kr6k5_grupo.htm
``
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 6-K
 
REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of May, 2009
 
GRUPO TELEVISA, S.A.B.
 
(Translation of registrant’s name into English)
 
 
Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico, 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
x
Form 40-F
   
 
 
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
 
 
Yes
 
No
 
x
 
 
(If “Yes” is marked indicate below the file number assigned to the registrant in connection with Rule 12g-3-2(b): 82.)
          
 
 
 

 
MEXICAN STOCK EXCHANGE

STOCK EXCHANGE CODE:  TLEVISA  
QUARTER:      04
YEAR:   2008
GRUPO TELEVISA, S.A.B.    
 
BALANCE SHEETS
 
 
AS OF DECEMBER 31, 2008 AND 2007
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
REF
     
 
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
S
 
       Amount
      %
     Amount
        %
           
s01
TOTAL ASSETS
122,851,805
100
98,703,476
100
           
s02
CURRENT ASSETS
68,558,937
56
51,973,333
53
s03
CASH AND SHORT-TERM INVESTMENTS
41,904,331
34
27,304,896
28
s04
ACCOUNTS AND NOTES RECEIVABLE (NET)
18,199,880
15
17,294,674
18
s05
OTHER ACCOUNTS AND NOTES RECEIVABLE (NET)
2,346,795
2
2,728,917
3
s06
INVENTORIES
4,955,472
4
3,988,677
4
s07
OTHER CURRENT ASSETS
1,152,459
1
656,169
1
s08
LONG-TERM ASSETS
3,348,610
3
8,115,584
8
s09
ACCOUNTS AND NOTES RECEIVABLE (NET)
0
0
0
0
s10
INVESTMENT IN SHARES OF NON-CONSOLIDATED
       
 
SUBSIDIARIES AND ASSOCIATES
2,298,977
2
5,555,214
6
s11
OTHER INVESTMENTS
1,049,633
1
2,560,370
3
s12
PROPERTY, PLANT AND EQUIPMENT (NET)
30,798,398
25
25,853,925
26
s13
LAND AND BUILDINGS
17,214,435
14
15,947,946
16
s14
MACHINERY AND INDUSTRIAL EQUIPMENT
36,083,262
29
28,120,276
28
s15
OTHER EQUIPMENT
4,987,266
4
4,246,509
4
s16
ACCUMULATED DEPRECIATION
28,551,534
23
22,888,858
23
s17
CONSTRUCTION IN PROGRESS
1,064,969
1
428,052
0
s18
INTANGIBLE ASSETS AND DEFERRED CHARGES (NET)
11,433,783
9
7,416,073
8
s19
OTHER ASSETS
8,712,077
7
5,344,561
5
           
s20
TOTAL LIABILITIES
75,600,129
100
58,053,176
100
           
s21
CURRENT LIABILITIES
12,611,688
17
8,252,880
14
s22
SUPPLIERS
6,337,436
8
4,457,519
8
s23
BANK LOANS
2,283,175
3
488,650
1
s24
STOCK MARKET LOANS
0
0
0
0
s103
OTHER LOANS WITH COST
138,806
0
97,696
0
s25
TAXES PAYABLE
830,073
1
684,497
1
s26
OTHER CURRENT LIABILITIES WITHOUT COST
3,022,198
4
2,524,518
4
s27
LONG-TERM LIABILITIES
37,852,746
50
25,468,521
44
s28
BANK LOANS
9,390,239
12
9,194,658
16
s29
STOCK MARKET LOANS
27,289,650
36
15,238,729
26
s30
OTHER LOANS WITH COST
1,172,857
2
1,035,134
2
s31
DEFERRED LIABILITIES
18,688,012
25
19,810,238
34
s32
OTHER NON-CURRENT LIABILITIES WITHOUT COST
6,447,683
9
4,521,537
8
           
