FORM 6-K
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of February 2010
Commission File Number: 333-13580
|
TELÉFONOS DE MÉXICO, S.A.B. DE C.V. (Exact Name of the Registrant as Specified in the Charter) |
|
Telephones of Mexico (Translation of Registrant's Name into English) |
|
Parque Vía 190 Colonia Cuauhtémoc México City 06599, México, D.F. (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F....Ö .....Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No...Ö ..
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
I N D E X
FS-01 CONSOLIDATED BALANCE SHEETS, AT DECEMBER 31, 2009 & 2008
FS-02 CONSOLIDATED BALANCE SHEETS - BREAKDOWN OF MAIN CONCEPTS -
FS-03 CONSOLIDATED BALANCE SHEETS - OTHER CONCEPTS -
FS-04 CONSOLIDATED STATEMENTS OF INCOME FROM JANUARY 01 TO DECEMBER 31, 2009 & 2008
FS-05 CONSOLIDATED STATEMENTS OF INCOME - BREAKDOWN OF MAIN CONCEPTS -
FS-06 CONSOLIDATED STATEMENTS OF INCOME - OTHER CONCEPTS -
FS-07 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME FROM OCTOBER 01 TO DECEMBER 31, 2009 & 2008
FS-08 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME - BREAKDOWN OF MAIN CONCEPTS -
FS-09 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME - OTHER CONCEPTS -
FS-12 DATA PER SHARE - CONSOLIDATED INFORMATION
FS-13 RATIOS - CONSOLIDATED INFORMATION
FS-14 STATE OF CASH FLOW (INDIRECT METHOD)
FS-15 STATE OF CASH FLOW (INDERECT METHOD) - BREAKDOWN OF MAIN CONCEPTS
ANNEX 1.- CHIEF EXECUTIVE OFFICER REPORT
ANNEX 2.- NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
ANNEX 3a.- SHARE INVESTMENTS -SUBSIDIARIES-
ANNEX 3b.- SHARE INVESTMENTS -AFFILATES-
ANNEX 6.- FOREING EXCHANGE MONETARY POSITION
ANNEX 7.- CALCULATION AND RESULT FROM MONETARY POSITION
ANNEX 9.- PLANTS, - COMMERCIAL, DISTRIBUTION AND/OR SERVICE CENTERS-
ANNEX 11a.- SALES DISTRIBUTION PRODUCT - SALES -
ANNEX 11b.- SALES DISTRIBUTION PRODUCT - FOREIGN SALES -
ANALYSIS OF PAID CAPITAL STOCK
ANNEX 13.- PROJECT INFORMATION
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-01
CONSOLIDATED BALANCE SHEETS
AT DECEMBER 31, 2009 & 2008
(Thousands of Mexican Pesos)
Final printing
---
|
REF S |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
s01 |
TOTAL ASSETS |
178,355,377 |
100 |
187,125,347 |
100 |
|
|
|
|
|
|
|
|
s02 |
CURRENT ASSETS |
51,836,373 |
29 |
52,118,223 |
28 |
|
s03 |
CASH AND SHORT-TERM INVESTMENTS |
14,379,768 |
8 |
6,136,563 |
3 |
|
s04 |
ACCOUNTS AND NOTES RECEIVABLE (NET) |
16,300,592 |
9 |
15,950,441 |
9 |
|
s05 |
OTHER ACCOUNTS AND NOTES RECEIVABLE (NET) |
4,812,731 |
3 |
4,858,322 |
3 |
|
s06 |
INVENTORIES |
1,543,648 |
1 |
1,914,306 |
1 |
|
s07 |
OTHER CURRENT ASSETS |
14,799,634 |
8 |
23,258,591 |
12 |
|
s08 |
LONG - TERM |
1,775,380 |
1 |
1,494,133 |
1 |
|
s09 |
ACCOUNTS AND NOTES RECEIVABLE (NET) |
0 |
0 |
0 |
0 |
|
s10 |
INVESTMENT IN SHARES OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES |
1,650,890 |
1 |
1,369,467 |
1 |
|
s11 |
OTHER INVESTMENTS |
124,490 |
0 |
124,666 |
0 |
|
s12 |
PROPERTY, PLANT AND EQUIPMENT (NET) |
104,304,749 |
58 |
112,865,377 |
60 |
|
s13 |
LAND AND BUILDINGS |
0 |
0 |
0 |
0 |
|
s14 |
MACHINERY AND INDUSTRIAL EQUIPMENT |
402,629,778 |
226 |
398,629,711 |
213 |
|
s15 |
OTHER EQUIPMENT |
0 |
0 |
0 |
0 |
|
s16 |
ACCUMULATED DEPRECIATION |
298,734,103 |
167 |
286,221,263 |
153 |
|
s17 |
CONSTRUCTIONS IN PROGRESS |
409,074 |
0 |
456,929 |
0 |
|
s18 |
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) |
2,360,671 |
1 |
2,493,802 |
1 |
|
s19 |
OTHER ASSETS |
18,078,204 |
10 |
18,153,812 |
10 |
|
|
|
|
|
|
|
|
s20 |
TOTAL LIABILITIES |
140,034,604 |
100 |
147,754,248 |
100 |
|
|
|
|
|
|
|
|
s21 |
CURRENT LIABILITIES |
37,288,883 |
27 |
41,364,856 |
28 |
|
s22 |
SUPPLIERS |
0 |
0 |
0 |
0 |
|
s23 |
BANK LOANS |
7,363,129 |
5 |
19,983,092 |
14 |
|
s24 |
STOCK MARKET LOANS |
12,405,765 |
9 |
2,900,000 |
2 |
|
s103 |
OTHER LOANS WITH COST |
0 |
0 |
0 |
0 |
|
s25 |
TAXES PAYABLE |
2,211,626 |
2 |
783,543 |
1 |
|
s26 |
OTHER CURRENT LIABILITIES |
15,308,363 |
11 |
17,698,221 |
12 |
|
s27 |
LONG - TERM LIABILITIES |
83,105,454 |
59 |
84,172,355 |
57 |
|
s28 |
BANK LOANS |
35,750,038 |
26 |
44,101,991 |
30 |
|
s29 |
STOCK MARKET LOANS |
47,355,416 |
34 |
40,070,364 |
27 |
|
s30 |
OTHER LOANS WITH COST |
0 |
0 |
0 |
0 |
|
s31 |
DEFERRED LIABILITIES |
466,696 |
0 |
411,106 |
0 |
|
s32 |
OTHER NON CURRENT LIABILITIES |
19,173,571 |
14 |
21,805,931 |
15 |
|
|
|
|
|
|
|
|
s33 |
CONSOLIDATED STOCKHOLDERS' EQUITY |
38,320,773 |
100 |
39,371,099 |
100 |
|
|
|
|
|
|
|
|
s34 |
NON-CONTROLLING INTEREST |
41,480 |
0 |
41,186 |
0 |
|
s35 |
CONTROLLING INTEREST |
38,279,293 |
100 |
39,329,913 |
100 |
|
s36 |
CONTRIBUTED CAPITAL |
9,020,300 |
24 |
9,138,632 |
23 |
|
s79 |
CAPITAL STOCK (NOMINAL) |
9,020,300 |
24 |
9,138,632 |
23 |
|
s39 |
PREMIUM ON SALES OF SHARES |
0 |
0 |
0 |
0 |
|
s40 |
CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES |
0 |
0 |
0 |
0 |
|
s41 |
CAPITAL INCREASE (DECREASE) |
29,258,993 |
76 |
30,191,281 |
77 |
|
s42 |
RETAINED EARNINGS AND CAPITAL RESERVE |
28,375,768 |
74 |
27,374,656 |
70 |
|
s44 |
OTHER ACCUMULATED COMPREHENSIVE RESULT |
883,225 |
2 |
2,816,625 |
7 |
|
s80 |
SHARES REPURCHASED |
0 |
0 |
0 |
0 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-02
CONSOLIDATED BALANCE SHEETS
- BREAKDOWN OF MAIN CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF S |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
s03 |
CASH AND AVAILABLE INVESTMENTS |
14,379,768 |
100 |
6,136,563 |
100 |
|
s46 |
CASH |
1,010,973 |
7 |
1,001,967 |
16 |
|
s47 |
AVAILABLE INVESTMENTS |
13,368,795 |
93 |
5,134,596 |
84 |
|
|
|
|
|
|
|
|
s07 |
OTHER CURRENT ASSETS |
14,799,634 |
100 |
23,258,591 |
100 |
|
s81 |
DERIVATIVE FINANCIAL INSTRUMENTS |
11,496,359 |
78 |
20,418,889 |
88 |
|
s82 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
|
s83 |
OTHER |
3,303,275 |
22 |
2,839,702 |
12 |
|
|
|
|
|
|
|
|
s18 |
OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET) |
2,360,671 |
100 |
2,493,802 |
100 |
|
s48 |
AMORTIZED OR REDEEMED EXPENSES |
1,442,330 |
61 |
1,468,775 |
59 |
|
s49 |
GOODWILL |
0 |
0 |
0 |
0 |
|
s51 |
OTHERS |
918,341 |
39 |
1,025,027 |
41 |
|
|
|
|
|
|
|
|
s19 |
OTHER ASSETS |
18,078,204 |
100 |
18,153,812 |
100 |
|
s85 |
DERIVATIVE FINANCIAL INSTRUMENTS |
0 |
0 |
0 |
0 |
|
s50 |
DEFERRED TAXES |
0 |
0 |
0 |
0 |
|
s104 |
BENEFITS FOR EMPLOYEES |
16,430,857 |
91 |
15,485,402 |
85 |
|
s86 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
|
s87 |
OTHER |
1,647,347 |
9 |
2,668,410 |
15 |
|
|
|
|
|
|
|
|
s21 |
CURRENT LIABILITIES |
37,288,883 |
100 |
41,364,856 |
100 |
|
s52 |
FOREIGN CURRENCY LIABILITIES |
18,294,695 |
49 |
22,699,010 |
55 |
|
s53 |
MEXICAN PESOS LIABILITIES |
18,994,188 |
51 |
18,665,846 |
45 |
|
|
|
|
|
|
|
|
s26 |
OTHER CURRENT LIABITIES |
15,308,363 |
100 |
17,698,221 |
100 |
|
s88 |
DERIVATIVE FINANCIAL INSTRUMENTS |
119,719 |
1 |
0 |
0 |
|
s89 |
INTEREST LIABILITIES |
936,550 |
6 |
1,187,525 |
7 |
|
s68 |
PROVISIONS |
0 |
0 |
0 |
0 |
|
s90 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
|
s58 |
OTHER CURRENT LIABILITIES |
8,932,547 |
58 |
10,899,412 |
62 |
|
s105 |
BENEFITS FOR EMPLOYEES |
5,319,547 |
35 |
5,611,284 |
32 |
|
|
|
|
|
|
|
|
s27 |
LONG-TERM LIABILITIES |
83,105,454 |
100 |
84,172,355 |
100 |
|
s59 |
FOREIGN CURRENCY LIABILITIES |
52,705,454 |
63 |
64,972,355 |
77 |
|
s60 |
MEXICAN PESOS LIABILITIES |
30,400,000 |
37 |
19,200,000 |
23 |
|
|
|
|
|
|
|
|
s31 |
DEFERRED LIABILITIES |
466,696 |
100 |
411,106 |
100 |
|
s65 |
GOODWILL |
0 |
0 |
0 |
0 |
|
s67 |
OTHERS |
466,696 |
100 |
411,106 |
100 |
|
|
|
|
|
|
|
|
s32 |
OTHER NON CURRENT LIABILITIES |
19,173,571 |
100 |
21,805,931 |
100 |
|
s66 |
DEFERRED TAXES |
15,060,058 |
79 |
16,808,391 |
77 |
|
s91 |
OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE |
4,113,513 |
21 |
4,997,540 |
23 |
|
s92 |
DISCONTINUED OPERATIONS |
0 |
0 |
0 |
0 |
|
s69 |
OTHER LIABILITIES |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
s79 |
CAPITAL STOCK |
9,020,300 |
100 |
9,138,632 |
100 |
|
s37 |
CAPITAL STOCK (NOMINAL) |
78,545 |
1 |
80,113 |
1 |
|
s38 |
RESTATEMENT OF CAPITAL STOCK |
8,941,755 |
99 |
9,058,519 |
99 |
|
|
|
|
|
|
|
|
s42 |
RETAINED EARNINGS AND CAPITAL RESERVES |
28,375,768 |
100 |
27,374,656 |
100 |
|
s93 |
LEGAL RESERVE |
1,880,513 |
7 |
1,880,513 |
7 |
|
s43 |
RESERVE FOR REPURCHASE OF SHARES |
0 |
0 |
0 |
0 |
|
s94 |
OTHER RESERVES |
0 |
0 |
0 |
0 |
|
s95 |
RETAINED EARNINGS |
6,026,566 |
21 |
5,317,207 |
19 |
|
s45 |
NET INCOME FOR THE YEAR |
20,468,689 |
72 |
20,176,936 |
74 |
|
|
|
|
|
|
|
|
s44 |
OTHER ACCUMULATED COMPREHENSIVE RESULT |
883,225 |
100 |
2,816,625 |
100 |
|
s70 |
