 millones de pesos * La recompra de acciones por 3,455 millones de pesos * El pago de impuestos por 8,878 millones de pesos

Reporte anual 2012

En el año de 2012, la empresa Walmart logró recaudar una gran cantidad de efectivo ya que se consiguió obtener un balance sin deudas y requerimientos de capital negativo. Durante este año, la recaudación de efectivo fue de 41,714 millones de pesos los cuales fueron utilizados para financiar: * La inversión en activo fijo de 14,660 millones de pesos * Los pagos de dividendos de 9,612 millones de pesos * La recompra de acciones de 1,088 millones de pesos
Se tuvo un gran crecimiento rentable de la empresa dentro de México; ya que el total de los ingresos ascendió a 361,789 millones de pesos lo cual representa un crecimiento del 10%, el flujo operativo (EBITDA) tuvo un crecimiento del 10.6% en comparación con el año anterior que fue del 10.4%.
De igual forma, tomando en cuenta el balance general del año 2012 se puede observar que los activos fijos de la compañía conforman el 65.5% mientras que los activos circulantes son solo el 34.4% del total de activos. Esto indica que Walmart… por otra parte, los pasivos a corto plazo de la empresa aumentaron con respecto al año anterior y actualmente representan el 75% de la deuda total, mientras que los pasivos a largo plazo disminuyeron y son del 25%, por lo tanto, a pesar de que la empresa cuenta con un menor porcentaje de activos fijos del total de activos, tiene el efectivo suficiente como para poder pagar sus deudas a corto plazo ya que abarcan un mayor porcentaje del total de la deuda y no tiene la necesidad de alargar sus plazos de pago.
3. Los estados financieros anuales al final del periodo contable de la empresa: Balance, Estado de Resultados y Flujo de efectivo por los periodos 2009, 2010, 2011, 2012 y 2013. Se recomienda consistencia en el uso de las fuentes como Bloombreg, Economática, Reuters u otras.
Walmart de México:
Balance general Consolidado | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | DIVERSOS | | | | | | Metodo Contable | NIF-MEX | NIF-MEX | NIF-MEX | IFRS | IFRS | | | | | | | ACTIVO | | | | | | Activo total | 133139154 | 194807568 | 225026386 | 222285707 | 230262133 | Activo Corriente | 48246421 | 61423246 | 77459717 | 78647353 | 82649072 | Efectivo e Invers CP | 19482716 | 24661050 | 25166386 | 28163229 | 21129491 | Inversiones financieras | 0 | 0 | 0 | 0 | 0 | Acts Dis p/Venta CP | 0 | 0 | 0 | 0 | 0 | Con fines de negociac CP | 0 | 0 | 0 | 0 | 0 | Actv Finan Mant Vcmt CP | 0 | 0 | 0 | 0 | 0 | Cuentas por cobrar CP | 2806469 | 3432818 | 5289959 | 6637690 | 8290731 | Clientes | 2806469 | 3432818 | 5289959 | 7101137 | 8856388 | Estimac p/ cuent incobr | 0 | 0 | 0 | -463447 | -565657 | Otr cuent por cobrar CP | 2734230 | 3444024 | 5824684 | 3738748 | 4487682 | Otras cuentas por cob CP | 2734230 | 3444024 | 5824684 | 3798144 | 4564616 | Provisiones deudores | 0 | 0 | 0 | -59396 | -76934 | Inventario | 22519684 | 29023076 | 40163158 | 39091595 | 43794897 | Activos Biologicos CP | - | 0 | 0 | 0 | 0 | Otros Activos CP | 703322 | 862278 | 1015530 | 1016091 | 4946271 | Gast pagados por antic | 703322 | 862278 | 1015530 | 889594 | 794956 | Instrum Financi Deriv CP | 0 | 0 | 0 | 0 | 0 | Act disponib p/ su venta | 0 | 0 | 0 | 0 | 3932746 | Operaciones Discontin CP | 0 | 0 | 0 | 0 | 0 | Derechos y licencias | 0 | 0 | 0 | 0 | 0 | Otros Activos | 0 | 0 | 0 | 126497 | 218569 | Activo no Corriente | 84892733 | 133384322 | 147566669 | 143638354 | 147613061 | Document por Cobrar LP | 0 | 0 | 0 | 0 | 0 | Inversiones | 0 | 0 | 0 | 0 | 0 | Inv en Empresas Relac | 0 | 0 | 0 | 0 | 0 | Activos Fin Mant a Venci | 0 | 0 | 0 | 0 | 0 | Activos Dispo p/Venta LP | 0 | 0 | 0 | 0 | 0 | Otras Inversiones | 0 | 0 | 0 | 0 | 0 | Prop, planta y equi neto | 84892733 | 102300004 | 116679663 | 117376902 | 121082727 | Construc y Obras Infrs | 82237485 | 97323217 | 112003085 | 122215747 | 127190104 | Maquinarias y Equipos | 0 | 0 | 0 | 0 | 0 | Otros Equipos | 33138425 | 40347303 | 45397892 | 47721232 | 49386199 | Amortiz y Deprec Acum | -32348770 | -37563244 | -44311322 | -55589481 | -58105514 | Construciones en Proc | 1865593 | 2192728 | 3590008 | 3029404 | 2611938 | Propiedades de inversion | 0 | 0 | 0 | 0 | 0 | Activos Biologicos LP | 0 | 0 | 0 | 0 | 0 | Intangibles neto | 0 | 31084318 | 30887006 | 25928040 | 25957186 | Creditos Comerciales CP | 0 | 29768097 | 29768097 | 24745086 | 24745086 | Marcas | 0 | 0 | 0 | 609428 | 620167 | Derechos y licencias | 0 | 0 | 0 | 415740 | 445893 | Acuerdos de concesion | 0 | 0 | 0 | 0 | 0 | Otros | 0 | 1316221 | 1118909 | 157786 | 146040 | Impuestos Diferidos | 0 | 0 | 0 | 0 | 0 | Otros ativos nocorriente | 0 | 0 | 0 | 333412 | 573148 | Pagos anticipados | 0 | 0 | 0 | 0 | 0 | Instr Finan Derivados LP | 0 | 0 | 0 | 0 | 0 | Beneficios a Empleados | 0 | 0 | 0 | 0 | 0 | Act ncurr dis p/venta LP | - | 0 | 0 | 0 | 0 | Operaciones Discont LP | 0 | 0 | 0 | 0 | 0 | Activos Diferidos | 0 | 0 | 0 | 0 | 0 | Otros Activos LP | 0 | 0 | 0 | 333412 | 573148 | | | | | | | PASIVO | | | | | | Pasivo total | 49991376 | 71947958 | 91747778 | 82449089 | 87311552 | Pasivo Corriente | 39912602 | 50725526 | 66594540 | 62163546 | 65721400 | Deudas Financieras CP | 0 | 259567 | 0 | 0 | 0 | Bonos y papeles comer CP | 0 | 0 | 0 | 0 | 0 | Otros Credit c/Costo CP | 261639 | 595523 | 525991 | 607704 | 850733 | Provedores CP | 30377580 | 37999509 | 50853686 | 44769655 | 47609438 | Impuestos por Pagar CP | 1728056 | 1454379 | 2080517 | 2424526 | 1596262 | Impue a la utilidad a pg | 0 | 0 | 0 | 1512341 | 627016 | Otros impuestos p/ pagar | 1728056 | 1454379 | 2080517 | 912185 | 969246 | Otros Pasivos CP | 7545327 | 10416548 | 13134346 | 14361661 | 15664967 | Interes por Pagar | 0 | 0 | 0 | 0 | 0 | Inst Finan Deri (PasCir) | 0 | 0 | 0 | 0 | 0 | Otr ingresos difer circ | 0 | 0 | 0 | 760778 | 785546 | Beneficios a Empleados | 15998 | 17552 | 19176 | 0 | 0 | Provisiones CP | 0 | 0 | 0 | 597918 | 606153 | Pas s/ act ncor a ven CP | - | 0 | 0 | 0 | 966227 | Operac Discontinu(PaCir) | 0 | 0 | 0 | 0 | 0 | Otros CP | 7529329 | 10398996 | 13115170 | 13002965 | 13307041 | Pasivo no corriente | 10078774 | 21222432 | 25153238 | 20285543 | 21590152 | Deudas Financieras LP | 0 | 0 | 0 | 0 | 0 | Bonos y papeles comer LP | 0 | 0 | 0 | 0 | 0 | Acredores Varios LP | 4451132 | 13532992 | 16387060 | 12638523 | 13246693 | Impuestos Diferidos LP | 5476165 | 6954799 | 7866066 | 6588903 | 6851658 | Otras obligaciones | 151477 | 734641 | 900112 | 1058117 | 1491801 | Pasiv p/Inst Finan Deriv | 0 | 0 | 0 | 0 | 0 | Otros ingresos diferidos | 0 | 0 | 0 | 0 | 0 | Beneficios Empleados LP | 151477 | 734641 | 900112 | 1058117 | 971577 | Provisiones LP | 0 | 0 | 0 | 0 | 0 | Pas s/ act ncor a ven LP | - | 0 | 0 | 0 | 0 | Operaciones Discontin LP | 0 | 0 | 0 | 0 | 0 | Otros LP | 0 | 0 | 0 | 0 | 520224 | Patrim neto consolidado | 83147778 | 122859610 | 133278608 | 139836618 | 142950581 | Int min(part no control) | 0 | 328557 | 316176 | 135716 | 20374 | Patrimonio neto | 83147778 | 122531053 | 132962432 | 139700902 | 142930207 | Capital social | 23427611 | 52161256 | 51923717 | 45959724 | 45777573 | Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | Sobreprecio Venta Acc | -1561225 | -1997571 | -1994420 | -2578108 | -2746221 | Aportac p Fut Aum Cap | 0 | 0 | 0 | 0 | 0 | Otro capital contribuido | 0 | 0 | 0 | 0 | 0 | Utilid reten (perd acum) | 61303872 | 71897150 | 81340955 | 96156505 | 99501056 | Reserva Legal | 4718199 | 4718199 | 5695720 | 5785575 | 6949333 | Otras Reservas | 0 | 0 | 0 | 0 | 0 | Result Ejerci Anteriores | 39779530 | 47628527 | 53391387 | 67095767 | 69834832 | Utilidad del Ejercicio | 16806143 | 19550424 | 22253848 | 23275163 | 22716891 | Otros | 0 | 0 | 0 | 0 | 0 | Exceso Actlzc Pat Neto | -22480 | 470218 | 1692180 | 162781 | 397799 | Res p Activ no Monet | 0 | 0 | 0 | 0 | 0 | Ga (pe) actua p/ obl lab | 0 | 0 | 0 | -270298 | -213291 | Efecto Acum p/Conversion | -22480 | 470218 | 1692180 | 433079 | 611090 | Camb val act fi dis p/ve | 0 | 0 | 0 | 0 | 0 | Efe Acum p/Val Inst Fina | 0 | 0 | 0 | 0 | 0 | Camb valor razon otr act | 0 | 0 | 0 | 0 | 0 | Met part asoc y neg conj | 0 | 0 | 0 | 0 | 0 | Result p/Impuest Diferid | 0 | 0 | 0 | 0 | 0 | Pasivo Moneda Extr CP | 1547184 | 7773339 | 10555026 | 10616997 | 10431599 | Pasivo Moneda Extr LP | 0 | 6992739 | 7248412 | 3158720 | 3062514 | | | | | | | Estado de Resultados | | | | | | Meses | 12 | 12 | 12 | 12 | 12 | | | | | | | Ingresos netos | 270451151 | 335857397 | 380906640 | 412060220 | 425161441 | Ingr por Servicios | 0 | 0 | 0 | 0 | 0 | Venta de bienes | 270451151 | 335857397 | 380906640 | 407843715 | 420577021 | Ingresos por Interes | 0 | 0 | 0 | 943158 | 1338474 | Regalias | 0 | 0 | 0 | 0 | 0 | Dividendos | 0 | 0 | 0 | 0 | 0 | Arrendamientos | 0 | 0 | 0 | 789967 | 839743 | Construccion | 0 | 0 | 0 | 0 | 0 | Otros Ingresos | 0 | 0 | 0 | 2483380 | 2406203 | Costo de Ventas | 211850788 | 261797921 | 297208119 | 321832560 | 331537855 | Resultado Bruto | 58600363 | 74059476 | 83698521 | 90227660 | 93623586 | Gastos operativos | 36331864 | 47015002 | 53619890 | 58541066 | 62101772 | Util(per) ant ot ing/gas | 22268499 | 27044474 | 30078631 | 31686594 | 31521814 | Otros ingresos (gastos) | 87793 | 125828 | -71491 | -264892 | 9833 | Result operativo EBIT | 22356292 | 27170302 | 30007140 | 31421702 | 31531647 | Ing (gastos) financ neto | 662090 | 459934 | 190961 | 400937 | -14642 | Tot ingresos financieros | 933805 | 1210188 | 1296869 | 1220890 | 1140925 | Ingresos Financieros | 933805 | 1148847 | 1296869 | 650373 | 539565 | Util por fluct cambiaria | 0 | 61341 | 0 | 9368 | 54595 | Utilidad por derivados | 0 | 0 | 0 | 0 | 0 | Variac val raz inst fina | 0 | 0 | 0 | 0 | 0 | Otros Productos Financie | 0 | 0 | 0 | 561149 | 546765 | Total gastos financieros | 271715 | 750254 | 1105908 | 819953 | 1155567 | Gastos Financieros | 0 | 11496 | 10571 | 0 | 0 | Perd por fluct cambiaria | 10633 | 0 | 2555 | 0 | 0 | Perdida por derivados | 0 | 0 | 0 | 0 | 0 | Amort de gast p/ emision | 0 | 0 | 0 | 0 | 0 | Va raz in fin(par no or) | 0 | -58603 | 0 | 0 | 0 | Otros gastos financieros | 261082 | 797361 | 1092782 | 819953 | 1155567 | Result Inver Permanent | 0 | 0 | 0 | 0 | 0 | Resultado antes impuest | 23018382 | 27630236 | 30198101 | 31822639 | 31517005 | Impuesto a las gananc | 6212239 | 8065759 | 7939614 | 9236797 | 9516938 | I.S.R. | 6252431 | 7722616 | 7158438 | 8736951 | 9165940 | I.S.R. Diferido | -40192 | 343143 | 781176 | 499846 | 350998 | Result despues de Imp | 16806143 | 19564477 | 22258487 | 22585842 | 22000067 | Operac descontinuadas | 0 | 0 | 0 | 682821 | 713153 | Utilidad Consolidada | 16806143 | 19564477 | 22258487 | 23268663 | 22713220 | Int min(part no control) | 0 | 14053 | 4639 | -6500 | -3671 | Ganancia/perdida neta | 16806143 | 19550424 | 22253848 | 23275163 | 22716891 | Depreciacion Operativa | 4646212 | 6249058 | 7336249 | 8063273 | 8689694 | | | | | | | Utilidad Consolidada | 16806143 | 19564477 | 22258487 | 23268663 | 22713220 | Total otr partid integr | 0 | 0 | 0 | -1476781 | 235018 | Res p activ no monet | 0 | 0 | 0 | 0 | 0 | Ga (pe) actua p/ obl lab | 0 | 0 | 0 | -217680 | 57007 | Efecto acum p/conversion | 0 | 0 | 0 | -1259101 | 178011 | Camb val act fi dis p/ve | 0 | 0 | 0 | 0 | 0 | Efe acum p/val inst fina | 0 | 0 | 0 | 0 | 0 | Camb valor razon otr act | 0 | 0 | 0 | 0 | 0 | Met part asoc y neg conj | 0 | 0 | 0 | 0 | 0 | Ot resultados integrales | 0 | 0 | 0 | 0 | 0 | Utilidad (perd) integral | 16806143 | 19564477 | 22258487 | 21791882 | 22948238 | Ut (pe) int no controlad | 0 | 0 | 0 | -6500 | -3671 | Ut (pe) integr controlad | 16806143 | 19564477 | 22258487 | 21798382 | 22951909 | | | | | | | (12 m) Ingesos netos | - | - | - | 412060220 | 425161441 | (12m) Ut (per) de operac | - | - | - | 31421702 | 31531647 | (12m) Part contr en u(p) | - | - | - | 23275163 | 22716891 | (12m) Ut(pe) neta consol | - | - | - | 23268663 | 22713220 | (12m) Dep y amort operat | - | - | - | 8063273 | 8689694 | | | | | | | Flujo De Caja | | | | | | Meses | 12 | 12 | 12 | 12 | 12 | | | | | | | Resultado Antes de Impue | 23018382 | 27630236 | 30198101 | 31822639 | 31517005 | Partidas s/Impac en Efec | 0 | 0 | 0 | 0 | 0 | Estimacion del Ejercicio | 0 | 0 | 0 | 0 | 0 | Provision el Ejercicio | 0 | 0 | 0 | 0 | 0 | Otras Partidas N/Realiza | 0 | 0 | 0 | 0 | 0 | Partidas Rela c/Act Inve | 5045550 | 6954694 | 8257276 | 8231733 | 8689830 | Depreciacion y amortiz | 4646212 | 6249058 | 7336249 | 8393098 | 8689694 | Util(Per)Vta Inmu Maq Eq | 193384 | 456736 | 624341 | 46928 | 187803 | Perdida por Deterioro | 0 | 0 | 0 | 121911 | 0 | Part Asocia Negoc Conjun | 0 | 0 | 0 | 0 | 0 | Dividendos Cobrados | 0 | 0 | 0 | 0 | 0 | Intereses a Favor | 0 | 0 | 0 | -673161 | -539565 | Fluctuac cambiaria (inv) | 0 | 0 | 0 | 0 | 0 | Otras partidas | 205954 | 248900 | 296686 | 342957 | 351898 | Part Rela Ativ Financiam | 261082 | 797361 | 1092782 | 1100441 | 1155567 | Intereses Devengados | 261082 | 797361 | 1092782 | 1100441 | 1155567 | Fluctuac cambiaria (fin) | 0 | 0 | 0 | 0 | 0 | Operac fin de derivados | 0 | 0 | 0 | 0 | 0 | Otras partidas | 0 | 0 | 0 | 0 | 0 | Flujo Deri Res Antes Imp | 28325014 | 35382291 | 39548159 | 41154813 | 41362402 | Flujos Gene/Util en Oper | -2007915 | -6516359 | -7016848 | -12489310 | -13470057 | Dec(inc) Cuentas p/ Cobr | -1778833 | -835453 | -4097365 | 1045546 | -2169222 | Dec(inc) inventarios | 288259 | -3400029 | -10520422 | -201926 | -4803437 | De/Inc en Otr Ctas x Cob | -171389 | -165954 | 37714 | 33870 | -273549 | Incr(decr) proveedores | 3372458 | 4042884 | 12100941 | -5532394 | 2887686 | Incr(decr) otros pasivos | 803320 | 1955366 | 2071085 | 846064 | 885631 | Impues Utilid Paga/Devue | -4521730 | -8113173 | -6608801 | -8680470 | -9997166 | Recurs Generd por la Op | 26317099 | 28865932 | 32531311 | 28665503 | 27892345 | Recurs Generd en Inver | -10108066 | -13570712 | -18479367 | -13328749 | -13519914 | Inver Acc c/Carat Perman | 0 | 117363 | -12891 | -189720 | -348371 | Dispo Accio c/Carac Perm | 0 | 0 | 0 | 975460 | 613705 | Compra de Bienes de Uso | -9734557 | -13129968 | -18352297 | -14659555 | -13987014 | Venta de activos fijos | 122392 | 127139 | 179356 | 514554 | 182212 | Inversiones temporales | 0 | 0 | 0 | 0 | 0 | Dispos de invers tempora | 0 | 0 | 0 | 0 | 0 | Invers en Activos Intang | 0 | 0 | 0 | 0 | 0 | Disposi Activos Intangib | 0 | 0 | 0 | 0 | 0 | Adquisicion de negocios | 0 | 0 | 0 | 0 | 0 | Disposicion de negocios | 0 | 0 | 0 | 0 | 0 | Dividendos Cobrados | 0 | 0 | 0 | 0 | 0 | Intereses Cobrados | 0 | 0 | 0 | 673161 | 539565 | Decr(Incr)Antic Pres Ter | 0 | 0 | 0 | 0 | 0 | Otras Partidas | -495901 | -685246 | -293535 | -642649 | -520011 | Recurs Generd por Finac | -8053635 | -10039632 | -14581995 | -11991932 | -20737483 | Financiamientos Bancario | 0 | 0 | 0 | 0 | 0 | Financiamient Bursatiles | 0 | 0 | 0 | 0 | 0 | Otros Financiamentos | 0 | 0 | 0 | 0 | 0 | Amort Financia Bancarios | 0 | -5615 | -260731 | 0 | 0 | Amort Financiam Bursatil | 0 | 0 | 0 | 0 | 0 | Amortiz Otr Financiament | -504860 | -818831 | -1207354 | -1292407 | -1352533 | Inc.Desc en Capit Social | 0 | 0 | 0 | 0 | 0 | Dividendos | -5039743 | -5743228 | -9659202 | -9611672 | -16056467 | Prima Venta de Acciones | 0 | 0 | 0 | 0 | 0 | Aporte p/Fut Aum Capital | 0 | 0 | 0 | 0 | 0 | Intereses Pagados | 0 | 0 | 0 | 0 | 0 | Recompra de Acciones | -2509032 | -3471958 | -3454708 | -1087853 | -3328483 | Otras Partidas | 0 | 0 | 0 | 0 | 0 | Incr neto en efec e inv | 8155398 | 5255588 | -530051 | 3344822 | -6365052 | Difere Cambi Efect Equiv | -22480 | -77254 | 1035387 | -347979 | -668686 | Efec Eq Efe Prin Periodo | 11349798 | 19482716 | 24661050 | 25166386 | 28163229 | Efect Equi Efe Fin Perio | 19482716 | 24661050 | 25166386 | 28163229 | 21129491 | | | | | | | CANTIDAD DE ACCIONES | | | | | | Total de acciones outst | 8434680 | 17882730 | 17747093 | 17721595 | 17627201 | | | | | | | DIVERSOS | | | | | | Fecha del Balance | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | Fecha da la Moneda | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | Fecha de divulgacion | 21/02/2011 | 20/02/2012 | 20/02/2012 | 18/02/2014 | 18/02/2014 | Fecha ult rectificacion | 01/11/2012 | 20/02/2014 | 20/02/2013 | 20/02/2014 | 19/02/2014 | Formato del balance | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Consolidado | Si | Si | Si | Si | Si |

Comercial Mexicana