s33
STOCKHOLDERS' EQUITY
47,251,676
100
40,650,300
100
           
s34
MINORITY INTEREST
5,232,834
11
3,611,187
9
s35
MAJORITY INTEREST
42,018,842
89
37,039,113
91
s36
CONTRIBUTED CAPITAL
14,608,894
31
14,815,514
36
s79
CAPITAL STOCK
10,060,950
21
10,267,570
25
s39
PREMIUM ON  ISSUANCE OF SHARES
4,547,944
10
4,547,944
11
s40
CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES
0
0
0
0
s41
EARNED CAPITAL
27,409,948
58
22,223,599
55
s42
RETAINED EARNINGS AND CAPITAL RESERVES
32,073,325
68
35,671,617
88
s44
OTHER ACCUMULATED COMPREHENSIVE RESULT
645,050
1
(5,508,952)
(14)
s80
SHARES REPURCHASED
(5,308,427)
(11)
(7,939,066)
(20)
           
 

 
BALANCE SHEETS
 
 
BREAKDOWN OF MAIN CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
REF
     
 
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
S
 
  Amount
            %
      Amount
     %
           
s03
CASH AND SHORT-TERM INVESTMENTS
41,904,331
100
27,304,896
100
s46
CASH
35,106,060
84
25,479,541
93
s47
SHORT-TERM INVESTMENTS
6,798,271
16
1,825,355
7
           
s07
OTHER CURRENT ASSETS
1,152,459
100
656,169
100
s81
DERIVATIVE FINANCIAL INSTRUMENTS
46,588
4
2,909
0
s82
DISCONTINUED OPERATIONS
0
0
0
0
s83
OTHER
1,105,871
96
653,260
100
           
s18
INTANGIBLE ASSETS AND DEFERRED CHARGES (NET)
11,433,783
100
7,416,073
100
s48
DEFERRED EXPENSES (NET)
5,145,125
45
3,437,796
46
s49
GOODWILL
6,288,658
55
3,978,277
54
s51
OTHER
0
0
0
0
           
s19
OTHER ASSETS
8,712,077
100
5,344,561
100
s85
DERIVATIVE FINANCIAL INSTRUMENTS
2,316,560
27
53,527
1
s50
DEFERRED TAXES
0
0
0
0
s104
BENEFITS TO EMPLOYEES
0
0
0
0
s86
DISCONTINUED OPERATIONS
0
0
0
0
s87
OTHER
6,395,517
73
5,291,034
99
           
s21
CURRENT LIABILITIES
12,611,688
100
8,252,880
100
s52
FOREIGN CURRENCY LIABILITIES
5,984,666
47
3,293,775
40
s53
MEXICAN PESOS LIABILITIES
6,627,022
53
4,959,105
60
           
s26
OTHER CURRENT LIABILITIES WITHOUT COST
3,022,198
100
2,524,518
100
s88
DERIVATIVE FINANCIAL INSTRUMENTS
0
0
191,073
8
s89
ACCRUED INTEREST
439,777
15
307,814
12
s68
PROVISIONS
0
0
0
0
s90
DISCONTINUED OPERATIONS
0
0
0
0
s58
OTHER CURRENT LIABILITIES
2,382,428
79
1,770,057
70
s105
BENEFITS TO EMPLOYEES
199,993
7
255,574
10
           
s27
LONG-TERM LIABILITIES
37,852,746
100
25,468,521
100
s59
FOREIGN CURRENCY LIABILITIES
27,852,746
74
14,306,061
56
s60
MEXICAN PESOS LIABILITIES
10,000,000
26
11,162,460
44
           
s31
DEFERRED LIABILITIES
18,688,012
100
19,810,238
100
s65
NEGATIVE GOODWILL
0
0
0
0
s67
OTHER
18,688,012
100
19,810,238
100
           
s32
OTHER NON-CURRENT LIABILITIES WITHOUT COST
6,447,683
100
4,521,537
100
s66
DEFERRED TAXES
2,265,161
35
1,272,834
28
s91
OTHER LIABILITIES IN RESPECT OF SOCIAL  INSURANCE
352,390
5
314,921
7
s92
DISCONTINUED OPERATIONS
0
0
0
0
s69
OTHER LIABILITIES
3,830,132
59
2,933,782
65
           