ACCUMULATED MONETARY RESULT |
0 |
0 |
0 |
0 |
|
s71 |
RESULT FROM HOLDING NON-MONETARY ASSETS |
0 |
0 |
0 |
0 |
|
s96 |
CUMULATIVE RESULT FROM FOREIGN CURRENCY TRANSLATION |
187,552 |
21 |
201,103 |
7 |
|
s97 |
CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL INSTRUMENTS |
1,155,361 |
131 |
4,036,298 |
143 |
|
s98 |
CUMULATIVE EFFECT OF DEFERRED INCOME TAXES |
(459,688) |
(52) |
(1,420,776) |
(50) |
|
s100 |
OTHERS |
0 |
0 |
0 |
0 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-03
CONSOLIDATED BALANCE SHEETS
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF S |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
s72 |
WORKING CAPITAL |
14,547,490 |
10,753,367 |
|
s73 |
PENSIONS FUND AND SENIORITY PREMIUMS |
0 |
0 |
|
s74 |
EXECUTIVES (*) |
84 |
98 |
|
s75 |
EMPLOYEES (*) |
9,269 |
9,523 |
|
s76 |
WORKERS (*) |
43,593 |
44,696 |
|
s77 |
OUTSTANDING SHARES (*) |
18,191,892,260 |
18,555,053,360 |
|
s78 |
REPURCHASE OF OWN SHARER(*) |
363,161,100 |
805,344,110 |
|
s101 |
RESTRICTED CASH |
0 |
0 |
|
s102 |
DEBT WITH COST OF AFFILIATES NON CONSOLIDATED |
0 |
0 |
|
|
(*) THESE CONCEPTS SHOULD BE EXPRESSED IN UNITS |
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-04
CONSOLIDATED STATEMENTS OF INCOME
- FROM JANUARY 01 TO DECEMBER 31, 2009 & 2008 -
(Thousands of Mexican Pesos)
Final printing
---
|
REF R |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
r01 |
OPERATING REVENUES |
119,100,212 |
100 |
124,105,235 |
100 |
|
r02 |
COST OF SALES AND SERVICES |
63,905,908 |
54 |
64,499,260 |
52 |
|
r03 |
GROSS INCOME |
55,194,304 |
46 |
59,605,975 |
48 |
|
r04 |
OPERATING EXPENSES |
20,830,245 |
17 |
19,863,006 |
16 |
|
r05 |
OPERATING INCOME |
34,364,059 |
29 |
39,742,969 |
32 |
|
r08 |
OTHER EXPENSES AND INCOMES (NET) |
(1,349,680) |
(1) |
(679,592) |
0 |
|
r06 |
COMPREHENSIVE FINANCING COST |
(4,314,554) |
(4) |
(9,232,694) |
(7) |
|
r12 |
EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES, JOINT BUSINESSES AND AFFILIATES |
254,680 |
0 |
(62,113) |
(0) |
|
r48 |
NON-ORDINARY ITEMS |
0 |
0 |
0 |
0 |
|
r09 |
INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING |
28,954,505 |
24 |
29,768,570 |
24 |
|
r10 |
PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
8,485,522 |
7 |
9,591,659 |
8 |
|
r11 |
NET INCOME AFTER INCOME TAX AND EMPLYEE PROFIT SHARING |
20,468,983 |
17 |
20,176,911 |
16 |
|
r14 |
INCOME FROM DISCONTINUED OPERATIONS (NET) |
0 |
0 |
0 |
0 |
|
r18 |
NET INCOME |
20,468,983 |
17 |
20,176,911 |
16 |
|
r19 |
NET INCOME OF NON-CONTROLLING INTEREST |
294 |
0 |
(25) |
0 |
|
r20 |
NET INCOME OF CONTROLLING INTEREST |
20,468,689 |
17 |
20,176,936 |
16 |
|
|
|
|
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-05
CONSOLIDATED STATEMENTS OF INCOME
- BREAKDOWN OF MAIN CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF R |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
r01 |
OPERATING REVENUES |
119,100,212 |
100 |
124,105,235 |
100 |
|
r21 |
DOMESTIC |
114,413,138 |
96 |
120,090,214 |
97 |
|
r22 |
FOREIGN |
4,687,074 |
4 |
4,015,021 |
3 |
|
r23 |
TRANSLATION INTO DOLLARS (***) |
346,021 |
0 |
357,276 |
0 |
|
|
|
|
|
|
|
|
r08 |
OTHER EXPENSES AND INCOMES (NET) |
(1,349,680) |
100 |
(679,592) |
100 |
|
r49 |
OTHER EXPENSES AND INCOMES (NET) |
260,126 |
(19) |
468,999 |
(69) |
|
r34 |
EMPLOYEE PROFIT SHARING |
2,217,482 |
(164) |
2,548,762 |
(375) |
|
r35 |
DEFERRED EMPLOYEE PROFIT SHARING |
(607,676) |
45 |
(1,400,171) |
206 |
|
|
|
|
|
|
|
|
r06 |
COMPREHENSIVE FINANCING COST |
(4,314,554) |
100 |
(9,232,694) |
100 |
|
r24 |
INTEREST EXPENSE |
6,122,328 |
(142) |
7,652,427 |
(83) |
|
r42 |
LOSS (GAIN) ON RESTATEMENT OF UDI'S |
0 |
0 |
0 |
0 |
|
r45 |
OTHER FINANCIAL COSTS |
0 |
0 |
0 |
0 |
|
r26 |
INTEREST INCOME |
711,243 |
(16) |
913,462 |
(10) |
|
r46 |
OTHER FINANCIAL PRODUCTS |
0 |
0 |
0 |
0 |
|
r25 |
FOREIGN EXCHANGE LOSS (GAIN) (NET) |
1,096,531 |
(25) |
(2,493,729) |
27 |
|
r28 |
RESULT FROM MONETARY POSITION |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
r10 |
PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
8,485,522 |
100 |
9,591,659 |
100 |
|
r32 |
INCOME TAX |
9,560,860 |
113 |
10,606,003 |
111 |
|
r33 |
DEFERRED INCOME TAX |
(1,075,338) |
(13) |
(1,014,344) |
(11) |
|
|
|
|
|
|
|
|
(***) THOUSAND DOLLARS AT THE PREVAILING EXCHANGE RATE AT THE END OF THE REPORTING PERIOD. |
|||||
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-06
CONSOLIDATED STATEMENTS OF INCOME
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF R |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
r36 |
TOTAL REVENUES |
119,100,212 |
124,105,235 |
|
r37 |
TAX RESULT FOR THE YEAR |
0 |
0 |
|
r38 |
OPERATING REVENUES (**) |
119,100,212 |
124,105,235 |
|
r39 |
OPERATING INCOME (**) |
34,364,059 |
39,742,969 |
|
r40 |
NET INCOME OF CONTROLLING INTEREST (**) |
20,468,689 |
20,176,936 |
|
r41 |
NET INCOME (**) |
20,468,983 |
20,176,911 |
|
r47 |
OPERATIVE DEPRECIATION AND ACCUMULATED |
17,152,939 |
16,961,597 |
|
|
|
|
|
|
(**) |
INFORMATION OF THE PAST TWELVE MONTHS |
|
|
--
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-07
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
- FROM OCTOBER 01 TO DECEMBER 31, 2009 & 2008 -
(Thousands of Mexican Pesos)
Final printing
---
|
REF RT |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
rt01 |
OPERATING REVENUES |
29,746,853 |
100 |
30,967,321 |
100 |
|
rt02 |
COST OF SALES AND SERVICES |
16,638,003 |
56 |
16,486,929 |
53 |
|
rt03 |
GROSS INCOME |
13,108,850 |
44 |
14,480,392 |
47 |
|
rt04 |
OPERATING EXPENSES |
5,333,346 |
18 |
5,228,463 |
17 |
|
rt05 |
OPERATING INCOME |
7,775,504 |
26 |
9,251,929 |
30 |
|
rt08 |
OTHER EXPENSES AND INCOMES (NET) |
(136,859) |
(0) |
212,174 |
1 |
|
rt06 |
COMPREHENSIVE FINANCING COST |
(1,221,100) |
(4) |
(3,808,396) |
(12) |
|
rt12 |
EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES, JOINT BUSINESSES AND AFFILIATES |
91,718 |
0 |
(131,619) |
0 |
|
rt48 |
NON-ORDINARY ITEMS |
0 |
0 |
0 |
0 |
|
rt09 |
INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING |
6,509,263 |
22 |
5,524,088 |
18 |
|
rt10 |
PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
1,515,659 |
5 |
2,544,416 |
8 |
|
rt11 |
NET INCOME AFTER INCOME TAX AND EMPLYEE PROFIT SHARING |
4,993,604 |
17 |
2,979,672 |
10 |
|
rt14 |
INCOME FROM DISCONTINUED OPERATIONS (NET) |
0 |
0 |
0 |
0 |
|
rt18 |
NET INCOME |
4,993,604 |
17 |
2,979,672 |
10 |
|
rt19 |
NET INCOME OF NON-CONTROLLING INTEREST |
(655) |
(0) |
1,811 |
0 |
|
rt20 |
NET INCOME OF CONTROLLING INTEREST |
4,994,259 |
17 |
2,977,861 |
10 |
|
|
|
|
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-08
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
- BREAKDOWN OF MAIN CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
--
|
REF RT |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
% |
Amount |
% |
||
|
rt01 |
OPERATING REVENUES |
29,746,853 |
100 |
30,967,321 |
100 |
|
rt21 |
DOMESTIC |
28,265,238 |
95 |
29,629,475 |
96 |
|
rt22 |
FOREIGN |
1,481,615 |
5 |
1,337,846 |
4 |
|
rt23 |
TRANSLATION INTO DOLLARS (***) |
113,796 |
0 |
109,203 |
0 |
|
|
|
|
|
|
|
|
rt08 |
OTHER REVENUES AND (EXPENSES), NET |
(136,859) |
100 |
212,174 |
100 |
|
rt49 |
OTHER REVENUES AND (EXPENSES), NET |
71,202 |
(52) |
35,287 |
17 |
|
rt34 |
EMPLOYEE PROFIT SHARING |
463,264 |
(338) |
489,959 |
231 |
|
rt35 |
DEFERRED EMPLOYEE PROFIT SHARING |
(255,203) |
186 |
(666,846) |
(314) |
|
|
|
|
|
|
|
|
rt06 |
COMPREHENSIVE FINANCING COST |
(1,221,100) |
100 |
(3,808,396) |
100 |
|
rt24 |
INTEREST EXPENSE |
1,425,900 |
(117) |
2,481,015 |
(65) |
|
rt42 |
LOSS (GAIN) ON RESTATEMENT OF UDI'S |
0 |
0 |
0 |
0 |
|
rt45 |
OTHER FINANCIAL COSTS |
0 |
0 |
0 |
0 |
|
rt26 |
INTEREST INCOME |
149,403 |
(12) |
310,102 |
(8) |
|
rt46 |
OTHER FINANCIAL PRODUCTS |
0 |
0 |
0 |
0 |
|
rt25 |
FOREIGN EXCHANGE LOSS (GAIN) (NET) |
55,397 |
(5) |
(1,637,483) |
43 |
|
rt28 |
RESULT FROM MONETARY POSITION |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
rt10 |
PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING |
1,515,659 |
100 |
2,544,416 |
100 |
|
rt32 |
INCOME TAX |
1,885,766 |
124 |
2,751,071 |
108 |
|
rt33 |
DEFERRED INCOME TAX |
(370,107) |
(24) |
(206,655) |
(8) |
|
|
|
|
|
|
|
|
(***) THOUSAND DOLLARS AT THE PREVAILING EXCHANGE RATE AT THE END OF THE REPORTING PERIOD. |
|||||
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-09
CONSOLIDATED QUARTERLY STATEMENTS OF INCOME
- OTHER CONCEPTS -
(Thousands of Mexican Pesos)
Final printing
---
|
REF RT |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
rt47 |
OPERATIVE DEPRECIATION AND ACCUMULATED IMPAIRMENT LOSSES |
4,282,816 |
4,243,337 |
|
|
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-12