Balance General Consolidado | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | DIVERSOS | | | | | | Metodo Contable | NIF-MEX | NIF-MEX | NIF-MEX | IFRS | IFRS | | | | | | | ACTIVO | | | | | | Activo total | 50337504 | 43447453 | 44072163 | 41709987 | 44497319 | Activo Corriente | 17030369 | 9802104 | 11064539 | 9686368 | 10337608 | Efectivo e Invers CP | 3384436 | 1707689 | 2786761 | 997937 | 3165823 | Inversiones financieras | 0 | 0 | 0 | 0 | 0 | Acts Dis p/Venta CP | 0 | 0 | 0 | 0 | 0 | Con fines de negociac CP | 0 | 0 | 0 | 0 | 0 | Actv Finan Mant Vcmt CP | 0 | 0 | 0 | 0 | 0 | Cuentas por cobrar CP | 428339 | 505009 | 372555 | 372749 | 337997 | Clientes | 428339 | 505009 | 372555 | 442360 | 397175 | Estimac p/ cuent incobr | 0 | 0 | 0 | -69611 | -59178 | Otr cuent por cobrar CP | 2064025 | 1782034 | 1967706 | 2711370 | 969857 | Otras cuentas por cob CP | 2064025 | 1782034 | 1967706 | 2724149 | 985026 | Provisiones deudores | 0 | 0 | 0 | -12779 | -15169 | Inventario | 6642733 | 5178120 | 5378665 | 5502409 | 5781504 | Activos Biologicos CP | - | - | 0 | 0 | 0 | Otros Activos CP | 4510836 | 629252 | 558852 | 101903 | 82427 | Gast pagados por antic | 0 | 0 | 0 | 101903 | 82427 | Instrum Financi Deriv CP | 0 | 0 | 0 | 0 | 0 | Act disponib p/ su venta | 4510836 | 629252 | 558852 | 0 | 0 | Operaciones Discontin CP | 0 | 0 | 0 | 0 | 0 | Derechos y licencias | 0 | 0 | 0 | 0 | 0 | Otros Activos | 0 | 0 | 0 | 0 | 0 | Activo no Corriente | 33305925 | 33645349 | 33007624 | 32023619 | 34159711 | Document por Cobrar LP | 0 | 0 | 0 | 0 | 0 | Inversiones | 0 | 5941116 | 6520296 | 0 | 0 | Inv en Empresas Relac | 0 | 5941116 | 6520296 | 0 | 0 | Activos Fin Mant a Venci | 0 | 0 | 0 | 0 | 0 | Activos Dispo p/Venta LP | 0 | 0 | 0 | 0 | 0 | Otras Inversiones | 0 | 0 | 0 | 0 | 0 | Prop, planta y equi neto | 31739853 | 26292968 | 25382737 | 27902222 | 28291265 | Construc y Obras Infrs | 32351274 | 28259497 | 28008174 | 30526550 | 31024890 | Maquinarias y Equipos | 0 | 0 | 0 | 0 | 0 | Otros Equipos | 10827712 | 9118025 | 9561018 | 10094693 | 10793981 | Amortiz y Deprec Acum | -11736949 | -11208880 | -12196217 | -13248375 | -14321516 | Construciones en Proc | 297816 | 124326 | 9762 | 529354 | 793910 | Propiedades de inversion | 0 | 0 | 0 | 2489380 | 2465582 | Activos Biologicos LP | 0 | 0 | 0 | 0 | 0 | Intangibles neto | 0 | 0 | 0 | 21039 | 8269 | Creditos Comerciales CP | 0 | 0 | 0 | 0 | 0 | Marcas | 0 | 0 | 0 | 0 | 0 | Derechos y licencias | 0 | 0 | 0 | 0 | 0 | Acuerdos de concesion | 0 | 0 | 0 | 0 | 0 | Otros | 0 | 0 | 0 | 21039 | 8269 | Impuestos Diferidos | 1353101 | 1026361 | 907752 | 1423835 | 3195881 | Otros ativos nocorriente | 212971 | 384904 | 196839 | 187143 | 198714 | Pagos anticipados | 0 | 0 | 0 | 127949 | 100795 | Instr Finan Derivados LP | 0 | 0 | 0 | 0 | 0 | Beneficios a Empleados | 22182 | 21575 | 14041 | 11224 | 11962 | Act ncurr dis p/venta LP | - | - | 0 | 0 | 0 | Operaciones Discont LP | 0 | 0 | 0 | 0 | 0 | Activos Diferidos | 0 | 0 | 0 | 0 | 0 | Otros Activos LP | 190789 | 363329 | 182798 | 47970 | 85957 | | | | | | | PASIVO | | | | | | Pasivo total | 36182252 | 28258565 | 28019292 | 15800953 | 15285095 | Pasivo Corriente | 36006104 | 8225191 | 10107004 | 9274848 | 9595798 | Deudas Financieras CP | 6172735 | 162898 | 1051569 | 498095 | 495864 | Bonos y papeles comer CP | 5724823 | 0 | 250000 | 252597 | 501612 | Otros Credit c/Costo CP | 0 | 0 | 0 | 0 | 0 | Provedores CP | 7180300 | 6045328 | 6952273 | 7049288 | 6957176 | Impuestos por Pagar CP | 113105 | 51444 | 104706 | 117390 | 584054 | Impue a la utilidad a pg | 0 | 0 | 0 | 11664 | 457760 | Otros impuestos p/ pagar | 113105 | 51444 | 104706 | 105726 | 126294 | Otros Pasivos CP | 16815141 | 1965521 | 1748456 | 1357478 | 1057092 | Interes por Pagar | 1662802 | 290364 | 425979 | 0 | 0 | Inst Finan Deri (PasCir) | 0 | 0 | 0 | 0 | 0 | Otr ingresos difer circ | 0 | 0 | 0 | 67535 | 172295 | Beneficios a Empleados | 0 | 0 | 0 | 0 | 0 | Provisiones CP | 881370 | 357401 | 390537 | 154275 | 183484 | Pas s/ act ncor a ven CP | - | - | 0 | 0 | 0 | Operac Discontinu(PaCir) | 0 | 0 | 0 | 0 | 0 | Otros CP | 14270969 | 1317756 | 931940 | 1135668 | 701313 | Pasivo no corriente | 176148 | 20033374 | 17912288 | 6526105 | 5689297 | Deudas Financieras LP | 0 | 13692060 | 11448530 | 1974213 | 1480674 | Bonos y papeles comer LP | 0 | 6173749 | 6281542 | 957244 | 457244 | Acredores Varios LP | 0 | 0 | 0 | 0 | 0 | Impuestos Diferidos LP | 0 | 0 | 0 | 3463280 | 3625887 | Otras obligaciones | 176148 | 167565 | 182216 | 131368 | 125492 | Pasiv p/Inst Finan Deriv | 0 | 0 | 0 | 0 | 0 | Otros ingresos diferidos | 0 | 0 | 0 | 0 | 0 | Beneficios Empleados LP | 176148 | 167565 | 182216 | 131368 | 125492 | Provisiones LP | 0 | 0 | 0 | 0 | 0 | Pas s/ act ncor a ven LP | - | - | 0 | 0 | 0 | Operaciones Discontin LP | 0 | 0 | 0 | 0 | 0 | Otros LP | 0 | 0 | 0 | 0 | 0 | Patrim neto consolidado | 14155252 | 15188888 | 16052871 | 25909034 | 29212224 | Int min(part no control) | 146867 | 152132 | 149181 | 152301 | 158087 | Patrimonio neto | 14008385 | 15036756 | 15903690 | 25756733 | 29054137 | Capital social | 8496551 | 8496551 | 8496551 | 4347744 | 4347744 | Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | Sobreprecio Venta Acc | 1153391 | 1153391 | 1153391 | 574467 | 574467 | Aportac p Fut Aum Cap | 0 | 0 | 0 | 0 | 0 | Otro capital contribuido | 1282293 | 1000000 | 1000000 | 0 | 0 | Utilid reten (perd acum) | 3076150 | 4386814 | 5253748 | 20834125 | 24121127 | Reserva Legal | 1188855 | 347520 | 347520 | 347520 | 347520 | Otras Reservas | 0 | 0 | 0 | 1000000 | 1000000 | Result Ejerci Anteriores | 1542691 | 3010923 | 4039294 | 12830044 | 19084160 | Utilidad del Ejercicio | 344604 | 1028371 | 866934 | 6656561 | 3689447 | Otros | 0 | 0 | 0 | 0 | 0 | Exceso Actlzc Pat Neto | 0 | 0 | 0 | 397 | 10799 | Res p Activ no Monet | 0 | 0 | 0 | 0 | 0 | Ga (pe) actua p/ obl lab | 0 | 0 | 0 | 397 | 10799 | Efecto Acum p/Conversion | 0 | 0 | 0 | 0 | 0 | Camb val act fi dis p/ve | 0 | 0 | 0 | 0 | 0 | Efe Acum p/Val Inst Fina | 0 | 0 | 0 | 0 | 0 | Camb valor razon otr act | 0 | 0 | 0 | 0 | 0 | Met part asoc y neg conj | 0 | 0 | 0 | 0 | 0 | Result p/Impuest Diferid | 0 | 0 | 0 | 0 | 0 | Pasivo Moneda Extr CP | 4734056 | 23528 | 134106 | 65794 | 24451 | Pasivo Moneda Extr LP | 0 | 2765075 | 3122868 | 0 | 0 | | | | | | | Estado De Resultados | | | | | | Meses | 12 | 12 | 12 | 12 | 12 | | | | | | | Ingresos netos | 54893276 | 41727613 | 43775577 | 45667425 | 47060549 | Ingr por Servicios | 0 | 0 | 0 | 57964 | 56837 | Venta de bienes | 54893276 | 41727613 | 43775577 | 44697791 | 46009122 | Ingresos por Interes | 0 | 0 | 0 | 0 | 0 | Regalias | 0 | 0 | 0 | 0 | 0 | Dividendos | 0 | 0 | 0 | 0 | 0 | Arrendamientos | 0 | 0 | 0 | 884514 | 968414 | Construccion | 0 | 0 | 0 | 0 | 0 | Otros Ingresos | 0 | 0 | 0 | 27156 | 26176 | Costo de Ventas | 43916222 | 32065417 | 33586361 | 34655483 | 35590095 | Resultado Bruto | 10977054 | 9662196 | 10189216 | 11011942 | 11470454 | Gastos operativos | 8175278 | 7288482 | 7663895 | 8301937 | 8488292 | Util(per) ant ot ing/gas | 2801776 | 2373714 | 2525321 | 2710005 | 2982162 | Otros ingresos (gastos) | -868364 | -734976 | -160439 | -72845 | -80872 | Result operativo EBIT | 1933412 | 1638738 | 2364882 | 2637160 | 2901290 | Ing (gastos) financ neto | -1351933 | -794890 | -1561625 | -818226 | -155976 | Tot ingresos financieros | 303143 | 218624 | 154474 | 238019 | 111584 | Ingresos Financieros | 68299 | 218624 | 90890 | 57381 | 81430 | Util por fluct cambiaria | 234844 | 0 | 0 | 180638 | 30154 | Utilidad por derivados | 0 | 0 | 0 | 0 | 0 | Variac val raz inst fina | 0 | 0 | 0 | 0 | 0 | Otros Productos Financie | 0 | 0 | 63584 | 0 | 0 | Total gastos financieros | 1655076 | 1013514 | 1716099 | 1056245 | 267560 | Gastos Financieros | 1655076 | 657133 | 1716099 | 1023528 | 249073 | Perd por fluct cambiaria | 0 | 0 | 0 | 32717 | 18487 | Perdida por derivados | 0 | 0 | 0 | 0 | 0 | Amort de gast p/ emision | 0 | 0 | 0 | 0 | 0 | Va raz in fin(par no or) | 0 | 0 | 0 | 0 | 0 | Otros gastos financieros | 0 | 356381 | 0 | 0 | 0 | Result Inver Permanent | 0 | 558687 | 579180 | 0 | 0 | Resultado antes impuest | 581479 | 1402535 | 1382437 | 1818934 | 2745314 | Impuesto a las gananc | 219967 | 422204 | 130310 | 554775 | -960832 | I.S.R. | 213977 | 6846 | 11701 | 11664 | 200779 | I.S.R. Diferido | 5990 | 415358 | 118609 | 543111 | -1161611 | Result despues de Imp | 361512 | 980331 | 1252127 | 1264159 | 3706146 | Operac descontinuadas | 0 | 0 | 0 | 5407548 | 0 | Utilidad Consolidada | 361512 | 980331 | 1252127 | 6671707 | 3706146 | Int min(part no control) | 16908 | 16012 | 16274 | 15146 | 16699 | Ganancia/perdida neta | 344604 | 964319 | 1235853 | 6656561 | 3689447 | Depreciacion Operativa | 1211496 | 1065211 | 1079126 | 1084325 | 1115564 | | | | | | | Utilidad Consolidada | 361512 | 980331 | 1252127 | 6671707 | 3706146 | Total otr partid integr | 0 | 0 | 0 | 0 | 10402 | Res p activ no monet | 0 | 0 | 0 | 0 | 0 | Ga (pe) actua p/ obl lab | 0 | 0 | 0 | 0 | 10402 | Efecto acum p/conversion | 0 | 0 | 0 | 0 | 0 | Camb val act fi dis p/ve | 0 | 0 | 0 | 0 | 0 | Efe acum p/val inst fina | 0 | 0 | 0 | 0 | 0 | Camb valor razon otr act | 0 | 0 | 0 | 0 | 0 | Met part asoc y neg conj | 0 | 0 | 0 | 0 | 0 | Ot resultados integrales | 0 | 0 | 0 | 0 | 0 | Utilidad (perd) integral | 361512 | 980331 | 1252127 | 6671707 | 3716548 | Ut (pe) int no controlad | 0 | 0 | 0 | 15146 | 16699 | Ut (pe) integr controlad | 361512 | 980331 | 1252127 | 6656561 | 3699849 | | | | | | | (12 m) Ingesos netos | - | - | - | 45667425 | 47060549 | (12m) Ut (per) de operac | - | - | - | 2637160 | 2901290 | (12m) Part contr en u(p) | - | - | - | 6656561 | 3689447 | (12m) Ut(pe) neta consol | - | - | - | 1264159 | 3706146 | (12m) Dep y amort operat | - | - | - | 1084325 | 1115564 | | | | | | | Flujo De Caja | | | | | | Meses | 12 | 12 | 12 | 12 | 12 | | | | | | | Resultado Antes de Impue | 581479 | 1466588 | 1013518 | 1818934 | 2745314 | Partidas s/Impac en Efec | -857349 | 0 | 0 | 0 | 0 | Estimacion del Ejercicio | 0 | 0 | 0 | 0 | 0 | Provision el Ejercicio | -857349 | 0 | 0 | 0 | 0 | Otras Partidas N/Realiza | 0 | 0 | 0 | 0 | 0 | Partidas Rela c/Act Inve | 1701094 | 617857 | 767904 | 1095328 | 1108874 | Depreciacion y amortiz | 1211496 | 1065211 | 1079126 | 1084325 | 1115564 | Util(Per)Vta Inmu Maq Eq | -46974 | -50284 | 207590 | 39372 | 35131 | Perdida por Deterioro | 0 | 36000 | -23772 | 7057 | 16163 | Part Asocia Negoc Conjun | 0 | -558687 | -579180 | 0 | 0 | Dividendos Cobrados | 0 | 0 | 0 | 0 | 0 | Intereses a Favor | -68298 | -234921 | -90890 | -57381 | -81430 | Fluctuac cambiaria (inv) | 0 | 0 | 0 | 0 | 0 | Otras partidas | 604870 | 360538 | 175030 | 21955 | 23446 | Part Rela Ativ Financiam | 1655076 | 673430 | 1716099 | 886303 | 237406 | Intereses Devengados | 1655076 | 673430 | 1716099 | 1023528 | 249073 | Fluctuac cambiaria (fin) | 0 | 0 | 0 | -137225 | -11667 | Operac fin de derivados | 0 | 0 | 0 | 0 | 0 | Otras partidas | 0 | 0 | 0 | 0 | 0 | Flujo Deri Res Antes Imp | 3080300 | 2757875 | 3497521 | 3800565 | 4091594 | Flujos Gene/Util en Oper | -753452 | -699201 | 408860 | -990552 | 936560 | Dec(inc) Cuentas p/ Cobr | 581853 | -168224 | -136642 | -93669 | 34752 | Dec(inc) inventarios | -386588 | -120198 | -200545 | -123743 | -279095 | De/Inc en Otr Ctas x Cob | 356596 | -390222 | 220906 | -753495 | -33817 | Incr(decr) proveedores | -855732 | 508524 | 906945 | 97015 | -92112 | Incr(decr) otros pasivos | -449581 | -529081 | -381804 | -116660 | 1306832 | Impues Utilid Paga/Devue | 0 | 0 | 0 | 0 | 0 | Recurs Generd por la Op | 2326848 | 2058674 | 3906381 | 2810013 | 5028154 | Recurs Generd