s79
CAPITAL STOCK
10,060,950
100
10,267,570
100
s37
CAPITAL STOCK (NOMINAL)
2,378,506
24
2,427,353
24
s38
RESTATEMENT OF CAPITAL STOCK
7,682,444
76
7,840,217
76
           
s42
RETAINED EARNINGS AND CAPITAL RESERVES
32,073,325
100
35,671,617
100
s93
LEGAL RESERVE
2,135,423
7
2,135,423
6
s43
RESERVE FOR REPURCHASE OF SHARES
0
0
1,240,869
3
s94
OTHER RESERVES
0
0
0
0
s95
RETAINED EARNINGS
22,134,250
69
24,212,862
68
s45
NET INCOME FOR THE YEAR
7,803,652
24
8,082,463
23
           
s44
OTHER ACCUMULATED COMPREHENSIVE RESULTS
645,050
100
(5,508,952)
100
s70
ACCUMULATED MONETARY RESULTS
0
0
(35,186)
1
s71
RESULTS FROM HOLDING NON-MONETARY ASSETS
0
0
(2,637,316)
48
s96
CUMULATIVE RESULTS FROM FOREIGN CURRENCY TRANSLATION
(995,855)
(154)
(1,348,579)
24
s97
CUMULATIVE RESULTS FROM DERIVATIVE FINANCIAL INSTRUMENTS
1,955
0
0
0
s98
CUMULATIVE EFFECTS OF DEFERRED INCOME TAXES
0
0
(3,224,437)
59
s100
OTHER
1,638,950
254
1,736,566
(32)
           
 
 

 
 
BALANCE SHEETS
 
 
OTHER CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
REF
     
 
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
S
 
Amount
Amount
       
s72
WORKING CAPITAL
55,947,249
43,720,453
s73
PENSIONS  AND SENIORITY PREMIUMS
1,403,335
1,628,742
s74
EXECUTIVES (*)
40
33
s75
EMPLOYEES (*)
22,488
17,777
s76
WORKERS (*)
0
0
s77
OUTSTANDING SHARES (*)
328,392,764,076
329,960,194,941
s78
REPURCHASED SHARES (*)
19,570,248,555
25,148,885,190
s101
RESTRICTED CASH
0
0
s102
NET DEBT OF NON-CONSOLIDATED COMPANIES
1,391,927
1,002,543
       
(*) THESE CONCEPTS ARE STATED IN UNITS.
 
 

 
STATEMENTS OF INCOME
 
 
FROM JANUARY 1 TO DECEMBER 31, 2008 AND 2007
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
R
 
              Amount
%
             Amount
%
           
           
r01
NET SALES
47,972,278
100
41,561,526
100
r02
COST OF SALES
25,221,943
53
20,835,387
50
r03
GROSS PROFIT
22,750,335
47
20,726,139
50
r04
GENERAL EXPENSES
7,622,528
16
6,245,243
15
r05
INCOME (LOSS) AFTER GENERAL EXPENSES
15,127,807
32
14,480,896
35
r08
OTHER INCOME AND (EXPENSE), NET
(952,139)
(2)
(953,352)
(2)
r06
INTEGRAL RESULT OF FINANCING
(830,882)
(2)
(410,214)
0
r12
EQUITY  IN NET INCOME OF NON-CONSOLIDATED
       
 
SUBSIDIARIES AND ASSOCIATES
(1,049,934)
(2)
(749,299)
(2)
r48
NON-ORDINARY ITEMS
0
0
0
0
r09
INCOME BEFORE INCOME TAXES
12,294,852
26
12,368,031
30
r10
INCOME TAXES
3,564,195
7
3,349,641
8
r11
INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS
8,730,657
18
9,018,390
22
r14
DISCONTINUED OPERATIONS
0
0
0
0
r18
NET CONSOLIDATED INCOME
8,730,657
18
9,018,390
22
r19
NET INCOME OF MINORITY INTEREST
927,005
2
935,927
2
r20
NET INCOME OF MAJORITY INTEREST
7,803,652
16
8,082,463
19
           