DATA PER SHARE
- CONSOLIDATED INFORMATION -
(Thousands of Mexican Pesos)
Final printing
---
|
REF D |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
Amount |
|
Amount |
|||
|
d01 |
BASIC INCOME PER ORDINARY SHARE (**) |
$1.11 |
|
$1.07 |
|
|
d02 |
BASIC INCOME PER PREFERENT SHARE (**) |
$0.00 |
|
$0.00 |
|
|
d03 |
DILUTED INCOME PER ORDINARY SHARE (**) |
$0.00 |
|
$0.00 |
|
|
d04 |
INCOME (LOSS) FROM CONTINUOUS OPERATIONS PER ORDINARY SHARE (**) |
$1.11 |
|
$1.07 |
|
|
d05 |
EFFECT OF DISCONTINUOUS OPERATIONS ON INCOME (LOSS) FROM CONTINUOS OPERATIONS PER ORDINARY SHARE (**) |
$0.00 |
|
$0.00 |
|
|
d08 |
CARRYING VALUE PER SHARE |
$2.10 |
|
$2.12 |
|
|
d09 |
ACUMULATED CASH DIVIDEND PER SHARE |
$0.83 |
|
$0.41 |
|
|
d10 |
SHARE DIVIDENDS PER SHARE |
0.00 |
shares |
0.00 |
shares |
|
d11 |
MARKET PRICE TO CARRYING VALUE |
5.22 |
times |
6.77 |
times |
|
d12 |
MARKET PRICE TO BASIC INCOME PER ORDINARY SHARE (**) |
9.87 |
times |
13.41 |
times |
|
d13 |
MARKET PRICE TO BASIC INCOME PER PREFERENT SHARE (**) |
0.00 |
times |
0.00 |
times |
|
(**) INFORMATION OF THE PAST TWELVE MONTHS |
|
||||
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-13
RATIOS
- CONSOLIDATED INFORMATION -
(Thousands of Mexican Pesos)
Final printing
---
|
REF P |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
||
|
|
YIELD |
|
|
|
|
|
p01 |
NET INCOME (LOSS) TO OPERATING REVENUES |
17.19 |
% |
16.26 |
% |
|
p02 |
NET INCOME TO STOCKHOLDERS' EQUITY (**) |
53.41 |
% |
51.25 |
% |
|
p03 |
NET INCOME TO TOTAL ASSETS ( **) |
11.48 |
% |
10.78 |
% |
|
p04 |
CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME |
74.80 |
% |
21.44 |
% |
|
p05 |
INCOME DUE TO MONETARY POSITION TO NET INCOME |
0.00 |
% |
0.00 |
% |
|
|
ACTIVITY |
|
|
|
|
|
p06 |
OPERATING REVENUES TO TOTAL ASSETS (**) |
0.67 |
times |
0.66 |
times |
|
p07 |
OPERATING REVENUES TO FIXED ASSETS (**) |
1.14 |
times |
1.10 |
times |
|
p08 |
INVENTORIES ROTATION (**) |
41.40 |
times |
33.69 |
times |
|
p09 |
ACCOUNTS RECEIVABLE IN DAYS OF SALES |
43.00 |
days |
40.00 |
days |
|
p10 |
INTEREST PAID TO TOTAL LIABILITIES WITH COST (**) |
5.95 |
% |
7.15 |
% |
|
|
LEVERAGE |
|
|
|
|
|
p11 |
TOTAL LIABILITIES TO TOTAL ASSETS |
78.51 |
% |
78.96 |
% |
|
p12 |
TOTAL LIABILITIES TO STOCKHOLDERS' EQUITY |
3.65 |
times |
3.75 |
times |
|
p13 |
FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES |
50.70 |
% |
59.34 |
% |
|
p14 |
LONG-TERM LIABILITIES TO FIXED ASSETS |
79.68 |
% |
74.58 |
% |
|
p15 |
OPERATING INCOME (LOSS) TO INTEREST PAID |
5.61 |
times |
5.19 |
times |
|
p16 |
OPERATING REVENUES TO TOTAL LIABILITIES (**) |
0.85 |
times |
0.84 |
times |
|
|
LIQUIDITY |
|
|
|
|
|
p17 |
CURRENT ASSETS TO CURRENT LIABILITIES |
1.39 |
times |
1.26 |
times |
|
p18 |
CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES |
1.35 |
times |
1.21 |
times |
|
p19 |
CURRENT ASSETS TO TOTAL LIABILITIES |
0.37 |
times |
0.35 |
times |
|
p20 |
AVAILABLE ASSETS TO CURRENT LIABILITIES |
38.56 |
% |
14.84 |
% |
|
(**) INFORMATION OF THE PAST TWELVE MONTHS |
|
|
|||
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-14
STATE OF CASH FLOW (INDIRECT METHOD)
MAIN CONCEPTS
- CONSOLIDATED INFORMATION -
(Thousands of Mexican Pesos)
Final printing
---
|
REF E |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
|
OPERATION ACTIVITIES |
|
|
|
e01 |
INCOME (LOST) BEFORE INCOME TAXES |
28,954,505 |
29,768,570 |
|
e02 |
+(-) ITEMS NOT REQUIRING CASH |
6,716,526 |
5,723,061 |
|
e03 |
+(-) ITEMS RELATED TO INVESTING ACTIVITIES |
17,694,183 |
17,978,865 |
|
e04 |
+(-) ITEMS RELATED TO FINANCING ACTIVITIES |
5,601,641 |
10,975,298 |
|
e05 |
CASH FLOWS BEFORE INCOME TAX |
58,966,855 |
64,445,794 |
|
e06 |
CASH FLOW PROVIDED OR USED IN OPERATION |
(18,019,701) |
(18,540,620) |
|
e07 |
NET CASH FLOWS PROVIDED OF OPERATING ACTIVITIES |
40,947,154 |
45,905,174 |
|
|
INVESTMENT ACTIVITIES |
|
|
|
e08 |
NET CASH FLOW FROM INVESTING ACTIVITIES |
(9,759,128) |
(12,725,549) |
|
e09 |
CASH IN EXCESS (REQUIRED) TO BE APPLIED IN FINANCING ACTIVITIES |
31,188,026 |
33,179,625 |
|
|
|
|
|
|
|
FINANCING ACTIVITIES |
|
|
|
e10 |
NET CASH FROM FINANCING ACTIVITIES |
(22,944,821) |
(31,740,814) |
|
e11 |
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
8,243,205 |
1,438,811 |
|
e12 |
TRANSLATION DIFFERENCES IN CASH AND CASH EQUIVALENTS |
0 |
0 |
|
e13 |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD |
6,136,563 |
4,697,752 |
|
e14 |
CASH AND CASH EQUIVALENTS AT THE END OF PERIOD |
14,379,768 |
6,136,563 |
|
|
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
FS-15
STATE OF CASH FLOW (INDIRECT METHOD)
BREAKDOWN OF MAIN CONCEPTS
- CONSOLIDATED INFORMATION -
(Thousands of Mexican Pesos)
Final printing
---
|
REF E |
CONCEPTS |
QUARTER OF PRESENT FINANCIAL YEAR |
QUARTER OF PREVIOUS FINANCIAL YEAR |
|
Amount |
Amount |
||
|
e02 |
+(-) ITEMS NOT REQUIRING CASH |
6,716,526 |
5,723,061 |
|
e15 |
+ESTIMATES FOR THE PERIOD |
69,669 |
14,675 |
|
e16 |
+PROVISIONS FOR THE PERIOD |
6,646,857 |
5,742,803 |
|
e17 |
+(-) OTHER UNREALIZED ITEMS |
0 |
(34,417) |
|
|
|
|
|
|
e03 |
+(-) ITEMS RELATED TO INVESTING ACTIVITIES |
17,694,183 |
17,978,865 |
|
e18 |
+DEPRECIATION AND AMORTIZATION FOR THE PERIOD (*) |
17,948,862 |
17,916,752 |
|
e19 |
(-)+GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND EQUIPMENT |
0 |
0 |
|
e20 |
+IMPAIRMENT LOSS |
0 |
0 |
|
e21 |
(-)+EQUITY RESULTS OF ASSOCIATES AND JOINT VENTURES |
(254,679) |
62,113 |
|
e22 |
(-)DIVIDENDS RECEIVED |
0 |
0 |
|
e23 |
(-)INTEREST INCOME |
0 |
0 |
|
e24 |
(-)+ OTHER ITEMS |
0 |
0 |
|
|
|
|
|
|
e04 |
+(-) ITEMS RELATED TO FINANCING ACTIVITIES |
5,601,641 |
10,975,298 |
|
e25 |
+ACCRUED INTERESTS |
6,122,328 |
7,652,427 |
|
e26 |
+(-) OTHER ITEMS |
(520,687) |
3,322,871 |
|
|
|
|
|
|
e06 |
CASH FLOW PROVIDED OR USED IN OPERATION |
(18,019,701) |
(18,540,620) |
|
e27 |
+(-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE |
(350,150) |
175,463 |
|
e28 |
+(-) DECREASE (INCREASE) IN INVENTORIES |
370,658 |
276,804 |
|
e29 |
+(-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE AND OTHER ASSETS |
(6,143,490) |
(5,485,784) |
|
e30 |
+(-) INCREASE (DECREASE) IN SUPPLIERS |
(1,391,737) |
(461,312) |
|
e31 |
+(-) INCREASE (DECREASE) IN OTHER LIABILITIES |
144,921 |
(1,333,885) |
|
e32 |
+(-) INCOME TAXES PAID OR RETURNED |
(10,649,903) |
(11,711,906) |
|
|
|
|
|
|
e08 |
NET CASH FLOWS OF INVESTING ACTIVITIES |
(9,759,128) |
(12,725,549) |
|
e33 |
- PERMANENT INVESTMENT IN SHARES |
(87,889) |
(19,169) |
|
e34 |
+DISPOSITION OF PERMANENT INVESTMENT IN SHARES |
0 |
95,376 |
|
e35 |
- INVESTMENTS IN PROPERTY, PLANT AND EQUIPMENT |
(10,613,208) |
(11,771,793) |
|
e36 |
+ SALE OF PROPERTY, PLANT AND EQUIPMENT |
0 |
0 |
|
e37 |
- INVESTMENT IN INTANGIBLE ASSETS |
(14,166) |
(135,271) |
|
e38 |
+ DISPOSITION OF INTANGIBLE ASSETS |
0 |
0 |
|
e39 |
- OTHER PERMANENT INVESTMENTS |
0 |
0 |
|
e40 |
+ DISPOSITION OF OTHER PERMANENT INVESTMENTS |
0 |
0 |
|
e41 |
+ DIVIDENDS RECEIVED |
0 |
0 |
|
e42 |
+ INTERESTS RECEIVED |
0 |
0 |
|
e43 |
+(-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS |
0 |
0 |
|
e44 |
+(-) OTHER ITEMS |
956,135 |
(894,692) |
|
|
|
|
|
|
e10 |
NET CASH FLOWS OF FINANCING ACTIVITIES |
(22,944,821) |
(31,740,814) |
|
e45 |
+ BANK FINANCING |
23,689,235 |
11,862,831 |
|
e46 |
+ STOCK MARKET FINANCING |
0 |
0 |
|
e47 |
+ OTHER FINANCING |
0 |
0 |
|
e48 |
(-) BANK FINANCING AMORTIZATION |
(24,552,238) |
(15,781,356) |
|
e49 |
(-) STOCK MARKET FINANCING AMORTIZATION |
0 |
0 |
|
e50 |
(-) OTHER FINANCING AMORTIZATION |
0 |
0 |
|
e51 |
+ (-) INCREASE (DECREASE) IN CAPITAL STOCK |
0 |
0 |
|
e52 |
(-) DIVIDENDS PAID |
(15,093,082) |
(7,609,477) |
|
e53 |
+ PREMIUM ON ISSUANCE OF SHARES |
0 |
0 |
|
e54 |
+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES |
0 |
0 |
|
e55 |
- INTEREST EXPENSE |
(4,200,480) |
(5,049,097) |
|
e56 |
(-) REPURCHASE OF SHARES |
(4,095,320) |
(12,871,842) |
|
e57 |
+(-) OTHER ITEMS |
1,307,064 |
(2,291,873) |
|
|
|
|
|
|
* IN CASE THAT THIS AMOUNT IS DIFFERENT FROM ACCOUNT R47 IT SHALL BE EXPLAINED IN NOTES |
|||
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 1
CHIEF EXECUTIVE OFFICER REPORT
Consolidated
Final printing
---Highlights
Fourth Quarter 2009
· At year-end 2009 we had 15.882 million lines, including 703 thousand public telephony lines and 1.7 million social telephony lines. The year-end total for the first time excludes lines on which payments were behind by at least two months. That action reduced the number of lines by 1.2 million. The year-end 2008 total included 1.1 million lines on which payments were behind by at least two months.