en Inver | -426797 | 139746 | -140840 | 11873447 | -1475947 | Inver Acc c/Carat Perman | 0 | 0 | 0 | 0 | 0 | Dispo Accio c/Carac Perm | 0 | 0 | 0 | 10650000 | 0 | Compra de Bienes de Uso | -759723 | -298291 | -585503 | -1366108 | -1620051 | Venta de activos fijos | 264628 | 203116 | 353773 | 105466 | 62674 | Inversiones temporales | 0 | 0 | 0 | 0 | 0 | Dispos de invers tempora | 0 | 0 | 0 | 0 | 0 | Invers en Activos Intang | 0 | 0 | 0 | 0 | 0 | Disposi Activos Intangib | 0 | 0 | 0 | 0 | 0 | Adquisicion de negocios | 0 | 0 | 0 | 0 | 0 | Disposicion de negocios | 0 | 0 | 0 | 0 | 0 | Dividendos Cobrados | 0 | 0 | 0 | 2426708 | 0 | Intereses Cobrados | 68298 | 234921 | 90890 | 57381 | 81430 | Decr(Incr)Antic Pres Ter | 0 | 0 | 0 | 0 | 0 | Otras Partidas | 0 | 0 | 0 | 0 | 0 | Recurs Generd por Finac | -858102 | -2528755 | -2686469 | -16543135 | -1384321 | Financiamientos Bancario | 0 | 327000 | 0 | 3139750 | 750000 | Financiamient Bursatiles | 0 | 0 | 0 | 0 | 0 | Otros Financiamentos | 0 | 0 | 0 | 0 | 0 | Amort Financia Bancarios | -499616 | -2461942 | -1770355 | -17964247 | -1250000 | Amort Financiam Bursatil | 0 | 0 | 0 | -250000 | -250000 | Amortiz Otr Financiament | 0 | 0 | 0 | 0 | 0 | Inc.Desc en Capit Social | 0 | 0 | 0 | 0 | 0 | Dividendos | 0 | 0 | 0 | -130320 | -400630 | Prima Venta de Acciones | 0 | 0 | 0 | 0 | 0 | Aporte p/Fut Aum Capital | 0 | 0 | 0 | 0 | 0 | Intereses Pagados | -354179 | -383066 | -896889 | -1338318 | -233691 | Recompra de Acciones | 4004 | 0 | 0 | 0 | 0 | Otras Partidas | -8311 | -10747 | -19225 | 0 | 0 | Incr neto en efec e inv | 1041949 | -330335 | 1079072 | -1859675 | 2167886 | Difere Cambi Efect Equiv | 0 | 0 | 0 | 0 | 0 | Efec Eq Efe Prin Periodo | 2342487 | 2038024 | 1707689 | 2857612 | 997937 | Efect Equi Efe Fin Perio | 3384436 | 1707689 | 2786761 | 997937 | 3165823 | | | | | | | CANTIDAD DE ACCIONES | | | | | | Total de acciones outst | 4344000 | 4344000 | 4344000 | 4344000 | 4344000 | | | | | | | DIVERSOS | | | | | | Fecha del Balance | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | Fecha da la Moneda | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | Fecha de divulgacion | 04/05/2011 | 02/05/2012 | 02/05/2012 | 26/02/2014 | 26/02/2014 | Fecha ult rectificacion | 01/11/2012 | 01/11/2012 | 05/02/2013 | 28/02/2014 | 26/02/2014 | Formato del balance | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Consolidado | Si | Si | Si | Si | Si |

Chedraui:
Balance General Consolidado | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | DIVERSOS | | | | | | Metodo Contable | NIF-MEX | NIF-MEX | NIF-MEX | IFRS | IFRS | | | | | | | ACTIVO | | | | | | Activo total | 26494702 | 33964449 | 53568249 | 43389652 | 45567148 | Activo Corriente | 6751607 | 11368773 | 10391341 | 11190445 | 10653170 | Efectivo e Invers CP | 498409 | 2951412 | 999294 | 688846 | 442574 | Inversiones financieras | 0 | 0 | 0 | 0 | 0 | Acts Dis p/Venta CP | 0 | 0 | 0 | 0 | 0 | Con fines de negociac CP | 0 | 0 | 0 | 0 | 0 | Actv Finan Mant Vcmt CP | 0 | 0 | 0 | 0 | 0 | Cuentas por cobrar CP | 609605 | 696278 | 701296 | 612685 | 577358 | Clientes | 609605 | 696278 | 701296 | 617213 | 585945 | Estimac p/ cuent incobr | 0 | 0 | 0 | -4528 | -8587 | Otr cuent por cobrar CP | 1111051 | 1543721 | 1939119 | 2444228 | 2033255 | Otras cuentas por cob CP | 1111051 | 1543721 | 1939119 | 2444228 | 2033255 | Provisiones deudores | 0 | 0 | 0 | 0 | 0 | Inventario | 4532542 | 6177362 | 6751632 | 6653139 | 6743752 | Activos Biologicos CP | - | - | - | 0 | 0 | Otros Activos CP | 0 | 0 | 0 | 791547 | 856231 | Gast pagados por antic | 0 | 0 | 0 | 660307 | 709000 | Instrum Financi Deriv CP | 0 | 0 | 0 | 0 | 0 | Act disponib p/ su venta | 0 | 0 | 0 | 0 | 0 | Operaciones Discontin CP | 0 | 0 | 0 | 0 | 0 | Derechos y licencias | 0 | 0 | 0 | 131240 | 147231 | Otros Activos | 0 | 0 | 0 | 0 | 0 | Activo no Corriente | 19447015 | 22204091 | 43176908 | 32199207 | 34913978 | Document por Cobrar LP | 614675 | 100100 | 101525 | 0 | 0 | Inversiones | 31039 | 31828 | 27048 | 24289 | 22990 | Inv en Empresas Relac | 31039 | 31828 | 27048 | 24289 | 22990 | Activos Fin Mant a Venci | 0 | 0 | 0 | 0 | 0 | Activos Dispo p/Venta LP | 0 | 0 | 0 | 0 | 0 | Otras Inversiones | 0 | 0 | 0 | 0 | 0 | Prop, planta y equi neto | 18387662 | 20626611 | 41165248 | 25148628 | 26000455 | Construc y Obras Infrs | 19872596 | 21964244 | 24867077 | 23134064 | 24422914 | Maquinarias y Equipos | 0 | 0 | 0 | 0 | 0 | Otros Equipos | 5389823 | 5963080 | 7547090 | 9194880 | 9275167 | Amortiz y Deprec Acum | -7312399 | -7689986 | 8409067 | -7647329 | -8095821 | Construciones en Proc | 437642 | 389273 | 342014 | 467013 | 398195 | Propiedades de inversion | 0 | 0 | 0 | 5274314 | 5424586 | Activos Biologicos LP | 0 | 0 | 0 | 0 | 0 | Intangibles neto | 86288 | 625774 | 675494 | 1156734 | 996740 | Creditos Comerciales CP | 86288 | 625774 | 675494 | 934437 | 843815 | Marcas | 0 | 0 | 0 | 0 | 0 | Derechos y licencias | 0 | 0 | 0 | 0 | 0 | Acuerdos de concesion | 0 | 0 | 0 | 0 | 0 | Otros | 0 | 0 | 0 | 222297 | 152925 | Impuestos Diferidos | 0 | 0 | 0 | 0 | 1838763 | Otros ativos nocorriente | 327351 | 819778 | 1207593 | 595242 | 630444 | Pagos anticipados | 0 | 0 | 0 | 0 | 0 | Instr Finan Derivados LP | 0 | 0 | 0 | 0 | 0 | Beneficios a Empleados | 0 | 0 | 0 | 0 | 0 | Act ncurr dis p/venta LP | - | - | - | 0 | 0 | Operaciones Discont LP | 0 | 0 | 0 | 0 | 0 | Activos Diferidos | 0 | 0 | 0 | 0 | 0 | Otros Activos LP | 327351 | 819778 | 1207593 | 595242 | 630444 | | | | | | | PASIVO | | | | | | Pasivo total | 15685602 | 17946417 | 19893081 | 22921978 | 23917344 | Pasivo Corriente | 10225682 | 12156161 | 15162587 | 13906782 | 14594277 | Deudas Financieras CP | 336287 | 352701 | 2756292 | 1107490 | 639670 | Bonos y papeles comer CP | 0 | 0 | 0 | 0 | 0 | Otros Credit c/Costo CP | 0 | 0 | 0 | 212616 | 183267 | Provedores CP | 8228551 | 10223951 | 10344912 | 10522343 | 10779956 | Impuestos por Pagar CP | 80903 | 0 | 0 | 0 | 1105702 | Impue a la utilidad a pg | 80903 | 0 | 0 | 0 | 0 | Otros impuestos p/ pagar | 0 | 0 | 0 | 0 | 1105702 | Otros Pasivos CP | 1579941 | 1579509 | 2061383 | 2064333 | 1885682 | Interes por Pagar | 0 | 0 | 0 | 0 | 0 | Inst Finan Deri (PasCir) | 0 | 0 | 0 | 0 | 0 | Otr ingresos difer circ | 0 | 0 | 0 | 0 | 0 | Beneficios a Empleados | 0 | 0 | 0 | 0 | 0 | Provisiones CP | 0 | 0 | 0 | 0 | 0 | Pas s/ act ncor a ven CP | - | - | - | 0 | 0 | Operac Discontinu(PaCir) | 0 | 0 | 0 | 0 | 0 | Otros CP | 1579941 | 1579509 | 2061383 | 2064333 | 1885682 | Pasivo no corriente | 4320484 | 4823468 | 3894123 | 9015196 | 9323067 | Deudas Financieras LP | 3191461 | 3458763 | 2476892 | 4538759 | 3970685 | Bonos y papeles comer LP | 0 | 0 | 0 | 0 | 0 | Acredores Varios LP | 0 | 143433 | 199476 | 591452 | 467674 | Impuestos Diferidos LP | 936044 | 1013995 | 947626 | 2210016 | 0 | Otras obligaciones | 192979 | 207277 | 270129 | 1674969 | 4884708 | Pasiv p/Inst Finan Deriv | 0 | 0 | 0 | 362762 | 294812 | Otros ingresos diferidos | 0 | 0 | 0 | 959364 | 932049 | Beneficios Empleados LP | 192979 | 207277 | 270129 | 223348 | 221068 | Provisiones LP | 0 | 0 | 0 | 0 | 3317105 | Pas s/ act ncor a ven LP | - | - | - | 0 | 0 | Operaciones Discontin LP | 0 | 0 | 0 | 0 | 0 | Otros LP | 0 | 0 | 0 | 129495 | 119674 | Patrim neto consolidado | 10809100 | 16018032 | 17228624 | 20467674 | 21649804 | Int min(part no control) | 734065 | 146745 | 103822 | 185381 | 244769 | Patrimonio neto | 10075035 | 15871287 | 17124802 | 20282293 | 21405035 | Capital social | 196937 | 343402 | 343402 | 252120 | 252120 | Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | Sobreprecio Venta Acc | 0 | 4530514 | 4427196 | 4192017 | 4183295 | Aportac p Fut Aum Cap | 0 | 0 | 0 | 0 | 0 | Otro capital contribuido | 0 | 0 | 500000 | 0 | 0 | Utilid reten (perd acum) | 10086853 | 11290948 | 12092153 | 16059735 | 17134568 | Reserva Legal | 39387 | 39387 | 39387 | 36687 | 36687 | Otras Reservas | 0 | 0 | 0 | 500000 | 500000 | Result Ejerci Anteriores | 8698500 | 9823658 | 10535444 | 14021201 | 14952955 | Utilidad del Ejercicio | 1348966 | 1427903 | 1517322 | 1501847 | 1644926 | Otros | 0 | 0 | 0 | 0 | 0 | Exceso Actlzc Pat Neto | -208755 | -293577 | -237949 | -221579 | -164948 | Res p Activ no Monet | 0 | 0 | 0 | 0 | 0 | Ga (pe) actua p/ obl lab | 0 | 0 | 0 | 0 | 0 | Efecto Acum p/Conversion | 39721 | 16849 | 85429 | 45109 | 48482 | Camb val act fi dis p/ve | 0 | 0 | 0 | 0 | 0 | Efe Acum p/Val Inst Fina | -248476 | -310426 | -323378 | -266688 | -213430 | Camb valor razon otr act | 0 | 0 | 0 | 0 | 0 | Met part asoc y neg conj | 0 | 0 | 0 | 0 | 0 | Result p/Impuest Diferid | 0 | 0 | 0 | 0 | 0 | Pasivo Moneda Extr CP | 794393 | 1503037 | 1961741 | 1727459 | 1540783 | Pasivo Moneda Extr LP | 91461 | 658763 | 830000 | 1567248 | 1256429 | | | | | | | Estado De Resultados | | | | | | Meses | 12 | 12 | 12 | 12 | 12 | | | | | | | Ingresos netos | 47901279 | 50896972 | 57486798 | 63944327 | 66363769 | Ingr por Servicios | 0 | 0 | 0 | 851823 | 805629 | Venta de bienes | 47901279 | 50896972 | 57486798 | 62480377 | 64912087 | Ingresos por Interes | 0 | 0 | 0 | 0 | 0 | Regalias | 0 | 0 | 0 | 0 | 0 | Dividendos | 0 | 0 | 0 | 0 | 0 | Arrendamientos | 0 | 0 | 0 | 596590 | 620193 | Construccion | 0 | 0 | 0 | 15406 | 21260 | Otros Ingresos | 0 | 0 | 0 | 131 | 4600 | Costo de Ventas | 38379017 | 40940658 | 46163602 | 51358620 | 52962017 | Resultado Bruto | 9522262 | 9956314 | 11323196 | 12585707 | 13401752 | Gastos operativos | 7098608 | 7336163 | 8608586 | 9607865 | 10321781 | Util(per) ant ot ing/gas | 2423654 | 2620151 | 2714610 | 2977842 | 3079971 | Otros ingresos (gastos) | 74718 | -71120 | -26648 | -18683 | 26373 | Result operativo EBIT | 2498372 | 2549031 | 2687962 | 2959159 | 3106344 | Ing (gastos) financ neto | -767438 | -682263 | -748350 | -978336 | -916297 | Tot ingresos financieros | 111868 | 95523 | 99973 | 62249 | 70745 | Ingresos Financieros | 110828 | 86580 | 97697 | 22828 | 59268 | Util por fluct cambiaria | 1040 | 8943 | 2276 | 39421 | 11477 | Utilidad por derivados | 0 | 0 | 0 | 0 | 0 | Variac val raz inst fina | 0 | 0 | 0 | 0 | 0 | Otros Productos Financie | 0 | 0 | 0 | 0 | 0 | Total gastos financieros | 879306 | 777786 | 848323 | 1040585 | 987042 | Gastos Financieros | 676969 | 521593 | 540576 | 655734 | 614560 | Perd por fluct cambiaria | 0 | 0 | 0 | 0 | 0 | Perdida por derivados | 0 | 0 | 0 | 0 | 0 | Amort de gast p/ emision | 0 | 0 | 0 | 0 | 0 | Va raz in fin(par no or) | 0 | 0 | 0 | 0 | 0 | Otros gastos financieros | 202337 | 256193 | 307747 | 384851 | 372482 | Result Inver Permanent | 0 | 2886 | 3220 | 0 | 0 | Resultado antes impuest | 1730934 | 1869654 | 1942832 | 1980823 | 2190047 | Impuesto a las gananc | 337424 | 420760 | 427423 | 435780 | 481810 | I.S.R. | 292509 | 315211 | 493791 | 482061 | 178411 | I.S.R. Diferido | 44915 | 105549 | -66368 | -46281 | 303399 | Result despues de Imp | 1393510 | 1448894 | 1515409 | 1545043 | 1708237 | Operac descontinuadas | 0 | 0 | 0 | 0 | 0 | Utilidad Consolidada | 1393510 | 1448894 | 1515409 | 1545043 | 1708237 | Int min(part no control) | 44544 | 20991 | -1913 | 43196 | 63311 | Ganancia/perdida neta | 1348966 | 1427903 | 1517322 | 1501847 | 1644926 | Depreciacion Operativa | 686609 | 794771 | 994800 | 1293234 | 1329258 | | | | | | | Utilidad Consolidada | 1393510 | 1448894 | 1515409 | 1545043 | 1708237 | Total otr partid integr | 0 | 0 | 0 | -107128 | 94931 | Res p activ no monet | 0 | 0 | 0 | 0 | 0 | Ga (pe) actua p/ obl lab | 0 | 0 | 0 | -49773 | 38300 | Efecto acum p/conversion | 0 | 0 | 0 | -43551 | 3373 | Camb val act fi dis p/ve | 0 | 0 | 0 | 0 | 0 | Efe acum p/val inst fina | 0 | 0 | 0 | 56690 | 53258 | Camb valor razon otr act | 0 | 0 | 0 | 0 | 0 | Met part asoc y neg conj | 0 | 0 | 0 | -70494 | 0 | Ot resultados integrales | 0 | 0 | 0 | 0 | 0 | Utilidad (perd) integral | 1393510 | 1448894 | 1515409 | 1437915 | 1803168 | Ut (pe) int no controlad | 0 | 0 | 0 | 43196 | 63311 | Ut (pe) integr controlad | 1393510 | 1448894 | 1515409 | 1394719 | 1739857 | | | | | | | (12 m) Ingesos netos | - | - | - | 63944327 | 66363769 | (12m) Ut (per) de operac | - | - | - | 2959159 | 3106344 | (12m) Part contr en u(p) | - | - | - | 1501847 | 1644926 | (12m) Ut(pe) neta consol | - | - | - | 1545043 | 1708237 | (12m) Dep y amort operat | - | - | - | 1293234 | 1329258 | | | | | | | Flujo De Caja | | | | | | Meses | 12 | 12 | 12 | 12 | 12 | | | | | | | Resultado Antes de Impue | 1730934 | 1869654 | 1942830 | 1980823 | 2190047 | Partidas s/Impac en Efec | -298255 | -217956 | 17809 | 34048 | 0 | Estimacion del Ejercicio | 0 | 0 | 0 | 34048 | 0 | Provision el Ejercicio | 25863 | 14298 | 62852 | 0 | 0 | Otras Partidas N/Realiza | -324118 | -232254 | -45043 | 0 | 0 | Partidas Rela c/Act Inve | 582653 | 797329 | 911537 | 1265986 | 1130808 | Depreciacion y amortiz | 686609 | 794770 | 994800 | 1291288 | 1332073 | Util(Per)Vta Inmu Maq Eq | -23052 | 89927 | 9655 | 17177 | -63354 | Perdida por Deterioro | 0 | 0 | 0 | 0 | 0 | Part Asocia Negoc Conjun | 29924 | -788 | 4779 | 2760 | 0 | Dividendos Cobrados | 0 | 0 | 0 | 0 | 0 | Intereses a Favor | -110828 | -86580 | -97697 | -45239 | -59268 | Fluctuac cambiaria (inv) | 0 | 0 | 0 | 0 | 0 | Otras partidas | 0 | 0 | 0 | 0 | -78643 | Part Rela Ativ Financiam | 1125497 | 521593 | 540576 | 655734 | 614560 | Intereses Devengados | 879306 | 521593 | 540576 | 655734 | 614560 | Fluctuac cambiaria (fin) | 0 | 0 | 0 | 0 | 0 | Operac fin de derivados | 0 | 0 | 0 | 0 | 0 | Otras partidas | 0 | 0 | 0 | 0 | 0 | Flujo Deri Res Antes Imp | 3140829 | 2970620 | 3412752 | 3936591 | 3935415 | Flujos Gene/Util en Oper | -963030 | -102090 | -723605 | -280711 | 322273 | Dec(inc) Cuentas p/ Cobr | -178173 | -107624 | 101355 | -392280 | -403668 | Dec(inc) inventarios | -478129 | -1796156 | -574269 | -278450 | -90616 | De/Inc en Otr Ctas x Cob | -395533 | 66824 | -501785 | -24203 | 849967 | Incr(decr) proveedores | 387500 | 1995399 | 120961 | 559998 | 256392 | Incr(decr) otros pasivos | -298695 | -260533 | 130133 | -145776 | -289802 | Impues Utilid Paga/Devue | 0 | 0 | 0 | 0 | 0 | Recurs Generd por la Op | 2177799 | 2868530 | 2689147 | 3655880 | 4257688 | Recurs Generd en Inver | -1137947 | -4616417 | -5085818 | -3539179 | -2150138 | Inver Acc c/Carat Perman | 0 | 0 | 0 | 0 | 0 | Dispo Accio c/Carac Perm | 0 | 0 | 0 | 0 | 0 | Compra de Bienes de Uso | -1488937 | -3225368 | -4764770 | -3345680 | -2208281 | Venta de activos fijos | 496441 | 123470 | 225558 | 29398 | 114242 | Inversiones temporales | 0 | - | 0 | 0 | 0 | Dispos de invers tempora | 0 | - | 0 | 0 | 0 | Invers en Activos Intang | -234035 | -992787 | -603286 | -228403 | -116666 | Disposi Activos Intangib | 0 | 0 | 0 | 0 | 0 | Adquisicion de negocios | 0 | - | 0 | -39733 | 0 | Disposicion de negocios | 0 | - | 0 | 0 | 0 | Dividendos Cobrados | 88584 | 0 | 0 | 0 | 1299 | Intereses Cobrados | 0 | 86580 | 97697 | 45239 | 59268 | Decr(Incr)Antic Pres Ter | 0 | 0 | 0 | 0 | 0 | Otras Partidas | 0 | - | -41017 | 0 | 0 | Recurs Generd por Finac | -1702649 | 4223761 | 375972 | -257274 | -2357196 | Financiamientos Bancario | -825748 | 283715 | 1421720 | 413065 | -1035894 | Financiamient Bursatiles | 0 | 0 | 0 | 0 | 0 | Otros Financiamentos | 1773 | 8470 | -185743 | 30542 | -173811 | Amort Financia Bancarios | 0 | 0 | 0 | 0 | 0 | Amort Financiam Bursatil | 0 | 0 | 0 | 0 | 0 | Amortiz Otr Financiament | 0 | 0 | 0 | -146718 | 0 | Inc.Desc en Capit Social | 0 | 4676978 | -103317 | -284960 | 0 | Dividendos | 0 | -223809 | -216112 | -216116 | -471551 | Prima Venta de Acciones | 0 | 0 | 0 | 0 | 0 | Aporte p/Fut Aum Capital | 0 | 0 | 0 | 0 | 0 | Intereses Pagados | -878674 | -521593 | -540576 | -655734 | -601389 | Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | Otras Partidas | 0 | 0 | 0 | 602647 | -74551 | Incr neto en efec e inv | -662797 | 2475874 | -2020699 | -140573 | -249646 | Difere Cambi Efect Equiv | -52755 | -22871 | 68581 | -43552 | 3374 | Efec Eq Efe Prin Periodo | 1213961 | 498409 | 2951412 | 872971 | 688846 | Efect Equi Efe Fin Perio | 498409 | 2951412 | 999294 | 688846 | 442574 | | | | | | | CANTIDAD DE ACCIONES | | | | | | Total de acciones outst | 963917 | 963917 | 963917 | 963917 | 963917 | | | | | | | DIVERSOS | | | | | | Fecha del Balance | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | Fecha da la Moneda | 31/12/2009 | 31/12/2010 | 31/12/2011 | 31/12/2012 | 31/12/2013 | Fecha de divulgacion | 24/02/2011 | 27/02/2012 | 27/02/2012 | 10/07/2013 | 14/03/2014 | Fecha ult rectificacion | 08/11/2012 | 19/10/2012 | 05/11/2012 | 21/02/2014 | 14/03/2014 | Formato del balance | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Ind2 Mexico | Consolidado | Si | Si | Si | Si | Si |

4. Recolección de las noticias más importantes de cada una de las empresas del 2009 a la fecha.
5. Análisis FODA para las empresas.

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