 
 

 
 
 
STATEMENTS OF INCOME
 
 
BREAKDOWN OF MAIN CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
R
 
           Amount
%
             Amount
%
           
           
r01
NET SALES
47,972,278
100
41,561,526
100
r21
DOMESTIC
41,176,318
86
36,532,710
88
r22
FOREIGN
6,795,960
14
5,028,816
12
r23
TRANSLATED INTO DOLLARS (***)
491,038
1
460,422
1
           
r08
OTHER INCOME AND (EXPENSE), NET
(952,139)
100
(953,352)
100
r49
OTHER INCOME AND (EXPENSE), NET
(924,794)
97
(932,531)
98
r34
EMPLOYEES' PROFIT SHARING, CURRENT
26,896
(3)
20,821
(2)
r35
EMPLOYEES' PROFIT SHARING, DEFERRED
449
(0)
0
0
           
r06
INTEGRAL RESULT OF FINANCING
(830,882)
100
(410,214)
100
r24
INTEREST EXPENSE
2,816,369
(339)
2,163,964
(528)
r42
GAIN (LOSS) ON RESTATEMENT OF UDI'S
0
0
(13,034)
3
r45
OTHER FINANCE COSTS
0
0
0
0
r26
INTEREST INCOME
1,299,789
(156)
1,844,653
(450)
r46
OTHER FINANCIAL PRODUCTS
0
0
0
0
r25
FOREIGN EXCHANGE GAIN (LOSS), NET
685,698
(83)
215,897
(53)
r28
RESULTS FROM MONETARY POSITION
0
0
(293,766)
72
           
r10
INCOME TAXES
3,564,195
100
3,349,641
100
r32
INCOME TAX, CURRENT
3,146,339
88
3,707,763
111
r33
INCOME TAX, DEFERRED
417,856
12
(358,122)
(11)
           
(***) FIGURES IN THOUSANDS OF U.S. DOLLARS AT THE EXCHANGE RATE AS OF THE END OF THE LAST REPORTED QUARTER.
 
 

 
STATEMENTS OF INCOME
 
 
OTHER CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
R
 
Amount
Amount
       
       
r36
TOTAL SALES
55,859,131
44,609,613
r37
TAX RESULT FOR THE YEAR
8,404,771
10,337,030
r38
NET SALES (**)
47,972,278
41,561,526
r39
OPERATING INCOME (**)
15,127,807
14,480,896
r40
NET INCOME OF MAJORITY INTEREST (**)
7,803,652
8,082,463
r41
NET CONSOLIDATED INCOME (**)
8,730,657
9,018,390
r47
OPERATIVE DEPRECIATION AND AMORTIZATION
4,311,115
3,223,070
       
(**)  RESTATED INFORMATION FOR THE LAST TWELVE MONTHS.
 

 
QUARTERLY STATEMENTS OF INCOME
 
 
FROM OCTOBER 1 TO DECEMBER 31, 2008 AND 2007
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
RT
 
         Amount
%
             Amount
%
           
           
rt01
NET SALES
14,471,598
100
12,407,423
100
rt02
COST OF SALES
7,434,177
51
6,029,402
49
rt03
GROSS PROFIT
7,037,421
49
6,378,021
51
rt04
GENERAL EXPENSES
2,278,559
16
1,774,586
14
rt05
INCOME (LOSS) AFTER GENERAL EXPENSES
4,758,862
33
4,603,435
37
rt08
OTHER INCOME AND (EXPENSE), NET
(338,067)
(2)
(123,746)
0
rt06
INTEGRAL RESULT OF FINANCING
499,587
3
(311,132)
(3)
rt12
EQUITY  IN NET INCOME OF NON-CONSOLIDATED
       