· In the Mexican telecommunications market, including cellular telephony and services provided by other fixed-line operators, TELMEX has 15.8% of total lines and is the third operator in the market in terms of lines after Telcel and Telefónica. TELMEX has 80.6% of fixed lines, below the average of 85.3% for 35 countries worldwide included in the Bank of America/ Merrill Lynch Global Wireline Matrix.
· During the fourth quarter, we continued growth, but at a lower pace in broadband Infinitum (ADSL) services, the fastest connection, with a gain of 221 thousand services, bringing the total to 6.5 million customers. Compared with December 2003, the speed of Internet services has multiplied 100 times from 56 Kbps to more than 5 Mbps. In that period the number of customers has increased more than 36 times and the price per kilobyte in packages has decreased 48 times.
· This growth has been driven by installment sales of more than 2.5 million computers since 1999. The lack of computers in Mexican homes is the main limitation for higher broadband growth, which also is slowed by the shortage of domestic applications and content on the Internet.
· Based on the last report from Teligen (November, 2009), the OECD’s tariff consultant, Mexico continues to be one of the countries with the lowest telephony prices in all of the OECD, resulting from TELMEX’s policy of supporting the country’s and consumers’ economic well-being by reducing its prices for the last 10 years in real terms.
· TELMEX has decided to reduce the prices of its packages that include Infinitum, Internet access through broadband and various voice services for discounted prices in spite of new taxes (a special telecommunications tax of 3% and a 1% increase in the value added tax).
· At TELMEX, one of our main commitments is to promote penetration and access to broadband services. The TELMEX 2010 program –Driving Technological Innovation– positions Teléfonos de México as the main promoter of connectivity, education and digital culture and the development of information technologies in our country, supported by our world-class network along with the company’s highly trained personnel. The program comprises the following:
o Increase connectivity in the country: TELMEX will contribute so the country reaches 12 million broadband accesses in the next three years, including all technologies and all providers, with the result that more than half of the population will be able to access the Internet. Additionally, this year, Infinitum´s access speed will be increased while maintaining the quality, continuity and speed consistency that characterize this service. The number of sites with Infinitum Móvil will be doubled to reach 3,000 nationwide this year.
o Enhance Information Technologies: Start the operation of the Instituto Tecnológico de Teléfonos de México en Tecnologías de la Información (Inttelmex IT), (TELMEX´s Technological Institute of Information Technologies) to expand training (of 1,000 professionals) in the application of information technologies.
o Support Education and Digital Culture: Through the operation of 3,300 Bibliotecas Digitales TELMEX (TELMEX DigitalLibraries) and 1,000 Aulas Digitales TELMEX (TELMEX Digital Classrooms) at year-end 2010.
· Revenues in the fourth quarter totaled 29.7 billion pesos, a decrease of 3.9% compared with the same period of the previous year. Revenues related to corporate networks services increased 43.1% and Internet access revenues increased 13.6%. Local, long distance and interconnection revenues decreased 8.5%. 20.8% and 16.4%, respectively.
· In the fourth quarter, EBITDA (1) totaled 12.2 billion pesos, producing a margin of 41.2%. Operating income totaled 7.8 billion pesos, with a margin of 26.1%.
· Net income from controlling interest in the quarter totaled 5.0 billion pesos, 67.7% higher than the fourth quarter of 2008. For the fourth quarter, earnings per share were 27 Mexican cents, 68.8% higher than the same year-earlier period, and earnings per ADR (2) were 41 US cents, an increase of 64.0% compared with the fourth quarter of 2008.
· At December 31, 2009, total debt was the equivalent of 7.878 billion dollars. Total net debt (3) was equivalent to 6.777 billion dollars, 678 million dollars less than December 31, 2008.
· In the fourth quarter, capital expenditures (Capex) were the equivalent of 124 million dollars and for the twelve months, Capex was the equivalent of 661 million dollars. From October to December, the company used 1.045 billion pesos to repurchase 91 million 969 thousand of its own shares.
(1) EBITDA: defined as operating income plus depreciation and amortization. Go to www.telmex.com in the Investor Relations section where you will find the reconciliation of EBITDA to operating income.
(2) One ADR represents 20 shares.
(3) Net debt is defined as total debt less cash and cash equivalents and marketable securities.
Relevant Event
TELMEX Shareholders´ Meeting Resolutions
On December 1, 2009, TELMEX´s Ordinary Shareholders' Meeting approved the payment of a special cash dividend of 0.40 Mexican pesos per outstanding share in a single payment made in Mexico on or after December 17, 2009, resulting from unappropriated earnings. For holders of American Depositary Shares, the payment date was December 24, 2009.
Operating Results
Lines and local traffic
At year-end 2009 we had 15.882 million lines, including 703 thousand public telephony lines and 1.7 million social telephony lines. The year-end total for the first time excludes lines on which payments were behind by at least two months. That action reduced the number of lines by 1.2 million. The year-end 2008 total included 1.1 million lines on which payments were behind by at least two months.
In the Mexican telecommunications market, including cellular telephony and services provided by other fixed-line operators, TELMEX has 15.8% of total lines and is the third operator in the market in terms of lines after Telcel and Telefónica. TELMEX has 80.6% of fixed lines, below the average of 85.3% for 35 countries worldwide included in the Bank of America/ Merrill Lynch Global Wireline Matrix.
During the fourth quarter, local calls decreased 7.7% compared with the same period of 2008, totaling 5 billion local calls. Local traffic volume continues to be affected mainly by the increase in cellular telephony services, which is changing our customers’ consumption habits, by the reduction in the number of lines and by competition from other operators.
Long distance
In the fourth quarter, domestic long distance (DLD) traffic decreased 2.3% compared with the previous year’s fourth quarter, totaling 4.810 billion minutes, in spite of the fact that there was growth of multi-service package offerings that include DLD minutes and an increase in termination traffic from other long distance operators. These positive contributions were offset by the decrease in termination traffic with cellular telephony operators.
In the quarter, outgoing international long distance (ILD) traffic decreased 26.8% compared with the year-earlier fourth quarter, totaling 307 million minutes. The decline reflected a decrease in traffic from mobile operators and the slowdown of economic activity in the country. Incoming international long distance traffic decreased 0.7% compared with the same period of the previous year, totaling 1.760 billion minutes. The incoming-outgoing ratio was 5.7x.
Interconnection
In the fourth quarter, interconnection traffic totaled 10.678 billion minutes, 6.8% lower than the same quarter of 2008, mainly due to the decrease of 13.0% in calling party pays traffic. Interconnection traffic with local, long distance and cellular telephony operators decreased 4.9%.
During the fourth quarter, we continued growth, but at a lower pace in broadband Infinitum (ADSL) services, the fastest connection, with a gain of 221 thousand services, bringing the total to 6.5 million customers. Compared with December 2003, the speed of Internet services has multiplied 100 times from 56 Kbps to more than 5 Mbps. In that period the number of customers has increased more than 36 times and the price per kilobyte in packages has decreased 48 times.
This growth has been driven by installment sales of more than 2.5 million computers since 1999. The lack of computers in Mexican homes is the main limitation for higher broadband growth, which also is slowed by the shortage of domestic applications and content on the Internet.
TELMEX has decided to reduce the prices of its packages that include Infinitum, Internet access through broadband and various voice services for discounted prices in spite of new taxes (a special telecommunications tax of 3% and a 1% increase in the value added tax).
Financial Results
The following financial information for 2009 and 2008 is presented in nominal pesos, according to Mexican Financial Reporting Standards.
Revenues In the fourth quarter revenues totaled 29.7 billion pesos, a decrease of 3.9% compared with the same period of the previous year. Revenues related to corporate networks services increased 43.1% and Internet access revenues increased 13.6%. Local, long distance and interconnection revenues decreased 8.5%. 20.8% and 16.4%, respectively.
Local: Local service revenues totaled 10.799 billion pesos in the fourth quarter, a decrease of 8.5% compared with the same quarter of 2008, due to decreases of 6.2% in revenue per local billed call and 7.7% in local traffic volume.
DLD: In the quarter, DLD revenues totaled 3.298 billion pesos, 7.6% lower than the fourth quarter of 2008, because of the 2.3% decrease in traffic and the 5.5% decline in average revenue per minute, reflecting increased penetration of multi-service packages that include long distance service.
ILD: ILD revenues totaled 1.436 billion pesos in the quarter, a decrease of 40.3% compared with the same period of the previous year. Contributing factors included the 26.8% decrease in outgoing traffic reflecting, among other things, the decrease in the country’s economic activity as well as the 2.7% decrease in average revenue per minute. Incoming international long distance traffic revenues totaled 534 million pesos, a decrease of 53.2% compared with the fourth quarter of the previous year, due to the decline of 52.9% in average revenue per minute and the decrease of 0.7% in incoming traffic.
Interconnection: In the quarter, interconnection revenues decreased 16.4% to 3.974 billion pesos compared with the fourth quarter of 2008, due to the 13.0% decline in calling party pays services and the decrease of 6.1% in average revenue of these services, as well as the 7.5% decrease in interconnection traffic with local and long distance operators.
Internet access: Revenues from Internet access in the fourth quarter totaled 4.175 billion pesos, 13.6% higher than the prior year’s fourth quarter due to the increase of 27.5% in Internet access services, offset by lower average unit revenue for broadband Infinitum services.
Corporate networks: Due to the increase in services from VPN (Virtual Private Networks) and the integration of value-added services into our portfolio of products and services for the corporate market, the corresponding revenues increased 43.1% compared with the same period of the previous year, totaling 4.641 billion pesos.
Costs and expenses: In the fourth quarter, total costs and expenses were 21.971 billion pesos, 1.2% higher than the same period of the previous year, mainly due to higher costs of equipment for customer sales and to the increase in the reserve for uncollectables, partially offset by lower interconnection costs resulting from the decrease of 9.9% in the amount paid to cellular telephony operators for calling party pays services and by initiatives to optimize resource use.
· Cost of sales and services: In the fourth quarter, cost of sales and services increased 7.5% compared with the same period of 2008, totaling 9.290 billion pesos, due to higher costs related to services for corporate customers and computer sales at Tiendas TELMEX (TELMEX Stores).
Commercial, administrative and general: In the fourth quarter, commercial, administrative and general expenses totaled 5.333 billion pesos, 2.0% higher than the year-ago fourth quarter, mainly due to an increase in the reserve for uncollectables primarily from bad accounts from some telecommunications operators.
Interconnection: Interconnection costs totaled 2.883 billion pesos, a decrease of 14.2% compared with the fourth quarter of 2008 due to the 9.9% decrease in the amount paid to cellular telephony operators for calling party pays services and the decrease in calling party pays traffic.
Depreciation and amortization: In the fourth quarter, depreciation and amortization decreased 0.4% compared with the same period of 2008, to 4.465 billion pesos.
EBITDA (1) and operating income: EBITDA (1) totaled 12.241 billion pesos in the fourth quarter, a decrease of 10.9% compared with the same period of the previous year. The EBITDA margin was 41.2%. Operating income totaled 7.776 billion pesos in the fourth quarter and the operating margin was 26.1%.
Financing cost: In the fourth quarter, financing cost produced a charge of 1.221 billion pesos. This resulted from: i) a net interest charge of 1.276 billion pesos, which includes the recognition of the market value of interest rate swaps, partially offset by the decrease in interest paid due to lower debt and ii) a net exchange gain of 55 million pesos from the fourth-quarter exchange rate appreciation of 0.4455 pesos per dollar and 4.423 billion dollars in dollar-peso hedges at year-end 2009.
Net income from controlling interest: In the fourth quarter, net income from controlling interest totaled 4.995 billion pesos, 67.7% higher than the same period of the previous year. Earnings per share were 27 Mexican cents, 68.8% higher than the same quarter of 2008, and earnings per ADR (2) were 41 US cents, an increase of 64.0% compared with the same period of the prior year.
Investments and other uses of cash: In the fourth quarter, capital expenditures (Capex) were the equivalent of 124 million dollars and for the twelve months, Capex was the equivalent of 661 million dollars, of which 67.4% was used for projects in the data and connectivity platform and transmission networks, and the rest for operational support projects.
Debt: Total debt at December 31, 2009, was the equivalent of 7.878 billion dollars, of which 80.8% is long-term, 49.6% has fixed rates considering interest rate swaps, and 67.7% is in foreign currency, equivalent to 5.336 billion dollars. To minimize risks from variations in the exchange rate, at the end of December we had dollar-peso hedges for 4.423 billion dollars.
Total net debt (3) decreased during the last twelve months the equivalent of 678 million dollars, bringing the total to 6.777 billion dollars.