 
SUBSIDIARIES AND ASSOCIATES
(613,154)
(4)
(226,191)
(2)
rt48
NON-ORDINARY ITEMS
0
0
0
0
rt09
INCOME BEFORE INCOME TAXES
4,307,228
30
3,942,366
32
rt10
INCOME TAXES
1,347,012
9
903,380
7
rt11
INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS
2,960,216
20
3,038,986
24
rt14
DISCONTINUED OPERATIONS
0
0
0
0
rt18
NET CONSOLIDATED INCOME
2,960,216
20
3,038,986
24
rt19
NET INCOME OF MINORITY INTEREST
117,859
1
204,434
2
rt20
NET INCOME OF MAJORITY INTEREST
2,842,357
20
2,834,552
23
           
 

 
 
QUARTERLY STATEMENTS OF INCOME
 
 
BREAKDOWN OF MAIN CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
RT
 
           Amount
    %
            Amount
    %
           
           
rt01
NET SALES
14,471,598
100
12,407,423
100
rt21
DOMESTIC
12,313,038
85
10,996,248
89
rt22
FOREIGN
2,158,560
15
1,411,175
11
rt23
TRANSLATED INTO DOLLARS (***)
67,085
0
134,313
1
           
rt08
OTHER INCOME AND (EXPENSE), NET
(338,067)
100
(123,746)
100
rt49
OTHER INCOME AND (EXPENSE), NET
(313,079)
93
(104,998)
85
rt34
EMPLOYEES' PROFIT SHARING, CURRENT
25,172
(7)
18,748
(15)
rt35
EMPLOYEES' PROFIT SHARING, DEFERRED
(184)
0
0
0
           
rt06
INTEGRAL RESULTS OF FINANCING
499,587
100
(311,132)
100
rt24
INTEREST EXPENSE
843,495
169
701,174
(225)
rt42
GAIN (LOSS) ON RESTATEMENT OF UDI'S
0
0
0
0
rt45
OTHER FINANCE COSTS
0
0
0
0
rt26
INTEREST INCOME
213,933
43
530,111
(170)
rt46
OTHER FINANCIAL PRODUCTS
0
0
0
0
rt25
FOREIGN EXCHANGE GAIN (LOSS), NET
1,129,149
226
(15,294)
5
rt28
RESULTS FROM MONETARY POSITION
0
0
124,775
40
           
rt10
INCOME TAXES
1,347,012
100
903,380
100
rt32
INCOME TAX, CURRENT
594,417
44
912,863
101
rt33
INCOME TAX, DEFERRED
752,595
56
(9,483)
(1)
           
(***) FIGURES IN THOUSANDS OF U.S. DOLLARS AT THE EXCHANGE RATE AS OF THE END OF THE LAST REPORTED QUARTER.
 

 
 
QUARTERLY STATEMENTS OF INCOME
 
 
OTHER CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
RT
 
Amount
Amount
       
       
rt47
OPERATIVE DEPRECIATION AND AMORTIZATION
1,205,331
894,813
       
 
 

 
 
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
 
 
 
CONSOLIDATED 
 
 
 
AUDITED INFORMATION   Final Printing
           
 
CONTRIBUTED CAPITAL
EARNED CAPITAL
   
     
RETAINED EARNINGS
ACCUMULATED OTHER COMPREHENSIVE RESULT 
     
CONCEPTS
CAPITAL STOCK ISSUED
ADDITIONAL PAID-IN CAPITAL
RESERVES
EARNINGS (LOSSES) TO
APPLY
RESULT FROM HOLDING NON-MONETARY ASSETS AND DEFERRED INCOME TAXES
OTHER COMPREHENSIVE RESULT
TOTAL MAJORITY INTEREST
MINORITY INTEREST
TOTAL STOCKHOLDERS' EQUITY
BALANCE AT DECEMBER 31, 2006
10,506,856
4,547,944
2,135,423
22,990,430
(5,885,244)
2,076,867
36,372,276
1,642,601
38,014,877
APPLICATION OF THE RESULT OF THE EXERCISE TO ACCUMULATED RESULTS
0
0
0
0
0
0
0
0
0
                   
CONSTITUTION OF RESERVES
0
0
0
0
0
0
0
0
0
                   
DIVIDENDS
0
0
0
(4,506,492)
0
0
(4,506,492)
0
(4,506,492)
                   
SHARE CANCELLATION
(239,286)
0
0
0
0
0
(239,286)
0
(239,286)
                   
REPURCHASE OF SHARES
0
0
0
(50,092)
0
0
(50,092)
0
(50,092)
                   
RESERVE FOR THE ACQUISITION OF SHARES
0
0
0
(3,386,013)
0
0
(3,386,013)
0
(3,386,013)
                   
(DECREASE) INCREASE IN PREMIUM ON ISSUANCE OF SHARES
0
0
0
0
0
0
0
0
0
                   
(DECREASE) INCREASE IN MINORITY INTEREST
0
0
0
0
0
0
0
1,968,586
1,968,586
                   
COMPREHENSIVE INCOME (*)
0
0
0
8,049,811
23,491
775,418
8,848,720
0
8,848,720
BALANCE AT DECEMBER 31, 2007
10,267,570
4,547,944
2,135,423
23,097,644
(5,861,753)
2,852,285
37,039,113
3,611,187
40,650,300
RECLASSIFICATION INITIAL BALANCES RESULT FOR HOLDING OF MONETARY ASSETS AND DEFERRED TAX ON INCOME
0
0
0
0
0
0
0
0
0
                   
APPLICATION  OF THE RESULT OF THE EXERCISE TO ACCUMULATED RESULTS
0
0
0
0
0
0
0
0
0
                   
CONSTITUTION OF RESERVES
0
0
0
0
0
0
0
0
0
                   
DIVIDENDS
0
0
0
(2,229,973)
0
0
(2,229,973)
0
(2,229,973)
                   
SHARE CANCELLATION
(206,620)
0
0
0
0
0
(206,620)
0
(206,620)
                   
REPURCHASE OF SHARES
0
0
0
2,630,637
0
0
2,630,637
0
2,630,637
                   
RESERVE FOR THE ACQUISITION OF SHARES
0
0
0
(1,240,869)
0
0
(1,240,869)
0
(1,240,869)
                   
(DECREASE) INCREASE IN PREMIUM ON ISSUANCE OF SHARES
0
0
0
0
0
0
0
0
0
                   
(DECREASE) INCREASE IN MINORITY INTEREST
0
0
0
0
0
0
0
1,621,647
1,621,647
                   
COMPREHENSIVE INCOME (*)
0
0
0
(166,957)
5,861,753
331,758
6,026,554
0
6,026,554
BALANCE AT DECEMBER 31, 2008
10,060,950
4,547,944
2,135,423
22,090,482
0
3,184,043
42,018,842
5,232,834
47,251,676
 
(*) INCLUDES EARNED AND RECYCLED
 
 

 
STATEMENTS OF CHANGES IN FINANCIAL POSITION
 
 
FROM JANUARY 1 TO DECEMBER 31, 2008 AND 2007
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
C
 
AMOUNT
AMOUNT
       
c01
CONSOLIDATED NET INCOME
 
9,018,390         
c02
 + (-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE
   
 
 USING RESOURCES
 
4,821,095         
c03
RESOURCES FROM NET INCOME FOR THE YEAR
 
13,839,485         
c04
RESOURCES PROVIDED OR USED IN OPERATION
 
(2,227,595)         
c05
RESOURCES PROVIDED BY (USED FOR) OPERATING
   
 
 ACTIVITIES
 
11,611,890         
c06
RESOURCES PROVIDED BY (USED FOR) EXTERNAL
   
 
FINANCING ACTIVITIES
 
6,380,755         
c07
RESOURCES PROVIDED BY (USED FOR) INTERNAL
   
 
FINANCING ACTIVITIES
 
(8,355,052)         
c08
RESOURCES PROVIDED BY (USED FOR) FINANCING
   
 
ACTIVITIES
 
(1,974,297)         
c09
RESOURCES PROVIDED BY (USED FOR) INVESTMENT
   
 
ACTIVITIES
 
1,123,968         
c10
NET INCREASE (DECREASE) IN CASH AND SHORT-TERM
   
 
INVESTMENTS
 
10,761,561         
c11
CASH AND SHORT-TERM INVESTMENTS AT THE
   
 
BEGINNING OF PERIOD
 
16,543,335         
c12
CASH AND SHORT-TERM INVESTMENTS AT THE END
   
 
OF PERIOD
 
27,304,896         
       
 
 