Repurchase of shares: During the fourth quarter, the company used 1.045 billion pesos to repurchase 91 million 969 thousand of its own shares.
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Mexico Local and Long Distance Accounting Separation |
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Based on Condition 7-5 of the Amendments of the Concession Title of Teléfonos de México, the |
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commitment to present the accounting separation of the local and long distance services is presented |
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below for the fourth quarter of 2009 and 2008. |
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Mexico Local Service Business |
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Income Statements |
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|
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|
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|
|
|
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[ In millions of Mexican pesos ] |
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|
|
|
|
|
|
|
|
|
|
|
|
% |
|
|
|
|
% |
|
|
|
4Q2009 |
|
4Q2008 |
Inc. |
|
12 months 09 |
12 months 08 |
Inc. |
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
Access, rent and measured service |
P. |
10,724 |
P. |
11,693 |
(8.3) |
P. |
44,641 |
P. |
48,363 |
(7.7) |
|
LADA interconnection |
|
1,244 |
|
1,250 |
(0.5) |
|
5,154 |
|
4,145 |
24.3 |
|
Interconnection with operators |
|
377 |
|
437 |
(13.7) |
|
1,754 |
|
1,560 |
12.4 |
|
Interconnection with cellular operators |
2,683 |
|
3,022 |
(11.2) |
|
11,119 |
|
12,397 |
(10.3) |
|
|
Other |
|
3,166 |
|
3,811 |
(16.9) |
|
14,212 |
|
14,936 |
(4.8) |
|
Total |
|
18,194 |
|
20,213 |
(10.0) |
|
76,880 |
|
81,401 |
(5.6) |
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|
|
|
|
|
|
|
|
|
|
|
Costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
Cost of sales and services |
|
6,106 |
|
6,191 |
(1.4) |
|
24,059 |
|
23,444 |
2.6 |
|
Commercial, administrative and general |
4,651 |
|
4,940 |
(5.9) |
|
17,851 |
|
18,605 |
(4.1) |
|
|
Interconnection |
|
1,788 |
|
1,979 |
(9.7) |
|
7,306 |
|
8,540 |
(14.4) |
|
Depreciation and amortization |
|
2,412 |
|
2,740 |
(12.0) |
|
9,818 |
|
11,260 |
(12.8) |
|
Total |
|
14,957 |
|
15,850 |
(5.6) |
|
59,034 |
|
61,849 |
(4.6) |
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|
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|
|
|
|
|
|
Operating income |
P. |
3,237 |
P. |
4,363 |
(25.8) |
P. |
17,846 |
P. |
19,552 |
(8.7) |
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EBITDA (1) |
P. |
5,649 |
P. |
7,103 |
(20.5) |
P. |
27,664 |
P. |
30,812 |
(10.2) |
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EBITDA margin (%) |
|
31.0 |
|
35.1 |
(4.1) |
|
36.0 |
|
37.9 |
(1.9) |
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Operating margin (%) |
|
17.8 |
|
21.6 |
(3.8) |
|
23.2 |
|
24.0 |
(0.8) |
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Mexico Long Distance Service Business |
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Income Statements |
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[ In millions of Mexican pesos ] |
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|
|
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% |
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|
|
|
% |
|
|
|
4Q2009 |
|
4Q2008 |
Inc. |
|
12 months 09 |
12 months 08 |
Inc. |
|
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Revenues |
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Domestic long distance |
P. |
3,824 |
P. |
4,161 |
(8.1) |
P. |
16,259 |
P. |
18,316 |
(11.2) |
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International long distance |
|
1,397 |
|
2,539 |
(45.0) |
|
6,284 |
|
9,138 |
(31.2) |
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Total |
|
5,221 |
|
6,700 |
(22.1) |
|
22,543 |
|
27,454 |
(17.9) |
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|
|
|
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|
|
|
|
|
Costs and expenses |
|
|
|
|
|
|
|
|
|
|
|
Cost of sales and services |
|
1,281 |
|
1,465 |
(12.6) |
|
5,189 |
|
5,391 |
(3.7) |
|
Commercial, administrative and general |
1,316 |
|
1,420 |
(7.3) |
|
5,515 |
|
5,783 |
(4.6) |
|
|
Interconnection to the local network |
1,833 |
|
2,101 |
(12.8) |
|
7,514 |
|
7,900 |
(4.9) |
|
|
Depreciation and amortization |
|
431 |
|
553 |
(22.1) |
|
1,788 |
|
2,211 |
(19.1) |
|
Total |
|
4,861 |
|
5,539 |
(12.2) |
|
20,006 |
|
21,285 |
(6.0) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income |
P. |
360 |
P. |
1,161 |
(69.0) |
P. |
2,537 |
P. |
6,169 |
(58.9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA (1) |
P. |
791 |
P. |
1,714 |
(53.9) |
P. |
4,325 |
P. |
8,380 |
(48.4) |
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|
|
|
|
|
|
|
|
|
|
|
|
EBITDA margin (%) |
|
15.2 |
|
25.6 |
(10.4) |
|
19.2 |
|
30.5 |
(11.3) |
|
Operating margin (%) |
|
6.9 |
|
17.3 |
(10.4) |
|
11.3 |
|
22.5 |
(11.2) |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 2
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
(Figures in thousands of Mexican pesos)
RECOGNITION OF THE EFFECTS OF INFLATION
From January 1, 2008, Mexican FRS B-10 “Effects of Inflation”, replaced Mexican accounting Bulletin B-10 “Accounting Recognition of the Effects of Inflation on Financial Information”. Based on Mexican FRS B-10, the economic environments in Mexico in 2009 and 2008 have been qualified as non-inflationary, due to inflation in the preceding three fiscal years was 15.01% and 11.56%, respectively. Therefore, during 2009 and 2008 the effects of inflation on financial information of this period were not recognized, keeping the effects of inflation recognized up to December 31, 2007.
BALANCE SHEET
S 23 AND S 28 BANK LOANS
In this item are included the bank credits related to purchase programs to suppliers that have been traditionally reported in the suppliers' credits item of the Balance Sheet because long-term caption to suppliers does not exist in EMISNET.
TELMEX entered into a syndicated loan agreement in 2004, which was restructured in 2005 and 2006 to improve the credit conditions and increase the total loan amount to 3 billion dollars divided in three tranches, the first one for 1.3 billion dollars with a three-year maturity, the second one for 1 billion dollars with a five-year maturity years and the third one for 700 million dollars with a seven- year maturity. In August 2009, TELMEX prepaid the total amount of the first tranche, which original maturity was scheduled for October 2009.
On June 30, 2006 Telmex entered into a syndicated loan agreement in the amount for 500 million dollars divided into two tranches of 250 million dollars each, with a four-year and six-year maturity, respectively.
S 24 AND S 29 SENIOR NOTES
On November 19, 2003, TELMEX issued a bond for U.S.$ 1.0 billion due November 2008, with an annual interest of 4.5%. Interests were payable semiannually. In November 2008, the Company repaid the outstanding balance of this bond.
On January 27, 2005 and with a reopening on February 22, 2005, TELMEX placed senior notes in the total amount of U.S.$1.75 billions divided into two issuances of U.S.$ 950 million and U.S.$ 800 million, respectively, the first one maturing in 2010 and bearing interest at 4.75% annual and the second one maturing in 2015 and bearing interest at 5.50% annual. Interests are payable semiannually.
On January 26, 2006, TELMEX placed abroad a senior note in the amount of Ps. 4,500,000 (nominal value), maturing in 2016 and bearing interest at 8.75% annual. Interests are payable semiannually.
On November 12, 2009, TELMEX issued a bond for U.S.$500 million due 2019 with an annual interest of 5.5%, interests are payable semiannually.
On September 30, 2005, TELMEX obtained approval for a long-term domestic senior notes program in the amount of Ps.10,000,000 (nominal value). As of April 30, 2007, domestic senior notes had been issued for the total amount authorized under this program.
In December 2007, TELMEX obtained approval for a long-term domestic senior notes program in the amount of Ps.10,000,000 (nominal value). In April 2008, domestic senior notes were placed in the amount of Ps.1,600,000. On July 8, 2009, two issuances of domestic senior notes were made under this program for a total amount of Ps.8,000,000.
In September 2009, TELMEX obtained approval for a dual program to issue short and long-term domestic senior notes in the total amount of P. 15,000,000 (nominal amount). On November 3, 2009, two issuances of domestic senior notes were made under this program for a total amount of Ps.6,000,000.
S 29 SENIOR NOTES (LONG-TERM)
As of December 31, 2009 and 2008, this item rose to $ 47,355,416 and $ 40,070,364, respectively, and is comprised as follows:
|
|
2009 |
2008 |
|
Domestic Senior Notes |
Ps. 25,900,000 |
Ps. 11,900,000 |
|
Bonds |
16,955,416 |
23,670,364 |
|
Global peso Senior Notes |
Ps 4,500,000 |
4,500,000 |
S 42 RETAINED EARNINGS AND CAPITAL RESERVES
On March 3, 2009 the Annual Ordinary Shareholders' Meeting approved to increase in Ps. 10,000,000 (nominal value), the funds authorized to repurchase its own shares, bringing the total maximum amount to Ps. $ 10,340,868 (nominal value).
From January through December 2009, the Company acquired 361.2 million L shares for Ps. 4,073,625 and 1.9 million A shares for Ps. 21,695.
From January through December 2008, the Company acquired 796.7 million L shares for Ps 12,764,130 and 8.6 million A shares for Ps. 107,712.
The Company's repurchased shares are applied to unappropiated retained earnings, in the amount exceeding the portion of the capital stock, corresponding to the repurchased shares.
S 104 EMPLOYEES BENEFITS
This item includes the projected net assets as of December 31, 2009 and 2008 pursuant to Mexican FRS D-3 “Employees Benefits”.
S 87 OTHERS
In this item there are included the inventories for telephone plant operation, which are valued by the average cost method and up to December 31, 2007 were updated based on the specific index method which is similar to its replacement value, without exceeding their market value.
S 58 OTHER CURRENT LIABILITIES
As of December 31, 2009 and 2008, this item rose to Ps. 8,932,547 and Ps. 10,899,412 respectively and is comprised as follows:
|
|
2009 |
2008 |
|
Accounts payable |
Ps. 6,024,730 |
Ps. 8,407,821 |
|
Other accrued liabilities |
1,803,642 |
711,476 |
|
Deferred credits |
1,104,175 |
1,780,115 |
S 91 EMPLOYEE BENEFITS
This item includes liabilities for deferred employee profit sharing and actuarial obligations for labor termination as of December 2009 and 2008, pursuant to Mexican FRS D-3 and Bulletin D-3, respectively.
RATIOS
P 08 INVENTORY TURNOVER RATE-COST
EMISNET automatically calculates the inventory turnover rate by dividing the cost of sales and services (Ref. R 02) by the inventories for sale (Ref. S 06), affecting the actual inventory turnover rate.
RECLASIFICATIONS
Certain 2008 financial statements have been reclassified to conform with the presentation used for the year 2009.