 
STATEMENTS OF CHANGES IN FINANCIAL POSITION
 
 
BREAKDOWN OF MAIN CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
C
 
Amount
Amount
c02
 + (-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE
   
 
USING RESOURCES
 
4,821,095
c13
 + DEPRECIATION AND AMORTIZATION FOR THE YEAR
 
3,223,070
c41
 + (-) OTHER ITEMS
 
1,598,025
       
c04
RESOURCES PROVIDED OR USED IN OPERATION
 
(2,227,595)
c18
 + (-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE
 
(3,090,936)
c19
 + (-) DECREASE (INCREASE) IN INVENTORIES
 
(1,910,309)
c20
 + (-) DECREASE (INCREASE) IN OTHER ACCOUNTS
   
 
RECEIVABLE AND OTHER ASSETS
 
(443,962)
c21
 + (-) INCREASE (DECREASE) IN SUPPLIERS
 
840,911
c22
 + (-) INCREASE (DECREASE) IN OTHER LIABILITIES
 
2,376,701
       
c06
RESOURCES PROVIDED BY (USED FOR) EXTERNAL
   
 
FINANCING ACTIVITIES
 
6,380,755
c23
 + BANK FINANCING
 
2,507,546
c24
 + STOCK MARKET FINANCING
 
4,500,000
c25
 + DIVIDEND RECEIVED
 
0
c26
 + OTHER FINANCING
 
0
c27
 (-) BANK FINANCING AMORTIZATION
 
0
c28
 (-) STOCK MARKET FINANCING AMORTIZATION
 
(980,246)
c29
 (-) OTHER FINANCING AMORTIZATION
 
(73,761)
c42
 + (-) OTHER ITEMS
 
427,216
       
c07
RESOURCES PROVIDED BY (USED FOR) INTERNAL
   
 
FINANCING ACTIVITIES
 
(8,355,052)
c30
 + (-) INCREASE (DECREASE) IN CAPITAL STOCK
 
0
c31
 (-) DIVIDENDS PAID
 
(4,506,492)
c32
 + PREMIUM ON SALE OF SHARES
 
0
c33
 + CONTRIBUTION FOR FUTURE CAPITAL INCREASES
 
0
c43
 + (-) OTHER ITEMS
 
(3,848,560)
       
c09
RESOURCES PROVIDED BY (USED FOR) INVESTMENT
   
 
ACTIVITIES
 
1,123,968
c34
 + (-) DECREASE (INCREASE) IN  PERMANENT INVESTMENTS
 
(2,684,653)
c35
 (-) ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT
 
(3,915,439)
c36
 (-) INCREASE IN CONSTRUCTION IN PROGRESS
 
0
c37
 + (-) SALE OF OTHER PERMANENT INVESTMENTS
 
0
c38
 + SALE OF TANGIBLE FIXED ASSETS
 
704,310
c39
 + (-) OTHER ITEMS
 
7,019,750
       
 
 

 
STATEMENTS OF CASH FLOWS (INDIRECT METHOD)
 
 
MAIN CONCEPTS
CONSOLIDATED 
 
(Thousands of Mexican Pesos)
 