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 3a
SHARE INVESTMENTS SUBSIDIARIES
Consolidated
Final printing
---
|
COMPANY NAME |
MAIN ACTIVITIES |
NUMBER OF SHARES |
OWNERSHIP % |
|
Integración de Servicios TMX, S.A. de C.V. |
Investments in all types of businesses |
106,419,052,434 |
100.00 |
|
Aerocomunicaciones, S.A. de C.V. |
Aeronautic radiocom. mobile serv. |
128,234,600 |
100.00 |
|
Aerofrisco, S.A. de C.V. |
Air Taxi services |
7,230,624,600 |
100.00 |
|
Alquiladora de Casas, S.A. de C.V. |
Real estate acquisition & leasing |
686,001,490 |
100.00 |
|
Buscatel, S.A. de C.V. |
Paging services |
142,445 |
100.00 |
|
Cía. de Teléfonos y Bienes Raíces, S.A. de C.V. |
Real estate acquisition & leasing |
1,034,000,000 |
100.00 |
|
Comertel Argos, S.A. de C.V. |
Personnel services |
6,000 |
100.00 |
|
Consorcio Red Uno, S.A. de C.V. |
Design & integrated telecom. Services |
279,634,377 |
100.00 |
|
Construcciones y Canalizaciones, S.A. de C.V. |
Construction & maint. of telephone network |
28,369,000 |
100.00 |
|
Empresa de Limpieza Mexicana, S.A. de C.V. |
Cleaning Service Company |
50 |
100.00 |
|
Fintel Holdings, L.L.C. |
Investments in all types of businesses |
1,490 |
100.00 |
|
Fuerza y Clima, S.A de C.V. |
Air conditioning installation & maint. |
4,925,000 |
100.00 |
|
Grupo Técnico de Administración, S.A. de C.V. |
Management, consulting & org. Services |
50,000 |
100.00 |
|
Impulsora Mexicana de Telecomunicaciones, S.A. |
Network projects |
4,602,225 |
100.00 |
|
Instituto Tecnológico de Teléfonos de México, S.C |
Trainning & research services |
1,000 |
100.00 |
|
Multicomunicación Integral, S.A. de C.V. |
Trunking, installation & sales services |
665,759 |
100.00 |
|
Operadora Mercantil, S.A. de C.V. |
Marketing services |
50,000 |
100.00 |
|
Renta de Equipo, S.A. de C.V. |
Equipment, vehicles & real estate leasing |
15,377,595,000 |
100.00 |
|
Servicios Administrativos Tecmarketing, SA de CV |
Software development, sales & management |
140,687,728 |
100.00 |
|
Tecmarketing, S.A. de C.V. |
Telemarketing services |
6,850,000 |
100.00 |
|
Telecomunicaciones Controladora de Servicios, S.A. |
Investments in all types of businesses |
138,839 |
100.00 |
|
Teleconstructora, S.A. de C.V. |
Construction & maint. of telephone network |
19,400,000 |
100.00 |
|
Teléfonos del Noroeste, S.A. de C.V. |
Telecommunication services |
110,000,000 |
100.00 |
|
Telmex Holdings, Inc. |
Telecommunication services |
1,000 |
100.00 |
|
Teninver, S.A. de C.V. |
Investments in all types of businesses |
835,796,722 |
100.00 |
|
Uninet, S.A. de C.V. |
Data transmission services |
65,837,647 |
100.00 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 3b
SHARE INVESTMENTS AFFILATES
Consolidated
Final printing
---
|
COMPANY NAME |
MAIN ACTIVITIES |
NUMBER OF SHARES |
OWNERSHIP % |
TOTAL AMOUNT (Thousands of Mexican Pesos) |
|
|
ACQUISITION COST |
PRESENT VALUE |
||||
|
Grupo Telvista, S.A. de C.V. |
Telemarketing in Mexico and USA |
510,138,000 |
45.00 |
510,138 |
907,973 |
|
Centro Histórico de la Ciudad de México, SA de CV |
Real estate services |
16,004,000 |
12.79 |
80,020 |
102,239 |
|
2Wire, Inc. |
Broadband Services |
8,619,242 |
13.00 |
648,400 |
301,035 |
|
TM and MS, L.L.C. |
Internet portal (Prodigy MSN) |
1 |
50.00 |
29,621 |
177,786 |
|
Eidon Software, S.A. de C.V. |
Software development |
76,629,615 |
49.00 |
155,737 |
161,857 |
|
TOTAL INVESTMENT IN ASSOCIATES |
|
|
|
1,423,916 |
1,650,890 |
|
OTHER PERMANENT INVESTMENTS |
|
|
|
|
124,490 |
|
T O T A L |
|
|
|
|
1,775,380 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 5
CREDITS BREAKDOWN
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
Credit Type / Institution |
Foreign Institution |
Signature date |
Amortization Date |
Interest Rate |
Amortization of Credits Denominated in Pesos |
Amortization of Credits in Foreign Currency |
||||||||||
|
|
|
|
|
|
Time Interval |
|
|
|
|
Time Interval |
|
|
|
|
||
|
|
|
|
|
|
Current Year |
Until 1 Year |
Until 2 Year |
Until 3 Year |
Until 4 Year |
Until 5 Years or more |
Current Year |
Until 1 Year |
Until 2 Year |
Until 3 Year |
Until 4 Year |
Until 5 Years or more |
|
BANKS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOREIGN TRADE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EXPORT DEVELOPMENT C. (1) |
Y |
16/03/2006 |
22/07/2014 |
0.7697 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
182,486 |
182,486 |
142,004 |
142,004 |
47,007 |
|
MIZUHO CORPORATE BANK LTD (1) |
Y |
15/01/2007 |
10/03/2018 |
0.7760 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
827,059 |
827,060 |
827,060 |
827,060 |
2,851,093 |
|
NATIXIS (3) |
Y |
28/02/1986 |
31/03/2022 |
2.0000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
27,735 |
27,734 |
27,734 |
27,735 |
127,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURED DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMERCIAL BANK |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANAMEX, S.A. (4) |
N/A |
21/02/2007 |
22/02/2010 |
4.8250 |
0 |
1,500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
BANK OF AMERICA, N.A. (2) |
Y |
13/06/2008 |
13/06/2014 |
0.6006 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
261,174 |
391,761 |
|
BBV ARGENTARIA (6) |
Y |
12/02/2008 |
18/02/2014 |
0.6075 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
2,792,724 |
|
BBVA BANCOMER (4) |
N/A |
26/02/2007 |
26/02/2010 |
4.8650 |
0 |
1,300,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
BBVA BANCOMER (2) |
Y |
30/06/2006 |
30/06/2010 |
0.4506 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
3,264,675 |
0 |
0 |
0 |
0 |
|
BBVA BANCOMER (2) |
Y |
30/06/2006 |
30/06/2012 |
0.5006 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
3,264,675 |
0 |
0 |
|
CITIBANK, N.A. (2) |
Y |
11/08/2006 |
20/10/2011 |
0.5006 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
13,058,700 |
0 |
0 |
0 |
|
CITIBANK, N.A. (2) |
Y |
11/08/2006 |
11/08/2013 |
0.5756 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
3,047,030 |
6,094,060 |
0 |
|
CISCO SYSTEMS (3) |
Y |
25/04/2007 |
19/11/2013 |
4.5000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
261,174 |
261,174 |
235,057 |
208,939 |
78,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTROS |
N/A |
00/01/1900 |
00/01/1900 |
0.0000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
OTHER |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL BANKS |
|
|
|
|
0 |
2,800,000 |
0 |
0 |
0 |
0 |
0 |
4,563,129 |
14,357,154 |
7,543,560 |
7,560,972 |
6,288,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCK MARKET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LISTED STOCK EXCHANGE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNSECURED DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CERT. BURSAT TELMEX 02-4(3) |
N/A |
31/05/2002 |
31/05/2012 |
10.2000 |
0 |
0 |
0 |
300,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 06 (5) |
N/A |
21/09/2006 |
15/09/2011 |
5.0550 |
0 |
0 |
500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 07 (3) |
N/A |
23/04/2007 |
16/03/2037 |
8.3600 |
0 |
0 |
0 |
0 |
0 |
5,000,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 07-2 (4) |
N/A |
23/04/2007 |
16/04/2012 |
4.8150 |
0 |
0 |
0 |
4,500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 08 (3) |
N/A |
21/04/2008 |
05/04/2018 |
8.2700 |
0 |
0 |
0 |
0 |
0 |
1,600,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 09 (4) |
N/A |
10/07/2009 |
07/07/2011 |
5.6550 |
0 |
0 |
4,000,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 09-2 (4) |
N/A |
10/07/2009 |
04/07/2013 |
5.8650 |
0 |
0 |
0 |
0 |
4,000,000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 09-3 (4) |
N/A |
03/11/2009 |
30/10/2014 |
5.8650 |
0 |
0 |
0 |
0 |
0 |
4,000,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
CERT. BURSAT TELMEX 09-4 (4) |
N/A |
03/11/2009 |
27/10/2016 |
6.1650 |
0 |
0 |
0 |
0 |
0 |
2,000,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
5 1/2 SENIOR NOTES (3) |
Y |
27/01/2005 |
27/01/2015 |
5.5000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
10,426,066 |
|
4 3/4 SENIOR NOTES (3) |
Y |
27/01/2005 |
27/01/2010 |
4.7500 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
12,405,765 |
0 |
0 |
0 |
0 |
|
5 1/2 SENIOR NOTES (3) |
Y |
12/11/2009 |
15/11/2019 |
5.5000 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
6,529,350 |
|
8 3/4 SENIOR NOTES PESOS (3) |
N/A |
31/01/2006 |
31/01/2016 |
8.7500 |
0 |
0 |
0 |
0 |
0 |
4,500,000 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURED DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PRIVATE PLACEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNSECURED DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURED DEBT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL STOCK EXCHANGE |
|
|
|
|
0 |
0 |
4,500,000 |
4,800,000 |
4,000,000 |
17,100,000 |
0 |
12,405,765 |
0 |
0 |
0 |
16,955,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SUPPLIERS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SUPPLIERS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER LONG AND SHORT TERM LOANS WITH COST (S103) AND (S30) |
|
|
|
|
|
|
|
|
|
|||||||
|
OTHER LOANS WITH COST |
N/A |
|
|
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
TOTAL OTHER LONG AND SHORT TERM LOANS WITH COST (S103) AND (S30) |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER CURRENT LIABILITIES WITHOUT COST (S26) |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
OTHER LIABILITIES WITHOUT COST (S26) |
0 |
0 |
0.0000 |
0 |
15,308,363 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
TOTAL OTHER CURRENT LIABILITIES WITHOUT COST |
0 |
15,308,363 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
0 |
18,108,363 |
4,500,000 |
4,800,000 |
4,000,000 |
17,100,000 |
0 |
16,968,894 |
14,357,154 |
7,543,560 |
7,560,972 |
23,243,768 |
Notes:
A.- Interest rates:
The credits breakdown is presented with an integrated rate as follows:
(1) 6 months USD Libor rate plus margin
(2) 3 months USD Libor rate plus margin
(3) Fixed Rate
(4) 28 days TIIE rate plus margin
(5) 91 days TIIE rate plus margin
(6) 3 months JPY LIBOR plus margin
B.- The following rates were considered:
- Libor at 6 months in US dollars is equivalent to 0.4297 at December 31, 2009
- Libor at 3 months in US dollars is equivalent to 0.2506 at December 31, 2009
- TIIE at 28 days is equivalent to 4.9150 at December 31, 2009
- TIIE at 91 days is equivalent to 5.0750 at December 31, 2009
- Libor at 3 months in JPY is equivalent to 0.2775 at December 31, 2009
C.- The suppliers' Credits are reclassified to Bank Loans because in this document, Emisnet, Long-Term opening to Suppliers' does not exist.
D.- Liabilities in foreign currency were exchanged at the prevailing exchange rate at the end of the reporting period, which at December 31, 2009 were as follows:
|
CURRENCY |
AMOUNT |
E.R. |
|
DOLLAR (USD) |
5,103,362 |
13.06 |
|
EURO (EUR) |
12,722 |
18.74 |
|
JAPANNESE YEN (JPY) |
19,891,200 |
0.14 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 6
FOREIGN EXCHANGE MONETARY POSITION
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
FOREIGN CURRENCY POSITION |
DOLLARS |
OTHER CURRENCIES |
TOTAL |
||
|
THOUSAND DOLLARS |
THOUSAND PESOS |
THOUSAND DOLLARS |
THOUSAND PESOS |
THOUSAND PESOS |
|
|
MONETARY ASSETS |
668,711 |
8,732,500 |
0 |
0 |
8,732,500 |
|
|
|
|
|
|
|
|
LIABILITIES |
5,204,838 |
67,968,419 |
232,161 |
3,031,730 |
71,000,149 |
|
SHORT-TERM LIABILITIES |
1,398,785 |
18,266,311 |
2,173 |
28,384 |
18,294,695 |
|
LONG-TERM LIABILITIES |
3,806,053 |
49,702,108 |
229,988 |
3,003,346 |
52,705,454 |
|
|
|
|
|
|
|
|
NET BALANCE |
(4,536,127) |
(59,235,919) |
(232,161) |
(3,031,730) |
(62,267,649) |
Notes:
Assets and Liabilities in foreign currency were exchanged at the prevailing exchange rate at the end of the reporting period.
At the end of the quarter the exchange rates were as follows:
|
CURRENCY |
E.R. |
|
DOLLAR (USD) |
13.06 |
|
EURO |
18.74 |
|
JAPANESE YEN |
0.14 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 7
CALCULATION AND RESULT FROM MONETARY POSITION
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
MONTH |
MONETARY ASSETS |
MONETARY LIABILITIES |
(ASSETS) LIABILITIES MONETARY POSITION |
MONTHLY INFLATION |
MONTHLY EFFECT (ASSET) LIABILITIES |
|
|
|
|
|
|
|
|
JANUARY |
0 |
0 |
0 |
0.00 |
0 |
|
FEBRUARY |
0 |
0 |
0 |
0.00 |
0 |
|
MARCH |
0 |
0 |
0 |
0.00 |
0 |
|
APRIL |
0 |
0 |
0 |
0.00 |
0 |
|
MAY |
0 |
0 |
0 |
0.00 |
0 |
|
JUNE |
0 |
0 |
0 |
0.00 |
0 |
|
JULY |
0 |
0 |
0 |
0.00 |
0 |
|
AUGUST |
0 |
0 |
0 |
0.00 |
0 |
|
SEPTEMBER |
0 |
0 |
0 |
0.00 |
0 |
|
OCTOBER |
0 |
0 |
0 |
0.00 |
0 |
|
NOVEMBER |
0 |
0 |
0 |
0.00 |
0 |
|
DECEMBER |
0 |
0 |
0 |
0.00 |
0 |
|
RESTATEMENT |
0 |
0 |
0 |
0.00 |
0 |
|
CAPITALIZATION |
0 |
0 |
0 |
0.00 |
0 |
|
FOREIGN CORP. |
0 |
0 |
0 |
0.00 |
0 |
|
OTHER |
0 |
0 |
0 |
0.00 |
0 |
|
TOTAL |
|
|
|
|
0 |
|
|
|
|
|
|
|
|
FIGURES FOR INFORMATION PURPOSES: |
|
|
|
||
Notes:
Not applicable
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 8
DEBT INSTRUMENTS
Consolidated
Final printing
---
|
RESTRICTIONS
Part of the long-term debt is subject to certain restrictive covenants with respect to maintaining certain financial ratios and the sale of assets, among others.
A portion of the debt is also subject to early maturity or repurchase at the option of the holders in the event of change of control of the Company, as defined in the related instruments. The definition of change of control varies from instrument to instrument; however, no change in control shall be considered to have occurred as long as Carso Global Telecom, S.A.B. de C.V. (TELMEX's controlling company) or its current stockholders continue to hold the majority of the Company's voting shares.
|
|
CURRENT SITUATION |
|
At December 31, 2009, the Company has complied with such restrictive covenants. |
----
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 9
PLANTS, - COMMERCIAL, DISTRUBUTION AND/OR SERVICE CENTERS -
Consolidated
Final printing
---
|
PLANT OR CENTER |
ECONOMIC ACTIVITY |
PLANT CAPACITY |
UTILIZATION (%) |
|
NOT AVAILABLE |
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 10
RAW MATERIALS
Consolidated
Final printing
---
|
DOMESTIC |
MAIN SUPPLIERS |
IMPORT |
MAIN SUPPLIERS |
DOM. SUBST. |
PRODUCTION COST (%) |
|
NOT AVAILABLE |
|
|
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 11a
SALES DISTRIBUTION BY PRODUCT
SALES
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
MAIN PRODUCTS |
NET SALES |
MARKET PART. (%) |
MAIN TRADEMARKS |
CUSTOMERS |
|
|
VOLUME |
AMOUNT |
||||
|
DOMESTIC SALES |
|
|
|
|
|
|
LOCAL SERVICE |
0 |
45,027,811 |
0.0 |
|
|
|
LONG DISTANCE SERVICE |
0 |
17,577,165 |
0.0 |
|
|
|
INTERCONNECTION |
0 |
16,572,941 |
0.0 |
|
|
|
CORPORATE NETWORKS |
0 |
14,737,335 |
0.0 |
|
|
|
INTERNET |
0 |
15,777,502 |
0.0 |
|
|
|
OTHERS |
0 |
4,720,384 |
0.0 |
|
|
|
FOREIGN SALES |
|
|
|
|
|
|
NET SETTLEMENT |
0 |
2,579,037 |
0 |
|
|
|
LONG DISTANCE SERVICE |
0 |
648,588 |
0 |
|
|
|
INTERNET |
0 |
302,878 |
0 |
|
|
|
OTHERS |
0 |
1,156,571 |
0 |
|
|
|
TOTAL |
|
119,100,212 |
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 11b
SALES DISTRIBUTION BY PRODUCT
FOREIGN SALES
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
MAIN PRODUCTS |
NET SALES |
DESTINATION |
MAIN TRADEMARKS |
CUSTOMERS |
|
|
VOLUME |
AMOUNT |
||||
|
EXPORT |
|
|
|
|
|
|
NET SETTLEMENT |
0 |
2,579,037 |
|
|
|
|
CORPORATE NETWORKS |
0 |
204,786 |
|
|
|
|
OTHERS |
0 |
578 |
|
|
|
|
FOREIGN SUBSIDIARIES |
|
|
|
|
|
|
LONG DISTANCE SERVICE |
0 |
648,588 |
|
|
|
|
INTERNET |
0 |
98,092 |
|
|
|
|
OTHERS |
0 |
1,155,993 |
|
|
|
|
TOTAL |
|
4,687,074 |
|
|
|
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANALYSIS OF PAID CAPITAL STOCK
Consolidated
Final printing
---
|
SERIES |
NOMINAL VALUE |
VALID COUPON |
NUMBER OF SHARES |
MEXICAN |
PUBLIC SUSCRIPTION |
CAPITAL STOCK (Thousand pesos) |
||
|
FIXED PORTION |
VARIABLE PORTION |
FIXED |
VARIABLE |
|||||
|
A |
0.00432 |
0 |
395,105,517 |
0 |
0 |
395,105,517 |
1,706 |
0 |
|
AA |
0.00432 |
0 |
8,114,596,082 |
0 |
8,114,596,082 |
0 |
35,035 |
0 |
|
L |
0.00432 |
0 |
9,682,190,661 |
0 |
0 |
9,682,190,661 |
41,804 |
0 |
|
TOTAL |
|
|
18,191,892,260 |
0 |
8,114,596,082 |
10,077,296,178 |
78,545 |
0 |
|
|
||||||||
|
TOTAL NUMBER OF SHARES REPRESENTING CAPITAL STOCK ON THE REPORTING DATE OF THE INFORMATION: |
18,191,892,260 |
|||||||
|
|
||||||||
|
NOTES: The nominal value per share is $0.0043175625 MXN |
||||||||
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 13
PROJECT INFORMATION
(Thousands of Mexican Pesos)
Consolidated
Final printing
---
|
ITEM |
Thousand of Mexican Pesos |
Amount used 2009 |
Budget 2009 |
% of Advance |
|
|
4th. Quarter 09 Oct-Dec |
% of Advance |
||||
|
|
|
|
|
|
|
|
DATA |
681,654 |
17.8 |
4,548,695 |
3,826,413 |
118.9 |
|
INTERNAL PLANT |
11,216 |
3.2 |
333,923 |
352,963 |
94.6 |
|
NETWORKS |
167,521 |
32.2 |
753,081 |
519,920 |
144.8 |
|
TRANSMISSION NETWORK |
98,653 |
5.3 |
1,512,744 |
1,861,949 |
81.2 |
|
SYSTEMS |
55,654 |
28.7 |
165,408 |
194,076 |
85.2 |
|
OTHERS |
596,361 |
48.9 |
1,668,874 |
1,218,385 |
137.0 |
|
TELMEX USA |
414 |
1.6 |
14,994 |
26,294 |
57.0 |
|
|
|
|
|
|
|
|
TOTAL INVESTMENT TELMEX MEXICO |
1,611,473 |
20.1 |
8,997,719 |
8,000,000 |
112.5 |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
ANNEX 14
TRANSACTIONS IN FOREIGN CURRENCY AND EXCHANGE OF FINANCIAL STATEMENTS FROM FOREIGN OPERATIONS
Consolidated
Final printing
---
Exchange rate variations
Transactions in foreign currencies are recorded at the exchange rate applicable at the time of its occurrence. The assets and liabilities in foreign currencies are valued at the exchange rate of the balance sheet date. The exchange rate differences between the execution date and the payment date, as well as those arising from the conversion of balances denominated in foreign currencies at the date of the financial statements, are applied to results.
Translation of financial statements of foreign companies
The financial statements of subsidiaries and associated companies located abroad are consolidated or the method of participation is recognized, as appropriate, after the financial statements are translated into the Mexican financial reporting standards in the relevant local currency, and conversion to the report currency. The conversion of monetary assets and liabilities in the financial statements of our associate and subsidiary, were translated into Mexican pesos at the exchange rate prevailing at year-end, stockholders' equity accounts at the exchange rate prevailing on the date the capital contributions were made and profits were generated; revenues, costs and expenses to the historical exchange rate and the difference resulting from the conversion process is recognized in the "Effect of conversion of foreign entities" which is included in the stockholders' equity, "other items of income earned" section.
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
COMPLIANCE WITH THE REQUIREMENT ISSUED BY THE COMISION BANCARIA Y DE VALORES (BANKING AND SECURITIES COMMISSION OF MEXICO)
Consolidated
Final printing
---
As of December 31, 2009, Teléfonos de México, S.A.B. de C.V. (the “Company”) had cross currency swap agreements in the equivalent of U.S.$ 4,178 million, which have hedged the exchange rate and interest rate risks related to the bonds with maturity in 2010 and 2015 for a total amount of U.S.$ 1,495 million and bank loans with maturity from 2010 to 2018 for a total amount of U.S.$ 2,683 millon. These hedges allowed us to fix the exchange rate of our debt on a weighted average exchange rate of $ 10.5892 Mexican pesos per US dollar, as well as to partially set a fixed rate with a range between 7.52% for bonds maturing in 2010 and 8.57% for bonds maturing in 2015 and for other cases, an average interest rate of 28-day TIIE less 26 basis points. During this quarter we did not have any early termination on cross currency swaps agreements.
At the end of the fourth quarter, the Company had forward agreements for U.S.$ 245 million at a weighted average exchange rate of $ 13.2812 Mexican pesos per dollar. These agreements hedged partially a U.S,$ 950 million bond with maturity on January 2010.
Additionally, the Company had interest rate swaps in Mexican pesos for Ps.$23,752 million to hedge the floating rate risk in local currency fixing it at an average of 8.19%.
These transactions have been carried out based on the Company’s policies, strategies and guidelines that are explained below.
I. Qualitative and quantitative Information
i. Policies for using derivative instruments
Objective to enter into derivative transactions and selected instruments
With the purpose of reducing the risks related to the variations of exchange rate and interest rate, the Company uses derivative instruments connecting the hedges to the contracted debt. The derivative instruments that have been selected are mainly:
(a) instruments for purchasing US dollars at a specified future time (forwards);
(b) instruments that involve the exchange of principal and interest from one currency to another (cross currency swaps); and
(c) instruments to fix the floating interest rates of the debt (interest rate swaps).
Hedge strategies
When the market conditions are favorable, the Company’s Management determines the amounts and objective parameters considered in the hedging agreements. This strategy seeks to reduce the risk exposure of abnormal fluctuations in the market of the main variables that affect our debt, including exchange rate and interest rate, to maintain a solid and healthy financial structure.
These strategies of hedging financial risks are included in the Corporate Governance Guidelines adopted by the Company, and its application is authorized by the Audit Committee.
Trading markets and eligible counterparts
The financial institutions and counterparts with which the Company enters into such derivative instruments are considered to have a proven reputation and solvency in the market, which allows us to balance our risk positions with such counterparts. Also, the Company only uses derivative instruments that are of common use in the markets, and therefore, can be quoted by two or more financial institutions to assure the best conditions in the negotiation.
Policies for the appointment of calculation and valuation agents
Given that the Company uses derivative instruments of common use in the market, it appoints a third party that is responsible to provide the market price of such instruments. These prices are compared by the Company with the ones provided by the financial intermediaries; and, in certain transactions,the counterpart is able to act as valuation agent under the applicable documentation if it is a financial institution with a proven reputation.
Main terms and conditions of the agreements
It is a policy of the Company that the amount, date and interest rate conditions of the debt to be hedged, if possible, have to coincide with the terms of the hedges, that is usual for this type of transactions in the different markets where it operates. All the transactions with derivative instruments are made under the ISDA Master Agreement (International Swap Dealers Association) standardized and duly executed by the legal representatives of the Company and the financial institutions, and in the case of counterparts in México, pursuant to the uses and practices of the market in our country.
In some cases, the Company has entered into an accessory agreement to the ISDA Master Agreement with the financial institutions, the Credit Support Annex, which sets forth an obligation to grant collaterals for margin calls in case the mark-to market value exceeds certain established credit limits (threshold amount). The Company has the policy to keep a close watch of the volume of the transactions entered with each financial institution in order to avoid, if possible, any margin call.
The strategy for hedging financial risks is discussed and approved by the Audit Committee. Subsequently, the Board of Directors is informed for its knowledge and ratification. The Treasury is in charge of its implementation and is supervised by the Company’s Chief Financial Officer.