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
E
 
Amount
Amount
 
OPERATING ACTIVITIES
   
e01
INCOME (LOSS) BEFORE INCOME TAXES
12,294,852
 
e02
 + (-) ITEMS NOT REQUIRING CASH
342,945
 
e03
 + (-) ITEMS RELATED TO INVESTING ACTIVITIES
6,435,382
 
e04
 + (-) ITEMS RELATED TO FINANCING ACTIVITIES
6,837,493
 
e05
CASH FLOW BEFORE INCOME TAX
25,910,672
 
e06
CASH FLOWS PROVIDED OR USED IN OPERATION
(3,652,879)
 
e07
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES
22,257,793
 
       
 
INVESTING ACTIVITIES
   
e08
NET CASH FLOWS FROM INVESTING ACTIVITIES
(11,361,475)
 
e09
CASH IN EXCESS (REQUIRED) FOR FINANCING ACTIVITIES
10,896,318
 
       
 
FINANCING ACTIVITIES
   
e10
NET CASH FLOWS FROM FINANCING ACTIVITIES
(1,885,521)
 
e11
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS
9,010,797
 
e12
TRANSLATION DIFFERENCES IN CASH AND CASH EQUIVALENTS
131,854
 
e13
CASH AND CASH EQUIVALENTS AT BEGINING OF PERIOD
25,963,409
 
e14
CASH AND CASH EQUIVALENTS AT END OF PERIOD
35,106,060
 
 
 

 
 
STATEMENTS OF CASH FLOWS (INDIRECT METHOD)
 
 
ANALYSIS OF MAIN CONCEPTS
 
 
(Thousands of Mexican Pesos)
 CONSOLIDATED  
AUDITED INFORMATION   Final Printing
       
REF
CONCEPTS
CURRENT YEAR
PREVIOUS YEAR
E
 
Amount
Amount
       
e02
 + (-) ITEMS NOT REQUIRING CASH
342,945     
 
e15
 + ESTIMATES FOR THE PERIOD
337,478     
 
e16
 + PROVISIONS FOR THE PERIOD
-     
 
e17
 + (-) OTHER UNREALIZED ITEMS
5,467     
 
       
e03
 + (-) ITEMS RELATED TO INVESTING ACTIVITIES
6,435,382     
 
e18
 + DEPRECIATION AND AMORTIZATION FOR THE PERIOD *
4,311,115     
 
e19
 (-) + GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND
   
 
            EQUIPMENT
-     
 
e20
 + IMPAIRMENT LOSS
609,595     
 
e21
 (-) + EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES
1,049,934     
 
e22
 (-) DIVIDENDS RECEIVED
-     
 
e23
 (-) INTEREST INCOME
-     
 
e24
 (-) + OTHER ITEMS
464,738     
 
       
e04
 + (-) ITEMS RELATED TO FINANCING ACTIVITIES
6,837,493     
 
e25
 + ACCRUED INTEREST
2,529,221     
 
e26
 + (-) OTHER ITEMS
4,308,272     
 
       
e06
CASH FLOWS PROVIDED OR USED IN OPERATION
(3,652,879)     
 
e27
 + (-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE
(1,094,389)     
             
e28
 + (-) DECREASE (INCREASE) IN INVENTORIES
(1,562,144)     
 
e29
 + (-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE
(391,399)     
 
e30
 + (-) INCREASE (DECREASE) IN SUPPLIERS
1,577,231     
 
e31
 + (-) INCREASE (DECREASE) IN OTHER LIABILITIES
475,347     
 
e32
 + (-) INCOME TAXES PAID OR RETURNED
(2,657,525)     
 
       
e08
NET CASH FLOWS FROM INVESTING ACTIVITIES
(11,361,475)     
 
e33
 - PERMANENT INVESTMENT IN SHARES
(1,982,100)     
 
e34
 + DISPOSITION OF PERMANENT INVESTMENT IN SHARES
109,529     
 
e35
 -  INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT
(5,191,446)     
 
e36
 + SALE OF PROPERTY, PLANT AND EQUIPMENT
91,815     
 
e37
 -  INVESTMENT IN INTANGIBLE ASSETS
(1,489,174)     
 
e38
 + DISPOSITION OF INTANGIBLE ASSETS
-     
 
e39
 - OTHER PERMANENT INVESTMENTS