Both, the fulfillment of the Corporate Governance Guidelines and the measurement of effectiveness of the derivative instruments, to comply with the financial reporting standards, are discussed with the external auditors that validate the correct accounting application of the effect of such instruments in the income statement and the balance sheet.
ii. Generic description of the valuation techniques
As previously stated, derivative instruments are carried out by the Company only for hedging purposes. The measurement of the effectiveness of the hedges is made in a prospective and retrospective manner. For the prospective valuation, we use statistic techniques that allow us to measure in what proportion the change in the value of the hedged debt (primary position) is compensated by the change in the value of the derivative instrument. The retrospective valuation is made by comparing the historic results of the debt flows with the flows of the respective hedges.
iii. Internal and external liquidity sources to meet the requirements related to derivative instruments
It is estimated that the Company’s cash generation has been enough to service debt and the established derivative instruments to hedge the risks associated with such debt.
iv. Changes in the exposure to the main identified risks and its management
The identified risks are those related to the variations of the exchange rate and interest rate. Given the direct relationship between the hedged debt and the derivative instruments and that they do not have any variables that could affect or terminate the hedge in advance, the Company does not foresee any risk that such hedges could differ from the original purpose for which the hedges were established.
In the fourth quarter of 2009, it was recognized in the statements of income a net charge of Ps. 2,276 million and an accrued net charge at the end of December of Ps. 2.135 million for exchange rate hedges. Furthermore, it was recognized in the statements of income a net charge of Ps. 421 million and an accrued net charge at the end of December of Ps. 2,057 million for interest rate hedges.
During the fourth quarter, there have not been any margin calls.
To date, there has not been any breach in the terms and conditions of the respective agreements.
v. Quantitative information
See TABLE 1 attached.
II. SENSITIVITY ANALYSIS
In the case of the Company, the sensitivity analysis does not apply for the derivative instruments, since they are only carried out for hedging purposes.
|
Derivative Instruments Summary |
|||||||||
|
Figures in thousands of Mexican Pesos and US Dollars |
|||||||||
|
|
|||||||||
|
Type of Derivative |
Purpose of Hedging, Negotiation or Others |
Notional Amount |
Value of Underlying Asset Variable of Reference |
Fair Value |
Maturity Amounts per year |
Collateral / Lines of Credit (*) |
|||
|
Current Quarter |
Previous Quarter |
Current Quarter |
Previous Quarter |
Current Quarter |
Previous Quarter |
||||
|
|
|||||||||
|
Exchange rate hedges (Principal and interests) |
|||||||||
|
|
|
USD |
USD |
TIIE |
TIIE |
MXN |
MXN |
|
|
|
Cross Currency Swap |
Hedging |
3,964,024 |
3,994,024 |
4.9150 |
4.9300 |
11,387,622 |
13,100,448 |
(1) |
|
|
|
|
EXCHANGE RATE |
EXCHANGE RATE |
|
|
|
|
||
|
13.0587 |
13.5042 |
||||||||
|
Subtotal |
|
3,964,024 |
3,994,024 |
|
|
11,387,622 |
13,100,448 |
|
|
|
|
|||||||||
|
|
|
USD |
USD |
EXCHANGE RATE |
EXCHANGE RATE |
|
|
|
|
|
Forwards |
Hedging |
245,000 |
370,000 |
13.0587 |
13.5042 |
(119,719) |
7,380 |
(2) |
|
|
|
|||||||||
|
Total |
|
4,209,024 |
4,364,024 |
|
|
11,267,903 |
13,107,828 |
|
|
|
|
|||||||||
|
|
|
YEN |
YEN |
TIIE |
TIIE |
|
|
|
|
|
Cross Currency Swap |
Hedging |
19,891,200 |
19,891,200 |
4.9150 |
4.9300 |
837,927 |
1,040,420 |
(3) |
|
|
|
|
|
|
EXCHANGE RATE |
EXCHANGE RATE |
|
|
|
|
|
|
|
|
|
0.1404 |
0.1507 |
|
|
|
|
|
|
|||||||||
|
Exchange Rate Hedges (interests only) |
|||||||||
|
|
|
USD |
USD |
TIIE |
TIIE |
|
|
|
|
|
Cross Currency Coupon Swap |
Hedging |
50,000 |
350,000 |
4.9150 |
4.9300 |
(390) |
(7,346) |
(4) |
|
|
|
|
|
|
EXCHANGE RATE |
EXCHANGE RATE |
|
|
|
|
|
|
|
|
|
13.0587 |
13.5042 |
|
|
|
|
|
|
|||||||||
|
Interest Rate Hedges (Floating ratio to fixed rate) |
|||||||||
|
|
|
MXN |
MXN |
TIIE |
TIIE |
MXN |
MXN |
|
|
|
Interest Rate Swap |
Hedging |
23,752,125 |
23,752,125 |
4.9150 |
4.9300 |
(728,800) |
(765,033) |
(5) |
|
|
|
|||||||||
|
|
|
|
|
|
TOTAL |
11,376,640 |
13,375,869 |
|
|
*) Of our hedge agreements, 65% of the total hedge amount include margin calls when the market value exceeds the amounts of the lines of credit that we have for the amount of USD $ 290 million.
(1) These swaps, hedge the debt position in US dollars, with the obligation of paying floating rate in Mexican pesos at an average of TIIE less 26 basic points and with an average life of 3 years.
(2) This forward position mainly hedges debt position in US dollars with maturity in January 2010.
(3) This swap, hedge debt position in Yens with the obligation of paying in Mexican pesos $ 2,000 million (equivalent to USD $ 214 million) at a floating rate and mature on February 2014.
(4) These swaps hedge the interest payment of debt in US dollars, with the obligation of paying floating rate in Mexican pesos at an average of TIIE less a margin and with maturities up to 2010.
(5) These agreements hedge debt position in Mexican pesos at a floating rate, fixing it at an average of 8.19% and with an average life of 5 years.
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
GENERAL INFORMATION
Consolidated
Final printing
---
ISSUER GENERAL INFORMATION
|
COMPANY: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: INTERNET PAGE: |
TELEFONOS DE MEXICO, S.A.B. DE C.V. PARQUE VIA 198, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 12 12 www.telmex.com |
ISSUER FISCAL INFORMATION
|
TAX PAYER FEDERAL ID: FISCAL ADDRESS: ZIP: CITY: |
TME 840315KT6 PARQUE VIA 198, COL. CUAUHTEMOC 06599 MEXICO, D.F. |
OFFICERS INFORMATION
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
CHAIRMAN OF THE BOARD CHAIRMAN OF THE BOARD LIC. CARLOS SLIM DOMIT AV. SAN FERNANDO No.649, COL. PEÑA POBRE 14060 MEXICO, D.F. 53 25 98 01 55 73 31 77 slimc@sanborns.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
CHIEF EXECUTIVE OFFICER CHIEF EXECUTIVE OFFICER LIC. HECTOR SLIM SEADE PARQUE VIA 190 - 10TH. FLOOR OFFICE 1004, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 15 86 55 45 55 50 hslim@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
CHIEF FINANCIAL OFFICER CHIEF FINANCIAL OFFICER ING. ADOLFO CEREZO PEREZ PARQUE VIA 190 - 10TH. FLOOR OFFICE 1016, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 57 80 52 55 15 76 acerezo@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF CORPORATE INFORMATION DELEGATE COMPTROLLER LIC. ROLANDO REYNIER VALDES PARQUE VIA 198 - 5TH. FLOOR OFFICE 502, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 92 92 57 05 62 31 rreynier@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF BUYBACK INFORMATION DELEGATE SHAREHOLDER SERVICES MANAGER LIC. MIGUEL ANGEL PINEDA CATALAN PARQUE VIA 198 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 53 22 55 46 21 11 mpineda@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
IN-HOUSE LEGAL COUNSEL LEGAL DIRECTOR LIC. SERGIO F. MEDINA NORIEGA PARQUE VIA 190 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 14 25 55 46 43 74 smedinan@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF FINANCIAL INFORMATION DELEGATE COMPTROLLER LIC. ROLANDO REYNIER VALDES PARQUE VIA 198 - 5TH. FLOOR OFFICE 502, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 92 92 57 05 62 31 rreynier@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
DISTRIBUTION OF MATERIAL FACTS DELEGATE SHAREHOLDER SERVICES MANAGER LIC. MIGUEL ANGEL PINEDA CATALAN PARQUE VIA 198 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 53 22 55 46 21 11 mpineda@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
INVESTOR INFORMATION RESPONSIBLE INVESTORS RELATIONS MANAGER LIC. ANNA DOMINGUEZ GONZALEZ PARQUE VIA 198 - 7TH. FLOOR OFFICE 701, COL. CUAUHTEMOC 06599 MEXICO, D.F. 57 03 39 90 55 45 55 50 ri@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
SECRETARY OF THE BOARD OF DIRECTORS LEGAL DIRECTOR LIC. SERGIO F. MEDINA NORIEGA PARQUE VIA 190 - 2ND. FLOOR OFFICE 202, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 14 25 55 46 43 74 smedinan@telmex.com |
|
POSITION BMV: POSITION: NAME: ADDRESS: ZIP: CITY: TELEPHONE: FAX: E-MAIL: |
PAYMENT RESPONSIBLE COMPTROLLER LIC. ROLANDO REYNIER VALDES PARQUE VIA 198 - 5TH. FLOOR OFFICE 502, COL. CUAUHTEMOC 06599 MEXICO, D.F. 52 22 92 92 57 05 62 31 rreynier@telmex.com |
---
MEXICAN STOCK EXCHANGE
SIFIC/ICS
STOCK EXCHANGE CODE: TELMEX QUARTER: 4 YEAR: 2009
TELÉFONOS DE MÉXICO, S.A.B. DE C.V.
BOARD OF DIRECTORS
Consolidated
Final printing
---
|
POSITION |
NAME |
|||
|
CHAIRMAN OF THE BOARD |
LIC. |
CARLOS |
SLIM |
DOMIT |
|
CO-CHAIRMAN |
ING. |
JAIME |
CHICO |
PARDO |
|
VICE CHAIRMAN (INDEPENDENT) |
C.P. |
JUAN ANTONIO |
PEREZ |
SIMON |
|
BOARD PROPIETORS (INDEPENDENT) |
ING. |
ANTONIO |
COSIO |
ARIÑO |
|
BOARD PROPIETORS (INDEPENDENT) |
DRA. |
AMPARO |
ESPINOSA |
RUGARCIA |
|
BOARD PROPIETORS (INDEPENDENT) |
ING. |
ELMER |
FRANCO |
MACIAS |
|
BOARD PROPIETORS (INDEPENDENT) |
LIC. |
ANGEL |
LOSADA |
MORENO |
|
BOARD PROPIETORS (INDEPENDENT) |
LIC. |
JOSE |
KURI |
HARFUSH |
|
BOARD PROPIETORS |
LIC. |
MARCO ANTONIO |
SLIM |
DOMIT |
|
BOARD PROPIETORS (INDEPENDENT) |
SR. |
MICHAEL |
J. |
VIOLA |
|
BOARD PROPIETORS |
LIC. |
HECTOR |
SLIM |
SEADE |
|
BOARD PROPIETORS (INDEPENDENT) |
SR. |
LARRY |
I. |
BOYLE |
|
BOARD PROPIETORS (INDEPENDENT) |
C.P. |
RAFAEL |
KALACH |
MIZRAHI |
|
BOARD PROPIETORS (INDEPENDENT) |
LIC |
RICARDO |
MARTIN |
BRINGAS |
|
BOARD ALTERNATES |
LIC. |
PATRICK |
SLIM |
DOMIT |
|
BOARD ALTERNATES |
C.P. |
JOSÉ HUMBERTO |
GUTIERREZ-OLVERA |
ZUBIZARRETA |
|
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
JORGE C. |
ESTEVE |
RECOLONS |
|
BOARD ALTERNATES (INDEPENDENT) |
ING. |
ANTONIO |
COSIO |
PANDO |
|
BOARD ALTERNATES (INDEPENDENT) |
SR. |
EDUARDO |
TRICIO |
HARO |
|
BOARD ALTERNATES (INDEPENDENT) |
ING. |
MARCOS |
FRANCO |
HERNAIZ |
|
BOARD ALTERNATES (INDEPENDENT) |
LIC. |
JAIME |
ALVERDE |
GOYA |
|
BOARD ALTERNATES |
LIC. |
EDUARDO |
VALDES |
ACRA |
|
BOARD ALTERNATES |
SR. |
JORGE A. |
CHAPA |
SALAZAR |
|
SECRETARY OF THE BOARD OF DIRECTORS |
LIC. |
SERGIO |
MEDINA |
NORIEGA |
|
ASSISTANT SECRETARY |
LIC. |
RAFAEL |
ROBLES |
MIAJA |
---
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Date: February 3, 2010. |
TELÉFONOS DE MÉXICO, S.A.B. DE C.V. By: /s/__________________ Name: Adolfo Cerezo Pérez |
Ref: TELÉFONOS DE MÉXICO, S.A.B. DE C.V. - FOURTH QUARTER 2009.